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3 Good Reasons Why You Should Buy Bitcoin Right Now

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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.

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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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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