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RE: Do you know the drawbacks of XRP before you buy it?!

in #ripple7 years ago

Nice work that's how you make money. Take profits when an investment goes up 8 fold+ in a ridiculously short time. The pullback here is going to be steep. I think the conviction in XRP holders is far less than SBD holders. Not saying that as a cheerleader for SBD, I just think a lot of people in this are following the climb up. They probably got the tip from their bank affiliated person or investment person that knows everything. So there will pants soiling and a run when this pulls back. Nice post glad to see you are wise in this trading platform and letting the volatility work for you.

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For what it's worth, I was talking to some friends on Friday on the best cryptos to invest in, and Ripple (alongside Iota and Cardano) were the top 3. Does it mean now is the best time to buy? Not necessarily. But Ripple has actual foundation and support behind it.

Speaking of which, while Steem might be a solid investment, everything around SBD marks it as something you don't want to hold as an investment, from lack of external value, to small volume and market-cap, to downward pressure by a supply only looking to sell. It's guaranteed to always be worth $1 worth of Steem, but that does nothing when it costs you over $1.

Interesting thoughts thanks a lot @geekorner