• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Do you think, its wise to trade with XRP and make profit at the short time??

Sincerem

Valued Contributor
Valued Contributor
50,000 Post Club
USD
$0.0000USD
Biznotes
0
With the high volatility around XRP, that will make a trader to lose his or her funds quickly and at same time gain quickly in the short time investment. The coin went down from $0.47 to $0.37 in the last 12, causing panic amongst traders.

Do you think it will be wise for me to take advantage to trade this coin with a view of expecting it go higher again??
 
Last edited:

Taimoor Jutt

Seasoned Veteran
1000 Posts Club
USD
$0.0000USD
Biznotes
1
It can be wise , but i think it could be best if we trade or invested in Ripple 2 days before. Because yesterday it's price was about 56% higher in just 1 day, so it means we would have gotten more than double profit, is not? But we do not have any notification before the price ups and downs. Like some days ago DogeCoin proce increased by 400%.
 

Jimmie150

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Yes from my own perspective it is a good thing to do at the moment considering the way ripple is growing. Just invest in it watch it and withdraw from it immediately and invest in another one for long time sake.
 

Kayzzy3

Seasoned Veteran
1000 Posts Club
USD
$0.0000USD
Biznotes
0
With the high volatility around XRP, that will make a trader to lose his or her funds quickly and at same time gain quickly in the short time investment. The coin went down from $0.47 to $0.37 in the last 12, causing panic amongst traders.

Do you think it will be wise for me to take advantage to trade this coin with a view of expecting it go higher again??
For the upteenth time I think it is a wise decision, from all indications, XRP is not loosing steam, it's price surge looks towards the $1 mark, investing at $0.47 will acrue over 50% - this is a wise business decision.

However, trading involves risk, we should not loose sight of that, XRP price may still go south, so decided appropriately.
 

Yewande

Mrs
1000 Posts Club
USD
$0.0000USD
Biznotes
0
The volatility of this coin makes room for massive profit and of course massive loss. Well before you invest, I would advise you invest money that won't make you think of committing suicide if it goes wrong
 

Sheyemanu

Seasoned Veteran
1000 Posts Club
USD
$0.0000USD
Biznotes
0
As trading is a very risky venture I'd advise you do enough findings before investing in it whether short term or long term, and ripple made a great move just few days ago so I hope you're not just thinking of buying it based on that because it is a cryptocurrency and it could also drop at anytime so be well informed before making your decision
 

springtech

Resident Member
500 Posts Club
USD
$0.0000USD
Biznotes
0
With the high volatility around XRP, that will make a trader to lose his or her funds quickly and at same time gain quickly in the short time investment. The coin went down from $0.47 to $0.37 in the last 12, causing panic amongst traders.

Do you think it will be wise for me to take advantage to trade this coin with a view of expecting it go higher again??
I wouldn't say it is wise but i would rather say, the risk is worth taking if and only if, you have done your technical analysis and you are sure of what you are doing and not a matter of guess work.

Not talking any risk is also a risk, I would rather take a calculated risk based on informed decisions.
 

Onachukwu

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
I wouldnt say interesting on ripple for a short term is a war decision because since ripple is still no stable in terms of price. Long term investors will gain more with investing on ripple than short term investors
 

LaylaG

Paragon Member
1000 Posts Club
USD
$1.0000USD
Biznotes
0
if you mean about short trading it is actually possible for you to trade cryptocurrency like ripple for a very short time and make a quick profit and that is always likely to happen when the price of cryptocurrency is manipulated by pumping in money but sometimes is even more risky because you can even lose so much in it.
 

Ehizzy1

Madly Diligent
5000+ Posts Club
USD
$0.0000USD
Biznotes
0
if you mean about short trading it is actually possible for you to trade cryptocurrency like ripple for a very short time and make a quick profit and that is always likely to happen when the price of cryptocurrency is manipulated by pumping in money but sometimes is even more risky because you can even lose so much in it.
Yeah true short term is still the best ,because once you were expecting the price to get to $1 and it falls to $0.30 you might be confused on when to withdraw or to sell , so its best to trade just for short term just pick an actual point to buy and sell crypto currency then you are done
[automerge]1612533285[/automerge]
if you mean about short trading it is actually possible for you to trade cryptocurrency like ripple for a very short time and make a quick profit and that is always likely to happen when the price of cryptocurrency is manipulated by pumping in money but sometimes is even more risky because you can even lose so much in it.
Yeah true short term is still the best ,because once you were expecting the price to get to $1 and it falls to $0.30 you might be confused on when to withdraw or to sell , so its best to trade just for short term just pick an actual point to buy and sell crypto currency then you are done
 

Kamon c4

Madly Diligent
5000+ Posts Club
USD
$0.0000USD
Biznotes
0
Currently ripple(XRP) is very unstable and volatile. One minute it’s up the following minute it’s slide down. If you can analyze it’s trend line effectively you should be able to make profit in a very short term.
 

