#Bitcoin Will XRP overtake Bitcoin to become new king of cryptocurrencies? Published 2 weeks ago on December 5, 2018 By Joyce Lang Share Tweet XRP is often called as ‘banker’s delight’ and banks love XRP as it has hundreds of partners globally with many of the world’s biggest names in banking. Banks are actually tired of using the SWIFT system which it turns out is not that swift. XRP can seriously put the heat on swift and provide money savings and transparency at every level. Bitcoin with its 10 minute block time and unstable fees can be a bit problematic when it comes to this but bitcoin is a massive improvement over the previous architecture and the banks themselves. Can XRP take over Bitcoin in the total market capitalization with the massive adoption of XRP by financial institutions all around the world? Let us make some comparisons. No Forks Another benefit of XRP is no forks. A real company with a real office run by professional people that you can contact if you have a problem. The whole bitcoin forking thing has been a very device issue in the crypto community and has done little to give large businesses any kind of confidence in the crypto economy especially when they are new to the crypto economy. XRP a ‘security’ issue XRP might be a security and is currently being litigated in the courts but until this is resolved there will be this uncertainty around XRP in the likelihood of seeing things like XRP futures, XRP ETF or major banks stockpiling XRP. Proof of Work While there have been many criticisms of the Proof of Work network including the massive burn rate of hardware and the huge environmental footprint in terms of energy consumption, we could do a whole host of what about the bitcoin energy use, but the reality is that the XRP ledger uses less energy than bitcoin. The long-term trend of Proof of Work mining and Bitcoin mining overall will at some point have some explaining to do as currently, we do see a lot of projects moving away from the proof of work networks. Banks don’t like bitcoin The Banks around the world really don’t like bitcoin and sure this is a badge of honor for bitcoin but the theory goes that they will actively work to suppress and hurt bitcoin. With the big Wall Street products coming specifically targetting bitcoin, it appears that the banks want to profit from bitcoin, not to crush bitcoin. The love and hate relationship of banks with bitcoin is currently in a love period. Interestingly both bitcoin and XRP could be put under real pressure by an influx of national cryptocurrencies or even more worrying for XRP, the banks implementing their own solutions. As of now, banks are loving the solutions that Ripple Labs are putting forward for them to use. It is much easier to implement someone else’s technology rather than build your own technology especially when it comes down to interoperability between hundreds of different international banks. XRP is not unique in this, other payment providers use bitcoin or stellar lumens to do the same thing that is done with XRP. The difference is of course that Ripple’s network and banking partners are huge. But then banks do not actually hold and stockpile XRP, they can actually just quickly move in and out to do transactions. But just because banks don’t need to stockpile XRP doesn’t mean they won’t. Previously, a report was published about South Korean banks which are currently holding around 1% of all cryptocurrency. Daily Transaction Volume In terms of daily transaction volume, XRP has dropped back to around half a million daily transactions from recent highs of 1.6 million daily transaction which is well ahead of bitcoin’s quarter million daily transactions. But don’t forget that the lightning network is still in its baby phases and so far away from reaching critical mass so we should really not underestimate the possibility of the lightning network to seriously disrupt this narrative around daily transactions in the future. Transactional Fees On the fees side XRP is consistently way lower than bitcoin with bitcoin having unstable network fees but again lightning network is coming. Circulating Supply Ripple’s control over the XRP’s supply vs bitcoin’s code based emission is another area of concern for many investors. As much as some people may want one or the other to fail. But it doesn’t seem that any of these are going anywhere unless XRP is deemed to be a security. But if XRP is declared not to be a security then maybe XRP can rise massively. XRP is crypto and banking coming together. For some, it is like a dream come true and for others, it just gives them a headache as the true aim of cryptocurrency was to destroy the banks and not join them. If XRP ever does get mass adoption by banks and manages to have a larger market cap by bitcoin. Would this mean an end for bitcoin? Certainly not. The use case of XRP does not eradicate the use case of bitcoin. What are your thoughts about XRP and its adoption by banks? Tell us in the comments section below. Related Topics:Bitcoinbitcoin adoptionbitcoin futureBitcoin market capbitcoin predictionbitcoin pricebitcoin vs rippleBitcoin vs XRPBTC vs XRPRipple adoptionripple futureripple market capripple predictionripple pricexrpXRP adoptionXRP futureXRP predictionXRP Price Up Next Bitcoin going to $1500: Bloomberg Analyst Don't Miss Bitcoin Cash ABC Price Analysis: BCHABC going down to $100? Continue Reading You may like Bitcoin institutional adoption rising: BTC price analysis Is Bitcoin ready for the Santa Rally: Off to $4400. Bitcoin Coffee: The first blockchain coffee is a fact! Seven Popular Ways to Earn Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash 5 Comments 5 Comments Pingback: Will XRP overtake Bitcoin to become new king of cryptocurrencies? - Satoshiuncle Eric December 5, 2018 at 6:15 am XRP will definitely without a doubt be deemed a security. I would advise dumping at $1.00 and investing in a non Security coin like Bitcoin, Litecoin, Dash. Don’t get stuck with a bag of bank owned and controlled co8ns that you cannot trade or sell. Reply Danielle December 5, 2018 at 4:38 pm XRP without a doubt isn’t a security and will never be. It’s a nonsense. I advise investing in XRP and not to invest in Bitecoin, Litecoin etc which don’t have any real use behind them. Reply Pingback: Will XRP overtake Bitcoin to become new king of cryptocurrencies? – A Bit of News Theo December 7, 2018 at 2:23 am This is like comparing apples and cabbages. XRP isn’t even a crypto in the same sense as BTC. Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin institutional adoption rising: BTC price analysis Published 13 hours ago on December 18, 2018 By Janet F. Sanchez Amidst the crypto winters which led to the price of bitcoin falling massively, institutional adoption is on a rise with many analysts predicting that the bear market was being manipulated by large institutional investors in order to buy bitcoin at the cheapest rates before the entering into the markets. Greg Tusarm an ex Goldman Sachs executive is comparing the current situation in the cryptocurrency market as early days of equity trading according to Bloomberg. The ex Goldman Sachs executive sees a great future for bitcoin and other cryptocurrencies ahead and believes that there are a lot of opportunities for businesses in the crypto space. Greg has also launched his own crypto brokerage called Tagomi Holdings which is backed by large investment firms such as Founders Fund. Just a few days back, Jeremy Allaire, the CEO of Circle predicted that the price of bitcoin along with other cryptocurrencies will be rising tremendously in the next 3 years. Paypal Co-founder launches Tagomi Holdings Inc Peter Thiel, the head of ‘Paypal Mafia’ which is a group of former Paypal employees and founders who have since founded and developed companies such as Tesla motors, Linkedin, Youtube etc. has successfully launched an electronic brokerage startup Tagomi Holdings Inc. The company will help to overcome operational challenges in relation to trading digital assets such as bitcoin. The launch was announced by the company in a press release. Peter had also claimed that Bitcoin can be a hedge against economic downturns. The Founders Fund led by Peter has made huge a massive fund allocation in cryptocurrency startups all around the world. Bitcoin Price Analysis: BTCUSD Bitfinex 24 hour chart After being bearish for a over a month, bitcoin started a bull run yesterday rising over $200 in just a matter of minutes. Though trading volumes are quite low in comparison to last year’s trading volumes, the current volumes are quite higher than the last few months. Since yesterday Bitcoin is continuing its bullish pattern currently trading around $3641 on Bitfinex (at the time of writing). The price is expected to rise further as a major bullish pattern is formed with the new key support at $3550 (In accordance to Bitfinex Chart). The major bullish pattern line formed will most likely push bitcoin price above $4000 in short term. Bears turning bullish Market analysts who were earlier predicting bitcoin to fall below $3000 have now started to make bullish predictions stating that the price of bitcoin can soon reach its original position above $6000 where it was trading earlier before the start of the bearish trend in November this year. More and more institutional investors are buying cryptocurrencies at the current price which is the lowest price for bitcoin for more than a year. Diar has reported that more and more institutional investors are shifting to large over the counter trades for buying bitcoin and other cryptocurrencies lately. The total market capitalization of cryptocurrencies has risen more than $12 billion in 2 days. On Monday, the total market cap was around $103 billion which today stands at around $115 billion. The following article is not financial advice. The readers are advised to do their own research and analysis before making any investment decisions in the cryptocurrency markets. The following are the viewpoints of the writer and not Coinnounce. Continue Reading #Bitcoin Seven Popular Ways to Earn Bitcoin Published 2 days ago on December 17, 2018 By Guest Author It has always been hard to believe that the blockchain-driven cryptocurrency is yielding a real-time value. The crypto-world is blurring the lines between the real and the virtual, therefore, now is the right time to join this virtual league of crypto-users and earn some Bitcoin. Even if you are fascinated by the idea, you must be troubled with the means to begin your journey with Bitcoin. Solving this issue, here we have enlisted some popular ways to start earning Bitcoin with the least possibilities of risks. You will discover some amazing opportunities to capitalize on the cryptocurrency trend and earn some extra bucks while coping-up with your regular jobs. 1. Bitcoin Mining Bitcoin Mining is one most conventional way of earning Bitcoin. Mining is the process of solving mathematical operations using a set of computer hardware and software to create Bitcoin. It is not an easy job; Bitcoin Miners need to be ultra-skilled to be successful at this job. Since a lot of miners have entered the market, it is easily noticeable that the difficulty of this job is increasing exorbitantly. Though, taking the support of external devices with better processing ability can be a relieving factor. 2. Micro Tasks for Bitcoin For those looking for small-scale means, you can go for some micro-tasks that pay in terms of Bitcoin. Cumbersome efforts are not required to do these micro-jobs. They are small, easy and less time-consuming jobs which may include watching an advertisement, posting on social media, filling a survey etc. This is similar to the ordinary micro-jobs; the only difference is the pay. The payment is done in the form of Bitcoin. The pay is low but apt in terms of the time invested and the low risks involved. 