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I have 500 USD, I want to invest in ripple. But I dont have fre time to do daily trading. I want to invest in short term and get profit. You can explain, Howlong we should invest in ripple??
Quote from: Hisbullah on August 27, 2020, 02:37:30 PMI have 500 USD, I want to invest in ripple. But I dont have fre time to do daily trading. I want to invest in short term and get profit. You can explain, Howlong we should invest in ripple??Yes it a good decision to invest in ripple but I think how time you hold your ripple coin it depend on the market condition. Now the market of ripple is good so in my own prediction I think if you buy ripple and hold it for 3 or 4 month it will be profitable for you.
It is difficult to predict, price movements always change all the time, If you do not have trading knowledge then the risk of losing your assets will occur.
But I prefer use ripple for daily trading, I think daily trading is more profitable and reduce the risk.
Quote from: banser on August 29, 2020, 12:30:22 PMBut I prefer use ripple for daily trading, I think daily trading is more profitable and reduce the risk.Indeed it is advantageous to do day trading with ripple, its fast price movements and large trading volume.
I personally think buy now we wait for three or four months again, we will get profit.
if you think Ripple will not increase, you can invest in ETH, YFI, ATOM, LEND, XEM, and Bitcoin. You can buy Ripple and just hold if you do not have free time.
Actually in my seance i suggest you that short term investment is not the perfect decision in xrp. You need select long term investment. As short term investment you should invest for minimum 3-4 months.