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Here Is Why Shorting XRP, LTC, TRX, ADA and more in a Bearish Market is Looking Attractive

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A while back, when many of us were noobs in crypto trading, we believed that buying and HODLing was the proverbial greatest invention since sliced bread. But when our XRP, Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC) and the rest started declining in the markets back in January, we started reading up on charts and how to trade during periods of severe volatility. We learned to set up stop losses. We continued trading and made some decent profits due to the fact that there were still periods in the markets where volumes would increase overnight.

But now, the volumes seem to be contracting on a daily basis and we have to come up with a new strategy. 

Yes. We need a new strategy. We can no longer HODL or trade during uptrends. It simply is not going our way and we end up cashing out to Tether (USDT) most of the time and waiting for days before the markets decide to start climbing again. Shorting our favorite digital assets is continually looking attractive. This involves ‘borrowing’ the digital asset at a high price and instantly selling it. Then buy it back at a lower price, returning the borrowed amount and keeping the difference.

How about we start trading with the downtrends? Learn to make lemonade when the handed lemons. 

This approach is risky but our risk tolerance has been growing ever since we learned how to set up stop loss orders when XRP was constantly falling in the markets or when Litecoin (LTC) could not manage the news of Charlie Lee selling all his coins to concentrate on the Litecoin Project. We have had to adapt with the times and shorting our digital assets is another hurdle we must overcome to continue being victorious in these trying times in the crypto markets.

So where can we short our favorite digital assets?

We do not have to go to Wallstreet to short our favorite digital assets. No. All we have to do is check out the one and only crypto exchange that offers these products directly to the public: BitMex. All you have to do is create an account to explore the limitless possibilities of shorting Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH) Litecoin (LTC), EOS and Cardano (ADA).

In conclusion, we have continually continued to evolve as traders in the crypto markets and it might be time to learn how to short our favorite digital assets rather than going long. The latter method of investing is the traditional buying and HODLing till a higher price but this does not seem to be working in the current bearish market.

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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

Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them all, stating that there is a reason to believe that the…

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What to Expect in 2019: BTC, BAT, and Steem

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There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery.

But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019.

1. Bitcoin (BTC)

Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together.

Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and when this one comes to a close, Bitcoin will likely be ready for a big comeback.

2019 is expected to bring a lot that will serve BTC’s rise to dominance. Many of the things expected to arrive are…

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