While we are on our way out of the dreaded “crypto winter,” we still have a long way to go before we call ourselves a bear market. In fact, we’re in the midst of a possible, record breaking bear market as we speak. As the host of CNBC’s “Crypto Trader” said, if this bear market continues for another month, we will break the 420-day correction record the market experienced in 2014-2015.
WHY ARE WE IN THIS BEAR MARKET?
During the great crypto rise in 2017, Vitalik Buterin said it best. “So total crypto coin market cap just hit $0.5T today. But have we earned it? How many unbanked people have we banked? How many dapps have we created that have substantial usage?” Buterin was right. The bull run was something special to be a part of, however, it was not backed by any true value. Hype and manipulation caused the prices of many worthless coins to skyrocket and now, we are seeing the results of that aftermath. This lack of awareness in 2017 is 100% responsible for the current market correction and it probably won’t end any time soon.
RECORDING BREAKING BEAR MARKET: 2019 WILL NOT BE AN AMAZING YEAR
For those looking for excitement in the crypto market, 2019 is not the place to be. Analysts in the crypto space predict this year to be a rather boring one in terms of volatility and breakouts. But is this necessarily a bad thing? People tend to think that just because Bitcoin is not at $20,000 again, that we are in a market crash. That’s simply not the case. A boring year could actually be good for everyone and here’s why.
A RECORD-BREAKING BEAR MARKET IS A GOOD THING
Sure, we won’t have the sky-high profits of years past but a bear market is a good market. We are in the healing process right now. The market needs to find it’s true place in this world and to do so, must shed itself of the unworthy projects. Meanwhile, those coins with real value will continue to garner a following and increase in value. As the market stabilizes and becomes tangible then large investors will enter once again.
In the meantime, you should prepare your portfolio accordingly. Head on over to YouHodler.com to request a fiat loan today. By putting up your crypto as collateral, users can receive cash without sacrificing their valuable crypto assets. You can then use this money to reinvest in stable coins that have a bright future in this market. If done right, then you’ll be set up nicely for 2020 and the inevitable bull run that will come with it. Visit their site today to learn more and request your first loan.
Cryptocurrency is something imperative and necessary.