Why is #Bitcoin dropping & How can I get into the #crypto game for FREE?
Wow, what a week for #cryptocurrency and #bitcoin? It lost about 70% of it's value this week. I see this as an opportunity to get in the crypto game with potential large upside.
In this article, I discuss some factors for why it fell, will it come back, and how you can get into the bitcoin game for free.
Why did it fall?
- Monday's Market Sell-Off: The S.&P. 500 had its biggest one-day drop in more than six years. The Dow Jones industrial average fell more than 1,000 points, its biggest point drop ever.
- Tether or Bitfinex Could be Guilty of Fraud: #Tether sold to the exchange #Bitfinex so essentially they are now the same entity. Did they manipulate the market using fake money to buy BTC? Bitfinex could create USDT at will and use it to buy BTC on their own exchange. Read more here from the Crypto Inferno on Telegram.
- Banks Blocking Bitcoin Credit Card Purchases: It looks like JPMorgan Chase, Bank of America, Citi and Capital One are all currently prohibiting people on #Coinbase from using their credit cards to purchase #cryptocurrencies. They fear that users may run up debt if the prices of cryptocurrencies drop.
Will it come back?
Being in the crypto game is like being on a wild roller coaster ride. You gotta be willing to take the highs with the lows and not come from a position of fear. There are some signs for new market demand:
- Over One Million People are Waiting in Line to Trade Crypto on #Robinhood: The brokerage app had over one million people sign up for "early access" to trade digital coins at no-cost. It looks like trading will begin in February. Read more here from Bloomberg.
- All Markets Experience Volatility: The crypto-markets are extremely volatile and as an investor, you often have to look beyond the initial panic of a large price drop, not let emotions get in the way and look at the long-term likelihood of a positive return.
How do I get #Bitcoin for free?
I am a long term believer in the power of #blockchain and #crypto, so as a serial entrepreneur I co-founded the company iConsumer so that people can get free Bitcoin for shopping online. There is no cost to join and you get free Bitcoin when you shop online at stores like BestBuy, ebay, Overstock, Petco, and Sephora.
Plus you also get great deals and earn shares of stock in iConsumer. It's a completely new way to create a company and that's what makes it so exciting. Every member of iConsumer is a shareholder and Bitcoin owner. #GetYourShare #GetBitcoin.
At iConsumer, we are thrilled to launch our new Refer A Friend program today! You get $5 in Bitcoin (BTC) and 5% of your referred friend’s BTC shopping earnings FOR LIFE.
Regio Directeur bij CSU
6 年Remco Heijman