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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

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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