A mere 48 hours ago, the crypto community was celebrating an unexpected crypto rally. But then, tragedy struck. In minutes, we saw billions leave the market with many investors screaming “Why is the bitcoin price falling?” It’s a great question. Let’s try to get to the bottom of it.
WHY IS BITCOIN PRICE FALLING: DON’T LISTEN TO FAKE NEWS
You’ll read all sorts of stories online about why the crypto market is in collapse right now. You’ll hear that investors got scared when Bitcoin couldn’t pass the $4,200 resistance level and decided to sell. Another popular theory going around is the entire crypto community got a little too excited about the upcoming ETH Constantinople hard fork before it even came out, resulting in a baseless bull run that eventually becomes too much for people to handle. Those are great theories but what’s the truth?
WHY IS BITCOIN PRICE FALLING: MARKET MANIPULATION
While there is no proven fact of market manipulation in this scenario, it is strange for the market to lose billions in a matter of minutes. Most likely, the world’s largest whales orchestrated a small “pump and dump” scheme that raised the market enough for them to quickly cash out with a nice profit. This is exactly why the SEC will not approve an ETF in the near future. The market is still controlled by a select few and until more regulatory measures are put in place, this crazy volatility will continue.
WHY IS BITCOIN PRICE FALLING: HOW TO PROTECT YOURSELF
There is no telling how much longer we will be in this bear market or when the price of bitcoin will stop falling. The majority of us will lose a little but there are tools we can use to minimalize the effect. Take crypto lending platforms for example.
Platforms like YouHodler lend you cash when you need it. Meanwhile, you can keep your crypto assets without selling. It might seem like a wise idea to sell your crypto now but it’s best to hold on. Despite the negative news, regulation will come and the market will stabilize once again.
So go to YouHodler and put up BTC, BSV, BCH, ETH, XRP or LTC as collateral and receive a near instant cash loan with an 80% LTV. It’s a fast, transparent and efficient way to hedge your portfolio without having to sell your assets. This crypto winter is not over yet so much sure you’re prepared.