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Is it a Good Idea to Buy BTC After the Latest Market Crash?

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The crypto market is still vulnerable and subjected to slight price drops, despite the fact that the major crash is believed to be over. With the prices of numerous coins slowly going back up, investors are starting to wonder: is it safe to buy BTC these days?

Is the market crash over?

It has been 16 days since the latest market crash began. This was the second one in 2018 and has left a significant impact on the market, as well as investors’ confidence. The details of the crash are already well-known to everyone — Bitcoin Cash has had a hard fork on November 15, although due to a disagreement between two parties of its community, the prices started dropping, while the fork resulted in two separate coins and the following hash war.

The hash war brought even more damage to the Bitcoin ecosystem, and the entire market started losing value. As always, Bitcoin lost the most regarding the price and market cap. The coin has spent most of this year balancing at around $6,400. After the crash, however, it hit a new low of $3,700. While this is the lowest that BTC has been in 2018, it did not stay here for long. It soon started rising again, breaching the $4,000 per coin, and staying mostly above it.

So, it has been two weeks after the crash initially began, is BTC stable now? Well, not exactly. The coin is currently trying to stabilize, but also to return to its older price. This has led to big price shifts, where the value of Bitcoin, as well as other digital currencies, suddenly starts growing or dropping by a significant percentage. Yesterday, November 29, BTC experienced an 8% growth, only for it to start dropping again on November 30th, this time by over 3%. This situation is expected to continue at least for a while until Bitcoin can find a new bottom.

Is investing in Bitcoin a good idea now?

As always, answering this is not that simple, and it mostly depends on who you ask. There are a lot of respected names in the financial world that are pro-Bitcoin and are quite bullish on it. Tom Lee of Fundstrat Global Advisors, for example, previously believed that BTC will hit $25,000 per coin by the end of the year. He gave up on this prediction when the bear market continued, but he also predicted another price, stating that Bitcoin will end the year at $15,000.

He has yet to change this prediction, which means that he likely expects a bull run to start at some point in December.

John McAfee is also known for being bullish on Bitcoin, and he even came up with his own ways to predict its future. This has led to some astronomical predictions, such as Bitcoin reaching $500,000 per coin by 2020.

Billionaire Tim Draper also believes that the market will bounce back and that cryptos are far from being dead. Thanks to these predictions, a lot of people think that now is the time to invest, since Bitcoin is currently much cheaper than it was earlier this year. It is unlikely that its price will drop further at this point. This leaves only one direction for it to go — up.

Of course, nobody knows the future, and all of this is only speculation at this point. However, cryptocurrencies are known to move in cycles, which is something that experts and analysts are well aware of. If so many of them claim that BTC will soon start rising, it might be profitable to heed such advice.

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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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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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