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Bitcoin’s (BTC) April Recovery is Still not a Real Bull Run

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Bitcoin
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Cryptocurrencies are finally back on track, or at least — that is how it appears to be. After a disastrous 2018 which knocked the prices of all coins down by at least 80%, the first few months of 2019 brought stability. However, the coins did not remain inactive for long, and they already started moving back up as early as in mid-February.

February and March were marked by a struggle to grow, and after two months of effort, the growth finally came on April 1st. April is the month that allowed digital currencies to experience a first real surge in well over a year. Not only did the coins’ prices grow, but they managed to remain at the newly-reached levels for over a month now, promising a brighter future to traders and investors.

Bitcoin itself barely managed to grow past $4,000 in February and March — only to see a 22% large growth in April and exceed $5,300 within only two days. The price was trying to find stability after such a large jump, and it took the entire April to reach it. At the time of writing, the BTC price sits at $5,405.95, after 0.31% growth in the past 24 hours.

This situation also allowed Bitcoin to complete its third positive month in a row, thus confirming an important shift that came with 2019. As always, notable events such as this are always causing crypto experts to try and predict what might come next. Crypto enthusiasts themselves are interested in what to expect, while traders and investors need to know it in order to choose the best strategies when dealing with crypto. In other words — there is no lack of demand for predictions and educated guesses.

What to expect from crypto in the future?

While knowing what to expect is greatly appreciated in and out of the crypto world — making accurate predictions is quite hard to do. In fact, when it comes to a highly-volatile and unpredictable crypto industry, it pretty much borders the impossible.

Of course, the overall perspective appears to be optimistic, as the price drop has stopped, and time of slow but steady recovery appears to be at hand. Even so, a lot of experts remain suspicious and cautious, believing that the crypto space is still not done with the bearish trends.

The CEO of crypto hedge fund BitBull Capital, Joe DiPasquale, recently stated that there is still much room for caution in the industry. According to him, Bitcoin has been rising steadily in the past few months. However, this is still not a bull run, and being too relaxed considering the circumstances might easily lead to sudden losses.

The managing director of crypto-to-crypto derivatives platform Amulet, Marouane Garcon, agrees with this. He himself believes that the market has yet to show signs that it can sustain a bull market. Then, there is Tom Lee, Fundstrat Global Advisors’ head and managing partner, who is more optimistic, believing that the crypto winter is over.

While his view is much more optimistic, a lot of investors still have the bearish trend fresh in their memory, and they too remain cautious.

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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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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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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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