Investing into crypto currencies has become a passion for me and now I'm starting to look for new investments for start up crypto currencies. The possibility for loss is higher because start ups can go in either direction. How do you choose a good start up? You look for growth, not only that but stability. Ripple or XRP has been around since 2012 and started at about $0.0002 per coin. Then eventually went up to $0.44 a coin which is a HUGE increase. After this awesome rally the coin started to fall and todays price is $0.29. With over 30 billion coins in circulation you could buy a lot of these with a small amount of money.
Why do I think Ripple would be a good investment? Well the main reason I have is because Ripple works with the banks to lower international transaction fees and processing time. International transactions from bank to bank cost a lot of money and because of all the people in between to verify the transaction it could take weeks to receive or send money. We all know banks are not going anywhere in fact they are adopting block chain technology and they are trying to use to to move currency. Not only that they help connect banks all across the world and take care of exchange rates.
I personally believe crypto currencies will eventually replace the traditional money we use today. Until that happens banks are still running the currency show and anything that can help banks in the short term could be a good investment. People who invest into banks need companies like Ripple to help them innovate and bring customers something that crypto has, Ripple is like Bitcoin as its also decentralized but instead of working directly peer to peer Ripple works bank to bank.
Do some research on them buy some coins and hold onto them.
Thanks for reading,
Seth
