What Is "Stellar"?
Most of the people who wants to get involve into crypto currency trading, just look at the list and pick one by name or 24 hour porcentage change , i say so because my co-workers love to trade and that is the way they do it, one of them has been very lucky by the way. My point is that those practices are not reccomended, and are not a responsible manner to invest your money, even if it is an small quantity, the first thing one have to do is start reading about the coin you want to invest in.
One of the most important thing, i think, is to know what is the reason of a crypto currency. And dig a little bit more, what is its base, do they have a long term plan, does it sound resonable, could that work, founders has theirs faces and names out for people to know them. All of this and more represent a researching time that my friends dont want to spend, they just want get fast profit.
In my case i found out Stellar during my duty of searching and learning about this wonderful world of cryptocoins. So i read about it and get convinced that the idea and ideal behind the Stellar Platform is great. Create a system for helping people is laudable, i remark this one because people is at the end who move the money.
Stellar connects banks, payments systems, and connects people to low-cost financial services, all over a decentralized network. Now, that facilitate life, this indeed helps solve needs in financial transaction that is granted for majority of the countries. Loans, savings or mobile money from one provider can rarely be transferred to another network, let alone to another country in a different currency, this make it easier and is a fact, is tangible, thanks to Stellar´s initiative of building a bridge between people and banks.
All above is what make me feel confidence in that Lumens, currency of Stellar, has a support community that serves theirselves from what it represent, therefore i put my money in and contribute, and if i make some, well that´s not bad, isn´t it. thanks for reading.
Nice post. I was about to post a similair post. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. Does anyone know about: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. For example: https://www.coincheckup.com/coins/Stellar Lumens#analysis For a complete Stellar Lumens Detailed analysis