I'm thinking of acquiring some ripple but i need to know if it's a short term investment or long term.
Coz i have been following the market trend and I've not seen a steady increase for the past few weeks.
So, is it for long term or short term?
Coz to me it seems the coin has some potential.
Ripple is better suited for a short term investment, I think. I say that because its value is low, but it's growth percentage is quite high. If you view coin value database in several sites, you would see that Ripple usually is in the top five of the coins that show good movement. With that said, if you have a fair amount of capital, you can get a good amount of coin because the value is low. But since its movements always show good return in a short while, then you can dispose off it quickly and easily for a fair margin of profit.