The crypto market alongside everything else is five months in the year of 2019 and it seems to have picked up rapid pace in FinTech. Since April, this month proved to be extremely decent for cryptocurrencies as BTC almost regained its balance with its price shooting up to almost $6000. Other cryptocurrencies on any Cryptocurrency Exchange platform are faring just as well proving that May was indeed a great month that allowed the crypto market a much-needed breather to regain its balance and come out stronger than ever.
During this time, a lot of interesting revelations about crypto popped up all around the place - A clear indication that the cryptocurrency market is not ready to back down just yet. So, here's a round-up article by Evonax that highlights our top crypto blogs for May that you will truly enjoy!
Bear markets are essentially fluctuating markets that observe the majority of the share prices to flail and in the end, encourage one to sell them off.
As a crypto enthusiast, one will be rather eager to know how the top 5 cryptocurrencies performed in the bout of 2018 and how far they have progressed in comparison to their market cap in 2017. Let's have a look at the cryptocurrencies that did extremely well, took major strides in their advancement and achieved eminency on the best Cryptocurrency Trading Platforms since the beginning of the year to its end.
Angela Lee Duckworth once stated in her TED talk how her research of studying different age groups to identify what success factors were followed by students, it led her to discover that the key to the success of a student was not their IQ, instead it was grit.
A revelation like this does lead one to believe the truth in her statement as a gritty outlook on life will indeed allow a person to explore various field and apply this success factor to all aspects and that would even involve fields such as an Instant Cryptocurrency Exchange. Following in the lieu of the grit attitude, even crypto-concerned enthusiasts have coined their own term known as HODL. The HODL is much similar to the grit attitude and actually means "Hold on for dear life" - A phrase that is well-suited and extremely important to remember when you are dealing in crypto affairs.
The year of 2017 proved to be a mighty year for crypto when the market erupted and the world saw something that was absolutely unprecedented. Since then a lot of crypto traders have time and time again stated that the period between October 2017 to December 2017 observed the biggest bubble like never seen before for most cryptocurrency’s values.
The people, who survived this phase, underwent through intensive investment practices during the .com bubble and came to an agreement with themselves that the multiple Cryptocurrency Exchanges technologies are taken way out of contrast so much so that everyone hypes them up for a while and yet fail to determine their value when it comes to the long haul.
So, here are a few tips and learnings that you can consider for how to overcome and win against a crypto bubble burst.
Although the US stock market skyrocketed when 2019 kicked off, the rally's liquidation ended up raising a red flag for investors alerting them that the future of the bull market was at stake - The longest run for the bull market that almost lasted for about 10 years was to result in a barren field i.e. bear market at last.
And because it has been years since the last bear market took place, all the investors involved in Cryptocurrency Exchanges have almost disregarded their past experiences with one. As for the relatively younger investors, it seems unlikely that they will ever learn how to cope up with this stigmatic surprise.