Bakkt Launch: YouHodler Turbo Loans and High LTV Give You a Chance to Profit
Bakkt is coming soon and all eyes are on Bitcoin’s price. Will it take off into the stratosphere, or will this hype simply fizzle out with no market effects whatsoever? Predictions aside, there is one thing we can all agree on and that’s chance. There is always a chance Bitcoin could benefit from the Bakkt launch and if it does YouHodler’s high LTV and tools like Turbo Loans can ensure you are prepared.
Does Bitcoin build up point to “Bakkt revolution?”
Unlike other major events in blockchain history, there is hard data supporting the theory that Bitcoin will react positively to the Bakkt launch. Looking at hashrate, one can see Bitcoin is achieving all-time highs. Hashrate is the heartbeat of proof-of-work (PoW) chains and can determine just how secure a given network is. As seen in the image below, Bitcoin’s hash rate remained at 87.48 EH/s as of September 20, 2019. Just two days before that, it hit a new peak of 102,848 EH/s, smashing the previous record.
Simply put, this indicates Bitcoin mining is becoming profitable again and if this trend continues, BTC’s value could potentially increase once Bakkt launches, sending droves of people to the new exchange to buy BTC.
Bakkt and Bitcoin growth operating together?
With big names like Microsoft, Starbucks, BCG and more backing Bakkt, crypto enthusiasts are excited to see a new exchange that hopefully will not be plagued with pump and dump schemes, front running and overall sleazy market manipulation techniques. Bakkt will be the very first exchange that allows Bitcoin futures for both daily and monthly settle futures contracts. Strangely enough, the price of Bitcoin seems to be tied with the release of Bakkt as it gets closer to the launch date. Take a look at this chart for example:
Up until today when Bakkt launches, Bitcoin is showing a lot of uncertain behavior. The symmetrical qualities of this chart make it hard to predict exactly what will happen. However, there is always the element of chance.
It’s always better to have a chance for success then no chance at all
One factor we can all agree on regarding Bitcoin’s price and Bakkt is the factor of chance. There is always a chance Bitcoin’s price could increase dramatically from this news. It has happened in the past when the project was first announced, when Microsoft got behind the project and other events. Yet, how does one prepare for this chance?
Respected derivatives trader and author Nassim Nicholas Taleb mentions the solution for investing in chance by saying “if you know that you are vulnerable to prediction errors, and accept that most risk measures are flawed, then your strategy is to be as hyper-conservative and hyper - aggressive as you can be.” This is where YouHodler comes in.
With LTV as high as 90%, users get more money for their collateral. More money means more capital to be aggressive. More money to buy as much BTC as one can afford to lose with the hopes of those assets increasing in value. In addition, YouHodler’s Turbo Loans automatically takes a user’s funds from one loan and uses that to buy more collateral to use in another loan and so on, automatically repeating this process up to 5 times in just one click.
Both tools can help you take hyper-aggressive market movements for profit and invest in more BTC for a cheaper price. So, if you believe there is always a chance for success, head to YouHodler.com today and let us help you potentially capitalize on that chance.