You are viewing a single comment's thread from:
RE: I just sold all of my ripple (here's why)
I'm actually looking into Ripple as an investment for the long term, although long term in cryptocurrency is little more than a year when looking at 2017. I think Ripple is gaining a reputation as a viable alternative to bitcoin, bitcash, ethereum, and other cryptocurrencies above $100. However like any investment there should be value in whatever you buy. Time will tell.
I heartily agree! I think ripple is establishing itself very well, and looking good as a long term prospect! I only sold my position out of concern for the opportunity cost.
For me the cost of Ripple right now is an opportunity. Unfortunately the big boys just cost too much and I think I have a better opportunity to get greater gains with Ripple. Time will tell. All the best for 2018.
My investing experience draws largely from trading penny stocks. Correct application of opportunity cost is usually a direct reflection of a companies share structure. The smaller the tradeable float a company has, the more likely it is to see a larger price fluctuation. When I take the current price and market cap of ripple into account with its float, the immediate gain potential is smaller than some of the other coins on the market.
I don't see anything wrong with maintaining a long position in ripple though.
Thanks for the advice, I'm following you.