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One of the biggest and main markets that have benefited from the emergence of Bitcoin gambling has been online casinos. While these have existed for the better part of a decade and progressed along with many other online gambling and betting sites, Bitcoin has helped to make the online casino market even more accessible, while making depositing and withdrawing easier than ever. Bitcoin casinos have brought brand new competition to the market, and offer distinct advantages over fiat-based online operators.

Read: The Best Bitcoin Casinos & Sports Betting Sites | 2019 Official Gambling Guide

Top Casino & Sports Betting Site Independent Testers & Reviewers 2019

The following 5 companies are the best we’ve found at recommending the Best Online Bitcoin Casinos.

The first two independently test Casino games and Sports Betting sites, depositing real money and rate the Casinos on gameplay, security, deposit and withdrawal speed and overall user experience. There is nothing worse than wining big and then not being able to access your winnings. So we like the fact that they test everything out for us and give rankings on the Best Online Casinos that allow US Players as well.

The 3rd, 4th and 5th ranked Casino Reviewers have been around longer and have stellar reputations as trusted sources to aid both new and experienced players in finding the right casino. We can’t confirm or deny that they actually test the Casinos with real money, therefore justifying the slightly lower ranking. Overall though, these are 5 trusted sources, and if you’re looking for direction on safe, anonymous and secure 3D Slots, card games or betting on your favorite sports, I would definitely recommend visiting these sites before joining.

  1. Bitcoin Gambling & Sports Betting

2. Top Online Bitcoin Casinos

3. Bitcoin Casino Kings

4. Gambling Bitcoin

5. Casino.org

Do Bitcoin Casinos Have An Advantage Over Competitors?

Bitcoin casinos have only been popular for a few years, but their popularity has grown dramatically in a short amount of time. In 2012, almost all Bitcoin casinos reported lifetime highs in amount bet by consumers and also in revenue. Several Bitcoin casinos are now multi-million dollar companies with some valued as high at $10 million.

Though this is still a pittance to the billion dollar gambling faints across the world, we have to remember that Bitcoin is still relatively new and Bitcoin online gambling is even newer. Each month, more and more gambling enthusiasts learn about Bitcoin and end up heading to a Bitcoin casino as opposed to a traditional online casino. This keeps a steady stream of players headed to Bitcoin casinos, increasing not only their revenues, but also the rewards and odds that they can offer to players.

What Are The Best Bitcoin Casinos?

We have ranked and graded the best online Bitcoin casinos, allowing you to choose from tried and tested casinos. All of these sites have been tested by Top Online Casinos for user friendliness, ease of withdrawals and deposits and more, and all have proven themselves to be trustworthy.

What Games Do Bitcoin Casinos Offer?

Every game that you can find at a standard online fiat currency based casino can be found at a Bitcoin casino. While offers, bonuses and odds will all differ depending on the game provider, you can find the best of the best at a Bitcoin casino. Blackjack, the most popular casino game in the world, is well represented amongst casinos that use Bitcoin, and a long list of other casino games such as Roulette, Craps, Three Card Poker, Baccarat and more can also be found. Las Vegas favorite Keno is also an option at many Bitcoin casinos as well.

Bitcoin Slots are a steadily growing market, meaning you are sure to find your favorite slots games at the Bitcoin casinos we recommend. Newer to the scene are 3D Slots, which can be a lot of fun.

The Advantages Of A Bitcoin Casino

There are a huge number of advantages when it comes to Bitcoin casinos, but the most appealing one is that they do not require any personal information in order to sign up and play. In some cases, Bitcoin casinos do not even require an email address! All you need is a Bitcoin Wallet of your choice to deposit your cash, and then you are ready to play!

On top of this, Bitcoin offers a much faster and more secure payment method for both withdrawals and deposits at the casino. The process is simple and easily accessible, while still being safe and regulated by various bodies.

Bitcoin Casino Odds

Bitcoin casinos often offer the best odds compared to fiat-currency based online casinos or even brick and mortar establishments. While many locally run casinos rarely pay out more than 95% on slots, many online casinos will payout above that percentage.

Bitcoin casinos however, have payout percentages that are previously unseen in the industry, with some even returning up to 99% of the amount wagered to players. 

Thanks to Provably Fair gaming we as gamblers actually have a chance to leave the Casino without empty pockets!

Almost all of the games offered at Bitcoin casinos are above or close to the 97% payout rate! This gives players the best chance by far to hit it big and make some money, while giving them the best chance to stay in the action for the longest amount of time. If you’re a hardcore casino gambler who wants the best bang for his buck, then make sure that you start playing at a Bitcoin casino!

What Games Do Bitcoin Casinos Offer?

Any game that you can find in a standard fiat online casino, you will be able to find at a Bitcoin casino. With so many games on offer and plenty of bonuses and additional features that Bitcoin casinos can afford to give to their players, it’s no surprise to see many turning to Bitcoin casino games.

Whether you’re a fan of traditional table games, such as blackjack, poker or baccarat, or you’re looking to take a spin on the slot machines, one of the Top Online Bitcoin Casinos will have you covered. While slot machines were originally in short supply on Bitcoin casinos, they are now beginning to be found in abundance, meaning you have an excellent selection of games to choose from if you make the switch to Bitcoin casinos.

The Rewards & Bonuses Offered By Bitcoin Casinos

Because Bitcoin casinos are generally cheaper to run, they can offer more bonuses than a fiat online casino, meaning the players are rewarded even more. Many Bitcoin casinos offer no deposit bonuses to their players and regular rewards after this too. You’re able to deposit and cash out immediately with Bitcoin casinos, and with the majority of bonuses not having a catch of depositing a certain amount before you’re allowed to withdraw, Bitcoin casinos really are the perfect place for a gambling enthusiast.

