Lets say from Bear Market to Bull Market, to HODLing and shorting, it seems there are countless terms which defines the volatility in the Crypto market and the strategies to go around it.
For the new customers placing their confidence in Crypto Market, the hype can be overwhelming when the prices are up or scary when prices go down. But it’s important to stay clearheaded in the midst of all the buzz being created because of the market fluctuations. When it gets scary, remember these reasons why there is no need to panic:
Places change but the patterns remains similar:
2018 is the 3rd year in a row where digital coins plunged up early in the start of the year according to the blogpost “The Perrenial Dip” by Joe DiPasquale, the Chief Officer at Bitbull Capital. “It’s worth pointing out that this is nothing new for experienced crypto investors,” DiPasquale said, after sifting through crypto price data over the past three years. “Whenever the current ebb makes you nervous, just remember there’s another flow coming.”
Crypto Sector Welcoming Institutional Money
Many experts in the cryptocommunity believe that the institutional adoption of cryptocurrency will drive up the prices again. The Institutional Interests are increasing regardless of the Google Trends. “Once a large sizable chunk of Western institutional money starts to come in — watch out.” said CEO of Amex-backed crypto startup Abra Bill Barhydt back in March.
Just a couple of months later, Wallstreet started growing the heat on Crypto Market. In the late April, NASDAQ announced a collaboration with Cryptocurrency Exchange Gemini in order to launch SMART markets survelliance technology. “This is a major milestone in the application of SMARTS – and an important indicator of our commitment to expand the use of our market technology into non-traditional marketplaces, as well as new frontiers beyond the capital market,” said Senior Vice President and Head of Risk and Surveillance Solutions at Nasdaq Valerie Bannert-Thurner.
The Momentum increased when Goldman Sachs also showed commitment to expand beyond the traditional marketplaces by announcing that it would open a Bitcoin trading operation. “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it’s an alternate store of value,” said Rana Yared, one of the Goldman executives overseeing the trading operation.
“Crypto still faces significant internal resistance and hurdles within traditional financial institutions,” said Fundstrat Global Advisors Head of Research Thomas Lee. “But it is encouraging, nonetheless, that a large share of incremental attendance as financial institutions.” In fact, Fundstrat expects the price Bitcoin to go up tp $25,000 by the end of this year.
Regulation Improving Cryptocurrency Economy in Long Term
2018 has been the year of Cryptocurrency, and the question that Still arises in the newbies and the veterans in the Cryptomarket, is: How will the new regulatory initiatives effect the crypto prices?
These technologies cannot flourish and grow without thoughtful regulation that connects them to finance.
We here at Cryptx Financial are equally optimistic about the emphasis of regulation which will weed out the bad actors and enable authentic and legitimate currencies and exchange in the space to thrive. Furthermore in the last few months we believe that the public has taken the positive side towards the implentation of crypto. The Government and the mainstream financial institutions are working towards the legitimacy of crypto and establishing a financial landscape filled with cryptocurrency in the future. The ups and downs still tend to exist for a short period of time, but the future is going to open a lot more opportunities for the crypto market.
What do you think about it? Let us know in the comments below.
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