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RE: RIPPLE (XRP) Is Becoming a PROFIT TSUNAMI!! Target $4.11 (200% Profit Potential)
Good analysis.
So many are negative towards XRP because it's a 'bankster' coin.
However I say if there is profit in it go for it. Makes a change to be able to make something off the banksters rather than get robbed by them.
Personally I'm staying nimble with regards to Ripple as it may be one to get rid of quick when the top comes in.
But a profit is a profit , right!?
Yes, a profit is a profit -- but sometimes profiting is a case of musical chairs. You don't want to be the one holding a bunch of the wrong thing when the music stops.
In the case of Ripple, the implications of it being a "bankster coin" are this:
Your balance CAN be frozen or confiscated; and
At some point, the banks (especially US banks) will start forcefully implementing the various "Know Your Customer" laws and doing that freezing/confiscation bit on anyone who won't or can't meet their verification demands.
So by all means, get while the getting's good -- and @haejin's analytics seem to be good scoop for predicting short-term market trends. But keep an eye on the regulatory side and plan to move out of XRP and into something less centralized/regulatable in time to not lose your a$$.
I'm with ya mate, that's why I said about being nimble. Picking a top is incredibly difficult thing to do so I have an exit strategy for XRP.
I'm not comcerned about losing the investment in Ripple as it was a wild speculation when I bought in at roughly 5c, however I don't like to lose so will endeavour to be on top of the situation and recycle the profit into the alts I hodl.
Hello gentlemen!
You both seem knowledgeable on this subject so I thought I should repeat the question I asked above,
I bought some XRP and was thinking to sell but there is a problem, I am on Binance and since a couple of days now, it's showing a different price:
Can someone guide me on why does exchanges and coin market cap show different prices for XRP?
This is Binance showing $2.62
This is coin checkup and coin market cap showing $3.08:
Sometimes, the difference increases to almost a dollar.. And this is sort of very fishy to me atleast..
Different exchanges show different prices because those are the actual prices the stuff is trading for on those exchanges at any given moment. When you see a news story that says "this cryptocurrency hit this price today," that's the high price it hit on the exchange the person reporting it was watching.
Oh, so there is nothing worry, right?
I am going to cash out as soon as it hits $3.5 again on Binance.. it was booming on Friday and I should have sold it at $3.70, will learn from this now and not get greedy next time.. XD
Correct -- there's nothing to worry about. The price of a crypto may move at one exchange before another, although they tend to converge (if it goes up from $3 to $100 on one exchange, it's unlikely to drop to $1 on another -- the traders are out there watching and so it tends to move in the same direction and at roughly the same speed everywhere).