Why you should invest in a coin like ripple
Let`s take a look at Eth crawls. It went from 400 to nearly 700 recently, sure. But that's not even double. In that same time LTC went from under 100 to 310 dollars. That's triple.
You got to stop thinking in dollar amounts, and start thinking in percentages. You see a coin like eth go from 400 to 700 and think "wow! 300 dollars!"
But a coin like EOS, which used to be under a dollar, is now around $4.80
So imagine. You have $1000. You put it all into EOS when EOS is worth $0.50, meaning you just bought 2000 EOS. Now EOS is $4.80, which means you have 2000 x 4.8 = 9600
So I recently learned that ripple has a cap that's much lower than eth, ltc, and bitcoin. As in, once that cap is reached, it will be exponentially harder to mine it- meaning that it's value will only be affected by the buying and selling prices.
If it does go to $100 apice, and you buy $1000 worth now (it's worth 77 cents) you'll make away with a clean 100,000 dollars.
but that might be risky, so what you may want to do is divest- invest in multiple different coins. $100 in ripple, $300 in LTC, $200 in monero... hell, throw $25 into dogecoin (dogecoin fucking sucks, I mean it has a lot of potential but the actual programming backing the coin is bad - better coins like Dash and Bitcoin have faster transfer rates)
So where should you buy them? Bittrex is a great website with a lot of information, Coinbase is a bit more user friendly- sort of like the "Apple" of crypto currencies, they'll charge you out the ass for transactions though.
I use Kraken, but I hate it. It's an excellent website, but it's stupid laggy and glitchy.
litecoins and ripple are going to get popular soon, Ripple especially once coinbase starts to support it, (since most new investors go through coinbase)
Litecoins jumped from 79, to 120, to 150, to 210, to 250, to 320 recently.
What you want to do is something called 'day trading' - wait until the prices on a 'too big to crash' coin like LTC or Bitcoin fall, then buy. Sell it when the prices peak.
You will not make much money at first. It takes a long time to learn the ropes. You may even lose money.
One thing you can bank on is that coins will ALWAYS eventually go up. If you make a bad investment and lose a lot, you'll just have to wait- sometimes months- and you'll eventually profit.
Thanks for reading and pls upvote if you liked it.
xrp is less than one dollar but it has hundred billion supply which can suppress it's price
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