Bitcoin, the original cryptocurrency, which is responsible for about a third of the value of the crypto market, now meets its downhill since the mid of May. Though it has been on a bearish consolidation since early April, it has been trading in a tight zone since mid-May, which also be referred as Bitcoin crash. According to every statistics released recently, we do have every reason to be concerned about the crypto market along with some related market.
Why Is the Bitcoin Market Crashing?
According to Reuters, Bitcoin fell as low as USD 25,401 on 12th May, it’s lowest since December, 2020. What led Bitcoin, the world‘s largest currency, to crash? Rising inflation, interest rate hikes, and geopolitical instability take partly responsibility about the current situation, just as Alkesh Shah told Forture magzine. Also, we cannot miss downfall of stable coin Terra USD when it comes this Bitcoin crash topic. Those stable coin function, effectively, as banks: people hand them money, and they receive stable coins in return, which can at any point be cashed in for money again. However, they crumbled, which led to a huge depression towards the Bitcoin Market, even to the whole crypto market. Furthermore, while the interest are high, there is a huge pressure incoming to the continued development of Bitcoin. Thus, it ends as a vicious circle going on and on.
Views Beheld by Investors or Should Be Held by Them
Here comes a quick question, who owns Bitcoin, or some other cryptocurrencies? Survey shows that men whose age are among 18-29, a cryptocurrency exchange called Coinbase and a few select, who have the control about one third of Bitcoin market. So for those selected person in certain groups, what do they think of this crash and what should they think about this?
● There are some investors take a negative insight about this after-crash thing, saying that they all have huge chance to lose all, while tiny chance to win even a bit. As they said, it’s nothing but a gambling. So they have firm belief that they should retreat to somewhere safe enough.
● While others see this as a normal volatility, and it will end safe and sound finally. Therefore, the positive party gives their advice on it, that is, set it and forget it. Don’t let the up and down drag all your nerves. They believe in the hope that investors just need to sit this one out and wait for the market to thaw.
● What‘s more, some neutral ones behold that they should see it as nothing happened since they only invest in what they are OK about losing.
In a word, no matter what opinion you have toward all this crash, you see in your way , and deal with it in your way. Three advice mentioned above are merely for those who have not had their ways. Anyway, try to take the positive way.
Some “Good” News among Bleeding Crash
While some experts are concerned that this fiasco may impact some other fields related to Bitcoin market, some experts bring the good news.
● Some experts think the crash provides the whole Bitcoin market a promising future. By obliterating minor, it clears the territory for larger, institutional players to step in and set the overall direction of the cryptocurrency ecosystem. It sets good environment for both survived players and future ones. They believe that the fundamental reason for the sustainable development of the Bitcoin market is not the growth of the number of people, but the streamlining of personnel and the establishment of an effective regulatory system. In a word, it’s a win-win for both investors and the cryptocurrency ecosystem.
● While some experts regard the Bitcoin crash as a good thing for gamer only. As they say, the gamer have been waiting for this crash during the past 2 years. They see the Bitcoin crash as a merely lucky break.
Will Bitcoin Market Bounce Back after be crashed
Obviously, this is the most concerned suspension in the whole Bitcoin crash. According to an analysis, the Bitcoin market is the most likely one to survive, for it is the most original cryptocurrency and it has its history in this crash before. After all, history is the best teacher. It will finally meet its Spring after going through its winter. However, this time could be difficult.