Community post
CRYPTOCURRENCY
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 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!
Replies (5)
Hey check out Aeternity (AEONS) and Monero. Monero is like a better bitcoin and Aeon is like a better Ether. Im long on both, Im currently mining Aeons on Miinergate.com with my company laptop. Huge promise, if you like fancy tech that veils your privacy with multi-layers then do some research on both.
Oh, I think Ripples have promise too. If I had put 3MM right now >:((( anger face.....now Im hooked on not missing out again
just downloaded it is it any good
Some hardcore crypto folks don't like ripple because the banks use it to transfer money instead of the swift system specifically the japanese central bank, they think since the big banks are involved that its against the spirit of what crypto is. On the other hand it may have some upside potential if the big banks adopt it more and it is actually being implemented which is more than i can say for alot of these other coins.
thats why i believe it has potential as the banks will save money using it