Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ripple and XRP Target Swift Takeover, Retail Investors Are Bullish on Bitcoin, and Ethereum’s Vitalik Buterin Plans Huge Slash in Energy Consumption

by Daily Hodl Staff
January 3, 2019
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Bitcoin

A new study shows Bitcoin and crypto hodlers are in it for the long haul.

According to a new report from DailyFX, 77.5% of retail crypto investors remain long on Bitcoin – the highest number since November of last year.

“Bitcoin: Retail trader data shows 77.5% of traders are net long with the ratio of traders long to short at 3.44 to 1. The number of traders net long is 0.4% lower than yesterday and 6.2% higher from last week, while the number of traders net short is 2.7% lower than yesterday and 6.4% lower from last week.”

A look at Bitcoin’s yearly lows offers a unique perspective on exactly where traders are holding the line.

I've been saying it for years. Don't look at ATH's, look at yearly lows. That will tell you the growth in hodlers.

2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200

That tells you the growth in the people who won't sell at any price.

— Frogolocalypse (@1stCrassCitizen) December 31, 2018

Ripple and XRP

Meanwhile, Ripple’s chief market strategist Cory Johnson says Ripple is designed to replace Swift and XRP allows people to transfer value. At a crypto conference in November, Johnson described Ripple’s software solutions as a suite of tools designed to replace the international payment system Swift.

“Ripple is meant to be a replacement for Swift – the messaging system that banks use and other things like ACH used to settle transactions. XRP is meant to be a digital way to move value, to move digital money if you will.”

As for XRP, Johnson says it can be used to power instant transactions and ensure far lower fees than the current standard in the world of traditional banking and finance.

“XRP is purely focused on value. It can do Visa-like 1,500 transactions per second. And it’s really equipped to do things in a digital network. As I described at the beginning of our talk, we don’t have digital value right now. When you send someone a Venmo payment, they don’t actually get the money for like 3 to 5 days. They might credit an account, but there’s risk being taken by the company there, and that’s why the fees are so high.

When one of our customers uses XRP to move money from Thailand to Spain, it happens in less than a minute or two, and it’s very accurate and quick to do so, and it wouldn’t be possible without the technology.”

Ethereum

Ethereum creator Vitalik Buterin says the platform’s switch to Proof-of-Stake is designed to slash energy consumption by 99%.

In a new interview with IEEE Spectrum, Buterin says Bitcoin’s method of validating transactions, called Proof-of-Work, requires an unnecessary amount of energy. The method forces users that power the network to solve complicated puzzles in an effort to prevent denial-of-service attacks and spam.

“The PoW part is the one that’s consuming these huge amounts of electricity. The blockchain transactions themselves are not super computationally intensive. It’s just verifying digital signatures. It’s not some kind of heavy 3D-matrix map or machine learning on gigabytes of data.”

Buterin hopes public testnets will be up and running with the new technology by the end of 2019.

Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,682.00
$47,682.00
6.33%
Ethereum
$1,517.25
$1,517.25
11.62%
Binance Coin
$250.21
$250.21
17.75%
Polkadot
$34.87
$34.87
12.45%
Cardano
$1.28
$1.28
2.69%
XRP
$0.432332
$0.432332
4.01%
ADVERTISEMENT

Spotlight

  • Lark Davis Urges Launch of Ethereum 2.0 Amid ‘Crazy’ Fees, Exodus to Binance Smart Chain
    February 22, 2021
  • Coinbase Reveals It Has Executed $1,000,000,000 Crypto Buys for Some of the Largest Institutions in the World
    February 26, 2021
  • Top Crypto Analyst Says One Altcoin Will Recover Stronger and Faster Than the Rest
    February 24, 2021
  • Crypto Trader Lark Davis Lists Top Six Altcoins To Buy in March
    February 28, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.