Post
Topic
Board Speculation (Altcoins)
Re: XRP - Buy in or Bail out?
by
Clement Kaliyar
on 22/01/2021, 20:52:19 UTC
Speaking as a small owner here and I don't even mind saying I would never buy more now. It's still thankfully close to where I entered which is a lot more than what I could say last year, but I'm not buying anymore now for sure. Will definitely sell for profit, maybe to cover back what I invested, but this is make no mistake, a pure speculative investment for me. All the current events now actually strengthen that claim.
Once the SEC filed a lawsuit all the gains in the market vanished, you could have sold when the market rallied but i guess you were expecting the price to reach a dollar as there were many speculations in the social media about a rally could reach those levels and in the mean time the developers and founders sold millions of dollars worth of coins.

I did invest in XRP in the past but not anymore, i usually use this to gamble because of the leverage you get with a coin with small valuation and not as a store of value expecting a huge profit.