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  1. Since its launch in 2009, cryptocurrency has taken the world by storm. In essence, it can be described as digital money. Many people invest in it, hoping the value of whatever crypto they have goes up. For example, at the start of 2013, Bitcoin was trading at around $13.50 per coin and peaked at just under $24,000 per coin in December of 2020. To understand the full scope of the cryptocurrency global landscape, we surveyed over 1,000 people regarding their investment tendencies and feelings toward the digital dollar. What does the future hold for Bitcoin and the many other cryptocurrencies circulating around the net? With their rapid rise in popularity and worth, they may be here for the long haul and might even eventually render the physical money we know and love obsolete. Keep reading to discover who's investing in what and why. Cryptocurrency at a Glance From the surveyed population, 76% had invested in cryptocurrency entering 2021. Millennials were the most keen on it – 80.1% of them fell into this age category. Among respondents, 64% were men, and 36% were women. By a large margin, the most owned cryptocurrency was Bitcoin (51.4%). The next highest was Bitcoin cash at 10.4%, and the rest were all well under that. Investors were five times more likely to own Bitcoin versus other cryptocurrencies – there are a handful of factors that contribute to its popularity. Bitcoin is worth a lot (over $35,000 USD apiece at the time of writing this), has been around longer than other cryptocurrencies and major companies have started to accept it as a legitimate payment option. Crypto influencers offer advice, news, and predictions for the crypto world – almost 60% of cryptocurrency owners took influencer knowledge into account when investing. Vitalik Buterin, a Canadian-Russian programmer, is one of the most famous figures in the crypto world. He co-founded Bitcoin Magazine in 2012 and Ethereum in 2015, which has become the second-largest cryptocurrency worldwide. Another influencer, Erik Voorhees, is an American entrepreneur who has been at the forefront of numerous crypto-related ventures. He launched a bitcoin gambling website in 2012 called SatoshiDICE and founded Coinapult in 2013 which allowed users to send bitcoins via SMS. In 2015, he turned his attention toward his new venture, ShapeShift, a currency exchange and management platform that supported many different cryptocurrencies. Of the last 12 years, 2018 saw the highest level of first-time cryptocurrency investment, with 21.4% of respondents entering the market at the time. Overall, 46% of respondents started to invest in 2018 and beyond. A tremendous increase in Bitcoin price over the last couple years could explain the rise in interest and subsequent investments. The Crypto Experience When further analyzing respondent's feelings toward cryptocurrency investment, more can be learned about their views, opinions, and experiences with it. Firstly, 53% of current cryptocurrency owners worried about criminal activity. According to a Crypto Crime Report conducted by Chainanalysis, the value of Bitcoin that had been sent to and from various markets on the dark web totalled over $600 million. To that end, 65% of respondents agreed that cryptocurrency should be regulated and monitored by the government in an attempt to crack down against the rampant illegal activity in the crypto underworld. Forty-one percent of investors claimed they had fallen for a scam or experienced an attempted scam. There are a lot of tricks scammers can use to con people out of their money. It is usually done by email or telephone – a common strategy used is to offer participation in online referral strategy schemes or investment in a "surefire" business opportunity. Unfortunately, some people send their hard-earned money to the person on the other end of the line. They may promise to double your investment, but the money is almost always never seen again. Seventeen percent of all respondents and a quarter of baby boomers felt cryptocurrency as a whole is just a scam. Seeing as the concept and usage of cryptocurrency is fairly new, the hostility and uncertainty toward its long-term legitimacy isn't entirely surprising. More on Investments Respondent's average initial investment into cryptocurrencies was $2,235. In all, the average investment totaled $9,305. Seventy-seven percent of investors had set up automatic investment payments to continually increase their crypto accounts. Not every investment led to financial success, though. Over 56% of baby boomer respondents claimed to have lost money to the crypto market, followed by 49.2% of Gen Xers and 44.6% of millennials. Overall, 47% said they had suffered losses on their invested money, the average being $2,763. Fifty-eight percent decided to pull their previously invested money, averaging $3,305 in withdrawals. Well over half of respondents attributed their use of cryptocurrencies to investment