So if anyone is unsure what crypto currency is this is a quick over view of what it is:
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and to verify the transfer of funds, operating independently of a central bank.
I have just started investing into cryptocurrency myself by purchasing my first bit of Ripple (XRP).
I have purchased this because:
- The current price per coin is $0.270117
- I believe crypto currency will become more powerful due to technology
- I also believe Ripple has a good potential in the future as when bitcoin first came out it was around $12 a coin and now to this day it sits at around $2000 a coin. So i believe ripple may be the next bandwagon to jump on if you missed the flight with bitcoin.
That is a quick summary of what i think so far, i am also new to all this so any advice and feedback would be great to hear!