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The ongoing "Crypto Winter" turned into an ice age unable to find its way to spring and, finally, the long-awaited summer season. The decline in the encryption value has been worrying for most investors who see their portfolios get thinner with each passing day. Bitcoin, the largest digital asset, has further corrected its historical record, where it touched nearly $ 20,000 at the end of last year. The price of Bitcoin is currently trading at $ 3.538 while Ripple's XRP dances with 0.31.
Ethereum (ETH) was not able to withstand downturns like other assets and currently trades at $ 93. The large cryptographic market is mostly in the red with daily decreases ranging from 0.5% to 6%, in particular for the first 20 cryptographic resources.
The biggest and most difficult question at the moment remains to be when we can see an inversion in this scheme? In the face of a situation, the market has not yet reached the bottom; a move that will see a general rebound in the whole value of the asset. For Bitcoin, experts say the fund will probably be between $ 3,000 and $ 2,500. However, nobody knows exactly when this will happen.
Meanwhile, several billionaires around the world continue to express their opinions on the declining market. With most of them it remains positive that in the long run there will be an incredible reversal.
For example, Mike Novogratz, Tim Draper and Jim Breyer, although not fully integrated into the encrypted market, are very optimistic about the crypto-market trend. Other investors in the market must know how billionaires are able to remain calm and remain positive in the midst of a devastating crypto-storm.
Can they save us from this encrypted money using their bullish statements? What do they see that other investors are not aware of?
An article published by CCN, an encrypted newsletter attempts to demystify the above questions. The articles state that investors are enthusiastic about the cycles that the cryptography market has experienced in recent years. At the same time, their cryptographic portfolio can not be compared to the vast wealth they have in traditional markets. A decline in Bitcoin (BTC) and Ethereum (ETH) does not affect them as it would do with many ordinary investors.
Moreover, these wealthy individuals never do what is referred to as panic selling. This applies to other markets such as the real estate sector and the stock market. They keep the goods they own in declining markets for as long as possible.
The same can not be said for ordinary investors who need to have the assets they possess to earn the funds for their daily retention and other operations. Most of these investors do not have a way of hedging and the only option is to let go of their business as a way to limit the risk factor.
A drop of 80-90% is detrimental to the financial health of retail traders. It is simply too big a drop to manage by forcing them to liquidate their assets. In contrast, institutional investors and billionaire investors have the ability to manage such price falls and remain fat for a rebound.
In fact, in the history of the performance of cryptocurrency, these investors have shown their zeal to remain optimistic and positive in the long run. There are cases in which Bitcoin has lost at least 85% of its value and has been able to make a huge recovery forming new highs.
Perhaps, the normal scan of investors learns from the high net assets that cling to their resources, however small they are waiting for a rebound. Many traditional market gurus such as Nasdaq, ICE and NYSE are examining the encrypted market. C & # 39; is something that everyone sees positive in this sphere. An indication that it would be a bad idea to throw in the towel.
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