purposes. Investment can be an attractive option, seeing as Bitcoin, for example, is a scarce asset, many believe its value can continue to rise as fiat currencies (e.g., the U.S. dollar) depreciate. Only 8.3% of respondents used it for direct spending – there is an increasing number of companies that have begun to accept crypto payments, and as more allow it, direct spending will likely increase as well. Just under 15% of respondents claimed to have invested in cryptocurrency in the hopes of churning out large profits. The majority (37%) had invested purely out of curiosity. It is still too early to tell how cryptocurrencies will fare in the future – it seems as if many people are just happy to be along for the ride and see how their investments do. It also provides investors an opportunity to learn more about the crypto world in the event a global movement toward digital monetary assets takes place. The Future Is Crypto Twenty-one percent of cryptocurrency skeptics said they plan on investing in the new year. On average, those that have already invested plan on injecting $7,145 into their crypto accounts. Newcomers planned on investing considerably less, at an average of $965. Unsurprisingly, 31.3% of respondents are looking to invest in Bitcoin over other types of cryptocurrency. Also, most of them (65.6%) felt hopeful about the future of cryptocurrency – a positive mindset could be the first step toward (financial) success. As a whole, 45% of respondents felt a $100,000 mark is within reach for Bitcoin in 2021. Just over 54% of cryptocurrency owners believed as much, as did 16% of those without any crypto to their name. Seventy-seven percent of cryptocurrency owners believed that it will become just as popular as government-issued currencies, whereas 40.2% of nonowners agreed. On average, 68% of respondents believed the two currencies will eventually become equally as popular. With the increase in interest in cryptocurrencies and subsequent investments, as well as Bitcoin being the best performing asset this past decade, a level playing field between crypto and government currencies could be here sooner than we think. Crypto Quick Stats Top 5 Crypto-Friendly States: Colorado Ohio Texas California Wyoming Top 10 Richest Crypto Investors: ‘Nakamoto' Chris Larsen Joseph Lubin Changpeng Zhao Cameron & Tyler Winklevoss Matthew Roszak Brock Pierce Brian Armstrong Anthony Di Iorio Xu Mingxing Top 9 Countries With the Highest Increase in Users Between Ages of 18 and 24: Nigeria Australia Spain Canada Mexico U.K. Colombia India Pakistan Top 9 Countries With the Highest Increase in Female Users: Greece Romania Argentina Portugal Indonesia Ukraine Czechia Colombia Venezuela The Digital Gold Rush The rise of cryptocurrency is a fascinating one, and there is much controversy that surrounds the topic. Twitter CEO Jack Dorsey famously tweeted in 2018 that he believed the internet and the world as a whole will operate on one single currency, being Bitcoin. Although there has been consistent elevated interest displayed by the public in their investment efforts, many are skeptical about the safety of a digital currency. An average person may fear scammers and hackers, and governments are worried that it might destabilize their national currencies and hurt their economies. The influence that cryptocurrency will have in the future is uncertain, as there are both positive and negative aspects that come with its total adoption. For now, it seems that people are happy investing casually and learning what it's all about. What we do know, though, is that the landscape may very well drastically change in the next ten years, maybe just as quickly as it has since Bitcoin's inception. Methodology and Limitations We surveyed 1,015 people about their views on cryptocurrency. Respondents were 42.1% men, and 57.6% women. One respondent was nonbinary, and two respondents chose not to disclose their gender. The average age of respondents was 38.3 with a standard deviation of 11.8 years. Our survey included respondents currently invested in cryptocurrencies and those who are not. 244 respondents were currently invested in cryptocurrencies and 771 respondents were not. Questions on which cryptocurrency respondents own, their reasons for investing, what they use it for, which crypto influencers they actively follow, and what they associate cryptocurrency with were asked as check-all-that-apply questions. Therefore, percentages won't add to 100. The data we are presenting rely on self-report. There are many issues with self-reported data. These issues include, but are not limited to, the following: selective memory, telescoping, attribution, and exaggeration. Fair Use Statement Think your friends and family might want to brush up on their cryptocurrency knowledge? Feel free to share these findings – we only ask that you do so for noncommercial use and that you provide a link back to this original page so the study's contributors can earn credit for their work.
