I don't like Ripple at all.
Yesterday I shorted at Bitmex at 2x and today I closed my position for a hefty profit at 28c.
BUT now I start thinking... where should be the bottom? 10c? 1c? ZERO? Can we profit if it tanks enough? What are the chances of short recovery?
What is your speculation - where will be the bottom?
Seeing this post from a Legendary make me feel sad ,because we the new one here must make this kind of thread as our understanding is still few comparing to yours .Yesterday I shorted at Bitmex at 2x and today I closed my position for a hefty profit at 28c.
BUT now I start thinking... where should be the bottom? 10c? 1c? ZERO? Can we profit if it tanks enough? What are the chances of short recovery?
What is your speculation - where will be the bottom?
Short recovery may not be possible for now because this is a serious Case Filed by US government so Investors may Paused for a while and will take time to Look for further chances.
But if we can take risk for longer holding then this is the time, we already witnessed some coin that once dumped but come to recovery in future, Ripple is one of the most popular and used currency not only for our forum here but around the world.
Even if this will come and result to the dropping down to 1 cents? but because of the demand specially gambling online and those companies that use XRP's lower transaction fee?
Surely in time XRP will regain momentum ,so I would rather buy and Hold this for long term than using for short term.
