Connect with us

Blogs

Bitcoin-Ripple Jigsaw: Here are the last 2 pieces needed to transform the world

Published

on

Bitcoin Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

Bitcoin and Ripple (XRP) are certainly great cryptocurrencies that can change the world. Although, both Bitcoin and Ripple (XRP) haven’t gotten the drive they need to become the game changers. However, in this article, we will take a detailed look at the final pieces that Bitcoin and Ripple need to revolutionize the world.

Bitcoin’s price will rise if it goes mainstream

Recent research from pollsters Gallup discovers the total percentage of people that have invested in Bitcoin and cryptos, emphasizing how well the price of Bitcoin will surge higher if more people invest in Bitcoin worldwide.

The recent survey was conducted on 2000 people in the United States, and as per the results, only two percent invest on Bitcoin and fewer than one percent of these people have plans to invest in it in the future.

Subsequently, most of the investors clearly stated their disapproval in investing in Bitcoin. Additionally, about 26 percent of these people say they are fascinated by Bitcoin but don’t consider investing in it.

Gallup states:

The price of Bitcoin is back on an upswing after crashing earlier this year causing some to say its bubble is again about to burst and others to argue that its value will only accelerate as more merchants inevitably adopt it. For now, most investors are on the sidelines, knowing little to nothing about bitcoin. Few are already in it, and even fewer plan to jump in soon.”

Gallup further added that “looking to the future, however, many younger investors who currently say they are intrigued may be converted to investors once the currency goes more mainstream.”

Taking the results of the survey into account, we have a total of 26 percent of the population in the U.S intrigued by Bitcoin. If the same conclusions apply to the rest of the world, and this set of people invest on Bitcoin (BTC), that would have a big effect not just on the price of Bitcoin, but on the price of other cryptos such as Ripple (XRP).  This is the first piece that could change all, Bitcoin, XRP, and the world.

Ripple (XRP) – An alternative to Swift

Concerning Ripple (XRP), there are more shreds of evidence that big plans for Ripple and XRP are in the oven. Most central banks and the United States itself, as a country, are taking notice of the cryptocurrencies, because it is becoming a significant threat to them.

The U.S. currently enjoys its universal control over the global reserve. The U.S. Dollar seems overpriced considering its foundations closely, thus, putting its ability to borrow at risk – with that in mind, there is an estimate that it needs to borrow USD 10 Trillion in the next ten years.

On the other hand, countries like China and Russia are currently trying to reduce the dominance of the U.S Dollar in the international finance and also as the global reserve currency.

Russia on its own fears that the U.S would cut it off from the global financial system ever since the Crimea incident by excluding it from Swift. Since then, Russia has been taking good measures to shield itself from being cut off from the financial system by creating an alternative to Swift. Many other countries don’t want the U.S to be in charge of the global reserve; and clearly, a platform that has created a better alternative to Swift is Ripple.

Many moves are being taken by governments to retain control of the reserve currency, and Ripple has been involved in this regard. This is the second piece that needs to be placed to change the world. Many analysts see these pieces getting connected in the near future.

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

eToro