Why is BTC down?
BTC is down due to a number of reasons. If we look at historic data then the BTC uptrend usually takes a break and experiences a correction after the halving event.
The Mt. Gox payout fears
What is helping the cause is the fact that Mt.Gox creditors would be paid out shortly. In terms of numbers we can expect as many as 140000 BTC to be paid out. The current correction that saw BTC dip below 55K is in anticipation of this payout.
A lot of these paid out BTC’s could hit the exchanges putting sell pressure on BTC.
Even before such an event plays out we are witnessing the smart money moving out of BTC and causing this crash just in anticipation of the correction.
How is the Stock market performance hitting the crypto market?
Since the stock markets are doing quite well and the crypto markets are down and not delivering high returns currently therefore money is moving out of the Bitcoin ETF’s and this money is finding more lucrative and greener pastures such as the stock markets.
This exodus of money from the Bitcoin ETF’s is causing further down pressure on the BTC pricing.
The alt coins are bleeding harder than BTC
While BTC related news may be hogging the limelight the alts are being hit the hardest.
If you look at the historical data over multiple bitcoin cycles then the BTC crashes or corrections does the maximum damage to the altcoin market.
With every correction in the BTC pricing the altcoins bleed badly as smart money moves out of them the fastest.
You cannot time the market
Even though this trend may be expected, the price movements are so swift that most common folks cannot track and benefit fully from these crashes.
At times when these crashes happen investors are fully invested or have little money to buy at lower levels.
Better to use this time productively
A good use of the time can be done by hanging out on inleo
Both the threads and log form post creation opportunity is being offered by the inleo frontend. This is the place where users can hangout or rant about the happenings of the crypto markets.
Get to hear about the crypto chatter on Inleo
The advantage of being active on inleo is that there are plenty of opportunities to hear about what is currently happening in the markets in terms of the news and the out come of the news related events is duly discussed in events like the weekly AMA , chain chatter and taskmasters lion’s Den (every Friday)
Make the most of the opportunity
Creating an account on inleo is free. New users can do so by following the link
Simply by being present in the threads and the above mentioned hangouts one can get enough market info to fine tune the portfolio and avail of any investment opportunity.
Final thoughts
Crypto corrections like these are like god sent opportunities which do not come everyday. The wise and the savvy investors can use these hangouts to spot some potential gems that can help their portfolios grow multiple X in the next bull season.
Posted Using InLeo Alpha
