Connect with us

Bitcoin

3 Good Reasons Why You Should Buy Bitcoin Right Now

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

After months of Bitcoin losing its value, and especially after the mid-November market crash — traders and investors are starting to wonder if the coin is worth investing in it. While the situation is not especially encouraging at this point, there are many that believe that now is the best time to buy Bitcoin. There are several reasons why, and we will now explain the three biggest ones.

1) Solving the scaling issue

Bitcoin is and has been, the number one coin in terms of value and size of its market cap for an entire decade now. During that time, it has proven to be extremely reliable, with the last known flaw in the way its blockchain works being removed in 2013. Of course, this is not the end of its design issues, and scalability has always been among the biggest ones.

Bitcoin can only handle several transactions per second, which has been a problem ever since it became popular. While there are numerous coins out there that were created with a goal of solving this issue right at the start, BTC developers did not waste time either. As a result, they came up with the Lightning Network, which has the potential to be a perfect way to bypass the problem.

In short, the LN provides another layer to the BTC blockchain, where users can establish tunnels among one another, and use these tunnels for sending countless transactions which will not have to be processed and recorded on the blockchain. Only after the tunnel is closed will the final state of things be solved, which can cut the number of transactions exponentially. Furthermore, the LN will serve as a network of tunnels, meaning that, once enough of them come to be, there will be no need for everyone to establish a direct connection to another party.

The solution is more than decent, quite imaginative, and very practical. The best part is that it can solve one of Bitcoins’s biggest issues, and it is about to arrive.

2) Institutional money is about to arrive

The crypto space is suffering from a very significant issue, which is the lack of institutional investors. These are the biggest investors out there, and they possess enough money to bring stability to the crypto market. However, they are troubled by issues such as regulatory uncertainty, cyber-attacks and theft, as well as cryptocurrencies’ actual use cases.

To help them overcome these concerns, there are several events that are expected to take place in early 2019, such as the launch of Bakkt exchange — which is backed by very influential names such as Microsoft, Starbucks, and others — as well as potential approval of Bitcoin ETFs by the US SEC. Both of these events were already supposed to take place but were postponed due to a bear market, and an entire market crash.

However, once they do come to pass, likely in early 2019, institutions are expected to start making their first steps towards entering the crypto space. With it, the price of Bitcoin will likely rise again, slowly at first, but much faster later on.

3) Bitcoin is spearheading mass adoption

Bitcoin has been the biggest name associated with the term “cryptocurrency” due to multiple reasons, but mostly because it is the oldest, largest, most valuable, and still to this day — the most relevant cryptocurrency.

As such, Bitcoin is the main coin in transactions, on exchanges, and in online stores that are accepting crypto. Bitcoin is the coin that the entire world knows and respects, and the coin that is the leader of the crypto market, but also of the entire crypto adoption.

It is because of this that Bitcoin will never simply disappear, as it is too well-connected and too desperately needed for running the market. While this situation might change in the future, it will likely stay the same for years, if not decades to come.

Because of these and other reasons, investors are using the opportunity to buy the most expensive coin of the crypto market for cheap. If BTC history is anything to go by, the coin will return to greatness in due time, likely exceeding its previous all-time high and setting a completely new record, as well as an example for others to follow.

For real-time trade alerts and a breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Pexels

Bitcoin

What is Bitcoin IRA and Which Ones to Consider Using in 2019

Published

on

Bitcoin IRA
READ LATER - DOWNLOAD THIS POST AS PDF

As Bitcoin, and cryptocurrencies in general, continue to advance in the world of modern finances, many are finding new use cases for this form of money. Although cryptocurrencies still have limited use cases, many of them are finding new ways to be useful, which will give them an advantage and secure their long-term survival.

Bitcoin, for example, already has numerous use cases, including purchases of goods and services, crypto trading, loans, savings, and more. Another of its use cases includes individual retirement accounts or IRAs. Simply put, this represents an account that individuals can open at a number of financial institutions, and use it to save money for their retirement.

Many choose to open these accounts due to lower taxes, which allow them to save up more. IRA comes in several types, including traditional IRA, rollover IRA, and Roth IRA. Traditional IRA is as simple as it sounds — users simply open an account and start adding money that they can afford to deduct from their income.

Rollover IRA includes “rolling the money over” from the qualified retirement plan to the IRA, while Roth IRA allows users to deposit after-tax money which can then grow completely tax-free

Bitcoin IRAs work pretty much in the same way, except you deposit Bitcoin instead of traditional currencies. While some of the older, traditional IRAs have decided to expand their businesses in…

Continue Reading

Altcoins

Why BlocPal Is the Easiest Way to Accept Cryptocurrency

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
Continue Reading

Bitcoin

Bitcoin Grows Beyond $4,000

Published

on

Bitcoin grows beyond $4000
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

Continue Reading

Elite