This Cryptocurrencies Doesn’t Need Bitcoin For Big Profit

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This Cryptocurrency Doesn’t Need Bitcoin For Big Profit

Why Wait For Bitcoin When This Token Has True Value

With Bitcoin languishing at long-term lows traders are wondering when, or even if, a recovery in the worlds leading cryptocurrency will ever happen. The good news for traders is that you don’t have to wait for BTC to recover to make money in cryptocurrency. There are several tokens on the market with true value that will drive their prices higher regardless the price of Bitcoin. What drives value in these tokens is their utility. They’re designed to perform a function and by all accounts those functions are seeing use. The one I want to share today is the Basic Attention Token.

The Basic Attention Token – BATcoin A Token With Pop, Pow, Bang!

The Basic Attention Token is the native currency of the BRAVE browser network. The BRAVE browser is a decentralized block-chain based web browser focused on privacy and anonymity. The browser blocks all adds and all data tracking unless you allow it. The service functions using the BAT coins, browsers are rewarded for surfing and viewing ads with tokens. What this means for advertisers is that they can control ad dollars by only paying for ad placement on browsers where people are requesting their ads. What it means for web-surfers is the ability to earn money simply by using the Internet and viewing ads you may already be seeing.

The catalyst for this token will be adoption of the BRAVE network. According to recent reports the network now has more than 3 million active users and is expected to double that in the next 6 months. Scandals with sites like Facebook where privacy seems to be a commodity for sale will help drive usage as more and more web users seek a safer solution. As more and more people use the system, more tokens will be required and that demand will drive prices for BAT higher. Early adopters of the token will be rewarded the greatest as there are

On a technical basis the Basic Attention Token is showing considerably resilience in the face of continued weakness in the broader cryptocurrency market. The token has outperformed even its base token Ethereum and is poised to move higher. The toke is more than 60% above its long term low while BTC is trading at a 6 month low, and the price action is favorable. The indicators are also favorable, suggesting underlying strength in the market and forming bullish crossovers. A move up may find resistance at the $0.30 level but a move above that would be bullish. Once the rally starts a move up to $1.00 will probably happen fairly quickly. PS. I own BAT.

7 Explosive Cryptocurrencies to Buy for the Bitcoin Halvening

Cryptocurrencies could be due for big gains in 2020, and these altcoins will likely lead the rally

The third big “bitcoin halvening” is coming in May, and according to our very own Matt McCall — whose Ultimate Crypto portfolio has averaged a jaw-dropping 70% gain over the past five weeks alone — that’s a huge reason to be bullish on cryptocurrencies in 2020.

But, before we jump into understanding what that halvening is (also referred to as a “halving”) and which cryptocurrencies to buy for 2020, let’s first understand why cryptocurrencies as a broad asset class have a bright future.

The core purpose of cryptocurrencies is relatively simple: leverage technology to eliminate the middle-man in financial transactions and make buying and selling things less costly and more efficient. Through the blockchain — a decentralized public ledger of transactions that anyone can view consistent across the whole network, unable to be edited and/or updated unless the whole network agrees with the update — cryptocurrencies are able to conduct and verify financial transactions without needing any central oversight.

That may sound like a mouthful. It’s not. Traditional currencies need big banks to oversee and verify all transactions. Cryptocurrencies do not. This means they’re less costly and more efficient than traditional currencies, because there’s no middle-man to pay and no paperwork to fill out.

Sure, there are risks to cryptocurrencies achieving mainstream adoption and overtaking government-backed currencies. But, lower transaction costs and quicker transactions are large enough value props to warrant there being a bright future for cryptocurrencies (even if they don’t take over the world).

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Why the Halvening Is Bullish

Now, let’s take a deeper look at why cryptocurrencies will rise in 2020.

Two key characteristics of bitcoin are limited supply and constrained supply growth. That is, there are a fixed number of bitcoins in the world (21 million).

