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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

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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