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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

Why Chinese New Year Affects Bitcoin (BTC)

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Bitcoin (BTC) lost about $100 in value in the last week, and, while reasons behind the drop in crypto prices can often be hidden and unclear — this time, that is not the case. The reason for this drop is believed to be the celebration of the Chinese New Year.

The New Year celebration was over more than a month ago for most of the modern world. However, things are a bit different in China. This is a country which is considered to be one of the oldest ones in the world, with a long and complex history. The country’s traditions are fascinating to many around the world, as so many of them are different from western culture. One of these traditions is the Chinese New Year.

The New Year celebrations in China start on January 28th, which was a week ago. The New Year itself is today, February 5th, although the celebrations and festivities are going to last until February 19th. For the people of China, and all those around the world who follow the country’s tradition, this is the time to relax, take a break, and perhaps travel and visit friends and family. But, what does it have to do with Bitcoin?

China and Bitcoin

Those who are new to the world of cryptocurrencies have likely already heard many stories about China banning Bitcoin trading and…

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EO.Finance Launches Highest Paying Crypto Referral Program of 2019

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The EO Referral Program, already touted to be a significant addition to the ecosystem has been launched, and more details can finally be revealed. Offering 30% of transaction fees for each referral, it is expected to be the highest paying crypto referral program of 2019.

 

Each user will receive their own unique invite link, which can be shared with friends or via social media, in order to start earning 30% of the companies fees for every transaction made by someone who registered using their unique link. Furthermore, receive 5% of the fees for each new referral introduced by your own referral, increasing earning potential and adding even more benefits to an already feature-packed ecosystem. The fact the ecosystem supports credit and debit card transactions, as well as more than 40 cryptocurrencies means it will be even easier for you to start earning from your referrals.

 

The EO Referral Program will also extend to EO.Trade following launch, meaning it will be possible to earn from a single referrals transactions across multiple products within the EO ecosystem. It is important to note that the figure of 30% is significantly more than most competitors offer.

 

Payment will be made in the same currency as was purchased or exchanged. Withdrawal of the profits earned via the program can be made instantly, meaning you can earn immediately from your referral.…

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Is Bitcoin (BTC) Ready for Another Surge?

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It is no secret that Bitcoin (BTC) has had a rough 2018. The coin has dropped by over 80% from its all-time high in a matter of months, it experienced two market crashes, a constantly bearish market, and even troubles within its own ecosystem. Crypto investors spent the entire year hoping for a surge that never arrived, and since BTC is the most influential coin within the crypto space, its behavior usually dictates the pace for other coins as well.

Then, the year finally ended, and investors believed they could finally start anew, hoping to see BTC perform better in 2019. While Bitcoin is certainly performing better than in 2018, the current state of things is still far away from a rally. However, there is a possibility that this might change in the future.

Projects that could have sparked the next rally

As mentioned, crypto investors around the world were hoping to see a new price surge with the arrival of the new year. So far, this has not happened, and while there were several events believed to be able to boost BTC value, several complications prevent them from occurring.

One of them is the launch of the Bakkt Bitcoin Futures Exchange, which was scheduled to happen on January 24th. However, due to the long-lasting US government shutdown, the exchange failed…

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