There’s a lot of confusion in the crypto world right now. Prices fluctuate, and people aren’t quite sure what to do. In this article, we’ll analyze what’s happening with the market, why it’s happening, and which cryptocurrency is worth buying during the crash.
What Caused the Crypto Crash?
It’s not confidential that the cryptocurrency markets have been in a bit of a slump lately. But what’s the cause of all this crypto carnage? Let’s take a look at a few possible reasons.
1. The Chinese government crackdown on cryptocurrency trading.
It is probably the most likely reason for the recent crypto crash. China has each time had a love-hate relationship with Bitcoin and other cryptocurrencies. However, the Chinese government has been breaking down on cryptocurrency trading over the past few months. It has caused a lot of market uncertainty and panic, resulting in a sell-off.
2. Regulatory uncertainty in the United States.
Another possible reason for the crypto crash is regulatory uncertainty in the United States. The SEC has been dragging its feet on approving Bitcoin ETFs, and there’s also been talk of more stringent regulations on cryptocurrency exchanges. It has generated an environment of uncertainty, which has led to investors selling off their holdings.
3. Mt. Gox bankruptcy proceedings.
The ongoing Mt. Gox bankruptcy proceedings could also be to blame for the current crypto crash. As one of the world’s largest and most influential Bitcoin exchanges, the Mt. Gox proceedings have had a significant impact on the broader crypto market. In addition, the trustee overseeing the bankruptcy proceedings recently revealed that more than 200k BTC and an additional $2.1 billion in BCH and other cryptocurrencies were found in late 2017. This fund discovery has been driving the cryptocurrency markets for several months. Still, investors are losing patience waiting for the distribution process to be finalized.
4. Regulatory clampdown in significant markets such as South Korea, Japan, and India.
Regulators worldwide have started clamping down on digital currencies by imposing stricter rules and regulations on cryptocurrency exchanges and ICOs to ensure investor safety. South Korea was one of the initial countries to put new regulatory measures into place, which many other countries have now adopted. China and India have also ceased ICOs and exchanges. In contrast, Japan has just recently begun the process of introducing new regulatory measures.
5. Lack of trust in centralized exchanges where cryptocurrencies are traded.
One of the top selling points for cryptocurrencies is offering a decentralized, trustless trading opportunity with no central point of failure. However, cryptocurrency exchanges are still vulnerable to security threats and hacks, as was seen only last week when Japan’s Coincheck exchange suffered a significant hack that resulted in the loss of NEM tokens worth more than $400 million at their current market rate.
How to Trade During the Crypto Crash?
With prices falling, the current crypto crash has been hard on many traders. However, there are still opportunities if you know where to look. This blog post will give you tips on how to trade during the crypto crash and which coins to buy during this period.
First off, it’s essential to stay calm during the crash. Many traders mistake selling all their positions when prices start falling. It is the wrong approach, as you’re likely to sell at a loss and miss out on potential profits when prices rebound. Instead, it would help if you were looking to buy during a crash, as prices are usually at their lowest during this period.
It would help to look for a few things when identifying which coins to buy during a crypto crash. First, look for coins that have solid fundamentals and are still being actively developed. These coins are more likely to rebound quickly after a dip in price. Second, look for coins with low market caps and high trading volumes. These coins are often more volatile and can provide opportunities for quick profits.
Finally, don’t forget to set stop-loss orders when buying during a crash.
Which Coins to Buy During a Crypto Crash?
When the crypto market crashes, knowing which coins to buy can be challenging. Nonetheless, here are a few key things to consider when choosing which coins to invest in during a market crash:
- Consider the fundamentals of the coin. What is the project trying to achieve, and does it have a strong team behind it?
- Focus on the price action of the coin. Has it been volatile, or has it held its value relatively well during previous market crashes?
- Consider the sentiment around the coin.
Are people still bullish on it, or have they lost faith in it? If you can reply to these questions, you should be able to find a few coins that are worth buying during a market crash.
