Coins like the ripple and even the so much talked about dogecoin are coins that I have lost interest in for a while and so will not be bothering thinking on investing in them anymore.
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The best thing to do is to have an entry point and also an exit point . This helps one to be able to overcome the Volatility effect without falling Victim to dip in priceRipple investments is profitable but one has to understand that the currency does not remain in one stand yet another rise or it decrease so one need to make good decides in the market before investing.
Lol what gives you the assurance that xrp will rise well next year!! Unless there won't be bearish season next year, the ability of xrp rising above 3$ is low.Well , panic sell is not an option for good cryptocurrency Investors because they normally analysis market before investing.
Believe me , XRP will rise very well next year.
It is normal for rise and fall in price of cryptocurrency. Ripple won't be an exception ,what am saying is that you have to hodl xrp and know the best time to sell.Lol what gives you the assurance that xrp will rise well next year!! Unless there won't be bearish season next year, the ability of xrp rising above 3$ is low.
See, after reading this thread, I will like you to go check coinmarket cap and check the ATH of xrp, for over three years and you will see why xrp is not good good long term...It is normal for rise and fall in price of cryptocurrency. Ripple won't be an exception ,what am saying is that you have to hodl xrp and know the best time to sell.
Do you know that dogecoin was once underated and it's price was around $0.07 but today you can see the progress it has made . Let us not judge coins easilySee, after reading this thread, I will like you to go check coinmarket cap and check the ATH of xrp, for over three years and you will see why xrp is not good good long term...
Ripple coin has not shown much progress over time.Is Ripple Investing Profitable?
The price of Ripple (XRP) is currently $ 0.448320 and ranks 3 on CoinmarketCap. From the analysis and price prediction, Ripple will not be able to reach $ 1 in less than 12 months,
As an analysis we must be realistic that Ripple (XRP) is not a successful crypto, even many people say crypto failed because it was too centralized, and prioritized security systems.
The XRP system is applied to the banking world and causes XRP to have speculative value. Today many people buy XRP not because of price movements, but people buy XRP because of the potential price in the future.
Ripple, "Bitcoin Killer"
Many think Ripple will be a Bitcoin Killer, by trying to make transactions better and faster than Bitcoin, Increasing security higher than Bitcoin, Ripple is trying to occupy the first rank, once ranked second, even though now it remains in the third rank.
Ripple was created by a private company, so the company can determine the rules of the game for profit.
Currently Max Supply 100,000,000,000 XRP.
How XRP Works
Ripple is used as a global installment network. It allows banks (and other retail users) to make payments between countries and exchange currencies with one another. All transactions on the Ripple protocol ledger must pay with XRP, although this fee is relatively small at around 0.00012 XRP, this fee is not for the miners or Ripple management company, however these fees are eliminated or removed thereby reducing the amount of Ripple available.
XRP Cannot be Mined
Ripple cannot be mined by the general public, Ripple is only created by the Ripple company itself. Ripple is known as a stable crypto, therefore many people use it as an investment tool?
So what do you think, will XRP (Ripple) investment be profitable?