A hard fall
Many uneducated cryptocurrency investors lump the major market players — Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and possibly Bitcoin Cash (BCH) — into the same category, even though there are fundamental and core differences between these cryptocurrencies.
That group, according to Linda Butcher, co-founder of Rewards Blockchain LTD., is often believed to be on the verge of collapse.
However, for the savvy, tuned-in investor who pays attention to more than just the ignorant mainstream media outlets and videos from view-hungry YouTubers, it’s fairly evident the said collapse has already happened.
Image courtesy of CoinMarketCap.com
At press time, Bitcoin is down 19.84 percent. Meanwhile, Ethereum is down 24.37 percent, Ripple is down 20.89 percent, Bitcoin Cash is down 29.98 percent, and Litecoin is down 26.39 percent — and that’s just in the last seven days. When compared to each cryptocurrency’s all-time high only a few months earlier, the losses are astronomical.
Bottom Approaching
That isn’t to say that the major market players in the …
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