Looks like I will be sounding a note of warning this time. Well, to individuals who are still in doubt of the DeepOnion movement, this warning might just be a timely call-to-action as the “big-movers” will soon be joining this train. You know what that portends? DeepOnion price will likely surge and by then, only those who have earlier invested in it will profit more. Why do I think this would be ever possible? Read On:
Judging by the advancements in technology which the world has witnessed till date, it is clear that cryptocurrencies presents a 7th disruption the world will be experiencing with massive effects on the financial sector. We all know how the email, internet, e-commerce, social media, television and mobile devices affected the way we do things globally. Digital currencies are obviously revolutionizing the financial aspects of our existence. Based on the intents behind the creation of the first digital currency, which is to create an effective and faster payment system devoid of regulatory controls, a lot of users have been generated and a gradual shift away from fiat money is imminent.
Cryptocurrencies bring many possibilities which the traditional banking system does not offer. It has been projected a large part of the 40% of the global adult population who are unbanked will likely adopt at least one cryptocurrency in the next 5years due to the inherent potentials of digital assets.
With respect to intrinsic costs and transaction processing time, cryptocurrencies present better options. Major traditional payment methods comprising of credit cards, Automated Clearing Houses (ACH), checks and wire transfers often involve several intermediaries or middlemen which contribute to high transaction fees. Wire transfer which is one of the fastest payment methods is also the most expensive of them all. Transactions using this option could cost from $15 to $20. However, transacting with the likes of Bitcoin and Ethereum attracts lower fees compared to these traditional methods. It also takes lesser time to complete. Averagely, Bitcoin and Ethereum transactions could take up to 10-20 minutes and 0.5-2 minutes respectively.
Furthermore, we are all aware that activities of central banks are governed by strict regulations which do not permit wilful printing of fiat currencies, and whenever this happens, cash at hand often depreciates in value as inflation sets in. With the current annual change rate in money supply standing at 6.2% for the USD, there is an impending shift of all money supplies into cryptocurrencies. This is based on the fact that every cryptocurrency have a fixed total number of tokens that will ever exist. Knowing these figures provides an idea of the inflation rate of such digital currency. In most cases, the inflation rates are lesser than that of the USD. For instance, the inflation rate for Bitcoin is projected at 1.5% for the next 2years, which is lesser than the current rate (4.0%).
Also, investing in cryptocurrencies presents a better store of value and offers greater ROI than several company shares and Internet stocks. The Bitcoin is currently worth over 2000% of its value in 2008. No Internet stock could have achieved that in less than a decade.
DeepOnion Offers a Better Option
I know you really want to know why the whales will soon be coming after DeepOnion. Well, considering the advantages traditional cryptocurrencies like Bitcoin and Ethereum have with respect to transaction processing time, DeepOnion presents a far better option. DeepOnion transactions are processed and confirmed instantly and for lesser transaction fees. Further to this, DeepOnion remain ahead as a tor-integrated anonymous digital asset, which makes it difficult for any individual or constituted authority to trace transactions on the network. 100% privacy is absolutely guaranteed. This DeepOnion feature is a big deal among other features if the huge amounts of cryptocoins lost to hacking in the past is considered. Users don't have to worry about someone hacking into their wallets anymore. Also, the upcoming DeepSend feature is expected to further tighten transaction obfuscation in an innovative manner.
Utility is an important factor often considered by crypto-investors before pitching their tents with newcomers. To this end, one of DeepOnion's uses is file verification. The wallet's DeepVault feature allows hashes of files to be stored immutably on the blockchain and also the verification of the same at any time, to check for any alteration or malware infestation. This helps to maintain the integrity of important documents such as contracts and wills.
It is also cheering to see DeepOnion trading above the $1 mark in the last couple of days. Coupled with other attractions (features), this has pushed DeepOnion up the faces of the whales and influencers in the cryptocurrency world as a promising digital asset. Recently, Box Mining, which is a famous YouTube cryptocurrency news channel with over 87000 subscribers hinted that a review of DeepOnion will be carried out soon. If the magnitude of subscribers of this channel and the daily views it attracts is anything to go by, then the DeepOnion community might grow larger in days to come after the review, which is expected to be a positive one.
The success of DeepOnion so far is inextricably linked to the amazing community and supportive development team. Few days ago, an announcement about "Vote Central" was made. This upcoming web app will take user participation to a whole new level. The fate of projects relating to the future of DeepOnion will now be decided via vote central by the community with the inclusion of the founders and devs. This is expected to foster a massive community of like-minded people with everyone exhibiting a sense of belonging.
Considering all the aforementioned points, whales will definitely find DeepOnion an attractive choice whenever they arrive. Not to forget DeepOnion smart contracts which will be launched soon. This is another viable opportunity which investors will want to tap into. So, how do we prepare for the coming of the whales? Quite simple. Participate in the airdrops, be more active in the forum, rake in more DeepPoints for your efforts, acquire more ONIONs and HODL. Till when the whales start arriving, watch this space!.
DogLover @ www.DeepOnion.org
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STOPIm a member of the community for more than 3 mounths, and i can see that the dev team is doing things really well. Everyday the coin grows more and the community get stronger. Lets keep going this way!
I also think that great things are going to happen in DeepOnion, and a proof of that is the marvelously stable behavior that has been observed in the price of the Onions despite the great volatility that was experienced in recent days. Just a few days ago it was still possible to buy Onions at $0.50, but it is clear that the price will never return to those levels. However even now that the price has stabilized around $ 1.50, we are in a great moment to continue buying and treasuring the currency which will be the great event of 2018.