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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

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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