In November 2017, English Teacher Online invested 1,000 Baht ($30) and bought 150 XRP (Ripple’s groundbreaking cryptocurrency). This blog explains why buying cryptocurrency is better than playing the lottery and how 20 cent per token was a bargain!
In 2012, Bitcoin would have cost you $10 each. After a meteoric five-year rise, one single Bitcoin has hit $20,000 / (click here to find today’s live BTC price)
Further back in 2009, you could have purchased 5,000 Bitcoins for $26.60. They would be worth over $50 million dollars now!
Analysts suggest that Bitcoin could still rise to over $30,000 or $100,000 in the next few years – but the truth is, we just don’t know. What’s more, there are far cheaper alternative coins for you to invest in, of which Ripple’s XRP is just one!
What If Ripple’s XRP Followed A Similar Trend to Bitcoin?
XRP is one of the newest and largest cryptocurrencies. Its key advantage is that it enables banks to trade faster – Bitcoin takes four hours to settle a transaction while XRP takes 3.6 seconds.
The big banks are lining up to use XRP and as they do, we can see its price rise dramatically.
So that’s why I invested $30 and purchased 150 XRP. If the price rose anywhere near the Bitcoin price of $20,000, then I become a millionaire.
Odds on the XRP price crashing completely look low but if it did, I only stand to lose my $30 stake!
Remember I bought them for $0.20 cents each and today they are worth ????
That’s what makes me think that investing in crypto-technology like Blockchain is a better risk than playing the lottery.
How Can I Buy Cryptocurrency?
After doing some research, I’ve found that the safest and easiest way to start buying cryptocurrency in Thailand is to make a bank transfer to bx.in.th – a reputable site which has been operating since 2013.
Deposits are secured with a range of precautions including Two-Factor authentication which is highly recommended, using an app like Google Authenticator.
The standard fee is a very competitive 0.25% per trade, automatically deducted when the trade is executed. There are no fees charged at the time of creating an order so if you cancel the order no trade fees are charged at all.
If you’re in the UK or USA, you can use cex.io to buy Bitcoin BTC.
Once you have Bitcoin, you can use it to buy alternative coins through Binance.
Consider Safe Off-line Storage
Once you’ve got your cryptocurrency, I highly recommend keeping it in a digital wallet, off-line in paper form or on a device such as Ledger Nano S.
For extra security, put all your codes in a safe and lock them away.
Start Your Own Crypto-Currency Portfolio/Business With $0.00
The crypto business is still very young so companies are giving away free coins using air drops. This means you can start without spending 1 penny!
https://cex.io/r/0/up112568409/0/ to start buying Bitcoin in the UK/USA etc.
https://bx.in.th/ref/fV0HgS/ to buy Bitcoin in Thailand.
https://www.binance.com/?ref=12097922 to buy alt (alternative) coins with Bitcoin.
Ledger Nano S to keep your cryptocurrency safe OFF-LINE.
https://www.wealthyaffiliate.com?a_aid=b9066427 for a 7-day trial teaching you how to build your own affiliate website like mine!
Please use my affiliate links and email Steve@EnglishTeacherOnline.Org so I can earn some commission while helping you start your own online business presence.
DISCLAIMER: I am not a financial adviser or time traveler and I don’t have a crystal ball. Never invest more than you are willing to lose. Play it like the lottery and try to have some fun!