The bitcoin world started with most of those bitcoins being locked in the system. Each time an individual updated bitcoin’s ledger (also called “mining”), the individual would unlock new bitcoins. But to constrain supply growth and retain incentives for mining, the bitcoin system is set up so that every so often, the amount of new bitcoins unlocked for mining a block is halved.

So far, bitcoin has undergone two halvings. After the first halvening in 2020, bitcoin prices rose about 8,000% over the following 12 months. After the second halvening in 2020, bitcoin prices rose about 2,000% over the following 18 months. In both instances, many alternative cryptocurrencies actually rose far more than bitcoin.

In other words, bitcoin halvings have traditionally been exceptionally bullish catalysts for cryptocurrencies. And that makes complete sense. According to Will Cong, Associate Professor of Finance at Cornell University, “money supply and velocity would be important determinants” to the value of bitcoin and other cryptocurrencies. At the end of the day, prices are determined by supply and demand. If supply growth slows, and demand growth doesn’t, then prices should go up.

The third bitcoin halvening is coming in May 2020. The number of bitcoins unlocked for mining one block will fall from 12.5 bitcoins, to 6.25 bitcoins. Because of this halving, bitcoin’s supply is expected to rise by just 2.5% in 2020 — an all-time low for the cryptocurrency — and less than 2% in 2021.

Concurrently, demand growth should accelerate in 2020, driven by the introduction of more financial derivative products, broader support from central banks and increasing recognition of bitcoin as a digital store of value.

Bigger demand growth plus lower supply growth equals higher cryptocurrency prices. That’s largely why Matt McCall, who has already picked one 100%-plus altcoin winner this year, thinks that the best of the big 2020 cryptocurrency rally is still ahead of us.

It’s also why I’m bullish on cryptos in 2020, and these seven cryptocurrencies are ones to keep an eye on in the coming year:

Cryptocurrencies to Buy for 2020: Bitcoin (BTC)

Of course, the most obvious cryptocurrency to buy for 2020 is bitcoin. Over the next few months, bitcoin will be a direct beneficiary of slowing supply growth and accelerating demand growth across the cryptocurrency world.

On the supply side, the third halving in May will directly impact the amount of new bitcoins coming into market, and will lead to relatively slow supply growth.

Meanwhile, on the demand side, bitcoin demand will move higher in 2020 simply because this is the “gateway” into cryptocurrencies for new investors. That is, as new investors enter the cryptocurrency market over the next few quarters, most of them will likely start by getting their feet wet with bitcoin, implying that cryptocurrency demand growth in 2020 should run largely parallel to bitcoin demand growth.

Accelerating demand growth plus constrained supply growth will lead to higher prices for bitcoin in 2020.

Zcash (ZEC)

Privacy is a top priority in the cryptocurrency community, and privacy-focused coins will likely win big in 2020. That’s why McCall has picked top privacy coin Zcash as one of his top altcoin investments for 2020.

Zcash, which is already up about 30% since McCall recommended it about a month ago, is a pure play on the growing importance of privacy in cryptocurrency.

That is, the first wave of cryptocurrencies was all about decentralization …

“Existing currency valuation models do not quite take into consideration decentralization — a potentially distinguishing feature of cryptocurrencies,” says Professor Cong.

Now that cryptocurrencies have gained more mainstream traction and are starting to exhibit staying power, it’s time for another distinguishing feature to emerge — privacy. Privacy is one of the more important and discussed characteristics in both the crypto world and the financial transaction world at large.

As the importance of privacy grows in the crypto world, privacy coins will outperform, and Zcash looks particularly primed to outperform given the company’s recent pivot into private mobile transactions.

Ripple (XRP)

A leading altcoin positioned for potentially big gains in 2020 is Ripple.

Ripple is a company which leverages blockchain technology to enable banks, payment providers, digital asset exchanges and corporations to send money globally, usually using the company’s cryptocurrency, XRP.

In many ways, then, Ripple is the infrastructure behind cross-border cryptocurrency payments.

As cryptos gain more mainstream traction, Ripple is adding more and more banks and various other customers to its network. Most recently, the National Bank of Egypt just partnered with Ripple.

