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RE: I just sold all of my ripple (here's why)

in #cryptocurrency7 years ago (edited)

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.

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Thanks for the advice, I'm following you.