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‘The Bitcoin (BTC) Bull Market IS Coming,’ Reassures John McAfee

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In the words of John McAfee, the price of Bitcoin (BTC) has increased by more than $1,000 in one week. Many have speculated if this could be the beginning of the much anticipated Bitcoin Bull market. Others have labeled it as another Bull trap. We have been victims of Bull traps before and we have celebrated an increment in the value of BTC, only to see it once again decline in front of our eyes. We have even speculated the possibility of Bitcoin manipulation.

But John McAfee reassures us that the Bitcoin Bull market IS coming in the following tweet.

McAfee is right in that on Sunday, the price of BTC was hovering around the $6,400 mark. Three days later, on the 18th of July, the same BTC is currently trading at $7,444 and looks like it will continue gaining into the weekend. In the last 24 hours, BTC has gained by an incredible 10%.

So how will the BTC volume be maintained in the markets to guarantee a Bull run?

Historically speaking, and looking at the price of Bitcoin at exactly one year ago, we find that BTC was valued at around $2,500 last July. This price would gradually increase as the months passed and as we approached the holiday season last year. Around Thanksgiving last year, BTC was valued at $10,000 indicating a percentage increase of 300% from July levels. Taking this figure of 300%, we can, therefore, predict that by the time we get to Thanksgiving this year, BTC will be valued at around $29,600 (7,400 x 300% + 7,400).

The price of BTC would then peak to $20,000 on December 17th right before BTC Futures started being offered by the CME Group and the CBOE.

The only similar event that could make BTC pump that hard, is the current BTC ETF filing by the CBOE at the SEC. The final verdict should be out by the end of August. Some crypto enthusiasts had initially predicted that we’d know by the 10th of August with others saying that it will not be on the 10th.

So, will BTC continue to gain 10% daily till mid-August?

10% gains per day is a massive increment in value. This has never been seen before in the crypto markets. Let us say that the SEC will announce the Bitcoin ETF verdict in 30 days. If BTC were to increase by 10% daily till then and using simple interest, we get a value equal to the one estimated for Thanksgiving this year: $29,600.

in conclusion, anything is possible in the crypto-markets. Therefore, let us sit back, relax, and enjoy the ride! John McAfee has reassured us that the Bitcoin Bull run is coming and that BTC could get to $1 Million by the end of 2020.

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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

Basic Guide on How to Spend Bitcoin and Other Cryptocurrencies

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In recent years, Bitcoin and other cryptocurrencies have entered more into the mainstream. Most people walking down the street have at least heard of Bitcoin. While a lot of people got involved in the buying and selling of cryptocurrencies to try and make a quick buck, most people who are enthusiastic about the world of blockchain are in it for the long haul. 

These are usually the people who are going to be more likely to actually use their Bitcoin and other cryptocurrencies as a payment tool and not just as a storage of wealth or a trading tool. This guide looks at a few different ways in which you can use your Bitcoin in spending capacity. 

Crypto Debit Cards

Perhaps the easiest way for you to spend your cryptocurrency is by linking up your holdings to a debit card. 

These days, many of the leading card providers such as MasterCard and Visa have these types of crypto-linking debit cards. These cards can be used just like you would a normal debit card that is linked to your fiat currency bank account. 

Naturally, the most popular type of crypto debit card is going to be for Bitcoin, but there are other cryptocurrencies catered for also. 

Prepaid Cards

There…

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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions…

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Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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