Steemit Crypto Academy | Homework Task 6 For
@besticofinder : Cryptocurrency Investment Considerations
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Every business has a risk of profit and loss. The greater the risk, the greater the profit margin we will get. Investing is not an easy thing. It is the riskiest endeavor. Today March 17, 2021, there are already 4335 coins competing with each other on coinmarketcap.com. The number of coins is increasing day by day makes us beginners confused about which cryptocurrency to invest in. Well, on this occasion, I will answer your concerns in this post. I started this post with a simple question. Then answered it simply so that all beginners can understand it.
What Should I Look Out For Before Investing In Cryptocurrency?
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• Research and Make a Selection
I did some research starting from reading crypto-cryptography whitepapers, joining the community, explores and several other references on the internet. After seeing the cryptocurrency coin ranking on
http://coinmarketcap.com, I chose Ripple (XRP). Ripple on March 16, 2021, on the 7th rank of 4335 cryptocurrencies that have been registered on
http://coinmarketcap.com. Ripple is among the top ten most sought-after cryptocurrencies. he is one level above Uniswap (UNI) and one ladder below the Polkadot (DOT).
XRP Price Live Data. The live XRP price today is $0,474697 USD with a 24-hour trading volume of $4.027.416.226 USD. XRP is down ,08% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $21.553.136.718 USD. It has a circulating supply of 45.404.028.640 XRP coins and a max. supply of 100.000.000.000 XRP coins.reference
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• Why and What Are My Considerations?
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.
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Ripple is faster than Bitcoin and aims to perform better transactions than Bitcoin while maintaining the same (or even better) level of security.
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• Where Can I Invest in Ripple?
There are tons of exchange markets for investing in Ripple. On the Coinmarketcap's site, there are 646 markets you can do to invest in Ripple. However, choose a market that has never been hacked. Be careful in choosing where to invest. Cryptocurrency exchange EXMO said an estimated $4 million of the cryptocurrency stolen during a hack on Dec. 21 was through the exchange Poloniex.
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And there are many other giant exchanges that have been hacked such as Coincheck, Bitgrail, and so on. See here the markets that have been hacked.
referensi After reading some references, I chose
https://global.bittrex.com/ as the place to invest. Bittrex has never been hacked. but the way the list is a little difficult because you have to use a passport when verifying account data.
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• Predictions Of Experts About Ripple
Andreas Kaplan said that if you look at the price of XRP token in the last one year, you would realize that it has increased by more than 100 times." It is because it is a unique cryptocurrency that has a real-world application as well. Even the banks are using the Ripple protocol to initiate the transfer of money quite quickly. It is one of the main reasons why XRP is so valuable.
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- The Conclusion
Looking at Ripple's clear and obvious advantages, I think Ripple will continue to grow and develop. No one knows for sure whether Ripple (or any other cryptocurrency for that matter) will skyrocket in price or crash without a chance to bounce back. I advise you to invest the amount you are willing to lose.
Special thank to: @besticofinder @steemcurator01 @steemcurator02 @steemitblog
Hello @zulkarnain,
Thank you for submitting homework task 6 !
[2]
Thank you
Ooo i see
Thanks sir
I think shutterstock is able to use professor @besticofinder
https://steemit.com/guide/@steemitblog/steemit-a-guide-for-newcomers
I think shutterstock is able to use professor @besticofinder
https://steemit.com/guide/@steemitblog/steemit-a-guide-for-newcomers
https://twitter.com/zulkarn68806919/status/1372575427286294536?s=19
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