Warning plz read abt ripple
7 years ago in #cryptocurrency by arorapuneet (63)
$92.76
- Past Payouts $92.76, 0.00 TRX
- - Author $91.22, 0.00 TRX
- - Curators $1.54, 0.00 TRX
While I'm not sure there's this conspiracy between the banks to accumulate as much BTC and ETH as possible, I do agree that XRP is a shit coin with no value. I would urge any new comers in the crypto space not to put money into XRP because it's cheap and to do further research into projects with superior potential to impact the world.
I just recently sold all of my ripple. But I don't think the OP from this picture has a very good understanding of how ripple works.
I think its overvalued right now.
thanks for sharing this video @hvlyarmedtrader however watching it I've felt that the guy doesn't know what is talking about. First he says things that everyone knows then he says that the price might go up or down then he says that he doesn't know ripple... I'm just thinking...why did you share that video for ?and why this guy made that video in the first place ? It's obvious to me that he has no idea what is going to happen here, he just got there early made his profit and fecked off.
Its my video actually.
I'm confident with my decision to take my profit where I did and perhaps re-enter if it looks like coinbase brings in massive buying pressure.
I think much of that anticipation of coinbase is already priced in and we will see many people taking profits at that point, especially if ethereum and bitcoin start seeing more bull activity towards the middle of January.
I could be wrong though, hopefully I am for all of those still waiting in ripple for another parabolic run. But I don't see another 90Bil in market cap coming into it in the next month for another parabolic move in the short term. Long term, I'm definitely bullish.
I think one of ripples biggest strengths is one of the reasons I'm not currently invested in it.
That is its huge float. Large, trade-able outstanding supply will dampen volatility as the market cap gets bigger and bigger. Thus, it will take more significant trading volume to move the price up and down than a coin with a much smaller float, like say, bitcoin. This will likely make it an attractive medium of exchange for businesses looking to adopt cryptocurrency as a form of payment, as volatility is good for an investor but bad for a business that has overhead cost to cover.
I have no doubts that ripple will likely be successful in the long run, however, at its current market cap and float I don't see immediate value in holding a position, where I'm trying to maximize my returns.
It's all about the styles of investing you prefer and where you seek to find your profit. For me, in the immediate future, holding ripple offers a less satisfying return than other coins.
It was a good decision indeed, I didn't say anything about your cash out , if anything, dumping that shit centralized banker coin was the best thing to do. Now what you are saying about volatility is true, and most decent business man know that however it didn't come across in your videos that you could bring solid arguments about the present, or future state of this coin.
For me however it's not just about the "style of investing" I have ethic in what I'm putting my energy into and, when it comes to crypto I'll rather miss the ripple boat that been selling my sheep wool for the rise of a banker coin. It's a big world and other coins can do a far better job in a decentralized open source way.
I see where you're coming from. I can appreciate your ethics in your investing. I have to try to keep the videos relatively dumbed down and get into the meat of my reasonings in discussion created after the fact or I seem to lose too many viewers.
My background in trying to create wealth for myself through investing comes mostly from penny stocks...so I'm used to pump and dump scams, getting in and getting out with a profit. I feel that if I can build wealth for myself, I will be in a better position to actually invest real value into things I truly do believe in, rather than always being the little guy with a dream.
Glad I found this article before it got lost in the shuffle. Thank you for posting!! Following you now :) I hope more will read this. Resteeming.
Yeah, this is why Congress wants to get their hands of various cryptocurrencies using their wealth to buy it up. I guess their looking to spite the price to buy some of these coins to deter the little people us from buying them at a higher price, thus they compromise a way for us to acquire wealth (that's if they try to do this of course), so far it's just a rumor that they're looking at cryptos such as the number one coin Bitcoin.
The bigger problem however, are the strict bill laws there trying to implicate upon us when conducting bitcoin transactions on the blockchain, so they're trying to outlaw it as if it was a state that has strict cannabis laws, so now users might become targets who've acquired bitcoins. They're trying to apply this law through the following sanction --> removal of digital currencies from Bill S1241
https://www.ccn.com/us-senate-judiciary-to-hold-panel-hearing-on-aml-laws-today-focusing-on-digital-currencies/
Bitcoin is increasingly being used. And the more crowded the day is used.