You may be quite surprised to learn that starting your very own online casino could take as little as 5 minutes and, getting the ball rolling is a lot easier than you may think. Online casinos are enormously popular with all demographics and internet users. In fact, online casino gambling is the leading form of Internet-based gaming, according to many experts.
When it comes to talk of “The Bitcoin Bubble,” the FUD never stops — especially when it comes from traditional financial institutions like Morgan Stanley.
They Look the Same (But Not Really)
According to Sheena Shah, a strategist at Morgan Stanley, there are similarities between Bitcoin and the Nasdaq during the 1998-2000 technology bubble — with his argument centering around the fact that both experienced massive run-ups before dramatically decreasing in value.
As displayed in a chart from Bloomberg and Morgan Stanley Research, Nasdaq and Bitcoin appear to have followed very similar patterns. However, the timeframe in question is highly skewed — and apparently illustrates Morgan Stanley’s ignorance to the fact that Bitcoin has existed for nearly a decade.
Private digital currencies are better than any state-issued version, admitted a high-ranking representative of the Swiss National Bank. Cryptocurrencies are also less risky, according to Andrea Maechler, member of the central bank’s governing board. Her comments indicate that Switzerland has no intentions to emit a state-sponsored crypto.
A number of companies are trying to create ways to pay their employees with cryptocurrencies. And while the concept might be appealing to some, there are several obstacles that have – at present time – kept it from widespread adoption.
Back in December 2017 when GMO Internet Co. Ltd. announced its intentions to start paying up to 100,000 yen (roughly around $ 900) per month by Bitcoin to its employees, the public’s reaction was, as expected, definitively uncertain. People seemed to be torn between the fierce volatility of cryptocurrencies on one end and the obvious potential for explosive growth on the other.
Czechs are more inclined to store value in cryptos than in euros, according to a new poll gauging attitudes toward currencies other than the koruna. When asked about their intentions to acquire foreign cash, twice as many respondents said they were interested in buying bitcoin than purchasing US dollars.
Cryptos Considered Hard Currencies
Like many other nations, which do not have the luxury of emitting a “hard” national currency, Czechs may consider investing some of their savings in foreign, “convertible”, legal tender, like the dollar or the euro. Surprisingly, a new survey shows neither of these two is the number 1 choice for investment. The study, quoted by local media, was conducted among 525 people this month.
After fighting the IRS in court, popular digital currency marketplace Coinbase has been ordered by the Northern District of California to turn over more than 10,000 users’ personal information and trade history — but it could have been much worse.
The Beatles once sang:
If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold, I’ll tax the heat,
If you take a walk, I’ll tax your feet.
Now, you can add “If you sell on Coinbase, I’ll tax your trades.”
Just when you least expect it, prominent mainstream news outlet CNBC follows up months of doom and gloom with an optimistic outlook on Bitcoin.
What a Coincidence!
CNBC is somewhat notorious for hating on Bitcoin, regularly referring to the gold-standard of cryptocurrency as, at best, a risky investment. At worst, the news outlet repeatedly paints Bitcoin as a scam, fraud, Ponzi scheme or bubble by continually running stories spelling disaster for the dominant cryptocurrency.
However, immediately after Bitcoin experiences one of its worst weeks since 2013 by dropping below $ 8,000, CNBC has published an article claiming Bitcoin is in an excellent buying position. Writes trader Bill Baruch:
Iran’s citizens are straining under the weight of aggressive financial sanctions as result of its nuclear initiatives. Cryptocurrencies like Bitcoin provide a circumvention solution.
Even though Bitcoin continues its somewhat volatile price jumps, it is still a desirable asset for investors around the world. Since its phenomenal growth last year, people are buying and holding until it reaches even greater heights.
Bitcoin Is Not Just Something to Hodl Onto
According to The Hill, however, for the citizens of Iran, it is more than just a store of value. Hadi Nemati, a cryptocurrency researcher in Iran working at Blockchain Match, explained:
Bitcoin sees unprecedented levels of buying with CoinMarketCap showing a price surge of more than $ 3000 over the past 24 hours.
Today has been one for the record books as Coinmarketcap reports Bitcoin prices topping $ 18,000 and a market cap of over $ 300 billion. This newest milestone comes amid a flurry of significant all-time highs over the past 24 hours as Bitcoin climbed from $ 14,000 at this time yesterday to its current price of $ 18,053 at press time.
**On today’s episode of The Cryptoverse:**
Blockstream establishes the first ever Bitcoin node in space to extend the Bitcoin network further than the Internet.
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