No Registration Bitcoin Casinos

One of the biggest benefits of Bitcoin casinos is that they are wholly anonymous. Because of this, many Bitcoin casinos on the market offer a no registration experience for their players, meaning you can place your bets without having to sign up or give over any of your information – not even an email address! You can gamble and bet just as you would at a standard online casino, but you have the opportunity to deposit your Bitcoins and withdraw your winnings without any form of signing up. You can try some of the most popular Bitcoin casino games for free on our site here at Bitcoin Casino Pro, before you make the decision to place a deposit.

Anonymous Registration At Bitcoin Casinos

If you find that you prefer a site..

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Article by Billy Bambrough

Bitcoin, which many investors and traders are hoping is going to begin 2019 with a bang, has leaped sharply over the last 24 hours, adding some 6% and climbing above the psychological $4,000 mark for the first time this year.

The bitcoin price, which has been languishing at around $3,750 for the last couple of weeks, moved sharply higher after a surge in bitcoin trading volume that sent the original cryptocurrency’s market capitalization up over $70 billion, according to CoinMarketCap data.

Bitcoin, despite being the most widely traded cryptocurrency with trading volume into the billions of dollars every day, still struggles with wild price swings due to so-called market whales moving large volumes of bitcoin at above or below the current market value.

Just ahead of the bitcoin market spike last night a bitcoin whale moved some 2,500 bitcoin (worth just under $10 million) on the Luxembourg-based Bitstamp exchange, according to the Twitter price tracking bot Whale Alert. The move pushed the daily bitcoin volume up to over $5 billion, a 2019 high.

The jump in the bitcoin price sent the wider cryptocurrency market higher, with ethereum gaining just over 2% over the last 24 hours, while ripple (XRP) added almost 5%.

“A surge of 6.5% in 30 minutes is not entirely uncommon for bitcoin and could very well be caused by a single large order on an exchange or even by a lack of liquidity in the market,” said Mati Greenspan, senior market analyst at brokerage firm eToro. “What’s interesting about this move is that it did bring us above the $4,000 level and so far is holding onto the gains.”

Bitcoin isn’t the only major cryptocurrency to see large holders make big moves lately. Since Friday, more than $273 million in ethereum has been transferred in 21 separate transactions, with 10 of the largest transactions from the crypto exchange Bitfinex to unknown wallets, it was reported today by trade news site the Daily Hodl.

The largest ethereum move was worth almost $19 million.

Meanwhile, the bitcoin price is being supported by news that CoinFlex, originally a part of the U.K. bitcoin exchange Coinfloor, has announced plans to offer physical bitcoin futures to Asian investors next month.

The move by CoinFlex, first reported by the Bloomberg newswire, will put it in direct competition with the New York Stock Exchange and Eris Exchange, both expected to be offering similar contracts soon.

The move to physical bitcoin futures is seen as important to help combat manipulation in the market, with some claiming cash-settled contracts leave unregulated bitcoin and cryptocurrency markets open to abuse.

The chief executive of CoinFlex and co-founder of CoinFloor, Mark Lamb, told Bloomberg CoinFlex will offer futures contracts for bitcoin, bitcoin cash and ethereum that can be leveraged up to 20 times.

“Crypto derivatives could become an order of magnitude larger than spot markets and the main thing that’s holding back that growth is the lack of physical delivery,” Lamb said. “Volumes are reduced because of a problem of trust when it comes to cash-settled trades.”

Elsewhere, bitcoin SV, a fork of the bitcoin cash cryptocurrency, looks close to be falling out of the cryptocurrency top 10 by market capitalization as the likes of tron, cardano, stellar, and litecoin make rapid gains.

Litecoin is up by some 10% over the last 24 hour trading period, leading the field.

Bitcoin SV has struggled with waning volumes and lackluster adoption since its battle with bitcoin ABC for control of the bitcoin cash network last year.

Contributor Billy Bambrough

I write about how bitcoin, crypto, and fintech are changing the world.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk.  I reported on how technology is changing business, political trends, and the latest culture and lifestyle.

I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.

I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

The post Bitcoin Starts of 2019 with Sharp Rise in Price appeared first on CryptoClarified.

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When it was first introduced in 2008, few people outside of the insular community surrounding the digital payment system took Bitcoin seriously. But within a few years, the cryptocurrency had become an important way for users to make purchases and exchange funds online. The decentralized nature of the asset has made this a somewhat anonymous way of processing financial transactions, something that has made it attractive to many users around the world.

Bitcoin Has Revolutionized Online Gambling, Sports Betting & Gaming

One of the biggest areas in which cryptocurrency could make an impact is in the world of online gambling. This is especially true for many players who want to sign up at Internet casinos, but either do not want to share their financial details, do not own a bank account or credit cards, or live in a jurisdiction, such as the United States, where online casino transactions are difficult to process.

While the majority of gaming sites still do not accept this payment method, the number is growing rapidly, making it an excellent alternative to more traditional deposit options.

With so many bitcoin casinos and betting sites available out there, it can be easy to get lost, however, you have the power to choose one that suits your needs. Here we bring you an updated list of the best sites, so you can start playing and betting to multiply your bitcoins, whether you’re a total novice or an experienced gambler.

Top Online Bitcoin Casinos is a third party that ranks the online Casinos that allow players to bet using cryptocurrency and cash out in cryptocurrency or fiat (cash). We test the so called “Top Online Casinos” for transparency, odds to win, gameplay, player bonuses & withdrawal speeds.

In order to come up with the Bitcoin Casinos with the “best odds” Top Online Bitcoin Casinos independently tested all the major online Casinos that allow gambling in cryptocurrency.

Here are their rankings:

2018 “Best Odds” Casinos #1 mBit

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 .  They are based in Curacao and are fully regulated by the gaming commission there.

