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Ripple (XRP) is bound to succeed and never plummet, here is why

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Ripple XRP
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Today, before I start talking about Ripple (XRP), I need to set the ground. So, please excuse me for not talking about the coin straight away and keep reading, as setting the base is essential here. So, in the financial world, two of the most important terms to comprehend are without a doubt, inflation and deflation, concepts that play a vital role in the way specific currency acts and reflects on the users.

To understand both, Investopedia defines inflation as a process that occurs “when the price of goods and services rise, while deflation occurs when those prices decrease.” But what does this concept represent regarding benefits or detriment for those who keep the currency at issue? Well, it appears both inflation and deflation have an incredible repercussion in this matter.

For starters, one needs to keep into account that inflation is a process that even when it may spontaneously appear on an economy, most of the times it is also created, or at least, stimulated by certain governments with the intention of obtaining a more significant benefit. I know, right? It does come across as a tough thing to assimilate, but the truth is that on an inflationary process people tend to sell and buy more goods and services, and this is actually not rocket science, in fact, due to money tends to lose its value, people refuse to hoard it and decide to use it instead.

With this said, the main benefit people can obtain from an inflationary process created by the government is the warranty that money will not be accumulated and kept by just a few, which in case of happening would create a concentration of power that only can be interpreted as a pyramid scheme, one of the labels with which the crypto environment is related the most with.

In this sense, it results clear that in order for certain coins to perform in a way where wealthiness is equitable, it is necessary for the governance of such coins to perform a pseudo inflation that guarantees the distribution of their money in an appropriate form, and that is precisely one of the actions that we don’t get to see in the cryptosphere.

Ever since Bitcoin (BTC) appeared in the financial landscape, the distribution of their money has been unequal and dissimilar, meaning only a few manage to have incredible amounts of their cryptos and accumulate wealth.

Like this, the previously mentioned pyramid scheme results inevitable, and the only possible option for the coin is to start a decreasing path (if not already started) that will conclude with the stagnation of the token.

Contrary to this, the coin that seems to have all of this calculated is none other than Ripple (XRP). The third largest cryptocurrency of the market despite being strongly criticized for locking up more than the half of their total supply, it has been building up the foundations of an economic policy that benefits its users in the future.

So, be sure that all of the moves that Ripple (XRP) has deployed have been more than calculated, including the predilection of the token to relate with bank entities that, to say the least, looks a lot like what governments do when they artificially inflate their coins and put their fresh-created money out there in the banks.

In fact, the ability of the token to determine somehow the rate distribution of XRP is a way of the coin to emulate the inflation that governments construct whenever in need, a fact that avoid the hoarding of money and the wrong accumulation of power.

XRP is a coin that sooner or later will become the one to follow in the sector, so instead of pointing out the ‘centralization’ of the crypto, what we all should be doing is supporting the works that the token realizes for us to obtain a benefit in the long-run.

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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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Altcoins

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

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Aluna.Social
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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,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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…

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