Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: cryptochris1 on January 14, 2019, 05:31:53 AM
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XRP was my first position I bought, was right before the rumor that X-Rapid was going to be used by banks and that there was the official announcement coming. Not knowing anything I figured this would be a safe bet because banks were going to use it. So I hastily FOMO'd into buying a bunch, thinking for sure it would skyrocket to the moon. Then watched it hit $0.77 from when I bought at $0.26, thought I'd really made a good decision.
Then watched it go back down, eventually hitting $0.29 again lol.
So I learned a couple things, what goes up comes back down for one and also that I should have took profits at an appropriate price and then buy back at the dip. Inspired me into learning about trading and I did learn a lot about Ripple and the awesome potential that XRP does really have. A solid use case in the real world. I've since diversified into a bunch of other coins that I like the project of and don't put all my eggs into one basket anymore. For someone that never invested into anything til I was in my 40's, this has been super exciting to finally start. Got the crypto bug now.
I will say though that I do still think that XRP is a good buy and hold investment, has a solid real world use case and when institutional investors come in and banks start using it full time, volume will skyrocket (my opinion based on what I know, which is ever expanding) and so will the price. Still the biggest part of my portfolio at close to 40% of my holdings
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You were lucky to enter the world of cryptocurrency in 2018 and bought RIpple.
2018 was a very sad year for the market as there was a slide point for dump prices after the all time high in late 2017.
Ripple is also experiencing price stagnation in 2018 and if now you still love Ripple then I make sure you have quite a lot of profit.