  • All the games at mBit were independently tested and verified for fairness by RNG.
  • mBit is now home to over 1,000 different games and new ones are added weekly.
  • Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
  • Deposit instantly and for free.  Sign-up takes seconds and only requires an email.
  • mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
  • United States of America players are welcome.  Site in both English and Russian.
  • mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
Join Now #2 BetChain

Coming in at #1 again, BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients

BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.

Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.

  • Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.
  • 24/7 Support: Contact BetChain anytime, day or night, at support@betchain.com or through the BetChain support form. Join Now
#3 – Bitstarz

One of the most popular Bitcoin casinos out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.

Deposits can be made via Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and various other methods making it highly accessible to worldwide users, even those who don’t own Bitcoin. Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.

What really caught our eye about Bitstarz is the fact that they respond to user complaints even via Reddit, which shows they care about their customer experience and are willing to step up when needed.

Join Bitstarz #4 Oshi Casino

Oshi.io is a Bitcoin gambling site founded in 2015 that offers the full casino experience – from table games to slots, and even live dealer games. Oshi casino features an instant-play platform (no software needed to be downloaded). Simply load-up your internet browser and you are ready to go.

Get an exclusive bitcoin bonus on your first deposit + 200 FREE SpinsThey blend a mixture of Softswiss software, Booming Games, Netent, iSoftBet, Habanero, Belatra, Pocket Dice, with little known Amatic Industries, and Endorphina developed titles. Oshi Casino is also capable of offering you top quality 3D slots, and many BetSoft Gaming titles can be found there as well.

If you do fancy trying something a bit more original, though, there is a superb selection of video slots from smaller developers which you’ll be hard pressed to find in many other Bitcoin casinos.

Visit Site Sports Betting Sites

Obviously the odds in sports betting depend on your picks and not on house edge like in cards and slots. So the odds don’t apply to these, but we wanted to list the Top Sports betting sites for our readers as well, so they can be found below.

From Bitcoingambling.io

Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.

Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout.  Banking is also completely free, which means you’ll have more money in your player account.   Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League

#1 BetOnlineSports

BetOnline has a history going back to 2004 and offer a combination of great lines and great service to US, Canadian and worldwide sports betting fans. Licensed in Panama, BetOnline offer sports betting, casino games and poker.

What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.

PROS AND CONS
  • One of the largest sports books online.
  • Massive $2,500 Sign-Up Bonus.
  • Some of the largest wagering limits for Americans.
  • Betting software and interface is top notch.
  • Post odds earlier than other sites.
  • Issues in the past with poker players, but nothing within past 5 years.
  • Many users complain about the support staff.
  • Hidden fees for some payout methods.

BetOnline has a history going back to 2004 and offer a combination of great lines and great service to US, Canadian and worldwide sports betting fans. Licensed in Panama, BetOnline offer sports betting, casino games and poker. What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.

#2 mBit Casino

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 .  They are based in Curacao and are fully regulated by the gaming commission there.

  • All the games at mBit were independently tested and verified for fairness by RNG.
  • mBit is now home to over 1,000 different games and new ones are added weekly.
  • Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
  • Deposit instantly and for free.  Sign-up takes seconds and only requires an email.
  • mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
  • United States of America players are welcome.  Site in both English and Russian.
  • mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
  • mBit has added an excellent sports betting program as well.
#3 SportsBetting.ag

Since 1999, SportsBetting has built a solid reputation by providing impeccable service to players. The sportsbook offers a number of perks such as early opening lines, MLB dime lines, reduced juice NHL, high limits, re-bet functionality, generous parlay and teaser odds, live betting and more.In those 15 years the brand has become more than just a sportsbook.

They offer sports betting, a Poker room, an online Casino and a Racebook. Financial betting products were added in the recent years. All products are powered by top gaming software and an attractive Affiliate Program which can earn their Affiliates life time commissions across all of their products.Depositing money is quick, easy and safe at SportsBetting. Bitcoin and credit card transactions are also accepted to fund player accounts.

Withdrawals are just as easy and safe.  SportsBetting pays their clients on time, every time. They also include one free withdrawal per month.First time deposit bonuses and reload bonuses are also available. SportsBetting is constantly adding new promotions making it that much more enticing for players to play there. The Poker product has up to 11 different promotions being offered at all times.

There is always a reason for your referred customers to keep playing at SportsBetting.

#4 Nitrogen Sports
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How to Enter To Win 10 Bitcoin Bonus on UFC 229: Khabib vs. McGregor

Plus: Enter To Win Our 5 ETH Giveaway!

The biggest UFC fight is upon us!

On October 6, at UFC 229, former two-division champion Conor McGregor will be facing undefeated lightweight champion Khabib Nurmagomedov.

The Khabib vs. McGregor match-up is one of the most anticipated fights in the UFC and the entire world of combat sports this year. To celebrate, Nitrogen Sports has a big promotion that fits perfectly for such a big event.

We’re going to be honest, we haven’t been this excited about a UFC Fight in a LONG time. The anticipation for this fight has been years in the making, the disdain that these two incredible athletes have for each other is palpable and the energy surrounding this matchup (and the whole card for that matter) is through the roof.

Beyond that even, it’s stratospheric.

I can’t remember the last time an MMA fight has been so long in the making, complete with more drama, and between two completely different style of fighters and personality types. Both the best in the world in two different facets of fighting. The pre-fight hype is all but done, the talking is about to stop, and two trained mercenaries are about to get locked in a cage together.

The Breakdown The Case For Khabib Nurmagomedov

For McGregor, the UFC 229 betting odds are a simple case of “What have you done for me lately?” As much as the Irishman’s legend has grown over the past five years, while he was busy earning nine figures fighting (and losing to) Floyd Mayweather Jr. inside the squared circle, Nurmagomedov was holding court inside the Octagon. “The Eagle” ran his lifetime MMA record to 26-0 with back-to-back decisions over Edson Barboza and Al Iaquinta, easily beating the latter to win the vacant Lightweight championship.

