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Is Bitcoin finally becoming money?

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As we all know the current year has been terrible for the cryptocurrency market. After reaching 19,783 USD, Bitcoin has kept falling down and it’s at 6,487 USD at the time I write this. That kind of loss in value doesn’t seem like a great thing, but is it really that bad?

Over the last month, something happened to Bitcoin that is making even traditional investors notice it: it’s been stable. It’s been in between 6,200 and 6,600 for a full month, which means it’s been even less volatile than the stock market and most of the world’s fiat currencies. And that is a good thing.

For the first time in its short history, Bitcoin is showing signs of achieving stability which was one of the main criticisms held against it by detractors. It’s gone low all year for sure, and it’s been driving the market down. But there’s just a slight possibility that this is where the market should have been from the beginning, and that it’s found the level at which it can remain stable and reliable. And that would be the point in which traditional (and, usually, fearful) investors come in and start driving the market up again slowly but steadily?

How do we know all this? Well, the charts are there, for a start. But there is also an interview with Michael Moro, CEO of Genesis that was broadcasted by CNBC recently. Genesis is a company that gives out loans in digital assets and he had a lot to say about the current market both for loans and for cryptocurrencies.

For a start, Mr. Moro was very clear that Bitcoin still reigns supreme in all markets. Most of Genesis portfolio is indeed Bitcoin (60%) with Ripple’s XRP second at 18%. He then explained that many of those loans are used to short-sell Bitcoin, which is what has been happening all year thus driving the prices down. He also said that shorters are correcting their postures now, according to market behavior, and are buying back in.

It’s too soon to say that the market crisis we’ve seen since last December is over (but we’ve reported many times on signs of an imminent bullish run). Beyond that, the stability the market has seen recently has always been one of the signs that traditional financial analysts have been waiting to give the crypto market a vote of confidence. And it could be that stability has arrived at last.

When Mr. More was asked “Is Bitcoin digital gold at last?” he answered without hesitation that it’s not yet, but it’s on its way to be. And that is a lot more likely that the token will reach 10,000 USD before it reaches 5,000.

This is all good news. The cryptocurrency markets in the world are finding organic ways to become stable, even if it’s happening at low prices and many traditional institutions (even in Wall Street) are starting to go into Bitcoin and the cryptosphere in general, and see how it goes, which was just unthinkable a few years ago.

So make no mistake, the Bitcoin game is a long-term game, don’t let a run of low prices (however long it could be) throw you off. Cryptocurrencies are gaining mainstream adoption slowly but surely, and the market is now even tamer than the stock market. We’re all on the right path. Patience is the key.

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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

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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