Figure 1 Bitcoin(Left) XRP(Right)
Hello and welcome to my personal blog. I would like to start out with the reason that I have found this passion of mine. From a very young age I have always felt that I am different in one key way. I am an entrepreneur. In short, I have operated a business since I was about twelve years old. My early excursions dealt in the realm of small-scale eCommerce and various little schemes that produced small profits. I worked long hard hours trying to figure out anyway to make a single dollar. I would literally spend ten minutes on a product just to make twenty-five cents. As my ambitions and ideas began to expand I started to sift through the internet for any way to make my business better. This is how I found my passion.
At the age of fourteen I found cryptocurrencies. They are “online tokens” that are not physically backed by anything. They are a collection of equations and algorithms that are stored and transferred over what is called a blockchain. They are more like a stock than anything and they trade on privately owned market systems. The “king crypto”, bitcoin, was the first to come along in 2009. At the time of its ICO (initial coin offering) it was valued at a fraction of a cent. Today it trades at almost 10,000 U.S. dollars. It is considered by many as one of the best investments of all time, assuming it was purchased before the big “boom” in late 2017.
As I said I was just fourteen when I came across this godsend of an opportunity. I looked at the markets with minimal expertise. I looked at the technology that was backing these assets along with their real-world application and I poured every ounce of money that I had made into them. I purchased equal amounts of Bitcoin and XRP.
What I saw in Bitcoin was pretty simple. Bitcoin was the first to come along, so like most emerging markets it would gain the first rise. I backed XRP because of its real-world application. XRP is a liquidity solution that hacks bank settlements from three days to three seconds. My reason for investing in XRP was based on the fact that this technology was crucial. I sat for hours and tried to think of how it could fail. Needless to say, I am still thinking.
Figure 2 Bitcoin Price Chart (28 Dec. 2017)
For three long years I waited around and checked the prices with minimal movement. Any forum or discussion that I read was in a stalemate with people who did and did not believe in Bitcoin and XRP’s future. However, in late 2017 my phone began to ring.
While in class I felt vibration after vibration and as I looked at the screen I saw twenty notifications from my price tracking app. In the following weeks the whole world came to know Bitcoin, XRP, and countless other cryptocurrencies. The markets went up by over 30% every day. I was a part of one of the most profitable investments of all time, needless to say this absolutely changed my life. This is where I found my passion of emerging markets.
XRP Real Time Price Ticker
Bitcoin Real Time Price Ticker
this is good!