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Never doubt Bitcoin (BTC) it will deliver huge wins, here are five reasons why

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After the fantastic bullish run Bitcoin experienced last December, it’s been going down consistently, and it’s been dragging the whole market down with it. Because the bearish run has prolonged for so long already, it’s easy to forget that Bitcoin is probably the best possible long-term bet among all cryptocurrencies so, if you’re feeling down because of the asset’s recent performance, let me remind you of five reasons for which you shouldn’t be worried at all.

Scarcity


When every possible Bitcoin token is, at last, mined, the total number of coins will be twenty-one million. Satoshi hardwired that feature into the Bitcoin blockchain precisely to ensure that a limited (and relatively small) number of coins would prevent inflationary pressure to depress the currency’s value (it seems Satoshi wasn’t only a good programmer, he knew his monetary theory as well). 

There are 4.2 million Bitcoins left to mine, so having all 21 million coins in circulation won’t take too long now. From that point on, scarcity will be a determinant factor in Bitcoin’s price, and it can only drive it up.

Technology

Bitcoin is the oldest cryptocurrency in the world. As such it’s had the most time to refine and improve its technology, and the Bitcoin community has done that very well. The Lightning Network is already online, and it has the most hash-rate power of any blockchain in the world. 

Also, the progressive hash difficulty in mining guarantees that the network’s safety is improving all the time. And in nine years, the blockchain has presented failures for a meager 0.007% of the time, which speaks about the incredible reliability it has achieved.

Regulation

The SEC has already spoken officially about Bitcoin status, and it declared to be real money. While this was not precisely an endorsement, it’s undoubtedly a good reason to forget about all the doubts, FUD and distrust that so many people feel about Bitcoin.

Institutional investors

Banks and financial institutions in New York, Switzerland, Berlin, London and other economic hubs in the world are either studying the possibility of implementing, or implementing, a way in which they can integrate Bitcoin into their traditional financial services, especially those related to wealth storage and custodial services. As they make up their mind at last and come into the market, they will create demand and reduce the coin’s circulation thus increasing prices.

The market is down, and it’s not the first time

This is not the first bearish run on Bitcoin (BTC). There was a similar one four years ago, in 2014. And Bitcoin recovered if it needed some time to do so. It will improve again for sure; it’s just a matter of time.

No enough? Charlie Lee, the former Google software engineer who created Litecoin, gave the world his expert advice to potential cryptocurrency investors. What was it? Before you buy any of the alternative coins that are available in the crypto markets, you should first make sure you own at least a single Bitcoin.

So don’t despair. If your tokens have lost some value since you first bought them, it shouldn’t worry you too much because, sooner or later, they won’t just recover, but chances are they will even go beyond. There’s no way to tell when that could happen but that’s how Bitcoin history has been for nine years and time has made it only better.

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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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Bitcoin

What is Bitcoin IRA and Which Ones to Consider Using in 2019

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As Bitcoin, and cryptocurrencies in general, continue to advance in the world of modern finances, many are finding new use cases for this form of money. Although cryptocurrencies still have limited use cases, many of them are finding new ways to be useful, which will give them an advantage and secure their long-term survival.

Bitcoin, for example, already has numerous use cases, including purchases of goods and services, crypto trading, loans, savings, and more. Another of its use cases includes individual retirement accounts or IRAs. Simply put, this represents an account that individuals can open at a number of financial institutions, and use it to save money for their retirement.

Many choose to open these accounts due to lower taxes, which allow them to save up more. IRA comes in several types, including traditional IRA, rollover IRA, and Roth IRA. Traditional IRA is as simple as it sounds — users simply open an account and start adding money that they can afford to deduct from their income.

Rollover IRA includes “rolling the money over” from the qualified retirement plan to the IRA, while Roth IRA allows users to deposit after-tax money which can then grow completely tax-free

Bitcoin IRAs work pretty much in the same way, except you deposit Bitcoin instead of traditional currencies. While some of the older, traditional IRAs have decided to expand their businesses in…

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Bitcoin Grows Beyond $4,000

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Bitcoin (BTC) is starting to make waves again, and while they are still small, investors around the world are welcoming the positive development. The number one cryptocurrency has just breached the $4,000 mark, and while this is still five times lower price than it was in early January 2018, it is over $800 higher than in early December 2018.

At the time of writing, Bitcoin price is at $4,048.60, after the coin experienced a 5.53% growth in the last 24 hours. Meanwhile, its market cap sits just above $70.5 billion, while the coin’s daily trading volume is at $5.7 billion.

Bitcoin has had a rough 2018, just like the rest of the crypto market. In fact, the coin is so influential that it usually dictates the market behavior, whether positive or negative. Right now, the rest of the market follows the positive trend, with all of the top 10 cryptocurrencies currently trading in the green, while only a few among the top 100 coins are experiencing minor losses.

The largest gainers among the top 10 cryptos by market cap are Litecoin (LTC) with a 7.64% growth, and Stellar (XLM), which is growing by 7.27%.

Bitcoin’s behavior in the new year has mostly been positive, which is a trend that originally started on December 17th, 2018. After a month and a half of constant losses, which have brought…

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