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Bitcoin is just about to explode and dominate the cryptoverse again

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Bitcoin

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Bitcoin

Wisebitcoin Launches Professional-Grade Crypto Exchange

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Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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Bitcoin

ISW Holdings Continues to Transition Cash Assets into Bitcoin with $20K Purchase Ahead of Mining Launch

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ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to announce that it is in the process of converting $20,000 of the Company’s cash holdings into Bitcoin. The Company also announces that it will be regularly conducting similar transactions on a quarterly basis to convert a percentage of cash flows into Bitcoin.

Management expects this transaction to be completed this week. The Company began transitioning cash resources into Bitcoin with an initial transaction in March 2019 at approximately $4,000/Bitcoin.

“We believe in the future of Bitcoin and digital payment systems, and cash represents an unproductive asset given the degree of monetary expansion, stimulus, and debt dragging down traditional currency systems,” commented Alonzo Pierce, President, and Chairman of ISW Holdings. “We are also on schedule to launch mining operations through our Pod5 solution at the Bit5ive renewable energy project by the end of January.” 

The Company formed a joint venture partnership with Bit5ive, LLC, (“Bit5ive”) in May to build and deliver an elegant, powerful, and efficient data center pod design. The Proceso Pod5ive Datacenter is the result. Designed in partnership with Bit5ive, and geared primarily for the cryptocurrency mining industry, the Proceso Pod5ive Datacenter offers next-generation dynamic self-management functionality, plug-and-play operation, virtually non-existent maintenance needs, and an industry best-in-class 1.06 Power Usage Effectiveness score.

The Company’s first mining pod is set to…

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