I said this before, but I think it’s worth repeating. I think XMR is an easy 10x if not more. Perhaps we see a correction soon for crypto (would be bullish).....but really I don’t see how this one doesn’t shoot off in the next cycle.
fixedfloat.comHow do you (personally) get XMR besides mining? I like the idea of XMR for anonymity.
Read The Bitcoin StandardWhere's a crypto noob like myself start, y'all ?
I would also suggest listening to the Aanatop Video above - he is one of the top Cybersecurity and Crypto gurus in the world and the video is crammed with ways to harden your security email, 2FA, SMS, phishing, crypto exchange websites and crypto wallets etc...Read The Bitcoin Standard
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Buy BTC at your local ATM
I am holding and was gradually investing in XRP since autumn 2017 and never really considered getting out of it. Even after last few days I didn´t considered it. It wasn´t playing well for XRP, but still, there´s no logic in market and it´s pure specilation. Like there are thousands of dead projects generating nice revenues. And I was in XRP, because it still seemed too promising to me. We could have seen nice gains in upcoming alt-season (considering alts are about to overcome their ATH following BTC).
I while ago I read summary from SEC legal action and without being lawyer and without being economist, I can say, that Ripple violated law. It´s based on evidence of several witnesses and we can speak about manipulating price, bribing. Of course this is happening literally everywhere, but once it´s written on 70 pages legal action, it might be a problem.
Over last day, price a little bit recovered, but the question is, how much it can recover? People are eyeing technicals, which can eventually support climbing up another dozens of percents, but... fundamentals are too bad. On the other hand, 99% small investors are not going to read those papers.
I always try to don´t act on emotions (that´s why I was hodling for many years), but now I feel like I´m done with XRP. I am not sure what is right time to exit. Right now I could leave without any significant loss. I am thinking about leaving to BTC (currently it´s not very favorable - but it can be much worse) or ETH (I didn´t watch fundamentals over past year, but I feel it as promising project).
There´s one thing I´m afraid off and that´s new year bubble pop. I am really emotional now, because I have reasonable financial goals in crypto, that could be surely reached without SEC legal action (definitely I didn´t count on XRP reaching ATH) and now I don´t know what to do.
EDIT: So I have converted all my XRP to ETH. Now my portfolie is 50/50 BTC and ETH. XRP has reached support and can grow higher, but I think we will see similar percentage rise also with outher altcoins. Hopefully it´s not going to over-perform (which can happen in this illogical market). But SEC arguments are just to strong to risk staying in this. Maybe, if it miracuosly overcome ~0.7$ resistance, I can jump on it.
There were different periods of my approach to XRP and my final was just to cash out (or switch to BTC if favorable) during this bullrun (my conservative goal price was $1, but I was hoping for better of course).It's really tough. Most of the people don't have the faintest idea what you went through because they only have small positions or don't hold any XRP. With the SEC being the SEC they could realistically go after any altcoin now so I have to give you the nod for going with ETH, BTC which have been given clarity.
I'm honestly blindsided by all of this. In a post I made in 2018 I said that lawsuits like the Zakinow one would take ages to eventuate and wouldn't matter. There was a poster saying the SEC was going after the small cases like EOS and KIN first before going after Ripple and he was absolutely correct.
I am agreeing with your analysis on the fundamentals. To the retail investor buying XRP, the company Ripple is what they believe in. The court case is going to bleed out into the market and people will stay away except the most daring speculators. While it won't be delisted Americans will be banned from trading it and that's already happening now. Maybe this will all blow over and maybe the 70 page SEC document gets dismissed as FUD by a lot of people. From what I've been reading both weak and strong hands alike are spooked and liquidating their positions.
The SEC has changed the entire dynamic of the altcoin market. People don't feel safe to punt in alts anymore, especially the pre-mined ones with founders since those can be next to take on the wrath of the government. I predicted an alt season after bitcoin crossed 20k and seeing it touch 25k I was anticipating something big but the SEC thing has been an haymaker to the market. Maybe bitcoin has to go to 30k now.
If anyone has a substantial amount of XRP my advice would be to dump at least half of it for something outside of the SEC's grasp. Right now I can only think of BTC, ETH and XMR.
I don't think Ripple is going to settle, at least for a long time. Brad G publicly stated he rejected a settlement offered by the SEC. In the mean time Ripple and all their execs are free to dump more XRP on the market. This is a doubly whammy in my opinion because you will have people too fearful to invest in XRP and Ripple execs too fearful to hold XRP because if they lose the court case they won't be able to sell their XRP anymore, thus they will dump it beforehand.