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Top 10 Reasons Why Bitcoin Will Outperform Competition

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Bitcoin Competition

This is a guest post submitted on CryptoTapas.

Majority of investors are worried about bitcoins growth due to its current market value. Actually, the sluggish performance opposes the good news about its huge growth in the near future. Experts say that the current price appears to be the inaccurate indicator of its expected market potential. However, there is no need to worry about your long-term investments. Yeah! There are few potential reasons that show bitcoin will keep on growing in the competitive market. Go through the article below to know more in this regard.

Top 10 reasons why Bitcoin will outperform the competition:

Here we have listed the top 10 reasons that prove Bitcoin as one of the most profitable investments in the cryptocurrency world:

1. Increasing traffic on bitcoin sites

Bitcoin-trafficMost of the bitcoin-related websites these days are showing massive growth in terms of visitors count; this fact is true for many big giants such as coinbase.com, Blockchain.info, Coindesk.com, Bitcointalk.org, and Cointelegraph.com, etc. The high rise in traffic reveals increasing popularity of this currency among investments. We can expect more growth among investors count in coming future.

2. Rise in bitcoin transactions

Bitcoin transactionsA few years ago, people were often seen complaining about bitcoin hoarders, but the trend has revolutionized these days. Many big brands in the business industry started accepting bitcoins for regular transactions. Some of the best examples are Dish and Dell that brought bitcoin transactions into the spotlight.


3. Mainstream coverage in the market

Bitcoin MainstreamThis digital currency was not accepted by mainstream sites for the long run; either they didn’t share any news about Bitcoin, or they created a negative environment in the market. But the coverage started following Bitcoin these days and most of the popular websites like Forbes, Entrepreneur, USA Today and Business, etc. started talking about this cryptocurrency. It has now created positive influence in the market that will definitely increase the overall value of the currency for coming future.

4. Social media hotspot

bitcoin socialIt is well proven that in today’s competitive world, social media drives the business industry. The same is true for the popularity of cryptocurrencies as well. Social media helps to set positive vibes about investing in Bitcoin, and it has now started becoming a hotspot on most such platforms. Stats reveal that Twitter had more than 550,000 tweets about Bitcoin in the past 30 days. The graph is increasing with each passing day, and investors consider it a positive sign for bitcoin to outperform competition.



5. Bitcoin activity on Exchanges

bitcoin price indexHow can we forget to talk about exchanges? In every country, exchanges work like the foundation of bitcoin activity. A few years ago, lesser number of exchanges were focused around Bitcoin, but the adoption rate has increased with time. The health of Bitcoin in almost every country is improving now, and it is attracting more investors to focus on Bitcoin. The scenario is positive in most countries including US, China, Belgium, and Russia as well.

6.  Venture capital funding

Stats reveal the impressive performance of Bitcoin in the business industry for the current year. The rising number of bitcoin businesses and increasing venture capital may lead to a valuable impact on the Bitcoin market. Venture capital brings new connections and advises with it, and such updates are more useful for the future growth of this cryptocurrency. Businesses are going to help in growth of Bitcoin infrastructure, and with time, this currency will become easier to sell and buy. Venture capital funding will ensure positive returns with easy investment opportunities in near future.

7. Clarity on regulations

Bitcoin regulationsAlthough we always hear that bitcoin can work independent of government regulations as it is a decentralized network, there is something important to know about clarity on regulations. As most governments around the world are talking more about bitcoin adoption, it has created a buzz in the market. People have now become more familiar with Cryptocurrency, and they are finding wider stage for its adoption. Studies reveal that clarity on bitcoin regulations is an important concern for venture capitalists and other businesses. It is always good to know whether government is in favor of your business or not. Few countries such as Japan have given negative response for regulation of bitcoin; others are making efforts for fast approval to regulation. The latest updates for the same have been received from US Federal regulator and NY State.

8. Introduction to new financial tools

bitcoin-financial-toolsWell, the great news for investors is that Exchanges have now taken a step ahead to add new products and services so that people can find easy options for trading. Although this addition may create controversies for some time, these new tools and products are expected to enhance the flow of Bitcoin in the market. It will naturally improve the trading opportunities for the currency and ensure huge growth in the future.



9. Rise of new bitcoin communities

It is good to know that Bitcoin is now expanding over the world. The grassroot communities these days are working hard to build Bitcoin infrastructure in the market. With the changing scenario, it has now introduced new people to the Bitcoin industry. It seems like the seeds have been planted now and it will show dramatic growth in the near future. The cryptocurrency driven network will sustain in the market for long run.

10. Companies are in search of new talent

The bitcoin companies around the world these days are looking for new talent to ensure growth in the competitive market. Experts believe that new talent is expected to bring connections, knowledge, experience, and legitimacy to the bitcoin market. Many big business tycoons are showing their interest in bitcoin industry; the Silicon Valley veterans and jumping into crypto world. All these aspects show how influential the bitcoin market can be in near future. The Bitcoin movement is expected to change the world by providing new investment and growth opportunities.

With all such positive factors, we can say that bitcoin will definitely outperform in the competitive market, and it will ensure great returns to the investors in the coming years.



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IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

This is a guest post. We do not endorse or guarantee the accuracy of the information and claims made.



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Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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