Did you read my article on why XRP and Ripple have so very little in common?
On the one hand we see Ripple right up there with the Titans of Industry, whilst the token that supposedly represents the company, is today languishing at just $1.01 per token.
Do you remember this scene from Casablanca?
Rest assured the Regulators are definitely coming and it’s most unlikely that they will be as malleable as Captain Louis Renault!
For certain, it’s got to be better to do some research before you invest your cash, otherwise you are not investing, you are speculating or gambling.
So Ripple’s doing great but that doesn’t mean that XRP is too!
How do you find that out? You need to do some research.
According to Wikipedia investment or investing means that an asset is bought, or that money is put into a bank to get a future interest from it. Investment is the total amount of money spent by a shareholder in buying shares of a company.
“Investing is the act of committing money to an endeavour with the expectation of obtaining an additional income or profit.”
Warren Buffett defines investing as, “the process of laying out money now to receive more money in the future.”
Interestingly, you can use those same definitions for gambling. So what’s the difference between the two?
What’s for certain is that all the investors in Ripple spent loads of time researching their plans, their aims and objectives and the team at Ripple, long before ever making an investment into the company.
But all that time put in at the front end has paid some remarkable dividends.
Conversely those who failed to do their research at the front end, might well have come unstuck, chasing XRP in the belief that XRP and Ripple were inextricably interlinked.
Those who did their research were investing, those who did not were speculating, or gambling.
Many “investors” think investing in Crypto, is like walking into a betting shop. They throw money at a token, or a basket of tokens, based on rumours, tips, or something else they believe in, they do little research into each token and if it all goes well, great, if it doesn’t, then caveat emptor, buyer beware, you could well lose your cash.
The crypto market seems to have taken a hammering over the last 48 hours, but this is an exciting new world and there are many people excited about the incredible future it offers. I’m excited as well. I’m still investing in Crypto and I’m learning the importance of research. I’m playing the long game.
That’s how you win!