After a near 50% pullback, I guess it was due for a retracement. It is up 15% so far tonight, a very nice pop. Long term, I am especially bullish on Ripple, Ethereum, and Litecoin. Other cryptos should also do very well but I like these 3 the best on a shorter term horizon.
https://www.worldcoinindex.com/coin/ripple
Update for reference, when I posted this, Ripple was trading in the low .20's, one day later over .32. Quite a nice move!!
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meep
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that would be cool. I want to get rid of what I have left. Ripple has been good to me.
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Short term? You mean to cash out selling for fiat? Because that's what everyone who likes Ripple seems to be going after, profit, I still can't find someone who will give me a single reason they like it other than they expect it to rise in value.
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No, I am thinking more about trading from one crypto to another as they gain, pullback. It can be used as a nice way to trade simply on pullbacks, and still have skin in the game. For now, one good reason, simply due to the retracement after quite a pullback, it was due for a pop. I would also add, it seems to be gaining popularity in Japan, Asia, etc. and this cannot be ignored.
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But still, its just a matter of buying low and selling high when it comes to Ripple. Nobody has any real admiration over the technology, they can only sell the idea from the desire to profit. I have my favorites, but I'd settle for any real cryptocurrency.
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I am trying to play all scenarios, cover all bases. Ripple is just a small part, and for now, I think a great trading opportunity at the least. For cryptos, I like Ethereum best, gold and silver even better but in the fullness of time, I am covering as many what I feel are good bases as is possible, trying not to outsmart myself.
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What are your favorites and why?
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Ripple continues to power higher, I think will break all time highs in the not too distant.
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Update your own charts and that will be exact evidence for your claim.
Just a suggestion, hope u don't mind
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Appreciate the input, this was just a quick FYI post as I was watching the markets last night. It was meant for people to see the move as it was beginning to happen. I hope some got the info and got on board as it is up way higher now. I will continue to look for new opportunities in the better cryptos as they keep taking turns.
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