There aren’t many fighters who can match Nurmagomedov’s accomplishments. Before he made his UFC debut in 2012, the Russian native was a champion in both pankration and Combat Sambo. Nurmagomedov comes from both a fighting family and a fighting culture in Dagestan; he started training under his father Abdulmanap at age 8, and his cousin Abubakar is a welterweight in the Professional Fighters League. Nurmagomedov was born to do this. McGregor rather played soccer as a kid before taking up boxing at age 12.

Why Bet on Conor McGregor

Having said that, McGregor has grown by leaps and bounds since then. He fell in with the right people when he started training under John Kavanagh 10 years ago at Straight Blast Gym. Kavanagh is an Irish MMA pioneer, with 2nd-degree Black belts in both karate and Brazilian jiu-jitsu; that versatility has been passed down to his students, including both McGregor and Gunnar Nelson. Their hybrid fighting style is very difficult to prepare for.

The Khabib vs. McGregor odds may also be giving Nurmagomedov too much credit. He’s proven himself worthy against second-tier competition, but “The Eagle” has yet to face any of the topmost fighters in the Lightweight division. McGregor, on the other hand, has tested himself against the best of the best – and continues to push the envelope. Fighting Nate Diaz twice in the Welterweight division, and even facing Mayweather, have given McGregor broad and valuable big-fight experience that Nurmagomedov still lacks.

Only one man will exit victorious

I know I’ll personally be taking some action on the McGregor vs Khabib fight as well as a couple other of the main events.

Hell, come fight time with some beers in me I’ll probably get reckless and take some retarded bets but that’s neither here nor there..

We place our sports bets through Nitrogen Sports

Place a bet on UFC 229: Khabib vs. McGregor for a shot at 10 BTC!

Khabib (26–0–0), who is from Russia, is known more for his impressive ground game and having a granite chin. Khabib is also aggressive, and despite him always going forward, he has never been knocked out. The Russian is undefeated in 26 fights and has eight knockouts and eight submissions under his belt.

But if there’s one fighter that can give Khabib his first loss, it would be the popular and oftentimes loud and boisterous McGregor (21–3–0), who has 18 knockouts and 1 submission in his 21 wins in his mixed martial arts career. The Irishman last fought in the UFC two years ago, when he faced Eddie Alvarez and won via KO in just two rounds.

For the biggest fight in combat sports, Nitrogen Sports will give away 10 BTC

And Top Online Bitcoin Casinos is Giving Away 5 Ether

That’s ($60,000) in Free Bets if Conor McGregor records a win over Khabib in the 4th Round 

Read full terms and guidelines below to make sure you’re qualified in winning a share of this huge bitcoin bonus!

How to Join

  1. Join the #1 Bitcoin Sportsbook Nitrogen Sports
  2. Place a minimum 0.005 BTC ($32) Bet on the fight
  3. Go to our Khabib vs. McGregor 10 BTC Giveaway Promo Pageand submit the following:
  • Submit Valid betslip link.
  • Email address.
How to Win

If McGregor can pull off a win* against Khabib in the 4th round, all users that have submitted a valid betslip via the Khabib vs. McGregor 10 BTC Giveaway Promo Page will get a share of the 10 BTC prize pool!

UFC 229 BTC Giveaway Rules and Guidelines

Bet Requirements

  • A user must bet a minimum 0.005 BTC bet on the Khabib vs. McGregor match on October 6, 2018.
  • All bets, including singles and parlays, that features a leg on Khabib vs. McGregor moneyline, total rounds and/or prop bets will be accepted for the purpose of this promo.
  • No odds requirement.

Prize Allocation

  • 10 BTC free bet will be shared/divided by all valid entries to the promo in case conditions are met.
  • Only users who submit their betslip link, plus their email address, via the e Khabib vs. McGregor 10 BTC Giveaway Promo Page are qualified to win a share of the prize pool
Who are you taking?

The Undefeated “Eagle” Khabib Nurmagomedov or The “Notorious” Conor McGregor?

Enter Top Online Bitcoin Casino’s Giveaway As Well!
  1. Share this post on Facebook, Twitter or Reddit

      2. Let us know in the comments who you think will emerge victorious and how (Knockout, Submission or Decision) and in what round. The Winner will receive 5 ETH.

Conor McGregor vs Khabib - 'There Is Only One' Trailer - YouTube

The post Bet on UFC 229: Khabib vs. McGregor Odds, Picks & Props | Enter to Win Over $60,000 in Giveaways appeared first on CryptoClarified.

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 Originally Featured in Bitcoinist

Julie Myers Wood believes that the era of little or no regulations in the cryptocurrency space is fast becoming a thing of the past. The Guidepost Solutions CEO says regulators will firm up laws to protect investors from bad actors in the industry.

THE SUN WILL SOON GO DOWN ON THE CRYPTOCURRENCY ‘WILD WEST’

According to the Asia Times, Wood says the steady increase in suspicious activity reports (SARS) emanating from the cryptosphere has US financial regulators concerned. There are a reported 1,500 cryptocurrency-based SARS each month.

Recently, the Wall Street Journal ran a piece alleging that cryptocurrency exchange platform ShapeShift was involved aiding and abetting money laundering. Outside of the US, last month UK MPs called for more regulations. Many in parliament see the cryptocurrency industry as maintaining a “Wild West” reputation.

Already, countries like Japan, Thailand, and Malta have set out to create robust laws that control virtual currency operations in their respective countries. The US, by the admission of many stakeholders, is still behind the curve when it comes to regulatory clarity for the nascent industry.

THE INFLUX OF INSTITUTIONAL MONEY

After the meteoric rise of cryptocurrency prices in late 2017 and the decline that followed, the next buzzword in the industry became “institutional investors.” Many stakeholders believe that the entry of big-money players will create enough liquidity to drive the next bull run.

