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Why the Recent Bitcoin Crash Was Good News in Disguise

 

If you have been following the market fluctuations of cryptocurrencies, then you must have noticed that bitcoins have significantly dropped in value. If you invested in bitcoin when it was hovering around the $15,000-mark last year, then you have already lost some serious cash. As per recent bitcoin news, the price of a single bitcoin is around $8,000. That’s after the prices recovered. On June 18th this year, the value of the coins was as low $6,387.

The good thing is that this is not the first bitcoin crash and it’s safe to say that it won’t be the last. Every single time in the past, a bitcoin price drop was followed by a surge in the prices. Back in September of 2017, the price of the coin went down 37% in a matter of days after there were speculations that China is going to completely ban bitcoin. The value of the coins soon recovered after the rumors died down.

Unfortunately, every time the value of the coins goes down, there are these onslaughts of media reports and blogs that “predicts” that bitcoin is done for good. This creates an unnecessary panic amongst investors. This is usually followed by an irrational and loss-inducing dumping of coin assets that drive the price further down. The bitcoin crashes are usually followed by rallies that not only recover the loss but take the value of the coins to unprecedented heights.

Why the Cloud of Bitcoin Market Crash Has a Silver Lining?

Presents a Great Opportunity for People Who Want to Get In: The fundamentals of investment teach us that when the prices reach new heights it’s a time to sell and when it drops or crashes it’s time to invest. The recent price crash may have gotten a few people panicked, but most seasoned investors are using this opportunity to stock up. Last year, when the prices of the coin almost reached $20,000, it was not only a bad time to buy, but the higher prices also made the coins inaccessible to a lot of new investors. The recent market crash has made bitcoin affordable again and it presented an opportunity for a lot of new investors to buy bitcoins for the first time. Seasoned bitcoin investors are also buying coins to strengthen their portfolio.

It’s Like a Discount Season for Many Smaller Cryptocurrencies: The crash of bitcoin, the leading cryptocurrency, generated a ripple effect that caused other smaller cryptocurrencies to lose their values. Ethereum was down and so was bitcoin cash, perfect time for investors to build their cryptocurrency portfolios.

It Proves That Bitcoin Behaves Like Other Assets and is Here to Stay: Any commodity or fund that continues to go up without the occasional dips and crashes, essentially behaves unnaturally. The value of these investment assets seem suspicious and artificially inflated. The fact that bitcoin prices crash and then recover, show that these coins follow the basic laws of supply and demand. Serious investors would find the market fluctuations much more reassuring than an unnaturally consistent surge of bitcoin prices.

Affiliate Marketing Bitcoin Business Home Based Business

Bottom-feeding affiliate scumbags

Things are getting scary.

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This then links to a “review” on YouTube.

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But this is where it turns nasty.

Said YouTube video turns out not to be a review about the product.

In fact – it turns out to be nothing about the product at all.

It’s just a blatant scam-pitch fest for some cheesy MLM nonsense.

Bandits.

But I can understand why some affiliates feel they have to resort to these shady methods.

They’re doing it because it’s becoming increasingly difficult to stand out from the crowd.

The noise is deafening.

And you need to fight to be heard.

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Bitcoin Business Home Based Business Personal Finance

Is China Really Banning Bitcoin Exchanges, Or is it Fake News?

Amid a swirl of speculation and assumptions, mainstream media outlets in the West are reporting that China will indeed be banning Bitcoin exchanges.

This comes after the Chinese government placed a blanket ban on ICOs earlier.

The reports in publications like the Wall Street Journal and others are quoting ‘anonymous’ sources that were not providing too much detail.

Anonymous sources

According to the Wall Street Journal, and their unverified and anonymous sources, the regulators were not even sending clear messages on the details of the ban – such as when it would occur.

Apparently, one regulator told an exchange that the decision had already been made, while another said that it could take a few months.

“Despite the foggy nature of these proclamations, the Bitcoin price has taken a second dip after recovering from the news of the ICO ban in China.”

Bloomberg also reports on the claims about exchange bans but says:

“The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private.”

The apparent reason for the exchange ban?

Bitcoin has been a major disruptor in China and its socialist monetary policies.

As such, it is believed that the Chinese government has perceived the growing interest of the digital currency as a threat especially as Chinese investors have been seen to buy up Bitcoin and bet against the yuan.

The anonymous source cites “too much disorder” as the reason for the alleged shutdown, echoing the Chinese central bank’s words last week criticizing ICOs for disrupting the country’s financial order.

Highly skeptical

Many hardline beliefs in Bitcoin are rightly skeptical about the perceived ban from China as there has been no official word, and no one brave enough to put their name on the news.

CEO and founder of Chinese exchange BTCC has put up a twitter poll asking if people believe that the ban is real with over 80 percent of people saying no.

OKCoin responded to this news saying:

“‘Till now we haven’t been informed by any authorities about closing BTC exchanges, if that happens, we will show notifications on our website in no time. Even if that’s the case, we would be running offline trading for users, and your balance of coins in your account will be absolutely safe.”

Re-posted from www.cointelegraph.com by Darryn Pollock September 12, 2017

Anonymous sources.  It’s leading to all kinds of fake news in the political spectrum and now maybe in the Bitcoin investment world.  Bobby Lee’s poll seems to indicate that but of course it’s not a scientific poll.  As difficult as it is, try to sort the wheat from chaff.  Look to other reliable sources when making your investment decisions.  In the meantime, consider becoming involved in Bitcoin mining.  I have been using two mining platforms:  Genesis Mines and Galaxy Mines.  Both have been very reliable for the last two plus years I’ve been using them.  To get more information on Galaxy Mines, click here and watch the videos.  For Genesis  Mines click here and if you’re ready to start mining today be sure use the code listed in the tile ad to the right side of your screen.  Whatever you do, I wish you the best of luck.