When Might Bitcoin See Another Rally? - Global Coin Report
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When Might Bitcoin See Another Rally?

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It appears that the time has come and that the crypto market is finally ready to shake off the bears, and start a new rally that will restore the coins’ prices. Bitcoin investors are particularly impatient right now, as the coin shows clear signs that it wants to grow, although one big resistance stands in its way.

At the time of writing, Bitcoin is struggling with overcoming the price of $4,000, constantly approaching it only to be brought back down. It did manage to break the resistance a few times now, although a correction followed nearly immediately, preventing the coin from breaking free, and confusing the investors who are wondering whether to buy, sell, or HODL.

Judging from its performance in the past, Bitcoin has the potential to reach at least $20,000, possibly more. Every time the coin hit the all-time high in the past, it was brought back down, only to rise even further during the next rally. If this happens again, its price may exceed $20,000, maybe even during 2019.

However, if we take a look at what is currently going on, some might say that this is unlikely, and for several reasons. One of them is the fact that the interest in Bitcoin has dropped, mainly because trading it is not making as much money as it used to. In addition, the investors’ attention has split, and many are now focusing on the other parts of the market as well.

This does not mean that Bitcoin’s influence or popularity are going down, however, as the coin still dominates the market by far. However, it is not receiving all of the attention, which can be felt in its performance.

What does Bitcoin need in order to surge?

Those who know Bitcoin from the “old days” know that the coin needs to re-awaken the investors’ and traders’ interest. If the investors start making money by trading it again, more cash will flow into the market, and Bitcoin will be able to grow once more. However, one theory is that this will not happen without institutional investors this time.

The last time Bitcoin grew was just after cryptocurrencies exploded back in 2017. Thousands upon thousands of new investors came to the market due to the rising prices, and they were ready to invest large amounts of money into pretty much anything. This was a period of hype that carried BTC to massive heights. However, the hype has died after the market crash in January 2018, and it is unlikely that it will come back.

Those who dared to invest large amounts back then experienced a harsh burn when the prices crashed, and the memory of the losses still remains. However, institutional investors are experienced enough to know when to invest and when to step back, which is why most of them would know how to handle volatility.

If institutions, such as investment firms, banks, and large businesses were to invest in Bitcoin, their competition would join up as well, and the cash flow could result in millions, if not billions of money flowing into the crypto market. This is the ideal scenario which may even bring cryptocurrencies to mass adoption, although this is unlikely to happen due to regulatory uncertainty.

However, it would be a start that would once again inspire trust in smaller investors, who would potentially return to the crypto space. All that BTC needs is to start growing seriously, and the new wave of excitement would follow, only this time, investors would know what to expect, and how to handle the situation better.

Naturally, this would mean that the massive sell-off would arrive at some point as well when Bitcoin completes the “positive” part of its cycle and starts its natural drop once again. However, as mentioned, investors would be ready for it, and the next bear market might not be so damaging as the one that struck in 2018.

To put it simply, Bitcoin will likely show serious growth only when it attracts the interest of institutions, and when things start happening outside of the markets. The positive thing is that some institutions have already started making careful steps towards investing in crypto and blockchain, although they are still extremely careful. While this is a positive thing, it means that Bitcoin is still running on empty and that the situation needs to change in order for a real growth to occur. Once it happens, the hype might follow once more, and the new rally would likely be able to bring the coin back to $20,000, if not even further, as it happened in the past surges.

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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

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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