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Dear Bitcoin (BTC), I’m Breaking Up With You

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Dear Bitcoin
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Dear Bitcoin,

I remember when I first met you. How could I forget?

I spent hours, days, reveling in your unlikely story, digitally printed so delicately on your white paper skin. I knew so little then. But I believed in you with all my heart.

We all did.

It seems like forever now since we ran through the hills and valleys of your volatile landscape, dipping our toes like children in your shallow seas and running from the incoming tides that chased us further and further onto the safety of your sandy shore.

It wasn’t always perfect, but you were always there for us. Rising above it all. Breaking through every barrier and key resistance level on the way to Heaven. Nirvana. Enlightenment.

And I see you trying, Bitcoin. I see the desperation in your attempts at recovery. But something is wrong.

You seem guarded. Thinner. Stagnate in the face of our futures together. And I’m not sure how to help you. I can’t help you.

You’ve changed.

Do you even remember the promises you made us? You used to go on and on about the virtues of self-sovereignty. For God’s sake, we were going to destroy the very system that you now seem so eager to please!

And as I look out at the laser-leveled hills on your horizon, and swat at the mosquitos that breed at the edges of your newly calmed waters, I feel like I need to make a decision for myself.

I am breaking up with you, Bitcoin. There are plenty of coins in the crypto sea. You aren’t the only one.

It’s been great. Really. But the world changes. Crypto-coins change. And people change too. I’m sorry to let you down. I just thought that before I opened my cold storage and let you go, I should say something. Something meaningful and real like you used to be. I will always love you, Bitcoin. But I’m moving on.

Micah C. Miracle

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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Bitcoin ETF
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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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Bitcoin

What to Expect in 2019: BTC, BAT, and Steem

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BTC
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There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery.

But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019.

1. Bitcoin (BTC)

Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together.

Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and when this one comes to a close, Bitcoin will likely be ready for a big comeback.

2019 is expected to bring a lot that will serve BTC’s…

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Altcoins

The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

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