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Can cryptocurrency survive a gobal financial crisis?

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Is cryptocurrency a hedge against economic downturns?

The answer to this question is quite controversial, some would say yes because this is what crypto was made for; while others would chime that crypto is unproven in a downturn and will need to survive its first one before we can feel at ease about its survivability. Much of your perception on whether bitcoin and cryptocurrency in general will survive aneconomic crisis, is based on where you stand about cryptocurrency in general. Today we will talk about the possible survivability of cryptocurency in a crisis.

Is Venezuela a test case

Right now in Aouth America there are several financial crises transpiring that may create possible examples of how crypto will fare in a financial storm. In venezuela reports are coing out that many people are choosing to use cryptocurrency to pay for life expenses. The national government under President Maduro have begun to implement their own state backed cryptocurrency called the petro. The Petro is an asset pegged to the price of a barrel of oil and the Venezuelan government hopes it will help them escape dollar tyrany. Hyperinflation has taken its toll on Venezuelans but many of them were informed enough to seek financial refuge with cryptocurrencies. This is a great example of how when value leaves fiat the holders will seek to run to other assets to store value; that exodus now has cryptocurrency as an outlet for the fleeing fiat users.

We may see a big example soon enough

Much of the world is currently on the precipice of a financial downturn and if america keeps behaving the way it has been then we will likely see a major crises emerge in the next 5 years or so. some analysts see a move away from the dollar as a potential catalyst whilst others proclaim that the trade war and student debt will push us into the downturn of this decade. Unlike those times prior, now cryptocurrency has created and outlet for those funds that “dissappear” from markets as the major stakeholders cash out. The financial bigwigs are likely going to enter the cryptospace as they will soon see it as a way to maintain some value in the crises they create.

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Global markets are getting volatile as trade spats continue.

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Trade wars taking their toll

This trade spat between the united states and China is becoming increasingly burdensome upon the people of the world. Emerging markets are tanking and as of this week the american market is also strugling. In america the pullback can be attributed to the corporate shareholders who have been on a buying frenzy, taking a breather and starting to sell. this has kocked the DOW and NASDAQ off off all time highs and caused concern for the smaller investors. There is widespread reports of a possible recession caused by these market circumstances and it could be big. Some cryptocurrency supporters believe that this round of economic turmoil will translate into a run up in the prices of bitcoin and some altcoins.

Will bitcoin prevail in the next downturn

for most of this year stocks in the usa have been on a tear rising similar to how crypto did in 2017. Some are saying this rise will lead to a huge correction that will lead many investors to begin using cryptocurrencies. They site the instances of countries like Venezuela who almost immediately turned to bitcoin and crypto in the midst of its current crisis. I personally hope that this current downturn comes to an end and hopefully some of that money in the hemorrhaging stock market s will find its way into crypto.

Check out this video that kind of explains some of whats going on from the crypto lark over on Youtube!

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ICO / Crypto

In a bloodbath be a market vampire

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Cryptocurrency is hemorrhaging and im a hungry vampire

Since the beginning of 2018 the cryptocurrency markent has experienced an epic sell off. Currently 90% of all cryptocurrencies are down atleast 80% from their highs a year ago. Some of you probably think this is the end of Bitcoin, but it is more likely the end of many Shitcoins with inactive platforms or illconcieved concepts. It is likely that over the next few months many coins will begin to get delisted a their values drop below $0.00, only the strong will survive this rapture.

You’ll live if you have an active platform

Platforms like Stellar, Binance, and Steemit are likely to endure through this apocolypse mainly due to their strong platforms and huge fanbases that, not only believe but also work hard to keep the blockchain running as a commnity. The coins that are still hinged upon promises and illusions will fall to oblivion. Take this time to evaluate you portfolia and rid yourself of shitcoins and prepare for the great buying opportunity that is about to present itself.

The long road ahead

The last bitcoin bear market lasted around 14 months and when it ended it still took nearly a year for crypto to really rally in 2017. This recession was an inevitable happenstance that many professional analysts predicted. In 2018 all the rumors were that Bitcoin would drop over 70% before rebounding and surpassing its all time highs. With all this news about institutional investments coming into cryptocurrency It is doubtful that the industry is dead. On the contrary I think it is the beginning of a new period in the crypto economy. Regulation is coming and when that happens the Institutional investors will begin pumping crypto as they build their corporate positions for the future.

### Watch the charts

Right now is not a very good buy situation but it would be a good idea to open positions after BTC droppes below $6000 because a strong rebound is likely. I say that because around $5900 is the mining profitability threshhold. We all know miners control the BTC market so it is a logical pivot and point of support for bullish traders. Try to average into the market and remember that your in it for the long haul.

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ICO / Crypto

Bitmex The Boss Of Margin Trading

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bitmex

No It Does Not Mean Bit Mexico

The Bit Mercantile Exchange aka Bitmex has become know as the worlds highest volume trading platform with over 1 million daily transactions and growing! As far as cryptocurrency exchanges go it has a pretty solid history starting back in 2014 and running smoothly up until today. Bitmex has established itself as the go to Exchange for traders looking to leverage their holdings and trade on the market. It is not an eachange to be used by novices because you could wind up emptying your account.

Leverage Leverage Leverage!!

The margin trading options available to you on Bitmex represent a smattering of the top cryptos and the opportunity to trade some of them up to 100x leverage. Thats righ you could basically trade with a minimum of .0006 btc and leverage it to be worth .06 btc. OF course havign such a position is risky because it may get liquidated quickly depending on the markets volatility. If you can understand the threat of liquidation and plan around it then trading on bitmex can be an attractive option.

Perfect For Down Markets

With cryptocurrency in general experiencing a year long downturn, exchanges like bitmex that allow you to go long or short on cryptocurrencies is a helpful tool. Using Shorts one could track the market as it declines and profit (in BTC) on the declining market. That means you would end up with a larget bitcoin positions when the market begins to reverse upwards. Of course being able to short Bitcoin is not an easy task but can be done, especially if you understand the RSI and MACD indicators.

Its Kinda Like Gambling

When you use bitmex you are in essence bettin on which direction the chosen market is going to go. If your right it pays, if your wrong its costs. Although its not as simple as picking a direction, you can learn how to trade on bitmex relativley easily by readingthrough thir FAQs and reaching out to the Bitcointalk community. As always remember when using trading platforms, only invest what you are prepared to lose.

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