Olubayo12

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
With the high volatility around XRP, that will make a trader to lose his or her funds quickly and at same time gain quickly in the short time investment. The coin went down from $0.47 to $0.37 in the last 12, causing panic amongst traders.

Do you think it will be wise for me to take advantage to trade this coin with a view of expecting it go higher again??
Short time trading and making profits can only happen with XRP can only happen by luck or by chance... This is because the rate at which XRP increases sometimes is very slow and you will have to be patient before you can trade it and make much profit.
 

Sincerem

Valued Contributor
Valued Contributor
50,000 Post Club
USD
$0.0000USD
Biznotes
0
Short time trading and making profits can only happen with XRP can only happen by luck or by chance... This is because the rate at which XRP increases sometimes is very slow and you will have to be patient before you can trade it and make much profit.
Ripple (XRP) isn't a slow rising coin in the last 2 weeks, it rose to prominent last week. When it finally usurped polkadot (dot) coin into fourth (4) position. I believe the coin can be ideal for trading, when you match it with the right coin pairing. Then follow realtime update about the latest around it, in order to come up with better trading time around the coin.
 

Bookwormlux

Ledgendary Member
5000+ Posts Club
USD
$4.0000USD
Biznotes
0
With the high volatility around XRP, that will make a trader to lose his or her funds quickly and at same time gain quickly in the short time investment. The coin went down from $0.47 to $0.37 in the last 12, causing panic amongst traders.

Do you think it will be wise for me to take advantage to trade this coin with a view of expecting it go higher again??
I know of someone who trades this way, he may invest at night and sell in the morning when the price goes up a bit, then later when it drops, he invests again using the same cycle. It's going to require you to always monitor prices though, so only go into it if you have the time.
 

Sincerem

Valued Contributor
Valued Contributor
50,000 Post Club
USD
$0.0000USD
Biznotes
0
I know of someone who trades this way, he may invest at night and sell in the morning when the price goes up a bit, then later when it drops, he invests again using the same cycle. It's going to require you to always monitor prices though, so only go into it if you have the time.
Yeah, in order for one to gain tangible rewards through Cryptocurrency or forex trading. He or she needs to follow signal, price signal updates about what's happening around the digital currency pairing he or she chosed to trade on.
 

Olubayo12

Paragon Member
1000 Posts Club
USD
$0.0000USD
Biznotes
0
Ripple (XRP) isn't a slow rising coin in the last 2 weeks, it rose to prominent last week. When it finally usurped polkadot (dot) coin into fourth (4) position. I believe the coin can be ideal for trading, when you match it with the right coin pairing. Then follow realtime update about the latest around it, in order to come up with better trading time around the coin.
Thanks for the update about this coin. The fact is that I do not really know much about this coin. I only deal in bitcoin and TNC so my attention is not really drawn to other coins. Anyways, thanks for the enlightenment bro. I'll do well to follow more about the coin henceforth
 

Bookwormlux

Ledgendary Member
5000+ Posts Club
USD
$4.0000USD
Biznotes
0
Yeah, in order for one to gain tangible rewards through Cryptocurrency or forex trading. He or she needs to follow signal, price signal updates about what's happening around the digital currency pairing he or she chosed to trade on.
And that is going to be difficult for someone like you and I who are always online trying to earn money from bizdustry and other sites. We won't be able to monitor prices effectively in a way that would be beneficial.
 

Sincerem

Valued Contributor
Valued Contributor
50,000 Post Club
USD
$0.0000USD
Biznotes
0
And that is going to be difficult for someone like you and I who are always online trying to earn money from bizdustry and other sites. We won't be able to monitor prices effectively in a way that would be beneficial.
Bro you spoke wisely, it will be difficult for people like me and you. Cos we're always on forum sites 24/7 in order to support with our posts and earn something extra through it. Monitoring the prices and welfare of the coins will be so difficult cos forums have chuck off my time.
 

Bookwormlux

Ledgendary Member
5000+ Posts Club
USD
$4.0000USD
Biznotes
0
Bro you spoke wisely, it will be difficult for people like me and you. Cos we're always on forum sites 24/7 in order to support with our posts and earn something extra through it. Monitoring the prices and welfare of the coins will be so difficult cos forums have chuck off my time.
Several times I sold my BTC at a low rate because I was not able to check when the price was up, and trying to wait would be fruitless because it may drop. This is just an example of why I do not want to involve in trading. I like to invest and forget about it till after a long period of time.
 

Tundeoguns1

Resident Member
500 Posts Club
USD
$0.0000USD
Biznotes
0
I believe one has to be informed before making any type of investment of ripple because we know it is a very volatile coin. I wouldnt really say short term is really good enough when investing into ripple unless an individual just want to make a small profit out of it, it is best to do a long term investment and hope it rises, you can invest little into it to keep track of it volatility
 
Back
Top