Earn money in the midst of the crypto market collapse with the PrimeXBT trading platform!
Press release – The collapse of the cryptocurrency market in 2018 may seem unprecedented, but it is not the first time that a similar downfall has occurred in the history of Bitcoin. For seven years, the digital asset overcame periods of ups and downs, causing many crypto enthusiasts and investors to earn and lose money invested in cryptocurrencies.
Bitcoin collapse
The first Bitcoin collapse, the strongest one to boot, occurred in mid-2011. From January to June, it showed excellent dynamics and grew from $ 1 to $ 32. However, on June 19, 2011, the Mt Gox cryptocurrency exchange was hacked, and the coin “collapsed” more than 320 times in an hour, reaching 10 cents!
The second significant value depreciation occurred in 2013. Between January 1 and April 9, the Bitcoin rate rose from $ 13 to $ 230. The cumulative increase was 1769%. Then, after only seven days, a DDoS attack took place on the Bitcoin network. The cost of the cryptocurrency fell to $68.5, the equivalent of 3.3 times.
Between July 5 and December 12, 2013, the Bitcoin rate increased from $68.5 to $1,237.5, over 1800%. This was followed by a series of events such as a ban on crypto transactions in China, the closure of the Mt Gox exchange, and the emergence of the Bitcoin as property tax in the United States. Those scenarios led to another collapse: on February 21, 2014, the value of Bitcoin had dropped to $111.5.
Throughout 2014, the price of the world’s premier crypto asset was extremely unstable, reaching $600 and falling to $200. The 2015 – 2017 period can be considered the quietest one of Bitcoin’s life: the value of the coin gradually grew and reached $1,000 over two years.
In 2017, the so-called “cryptocurrency boom” followed, with Bitcoin and other altcoins’ popularity rising through the roof. During the year, the cost of Bitcoin increased 20 times, from $1,000 to $20,000, showing an aggregate increase of 2,000%.
The outcome of the cryptocurrency “fever” was increased attention and numerous restrictions imposed by regulators in the United States, China and some prominent states. The harsh rhetoric of regulatory agencies and the subsequent sales of cryptocurrency led to a fall of Bitcoin: it lost 5.5 times its value, reaching the $3,800 level by the end of 2018. That was the fifth and final collapse.
The outcome of the cryptocurrency “fever” was increased attention and numerous restrictions imposed by regulators in the United States, China and some prominent states. The harsh rhetoric of regulatory agencies and the subsequent sales of cryptocurrency led to a fall of Bitcoin: it lost 5.5 times its value, reaching the $3,800 level by the end of 2018. That was the fifth and final collapse.
PrimeXBT
After analyzing the events that have taken place in Bitcoin’s life, we can safely assume that the current bearish market is neither the first nor the last nor the largest, having witnessed the effect of the 2011 and 2014 collapses. Many crypto enthusiasts and investors earned big money in times of growth, but they also lost when the market went down. Belief in technology supports the positive attitude of crypto investors during the crisis, but the invested capital in cryptocurrencies must be protected and hedged.
Cryptocurrency sales on traditional exchanges are limited by the size of the available funds on the account, or by small leverage, which does not allow to fully earn or hedge risks at the time of a market collapse. In fact, investors have no tools for making a profit in a falling market. The PrimeXBT trading platform provides investors with a 1:100 leverage, including placing orders for sale, which makes it possible not only to protect the funds invested in cryptocurrency during the collapse of the market but also to make a profit.
Since the cryptocurrency market is very volatile, the exchange rate can drop in a matter of minutes. It is essential for the investor to quickly respond to the current situation and be able to operate with any amounts and with no restrictions. Unlike cryptocurrency exchanges, where registration is delayed for an indefinite period, the process takes no more than a minute on the PrimeXBT platform since there is no user verification procedure (KYC).
Aggregated liquidity from 12 suppliers forms the best price to enter the market, without delays and restrictions on the volume of trading operations. Thus, the platform quickly brings an investor to the market, with any amount of existing assets.
Additionally, the PrimeXBT trading platform can offer:
The PrimeXBT platform opens up opportunities for crypto investors to earn in a falling market and level out the actual losses in the value of assets, by placing sell orders with 1:100 leverage, an offering that no trading platform can match.
Thanks to marketplaces such as PrimeXBT, investors are no longer held hostage by landslides in the cryptocurrency market and have a unique opportunity to earn and save capital.
Exactly how much could a beginner earn on a market crash, having $100 at his disposal with PrimeXBT’s 1: 100 leverage?
That is the amount that a novice trader on the PrimeXBT had the chance to earn, just y taking advantage of the platform’s 1:100 leverage and by having $100 in his or her pocket, during the 2018 crypto collapse. Impressive, huh?
Read more about PrimeXBT >> Cryptocurrency margin trading on Prime XBT: get profit on falling markets
Disclaimer: this sponsored post is part of a content partnership between Bitcoin Magazine NL and PrimeXBT. Bitcoin Magazine NL does not give any financial advice. This above information is only for educational purposes. Trade in cryptocurrencies is at your own risk.