However, while there have been some developments on the institutional front, the lack of clear-cut regulations continues to prevent many big-money players from entering the market. According to Wood:

Institutional investors who are concerned about cyber breaches and market manipulation may factor this into their risk calculation and investment strategy.

Woods predicted that regulators would likely chart the course of migrating existing financial laws to the virtual currency market. This approach, according to the investment security expert will result in a lot of legal wrangling. Wood describes the process as “growing pains” that will lead to a more mature virtual currency industry.

As the quest for robust cryptocurrency regulations continues, AML and KYC protocols will remain front and center of the efforts of regulatory watchdogs. These protocols will allow law enforcement and financial regulators to determine the legitimacy of cryptocurrency transactions quickly.

Read: Landmark case Grants CFTC  jurisdiction over Cryptocurrency

Will regulatory clarity have a positive or negative effect on cryptocurrency and blockchain? Let us know your thoughts in the comment below.

The post Cryptocurrency Regulations Moving Towards Clarity According to Investment Security Expert appeared first on CryptoClarified.

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Original article by Business Report

A US court has formally dismissed an attempt to stop the country’s commodities regulator prosecuting an alleged cryptocurrency fraudster, ruling that such assets are commodities.

CFTC CAN LEGISLATE WITH CRYPTO

In a press release October 3, Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts ruled in favor of the Commodity Futures Trading Commission (CFTC) in a case involving now-defunct cryptocurrency My Big Coin.

Part of an ongoing legal battle, lawyers for My Big Coin attempted to halt prosecution for misleading claims about its nature by claiming the CFTC had no jurisdiction over virtual currency.

The court disagreed, opening up the route for the CFTC to bring its case against the scheme, which has operated since 2014.

By extension, the release announces, the CFTC considers all cryptocurrencies to be commodities, extending claims earlier this year by fellow regulator the Securities and Exchange Commission (SEC) pertaining only to Bitcoin and Ethereum.

‘AN IMPORTANT RULING’

“This is an important ruling that confirms the authority of the CFTC to investigate and combat fraud in the virtual currency markets,” CFTC director of enforcement James McDonald commented.

This ruling… recognizes the broad definition of commodity under the (Commodity Exchange Act), and also that the CFTC has the power to prosecute fraud with respect to commodities including virtual currencies.

The news buoyed cryptocurrency commentators, who on social media viewed the step towards a formal definition of all assets as “bullish.”

As Bitcoinist reported this week, CFTC chairman J. Christopher Giancarlo has also lent strength to the possibility of favorable regulation of cryptomarkets going forward, saying Bitcoin and others could “solve” some of the problems associated with fiat currency.

“I personally think cryptocurrencies are here to stay, I think there’s a future for them,” he told CNBC.

He added the agency, together with the SEC, would continue to be “real strong and hard against fraud manipulation.”

What do you think about the US court ruling? Let us know in the comments below! 

The post U.S. Court After Landmark Ruling: Cryptocurrency A “Commodity” appeared first on CryptoClarified.

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After a stable September for the cryptocurrency market, Bitcoin is expected to hit $10,319 by the end of the year.

This is according to the experts on personal finance comparison site finder.com’s latest monthly Cryptocurrency Predictions Survey.

While some of the nine panelists gave predictions for BTC as high as $20 000 by the end of 2018, this is balanced by more conservative predictions from other panelists, with the lowest coming in at the $5,200.

Despite a downward trend over the past three months, with panelists’ BTC predictions for end-of-year decreasing for the third consecutive month, the panelists’ gave positive forecasts by the end of 2018 for almost all coins, suggesting a more optimistic outlook moving into next year.

Cardano is expected to see the greatest growth by the end of 2018, at 159 percent to $0.20.

This is followed by Monero with a forecasted growth of 93 percent

and Ethereum with forecasted growth of 79 percent, respectively.

XRP is the only coin set to experience the long-term decline, with a projected decrease of 8 percent by the end of 2018.

In terms of short-term performance by November 1 2018, Monero and Ethereum are expected to increase the most 43 percent and 37 percent, respectively.

The smallest increases come from Bitcoin Cash (BCH) and EOS (EOS), which are both set to see an increase of only 1 percent.

XRP and Litecoin are expected to see a fall over the next month, with forecast declines of 8 percent and 3 percent, respectively.

Many attribute poor short-term performance to the upcoming decision about two exchange-traded funds by the US Securities and Exchange Commission and anticipate the decision to affect the market over the coming months.

Comparing the forecast market capitalizations for Bitcoin, Bitcoin Cash and Ethereum – the only three of the 10 coins with a reported number of coins available – Ethereum (ETH) is predicted to see the highest growth by the end of the year (79 percent).

This is followed by Bitcoin with a 62 percent increase, and Bitcoin Cash with an increase of 17 percent.

Jon Ostler, UK chief executive at finder.com said: “Cryptocurrency is currently a bearish market, with our panelists’ BTC predictions for the end of 2018 decreasing for the third consecutive month in a row”

“The issue of the pending ETF decision by the US Securities and Exchange Commission is still on our panelist’s minds, with some citing the decision as the main indicator of short-term performance and anticipating it to affect the market for months to come.

“Finder runs this monthly report to help people understand the current cryptocurrency market, and collect the opinions of experts on how it may change in the future. However, when reading this report, people should be aware of the volatile nature of cryptocurrencies. When considering the purchase of cryptocurrency, people should always be prepared to do their own research and decide what’s right based on their personal financial circumstances.”

It is also important to note that historically the “experts” don’t know shit about 85% of the time, so take this article with a grain of salt.

Our quarterly “moonshot picks” articles have beat the panelists and “expert” predictions in 12 out of 15 of our articles. The exceptions being are picks before the market took a dump. Those picks of course were  absolutely crushed as we picked several smaller coins which move sharply up or down with the price of bitcoin.

