What is Reserve Rights?

Reserve is a decentralized pool of stablecoins with the goal of reducing risk through diversity and decentralization. Its dual token system comprises RSV, a stablecoin backed by a portfolio of assets controlled by smart contracts. RSR is the second token, which aids in the stabilization of RSV and grants the cryptographic right to acquire extra Reserve tokens as the network expands. RSR may also be used to vote on governance ideas, allowing Reserve Rights holders to help define the Reserve Rights ecosystem’s future.

Many of the world’s monetary systems now suffer from a significant lack of openness and confidence. Hundreds of millions of people live in nations with unstable currencies, which has resulted in massive capital losses. People are unable to prepare for the future and improve themselves because of their incapacity to successfully secure their money. The world need a reliable, worldwide digital currency that provides individuals with financial liberty and authority.

As a result, stablecoins have a huge chance to radically change the way the world transacts. This potential, however, comes with a great deal of responsibility.

On the one hand, stablecoins have the potential to deliver financial security and prosperity to millions of individuals. On the other side, if the digital currency’ stability is compromised, millions of people might lose their savings.

This is not a duty they take lightly at Reserve. They are dedicated to examining not just the profitability of various possibilities for the Reserve network, but also the larger global effect of each decision in all they do.

If you want more in-depth information about Reserve Rights, feel free visiting their official website at https://reserve.org.

2021 Bitcoin flash crash

Bitcoin is on track to have the worst week in almost two months, as a potential capital-gains tax hike for rich Americans exacerbated the instability that has been wreaking havoc on the world’s largest cryptocurrency.

Bitcoin fell 7.9% to $47,525 on Friday, falling below its 100-day moving average as it began to breach main technical thresholds. Wall Street analysts predict more losses for the notoriously volatile currency, which reached a record high of $64,870 on April 14 ahead of Coinbase Global Inc.’s IPO before swooning over the weekend for no apparent reason.

The nearly 20% drop this week is the worst for Bitcoin since it fell at the end of February after a broader sell-off of risk assets. Even digital currencies that had been eking out gains in recent days, such as Ether and the satirical Dogecoin, plummeted on Friday as the crypto room became a sea of red.

“Bitcoin has fallen below the 50-day moving average support that it has kept sacrosanct during this rally,” Pankaj Balani, CEO of Delta Exchange, said. “This seems to have further drawbacks.”

Is Bitcoin the new gold?

Before we get into the main topic we need to answer the question first, what is Bitcoin? To put it simply, Bitcoin is an electronic currency found on October, 31st 2008 by a mysterious user going by the name Satoshi Nakamoto. The proposal for Bitcoin was sent to an obscure online mailing list. The paper proposed a radically new form of electronic money and it would be distributed over a decentralized network. Bitcoin has no single entity that issues Bitcoin or is in charge of processing its transactions.

Before Bitcoin, it is not possible to make electronic payments without the help of a third-party like a bank or payment processor, hence, payments were often slow, expensive, and not accessible to everyone. To solve these issues, Bitcoin operates without a trusted third-party, instead, it works as purely as a peer-to-peer electronic currency, meaning that payments are sent directly from one person to another. Bitcoin became an encrypted communication and combined with an electronic accounting book called a ledger. This digital ledger is distributed to all the computers connected to the bitcoin network and the system was designed so that any new transactions of bitcoin needed first to be verified by a large computing power process known as Mining.

Computers that are plugged into the Bitcoin network compete with each other to answer highly complex cryptographic puzzles. Whichever miner does the most work to solve these puzzles has their block of transactions added to the ledger, each block itself contains a reference to the blocks which came before it creating an immutable log of accounts or Blockchain.

Now for the main topic, the term “dry powder” is an important term that you need to remember if you’re planning to invest in Bitcoin. Dry Powder can also refer to cash reserves kept on hand by a company, venture capital firm, or individual to cover future obligations, purchase assets or make acquisitions. If you have an asset that you can tap into to take advantage of those downdrafts in market prices that’s a dry powder, the most common one of course is cash. We all know that money printing is infinite so some people choose to shift some of that cash into gold because gold is a better store of value over time. The point here is if they’re printing tons of cash so you’re mining fewer nuggets of gold and they are printing cash, but the number of cash in the world is infinite, they will be virtually infinite, and there is no real limit on how many nuggets of gold can be mined out of the ground but Bitcoin there is. In fact, we’ve already mined 18.5 million of a cap of a total of 21 million Bitcoin so it is an asset that has a finite supply and that is one becoming more institutionalized. As a result that over the long term you’ll feel and see it hold its value much better than cash and even much better than gold.

If you’re planning to invest in Bitcoin, then I highly recommend using Binance as your platform of choice since this platform is user-friendly especially for beginners like you and me, and has received favorable reviews from the crypto community. if you want to give it a shot, please don’t forget to use my referral link 84486078.