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RESEARCH ARTICLE: CRUR – CRYPTORUBLE

ď‚— Cryptocurrencies, or at least bitcoin (BTC) have been all over the news lately due

to massive growth. Although the Bitcoin could continue onwards, I feel that there may be more opportunity in less known cryptos. Picture being able to get into BTC over 5 years ago. There are many cryptos which are only very new to market, in fact there are thousands of them. Mainstream is not aware of the majority of these and I am just beginning my research on alternate investments in cryptocurrencies. This was not my focus initially however these massive shifts have presented a potential opportunity where BTC and further mainstream acceptance to cryptocurrency in general could see a flow on effect to smaller cryptos.


ď‚— The CryptoRuble (CRUR) has been created by Russians as a Russian government controlled, centralised cryptocurrency which will be accepted as the legitimate online currency for Russia. The concerns in current articles include an issue around the whole purpose behind cryptocurrencies. CRUR is not mineable, is not decentralised and is controlled by the Russian Government. The fact that this crypto can be traced, monitored and controlled is a concern as the general idea behind cryptocurrencies in the first place is the ability to be decentralised and uncontrolled by governments. Of course regulations have their purpose and most sustainable things in this world are regulated to some degree. ď‚— Highest price I have found so far was 0.099990 (buying with BTC) on the 12th November and the lowest price was 0.00000004 on the 29th November (date of publishing this article initially). One thing that raises the possibility of this cryptocurrency to have potential growth is the acceptance of the crypto. Although there are many drawbacks in relation to this crypto, there are a few things that set it apart from others. In the event this crypto goes mainstream Russia and used widely, there is potential that it will be sustained as an asset. There is a good chance that the regiment of Russian authorities and higher powers will at some point control this crypto heavily and not with the most ethical pricing controls. The chance that the Russians will


 influence pricing comes with the chance of high inflation at some point in the future.

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Getting in at a cheap price with small amounts could be beneficial to get your foot in the door early, before knowledge if this asset goes mainstream and before it hits media for high growth. In the event that the asset does not inflate, it’s important to only invest small amounts of asset in the event that nothing eventuates. If the CRUR does inflate in a similar way the BTC and other cryptos have, the risk reward could be massive anyway. If not, then the small investment should not have material effect on a portfolio. This of course is my take on starting out in cryptocurrency investing. Unfortunately due to the limitation of trusted information to research, there is limited information in this article for now, but will be updated as more information is found. For those starting out in Cryptocurrency, here’s a quick walkthrough: You need a broker; a broker will allow you to process transactions in cryptocurrencies. You need a wallet; a crypto wallet is where you store your cryptocoins. Keeping wallets in an offline format can help to maintain security and online security is something that should be researched in detail to ensure the security of your assets.


ď‚— Disclaimer: This article and all information within it is purely my own research and thoughts and does not constitute advice in any form. This article does not provide financial recommendations or advice and is simply my own findings including both for and against certain ideas. None of the readings or content within this article constitute anyone to take any action and is purely for research purposes only. The purpose of this information is to present ideas on how financial markets function and to keep a written record of my own research to improve my own skills and knowledge. ď‚— For More Details Visit: TribanerCorp | Personal and Professional Development

Crur – cryptoruble  

Cryptocurrencies, or at least bitcoin (BTC) have been all over the news lately due to massive growth. Although the Bitcoin could continue on...

Crur – cryptoruble  

Cryptocurrencies, or at least bitcoin (BTC) have been all over the news lately due to massive growth. Although the Bitcoin could continue on...

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