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Home News Altcoins

Investor Insight: Bitcoin, Ethereum and XRP: Will Billionaires’ bullish Sentiments Save Us from this “Crypto Winter”

John Isige by John Isige
December 10, 2018
in Altcoins, News
Cardano
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The ongoing “Crypto Winter” has turned into an ice age unable to find its way to the spring and finally the much awaited summer season. The drop in the crypto market value has been worrying most investors as they see their portfolios thin each passing day. Bitcoin, the largest digital asset has been correcting further from the all-time high where it almost hit $20,000 late last year. Bitcoin price is currently trading at $3,538 while Ripple’s XRP is dancing with 0.31.

Ethereum (ETH) has not been able to weather down the declines like the other assets and currently exchanges at $93. The large crypto market is mostly in red with daily declines ranging from 0.5% to 6%, especially for the top 20 crypto assets.

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The biggest and most difficult question at the moment remains to be when can we see a reversal in this pattern? As the situation stands, the market is yet to hit a bottom; a move that will see a general rebound in all the asset’s value. For Bitcoin, experts say the bottom is likely to be at $3,000 to $2,500. However, no one knows exactly when that will happen.

Meanwhile, various billionaires in the world continue to express their views of the declining market. With most of them remaining positive that in the long-term that there will be an incredible reversal.

For is instance, Mike Novogratz, Tim Draper as well as Jim Breyer despite not being fully in the crypto market, are very bullish for the crypto market trend. Other investors in the market need to know how the billionaires are able to keep calm and remain positive amid a devastating crypto storm.

Can they Save us from this crypto cash using their bullish statements? What do they see that other investors are not privy to?

An article published by CCN, a crypto news outlet attempts to demystify the above questions. The articles states that the investors are keen on the cycles that the crypto market has experienced in the past years. At the same time, their crypto portfolio’s cannot be compared to the vast wealth they have in traditional markets. A decline in Bitcoin (BTC) and Ethereum (ETH) does not affect them as it would many ordinary investors.

Moreover, these wealthy individuals never do what is referred to as panic selling. This applies to other markets such as the real estate and stock market. They hold onto the assets they own in dwindling markets for as long as possible.

The same cannot be said for ordinary investors who need to dispose of the assets they own in order to earn the funds for their daily up keep and other operations. Most of these investors do not have a way to hedge and the only option is to let go of their assets as a way of limiting the risk factor.

An 80 to 90% drop is detrimental to the financial health of retail traders. It is simply too great of a drop to handle forcing them to liquidate their assets. On the contrary,institutional investors and billionaire investors have the ability to handle such drops in prices and stay put in weight for a rebound.

In fact, in the history,of cryptocurrency performance, these investors have shown their zeal to remain bullish and positive in the long-term. There are instances where Bitcoin has shed off at least 85% of its value and has been able to make tremendous recovery forming new highs.

Perhaps, normal investor scan learn from the high net worth individuals hold on to their assets, however small in wait for a bounce. Many traditional market gurus like Nasdaq, ICE and NYSE are looking into the crypto market. There is something they all see positive in this sphere. An indication that it would be a bad idea to thrown in the towel.

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