Hi forum members,
This is my first post. I am not an expert on ripple or any crypto currency for that matter, but have been an investor and a part time trader in other assets for a very long time.
At first cryptocurrencies were not a serious investment for me, lately this has changed, you can imagine why. This has incentivize me to make indepth research into my crypto basket...especialy into XRP of which I am holding a substantial amount from Februry 2017, cought the last train to get in cheap by luck. This forum has been a tremendous help and I would like to thank everybody that made contributions.
I am hopefully a long term holder of XRP but the time and fundamental developments will tell if this will actualy happen.
As a trader I keep asking myself ''what can go wrong''? I hope for the best but try to be prepared for the worst. There are alot of excited and very optimistic predictions for XRP on this forum.
I would like to debate realistic scenarios where XRP would take a hit on the market. As I am always judging my investment based on probabilities, i think this would better my judgement and probably for other forum members also.
Please feel free to add in and elaborate:
SHORT TERM (for example 30-50% correction):
- I don't see good liquidity yet and fear that XRP is still prone to large investor influnce by dumping. I feel the game now is mostly holding, but you never know about the aim of each individual with the power to do that.
- if the upcoming announcment disappoints and investors that were factoring in this ''good news'' announcement decide to liquidate.
I am not knowledgable enough yet about the fundamentals but one thing that has been mentioned often is that if the banks don't adopt it.
What do you think can doom the XRP in the long run?