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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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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