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The Future of Bitcoin: Why BTC Might Be Heading for the Moon

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After a disastrous 2018, the current year seems to be a much kinder one towards crypto prices. Bitcoin (BTC) is once again a hot topic, and thousands of new accounts are joining its networks. Not to mention that the coin has managed to grow quite a lot in the past several months. However, there are many out there, in the crypto industry, who believe that this is only the beginning — an early stage of a massive boost that has yet to come and launch Bitcoin’s price to the moon.

These are the people known as Bitcoin bulls, and they have many reasons to believe that BTC is only getting started.

Why is Bitcoin more valuable than it might seem

One of the reasons why BTC might reach a far bigger price than the one it currently sees is the fact that it had done it before. There is hardly a need to remind anyone that the coin had a price of $20,000 per unit less than a year and a half ago. While the surge was sudden, hype-driven and the following correction caused the entire year-long crypto winter, it displayed some of Bitcoin’s potential. And, if the coin managed to do it once — it can certainly do it again.

Next, it is important to note that Bitcoin is still the leading currency in pretty much every aspect. It has the largest market cap, as well as the highest price. It has a limited total supply, which is rather low, thus guaranteeing that the coin must have a high value, provided that it turns out to be useful. And, as luck would have it, Bitcoin has countless use cases, only a handful of which are currently being applied.

Of course, the coin does have its fair share of problems as well. Bad reputation due to its use on the dark web several years ago still follows it. However, Bitcoin is a tool — one that anyone can use. The fact that it was used by criminals, and potentially, terrorists, should not be viewed as a damning factor. It was not made to be used by these people, but it is universally available, just like any other form of money.

Bitcoin is also still struggling with scalability, although this issue is well on its way of getting fixed with the Lightning Network project. All that will remain after that is mass adoption, and this is a gradual process that will speed up tremendously after the crypto sector receives proper regulations.

This is a coin brimming with potential, and one of its major uses in the future might be the replacement of gold. Unlike gold, we know exactly how much Bitcoin there can ever be. It can be just as universal, much more valuable, but also easier to manage and distribute. It is more effective, more practical, and more available. It is also extremely modern, the next step in the financial evolution of the entire world.

Conclusion

Moving towards digital money is a big step; there is no denying it. It is the biggest step since replacing material assets with paper money, and even that is a corporeal currency, with which we were able to familiarize ourselves with more ease. BTC, and cryptocurrencies in general, are more complicated as a concept, but a much better way of managing funds once you understand how they work and what they truly are.

Because of this, Bitcoin literally remains digital gold — only one whose true value and potential have yet to be discovered.

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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

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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How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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