Hello steemians, the best three articles i have read today
(Every day, i read 12 to 15 articles, i choose the most interesting and summarize them for you.
Interesting articles, hope you enjoy them)
Article no 1:
IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency
Summary:
The Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.
Lagarde says the only substantial problems with existing cryptocurrency are fixable over time.
For now, virtual currencies such as Bitcoin pose little or no challenge to the existing order of fiat currencies and central banks. Why? Because they are too volatile, too risky, too energy intensive.
Virtual currencies could actually become more stable.
The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas.
Personal Opinion:
Governments and Central banks will now surrender easily, they will try as much as possible keeping this broken system of fiat money, but if the blockchain technology is not a revolution what would make Christine Lagarde (Head of IMF) say that cryptocurrency could displace central banks.
Read Original Article:
https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/?utm_sq=fobv8ukeyu&utm_source=Facebook&utm_medium=social&utm_campaign=Crypto+Top+Earner&utm_content=Blogs
Article no 2:
Ethereum founder warns cryptocurrencies 'could drop to near zero at any time'
Summary:
The founder of Ethereum, the second most valuable cryptocurrency in the world, has warned that cryptocurrencies “could drop to near zero at any time.”
He said: “Don’t put in more money than you can afford to lose, cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more money than you can afford to lose"
Personal Opinion:
This is so true, although cryptocurrency have a great potential and i think the odds are in their favor, but remember folks, we are fighting with governments and central banks and as you know they are not easy opponents.
Read Original Article:
https://www.businessinsider.com.au/ethereum-founder-warns-cryptocurrencies-could-drop-to-near-zero-at-any-time-2018-2
Article no 3:
Ripple price predictions 2018: Ripple can end the year around $10
Summary:
Currently, Ripple is trading around $1.15. It has risen almost 70% from the recent lows of $.60. We will today shed some light on Ripple price predictions 2018. Ripple is consistently adding new clients. Ripple is not just adding new clients but marquee name clients as well as banks all over the world, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another
Personal Opinion:
Ripple advantage is his target clients, his clients are banks, central banks, and financial services companies, and who do you think has piles of money to invest, if their protocol succeeds they gonna you will see ripple price at 10 $ at the end of the year.
Read Original Article:
https://smartereum.com/ripple-price-predictions-2018-ripple-can-end-the-year-around-10-ripple-news-today/
Other Interesting Articles:
- Bitcoin Could Bounce Back Big Time in 2018 Analyst/
Link: https://nypost.com/2018/02/17/bitcoin-could-bounce-back-big-time-in-2018-analyst/
- Ripple in still water: A deep dive on the only cryptocurrency that still matters
- Bitcoin (BTC), Ripple (XRP), Monero (XMR), and TRON (TRX) Lead the Market
Link : https://cryptocurrencynews.com/daily-news/altcoins/btc-xrp-xmr-trx-lead/
- These 4 Cryptocurrencies Rose When Bitcoin And Ripple Fell
Link: https://cryptodaily.co.uk/2018/02/these-4-cryptocurrencies-rose-when-bitcoin-and-ripple-fell/
The content is intended to offer general information only. It does not provide legal, investment, tax, etc advice.