I decided to take the leap into investment and made my first purchase of 72k Reddcoin over the past weekend. I am looking forward to learning more about cryptocurrency and even one day hopefully launch my own coin venture.
Reason for Investing in Cryptocurrency
I am a single male, no heavy financial restraints (small amount of manageable debt) and was interested in investing into the stock market. my studies and researched showed me that I lacked the proper amount of disposable income to see any type of real return on my initial investment. so then I decided to look into penny stocks and came across the same issue. listening to some coworkers discuss their ventures into Litecoin and Ethereum caused me to research cryptocurrency. long story short, I saw greater chance of profiting in this investment market than the others, so once I gained a solid basic (very basic lol) understanding of cryptocurrency, I decided to look into what coin’s would be good investments.
Reason for Investing in Reddcoin
Most attractive was the rise and growth of the coin in recent week’s and month. I seen this was doing very well in turns of percentages of growth/value increase. I then began to research the coin itself and what sold me was it’s focus upon being the “social currency”. now naturally I had to reason within my mind what would make Reddcoin more attractive than Bitcoin or Litecoin because both can be donated or given via social media platforms. but ultimately the ReddID is what made me feel this was the route to take.
after researching how to open an account on exchange sites and how to properly open a wallet, I registered with a site and began my investment adventure
Hopefully this pays off for me, but even if it doesn’t, I am learning more and more each day and I believe I’ll end up becoming stronger in my knowledge base and this will allow me to make good picks in the future ahead.
I look forward to picking your guys and gals brains on cryptocurrency investment as well as trying to help better Reddcoin if I have any good ideas.