Can we predict the future? Or Shall we follow all the crypto market signs? Let’s secure our trading with IC.September 20, 2018
Economic markets have a custom of not shifting in straight, vertical positions. They raise in price suddenly and then experience a brief period of decrease as traders sell off their positions, followed by another raise and decrease. The market comes up and down clearly when looked at from a long-term time-frame, but when you are trading hour by hour, they cannot afford to watch a losing position fall further and further into loss.
Market way was a clear warning sign for investors. Market way is crucial and lets you know whether you should be looking to purchase coins, take profits or move to cash. In a confirmed uptrend, most coins/tokens are likely to increase and leading coins are more likely to deliver huge gains. In a bear market, even top-rated projects find it hard to make headway. When the market is under pressure, breakouts may happen but are more likely to fail, and other leading coins struggle.
There are several likely reasons behind the decrease. Goldman Sachs has been one of the major banking institutions which had showed real interest in Bitcoin, having funded Bitcoin startup Circle back in 2015, and reportedly mulled the idea of launching a crypto trading desk since late 2017. While the concern that institutions are mislaying interest in cryptocurrencies is a valid enough reason for caution, crypto traders become visible to be more concerned about dangers hiding in the shadows of black-market platform Silk Road. A Reddit user has pursued more than 111,000 thousand bitcoins (worth more than $700 million) associated with Silk Road, that have recently been transferred to wallets of various online exchanges, possibly with the purpose to sell. Huge amounts of bitcoins being moved to exchange wallets give traders the shakes, as it likely means a lot of selling pressure on the price. In any case, the crypto market’s upward momentum that started August has been brought to a screeching halt. The crypto world is still eagerly awaiting SEC’s decision on a few proposed Bitcoin ETFs, which should come in late September, A positive ending to that could finally give the crypto market the kick in the butt that it needs, while a negative one would likely drive the prices even lower
We look at history when we intend to make a prediction about future events. Have there been any similar incident in the past? How did the incident end? Many people believe the future can be predicted partially. In late 2013, The price of Bitcoin went from $100 to about $1,000 after a series of very positive events (culminating in the famous Bitcoin Lovefest Senate Hearing). Many of the current cryptocurrency blockchain founders were apart of the industry, but only really got serious about the industry after this event. What followed this was a long bear market that didn’t fully bottom out until January of 2016, and didn’t fully recover until 2017. While the industry kept active and continued to innovate, the market didn’t reflect this change until 2017.bIf we look at what the overall market looks like today, it’s easy to see a resemblance to this event I’m not one to rely on similar looking charts to make decisions about a market, but the circumstances and the subject matter are too similar to chalk up to coincidence.
INGOT Coin (IC) aims to integrate the traditional financial industry with the blockchain innovation by offering a complete Ecosystem that provides crypto holders the access to all financial services. The first of all-inclusive Ecosystem will be the pioneer in linking the crypto universe to the current traditional world. INGOT Coin will comprise an unique solution by integrating 6 basic components of financial ecosystem and providing a one-stop-shop for the digital asset, traditional asset and currency markets to solve challenges by creating a link between the crypto market and the traditional market. The IC Ecosystem will establish 6 different components to work hand in hand under one umbrella, proving all community members the chance to capitalize on upcoming opportunities in all markets. The Ecosystem’s components, as shown below, are the IC Wallet, IC Exchange, IC Brokerage, IC Digital Bank IC Certifier and IC ICO Accelerator.
INGOT Coin aims to create an unprecedented, a first-of-its-kind revolutionary ecosystem based on Blockchain technology that will link newly developed crypto markets with the currently existing financial markets eliminating inefficiencies, while providing a one-stop ecosystem that enables participants to perform and execute transactions according to their financial needs. Among that background, they are constantly hard at work, try to intensify the formation and reach of INGOT Coin throughout the world. INGOT is creating an interrelated global community of trust and collaboration with its highly obvious platform. INGOT is balanced to give power back to the people by making them take total control of their finances.
To learn more about INGOT Coin, visit: www.ingotcoin.io