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Bitcoin (BTC) Rises While Altcoins Struggle to Follow

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After months of going down, Bitcoin (BTC) finally seems to be on a steady rise once again, and experts believe that the coin has barely started its return. While altcoins have seen significant increases also, they still cannot hope to match Bitcoin’s new behavior.

Bitcoin (BTC) still on the rise

Ever since early January, cryptocurrencies have had their prices dropping constantly, and it came to a point where many have started to question whether cryptos will really survive the downfall. Now, after more than 6 months, Bitcoin has led another bullish run by spiking up by 19% during last week.

This week has seen another increase, 5.8% on Monday alone, which has put even more distance between the first crypto and its altcoins. Over the years, many cryptos have emerged and claimed to be Bitcoin’s rivals, but now, it would seem that BTC is denying those claims by leaving all other coins in the dust.

This even includes the second and third coin as per CoinMarketCap, Ethereum (ETH) and Ripple (XRP). Since Monday, Bitcoin’s cut a tiny portion of its advance, but even though its rise dropped from yesterday’s 5.8% to today’s 4.7% compared to last week, the coin still has a significant head start.

Currently, Bitcoin’s price is at $7,998.74, which leaves BTC at the highest value in the last two months. Even the broader crypto market has turned out to not be capable to keep up with such an increase, and Bitcoin seems to be flourishing, leaving other coins’ progress barely noticeable.

Is the increase only starting, or is it about to end?

It is no secret that 2018 has been a very tough year for cryptos. A lot has been achieved in the real world, especially regarding their adoption, partnerships, projects, and alike. Within the crypto market, however, the prices continued to go down day after day. A slight increase in mid-May has left everyone hoping, only to re-live another January, when the prices crashed to pretty much the same lows as before.

The two months after that were especially tough, and filled with negative news of lawsuits, hacks, strict regulations, and more. Still, the long-awaited bull market seems to have finally started last week, and cryptos have been on a constant rise ever since.

While there are many skeptics who remain certain that the rally will and every minute now, there are many experts and market technicians who claim that cryptos are just getting started. Not only that, but they have been expecting it and warning about it for months. Now, many are wondering why is BTC doing so much better than the altcoins?

The answer to this might lie in its status as the largest crypto, which Bitcoin can benefit from, while all the other cryptos are only allowed to follow from a distance. The alternative is that the altcoins’ reputation has been damaged after the Group of 20 nations’ decision to classify them as crypto-assets that do not possess the attributes needed to be considered sovereign currencies.

On the occasion, they stated that crypto assets are not a threat to the global financial stability. At least, not at this point. It was decided that October of this year will see the final decision regarding how the standards apply to the case of crypto assets.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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