More

    Bitcoin Fundamentals Were on Full Display During the Rigid Crypto Bear Market of 2018

    During 2018, Bitcoin (BTC) experienced a bad year in terms of price performance. Nevertheless, Bitcoin’s fundamentals behaved and performed very well compared to its price. Jameson Lopp, the CTO at Casa has written a complete report regarding Bitcoin’s performance during the last year.

    He explained that taking into account other metrics rather than the price, Bitcoin performed very well in 2018. This shows that Bitcoin is growing fast, even during bear markets when investors are not as active as during bull markets.

    For example, the number of Bitcoin ATMs increased 100% just in 2018 and the network hash rate has also grown during the year. The same happened with Segregated Witness (SegWit) and also the Lightning Network (LN).

    According to Michael Novogratz, a recognized investor and crypto supporter, Bitcoin will continue to be the dominant currency in the market for a long period of time. This is due to the fact that there are some institutional projects being built around the most popular digital currency in the market.

    Thomas Lee, the head of research at Fundstrat Global Advisors, has always been very positive and bullish about Bitcoin’s price. At the same time, he mentioned that institutional investors allowed Bitcoin to outperform other cryptocurrencies.

    There are several companies that are very interested in Bitcoin. One of them is the Intercontinental Exchange (ICE), which will soon be launching the so-called Bakkt platform. Bakkt will be offering physical-backed futures contracts with Bitcoin. It is also possible for Bitcoin to see the approval of the first-ever Bitcoin exchange-traded fund (ETF).

    Moreover, during 2018, altcoins fell even harder than Bitcoin and experienced difficulties within their networks. As the founder of ethhub, Eric Conner, says, several low and mid-cap coins have 51% attacks and exchange delistings. He believes that this will continue to happen during 2019.

    A few days ago, Ethereum Classic (ETC), a top 20 digital asset, experienced a 51% attack with double spends that resulted in the loss of several ETC tokens.

    Although several ICO tokens and altcoins were created during the last year, Bitcoin remained the strongest asset in terms of fundamentals. Developers keep working and it was able to resist a very hard bear market. In the future, Bitcoin seems to remain as the leader in the crypto space.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,292FansLike
    2,768FollowersFollow
    4,136FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Ethereum (ETH) Price Analysis (February 26)

    • Price now falling towards the support level. • Sellers working hard to invalidate the bullish pattern. ETH/USD Medium-term Trend: Bullish • Resistance levels : $260, $270,...

    Chainlink To Launch Its First Oracles Outside Ethereum on Polkadot Blockchain

    Chainlink’s oracles have become a popular solution for Ethereum based DeFi’s as blockchain innovators seek to integrate their smart contracts with external data for...

    New Zealand Aims To Abolish Cryptocurrency Sales Tax While Income Tax Would Remain

    Quick Read: The New Zealand Inland Revenue Department is calling for a revision of current Goods and Services Tax laws that are unfavorable to...

    Is A Fed-Controlled Digital Dollar A ‘Win' For the Public; Will it Pave Way For Faster Payments?

    A digital dollar means Fed will be “free to impose negative nominal interest rates on all dollar-holders,” and privacy concerns - Lawrence H....

    Revolut Crypto Investing App Valuated at $5.5 Billion After New $500M Funding Round

    The UK-based digital bank Revolut is now valued at $5.5 billion, after raising $500 million in its latest series D funding round. Raising a...

    Bitcoin Becoming A “Currency of Choice” Will Push BTC Price Up 2,500% – Tim Draper

    Bitcoin correction may end up being more than that but we're in for an interesting ride Tim Draper still holding to his prediction...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.