How to invest properly in Ripple - useful tips

How to invest properly in Ripple - useful tips

Against the background of the growing interest in crypto currencies in general and Ripple in particular, one should orient oneself to simple investment rules in order not to lose.

Tip 1: Invest long-term

The project is not aimed at short-term profit, so it is an investment for the patient, those who are willing to wait six months, a year and more before making a significant profit. The fact that the majority of the tokens are owned by the company itself testifies to the prospects for long-term storage.

Tip 2: Invest as much as you are not afraid of losing.

The cost of tokens is pretty low, which allows you to buy them all. You shouldn't get into a mass hysteria about crypto currencies. There is no need to buy Ripple with the last money because this market is relatively young and sometimes feverish in an unpredictable direction.

Council 3. do not buy crypto currency against a hype.

Wait for an obvious drawdown - as in every auction after every peak of hype there is a so-called "rollback" where the price often drops by half of the peak. It's worth buying in those moments, because you can buy many more coins at a low price. By buying at the height of enthusiasm, you reduce your potential profit significantly.

Council 4. Do not use borrowed funds.

Borrowing money to make an estimated profit is not the most sensible solution.

Dropping out of this complex equation with only one variable carries the risk of being left with no profit and an outstanding bond.

Council 5. consider portfolio diversification

You should not blindly trust a single currency when it comes to all your savings. In the event of unforeseen circumstances, you risk devaluing your assets or losing them altogether. An investment plan should be followed where no investment in the investment portfolio is considered too risky. So if the price of an investment instrument falls, there is no critical situation.

These are the basic rules, there are others that require in-depth investigation. There is no need to rush this matter - it requires a clear analysis and understanding of the risks.