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Most crypto currencies are not currencies in reality because they have nothing they can buy without converting them into fiat and the essence of digital currencies is to faze out fiat currencies and that's why those digital currencies were classified as digital assets. For Rainbow currency holders with the hope of cashing out some of their YEM in fiat, there's a provisional of the bridge coin but Rainbow currency was designed a substitute to fiat which shouldn't be converted into fiat currencies.
added by Anonymous 996 days ago 0    0

The cryptocurrency market has witnessed significant growth in the past few months. The emergence of hundreds of new digital currencies and the huge increase in the prices of their leading representatives have attracted a lot of attention from investors. However, the financial characteristics of the cryptocurrency markets have not been systematically evaluated yet. As a consequence, there is currently no consensus on whether cryptocurrencies constitute an individual asset class or if they share substantial similarities to stocks, bonds, commodities or foreign exchange. Based on Markowitz et al. (2017) this paper aims to fill this lack of research by evaluating the cryptocurrency market based on seven requirements of an individual asset class. The authors find that the cryptocurrency market distinguishes itself remarkably from established asset classes in terms of risk and return. Additionally, the low correlation between the cryptocurrency markets and these established asset classes ind
added by Anonymous 1264 days ago 4    0

Wow that sounds like good news and music to hear.
The crypto currency is going to become more advanced than before.
added by 1001108989 1264 days ago 4    0

Classifying selected cryptocurrency as Asset Class?
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The Bitcoin world is seems to improve in area such as security and privacy. I came across B21 cryptocurrency investment app which is user friendly app that classified several cryptocurrency such as Ethereum, Bitcoin etc as assets class and seemed to be a secured and reliable platform to invest and sell crypto assets easily. Since, unicorn network is creating a bridge coin, is it possible and is it good idea if we can partner and list our rainbow currency or our upcoming bridge coin at the B21 app. This would allow owner of rainbow currency to diversify our investment and obtain cash when in need? Or will the rainbow network be creating it’s own user friendly app that classify cryptocurrency as assets which allow investors to buy and sell cryptocurrency in a simple way.

How do you vote?

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