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Bitcoin (BTC) Has Died A Shocking 309 Times

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The fake news that Goldman Sachs has shelved plans to open a Bitcoin (BTC) and Crypto trading desk has been solely blamed for the crypto market turmoil that begun on the 5th of September and managed to sort of stabilize on the 9th. Many crypto-traders and enthusiasts were heartbroken that such fake news could be paraded as facts. They felt betrayed. Some pointed out that it was a lesson for thinking Wall Street will take cryptocurrencies to the next market Bull Run. It is with the above turmoil that many had declared Bitcoin is dead once again.

Turns out this is not the first time the King of Crypto has died. Forbes magazine managed to inform us that there is a tracker for the number of times Bitcoin has been declared dead by the media. Turns out that counter is at 309 times as can be seen in the screenshot below.

BTC obituaries. Source, 99bitcoins.com

It is a bit hilarious when you think of it. After the smile, we realize that Bitcoin is not going anywhere. Neither is Ethereum, XRP or any of the other digital assets that have declined by large percentages in the last few days. As a matter of fact, if you are a seasoned trader, the current market decline is a normal occurrence from where you stand.

The author of the Forbes Magazine piece goes on to make light of the situation, for he too is a seasoned veteran of the crypto markets.

“The sense of urgency is everywhere I look. Bitcoin is dying, and it’s time to get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it’s seen so far and Goldman Sachs has delayed its much-touted roll-out of bitcoin trading.”

If BTC Can Survive the Mt. Gox Fiasco of 2013/14, It Will Be Fine

Many of us crypto enthusiasts can be blamed for being too nostalgic with regards to last year’s Bull run that had BTC touch the sky at levels of $20,000. Yes, we wanted the gains to continue but with every peak in any financial market, there is bound to be a fall in value.

One needs to only look at nature and observe how ocean waves travel. The key in crypto trading is to become one with the market turmoil as a surfer does when he balances his board on a magnificent wave that would scare the living daylights out of any regular person. It is perhaps prudent to refer to ourselves henceforth, as crypto surfers!

Any BTC HODLer who has been around since the Mt. Gox saga of 2013 to 2014, knows that the King of Crypto had declined to as much as $0.01 due to a hack at the exchange in 2011. From April 2013 to early 2014, the exchange was at the top of its game as it was handing up-to 70% of all online BTC trading. But it all came crumbling down due to a news report that the customers of the exchange were experiencing delays in withdrawing funds from the platform. Some even had to wait a few weeks for the transactions to complete. (Where was Ripple back then to complete the transactions in 3 seconds?)

In conclusion, the current market turmoil is not new to Bitcoin and the crypto markets. One needs to look at the number of times Bitcoin has died for you to accept that it will die a few more times in the future as well. With such knowledge, we can easily recover psychologically from each dip rather than musing about totally cashing out and forgetting about that Lambo.

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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 Chinese New Year Affects Bitcoin (BTC)

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Bitcoin (BTC) lost about $100 in value in the last week, and, while reasons behind the drop in crypto prices can often be hidden and unclear — this time, that is not the case. The reason for this drop is believed to be the celebration of the Chinese New Year.

The New Year celebration was over more than a month ago for most of the modern world. However, things are a bit different in China. This is a country which is considered to be one of the oldest ones in the world, with a long and complex history. The country’s traditions are fascinating to many around the world, as so many of them are different from western culture. One of these traditions is the Chinese New Year.

The New Year celebrations in China start on January 28th, which was a week ago. The New Year itself is today, February 5th, although the celebrations and festivities are going to last until February 19th. For the people of China, and all those around the world who follow the country’s tradition, this is the time to relax, take a break, and perhaps travel and visit friends and family. But, what does it have to do with Bitcoin?

China and Bitcoin

Those who are new to the world of cryptocurrencies have likely already heard many stories about China banning Bitcoin trading and…

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EO.Finance Launches Highest Paying Crypto Referral Program of 2019

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The EO Referral Program, already touted to be a significant addition to the ecosystem has been launched, and more details can finally be revealed. Offering 30% of transaction fees for each referral, it is expected to be the highest paying crypto referral program of 2019.

 

Each user will receive their own unique invite link, which can be shared with friends or via social media, in order to start earning 30% of the companies fees for every transaction made by someone who registered using their unique link. Furthermore, receive 5% of the fees for each new referral introduced by your own referral, increasing earning potential and adding even more benefits to an already feature-packed ecosystem. The fact the ecosystem supports credit and debit card transactions, as well as more than 40 cryptocurrencies means it will be even easier for you to start earning from your referrals.

 

The EO Referral Program will also extend to EO.Trade following launch, meaning it will be possible to earn from a single referrals transactions across multiple products within the EO ecosystem. It is important to note that the figure of 30% is significantly more than most competitors offer.

 

Payment will be made in the same currency as was purchased or exchanged. Withdrawal of the profits earned via the program can be made instantly, meaning you can earn immediately from your referral.…

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Is Bitcoin (BTC) Ready for Another Surge?

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It is no secret that Bitcoin (BTC) has had a rough 2018. The coin has dropped by over 80% from its all-time high in a matter of months, it experienced two market crashes, a constantly bearish market, and even troubles within its own ecosystem. Crypto investors spent the entire year hoping for a surge that never arrived, and since BTC is the most influential coin within the crypto space, its behavior usually dictates the pace for other coins as well.

Then, the year finally ended, and investors believed they could finally start anew, hoping to see BTC perform better in 2019. While Bitcoin is certainly performing better than in 2018, the current state of things is still far away from a rally. However, there is a possibility that this might change in the future.

Projects that could have sparked the next rally

As mentioned, crypto investors around the world were hoping to see a new price surge with the arrival of the new year. So far, this has not happened, and while there were several events believed to be able to boost BTC value, several complications prevent them from occurring.

One of them is the launch of the Bakkt Bitcoin Futures Exchange, which was scheduled to happen on January 24th. However, due to the long-lasting US government shutdown, the exchange failed…

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