Can Gold kill Crypto Volatility and bring Stability to the Markets?

2018-10-18 14:42

Anyone who knows anything about cryptocurrency will tell you that it is extremely volatile in value.  You do not have to be an expert or even really involved in the space to see that the prices have been on a rollercoaster ride from the start.

Many investors and especially those who are heavily in favor of mass adoption and the everyday use of cryptocurrency want to see this volatility dissipate and citizens of countries facing financial crisis and inflation are desperate for cryptocurrency to stabilize and help them rebuild their respective economies.

Countries like Venezuela and Turkey are examples of places where the national currency is heavily sinking are in a need of stable ways to store their savings and purchase goods and services they need on a daily basis.

Gold has always been a pillar of stability for investors.  In times of economic recession, gold is relied upon to be a steady and secure store of value, but it is also not best used as a currency because it is does not have the level of liquidity that a currency that the dollar has and is often traded for different values on the street from commodities dealers.

A gold backed stable coin could be the exact formula for stability that is so desperately needed in many countries around the world.  Gold can act as the stabilizing force behind the new blockchain technology that will allow cryptocurrencies to provide the urgently needed stability to go along with its important use cases and abilities.

In the UK, The Royal Mint jumped into the crypto game when they decided to issue a gold backed cryptocurrency called RMG.  Gold is an obvious link to taking volatility out of the equation, but startups are experimenting with other precious metal backed cryptocurrencies as well and the movement is spreading to the point where we are witnessing the tokenization of all kinds of precious natural resources.  

The Swiss company Open Mineral announced their plans to develop a blockchain system for trading minerals, and they believe it will simplify their entire process. Precious metals and other valuable natural resources can engage in a symbiotic relationship with the cryptocurrency sector and they provide each other with their respective benefits.  

The post Can Gold kill Crypto Volatility and bring Stability to the Markets? appeared first on ZyCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Golos Gold (GBG) на Currencies.ru

$ 0.0077733 (-2.90%)
Объем 24H $0
Изменеия 24h: -17.51 %, 7d: -17.17 %
Cегодня L: $0.0077733 - H: $0.0095975
Капитализация $99.238k Rank 99999
Цена в час новости $ 0.0171933 (-54.79%)

markets bring gold volatility crypto stability kill

Источник: zycrypto.com

markets bring → Результатов: 51


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets “CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $100 billion company will be driven by crowd-based solutions.

2018-9-28 12:30


Фото:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


дальше еще 2 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins.  Tools like Coinglass’s liquidation heatmap are invaluable as they visually represent where the market holds large amounts of leveraged positions, identifying potential price points where forced liquidations will occur if […] The post Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k appeared first on CryptoSlate.

The Rise of Crypto Options and Structured Products

Retail dominance of crypto trading and the lack of institutional infrastructure and participation has led to imbalance in the structure of the options market. Here’s how we can address these challenges, says Abdulla Kanoo, Co-Founder of ARP Digital.