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XRPto50dollars

Investment Ideas: How to invest smarter.

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so you're saying... i should buy a watering can and plant pruning kit?

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Idea #1

First, let's get one thing out of the way. In order to become a better investor, you have to initially understand the following 8 rules:

1 Do not invest more than you can afford to lose
2 Do not invest more than you can afford to lose
3 Do not invest more than you can afford to lose
4 Do not invest more than you can afford to lose
5 Do not invest more than you can afford to lose
6 Do not invest more than you can afford to lose
7 Do not invest more than you can afford to lose
8 Do not invest more than you can afford to lose

When it comes to your investment, as long as you adhere to these 8 rules, you will never run into ruin, extreme disappointment, or despair.

Edited by XRPto50dollars

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17 minutes ago, XRPto50dollars said:

First, let's get one thing out of the way. In order to become a better investor, you have to initially understand the following 8 rules:

1 Do not invest more than you can afford to lose
2 Do not invest more than you can afford to lose
3 Do not invest more than you can afford to lose
4 Do not invest more than you can afford to lose
5 Do not invest more than you can afford to lose
6 Do not invest more than you can afford to lose
7 Do not invest more than you can afford to lose
8 Do not invest more than you can afford to lose

When it comes to your investment, as long as you adhere to these 8 rules, you will never run into ruin, extreme disappointment, or despair.

We can afford to lose more if we live within our means, or lower our means to make them more affordable. 

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@Ripple-Stiltskin @RegalChicken I believe you are missing the point here and are purposely reading into the statement.

"Do not invest more than you can afford to lose." It's very simple to understand. Everyone has their own personal financial breaking point whether you live within your means, lower your means, or speak in haiku.

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To XRP, or not XRP.

That is the question.

Trending, ever so higher

Over time, opportunity

Eludes the buyer.

To risk ones own

FIAT, as it is known,

Churning cream to butter

The virtue of patience and struggle.

What may be

Future knows maybe,

Take a whiff

Or lament "What if".

But remember

Said rule of gold,

Lay down a tenth

And not one more.

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Idea #3

Don't mistake 'Selling out of fear' with 'flipping'.

often times, when the price starts to fall, investors will sell in fear thinking their investment is a flop. Secretly though, hoping that the price will fall further so that they can buy back lower.

If you sell in fear, you shouldn't have invested in the first place. You werent emotionally prepared before you clicked that Buy Button. Selling is fine. You have to sell eventually to make a profit. But selling in fear indicates you dont have control over your investment; rather, your emotions control your decision (and that rarely works out).

Flipping is trying to sell so that you can get more XRP at a lower price. it can and does work occasionally. if youre going to attempt a flip, be sure you understand the consequences. You may lose XRP if the price doesnt drop further. And even if it does drop, you need the price to drop far enough to make it worthwhile to flip in the first place.

Selling @ .60 and buying back in @ .595 makes no sense.

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Just now, XRPto50dollars said:

1 million XRP @ .60 = $600,000

1 million XRP @ .595 = $595,000

If you can afford a million XRP... $5,000 (not including fees and taxes) is not worth it.

OK. I thought you were a whale as well.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

:D

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