More and more banks will partner with Ripple in 2020 as cryptocurrency awareness and demand rises. As it does, the price of XRP will rise, too.

Basic Attention Token (BAT)

One of the more interesting cryptocurrencies to watch in 2020 — and which could explode higher — is Basic Attention Token.

The core idea behind BAT is pretty simple. The digital advertising model is broken, in that user and advertiser incentives are not aligned. Instead, they run opposite one another. That is, advertisers want users to watch their ads, while consumers want to skip the ads.

The idea of BAT is to realign the incentive structure in the digital ad network so that user and advertiser incentives match one another.

To do this, users get paid Basic Attention Tokens to watch ads in the Brave browser, so that they are now financially incentivized to watch the ad. The end goal, of course, is that more consumers watch ads, and advertisers sell more product/generate more brand awareness.

It’s a pretty smart business model.

And, as cryptocurrencies gain more mainstream consumer traction in 2020, this smart model for compensating users to watch ads should similarly gain traction. As it does, the price of BAT should rise.

One of the hottest cryptocurrencies, and one which Matt McCall thinks will remain red hot for the foreseeable future, is Chainlink.

In his Ultimate Crypto portfolio, Matt first recommended Chainlink in early January at a price of $2.09. Today, Chainlink trades hands at $4.50, up a whopping 115% in just over a month. What’s more, that 115% return over the past month, follows a 450% return in 2020.

In other words, Chainlink has been scorching hot. Strengthening fundamentals imply that it will remain hot for the foreseeable future.

Specifically, Chainlink leverages blockchain technology to create smart contracts, which are essentially self-executing contracts that can be executed without central oversight.

But businesses have been slow to adopt smart contracts because data is integral to executing these smart contracts, and there hasn’t yet been a reliable way to connect external data with the smart contract.

That’s exactly what Chainlink does. So, they provide a very necessary gateway to usher in broader adoption of smart contracts. This adoption uptake in 2020 will provide a natural tailwind for LINK, and the coin’s red-hot rally will likely persist.

Synthetix Network Token (SNX)

The Synthetix Network Token is a cool platform in the ethereum ecosystem which leverages blockchain technology to help bridge the gap between the often very obscure cryptocurrency world, and the far more tangible traditional asset world.

That is, in the Synthetix Network, there are Synths, which are synthetic assets that provide exposure to assets such as gold, bitcoin, U.S. Dollars and various equities like Tesla (NASDAQ: TSLA ) and Apple (NASDAQ: AAPL ). The whole idea of these synthetic assets is to create shared assets wherein users benefit from asset exposure, without actually owning the asset.

It’s a very unique idea, and a promising project in the ethereum landscape. Because it helps bridge the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that are often missing in other cryptocurrency assets. This familiarity and value ultimately position SNX price to rise in 2020.

DxChain Token (DX)

On the smaller side, a cryptocurrency which look like an interesting speculative buy in 2020 is DxChain Token.

DxChain is a very ambitious project which aims to use blockchain technology to solve the world’s data computation, storage and privacy issues. It’s a tall order. But, if it works, it could yield huge results in terms of DXC usage and value growth.

In 2020, data privacy concerns are front and center. As such, privacy-focused coins should rise. DXC is one of the more interesting privacy-focused coins with potentially huge long term upside.

While it’s still all very speculative, those attributes may make this altcoin worth the risk over the next few quarters.

New technologies are often undergirded by periods of rapid, exponential growth … before either dying out in supernova fashion or normalizing to meet realistic expectations. So when cryptos had their first “once-in-a-lifetime” event in 2020 — which turned every $1,000 into $93,000 — the spectating world thought they had missed out.

Then came the next life-changing event in 2020, turning every $5,000 into $123,000 … that was assuredly the big boom that you either rode to 25x gains or, well, you didn’t, right? Wrong.

The key to this explosion is the Halvening. Don’t miss out this time!

As of this writing, Luke Lango did not hold a position in any of the aforementioned securities.

