FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Will The Stock Market's Bearish Outlook Affect The Cryptocurrency Market? - Global Coin Report
Connect with us

Blogs

Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

Published

on

cryptocurrency market
READ LATER - DOWNLOAD THIS POST AS PDF

About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the first time. Now you sit there and think but they got Rekt right? I was speaking to one of my friends who’s been around since 2013 he told me he made mistakes the last bull run. The understanding he had from those losses and mistakes made him millions in 2017. Another nice fact to share with is this was just the start of the knowledge pool and we still only have 2% of the world holding cryptocurrencies. So applying what was missed by many saw this as an opportunity to share my findings and you will see many doubted me, but 3 months later the markets are all down on average 15%.

Now to discuss, will the stock market continually falling affect crypto? The simple answer is yes, I thought maybe some of this will flow into crypto, but I also realized since that, the market was nowhere near where it needed to be to see that confidence or growth quite yet! Since I made the video above we have seen all markets fall considerably as people hedge to metals and fiat. A question you may be asking yourself; How will this affect the market if we go into a full-blown recession? This is a hard question to answer, but I will give what I believe will happen. If we go into full-blown recession in 2019 all markets will suffer including crypto, this is a harsh but real reality when money is tight people pull out of investments and go into cash and precious metals like gold. Many think if the recession happens over time with education on mass about cryptocurrency and the use cases of blockchain technology there will be a slow growth and sometime in 2020 another potential bull run with the halving of BTC. Will they be right is to be seen, but I am sure of one thing that by 2022 all those who remain in the space and focus on mass adoption will be greatly rewarded. The 2017 bull run to 800 Billion will be laughable in 5 years time when this market should be well over 2 Trillion if not even closer to 5 Trillion by 2023.

Joel Kovshoff

Director at BlockRake

Please like and subscribe to my Youtube Channel: 

http://www.youtube.com/c/CryptocurrencyEducation

You can follow me here:

Twitter: @joelkovshoff

Facebook: www.facebook.com/joelwarrenk

Telegram: t.me/athenatradinggroup

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.

Image courtesy of Pexels

Blogs

VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

Continue Reading

Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

Published

on

blockchain-focused ETFs
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

Continue Reading

Blogs

Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

Published

on

Jeff Bezos
READ LATER - DOWNLOAD THIS POST AS PDF

Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

Continue Reading

Elite