Here are our options for buying the top five cryptos during the crash.
Tamadoge (TAMA)
Defi Coin (DEFC)
Battle Infinity (iBAT)
Bitcoin (BTC)
Ethereum (ETH)
Tamadoge (TAMA)
The Tamadoge blog is an excellent resource for staying up-to-date on the latest news and developments in cryptocurrency. In addition to providing timely updates, the blog offers insights and analysis on the current state of the market. For example, recent posts have discussed why the prices of Bitcoin and other digital assets have been falling and which cryptocurrencies are worth investing in during this period of market uncertainty. Whether a beginner or a seasoned investor, the Tamadoge blog is valuable for anyone interested in tracking the crypto markets. It’s tough to predict the future. I’m not saying bitcoin and cryptocurrencies are going to go away. They could grow like nothing we’ve seen before. But, they could just as quickly grow like nothing we’ve seen before and then fade away. If they do achieve it, it will probably be at a rate far slower than your average stock market growth.
To try arbitrage, you require to get Bitcoins almost instantly. One or two sites where you don’t need to sign up are bit4coin. However, suppose you spot an opportunity and want to act on it immediately. In that case, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable. But start cautiously, as it does require some experience.
DeFi Coin (DEFC)
If you’re looking for a solid investment during these turbulent times in the crypto world, look no further than Defi Coin. DEFC is down like the rest of the market, but it has a lot of potentials to rebound and provide investors with healthy returns. Here’s why:
Defi Coin is a platform that enables users to trade cryptocurrency without going through a centralized exchange. It means that users can remain anonymous without worrying about their personal information being compromised. In addition, Defi Coin offers a variety of features that make it an attractive investment option.
Some of these features include:
-A staking program that allows users to earn interest on their holdings
-A lending program that gives users the ability to earn interest on their loans
-An arbitration system that helps resolve disputes between parties
These are just a few reasons Defi Coin is an excellent investment during this time of uncertainty in the crypto market. So if you’re considering for a safe and reliable coin to invest in, look no further than Defi Coin!
Battle Infinity (iBAT)
IBAT is a utility-based crypto token that is gaining popularity among users. To provide value addition to IBAT holders with every listing and new partnership, PancakeSwap has listed iBAT. This partnership will help the company’s community and all interested in playing fantasy games quickly get their hands on IBAT tokens. The users can use them for their bets and win some handsome rewards. PancakeSwap is a decentralized platform that is built out of Ethereum. It gives users power.
Bitcoin (BTC)
Bitcoin (BTC) is down, but don’t worry! It is just a natural part of the market cycle. Prices will eventually rebound, so staying informed and making intelligent investment decisions is essential.
Bitcoin is a cryptocurrency and a payment technique invented by Satoshi Nakamoto. Transactions are confirmed by network nodes through cryptography and recorded in a dispersed public ledger called a blockchain. Bitcoin is particular in that there are a limited number of them: 21 million.
Bitcoins are generated as a reward for a process known as mining. They can be changed for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Ethereum (ETH)
If you trust in the long-term potential of Ethereum (ETH), then now could be an excellent time to buy. However, it would assist if you always did your research before investing in any cryptocurrency.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
Ethereum is down because the demand for Ethereum has decreased. The decrease in order is due to the ICO crash and the general bear market. However, Ethereum is still one of the most popular cryptocurrencies, and it is still possible to make money by investing in Ethereum.
Conclusion
The crypto market is downwards, but that doesn’t mean it’s time to give up on digital currency. On the contrary, it could be an outstanding opportunity to buy into the market at a lower price. But which crypto should you buy during the crash?
Well, that depends on your investment goals. If you’re looking for long-term growth potential, you might consider investing in Bitcoin or Ethereum. However, suppose you’re more interested in short-term gains. In that case, Tamadoge, Lucky Block, and Battle Infinity might be a better option.
No matter which currency you choose, remember to do your research and invest responsibly. And who knows – maybe the next big crypto boom will start right after the crash!