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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Bitcoin

New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin

Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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