*** Bitcoin Crash: Is This The Beginning Of The End? ***

*** Bitcoin Crash: Is This The Beginning Of The End? ***

Last Tuesday, the world saw Bitcoin crash massively by 25%.

In December, Bitcoin was trading at $19,000, and today we saw the “King of Cryptos” drop to $9,000 levels.

Almost half of its value, even at its peak last 2017.

People started to sell their coins to salvage whatever gains they had.

But the crypto trading platforms weren’t able to handle the transaction volume. People waited for hours, even days to sell their coins.

The entire scenario was that of panic.

So, is this the end near for cryptocurrencies?

No, it’s not.

Although I personally don’t trade and hold cryptocurrencies, I do believe that they are here to stay. I see them becoming a sort of PayPal like payment system.

Some of you might be saying yes, that is the intended purpose of cryptos.

And though I do understand and agree with that point, what I’m trying to get at is the fact that cryptocurrencies didn’t get this much mainstream attention because of the technology behind them.

They got all this attention because people saw them as an investment that would hopefully make them money.

So anyway, what do you do next?
Moving forward, what’s your best course of action?
If you’re currently holding Bitcoin or other currencies, do you sell or buy?

If you want to get into cryptos, is now the best time to start buying coins?

Is the crash over?

If these questions are currently swimming in your head, then I have 3 tips that could help you.

—————————————–
1. This Is Not The Right Time To Buy
—————————————–

I know that many of you see this as an opportunity to get more coins. Prices are low, and people are panic selling.

A good time to buy right?…NO it’s not!

Keep in mind that the rise and fall of a cryptocurrency is based on speculation.

People are in a panic right now trying to sell their coins. And with panic comes negative sentiment.

And it doesn’t take a genius to figure out that if you add negative sentiment with speculation, nothing good will come out of it.

So stay away from buying cryptos for now, and wait till everything normalizes.

2. You Need To Take Profits While They Are There

I’ve been using this tip for trading stocks, options, and futures. And it applies to cryptocurrencies as well:

Regardless of what point you got in, as a smart investor you always want to limit your losses and take profits while they are there!

Remember, you are dealing with a market that thrives on speculation.
Yes, Bitcoin went to the Moon last year. But it also fell back to Earth this year, right? Do you know when the next Moon mission will be?

Nobody knows, and nobody can predict when that next rally will happen.

The soonest could happen next week, month….or a couple of years from now.

But what if it doesn’t?

What if this is going to be the new normal for Bitcoin? Or what if we will see another huge correction in the coming weeks or months?

Are you willing to take that risk?

So my advice to you is, regardless how small it may be, go take profits while they are there!

Remember: Nobody ever got broke taking profits!

—————————————————-
3. Do Not Fall Prey To Bitcoin Trading Courses
—————————————————-

It’s funny because today, I again got another 10 of those emails offering BTC trading courses.

No, I don’t believe that those courses can give you any value.

And yes, I do believe that they are a scam.

I’ve talked about this in another Coffee with Markus video. But with this current development, let me just say again:

“You don’t need to be a genius to trade cryptocurrencies! You just buy, hold, and hope it goes up!”

As you can see, it’s not as complicated as some would like you to think.

So stay away from those “courses.”

Believe me, they will try to sell you “hope”.

Something along the lines of “knowledge that could help you navigate this crash and make money out of it”.

DO NOT fall for it.

You “CANNOT” short cryptocurrencies. So when it goes down, there’s nothing you can do but sell.

The only way to make money through cryptos in this current market condition is through BTC Futures.

But then again, you need around $70,000 for you to trade BTC Futures.

So please, stay away from those Bitcoin trading courses.

Now, if you want to know if the crash is over, or when will it be over, that I don’t know.

Technically, it just started.

And there’s no way of saying how long it will last, or how low the nosedive will continue.

Remember, cryptos thrive through speculation. So your guess is as good as mine.

For now, the best thing you can do is follow what I said above.

And think of other, more stable ways to invest your money.

Like Stocks, Options and Futures!

Anyway, “LIKE” this post if you found it helpful.

“COMMENT” if you have anything to add, or if you don’t agree with what I said.

And “SHARE” it with someone you know that needs to read this.

Have a great day, and talk soon

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