Digital currency: Ripple vs

The Motley Idiot

Digital currency, Ripple, is sweeping the world, just like Ethereum and Bitcoin before that.

This, from the ever-reliable

an open-source platform

can contribute to:

“Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples).” –

To keep reading, come in your email address or login below.

Digital currency, Ripple , is sweeping the world, just like Ethereum and Bitcoin before that.

This, from the ever-reliable Wikipedia, an open-source platform anyone can contribute to:

“Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency called XRP (ripples).” – author unknown.

Ripple is the third-largest cryptocurrency by market capitalisation (source unknown). But, CoinDesk says that Ethereum is worth $23.Two billion in total! The Bitcoin market is around $41 billion.

I very first came across Ripple from a family member. The same family member who pointed me to Ethereum a little while ago.

The family member booked a healthy profit of 30% on Ethereum and used the profit to buy some Ripple. Gravely, I’m not making this stuff up…

In the last week, Ethereum is down from $375 to $250.

Timing sublime on my family member’s behalf.

BitCoin, which is priced a bit under $Two,500 is down from $Two,800 last week.

The world is packed with people who know the price of everything but the value of nothing.

Ordinarily, as a finance man, I could suggest some insight into the value of an investment. However, in the field of speculation, you are not valuing something so much as you are speculating on the perception of value.

For example, a property earns cash in the form of rent. Even if you require a buyer to perceive it to be worth more when you go to sell it, it will still earn rent.

Shares in National Australia Bank Ltd. (ASX: NAB) should pay a dividend this year and next. We can value it because the comes back are tangible and somewhat predictable.

But how do you value digital currencies that few people (globally) truly understand?

For most people, the only way to make money will be to play the greater loser theory and speculate on switching prices.

It may be possible, but I’d rather get rich the other way .

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

The Motley Idiot’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of “The Motley Idiot’s Top three Blue Chip Stocks for 2017.

Motley Idiot Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen encourages your feedback. You can go after him on Twitter @OwenRask .

The Motley Loser Australia wields shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Idiot has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Related video:

Leave a Reply