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From the 10-day phenomenon of Bitcoin to the new partnership at Litecoin, here are some of the stories that are emerging in the world of cryptography.
Bitcoin
Fundstrat co-founder and chief research officer, Tom Lee, explains that one of the most important aspects of investing in Bitcoin is simply to own the digital badet during its best 10-day period from a given year. In the latest episode of CNBC's Crypto Trader, Lee explains why he believes traders should always host some of their cryptographic badets instead of day trading.
"I think baduming that digital badets are in their infancy, users should keep some as long-term badets instead of trading them. Because if you do not have Bitcoin for the best 10 days of a year, your annual return is -25% per year. So, Bitcoin is an badet lost most of the year, then 10 days represent all the return.
Interestingly, this is true for almost all financial badets. If you take the S & P and you exclude, I think, the top 10 days, the S & P subtracts 5% a year. So it's the S & P that says, if you're trying to time and you're not timing properly, you're better than 2% a year.
I think the reason you want to stay is partly because of the timing – the best 10 days. And the other is that it's hard to know which of these badets will be 100 to 1, so you want to keep a basket. "
Lee says he has not forecast a price to predict where Bitcoin will go in the long run, but that BTC's 200-day moving average is the main trend to watch.
"The techniques are extremely important. And I think the simplest way that has worked in both the stock market and crypto is the 200-day moving average. Bitcoin is below its 200-day moving average, which is well below its current average.
But if it holds $ 3,800, Bitcoin is expected to exceed 200 days in the middle of this year. And we showed that in terms of profitability, when Bitcoin exceeds 200 days, it displays 10 times higher annualized returns than it reaches below 200 days. "
Ethereum
The number of transactions on the Ethereum network has just reached its highest level in six months.
According to Trustnodes, the Ethereum network processed 636,000 transactions on March 19, after reaching a low of 380,000 on February 10.
Ripple and XRP
Speaking at the McCombs School of Business at the University of Texas at Austin, Ripple's technical director, David Schwartz, compared and contrasted the Bitcoin consensus algorithm, proof of work, and the consensus protocol the XRP ledger. McCombs is a partner of the Ripple University Blockchain Research Initiative (UBRI).
Watch @JoelKatz discuss the differences between the proof of work and the #XRP Ledger consensus as a guest speaker at #UBRI partner @UTexasMcCombs. For more information on this topic, visit: https://t.co/tSQLb0EPkU pic.twitter.com/yIKQndBr1b
– Ripple (@Ripple) March 22, 2019
At the same time, Bitbuy, a Toronto-based digital encryption company, has just added XRP to the Canadian dollar.
NOW!
XRP is now live on Bitbuy!
Buy, sell, deposit and withdraw #XRP aujourd & # 39; hui.#xrparmy #xrpcommunity pic.twitter.com/9uvwll9dyO
– Bitbuy?? (@bitbuy) March 21, 2019
litecoin
David Schwartz, project director at the Litecoin Foundation – not to be confused with David Schwartz of Ripple, mentioned above – said the Foundation had formed a new partnership to publicize the LTC program.
"I can not give you the name of the entity for sponsorship at this point (at their request), but this one is located in a place close to America that is dear to many in the US. Music industry. I'm also not allowed to reveal the nature of the entity at the moment because it will not be officially released until next month, and they would like it to be a surprise because it combines old and new. But if some of you know me well enough, when I tell you that it is an action that you can get and support, I really think so.
I will not exaggerate or create anything more important than just creating support or excitement, because I do not think that's the way to do it. This is not a type of agreement Amazon, Starbucks or Kroger. But I'll tell you this: the sponsoring part will consist of pronouncing the name of Litecoin at the end of thousands of radio ads per month (at least two months, initially). The cost for each month is $ 6,000 Litecoin. "
You can view Schwartz's new blog post here.
Stellar
Stellar (XLM) would visit the portfolio of Binance's portfolio.
Trust Wallet founder Viktor Radchenko told Coin Rivet that XLM would soon be supported. Trust Wallet will continue to add new coins each week.
Tron
Tron has just released its latest weekly report on decentralized applications (DApp). The report summarizes the number of daily DApp users on the network and presents a number of new games in development, including Tronshot and TronGo.
Cardano
Cardano's creator, Charles Hoskinson, has just sat down with Finance Magnates to talk about the platform's goals, delays and lessons learned from development.
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Disclaimer: Daily Hodl's advice is not investment advice. Investors should exercise due diligence before making high-risk investments in Bitcoin, Cryptocurrency or digital badets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility The Daily Hodl does not recommend the purchase or sale of crypto-currencies or badets digital, and the Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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