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Manic

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Posts posted by Manic

  1. 21 minutes ago, Chocobo said:

    How can you feel comfortable investing in a coin with a big lawsuit on its head? The rest of the crypto are in big bear market and feel like way better investments until clarity on the lawsuits results.

    I've been holding XRP since 2017 and this is the worst sentiment it has ever gotten. I do however belief in XRP and that result of lawsuit will be very positive but short term it's very bad and we could do another big dive soon I think.
     

    Well, investment is such a strong word. Most of the people would probably cut their losses by switching to another asset during correction, right? Now imagine every single altcoin being coupled to BTC, they would be falling at the same rate. I do understand that this would be seen as oscillation in the XRP charts, but with great enough volume it would certainly increase the price of XRP making it even more attractive option.

    You are right about the long term investment not being suitable for most, but I think there are individuals who tolerate risk better than others. What do you think about the price staying low for a few months, until there's clarity on the lawsuit? Wouldn't it be amazing to see tens of headlines stating the rapid price increase? Oh well, hopeful thinking.

  2. 52 minutes ago, Julian_Williams said:

    ETH is No 2 and the first choice for many offloading from BTC into Alts

    I would say that at this point in time, it is generally thought that XRP has hit bottom ($0.20 ish). This would mean that at least some of the people feel comfortable allocating funds to XRP during BTC corrections, and I think we are seeing this happening currently. I am not so sure how long this kind of thinking lasts though if the XRP price starts to rise.

    I feel that currently we are truly decoupled or "inversely decoupled" from BTC. Wouldn't it be great to keep this going until the SEC case is settled ? I would imagine funds then flowing from more highly priced assets to underpriced XRP.

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