  2. Bitcoin is one of the most exciting and globally impactful new technologies to hit the planet since the invention of the internet. With that being said it is important to understand the benefits and limitations of Bitcoin, and which other cryptocurrencies can fill in where Bitcoin falls short. With that in mind, we’re going to take a look at what Bitcoin’s 21 million limit actually means, investigate ten affordable Bitcoin competitors who offer long term acquisition possibilities, and discuss Bitcoin’s market cap to help you better understand the value of the cryptocurrencies you choose to invest in. Why Is Bitcoin Limited to 21 Million? An intriguing aspect of Bitcoin is the fact that when Satoshi Nakamoto designed his visionary decentralised virtual currency, he limited its expansion to 21 million BTC. More than 18.5 million Bitcoin have been mined in the first decade since the cryptocurrency’s creation, however, it is predicted that mining the last remaining 2.5 million coins (11.9% of total) will take anywhere from fifteen to twenty years to complete. This is thanks to a process known as The Halving. Nakamoto included a process which effectively cuts the Bitcoin rewards for mining in half every four years. In practical terms, the total BTC reward for 2016 was 12.5 million, however by mid-2020 the same amount of “work on the blockchain” only rewarded miners with 6.25 million BTC. This may sound like it is a lifetime away however it represents less than two decades of “carefree” mining before the only way to monetise the cryptocurrency will be via transactional fees and direct sales of the BTC you own. Who Are Bitcoin Competitors? Considering the real world limitations of Bitcoin here are 10 affordable Bitcoin competitors. For ease of use we have sorted them using the total percentage available for mining (based on CoinMarketCap data for 17 February 2021): Avalanche (AVAX) - price: $36.38, mining availability: 89% The Graph (GRT) - price: $2.18, mining availability: 88% Uniswap (UNI) - price: $21.44, mining availability: 69% Huobi Token (HT) - price: $14.50, mining availability: 61% Chainlink (LINK) – price: $32.19, mining availability: 59% Synthetix (SNX) - price: $24.27, mining availability: 56% XRP (XRP) – price: $0.53, mining availability: 55% Stellar (XLM) – price: $0.49, mining availability: 55% Cardano (ADA) - price: $0.89, mining availability: 31% Neo (NEO) - price: $42.58, mining availability: 30% Whether it is due to rising prices or the scarcity created by its 21 million limitation the fact is that Bitcoin will not be able to dominate the market for much longer. This means that the smart money is on diversifying your options by looking into altcoins which could grow into the next Bitcoin. What Does Bitcoin Market Cap Mean? When looking at any investment vehicle market cap, or market capitalisation, refers to the number of shares which have been bought and then held by the investors. In the case of Bitcoin, this would then refer to the total value of all BTC currently held by people who have either bought, traded or mined them. Traditionally calculating the market cap of stock would mean looking at the number of shares held by investors multiplied by the closing value of the stock. The same logic is applied to cryptocurrency market caps, here we look at the number of BTC being held multiplied by the current value of a single coin. What is the Market Cap Value of Bitcoin? In January 2021 market and consumer data provider Statista calculated the relative market cap of Bitcoin to be approximately $600 billion. This is an amazing success story when you consider that in 2013 analysts placed the company’s market cap at $1 billion. The reason for the surge in Bitcoin’s market valuation is based on the number of Bitcoin which have been mined and the recent price surge which saw the virtual coin’s value hit an astounding $49,951 BTC thanks to Tesla’s massive investment in the technology. For those doing the math on this, it may seem off-kilter given that approximately 18.5 million BTC have been mined to date. However, market analysts consider who much BTC is available for circulation. Given public reports of lost wallets, misplaced passwords and genesis blocks which cannot be traded the number of coins in circulation is far lower than the number of blocks mined.
