This article is not a financial advice.
50 billions dollars left the market in 48 hours during the last 14 days. The question is: How in the world can anyone explain this massive sell off?
Is it the fact that, an anonymous billionaire has decided to sell a bunch of his/her Bitcoins to recover his money? Or a secret institution has decided to protect itself. Maybe, the Bitcoins are being sold on the black market or on the Deep Web? We mean by black markets, anything out of control of the exchanges. Wealthy people tend to pull their money off the stock market during the end of weeks and put them back in their beginnings We suspect this same tactic is being used on the crypto market.
This is a noman's land. One thing, we are here to do, is to push the reader to take a second look at what is going on.
There is no doubt about it: The crypto currencies will be the future but Bitcoins will not be the currency of the people. Bitcoin will be more of an asset for a few.
Ask yourself, how many in world are aware of bitcoin?
How many people are able to afford 1 Bitcoin at its price?
How many will be able to mine Bitcoins at this stage of the market?
Bitcoin has started a revolution to reset the financial system but is far from changing the life-style of the “regular Joe” which represent 90% or more of the world population.
We believe more on the blockchain technology with other emerging coins or token, because they have greater hope to change lives.
We are not giving out a financial advice, but we are here for the people. Bitcoin has gotten to a point where the “average Joe” surviving on his paychecks, cannot afford to buy 1 Bitcoin and hoping to make a living off it.
The fact is right on our face. Look at the uncertainty of the market. On the other hand, the Altcoins might offer a better hope for the “Average joe” to change his life.
This is why, we ate betting on Altcoins and the Blockchain technology rather than on Bitcoins.
If you’ve already invested in Altcoins, do not waste time day trading unless you know what you are dong. Its better to use a well qualified and trusted trading bot such as shrimpy and others to do the job for you.
Holding Altcoins offline for the long run is the strategy.
https://shrimpy.io/referral?r=r1JHCWMQQ
Shrimpy is a great trading software but you will have to hold your coins on an exchange which can be subject to hackers attack. Anyway, the decision is up to you. We will not recommend to the “Average Joe” to invest in Bitcoin. Better invest in Altcoins. Bitcoin has become the game of the Big Boys.
Thanks for reading.
Dissident Common Sense Report.
https://steemit.com/salt/@andy2007/benefit-of-bathing-with-salt