Is there a way to profit from Bitcoin’s 50% drop?
Bitcoin has lost nearly 50% of its value over the last 5 months. But should we be expecting it to fall even further and how do we spot the first signs of growth in time to make a profit?
What is going on with Bitcoin prices at the moment?
This summer, the flagship cryptocurrency reached a $13,800 high for the year. However, in mid-November 2019, Bitcoin plummeted by 38% to around $8,500. That said, despite all the technical indicators pointing to a drop ahead, many market participants are still anticipating more growth. In fact, Fundstrat founder Tom Lee has even predicted that BTC could get back to its historic highs of $20,000 by 2022. Meanwhile, analysts on Wall Street are saying that the original digital currency could reach $25,000 if it can get to 1 billion users. On the other hand, trader/analyst Benjamin Blunts is much more conservative in his outlook, predicting that the cryptocurrency will rise to $12,000 over the short term.
How to make money on falling prices
If you want to avoid missing out on your chance to earn, you’ll need to keep a close eye on all the latest crypto news and conduct regular market analyses. However, this will invariably require you to invest a significant amount of your time.
Haven’t got the time or energy to wrestle with the complexities of market behavior? Well then, you might want to consider signing up for a special service that will do all the hard work for you. Trading signals from the StormGain cryptocurrency platform could be just what you’re looking for. The company’s special algorithm is able to simultaneously track and interpret a wide variety of market factors. Once it has assessed the current market situation, the system will then send a message to its subscribers, detailing the ideal entry and exit points. And if that wasn’t enough, trading signals also tell you the optimum trading parameters (volume and multiplier). All you have to do is click the “use recommendation” button and then confirm the trade.
To take advantage of this service, simply open a StormGain account and deposit some funds into it. Just enter your name and email address on the registration form. Thanks to our debit/credit card deposit feature, it’s quick and easy to get your hands on cryptocurrency, even if you have no previous trading experience. Open your very own StormGain account now and start trading today for a chance to make money on price fluctuations, before it’s too late!