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You will love Ripple (XRP) more after diving deep in Bitcoin history

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Back in the days when cryptocurrency was still new into the world (it still smells young), lots of headlines in the news were about Bitcoin and its price activities. Most investors at that time who took the opportunity to trade on Bitcoin enjoyed a massive success financially. Back then, altcoins such as Ripple’s XRP weren’t that much as they were just a handful of them (now we have more than 1500).

Taking a look at the history of Bitcoin, you will love to appreciate how far Ripple (XRP) has come so far in the crypto-market. So let’s take a detailed look at the history of Bitcoin.

Bitcoin’s History in Brief

The mysterious Satoshi Nakamoto created Bitcoin on the 3rd of January 2009. Although the BTC founder is still unknown today, it has been estimated that he owned 980k BTCs when the cryptocurrency was created. Taking the estimated number of Bitcoins he’d have in mind, Satoshi’s net worth could be $7.5-$8 billion.

Moving forward, Bitcoin is a cryptocurrency that makes use of a large amount of electricity before it can be mined; also, Satoshi’s crypto-protocol only permits 21 million BTC to be mined (the maximum amount that will get mined forever). Reports say that on the first amount of electricity used to generate Bitcoin, its worth was estimated to be around $0.00007.

The first Bitcoin exchange to fiat currency conversion took place in October 2009 by Marti Maimi. The following year, 2010, the first BTC exchange was created, and it was called, BitcoinMarket – the price of 1 BTC was positioned at $0.003 at that time. In December 2011, Bitcoin started trading at $6.18 against USD.

Two years later (2013), Bitcoin started growing in pace and was trading at $817.12 against U.S Dollars. After several use cases of Bitcoin in the world, the value of Bitcoin surged, and it was trading at $429.78 against the U.S Dollar on the 31st of December 2015.

In July 2016, a document was issued stating that the use of BTC for legal transactions had surpassed the application for “sin enterprise.” Fast forward, in October 2018 an entertainment enterprise, PlayboyTV, introduced BTC payments to its 100 million clients worldwide.

More interestingly, it has been reported that in ten years, about 80 percent of BTC has been mined, which implies about 16.8 million BTC ever since it was created (remember Ripple (XRP) needs not to be mined unlike BTC and other digital currencies).

But it has been estimated that it might take hundred more years for the remaining 20 percent of BTC to get mine. The reason is that the incentive miners get when they mine BTC is halved in every 4-years. According to Bitcoin’s history, it has enjoyed a gradual increase over the years.

Why It All Comes Down to Ripple’s XRP

No doubts, Ripple (XRP) will surely take its own path but will grow just as Bitcoin did. Why? We hear you ask. Simply because, as like Bitcoin, Ripple (XRP) is solving real-world problems, and will have real-life uses.

It means that the current XRP investors right now, would no doubts be millionaires in the future. Ripple’s XRP is emerging as a top-notch cryptocurrency with utility, and we may see more adoption in the years to come.

XRP’s Price Overview

After its remarkable surge a couple of days ago, in the last 24 hours, XRP has gone down by 3.08%. At the press time, XRP is trading at $0.5152 with a market capitalization of $20,716,428,980.

Yesterday an unusual transaction happened on Ripple ledger as forty million XRPs were transferred from one account to another. Even though the current XRP price is following the suit of market trend (almost all significant coins are trading in red again today), yesterday’s massive XRP transfer might have caused some panic for over-conscious investors.

Consequently, although Ripple’s XRP is in red as we write this; but there are high chances it will move up again shortly; hence this is not the right time to sell as we may see a further surge in the upcoming days.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

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5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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