Connect with us

Bitcoin

Is it the time to invest in Bitcoin as there’s rout in global stock markets?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Is the market selling over yet? While Bitcoin alongside the rest of crypto market has stayed stable, the S&P 500 suffered a 10% correction which translates to be the worst month since 2018 when the stock market crashed terribly. The question asked is whether the almost decade-long finance bull market is at risk.

Perhaps, there’s no immediate trigger directly related to sell-off yet, but possibly the trade war between the US and China as well as the increase in Fed rates might have been behind the market turmoil. The current rout in global stocks might be a way the markets are telling the Federal Reserves that they are on the wrong course.

Some folks have their belief that the stock market crash has a lot to do with the upcoming US midterm elections.

Plus for Bitcoin and cryptocurrency markets in general?

The last time the global stocks crashed, investors had a shift to protect their money by investing in precious metals like gold and silver. But, that was back in 2008 when cryptocurrencies had not busted into the scene.

Almost a decade later, merely we may have a similar scenario in the stock market, and it seems like the crash has no impact on the cryptocurrencies, and hence, no signs of an inverse correlation. It implies that, just like gold and other precious metals, Bitcoin and the crypto market value, in general, depends solely on the supply and demand that’s within the market and is not affected by the global economic performance.

Therefore, it means that most individuals may seek to buy crypto coins-and since Bitcoin is dominating the market, it will significantly benefit. It is, therefore, expected that Bitcoin would do well during this kind of instances. One thing the shifting investors should be aware of is that the price of Bitcoin “always” keeps on fluctuating not like a mere 12% drop (it has become less-volatile in recent times though).

But predicting the price of Bitcoin in the future or the entire crypto market is not easy. And if someone is claiming to know the BTC price in the next ten years, is a liar. Sorry, but it’s the truth. But one thing is for sure, cryptocurrencies and the blockchain technology are the future, and it’s predicted that there might be an increase in the crypto market to $20 trillion in the next ten years.

If the stocks fall, we may be in for a good run in the crypto market as there could be a spike in investors turning to Bitcoin and other cryptocurrencies. Currently, there is no denying that big profits can be made from buying and selling of Bitcoin, but we can’t deny the fact that losses can also be in the waiting.

As it looks, indeed, as the stock market is falling, only the crypto market seems to be the best option to follow and buying Bitcoin at a time like now would sound to be a wise investment decision.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Vjkombajn/Pixabay

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Bitcoin

New Tendencies of Bitcoin Gambling

Published

on

Bitcoin gambling
READ LATER - DOWNLOAD THIS POST AS PDF

Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

Continue Reading

Elite