The up force momentum is extremely strong. If you are doing day trading, there might be the opportunity to short it.
Johnny Arb's kid walks in the kitchen (where Johnny is at the table with his laptop open) and says: "Dad, can I borrow $10?" JA: "$15? Why in the hell do you need $20?!"
@maxinger blocks me because she can't handle the truth in the above statement. How long has @maxinger been daytrading for? 20 years? What a clown. Still needing to daytrade after 20 years. How much would $1000 in BTC in 2014 at 400 be worth today?
Big Short' investor Michael Burry says Tesla's $1.5 billion bet on Bitcoin was a distraction - and Dogecoin's record price signals a massive bubble https://markets.businessinsider.com...sla-bitcoin-dogecoin-bubble-2021-2-1030059706
Ripple has actually outperformed BTC since new year. I think it's one of the best bets out there. I will keep buying and keep trading it. I think it's unlikely BTC does x5 from 50k$. It's very possible for XRP to x5. Poor people can't afford to pay 50k$ for a bitcoin. Everyone can buy Ripple for under a under a $. Actually, americans can't buy it because of the SEC lawsuit. Maybe they settle it and they can buy XRP once it's above 2$
Honestly, XRP is extremely overrated. It's a centralized token, which means that the SEC is always going to be watching it since it's a security. And to make it less of a security the founders control the price. Why do you think a token that has been out for almost as long as Bitcoin has been around can't go above 1$ except when Bitcoin pushes it? If it's been out for as long as Bitcoin don't you think the price would be at least $1000 by now? But it's not, it's low performing asset. There's an inside joke that it's even a stablecoin.... Even if XRP were to rally, I still would not put my money into it just for the fact that I have a problem with everything it stands for. Crypto was made for everyone to have control, not 1 individual or organization. Which do you really believe our government would hand control over to XRP over the fed? Xrp has been 1 thing since day 1, and that is nothing more than a shitcoin....
Everything you said is correct and that's why i am buying it. It has been only going down for 3 years with brutal drops in the past few months+sec lawsuit.. Those who didn't sell until now, never will. It is time for XRP to go up, chart looks sick as fuck(especially given the conditions!!!!). With everything pumping, it's just a matter of time before XRP takes off and outperforms everything. XRP always pumped the hardest But then again, this time might be different.
I also own xrp for the same reasons, and in gain since mid 2017. I didn't close it at the test high of dec '17 and I wouldn't close it unless it pays me absurd returns. In the worse case scenario, 0, it's a small bet gone wrong. I don't treat any crypto as I would treat a trade or an investment. I think digital currencies and blockchains will find their way to finance, like they are testing in China. Some of those will not be decentralized or mineable, and they will be issued by institutions. Xrp protocol works well, it's extremely fast and cheap to transfer, and there is plenty. I think it has chances to be adopted, or bought (ripple), by institutions as it is plug and play, ready to go. One can argue supply is massive, but fiat supply is also gigantic. In Japan they've just started lending xrp for interest. I don't understand the legality of it all, but it seems the regulators are also confused. Anything can happen in crypto and the rewards can be huge in the long term. I wouldn't bet the house on them, but definitely my scooter.