Weekend sell off''s and losingI just read an article written by a journalist who said "Bitcoin went from 5.5k to 19.5k in just 33 days inn 2017, not impossible in 2019."
Talk about speculation. He spoke of an ETF , yet pointed out that Bitcoin ETF's have been rejected 9 times. He noted that there is one under review. I am sure that the recent performance of BTC will have an impact on THAT decision.
He spoke of day trading Bitcoin , which if you have been trying to do , chances are you are very , very disappointed and less wealthy for all the work and anxiety. He failed to point out the lower lows and lower highs all year long. Failed to point out that this correction is another in a series , and was smaller only because it has devalued so much already.
He's a dreamer , and in this case, sadly - not the only one. People keep at it because in many cases they are growing obsessed with making their money back. F.O.M.O. with BTC SHOULD be DEAD by now.
During this recent correction, without knowing the name of every alt-coin out there, Ripple weathered it best, making a full recovery as of this writing , has grown in market capitalization past ethereum again , quite possibly for good. Many tokens are de-coupling from ETH, which has also devalued profoundly over the past year , along with BCH and too many others to mention. There are tokens that lost ALL value , and no longer exist, though this can in part be attributed to everyone wanting their own coin (i.e. Mayweather etc.)
Ripple, the worlds second largest crypto by market capitalization , is growing in value. I am not making it a secret that I am VERY bullish on Ripple , and I am not alone in that. It's an inexpensive token with so much potential and viable use cases that actually EXIST.
A journalist on CNBC Africa said to "dump BTC and BCH and put all of our money into Ripple." I don't advise putting all of your money into anything except possibly a good vault, however I believe that Journalist is on to something. Ripple's growth can be helped if people stop with the weekend sell off patterns that pervade almost every crypto. If people stop selling at a loss because it's Sunday , or because the rest of the herd is.
Any smart investor has learned not to go all in at any price ,, and price drops can be handled with money in reserve , so as to not only average things out , but to purchase at a better rate. Ripple can be scary for the same reason it can cure f.o.m.o.; price drops below your buy in look scary, because they are proportional to it's current, low price. Don't succumb to that fear. Carefully map out your strategy , holding funds in reserve to buy even at a recent low point. Don't sell it unless you need that money NOW , and if you do you have no business in the crypto space.
Let Ripple be the instrument of that amazing rise I paraphrased earlier in regard to BTC . From 5k to 19.5, even if it did happen , is a 4 fold increase at best. Ripple , if treated as an investment, has the potential to blow up like amazon , netflix , airbnb and every other stock you wish you bought 10 years ago. A blatant , obvious cure for the crypto blues is at hand. It is up to the community what to do.
Maybe NOT sell because it's Sunday , or BTC reaches a new, lower high , or for any other reason than needing the money..... and perhaps we will see what I am talking about. Ripple did break North of a very friendly pattern today, briefly , but it is Sunday and sell off time. Maybe stop doing that, and buy in more when the price lowers.
WE are the force that caused BTC to skyrocket. Now, nursing your wounds, an inexpensive and attractive opportunity beckons. Heed the call.
*OPINION*
Fortune favors the brave.
Caveat Emptor.
