Is Ripple the next big thing ?

in #steemit7 years ago (edited)

Digital currencies have emerged as one of the most profitable investments of 2017.

You don’t have to take our word for it. Just take a look at the returns:

  • Ethereum is up 2,000%.
  • Bitcoin is up 744,233%.
  • Litecoin is up 750%.

With the digital currency floodgates open, early investors are becoming accustomed to four-digit returns.

But there’s a catch. Many of the currencies listed above have already achieved mainstream investors. They will continue to generate profits (making them valid investments), but you will never be able to buy them for under $1.

Many digital currency investors are hunting for the next big altcoin, hoping to find a new Bitcoin for the right price.

And the best contender is Ripple. In the last year alone, Ripple is up 3,733%.

Ripple is not your traditional digital currency. Calling it one is the equivalent of calling a horse a mule — you vastly undersell the currency’s potential.

Today, Ripple is busy revolutionizing the way we transfer money and receive payments. Soon, it will change the way we bank and conduct business around the globe.

Over the course of this report, we are going to educate you on Ripple’s potential and expose the top three reasons you need to be investing now. By the end of this report, we hope that you'll rush to the exchanges.

It’s no secret that success in the corporate world depends on one thing: clout. For any technology to advance, it has to establish its value for both investors and corporations. Many digital currencies fail to do this because their leadership doesn’t know the right people or methods.

For Ripple, establishing itself was as easy as pie. With two well-connected founders using their complex networks, Ripple quickly attracted venture capital and major investors.

In 2015, Ripple raked in $55 million in venture capital in just one funding round. And this money keeps pouring in with more big investors backing the company weekly.

One particular investor is worth taking note of. It is a tech giant that hasn’t shown a lot of interest in the bulk of digital currencies: Google.

Google was one of Ripple’s early backers. Both the mega-giant and its peer Apple prefer the blockchain method of payment to existing credit cards.

In Ripple, Google saw an opportunity to simplify and secure payments. It knows a good investment when it sees one.

And so do the other venture capitalists pouring money into Ripple. The names backing Ripple — Andreessen Horowitz, FF Angel IV, and Lightspeed Venture — have stood behind dozens of lucrative startups, including Airbnb, Asana, BuzzFeed, Coinbase, Facebook, Twitter, and Snap.

How to Start Investing

I am going to level with you — Ripple is a bit harder to invest in than its peers. But since you are serious about making money, this is a good thing.

Ripple’s exclusivity means that not everyone is in on it yet.

We use Coinbase for the bulk of our digital currency investments. Coinbase allows users to buy Litecoin, Bitcoin, and Ethereum, with hopes of expanding to other digital currencies in the future. Ripple could be on the horizon.

We don’t want you to wait until then. So, we are going to walk you through buying Ripple on smaller exchanges. That way, you can get the currency while it is under $1.

The two most popular currency exchanges for investing in Ripple are Poloniex and Kraken. On both platforms, you can exchange Bitcoins for Ripples. Many people choose to set up a Coinbase account and then transfer Bitcoin into Kraken or Poloniex.

To do this, set up a Coinbase account. Once you create a username and password, add your banking information and make a Bitcoin purchase. Keep in mind that you can use your Coinbase account for more than just Bitcoin. It is a gateway account that will allow you to purchase Ethereum and Litecoin. You can explore both of those currencies in additional reports on our resource page.

Now, set up your Kraken or Poloniex account. Transfer Bitcoins into your chosen platform and you can start buying. With Coinbase, you may have to wait a few days for the purchased Bitcoins to arrive into your account. As you venture deeper into digital currency, it will prove effective to keep Bitcoins on hand. Most altcoins can be purchased with Bitcoins.

As things stand, Ripple could be one of the best investments in the digital currency space. It has unmatched potential in the financial world and a legion of support from both megacorporations and the tech community.

It isn’t going anywhere — but its $1 price will quickly become history.

If you would like some more information on opportunities in the world of digital currency investing, you can watch the latest presentation put together by the experts at Wealth Daily.

If you do not wish to watch the video presentation, you can view the written report right here.

Best of luck with your digital currency investments.

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It's a bankster coin! Yeah, you can make money on it. But for me, that's like trying to profit somehow off of the Hollywood pedophilia ring or by investing in Lockheed Martin or Raytheon and hoping that the perpetual wars the U.S. orchestrates continues. No thanks!

Maybe or maybe not. It's something 50-50.And If there's money involved you gotta take a risk in this field and dig in.See, investing in ripple doesn't make one bankrupt and from my analysis, I think it's the next big thing and will make u money, a lot of money.

Well that's quite a comparison your making! :o I think Ripple did a good job by focussing on a specific use case instead of screaming to disrupt the banking system or government influence. I like the project although they are quite controversial compared to other crypto's.

Yes, beacuse of focusing on specific use case Ripple’s blockchain network has been adopted by 100+ major global banks for transfers. This is because Ripple is much faster than most blockchain networks and much cheaper too. Banks which adapt Ripplenet and use XRP will reduce their costs of the transaction by over 60%! This will make Ripplenet the go-to enterprise blockchain platform for banks. They will buy the XRP coins for transactional purposes and this will push the price even higher.So, I think it is not the worst idea to invest in ripple.It will surely make some money.

I won't bet a dime on ripple's vision, if you are trying to make money out of ripple trading, it is fine, otherwise it may lead to problems.

Yes, it has disadvantages because of weak decentralization, when compared to other digital assets but I think the advantages outnumber the drawbacks.

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