Be Sure to Subscribe to our Blog so you don’t miss our upcoming October Moonshot Picks

The post October Cryptocurrency Predictions appeared first on CryptoClarified.

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One of the biggest and main markets that have benefited from the emergence of Bitcoin gambling has been online casinos. While these have existed for the better part of a decade and progressed along with many other online gambling and betting sites, Bitcoin has helped to make the online casino market even more accessible, while making depositing and withdrawing easier than ever.

Bitcoin casinos have brought brand new competition to the market, and offer distinct advantages over fiat-based online operators.

Read: The Best Bitcoin Casinos & Sports Betting Sites | 2018 Official Gambling Guide

Do Bitcoin Casinos Have An Advantage Over Competitors?

Bitcoin casinos have only been popular for a few years, but their popularity has grown dramatically in a short amount of time. In 2012, almost all Bitcoin casinos reported lifetime highs in amount bet by consumers and also in revenue. Several Bitcoin casinos are now multi-million dollar companies with some valued as high at $10 million.

Though this is still a pittance to the billion dollar gambling faints across the world, we have to remember that Bitcoin is still relatively new and Bitcoin online gambling is even newer. Each month, more and more gambling enthusiasts learn about Bitcoin and end up heading to a Bitcoin casino as opposed to a traditional online casino. This keeps a steady stream of players headed to Bitcoin casinos, increasing not only their revenues, but also the rewards and odds that they can offer to players.

What Are The Best Bitcoin Casinos?

We have ranked and graded the best online Bitcoin casinos, allowing you to choose from tried and tested casinos. All of these sites have been tested by Top Online Casinos for user friendliness, ease of withdrawals and deposits and more, and all have proven themselves to be trustworthy.

What Games Do Bitcoin Casinos Offer?

Every game that you can find at a standard online fiat currency based casino can be found at a Bitcoin casino. While offers, bonuses and odds will all differ depending on the game provider, you can find the best of the best at a Bitcoin casino. Blackjack, the most popular casino game in the world, is well represented amongst casinos that use Bitcoin, and a long list of other casino games such as Roulette, Craps, Three Card Poker, Baccarat and more can also be found. Las Vegas favorite Keno is also an option at many Bitcoin casinos as well.

Bitcoin Slots are a steadily growing market, meaning you are sure to find your favorite slots games at the Bitcoin casinos we recommend. Newer to the scene are 3D Slots, which can be a lot of fun.

The Advantages Of A Bitcoin Casino

There are a huge number of advantages when it comes to Bitcoin casinos, but the most appealing one is that they do not require any personal information in order to sign up and play. In some cases, Bitcoin casinos do not even require an email address! All you need is a Bitcoin Wallet of your choice to deposit your cash, and then you are ready to play!

On top of this, Bitcoin offers a much faster and more secure payment method for both withdrawals and deposits at the casino. The process is simple and easily accessible, while still being safe and regulated by various bodies.

Bitcoin Casino Odds

Bitcoin casinos often offer the best odds compared to fiat-currency based online casinos or even brick and mortar establishments. While many locally run casinos rarely pay out more than 95% on slots, many online casinos will payout above that percentage.

Bitcoin casinos however, have payout percentages that are previously unseen in the industry, with some even returning up to 99% of the amount wagered to players. Thanks to Provably Fair gaming we as gamblers actually have a chance to leave the Casino without empty pockets!

Almost all of the games offered at Bitcoin casinos are above or close to the 97% payout rate! This gives players the best chance by far to hit it big and make some money, while giving them the best chance to stay in the action for the longest amount of time. If you’re a hardcore casino gambler who wants the best bang for his buck, then make sure that you start playing at a Bitcoin casino!

What Games Do Bitcoin Casinos Offer?

Any game that you can find in a standard fiat online casino, you will be able to find at a Bitcoin casino. With so many games on offer and plenty of bonuses and additional features that Bitcoin casinos can afford to give to their players, it’s no surprise to see many turning to Bitcoin casino games.

Whether you’re a fan of traditional table games, such as blackjack, poker or baccarat, or you’re looking to take a spin on the slot machines, a Bitcoin casino will have you covered. While slot machines were originally in short supply on Bitcoin casinos, they are now beginning to be found in abundance, meaning you have an excellent selection of games to choose from if you make the switch to Bitcoin casinos.

The Rewards & Bonuses Offered By Bitcoin Casinos

Because Bitcoin casinos are generally cheaper to run, they can offer more bonuses than a fiat online casino, meaning the players are rewarded even more. Many Bitcoin casinos offer no deposit bonuses to their players and regular rewards after this too. You’re able to deposit and cash out immediately with Bitcoin casinos, and with the majority of bonuses not having a catch of depositing a certain amount before you’re allowed to withdraw, Bitcoin casinos really are the perfect place for a gambling enthusiast.

No Registration Bitcoin Casinos

One of the biggest benefits of Bitcoin casinos is that they are wholly anonymous. Because of this, many Bitcoin casinos on the market offer a no registration experience for their players, meaning you can place your bets without having to sign up or give over any of your information – not even an email address! You can gamble and bet just as you would at a standard online casino, but you have the opportunity to deposit your Bitcoins and withdraw your winnings without any form of signing up. You can try some of the most popular Bitcoin casino games for free on our site here at Bitcoin Casino Pro, before you make the decision to place a deposit.

Anonymous Registration At Bitcoin Casinos

If you find that you prefer a site where you do have to have some form of registration, you will discover that almost any Bitcoin casino will offer a totally anonymous registration process. At a fiat online casino, you will generally have to send over forms of identification such as a copy of your driving license, utility bill or other form of private data. However with a Bitcoin casino, the only information you may have to provide upon registration is an email address. Then you can play hundreds of Bitcoin games and enjoy your time gambling, totally anonymously.

