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Is Bitcoin Price About to Enter a Bull Run?

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The price of Bitcoin seems to be on the rise once more, and while the rise that the coin has been seeing in the past two months has been gradual and rather hesitant — it still proves that the largest crypto is slowly dragging the space out of the bear market. The bearish 2018 left a large mark on Bitcoin price, and the crypto winter still has a minor influence, but the main reason why the coin’s value remains low now might be the lack of large cash flow.

Even so, Bitcoin has seen some significant recovery recently. After reaching the lowest point in 2019 at the price of $3,400 on February 7th, BTC managed to steadily grow by over 13%. Immediately after the coin reached this low point, a series of bull runs started bringing it up, past several resistance levels.

The largest ones were at $3,600 and $4,000, but the coin currently remains above both, with its price at the time of writing being at $4,057. Further, BTC managed to remain above the $4,000 mark for nearly two weeks, not counting one minor drop that occurred on March 25th, and which was corrected in less than two days.

But, will Bitcoin experience a true bull run, like the one in 2017? Well, probably not. 2017 was the year of hype when cryptocurrencies emerged from the shadows of the dark web and shady usage. They presented themselves to the world and demonstrated the alternative to traditional banking. This attracted thousands of investors, and such a massive jump in demand caused the bull run which suffered a year-long correction which we now know as the crypto winter of 2018.

However, the hype is over, and the digital coins are now well known around the world. Such a massive surge will likely never come again, but it is possible that we might soon see one that can easily claim the second place in terms of size.

Bitcoin will definitely see a new bull run

Many were bullish about Bitcoin in 2019, and not only regular crypto enthusiasts. Even billionaires such as Mike Novogratz, Changpeng Zhao, and many others expect to see a growth of Bitcoin price soon. Institutional investors are finally making moves towards the crypto industry. They may be slow and hesitant, but they are moving, which is a huge step in the right direction.

Banks like JP Morgan, and even massive social networks like Facebook, are supposedly creating their own coins. While these will likely not be the real cryptos, they will reach millions, or even billions of people, and introduce them to cryptocurrencies. Once the interest spikes, people around the world will start researching crypto deeper, and they will notice that these coins are not good. However, they will also realize that they can just switch to BTC as a much better alternative.

Meanwhile, Bitcoin will likely get its Lightning Network, which will significantly improve its speed, cost, and scalability, and it will be able to serve a massive wave of new users. And, as the coin’s capacity is capped, the existing coins will have no choice but to surge in price as soon as the demand skyrockets.

With increased demand and acceptance, Bitcoin will also receive new use cases, as merchants around the world will start accepting the coin in their desire to be innovative and remain relevant, which will drive the adoption further.

In other words, yes, a large bull run does lie in Bitcoin’s future. The only requirement is time, but time is also needed for the coin to recover from the price decline which it suffered in 2018. This massive bull run might not arrive in 2019, but it is coming, and 2019 will be the year of recovery and growth, where Bitcoin will prepare itself for the mass adoption which is to come in the next several years.

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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