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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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Bitcoin

Why Bitcoin Price Remains Stable Before the Expected Hike

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The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

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Stanford Lecturer praises XRP over Bitcoin

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The world of cryptocurrencies continues to cause controversies even now, particularly when it comes to matters such as the superiority of one coin over others. According to recent reports, one student from Stanford University has stated that one of Stanford’s guest lecturers — Dr. Susan Athey — bashed the first and largest cryptocurrency, Bitcoin, while praising XRP.

Does guest lecturer go anti-Bitcoin?

In late February, Stanford’s student called Conner Brown came out publicly with a claim that Athey described Bitcoin’s network and protocol inaccurately, and that she also used the opportunity to make unfounded criticism. Athey, who also sits on Board of Directors at Ripple Labs — XRP’s parent company — supposedly also stated that XRP provides solutions to all issues mentioned in regards to Bitcoin.

According to Brown’s comments on the matter, the lecture in question took place over a month ago, and after attending it, he wrote an open letter to Standford, explaining the incident. In the letter, Brown claims that Athey inaccurately presented Bitcoin’s consensus protocol and overstated several issues, such as the threat of a 51% attack on the coins network, as well as Bitcoin’s mining centralization.

However, the main problem with the lecture, as Brown sees it, is the professor’s claims that XRP presents a solution to these problems.

The claims caused Dr. Athey to respond publicly via Twitter, stating…

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Bitcoin Chasing Green — First Positive Month Since July In Sight

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The crypto market has started seeing gains in mid-February, with Bitcoin (BTC) following the bullish trend as well. In fact, the largest coin was on its way of seeing the first positive month since July of the last year. Even though its price was struggling to permanently overcome the major resistance at $4,000, the coin kept trying, and as long as its price doesn’t drop below $3,414, this goal can still be achieved

The return of the bearish trend which briefly overtook the market on February 24th caused a lot of damage, although Bitcoin managed to remain above $3,800. Following the crash, BTC started seeing minor gains once again, indicating that the bears have withdrawn for now.

What does the future hold for BTC?

As mentioned, Bitcoin can only complete a positive month if its price remains above $3,500 until the end of February. At the time of writing, the price sits at $3,807 according to TradingView, with an increase of 0.58% in the last 24 hours. As things are right now, it is likely that BTC might succeed in doing this, as its price performed relatively well ever since January 11th, even though it remained between $3,300 and $3,700.

Chart courtesy of TradingView

The recently-emerging bullish trend took it beyond this, and while the price…

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