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What Will It Take For Bitcoin (BTC) To Rise Again?

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It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.

What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.

Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.

What does Bitcoin need in order to have another bull run?

1. Bringing regulation

The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and evolving. This is a good thing since it shows that there is activity, the market is advancing. However, many believe that it will soon reach the state where it cannot keep evolving on its own, which is when regulations will be necessary.

Regulations will also encourage large institutions to join the trading, and bring additional funds to the market. This is the money that is desperately needed in order for crypto space to grow and develop further. It is what fuels it, and what will help it mature. Furthermore, regulations will make the industry more transparent, reliable, compliant, and trustworthy.

2. The approval of Bitcoin ETF

Bitcoin ETF approval is another thing that will likely spark the price of Bitcoin, and bring it back to its feet. Trading ETFs instead of actual BTC would allow cryptos to indirectly enter the traditional stock market, attract more attention, get more money, and serve as a bridge between crypto and traditional finances.

It would bring a huge change to the crypto space, which is why it was desperately sought after by companies for years. However, until this point the US SEC remained strongly against this concept, rejecting all applications. Many believe that approving only one such application will cause the next Bitcoin boom, but this has yet to happen.

3. Solving scalability issues

Ever since it was created, analysts predicted that Bitcoin will have scalability issues. It is only capable of achieving a few transactions per second, which was not a problem at first. But, as its popularity grew, more people started making transactions, and eventually, they created a long line of transactions, waiting to be validated. This is when people realized that a new solution is in order. Some tried to deal with the issue by creating another coin that would resolve the issue.

Others attempted to try and find a way to make Bitcoin better. One such solution that can help Bitcoin grow once more is the Lightning network, that has the potential to allow users to send payments to each other on a different level. Those would only be small payments that would not be recorded on the blockchain. Instead, two parties would be able to send BTC to each other via special tunnels, and only when they are done, and the tunnel is closed, would the final result be recorded.

While this would not work for large payments, the solution would hugely reduce the number of transactions in need of recording. The result would be much faster, and a lot cheaper Bitcoin. With that in mind, it is clear why such a solution is deemed extremely valuable to the BTC ecosystem.

4. Mass adoption

Over the last two years, Bitcoin became truly known throughout the world. While many remain skeptical of it to this day, others have started to accept it. Even some retailers decided to open up towards crypto and accept it as a legitimate payment method. While this is a very important first step, Bitcoin is now ready for another one — the adoption by larger retailers.

In order for BTC to enter mainstream usage, businesses need to start accepting it. This is their personal decision, and they are the ones that need to make it. Bitcoin needs their help in order to continue its development, and they need to adopt it in order to stay relevant. Making such a move is in everyone’s best interest, which is why retailers are encouraged in multiple ways to make it. Until that happens, Bitcoin supporters will have to keep using a few businesses that did open up to crypto and wait for this situation to change. Once it does, Bitcoin will surely reach the same heights as it did before.

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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

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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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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