Veterans Say Bitcoin’s Recent Drop Is No Reason to Panic

Apr 24, 2018

Bitcoin will mark 2018’s first quarter as its worst ever.  The world’s top cryptocurrency dropped significantly standing at $6,782.64.  While newbie’s in the financial world may panic or even choose to liquidate what’s left of their Bitcoin investments, a recent forecast by financial experts from howmuch.net indicate that the popular cryptocurrency may make an unexpected comeback.

According to the financial website, Bitcoin has gone through several awful crashes, and these fluctuations show how volatile the crypto is.

But this last crash seems to be a big blow to investors; others even think the end days are near for Bitcoin.  Major investors have shown concerns that this crash may be a sign the cryptocurrency is facing a new normal. On the other hand, howmuch.net in a blog post, urged merchants to step back and review Bitcoin’s current state in comparison to its past. And though it is true Bitcoin has plummeted several times in the previous years, what’s it’s relation to past downturn.

The above is an illustration of the many other times Bitcoin fell.

You don’t need a second look to tell that Bitcoin has indeed been resilient. Though you may worry about the fluctuations and wonder whether investing in Bitcoin is worth the effort, enthusiasts see profits in the struggles.

The above analysis shows that since January 2012 Bitcoin has faced thirteen major crashes or corrections including this last nosedive. Losses have hit lows and high at 30% and 87% during these drops.

The point is; crashes are part of the crypto market. And veterans are requesting that we rely on data in tough times, rather than being swayed by emotions. Don’t also follow the footsteps of the investors that left. Maybe they had no business getting involved Bitcoin. And while the present lows could last some time, things may get better soon.

Conclusion

It’s not yet time to panic, Bitcoin merchant account holders should stay put, as we anticipate better results in the near future.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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