DeepOnion - Light at The End of The Tunnel

in #deeponion7 years ago

The crypto-world has proven to be very volatile as the prices of leading cryptocurrencies are sent tumbling even with a mere hint of a news story. The performance of the altcoins in the past few months indicates that the currency is subject to volatility despite having climbed to a record high. This is just one of the many incidences where the market has been experiencing significant fluctuations.   

If you are new to the world of cryptocurrencies, you might be considering different options besides investing in any of these currencies. Hold on, there is much you haven't learned about the crypto-world. Did you know that cryptocurrencies do bounce back much stronger than before after experiencing a short plunge?   

Things are very different here compared to stock trading and crypto-investors take advantage of this opportunity to benefit from the plunge. The world's leading cryptocurrencies such as Bitcoin and Ethereum influence the prices of other altcoins such as Litecoin, Dogecoin, DeepOnion and many others which we haven't mentioned on the list. This implies that when the market cap of major currencies goes down, the same trend happens to the rest of the coins. The only difference is that when it goes up, most currencies bounce at a higher rate than before.   

DeepOnion is one of the world's most secure cryptocurrencies that provides 100% privacy and anonymity for its users. Just like other altcoins, DeepOnion too has suffered the same fate following the tumultuous fluctuation in the crypto-market. There is always light at the end of the tunnel for DeepOnion users given the innovative technologies incorporated by the currency to deal with different flaws in cryptocurrencies.    

In this article, we are going to discuss a few theories why cryptocurrencies experience a short plunge and how they recover from their shortcomings. It will also cover in depth information why crypto-investors have held onto DeepOnion despite the fluctuations and what they hope to achieve in a matter of time.   
 

An Overview of the Latest Plunge in Cryptocurrencies 

Most digital currencies seemed too good to be true during the last few months of 2017. Bitcoin topped out at nearly $20,000 per coin soaring throughout the year at its highest point. Similarly, ripple finished with more than $3 per token having grown nearly 40 times in value.   

DeepOnion, a new coin in the market made a leap during since its inception making it present in most countries over the world. Many crypto-investors took their tickets for the digital currency train in an attempt to benefit massively from quick money.   

It didn't take long before most of the digital currencies were affected by a severe slump in the first few weeks of 2018. This sends most people thinking, what is behind the recent price fluctuations? Will they worsen in future?    

According to Tech Crunch, the price of Bitcoin for the first time dropped below the $12,000 mark since early December. This is a fall in double-digit percentages that also affected Ethereum, which fell by over 20% on 16th January this year. Ripple might have been trending in the $3 mark but was sent hovering in the low $1.20s.   

The impact was not just on the largest digital currencies but others too were affected. According to the report by coinmarketcap.com, only Tether had a different case from the rest of the altcoins. Other cryptocurrencies such as Cardano, Litecoin, NEO, NEM, STELLAR, IOTA, and DeepOnion were affected too.
 

What Really Caused The Plunge?

The changes are a mystery, and as we mentioned earlier, the leading cryptocurrencies are very volatile and can be sent tumbling even with a mere news story. One thing that sends financial shockwaves to a large number of crypto-investors. Although there are many theories revolving around this scenario, most people direct the blame towards government regulations. For example, China made attempts to prevent access to international digital currency exchanges by blocking the domestic internet for users.   

As an investor and a risk taker, you wouldn't want to lose all your fortune at once. This sent many packing while others switched to new cryptocurrencies such as DeepOnion. The plunge became massive after the Chinese government banned the exchanges and ICOs in the late months of 2017. South Korea too is another country following the same path as it seeks to regulate cryptocurrencies in the near future.   

The exact cause may be difficult to pinpoint as with most price fluctuations that happen in the crypto-world. The entire industry is popularly known for its extreme volatility. Since a majority of the crypto-investors are not mainstream investors, they respond quickly to news that is shared by unorthodox means such as Reddit and Social Media.   

