Topic: Bitcoin for Dummies (Read 502 times)

Bitcoin/Litecoin is simply a store of wealth.
You can rest assured that it has value because a certain amount of energy has been used and will be used to create it and it can not be cheated. Instead of shifting mountain's of dirt to get to the Gold, the energy is used for mathematics to get to the Cryptocoins. Golds primary use is to dig it up only to be bury it again (7 story underground in a vault)
It does not matter when you buy a quality coin as long as you're not in a rush to sell you will come out in front. There is no such thing as the price is to high now i missed the opportunity, it will only rise as ever more energy is used and more people store the savings in a save heaven like Bitcoin.
How much the individual coins are worth depends on a lot of things. At the forefront is how much energy has been used this far, then how good the code is and the developers working on it. Also you must have the confidence  that the coin will still be around tomorrow, next week and long after you are gone. A "cheap" coin simply means that little energy has been spent so far or a lot of coins will exist or a combination of it. If the code is just a copy/pasta and/or little development or pre/instamined  also affects the price of course.
XRP's to a terrible job of storing wealth its like holding sand in your fist there are by no means useless but just not a wise choice to store  wealth.
Proof of Stake (PoS) is something in use by the stock-market for hundreds of years and is nothing new.

To shift wealth to anywhere in the world safely cheap and efficient or simply store it, or to buy your super yacht your house or simple have a reliable retirement plan the aforementioned coins will get it done way way better than any savings account.