So I bought Ripple about 5-6 months back. Average buy price was under 8K Satoshi, and now today I have sold all for around 15K Satoshi.
Do you think its a good trade? Do you think I should have waited more?
And do you think it has returned well for the amount of time invested in it?
I think that you did everything correctly, it's a pity that You did not sell 22 k satosh, but you sold in good time, because I think that now it will only fall
We need to take the right decision at the right time to cut off the losses,now many people going to suffer because the price of ripple is falling down and I think it will continue to fall more.In my opinion we don't have to invest on a coin which is rising rapidly because the bubble will burst so the price will crash if it rapidly increases.
Moreover XRP is called as centralized coin by banks so it is not a good choice to invest on a centralized coin,so we need to choose some coins with future usage so we can make more profits too.