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Reasons Why 2019 May Be A Great Year For Crypto - Global Coin Report
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Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being in May 2018.  However, the downward trend returned every time, and it still affects the coins, even now.

Some analysts believe that this is a natural part of the crypto cycle, which coins appear to follow if left alone and not influenced by important events. The cycle brings positive and negative trends equally, and according to complex calculations, it is possible that the bearish influence will soon disappear to be replaced by a new rally. It should also be noted that researchers have predicted another big drop before this happens, however, but the start of a new bull run could definitely be seen at some point in 2019.

2) Resolving scalability issues

As most people familiar with the crypto space are already aware of — scalability is quite a big problem for a lot of coins. It has been ever since Bitcoin was created, and it mostly affects the old coins with the most influence. Bitcoin, for example, suffers from scalability issues more than any other coin, Even now, it can only handle several transactions at once, which leads to long waiting periods for new blockchain-based payments, as well as larger fees.

Fortunately, solutions for scalability problems have been in development for several years, and one of the most promising ones is Bitcoin Lightning Network. When the development is complete, BTC blockchain will receive another layer where traders can make smaller payments without having to record them on the blockchain. The number of transactions will be significantly reduced, and the chain is expected to be able to handle the rest of the transactions with much more efficiency.

3) Attracting institutional investors

Cryptocurrencies managed to come to life and develop to this point without any support from the banks, governments, or large companies. While this is an impressive feat, the lack of support and involvement from established institutions is a large problem on digital currencies’ way of going mainstream.

Attracting this type of support means getting institutional investors interested in crypto. However, they will only approach the crypto space if there are safe ways for them to trade. The lack of proper banks and regulations, combined with high risks of losing their funds to hackers and vulnerabilities has prevented investors from wanting to hold crypto themselves. However, if they could benefit from cryptocurrencies without actually owning them, most of the issues would disappear.

This is why Bakkt Bitcoin Futures exchange and Bitcoin ETFs are so important — they can encourage institutions to join the crypto space, and invest in it. Since institutional investors are known for having the majority of money used for investments, the cash flow alone could be the cure for some of the issues crypto has right now. And, while this was already supposed to happen in 2018, several delays have brought the launch of Bakkt and BTC ETF approval to early 2019.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet

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bearish
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Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over

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Kardiachain
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Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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