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Why Bitcoin, Ethereum And Altcoins Are So Weak in 2018

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While Bitcoin has achieved much in less than a decade they have been around, it would seem that this year has been particularly harsh. Even though it is still a large trend, something has caused the crypto world to seemingly lose its momentum. So, today, we will explore what has been bugging cryptos in 2018.

So far, 2018 has been quite an eventful year for cryptos. The market went from its peak to its presumed bottom in a matter of days back in January. Numerous times since then, the stubbornly bearish market hinted at going bullish, only to crash once more, and take everyone’s’ hopes with it.

Hack after hack after hack hit the exchanges, wallets, ICOs, and everything else crypto-related. And, let’s not forget the controversies, accusations, lawsuits, the issue of centralization and decentralization, and the number of altcoins going up to over 1800. According to many experts, it is a miracle that the crypto market is still around at this point. And, while the year has obviously been extremely tough, we should now take a look at some aspects that have made an impact on the situation, for better or for worse.

The capital pool

In order to see the situation regarding the crypto market’s capital pool, let’s start with retail. Retail has developed a large interest in cryptos on several occasions in 2017 and 2018 due to the belief that there is an easy profit to be made. Each time it has happened, the cash flow seemed to help the market a bit, but it never received enough to take off.

Then, there is a controversy about early adoption. Despite the big popularity of ICOs, especially at the beginning of the year, a lot of coins were ruined before they even started due to fear of scams and Ponzi schemes. Nobody was willing to jump the gun, which in the end led to more damage done to the market.

Of course, institutional investors did not help at all. Those against the trend continued to bash it at any given opportunity, and they also have some pretty influential names among them. Pro-crypto institutional investors, on the other hand, while supportive, had to remain careful and hesitant. And, while their contribution is one of the largest sources of cash flow to the crypto space, the amount invested has not been nearly as big as it could have been according to estimations.

The leaks

While the capital pool already suffers due to a lack of trust, security, and a threat of scams and schemes, there are other issues that are constantly draining it.

One of the largest issues is mining inflation. According to statistics, over $30 million worth of cryptos are entering the market every day. That is almost $11 billion on annual basis. While the mining is a necessary part of decentralization, the new coins are definitely helping the bear market, instead of turning it bullish.

The next big issue is taxes. The governments are quickly finding a way to subject cryptos to taxation, which is draining the space even more. Additionally, there are things like leverage and various fees within the exchanges themselves. The exchanges cannot be eliminated since they are needed for coin trading, and until the truly decentralized exchanges emerge, the crypto holders are stuck with these ones.

Finally, there is the so-called demise of altcoins. A lot of these coins suffered greatly from price declines, and have damaged the market even more than it would be damaged without them. Their popularity came from investors who wanted to take advantage of their low price, and when it went up, more people came. Then, the prices went down and pulled all of these investments with them.

For now, it is unknown what the future of cryptos will hold. While many are hoping for a bullish market, there are also those who foresee the disappearance of cryptos. While this will hardly happen, we still have to wait for the proper conditions that would turn the market into a profitable space once more.

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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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