It is also possible to state that the recent slump in prices is caused by the natural shifts normally experienced in the digital currency market. Most experts said that the market experienced a "correction" and some analysts had made a prediction of massive gains this month. This owes to the fact that employees of Wall Street received end-of-year bonuses over the weekend. This implies that huge crypto purchases and a spike in prices could be fueled by the Wall Street bonuses.    

Why Government Regulators Get Involved 

Besides the natural shifts that are experienced in the digital currency market, most of the reason behind the recent fall in cryptocurrency prices is associated with governments across the world. So, what is the deal with government regulators?   

Most governments have raised suspicion over the digital currencies forcing them to apply higher degrees of regulation. China threatened to put an end to Bitcoin exchanges in the country and that it would shut down all ICOs. Unlike China, British regulators have put stringent measures, increasing their watch over cryptocurrencies. South Korea and other countries seem to follow suit.   

Although most countries have been against the digital currencies, the news out of China has caused crypto-markets to react negatively and decisively to the Chinese government. After China announced the fate of the exchanges, Bitcoin, Ether and other top currencies fell by almost 13%. Litecoin followed suit with more than 20%.   

A formal notice was sent to the Chinese cryptocurrency exchanges about shutdowns late in the week and experts say that it would continue to push against the crypto-market that was on the rise throughout the year. One reason why the regulators are against digital currencies is that they have taken the world by storm.   

They seem to be the future currency that threatens the existence of the fiat currency and central banks. Most government regulators have the fear that insider trading and other activities such as money laundering are prominent with cryptocurrencies.   

Unlike banks and other institutions dealing with fiat currency, it is possible for a crypto-investor to make untraceable payments that cannot be accessed by both legal and illegal entities. It becomes difficult for governments to deal with the situation thus the only way they consider appropriate is by facing off the crypto exchanges from their country.   
 

DeepOnion – Leaving its mark 

DeepOnion has realized massive growth ever since it came into existence, making it present in most countries all over the world. Just like any other new altcoins that came before, DeepOnion has received different reactions from the public as to whether it will catch up with other leading currencies. The appearance of this currency has caused fear in most countries who have a mindset that it may affect their economy. That is the reason why they use every means possible to prevent its growth.   

The only problem is that their efforts are not worth the unstoppable progress set forth by DeepOnion. This is because DeepOnion has a long way to go in solving the flaws encountered in the crypto-world. Not only does it thrive as a type of currency but also a way to help humanity solve problems in different countries and form a community support.   

DeepOnion community seeks to correct the issues affecting crypto-investors and how they can overcome these shortcomings. It is a community comprised of 12,000 members who win all twitter voting polls and contents with ease. The image of this community is enhanced by the opinion of every person who contributes to their existence. This means that it could help its use, acceptance, and practice in different countries.   

It has identified the current flaws in the crypto-market and seeks to address them to provide a conducive platform for all users. Features that make DeepOnion unique from other digital currencies is that it offers highly secure transactions, instant confirmations, untraceable payments and free airdrops. It is very easy to buy and sell DeepOnion in the full lists of exchanges. It has been listed on the highly secure exchange platforms such as Stock. Exchange, Kucoin, Bisq, and Cryptopia.   

DeepOnion has always thrived with the help of its community and innovative technologies. Most crypto-investors still hold on to the hope that DeepOnion can never be short-changed as it seeks to improve every single day. Its users have trust in the fair distribution and strong support from the community.   
 

The Importance of Deeponion Community 

Most other cryptocurrencies have a small user base or a lackluster promotion because they have fallen short of their mainstream adoption. Unlike other altcoins, the support of the massive community and reputation of its network are the core strengths of DeepOnion. It is essential to involve the social aspect from the inception as they play a significant role in the formation of the community.   

The voting platform is used to shape the future of the DeepOnion project. This requirement is fulfilled with the help of social media outlets and supporting technologies that focus on improving the community. The heart of DeepOnion's lies within the platform with unique features that are indistinguishable from other forums.   

