Dec 13, · In the aggregate, the market seems to have made some temporary conclusions about Bitcoin. To be clear, this is an evolution. As Bitcoin and crypto as . 2 days ago · With bitcoin higher after falling for two days and XRP falling amid warnings the SEC may sue Ripple, CoinDesk’s Market’s Daily is back with another crypto news roundup. Bitcoin has plunged by almost 9 percent after establishing its new record high near $20, last week. And a team of quantitative strategists at JP Morgan & Chase believes that gold is behind the flagship cryptocurrency’s corrective price move.
Bitcoin market fallingJP Morgan Analysts Explain Why Bitcoin Price is Falling
Look from this point of view, for suppose you are a trader or an investor who has long term plans on his mind, and for something like this, they would require to put in the least capital for maximum gains. For them to do so, they would definitely love to buy digital currencies, especially Bitcoins, when their price it at its lowest. And in the Bitcoin market , it is a proven fact that the price of Bitcoins is at its lowest when they are being sold off in huge bundles.
Such a rapid selling of these digital tokens cause them to lose a huge margin of their value and they end up finally settling at a very low price. Because of this phenomenon, while the people who are actually selling off their Bitcoins owing to its rapidly falling price thinking that it is the best decision to take, they do not realise that if they actually stash these Bitcoins and actually increase their hoard by buying more of them, they would be buying them on a relatively very lower price and when the Bitcoin price finally rises and you have a great opportunity to sell your Bitcoins, you have more of them to sell, at a very much higher price, thus doubling or even tripling their profits.
Such humongous and herculean gains just because they waited out the storm, hoarded more supplies and silently waited to make their move. Eventually, if you think selling off your Bitcoins in a falling market is the one sole smart thing to do then maybe you are wrong and you need to reevaluate your entire thinking.
If you wish to simply think and want short term and just make the most of the moment, sell them, but if you are looking from the point of view of someone who has a long term plan, realise how much they are gaining from actually buying these Bitcoin from you at a much cheaper rate and then making huge profits in the future when the Bitcoin value starts to rise again. Does this not prove that patience is actually the sweetest virtue and also the one which helps you make the most of every situation in your life in the eventual long haul if not immediately.
So someone else who has the visions of a long term investment is actually making a huge load of profits by waiting out the falling market.
When the prices go back up again, owing to the volatile nature of the Bitcoin market , they can finally go in for the kill and make such huge profits of which anyone would be jealous of. Cryptocurrency market is still in its nascent stage hence the […].
Upon that, as the Crypto market is rarely flighty in nature, the investors contingency […]. Save my name, email, and website in this browser for the next time I comment. Advertising Submit Press Release. Sign in. Log into your account. Password recovery. By - Coinnounce Team.
The falling bitcoin market, who is buying when you are selling? June 30, Last Modified date - June 30, If you think selling off your Bitcoins in a falling market is the one sole smart thing to do then maybe you are wrong. Dont sell your bitcoin low. Who is buying bitcoin when you are selling it? Articles like this one should make any wise investor sell Bitcoin and buy gold.
Even long-term Bitcoin bulls should be taking profits on Bitcoin now and buying more gold. JPMorgan analysts stated that, in the long-term, Bitcoin should retain its bullish bias as more and more investors decide to reshuffle their capital from gold markets. They pitted listed security Grayscale Bitcoin Trust against exchange-traded funds backed by gold. Yashu Gola is a Mumbai-based finance journalist. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 2min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now!
Tweet Share. Could you be next big winner? Yashu Gola Yashu Gola is a Mumbai-based finance journalist. Related Posts.