Never doubt Bitcoin (BTC) it will deliver huge wins, here are five reasons why - Global Coin Report
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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency

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Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold. 

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