3. Invest in Bitcoin and Bitcoin Derivatives It is the most recent development in the bitcoin world. It is a popular investment asset providing lucrative means of making money with Bitcoin. The most common way is to buy Bitcoin and sell them after a point when the price is increased enough to turn a profit. Using this method, people have turned millionaires after the record-breaking hike in the value of Bitcoin in 2017. Investing in Bitcoin is a new yet extremely profitable source of investment. Before selecting one of the ways, opt for a rational approach. There is an infinite potential to earn in this market but being a beginner, begin with tiny steps. It requires heavy investments to earn heavy amounts which are not usually affordable. Bitcoin Investments can be fairly profitable but nobody can take charge of the reliability. They are risk-prone investments which tend to fluctuate all the time. One mindful suggestion could be to invest while considering your personal level of risk tolerance. 4. Bitcoin Games and Gambling There are abundant games available online that payout in Bitcoin. The payments are equivalent to the amounts one would get by doing the micro-tasks. They are fun and enjoyable, something that micro-tasks can never be. If you are a gaming fanatic, look out for such games and get yourself rewarded. Casinos and in the virtual realm are called the digital casinos, same goes for betting and Sportsbet is an extension of the same concept. It uses Bitcoin as currency while the rest of the elements remain the same. However, it’s not a reliable source of money. Indulge in bitcoin gambling and betting only if you don’t mind losing your money. 5. Become a Freelancer and take payments in Bitcoin Freelancing is a profession almost everyone is aware of. There are multiple platforms that help buyers and sellers to trade services. The services range from making a graphic art to creating a computer algorithm. The buyers pay these freelancers for their bit of work. A delightful twist in the process is the introduction of Bitcoin Payments. Only a handful of sites have introduced this feature. If you have a skill that you think you can sell, join such site today! Freelancing is a good option for various reasons. First of all, unlike mining or investing, there are no initial costs. You just have to log in, create a profile and start making gigs. Second, you can earn decent amounts. You will be paid for a skilled job, unlike the micro jobs. Third, you will get better at your work and get recognized for your work. Freelancing is a reasonable way to earn bitcoin without investing a large amount of money. 6. Bitcoin Blogging monetized with Bitcoin-based Advertisements Bloggers earn through their content on their websites. They place ads in between the content and the more clicks they get, the more money they make. If you wish to earn Bitcoin by content creation, you can sign-up Bitcoin-based ad network. These networks pay in terms of Bitcoin. The ads on the blogs match the context of the content. That is why it is always a good idea to create content that revolves around cryptocurrency. This method allows you to diversify your income stream into two. You can earn Bitcoin and Dollars simultaneously from one website. 7. Lend your Bitcoin Lending is a very traditional way of earning a passive income and the now the same proposition holds true with Bitcoin and other cryptocurrencies. ‘Peer-to-peer lending’ is an emerging form of lending which is done via online portals. It has eradicated the roles of the bank and other financial institutions. You can earn Bitcoin through loans by using one of these lending platforms. Remember that you need to have some initial Bitcoin in the first place, to begin with, this practice. Also, the default is a possibility in the lending process. Make sure that the person taking the loan is reliable enough to return your Bitcoin along with interest. We thank Davey Cross for this guest post. Continue Reading #Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Published 2 days ago on December 17, 2018 By Layla Harding Bitcoin showed quite a bullish momentum today rising around $200 in just a couple of hours. Bitcoin is currently trading around $3397 (at the time of writing) according to CoinGecko. The current price is a bonus for the bitcoin whales who were waiting for the best moment to sell their holdings in the midst of crypto winters. Though bitcoin showed bullish pattern today, the market trend still seems to be bearish as market analysts are predicting that the current bounce is just an illusion which is soon going to turn into a disaster for the price of bitcoin. Seeking the best opportunity, big bitcoin whales were already ready to sell their holdings in order to gain profits when the market crashes again. Just a few hours ago, around 5351 BTC were transferred from unknown wallets to Bitfinex exchange probably for selling when the short term bulls show up. Here are the details for the transactions: Transaction 1: 1909 BTC https://www.blockchain.com/btc/tx/622ddee30e9b5bbac2053ef4042d37e8ba6b2728ccdcedc85f5aac4c8a3fa9a3 Transaction 2: 1721 BTC https://www.blockchain.com/btc/tx/39616ab5255bf9c58875f66431e06b4c57b4825bebb912e246585b290a8440b9 Transaction 3: 1721 BTC https://www.blockchain.com/btc/tx/a9ed866dcb578155cefa2d8bce16a1b22f4ff016584f8ff131437a944025316b The crypto market trend is quite bearish at the moment with the price of bitcoin crashing down from above $6500 to around $3200 in just a month of time. The small-time investors should be quite cautious while trading in such a market situation as the large whales maybe waiting for the best time to make a profit out of your anxiety. The following article is not financial advice and readers are advised to do a thorough research and analysis before making any investment decisions in the crypto market which is quite volatile. 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