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Bitcoin is just about to explode and dominate the cryptoverse again

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Bitcoin
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If you follow Bitcoin news (as we assume since you’re reading this), you know there’s a lot of bad vibe around it. Haters say it’s too volatile, that it’s worth nothing, that it isn’t money, that’s it’s ruled by China and many other things. Well, most of that is just absurd. It has nothing to do with reality and everything to do with fear which is, unfortunately, the way most markets work.

So let’s take a minute to have a look at Bitcoin’s current situation and try putting it into perspective so we can find out if it’s so bad as critics say or if things are going more or less well, giving us no reason to panic.

As we all know (and if you don’t you’ll find out in this very sentence) Bitcoin reached it’s highest peak last December 17th. It’s been all going down since then. This is terrible news if you bought tokens back then but is it that bad for the community as a whole? Does it mean that Bitcoin and crypto are doomed?

Some people would answer affirmatively to both questions, but you should take that point of view with a grain of salt. A lot of the people who manifest that are people who are reading the writing on the wall but are scared of Bitcoin to go up because they don’t own any. We know how childish this sounds either from them or form us, but it happens.

But if you take the time to look closely into the Bitcoin market’s recent developments, there are plenty of good signs. We are quite confident that this will mean that Bitcoin will grow back, it will explode in price at some point in the future, and it will lead the way (as it always has) for the cryptosphere as a whole.

Let’s review the facts.

First of all, something like 10% of all of the world’s Bitcoin wallets has remained inactive for most of the year. And some of those wallets are pretty big. This means that there is a perfect proportion of BTC holders who are sure that their digital asset’s value will go up again, which is why they’re not selling, even as the market keeps going down.

Then there’s the volatility factor. Crypto markets, Bitcoin especially, have been intensely criticized by skeptics and haters because of the level of volatility they have. While volatility has been, indeed, the rule for years, if you have a look at what’s happened over the last month, you’ll find that Bitcoin is, right now, half as volatile as the Dow Jones index or as any fiat currency market. In other words: BTC is becoming a stable means to store wealth, more reliable than most other traditional resources such as the stock market, USD, Euros, or Pound Sterling.

One last thing: have a look at the value chart for, say, Apple’s shares. Then compare it to the current chart for Bitcoin and other digital assets. Do you see how much they look alike? Apple has been around for more than three decades, so it’s had the time to explode but just notice how Bitcoin is showing the behavior Apple did before it went big (and we mean really big).

Remember this: 17 years ago everybody was sure that Amazon would go down like a led balloon. A lot of ink was spilled explaining the world why it was never going to work or recover. Well, Jeff Bezos is now the world’s richest man and nobody doubts about Amazon as a viable option. So don’t despair about your Bitcoin holdings. If you have some, keep them. If you don’t, do your homework and get some.

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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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Altcoins

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

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SonicX
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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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