This altcoin has one of the largest and most popular threads on the established bitcointalk.org, having had a successful strategy ever since it came into existence. The continuity of this social outlet is influenced by the level of exposure which is highly beneficial to all users. It reflects the sentiments of the people towards the DeepOnion project as well as their willingness to participate and support one of the best alternatives to other leading cryptocurrencies.   

A pivotal reason behind the continued success of DeepOnion is that it has had an exceptional growth over the past six months. Their diverse community is comprised of a number of talented individuals who foresee and predict the future.   
 

Factors Strengthening the Continuity of Deeponion 

DeepOnion is here to stay, and just like any other altcoin, it strives to keep up with the tough opposition from government regulations. It is also a victim of natural shits experienced in the digital currency market. It is common for most people to criticize new cryptocurrencies because they lack information on how they intend to stay in the competition. DeepOnion has addressed most problems faced by leading cryptocurrencies such as Bitcoin and Ethereum through its innovative technologies.   

Most investors have shifted to using DeepOnion because it cares more about the privacy and anonymity of its users. This altcoin operates on the TOR network which basically guarantees the security of users' identity. By promoting a fair distribution, the number of members holding ONION within the community increases which improves the overall cap of the currency. The number of participants keeps growing with a tapered emission of airdrop distribution that increases the number of airdropped coins.   

Unlike most currencies that failed during their inception stages, DeepOnion has always received great support and reputation from its community. The official forum presented by DeepOnion is backed up with their supporting technologies. Any questions regarding the future of this digital currency are addressed by the community and set other benchmarks for the DeepOnion project.   

Using its reliable network model, the likelihood of addresses being spoofed by attackers is reduced to a greater extent. There are numerous benefits derived from the integration of the TOR network into the stack of DeepOnion's technology. It has an impressive blockchain scalability and also conforms to the crypto-trends. This implies that it goes down when all other leading currencies experience a short plunge and comes back up with a new synergy.   

The Major Upcoming Trends of Deeponion 

DeepOnion focusses on strengthening its community by implementing novel blockchain technologies such as DeepVault, DeepSend, and DeepPoints. So what is the deal with these technologies? How will they influence the continuity of DeepOnion? 

DeepVault: - It is a technology that allows a user to store their file validation credentials within the blockchain. It helps you verify a file's integrity by determining whether it has been corrupted or altered. It can be thought of as a smart contract expansion where conditions or integrity is validated through cryptography. Not only does it improve the process of file verification but also improves the process of hashing.   

DeepSend: -It is a security feature that was developed to hide the traces of transaction exchanges within the blockchain. It addresses one of the primary problems encountered by Bitcoin. It is a technology that ensures anonymity of network traffic within the transport layer.   

VIP Program: - It is a reward program for the DeepOnion Community that allows members to receive a number of ONIONS based on their contribution towards the project. Its primary goal is to reward members who contribute meaningful points and create promotional materials for the general community.   

Mobile Wallet: - The DeepOnion mobile wallet is almost at its last stages of development before it can be released to the community. It is meant to protect your identity while on the go by naturally operating over the TOR network - one of the most reliable networks in the crypto-world. With a mobile wallet, you can naturally send and receive ONIONS, view your address book as well as transactions. It was purposely designed to promote a homogenous experience to all community platforms of DeepOnion.   
 

Intrinsic Value – The Light at the End of the Crypto-Tunnel 

The world of cryptocurrencies was black and white until now. People had two choices; either they were for the cryptocurrencies or against the digital currency. Lately, most investors have started recognizing cryptocurrencies with intrinsic value. Why? Everything that transpires in the crypto-world is all about the real value. While most altcoins lack security and intrinsic value behind them, DeepOnion trends as a digital asset with an ever-growing user base. It is backed up by a community of 12,000 members who work to ensure that this coin thrives for as long as it lives.   