  3. The biggest name in the cryptocurrency game is Bitcoin, so much so that in many cases the word “bitcoin” has become synonymous for the entire industry. However, the cryptocurrency ecosystem is an incredibly interesting industry which has been built on an innovative codebase known as the Blockchain. We won’t get into the weeds with this code base other than to note that it is what makes cryptocurrencies virtually impervious to hacking, promises zero server downtime and ensures you can remain anonymous while exercising full control over your funds. Four Noteworthy Cryptocurrencies With more than 1000 cryptocurrencies on the market we have simplified matters by focusing on 5 intriguing non-Bitcoin cryptocurrencies. Join us as we delve into what makes them both unique and potentially the next big breakout coin. ✓Ethereum (ETH) – Smart Contracts Ethereum is a well-known name in cryptocurrency circles, mostly for being the Pepsi to Bitcoin’s Coca Cola. What is less commonly known about Ethereum is where it secures its value proposition? Unlike Bitcoin which sees its value-driven by public awareness and scarcity, Ethereum generates its value from how useful it is to its users. Ethereum allows its users to perform credible transactions with buyers and sellers via smart contracts. These smart contracts use secure code to ensure the transactions in question are secure and will be honoured by both parties. Ethereum stands to see rapid growth once corporations become familiar with the benefits and features of doing business on the blockchain. The cryptocurrency has positioned itself as the one to work with once smart contract adoption hits the mainstream. ✓Litecoin (LTC) – Fastest Transactions There is very little to differentiate Litecoin from Bitcoin when looking at its basic setup. This is not unexpected given that Litecoin is considered a ‘hard fork’ of BTC, having been built using the same basic premise. Where Litecoin does shine however is in the cryptocurrency evangelism and technology adoption. Created by ex-Google engineer and creator of Coinbase, Charlie Lee, the cryptocurrency showcases the latest in blockchain development using its own algorithm for mining and requiring different hardware to other mining solutions. It is this constant dedication to speed, data security and enhancement that allows Litecoin to be the fastest processing coin on the market, showing up to 75% faster transaction speeds than Bitcoin. Charlie Lee is also an outspoken supporter of cryptocurrency adoption and works to educate the public and corporations of its benefits through the non-profit Litecoin Foundation. ✓Ripple (XRP) – Banking Pioneers Where most cryptocurrencies see themselves as leather jacket-wearing rebels, Ripple has taken a more mature approach to growing its user base. The bulk of its growth was achieved by partnering with more than 300 existing financial institutions. Their financial infrastructure is called Ripplenet, and by partnering with the likes of American Express, Bank of America, HSBC, Siam Bank, Nium, Moneygram and many others they have access to a limitless user base that literally crisscrosses the entire planet. These users are also the recipients of the faster transactions and lower costs offered by a virtual coin network. Another unique feature of Ripple is that while the cryptocurrency does use a ledger system like Bitcoin and its peers the coinage does not require traditional mining to be performed to acquire it making it cryptocurrency that does not come with massive power bills associated with crypto-mining. ✓Dash (DASH) – Traceless Transactions Dash lives up its name by being a virtual currency which offers lighting fast transaction speeds of 1 second, across more than 4300 global merchants. For those looking to interact with Dash as an investment item, it can be traded on more than 260 exchanges around the world. While all blockchain-based cryptocurrencies offer users the safety net of anonymity, Dash has taken that promise one step further. Rather than keep a transaction history – which would allow a third party to track your digital movements - Dash does not publish your transaction data to the blockchain. This added layer of security is proving popular with users, which sees them process more than 20,000 transactions daily. This transaction limit could see a sharp increase in the near future as Dash readies to launch the new DashPay Wallet for both Apple iOS and Android. Honourable Mentions During our journey through the weird and wonderful world of altcoins, there were several that caught our attention but did not seem poised to become big names in the industry. That is not to say that they do not serve a niche audience, check out our runners up to see if any of these meet your needs. USD Coin – While not a decentralised cryptocurrency in the true sense this is a virtual coin based on the value of the US Dollar. It could very well the way to transact on a daily basis should the fiat banking world do away with paper money. Dentacoin – One of the many niche coins which use Ethereum as its base, Dentacoin is the first virtual currency targeting the dental profession. With the coin, users can pay for care, earn rewards and even trade the coin on a participating exchange. Sexcoin – Where there is money there is sex, as the internet has proven over and over again. Established in 2013 Sexcoin aims to become to the go-to virtual coin for all your adult needs, everything from hiring a dancer to tipping your favourite camgirl. Let us know if you have any interesting altcoins that you feel have the potential to blow up in the future.