Fiat Gambling Sites That Accept Bitcoin

On the market, some fiat online gambling sites do offer some Bitcoin options when it comes to depositing and withdrawing funds. However, these are generally quite rare, and more often than not, signing up is easy and somewhat transparent. Fiat casinos that accept Bitcoin are quite unlike true Bitcoin casinos as they will ask you to provide some more information such as country of residence, date of birth, and your full name. However, this is a lot less than what a regular online casino would request when it comes to signing up. As you can see, Bitcoin casinos are the more anonymous types of online casinos, which automatically makes them safer when it comes to data breaches and privacy.

Are Bitcoin Casinos Fair?

Bitcoin casinos offer a range of provably fair technology, making it impossible for the player or for the casino to cheat in a game. Here at Bitcoin Casino Pro, we have tested and certified a number of Bitcoin casinos in order to ensure that all of the sites are as fair as possible. Transparent gambling is important to a lot of players, and provably fair Bitcoin casinos are the perfect example of where online gambling is likely to go in the future. There are a number of impressive methods to be able to do this.

Firstly, Bitcoin casinos that are provably fair will use a function known as a cryptographic hash, which is an algorithm to ensure that neither the operator nor the player will never know how a deck will be shuffled, until after it is dealt. On top of this, gamblers are able to cut the decks themselves. Similar features can be found in a number of non-card games such as roulette, craps and slots. We have provided a range of Bitcoin casino provably fair verification tools to help you to know whether or not your Bitcasino game is provably fair.

Are Bitcoin Casinos Regulated & Licensed?

Where Bitcoin is a crypto currency and therefore decentralized, many people were originally concerned that Bitcoin casinos were not regulated and licensed. However, new regulations put in place to protect customers have ensure that licensed Bitcoin casino sites are safe for customers to use. In addition to this, Bitcoin casinos do not require any personal documentation or private information, meaning consumers are probably more protected when playing at a Bitcoin casino than they would be at a regular online casino.

Is Bitcoin A Secure Crypto Currency?

Bitcoin has proven itself to be volatile, but also resilient over the last few years, having been declared dead numerous times. However, one thing that people have questioned is how secure Bitcoin actually is as a crypto currency. This decentraliZed currency’s security lies in the transaction blockchain.

As Bitcoins are stored in wallets, those who are looking to spend the Bitcoins will have to verify that they are the owner of the wallet through a private key. Wallets can be stored either locally online, but you can also store them offline if you want to keep your Bitcoins as secure as possible. These are known as hardware wallets, and these are protected in a microcontroller and are therefore immune to things like hacking software and viruses. The protocol of Bitcoin is generally one of the safest, as long as you keep your private key inaccessible to others around you when handling and storing your Bitcoins.

What Is The Future Of Bitcoin Casinos?

With the casino market being the most competitive in iGaming, it is interesting to see how Bitcoin casinos fit into the industry. There are a number of Bitcoin casinos available on the market, which you can see from our ranked list of Bitcoin casinos, meaning the market is growing massively over a number of years. Bitcoin casinos offer worldwide access unlike some standard online casinos that are faced with jurisdiction and legislative problems.

In addition to this, player safety and fair play is also ensured at Bitcoin casinos unlike regular casinos, due to the various provably fair protocols and other features that are implemented. This is leading to a number of online casino players making the switch to Bitcoin casinos, and they are very quickly beginning to pave the way to an online gambling revolution. With exceptionally fast deposits and withdrawals, and the addition of complete anonymity, it is likely that we will see the Bitcoin casino industry begin to boom in the very near future.

How To Choose The Best Bitcoin Casino

Finding the best Bitcoin casino is often a matter of personal preference, but with this you can choose the Bitcoin casinos that offer the games that you love, some of the best bonuses on offer, and a truly safe, secure and fair experience at all times.

Our team at Top Online Bitcoin Casinos has independently tested each Bitcoin casino on the market and provided you with a range of Bitcoin gambling reviews, meaning you are able to see the rankings of each casino. You can use these rankings to help determine which Bitcoin casino to try out first, particularly if you’re new to Bitcoin gambling.

On Top of this, we have also tested, reviewed and ranked the Top Affiliate Programswhich can be a great way to earn some additional income. Several of these Top Affiliate Programs pay out for life and are a great way to earn some additional money while you’re playing.

Sports Betting

From Bitcoingambling.io

Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.

Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout.  Banking is also completely free, which means you’ll have more money in your player account.  Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League

From Top Online Bitcoin Casinos:

See Our List of the Top Bitcoin Sportsbooks

See The Top Bitcoin Casino Rankings

The post Bitcoin Is Revolutionizing Online Gambling & Sports Betting appeared first on CryptoClarified.

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The Top Bitcoin Casinos

With so many bitcoin casinos and betting sites available out there, it can be easy to get lost, however, you have the power to choose one that suits your needs. The rising value of bitcoin, its ease of use and fast transactions make it a great option for gambling online.

Here we bring you an updated list of the best sites, so you can start playing and betting to multiply your bitcoins, whether you’re a total novice or an experienced gambler.

Before we get into it.. How incredibly badass is it- that what used to take several days, bank wires, accounts being flagged or cancelled, then having to submit several ID’s.. and possibly STILL get turned down.. Now takes less than 3 minutes. That’s insane.

Top Online Bitcoin Casinos is a third party that ranks the online Casinos that allow players to bet using cryptocurrency and cash out in cryptocurrency or fiat (cash). We test the so called “Top Online Casinos” for transparency, odds to win, gameplay, player bonuses & withdrawal speeds.

With blockchain and digital ledgers we also can make sure the Casino’s aren’t robbing us blind like in the past. Cryptography and the blockchain enable us as players to check and see if the games are Provably Fair.

2018’s Best Online Casinos #1 BetChain

Coming in at #1 again, BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients

BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.

Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.

  • Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.
  • 24/7 Support: Contact BetChain anytime, day or night, at support@betchain.com or through the BetChain support form.
Join Now #2 mBit

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 .  They are based in Curacao and are fully regulated by the gaming commission there.

Join Now #3 – Bitstarz

One of the most popular Bitcoin casinos out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.

Deposits can be made via Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and various other methods making it highly accessible to worldwide users, even those who don’t own Bitcoin. Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.

What really caught our eye about Bitstarz is the fact that they respond to user complaints even via Reddit, which shows they care about their customer experience and are willing to step up when needed.

Join Bitstarz #4 FortuneJack

You can find over 1400 games from several casino game providers like iSOFTBET, Endorphina or Evolution Gaming. FortuneJack Casino has also one of the widest selection of cryptocurrencies. The Casino supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin,  Bitcoin Cash, Dogecoin, Dash,  Monero, and Zcash.

The casino is based in Eastern Europe in Georgia. The team seems to be competent, because they have made several provably fair casino games from scratch. FortuneJack Casino and the fast new casino lobby updated in May 2018.

FortuneJack Review – Pros FortuneJack Review – Cons
  • The deposit amount must be turned over (wagered) 2 times before withdrawal request will be approved
  • The bonuses must be wagered 40x before the possible winnings can be withdrawn
  • The free spins winnings must be wagered 45x (the 25 free spins) and 50x (the 250 free spins)
Join Now Sports Betting Sites

From Bitcoingambling.io

Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.

Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout.  Banking is also completely free, which means you’ll have more money in your player account.   Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League

#1 Nitrogen Sports

Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.

Nitrogen Sports is our favorite “bitcoin only” sportsbook.  Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site.  They are headquartered in Costa Rica and owned by IdealMedia.com

  • Easily the biggest, most established and trusted bitcoin bookmaker.
  • 100% anonymous.  Nitrogen do not even ask you to provide an email address.
  • Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
  • The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
  • Deposits are credited with zero confirmations and withdrawals process in hours.
  • The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
  • 2-Factor Authentication available.  Support provided via live chat or ticket system.
  • Nitrogen Sports does NOT offer a deposit bonus but do they run some fun promos.
Join Nitrogen Sports Get In On the Action Now!

#2 mBit Casino

mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 .  They are based in Curacao and are fully regulated by the gaming commission there.

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Article originally featured in CryptoCoin.News

Bitcoin recently passed the historic and record-breaking $10,000 mark, and then promptly fell back again. At the start of this year, as with every year so far in Bitcoin’s short history, many crypto-enthusiasts and investors predicted big gains for Bitcoin’s price. But, very few anticipated just how large those gains would be. Multiplying its value 10-fold from $1000 to $10,000 within a year, Bitcoin has proven to be the world’s best performing financial asset in 2017. But, how can we get past the media hype and know if this trend will continue?

Bitcoin’s Rocky Rise So Far

The price of Bitcoin has historically been volatile and unpredictable for years – and even from day to day. Bubbles, sell-offs, and flash crashes can all be seen in the price history chart. Nobody has been able to consistently predict where its value will go next. This volatility is due to a number of things, including a relatively small global market capitalization, a high level of speculative investment, limited use cases for cryptocurrencies so far, and lack of interest from larger regulating bodies and financial institutions.

However, if you take a step back from the chaos, there is one trend that has endured throughout the history of Bitcoin – the price eventually goes up. The price has gone up so quickly that the large bubbles and crashes of the past seem to fade into insignificance. The most famous bitcoin crash in 2014 saw the price drop from over $1000 to $300.

Overall the upward trend has been at an exponential rate, meaning large financial gains for those that have invested in Bitcoin so far. This trend has continued in 2017.

Bitcoin’s Recent Breakout

The huge 10x surge in the price of Bitcoin over the last year isn’t completely out of the blue. Billionaire investor Tim Draper predicted in 2014 that Bitcoin would hit the $10,000 mark in three years, and he was correct. The basis for his predictions was that Bitcoin would prosper if the right infrastructure was built around it. Three years on, much of that infrastructure is coming along nicely.

New startups and companies have emerged that are finding useful ways to apply cryptocurrencies and blockchain, proving there is value in the technology. Creative solutions to technical problems such as the Bitcoin scaling debate are also popping up.

Perhaps most importantly, the major Bitcoin trading platforms have earned the trust of the public and traders, who are looking for efficient ways to buy Bitcoin, and now the larger financial institutions are getting in on the action as well. One key influence has been that Nasdaq, the world’s second-largest stock exchange, announced that they plan to launch Bitcoin futures in 2018. Recognition from major institutions like this is what Bitcoin needs to assert itself in the financial big leagues.

Where is Bitcoin Heading?

The key factors influencing Bitcoin’s price are political and economic uncertainty (Bitcoin is seen as a hedge against falling fiat currencies), actions by large institutions and regulators, the community surrounding Bitcoin, and media hype. There is no doubt that media hype and speculation are at a high right now, but people have been saying that for years. This has been a big driving factor, but there are other forces at play.

Bitcoin is surrounded by favorable circumstances at the moment. Blockchain technology has been tried and tested, governing bodies around the world are starting to take cryptocurrencies seriously, big financial institutions and hedge funds are starting to pour money in, all the while global economics and politics are getting scarier.

Put all these together, and what you get is the soaring Bitcoin price we’ve seen this year. It looks certain that cryptocurrencies, while still developing, are going to have a major role to play in the future online economy. If this is the case, the price of Bitcoin could rise even more. Of course, there will be volatility, bubbles, and crashes along the way, but the long-term, underlying trend of the Bitcoin price is clear – it’s going to rise.

By Julia Beyers, who is a freelance journalist and independent contributor, specializing in cryptocurrencies and related trends. She has an extensive experience in writing about bitcoin usage, statistics and predictions of various experts.

The post Will Bitcoin Continue To Rise Or Is It A Volatile Road Ahead? appeared first on CryptoClarified.

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