Ripple update: Advice for these daring times.
I know it is never easy to see your holdings in the red (and for some… Very red), but go back to the fundamentals. Has ANYTHING negative happened to XRP over the past few months? No, of course not. Sure, there still be a cloud over XRP regarding the SEC, but this has been around for months, not just something that has happened over the past few days.
We are reaching the same Market Cap of Bitcoin Cash. Does this, in any single way, make sense? Of course not. XRP is riiiight around the corner of being used on a GLOBAL scale, by at least 1 major bank, while Bitcoin Cash is right around the corner of doing uhhh…. Nothing.
There are many theories at to why we are now dropping. It could be the Bear Whale who has returned to offload some XRP, it could be Institutional players who are pushing the price down to enter the market (they would have learned from the Dot Com bubble) or it could be a falling of investor confidence, leading to weak hands selling.
But one thing I highly recommend. Try not to sell. Just as nobody knows the peak, nobody knows the bottom. The bull run of last year happened instantly. Imagine selling tonight, going to bed prepared to buy lower in the morning, to find that XRP leaped 20% overnight. You would be absolutely kicking yourself. Imagine holding Apple, or Google (Alphabet) or Amazon shares at the early stage. Imagine being so far into the red, you sold to ‘get some money back’. Forget about the companies for a few years, only to find out that you would have been rewarded for staying strong in those tough times.
Keep your heads high. Believe it or not, you are still early. Good luck.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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