Is Bitcoin Back? Market Shows Tremendous Growth

Bitcoin has seen tremendous growth so far this year. Year to date, BTC is experiencing +169% with a current price of $10,123. We have recently seen a sell-off in Bitcoin which we will explain in the report below. Despite BTC showing strong growth this year, most of the growth occurred in the beginning of the year. We can see that by tracking the following metrics. We can see as the duration decreases, Bitcoin has slowed down in terms up upward momentum.

Bitcoin Reverses Sentiment From 2018 – Outperforming Markets in 2019

Bitcoin has been in the news frequently in 2019 as its showed much promise. The emerging asset class came off a brutal year in 2018 and some called it the end to Bitcoins future. With the Bitcoin community being so large, this price action did not faze many people who still believed in the long-term value of Bitcoin. Industry followers and enthusiasts continued to label Bitcoin as “undervalued” and price deflating due to short-term news developments and uncertainties. In less than a year, Bitcoin fell from $19,783 in December 2017 to $5,500 in November 2018. After much scrutiny, Bitcoin was able to recover in what some are calling the “strongest recovery in market history.” The sell-off last year was hard to swallow, but many who were “dollar cost averaging” on the way down have done extremely well this year. Some of the developments that pushed down Bitcoin were:

The Beginner’s Guide to Investing in Bitcoin” (including $10 free Bitcoin as you get started)

Are you ready to dip your toe into the world of Crypto? If so, you’re not alone! Google searches for “Bitcoin” are on the rise, as is the Cryptocurrency itself. $100 invested at the start of the year would now be worth over $250!

So, how to get started? The good news is, there’s a wealth of great articles online that’ll teach you all the theory. But nothing replaces first-hand experience. This Beginner’s Guide cuts through all the jargon and complex trading techniques, to get you making your first confident Crypto trades as soon as possible. Along the way, you’ll have fun, hopefully make a small profit (including $10 free Bitcoin as you get started), and lay the foundation, should you wish, to become a serious cryptocurrency investor!

Libra Cryptocurrency Could Be the Ultimate Winner – Bitcoin and Ethereum Have Deffects

Blockchain backed by Facebook and other big companies wants to be more reliable and mainstream than established cryptocurrencies. From technical points to governance, here is what Libra cryptocurrency proposes:

Libra cryptocurrency marks a milestone in the history of cryptocurrency: never before has such a currency been designed and supported, not by one, but by 28 companies, many of which are world-renowned. In a world fraught with frauds, bugs, and cyber fraud, some could see Libra as the first final “frequentable” cryptocurrency. It is true that it is built around stability as a mantra, even if it means sacrificing this decentralization that made the eyes of blockchain activists shine.

The Bitcoin Rally Up 132% Year-to-date. Why?

With the launch of several new products, Bitcoin future contacts hit a new high in future volumes.  This is the same Bitcoin that in November of 2018 had us asking Where is the Bitcoin Bottom?

Even though on a technical basis it appeared ready for a bounce, the news for Bitcoin has just been getting better as more and more large American companies become involved.

Here are some reasons why Bitcoin is having a great 2019:

Will Bitcoin Be Valued at Zero?

  • Jeff Schumacher predicted Bitcoin going to zero and said that Bitcoin as a currency was not based on anything, but added that he liked the technology behind it adding “if it became the standard currency and because of the Proof-of-Work model that it sits on; if it got to be the gold standard… if Bitcoin was pegged against gold standard which is about seven trillion-ish dollars it would be responsible for 20% of the world’s co2 production. So just by that alone tells you it’s not it’s not gonna be the go-forward thing, at least for my view.” Glenn Hutchins said that he agreed partly with Jeff Schumacher and said that Bitcoin will not be the major coin in the industry.

Blockchain App Factory Adds Margin Trade and Perpetual Swap Contracts to its Whitelabel Cryptocurrency Exchange

Blockchain App Factory, is a leading cryptocurrency exchange development company, added features to its trading platform; margin trading and perpetual swap contracts. There has been a massive push by institutional investors to introduce futures trading for bitcoin and other cryptocurrencies.

The Regulatory Bodies are sceptical about margin and futures trading with Bitcoin. However, with perpetual swap contracts, we might be able to bring the stability the authorities are looking for to declare Bitcoin as an asset for trade,” said the spokesperson for Blockchain App Factory.

Margin trading is a highly lucrative and risky trade practice due to the presence of lending companies. Lenders provide leverage for traders to invest in cryptocurrencies, and lenders are benefitting from the interest. Exchanges can integrate their lending partners, thereby, creating a win-win for the exchange and the investors.

Where is the Bitcoin Bottom?