Cryptocurrency: 5 Ways To Profit From A Market Crash

There are many ways to profit if crypto markets crash. Shutterstock

Recently, a range of analysts have weighed in on whether cryptocurrencies are in a bubble.

There is certainly cause for concern, as the total market capitalization (market cap) of these digital assets has surged from less than $18 billion to nearly $180 billion this year, according to CoinMarketCap.

However, these currencies have been suffering some weakness lately, as many have dropped significantly from their peaks.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

How To Profit

Should the crypto markets crash, there are several ways that investors can profit.

Coping With Big Data And Big Influence

Bitcoin Declines Below $5,800 As Downward Trend Continues

Will Cryptocurrencies Break The Internet Or Break The Bank?

As for which approaches are best, investors will need to decide for themselves.

This choice will depend largely on their risk tolerance, as well as where they believe the markets will go next, said Charles Hayter, co-founder and CEO of digital currency platform CryptoCompare.

This article reviews five specific methods that investors can use.

Investors can benefit significantly from buying the dip. Shutterstock

1)Buy The Dip

Buying the dip can generate compelling returns.

However, in practice, pulling this off effectively may be easier said than done.

Using this strategy successfully requires an investor to time the market, something that many market experts have described as very challenging.

“B uying a dip in a crash can be difficult,” emphasized Yazan Barghuthi, project lead at blockchain company Jibrel Networks, “because when do you know it has bottomed out?”

He noted that after peaking in 2020, Bitcoin prices gradually lost value for about two years.

Petar Zivkovski, COO of leveraged digital currency platform Whaleclub, also spoke to the caveats surrounding this particular strategy.

“B uying the dip only works in a general bull market,” he said. “If the global trend reverses, buying the dip is useless.”

Zivkovski further warned traders against relying on the assumption that Bitcoin will always rise in value.

Pinpointing the best opportunities can prove quite helpful. Shutterstock

2)Pinpoint Strong Opportunities

Investors should keep in mind that even if the broader cryptocurrency market crashes, some of these digital assets could hold up very well.

Marshall Swatt, founder and CTO of Coinsetter, which was acquired by Kraken, commented on this situation.

” Just like the NASDAQ bubble, there will be companies and tokens that go on to be very successful, perhaps a future Amazon,” he stated.

Vinny Lingham, CEO of Civic, suggested that investors “f ind quality coins with teams you can trust to execute and weather the storm” and then hold.

Swatt offered specific suggestions for evaluating tokens, advising that investors look for digital currencies that have a solid foundation and compelling business model.

Market crashes offer numerous opportunities. Shutterstock

3)Hold On For Dear Life

One way to weather a crash in digital currencies is to Hold On For Dear Life, a strategy that many in the industry refer to simply as HODL.

Basically, this means buying cryptocurrencies and holding on to them for a substantial period of time, regardless of how much the digital assets fluctuate in value.

Barghuthi described this approach as a “classic,” stating that “plenty of investors will probably use” it if the market crashes, said Barghuthi.

While holding in this manner is certainly a viable strategy, investors who use it should stick to holding the top five cryptocurrencies by market cap, said Zivkovski.

4)Exiting To Fiat Currencies

Some traders suggest flocking to fiat currencies when crypto markets crash.

Crypto Asset Management, for example, frequently uses this approach when these digital assets decline, said Tim Enneking, the firm’s managing director.

However, Swatt emphasized that using this strategy successfully may be easier said than done.

” Exiting to fiat requires that you be able to time the market, both when you exit and again when you return,” he said. ” The smartest strategy is to allocate money you can afford to put at risk, and then stick with your plan regardless of the variations in the market.”

5)Shorting Bitcoin

If done correctly, traders can generate very robust returns by shorting Bitcoin, an opportunity offered by many exchanges.

Bitfinex, Poloniex and Kraken all offer this functionality, noted Enneking.

However, shorting is a strategy for more sophisticated investors, asserted Swatt. This approach is very risky, he noted.

Before using any strategy in an effort to profit from a market crash, investors should be sure to perform their due diligence.

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