BcCryptonian

The Beginning of XRP and its Vision XRP is a cryptocurrency created by Ripple Labs in 2012 with a bold vision to become the global bridge currency for all cross-border transactions.   And what does this mean? This means transforming the entire financial infrastructure we currently rely on for processing international payments. This is a complete U turn.  To summarize this in my way - to replace SWIFT - the current protocol in use to carry out international payments. How Current Traditional Cross Border Payments Works Before we dive into how XRP is going to solve the current issues in international payments, let's understand the process behind how international payments works and its drawbacks. Before proceeding, it's important to know the meaning of a Nostro and Vostro account. Nostro & Vostro Accounts A Nostro is a bank account held in a foreign bank by your local or domestic bank, denominated in the currency of the foreign country. The term Nostro comes from Latin, ...

There’s a famous golden rule by legendary investor Warren Buffett about investing: Rule #1: Never Lose Money . Rule # 2: Never Forget Rule Number 1 . Here are some of the most frequent mistakes new crypto investors make and how to avoid them. 1. Jumping in Without Doing Any Research Many investors hear about crypto when crypto prices are skyrocketing, in this phase, the hype becomes real, the thrill is real, therefore without doing any research you are tempted to jump in.  Tell me, what will happen if you don't study and face an exam? obviously you will fail.  Likewise, if you invest in this space without understanding what cryptocurrencies are, and how the market cycles work, then surely you will end up losing all your money. How to Avoid   💡 Pro Tip : Do your research! don't forget you are dealing with your hard-earned money.   Refer my blog Practical Investment Guide: A Beginner’s Warm Up , to get a good overall idea about how to get into crypto smartly and qui...

Dollar Cost Average or DCA is a perfect and yet simple strategy that anyone, regardless of their experience level in investing, could use to easily get into the world of investing, not only in crypto but also in stocks. In the crypto space, prices are volatile, and no guru out there can exactly tell you the perfect time to buy. However, implementing the DCA strategy helps you achieve an average price by filtering out all the price volatilities in the market. Let's see how we can do this. What is Dollar Cost Averaging (DCA) Dollar Cost Averaging is an investment strategy where you invest a fixed amount of money at regular intervals, whether daily, weekly, or monthly, regardless of market price fluctuations. This strategy ensures that you invest consistently over time rather than trying to figure out the perfect time to buy an asset. Who should use DCA? Dollar-cost averaging is ideal for: Beginners who are just starting to invest. Investors who don’t want to worry about timing the ma...