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Does the crypto market have the growth prospects or is it constantly collapsing?

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There have been many analyses done over the years of whether the crypto market is in a bubble. Because of the events in the last couple of years, the causes of concern are real. The cryptocurrency market has become a dangerous place where people actually lose money. Recently the currencies have been suffering some weakness as there were huge drops followed by extreme peaks.

Everyone knows the fact that the cryptocurrency market is a risky business and that sometimes if you are not knowledgeable enough, you can lose tons of money. However, the promising increase of value is something that triggered a lot of people and launched cryptocurrencies into the stratosphere. Many people that are not directly involved in the process capitalized on the idea. For instance, many portals used the steam to make a fortune out of the idea. How to build a business website suddenly is not even a question anymore, everyone is trying to get benefits from the digital marketing and, the same way, everyone can use the crypto trend to make money.

Even though it’s the most talked about topic on the world wide web and the idea of passive income is something we all desire, still the future of crypto is not so bright.

Many experts believe that the drop is just a temporary issue such as John McAfee, however many other people claim that the cryptocurrencies are spiraling down into their doom. There are even speculations that Bitcoin will hit zero in 2019.  Are all of these rumors true?

The future of cryptocurrencies will depend on many factors. Here are some of the most important ones.

The mining difficulty

According to many experts, this is one of the biggest problems cryptos will face in the future. Miners will want to leave as there is a drop in the value of the cryptocurrency, they get in return for the work they are doing for their blockchain.

According to Coin Telegraph, in August 2010, August 2011, January 2014, and January 2018, Bitcoin demonstrated 70 to 80 percent losses against the US dollar.

Mining is a process that involves complex mathematical operations that are important for validation of the transactions made on the top of the blockchain. The process of providing value for the miners will get even more complex as many coins will be put in circulation. There will be an increase in costs for power and electricity and bitcoin awards will drop leaving miners with small ROI.

As a result of this miners will want to leave and then entire mining facilities will be shut down. The whole will be affected as transactions no longer will be evaluated and people will eventually stop making them.

According to many experts, this might be the end of the cryptocurrency and bitcoin, however, not everyone believes this will be the end. Some people claim that a new cryptocurrency will appear and will be intact with the technology and completely change the old ways and tactics. One thing is certain and that’s that nothing is certain for the crypto market.

Mining is not the only issue

Mining will be the major driver behind the downfall of the crypto in future according to many experts, however, that is not the only issue.  Another big anomaly is the inability of the Bitcoin to scale. The network can only support three to four transactions at once. Other systems can process transactions effectively and efficiently. For example, Visa can support thousands of transactions per second.

Another big issue is privacy. You can’t be completely anonymous with Bitcoin. Even though you can use pseudonyms there are currently over 2,000 various crypto projects out there that offer better solutions.

It’s too early for others to compete with Bitcoin however some players are getting really close.

In summary, the situation is not that bad. It will probably take years for Bitcoin to fail. Most of the online predictions are just that, predictions. No one can tell with certainty what will happen.  If you are an investor then you should hope for the best but also be prepared for the worst scenarios. According to Forbes, strategy as HODL – Hold on For Dear Life might work. This means that you should buy crypto and hold on to them for a substantial period of time, regardless of how much they fluctuate in value.

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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The Impact of SEC Regulation and the Crypto Bear Market on Ethereum

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Ethereum
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Way back in June 2017, it was beginning to look inevitable that the flippening would occur and Ethereum would take over the top spot of cryptocurrency market caps. With smart contract capabilities and an order of magnitude more potential applications than Bitcoin, everybody was keen to jump on the Ethereum bandwagon.

Of course, a lot has changed since then.

The speculation-fueled bull run that culminated at all-time highs in late 2017 for Bitcoin and January 2018 for altcoins was unsustainable. Talk of a global paradigm shift appears laughably premature in hindsight.

Today, prices have collapsed across the entire market, with Ethereum itself breaking below $100 last December after all-time highs of $1.4k just 11 months prior. Although a mini-recovery has ensued in early 2019, the situation continues to look bleak and the reputation of cryptocurrencies for the general public is still far from stellar.

Prominent blockchain expert Peter Du, the founder of Du Capital, recently explained the crux of the problem, saying:

“Cryptocurrencies, which were once the new darling and dream of investors have now taken a backseat, given the current crypto blizzard. To be sure, maintaining hundreds of billions of dollars in valuations supported by unsecured coin issuance was…

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Bexplus Trader Expert Sharing: Which Investment in Bitcoin can Make Profits?

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Bitcoin
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At this time last year, Bitcoin was reaching its all-time high price. However, the whole year past, its price declined by 80% since then. BTC speculators or investors don’t seem to be getting tired of its “disruptive” price falling. And a lot of people that missed out on the late 2017 and early 2018 price hike, jump in the crypto world, expecting to make quite a fortune when it hits its former levels. But the story just goes the opposite way. So is it possible to profit from BTC investment? In the following part, we will explore 3 types of profitable BTC investment.

Measure 3 Common Types of BTC Investment

  1. Invest in BTC Spot and Wait for Appreciation

Bitcoin spot trade might be the first transaction type that most investors will opt for when they just entered the cryptocurrency area. Investors can directly buy BTC with fiat currencies. The only way to earn money with BTC spot is waiting for its price rising. Unless you are a BTC believer and willing to wait for its appreciation in several years, you should turn to another type of investment.

  1. Exchange BTC to USDT and Earn the Spread

USDT is the cryptocurrency version of US dollar and also considered as a stable cryptocurrency. Generally speaking, when the BTC, as well as other cryptocurrencies, drop, USDT may perform…

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

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UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to…

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