If you are buying a digital asset, it’s often difficult to choose, especially if your knowledge or experience is limited. In this piece I’m going to go through a few of the decisions that I made and talk about how and why I arrived at XRP as my coin of choice. I’m no expert, I could be super wrong but I don’t really care either way – buyer beware etc!
Choosing a Digital Currency
What coin/token should you choose when venturing into digital currency? – Crypto currencies generally, have seen massive speculation and interest in 2017 with many increasing to unseen heights. Various financial publications have talked of ‘Bubbles’ and inevitable crashes and yet, each time we’ve seen a dive, there’s usually been a recovery in the days and weeks that follow.
We can speculate around the reasons for price rises and falls and draw all manner of conclusions. In my investigations I encountered various theories; classical economic theory of supply and demand and scarcity of resource – pump and dump, wide consumer adoption helped by media frenzy and assisted by low interest rates and dissatisfaction generally with investment returns. Continue reading “Why have I chosen XRP over other digital currencies?”