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XRP Cryptocurrency Crashes Following Announcement of SEC Suit Against Ripple
2020-12-25 00:20:00 +0000
Worried about cryptocurrency value crashing and your crypto wealth going to zero?
If you are new to crypto space for a this is definitely a real concern, it’s painful short time experience..
Yet, the Bitcoin crash history might surprise people.
Guess how many times Bitcoin has had horrific crashes. One? Two? Four?
This is normal cycles and as long as you master the simple tactic..
Don’t sell low… Never buy high
And always remember long term we are on an uptrend…. In short term Master techniques that give you more and more coins even when the prices are low..
Get more excited and accumulate more coins.
This is money for tomorrow if you do the right things today..
Bitcoin price has had more than 13 major crashes or deaths in less than 11 years.
Yet today as I type this one bitcoin is worth more than $11000…
Other cryptocurrencies especially new ones goes through the same cycles… Those are second chances to accumulate many more coins cheaply….
Crypto is widely known for its high volatility. There can be a crypto market crash, and the price can fall off a cliff, without any prior signals or any signs that it will bounce back. Even the most professional traders can’t accurately foresee these movements all the time. The difference is in how both of you react and deal with these unexpected situations. Just like a hunter who finds a bear in the forest, will you run away or play dead? Or will you teach that bear a lesson by taking advantage of market volatility?
Today we will be talking about how to take advantage of a market crash and turn it into gains. You must NOT panic, keep a cool head, and follow my tips on how to handle your sinking assets. By the end of this video, you will know exactly what to do during a crypto market crash.
0:00 – Intro
1:32 – Do not Panic
2:45 – Evaluate the situation
4:51 – Hold your Portfolio
6:01 – Timing is everything
7:17 – Keep an eye on the market
7:53 – Outro
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After a long period of consolidation within the lower-$8,000 region, Bitcoin (BTC) has now garnered some decisive momentum and is quickly nearing the lower-$7,000 region, with over $500 in losses being posted within a few minutes. Analysts are now noting that this move is emblematic of a “long-squeeze,” which may mean that it is currently oversold and that a relief bounce is imminent. At the time of writing, Bitcoin is trading down just under 8% at its current price of $7,600, with the price dropping as low as $7,400 on popular margin trading platform BitMEX. This price crash came about after Bitcoin faced a multi-week period of sideways trading within the lower-$8,000 region, and many analysts had been noting that a significant movement was imminent due to the tight trading range that the crypto was caught within. It remains somewhat unclear as to what the impetus behind this latest drop was, but one analyst is noting that he believes it could have been a “long-squeeze” that was fueled by the massive amount of over-leveraged longs on BitMEX. If this was the cause of the latest drop, it may be followed by a relief rally that allows BTC to climb back towards the upper-$7,000 region, although it is a strong possibility that this latest movement has sparked a mid-term downtrend. Prior to the crash that occurred this morning, Bitcoin had been trading just a hair above a key trendline that had previously been supporting the cryptocurrency’s price. Trading Room, a popular crypto analyst group on Twitter, explained in a tweet prior to today’s drop that a break below this trendline would open the gates for significantly further losses. How Bitcoin and the aggregated crypto markets respond to this drop in the coming few hours may provide significant insight into where they will head in the coming few months.
#trading #stellarcryptocurrency #bitcoinatmnearme #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
Bitcoin Crashes to $7,400 as Crypto Markets Falter: https://www.youtube.com/watch?v=1vhSrySzrNk
CCN reported on ‘extreme fear’ as shown by the Bitcoin Fear and Greed Index, Be in Crypto detailing Poloniex’s plans to reimburse users $18M in exchange fees, and Crypto Globe on Hong Kong’s BTC premium amidst demand, and more.
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This video talks about why Bitcoin Crashes Again and Again and what might happen next
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