Crashes, bubbles, and corrections are the current buzzwords surrounding crypto, with January’s dip now moving into February, the market is practically in a panic. Could this be the end of crypto’s meteoric rise? Ian King believes that crypto isn’t finished yet and that it will still be possible to cash in on the craze before the market stabilizes. As the crypto expert at Banyan Hill, he’d certainly be the one to know.
— Ian King (@IanKingGuru) January 9, 2018
The Recent Dip May Benefit Crypto as a Whole
It may not make much sense at first glance how a dip could be a good thing, but it has the potential to incite further growth in the crypto market. The dip is certainly no crash, and what it actually accomplishes is beneficial to the market in the long run. A dip like this may hurt crypto giants like Bitcoin and Ethereum, but it also kills off thousands of irrelevant altcoins riding the coattails of the giants, and flooding the market with low-value cash grabs.
A dip like this will clear the lower levels of the market, allowing innovative crypto assets with real-world applications to crop up now that the market is no longer flooded. This is, overall, a good thing for the market, as it not only diversifies the market but provides actual, tangible value that isn’t affected as badly by the crypto craze that took the market by storm.
Is This the End of the Crypto Bubble?
The market has seen tremendous growth over the past year, with some coins making gains in excess of 12,000 percent, and investors practically becoming rich overnight. If this sounds like a bubble to you, that’s because it is. Many believe that the recent dip signifies the end of it, but according to Ian King, they couldn’t be further from the truth. With Wall Street only now making crypto investments, and financial institutions finally hopping on the train, the crypto craze is only just now getting into high gear. While, eventually, the market will stabilize, and the speculative craze will die down, savvy investors haven’t missed the boat yet, and still, have the chance to capitalize on the insane gains of the crypto market.
At some point, however, the bubble will burst, and, while it won’t kill the market, and crypto as a whole will continue to prosper, a lot of investors are going to lose their stake. Ian King hopes to help as many investors as possible succeed where others will fail, and with his expertise in crypto, he may be able to help push many to success with his insight into the crypto market. Read this aricle:https://www.zerohedge.com/news/2018-01-08/bitcoin-end-beginning