Price manipulation of cryptocurrency in itself is not as bad as it sounds as it is not illegal. It only raises huge concerns when the resultant cause is a severe difference between the value of the coin on paper and how much it is really worth. Bitcoin and other cryptocurrencies have no actual purpose or function but they are just a store of value. This means that the price can be manipulated at will without any downsides or negative impacts provided every individual is willing to play along with the pretense of a fair price.   

That is the reason why Bitcoin was capable of shifting from being worth $200 to a high of being worth $20,000. It also depends on how the prices can be ‘fair' or ‘correct' despite no changes made on the coin in any way. This is a phenomenon that is not unique to Bitcoin, Ethereum, Ripple or any new currency such as DeepOnion. It works across all platforms but the difference stems from individual features of the digital currencies.   

Basically, that is how money works whether it is a cryptocurrency or a fiat currency. Provided a token is said to be roughly worth the same amount, then that will be how much it will be. There might be some speculation involved while discussing the crypto market but there is no pretend game at DeepOnion since it offers a real value that can never be destroyed regardless of the situation on the exchanges.   

The tendency of cryptocurrencies to be volatile brims up the light at the end of the tunnel for all altcoins. The whole ecosystem for DeepOnion operates on the basis of upcoming smart contracts. It is one of the digital currencies staying true to the immutability philosophy of the blockchain.   

The public tension caused by regulatory actions is entirely unfounded according to the statements made by the SEC and CFTC authorities. For example, the SEC chairman mentioned in his statement that he has the belief ICOs are useful to entrepreneurs who wish to raise income for their innovative projects.   

"I have the belief that ICOs prove to be useful for entrepreneurs who want to raise funds for various innovative projects irrespective of whether they are related to securities or something else".   

The Primary Concerns 

Major concerns that affect the crypto markets were also highlighted by the authorities. For example, bad actors seeking to take advantage of the situation by luring regular people towards fraudulent schemes. This is true in most cases as identified earlier with Bitcoin. These are some of the reasons why most government regulators have been on the heels of cryptocurrency exchanges in their countries. China and South Korea act as good examples of countries that sent financial shock waves to a number of crypto exchanges and investors.    

Although regulators are doing a good thing by weeding out fraudsters, it is also important for them to simplify the whole process to be painless for those who are serious about doing their businesses.   
 

Conclusion 

Despite the financial shock waves and panics encountered before, cryptocurrencies are still here to stay. They will always bounce back much stronger every time they experience a short plunge. There are many reasons why early investors chose cryptocurrencies over stock trading. The level of volatility for the crypto is what makes it prominent among the two. As we come to the end of our discussion, it is important to look at the altcoins as a long-term investment. Professionals usually have long-term views on the ability of cryptocurrencies to bounce back given their natural shifts for a correction in the market. It is a natural phenomenon affecting the leading cryptocurrencies and other recent altcoins. DeepOnion still trends in the market as a new booming cryptocurrency with some rays of hope and a light at the end of the tunnel.
 

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Amazing that since you've written this to today the community has grown from 12000 to 13000 members!

Thanks for spending your time in writing this story, I imagine it must of taken you some time! Have upvoted and re-steemed :-) I'm only half way through but nearly finished!

Awesome! Thanks for hard work, glad to see community believes in DeepOnion!

wonderful article. really detailed for those like me who are still a novice in the world of cryptocurrencies

Awesome article and one worth sitting down and studying with a cup of coffee. Always nice to have a reminder of the great achievements of DeepOnion and the great things still to come. Cheers

Great thing to learn more about DeepOnion and ICO :)

For future viewers: price of bitcoin at the moment of posting is 9503.40USD

You are da man! Amazing article, well thought out, well written, great work my friend! :)

It is very difficult to stay calm in periods like this when market is down. Especially for the people that have invested a lot of money. But if we have learned anything from the past it is that crypto is always bouncing back stronger than before. You just need to stick with strong projects and DeepOnion is one of them for sure.

The most profitable and enjoyable cryptocurrency for me is DeepOnion because it has so many good features, and all the members in the community support you in many ways. The community is active and grow day by day. I believe that DeepOnion will have a great development in the future, with no doubtless.