Copyright © 2017-2019 LHCrypto
All rights reserved.

Articles

Bitcoin growth

05/17/2019
|
  • bitcoin_ growth
Articles list

The study of the analytical portal Indexica shows that the rise in the cost of Bitcoin in the spring of 2019 has quite objective reasons. Although the process was launched by speculative actions, they only spurred the intensification of accumulated demand. The portal will highlight three factors that led to the upward movement in the cryptocurrency market.

Increase network popularity

A few years ago, cryptocurrencies were perceived as a marginal asset, which is used only for speculation and money laundering. However, the largest banks in the world began to launch their stablecoins, and the states began to work on launching national cryptocurrencies, the situation has radically changed.

Sweden, Brazil, France, Saudi Arabia and other countries are working to create national settlement systems on the blockchain. Bank JP Morgan has already started issuing its own cryptocurrency. Several hundred credit organizations use a payment system based on Ripple Labs solutions.

That is, now it is no longer possible to say that Bitcoin is a hoax and a bubble. Digital financial assets have proven their worth, and now private investors have confidence in its stability. The US investment group Grayscale Investments has launched an ad campaign of Bitcoin and the Grayscale Bitcoin Trust on AMC and Fox News.

Cryptocurrency security

Many concerns were caused by the problem of safekeeping of digital financial assets. Given the lack of information, a significant part of investors feared hacker attacks. The media too often inflated the hype, even because of small incidents, which negatively affected the entire industry. Now it became clear that the fears were not confirmed.

Private investors can absolutely safely keep funds on the “cold” wallets of the blockchain, and for major players there are custodial services.

It turned out that while observing elementary security measures, cryptocurrencies turned out to be no less reliable in handling than fiat money. Moreover, here the owner himself controls the condition of his wallet, and does not need additional intermediaries. Investors received an understanding that they no longer have to worry because of their capital.

Global attitude to cryptocurrencies

Now the financial world has come to a situation where even small failures do not have a global impact on the reputation of cryptocurrencies. If in past years successful attacks on cryptocurrency exchanges caused panic and a fall in prices, now they remain almost unnoticed.

In May 2019, 7,000 bitcoins were stolen from the Binance exchange. The platform was forced to suspend its work, but this had no effect on the BTC / USD pair.

Due to the accumulated liquidity of the stock exchange, they calmly survive small attacks. And the security mechanisms themselves have greatly increased. Therefore, even successful attacks rarely endanger their stability. This led to a significant number of institutional investors entering the market. According to experts, it was they who started the cryptocurrency boom in the spring of 2019.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard