Why You Should Buy Ripple? It is known that investing can be quite risky at times, but if you know what you are doing, you could turn a profit. Today there are a huge number of investment possibilities, investing in cryptocurrency is one of the most popular possibilities. In this guide, I will focus on a specific cryptocurrency – Ripple, we will find out how to invest in Ripple.
Ripple sets itself apart from other cryptocurrencies for two main reasons that we are going to look at. Indeed, you should first have an idea about this crypto currency before investing in Ripple.
After, I will share with you everything you need to know about how to buy Ripple XRP and why etc.
By the end, you should not only know how to invest in Ripple and how to buy Ripple, but also all the other features of this one of a kind cryptocurrency.
Description de Ripple
Very few people know this, but Ripple is the name of the company that created and developed cryptocurrency, not the currency itself. The latter is called XRP, but people have gotten used to calling it Ripple. To keep it simple, I’ll do the same in this guide.
Ripple is a cryptocurrency Similar to Bitcoin and Litecoin with regard to its structure and technical data. She is, however, nicknamed “the Bitcoin killer”. Why is that?
Well, first of all, Ripple XRP is faster and aims to make better transactions than Bitcoin, while maintaining the same level of security (or even a higher level!). The nickname “Bitcoin Killer” stems from speculation that Ripple will eventually overtake Bitcoin and become the market leader in cryptocurrencies.
While being nothing more than speculation for a long time, Ripple managed to climb to No. 2 in the market at some point. Even though it couldn’t stay there for long, at the time of writing, Ripple is ranked third in the market.
Also, what makes Ripple unique is that it is different from the majority of other popular cryptocurrencies. Ripple XRP was created by a private company (unlike other open source cryptos). This point alone causes a lot of debate in the market regarding the future of the project and the currency.
How To Invest In Ripple?
Now that you have a pretty good idea about Ripple, let’s move on to the investing part.
Why invest in Ripple?
In the table below, we can see the whole history of Ripple.
We can say that the adventure of Ripple is really interesting, especially when we see its price fluctuations.
Ripple XRP started out like other cryptocurrencies at a very low price. It has had an ordinary course for the longest time, and its sudden price explosion coincided with the rise in the value of the cryptocurrency market.
At its peak value, Ripple had almost hit $ 4 per unit. It was huge compared to its price six months earlier. However, at the start of 2018 when the crypto market experienced a devastating crash, Ripple had suffered as well – its price dropped and it is around $ 0.53 at the time of writing.
Even after this crash, the cryptocurrency is still fully functional. In addition, its value starts to rise again! Of course, it is slowly increasing, but it could be a new start for Ripple.
With the currency slowly rising, this would definitely be the best time to invest in Ripple, if that’s what you want to do.
Method # 1 – Buy
So how do you invest in Ripple? Just buy some.
No, I’m not kidding.
Sure, it sounds obvious, but people tend to forget that the easiest way to invest in Ripple is to just buy it. Let’s say you buy 100 XRP – at the time of writing this guide, you’re going to pay around $ 50. So you just have to…. Wait.
If you have the time you can invest Ripple and just “forget about it”, that’s the best way to go. Of course, this is a long term investment, but it can bring you huge profits.
Imagine if Ripple is worth $ 8 in five years, which is absolutely not impossible. According to some speculation, the currency will be worth much more.
In this scenario, if you invest $ 50 today, you could get back $ 1600 in five years without doing anything!
This is a risky way to invest in Ripple because no one knows for sure how much Ripple will be worth in the future, but it is also very simple. Even if, for Ripple, it’s a bit more complicated than with most other popular cryptocurrencies.
You cannot buy Ripple with fiat currencies – USD, EUR, etc. You must first buy a specific amount of another cryptocurrency (preferably Bitcoin) and then with your Bitcoin you will invest in Ripple. It would have been easier if you could invest Ripple directly with Dollar or Euro, but that’s okay.
But where are we going to buy Ripple?
bitsane.com is considered by many to be the best website to invest in Ripple. It is a Europe-based trading platform that offers excellent customer support, very good trading speeds and secure transactions. According to the opinions of people, Bitsane is the ideal choice to invest in Ripple.
Method # 2 – Startups, Companies, etc.
This is a less well-known (less used) method of investing in Ripple.
In recent years, many start-ups specializing in Blockchain and cryptocurrency have emerged. At the same time, more and more people are interested in the crypto universe, which gives birth to creative and unique ideas. These ideas often manifest in the form of new ventures aimed at revolutionizing or making an impact in the cryptocurrency arena.
While not as popular as simply buying Ripple, investing in crypto startups is a great way to increase your potential income.
However, with Ripple, it’s a bit complicated. Ripple is a centralized currency – the creators dictate the rules of the game. Currently, there are 100 billion Ripple XRP units on the market, and the way it works is that once you use an amount of XRP in a transaction or any other way, it disappears. As a result, the amount of XRP that exists decreases every minute, thus increasing the value of the remaining Ripple.
Also, it means that no one can mine Ripple. The same goes for any other modification by a third party – it is impossible!
What you’re going to do in these kinds of situations is invest in a startup that you think has the potential to grow and become profitable in the future. Crypto startups are mostly idea-based: while some ideas are a bit too far-fetched, others are innovative and creative. It’s going to be tough at first, but with enough research and deduction skills, you might find some quality contenders.
If the startup turns out to be profitable and you made a profit with it, you could then invest in Ripple. Frankly, this is one of the best methods to acquire this cryptocurrency. Acquiring and holding a large amount of this currency could prove to be very profitable in the long run. But I advise you to never stop looking to see if there is better in the market – like I said, there are a lot of startups emerging every day. You never know what you might discover by doing your research.
Most Appreciated Results
Looking for in-depth information on similar topics? We have put together similar articles to save your time. Take a look!
Before investing in Ripple – The Future
You now know how to buy Ripple .. But should you?
As cryptocurrencies are very volatile, it becomes more and more difficult to predict prices with certainty. Some currencies follow the trends expected of them, on the other hand, it is the opposite for the majority, they are unpredictable.
Ripple is no exception to this rule. He is owned by a well-known company which reduces speculation about his future, however, it is very difficult to talk about his future without hesitation.
Looking back on expectations, the Ripple price SHOULD increase bit by bit. People appreciate what is rare and exclusive, and that should be the main factor influencing Ripple’s price growth.
On the other hand, while Ripple is indeed quite special (when it comes to cryptocurrencies and their structure), it is important to keep in mind that it is not isolated from the cryptocurrency market, it depends heavily on it, and there is little that creators can do to influence the price or distribution of currency.
However, Ripple is still being talked about positively in the crypto news. The return to life of cryptocurrencies has excited many crypto enthusiasts. Which should spark a new wave of interest in Ripple. Many websites, blogs, and articles believe this is the turning point for Ripple – that its price will go up from that point on. This should be kept in mind by anyone looking to invest in Ripple.
Summary
Let’s quickly recap what we’ve seen in this guide.
Ripple is a cryptocurrency similar to Bitcoin and Litecoin in structure, but centralized. It was created by a private company, which hopes to make a profit with this currency.
What sets Ripple apart is that it is fast (faster than Bitcoin) and secure, transactions are easily made and it is very popular in the market.
The fact that it is centralized prevents Ripple from being mined or obtained in any way other than buying on an exchange. Which is not always suitable for those looking for ways to invest in Ripple.
On the other hand, it makes the process clearer and simpler. You have no choice, and the fact that it can be obtained exclusively through trading allows you to do more research.
If you are thinking about investing in Ripple, check out forums and online groups that specialize in researching and discussing all things Ripple. Also look for expert opinions on the subject, analyze statistical trends, and more.
The Most Trendy Results
Browse our collection of the most comprehensive articles, guides & tutorials on crypto exchange platforms. Always be in the know and make the best decisions!
Conclusion
Ripple is one of the most interesting cryptocurrencies because its unique characteristics are very attractive to investors and crypto enthusiasts.
According to the crypto community, if a cryptocurrency is useful, even if it struggles – it will always be relevant and survive. Since Ripple has pronounced advantages which can be applied in the real world, therefore, it can be said that it should continue to grow and develop.
However, what needs to be kept in mind is that the speculation will still be there. No one knows for sure whether the price of Ripple (or any other cryptocurrency) will soar or fall and never recover. If anyone tells you assert that for sure … He’s a big liar.
Always be careful with the speculations, guesses, and opinions of others. Do your own research to get an informed opinion – never invest more than you can afford to lose.
Hope this guide has helped you educate yourself about Ripple and the most different ways to invest in Ripple. If you decide to buy Ripple – I wish you good luck!
Leave an honest reaction
Leave your review in a neutral way and help thousands of people choose the best crypto exchange site. All reviews, whether positive or negative, are accepted as long as they are honest. We do not publish biased reviews or spam emails. So if you want to share your experience, your opinion or give advice, we strongly encourage you!
Related posts:
Bitmain Antminer r4 Review – Benefits Profitability Payback Specification 
Nvidia GTX 1080 ti Hashrate – Review | Overclocking |Ethereum |Profit (sky high) 
Antminer S5 ASIC Hashrate – Review Profitability Payback Period 
Asic Antminer S1 Hashrate – Review | Test| Specs| Pros & Cons | Set-up| 
Miner Baikal Giant x11 – Hashrate|Profitability| Specs 
Radeon Hd 7970 Hashrate -Review|Profitability | Specs | Pros and Cons
