What if someone said, “Bitcoin hitting rock bottom is a good thing.” You would think they’re insane right? Well, now hold on a second. Perhaps there is a silver lining to this statement that we haven’t thought of yet. The Winklevoss twins certainly think so. So let’s find out why a bitcoin rally at this point in time is actually not a good thing.
BITCOIN RALLY IS BAD; WINKLEVOSS TWINS SAY WAY
Before we dig into the dirty details of this topic, let’s start off with an analogy. For drug addicts to seek rehab, they first must hit rock bottom. You could say the same about the crypto market. Many crypto enthusiasts want a bitcoin rally and they want it now. But that’s not necessarily a good thing. Why? The market can not rehabilitate without hitting rock bottom first. The only questions now are, when is rock bottom? Let’s see what the Winklevoss twins have to say on that.
WINKLEVOSS TWINS SAY BITCOIN RALLY SHOULD BE CALM
The Bitcoin rally of 2017 was chaos. Pure chaos. People were throwing everything they had at this market just to cash in on some quick profits. Everyone knew this was not a healthy nor sustainable approach to crypto and as a result, the market collapsed. That’s why the Winklevoss Twins and their crypto exchange Gemini are taking a new approach to crypto. Regulation is the key term of 2019. Once thought as the enemy of crypto, regulation will bring forth transparency that will help nurture this young market. The next time a bitcoin rally comes, it will not be chaotic. Instead, it will be a slow, regulated and gradual climb.
PREPARE FOR WINKLEVOSS BITCOIN RALLY
If these alleged experts are right, then it means we have plenty of time to prepare for the next rally. But don’t sell your portfolio off now. This is the perfect time to diversify and HODL on for dear life. Therefore, utilized crypto lending platforms to your advantage.
YouHodler, for example, offers BTC, BCH, BSV, ETH, XRP LTC and more as collateral options. You can get up to $30,000 in cash without having to sell your crypto. Use this money for hedging your portfolio before the next crash. On the other hand, you can use it to prepare your portfolio for prime profit on the next rally. If you’re a miner, then take out a loan to pay business expenses and keep your operation afloat.
There are many reasons to utilize crypto lending platforms and now is the perfect time to do it. So visit their site today to learn more, sign up and receive a loan in minutes.