Post
Topic
Board Speculation (Altcoins)
Re: XRP is DEAD?! Ripple XRP DUMPING?! Buy the dip? Price Prediction!
by
LordShanken
on 07/01/2021, 22:27:43 UTC
As explained in the video, Ethereum was a much more lucrative AND safer play -- as proven by today's price point of over $1,000 per coin Cheesy

Only lucrative to those whales who happens to hold a sizeable sum of eth, that can not be compared to an individual who for instance can only afford to buy 1 eth probably at the cost of $500 and now that the price of eth has pump up to $1000, waw! $500 profit... not bad,
what about those who bought above that price! how lucrative is that, my point is most good project can be consider lucrative depending on the time you get in and the amount you hold.  Smiley
The world of investments is a world in which timing is everything, you can always find a point in time in which it was optimal to buy a coin and then and optimal point to sell it, but it does not really work like that as it is impossible for a person to predict things like that, this is why even if technical analysis is useful you need to also use fundamental analysis and if you used fundamental analysis you would have realized that despite XRP being the third coin in terms of market cap it was a terrible coin to invest in.

why do you think it was a terrible coin to invest in?

yeah please tell us Why

You have to see difference between investment and speculation. XRP was an interesting speculative coin for many traders, as the banksters were pumping the price.
When it comes to investment, this is an extremely risky coin for me for a very simple reason: It is centralized. This means that developers can create any number of new coins at any time. In practical terms, this means that the price can drop to almost zero at any moment.