Warren Buffetism: "Never invest in a product, invest in a company." "If you cant invest in a company for 10 years don't invest for 10 minutes even."
XRP is clearly different than all the other altcoins. Ripple consists of some incredibly motivated individuals who work tirelessly at making a massive positive change in the world. Not even Bitcoin has that. Every other crypto out there basically exists to gain in value directly. Ripple is working to change the game to a degree that banks will beg to use XRP. Totally different strategy. This is all going to take time, years possibly decades to implement.
Because XRP is designed in a way that when it performs optimally it caters specifically to a highly regulated banking world, the banks aren't going to touch it until they know its "safe." This WILL eventually happen. When it does there will be a significant bump in price immediately maybe a few cents lets say, but it will be over a short amount of time (few hours.) Then you compound that with all these people who are hating now and people who already hold and their FOMO kicks in. It's just going to take that one initial domino to fall. Then another bank is going to feel comfortable "pushing the XRP button on the Ripple software" and the whole process will happen again and again.
The people who are on here that show up insisting they're hodlers and they've come to some epiphany that they've been duped are victims indeed. They're victims of themselves in the sense that their laziness in researching their investment in XRP and/or lack of understanding of what they were buying into wasn't a short play, but rather a long term endeavor. If you did so gambling more than you could afford to part with, that's truly on you. You have to invest like you lost all your money and forget you did it in the first place. If you're coming on here to complain and spread FUD you're foolish. I mean think about how rediculous that is to invest in something and then convince people not to do the same thing, hurting your own position, does that make any logical sense?
Every cryptocurrency out there fears XRP because they know it's the trurh. I'll share a post here I saw on an XRP fb group I saw yesterday:
"I found out something interesting with my friend who works in digital marketing. I asked him if there's a way to find out where the Bitcoin and Ethereum ads I see on my devices are being re-directed from, or what it is I do that triggers the algorithm to believe I want to see ads with Bitcoin and Ethereum articles. We used 6 different search engine softwares to look at the traffic and ad purchases. They ALL had XRP/Ripple/Brad/Garlinghouse/xrpripple/moneygram etc. as keywords in their SEO and CRO (conversion rate optimization). And they ad spots are being purchased and re-directed from other cryptos and crypto related sites. Which basically means all the other cryptos and related websites fear XRP will surpass them, and trying to hijack the XRP investors. Most of XRP's ads are not even using Brad Garlinghouse and moneygram in their ads. Something to think about."
You are very right brother. And I want to add one more tip: Don't rely on traditional stocks & bonds as your strategy to trade on Crypto: it won't work. TA won't work either. This market is still at it's infancy.The only thing that might work is your educated guess. It worked for me: I lost about 50% of my stack daytrading last year. Evertime I had the feeling I could time the market, I was wrong. It's almost like gambling: The first few times you'll win and you think you are that lucky ******** who knows how things work. Remember it's far more difficult to take small gains than to accept big losses. That's how human psychology works: I you lose, you will try everything to get your money back, and that's the moment your investing skills will be conflicting with your emotions.
I've learned my lessons:
*1: shouldn't have invested in crypto during Bullmarket
*2: shouldn't have been dragged away on FOMO
*3: shouldn't have tried to understand trading this market because of it's infancy
*4: I should have stepped into crypto in 2014.But at that time it was to shady for me to get in (whish i did)
*5: put a limit to your investments, only invest the part you are willing to lose
*6: Hodl and ride the crypto waves. Great chance you will win over time, and less stress.
*7: post silly pic's and gifs on The Zerpening to keep up the spirit
*8: If you can't handle the crypto stress, sell, get back your sanity and grow Avocado's or Pot.