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RE: Diversifying Into RIPPLE - Dtube Vlog #10
Make sure to look at the price of Bitcoin when talking about altcoin gain.
Doubling your value in $ buying altcoin doesn't mean much if Bitcoin triple during that time. I know Bitcoin has been going done during those days but you should be looking and preferably talking about the price in Bitcoin when you bought the altcoin.
You were either pretty lucky with Ripple or pretty darn smart or a mix of it.
I have a screen plugged on those 2 websites whenever I'm on my computer so I can see which top 9 altcoin is moving up whenever Bitcoin is going down.
http://www.newbium.com/
https://bitcoinwisdom.com/markets/bitfinex/btcusd
I actually have been looking at the price of bitcoin although I didn't mention it in this video, thanks for the links to the sites :)
Before buying into an altcoin I do my research and discuss it. And it isn't difficult so see that bitcoin is on a harsh downtrend right now.
I got into ripple for several reasons -
-One because it was cheap and I am looking to grow my investment with a altcoin that I feel has exponential potential in the near future.
-Two because of the banks and Amex
-Three because of the recent transaction fees/times of bitcoin I feel that ripple is a great alternative.
So, maybe it was a mix. I woke up to some more nice profits this morning, I guess we shall see what ripple has in store for us.
It's indeed performing incredibly well today again.