  4. While 2020 has been a downtrodden year, it hasn't stopped card players and slot machine enthusiasts from winning big. While many of them haven't been able to visit actual slots or card tables, online casinos still remain a viable option. Within that scene, cryptocurrencies like XRP or Ripple are becoming more popular due to reliable blockchain technology and easier payouts. But what is Ripple, and which online casinos support it? That's what we're looking at today. In this article, we'll be outlining the 4 best online Ripple casinos for players to visit in 2021. Why Play at Ripple Casinos? With the COVID-19 pandemic placing a lot of restrictions on gamblers, card players, and casino owners alike, there's going to be a continued emphasis on online casinos for many people to get their fix. As such, Ripple, one of the world's leading cryptocurrencies, is going to remain prominent as a way for players to deposit their wagers. Mobile gaming will also remain popular, with online casinos developing their own mobile apps so players can bet money and win big on the go. With advancements in blockchain technology, getting big payouts with a cryptocurrency like Ripple is becoming easier than ever. So with the rise in mobile gaming, the inability to visit casinos, and the growing popularity of cryptocurrency, playing at Ripple casinos seems like it's the way of the future. Best Ripple Online Casinos So what are the best ripple online casinos? Here are our favorites. Bitcasino Bitcasino is arguably the leading online crypto casinos. They utilize versatile blockchain technology that lets you play with multiple types of cryptocurrency. This includes Bitcoin, Ethereum, Tron, XRP, Litecoin, and more. They also allow users to use traditional payment methods. In terms of variety, Bitcasino is certainly not lacking in that department. They have a variety of slots, jackpot, table, and live games that are constantly being added. All told, Bitcasino has over 2,000 games available to play. This variety greatly improves the number of features, bet limits, and potential payouts. Bitcasino also has a carefully selected and well-curated list of partnerships with different companies, including Microgaming, Betsoft, and Pragmatic Play. Depending on your region and game provider, Bitcasino lets you choose from a variety of cryptocurrencies, including Ripple and Tron. Depositing currency is a breeze, and withdrawal is instant, making for a convenient experience. They're also known for their security and licensing work, as Bitcoin is among the top in the industry when it comes to securely facilitate transactions. Overall, Bitcasino grants players a wide variety of games and has dedicated cryptocurrency support. Nomini For players who enjoy a fun and colorful casino atmosphere, Nomini might just be the site for you. Contrasting heavily with the ultra-serious and adult-oriented vibes of other online casinos, Nomini offers a diverse set of classic and video slots on top of its fun aesthetic. Best of all, Nomini accepts cryptocurrency services while providing fast deposits and withdrawals. They boast over 250 slots, including popular titles from NetEnt. Classic slots, such as 3 and 5-roll machines, are also available for people more inclined to that style. Live casino games, such as roulette and blackjack, and about 50 more different table and card games are available to the player. Nomini also has a wide selection of promotions and bonuses. While some have complained that the terms for these bonuses are not explained very well. We recommend reading up on their terms and conditions just in case, but we don't imagine this being an issue for most players. Deposits are instant, and Nomini accepts various eWallets to put in money for a game. Banking methods are relatively diverse, including cryptocurrency support. Withdrawal takes several days but is processed safely and securely. Nomini offers much in the way of variety and offers a great deal of fun for anyone looking for a ripple online casino with a diverse set of games. Zet Don't let Zet's time in the business fool you - this online casino is a force that's to be reckoned with in the online casino business. They offer a wide variety of quality casino games, along with an even bigger selection of bonuses and promotions. Whether you're into slots, blackjack, poker, or baccarat, Zet's got you covered. Its excellent user interface is combined with an intuitive mobile offering, meaning you'll be able to easily navigate Zet's services regardless of whether you're on your phone or desktop. Zet Casino doesn't skimp on its bonuses with an extremely high number of generous offerings. While some have higher wagering requirements, bonus hunters will still enjoy the bonuses, some of which can be claimed an unlimited number of times a day. Users will also enjoy a lack of withdrawal fees but might be a little put off by the length of time it takes to receive their earnings. They do support cryptocurrency, including Ripple, many of which have instant deposit time and both of which have no withdrawal fees All in all, Zet is shaping up to be a promising online casino after only two years in the game with a diverse set of games and excellent payment options. Cadoola While some may dismiss Cadoola as a smaller casino, that doesn't mean players will have any lesser of a time exploring its diverse set of games and extensive payout options. Whether you're looking for slots, roulette, blackjack, or baccarat, Cadoola offers dedicated online gameplay for any classic table casino game. You can engage in live games along with bingo and even video poker if that's more up your alley. Cadoola also employs a dedicated group of casino game providers, including NetEnt, BetSoft, and Pragmatic Play. Because Cadoola is an international service, their games can be translated into multiple languages. What's even more diverse is Cadoola's payment options. They offer well over a dozen different payment options ranging from regular Mastercard and Visa to Ripple, Bitcoin, and other cryptocurrencies to boot. With quick deposit and withdrawal times, Cadoola is a dedicated online ripple casino that shouldn't fall under anyone's radar. Find the Best Ripple Online Casino For You Whether you want to casually bet on some slots or looking to win big at an online casino, use this article to find the best ripple online casino for your needs in 2021. For more information on online casinos that accept XRP , visit our Ripple Online Casinos page.
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