Opinions on XRP for long term investment (BEGINNER) - page 3.

tsaroz

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Quote from: jesse florian on October 25, 2019, 03:55:14 AM

I am going to invest $150 (Canadian) into some coins. My first post mentioned DigiByte, but now I'm curious about XRP upon research and considering that it's within the top 10 coins I think makes it safe. Considering that I'm a COMPLETE noob and venturing this at 18, I started with $100 but felt an extra $50 would not hurt but that's the max I'm going. I'm very well aware of the risks and know I could lose my money which is why $150 is my max because losing won't hurt me. I'm not investing to make a quick buck, I'm just extremely curious in this market.

I've been following XRP for the last week and the price value has gone up by 3.05%, I'm curious whether people wait or buy straight away while the price has gone up (considering its the 3rd ranked coin). Also wondering if this is a coin for long term investment. I still have a lot to learn before considering investment, but I do not want to wait too long in case the value goes up. I don't even know how to buy a coin... apart from that, I'm curious if anybody has more information that will be useful for my final decisions.

If you intend to buy XRP, it would be good to let it fall and buy when down. XRP is a good coin for day trading as it has lower fees and faster transactions as compared to other popular coins. Though it once rose above $1.25, it's highly unlikely for it to achieve that anytime soon. Buying below 25 cents and selling above 30 would be a good strategy at the moment.

Bim abk

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Quote from: jesse florian on October 25, 2019, 10:07:05 PM

Quote from: barnes13 on October 25, 2019, 10:00:52 PM

You don't need to worry about price growth that happens with XRP and don't have to look at prices every 5 minutes. You just need to calm down and let your money work by itself. XRP has very good potential in the future, both in terms of development and technically he has. All you have to do is not just observe the price on the market, but follow the news that they spread regularly because it can be important news that greatly affects your assets. You don't need to worry if one day your assets have decreased 3% within 1 week, it is a natural thing, the market has its own way of manipulating our minds. So you need to be patient, because it can go up as much as 14% in the next week according to the good news they have.

I see, I just made a binance account but don't see anywhere on where to add my card. I will probably buy a bit of digibyte and XRP and wait till the morning. bitcoin has gone up quite a bit as well

xrp is good enough to invest because the trust they have now is big enough, plus I see an opportunity if you invest in the near future because it looks like the pump trend has started, I hope this is a pump trend and not back to the down trend

jesse florian

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Quote from: barnes13 on October 25, 2019, 10:00:52 PM

You don't need to worry about price growth that happens with XRP and don't have to look at prices every 5 minutes. You just need to calm down and let your money work by itself. XRP has very good potential in the future, both in terms of development and technically he has. All you have to do is not just observe the price on the market, but follow the news that they spread regularly because it can be important news that greatly affects your assets. You don't need to worry if one day your assets have decreased 3% within 1 week, it is a natural thing, the market has its own way of manipulating our minds. So you need to be patient, because it can go up as much as 14% in the next week according to the good news they have.

I see, I just made a binance account but don't see anywhere on where to add my card. I will probably buy a bit of digibyte and XRP and wait till the morning. bitcoin has gone up quite a bit as well

barnes13

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You don't need to worry about price growth that happens with XRP and don't have to look at prices every 5 minutes. You just need to calm down and let your money work by itself. XRP has very good potential in the future, both in terms of development and technically he has. All you have to do is not just observe the price on the market, but follow the news that they spread regularly because it can be important news that greatly affects your assets. You don't need to worry if one day your assets have decreased 3% within 1 week, it is a natural thing, the market has its own way of manipulating our minds. So you need to be patient, because it can go up as much as 14% in the next week according to the good news they have.

Aabcde

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I'm not an advisor or some kind like that. But, I think your choice for XRP is good. Apart from the fact that XRP is among the top 5 Coinmarketcap, it also has the potential to become even bigger in the long run. If you want to feel the benefits, I think you should take the long-term method. Because you have stated that you will not hurt when your money is lost. Most importantly you have done a series of research, belief in your choices.

meliodas

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I'm not a fan of XRP so I would suggest to you to look for other cryptocurrencies in the market. There is a lot of cryptocurrency in the market that is even better than XRP. Bitcoin is one of the best cryptocurrency to invest in, it pumps from below 8k to above 9k usd in just a few days so I think that is what you should consider in terms of investing so you can grow your capital faster.

jesse florian

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ive been watching these coins and they have all gone up in price by quite a bit, I don't know if I invest now or wait

also curious as to which safe wallet as well... im hesitant if I should right now or in the morning... haha the stress of this

kawetsriyanto

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DGB and XRP have their own interests. XRP is more trusted and it is safer as it is the top 3 coin in the CMC. It has big volume every 24 hours and of course, if you are going to be a trader, this coin is really amazing for daily trading. But, it commonly doesn't have a high increase as the other coins do.
If you are willing to make bigger profits for investment, I think that Digibyte is better.

jesse florian

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thank you all for the advice, I might start investing tomorrow but first I need to make an account. the price has gone up quite a bit in all the coins im looking at (along with bitcoin) so im going to see how it is tomorrow and should I invest. this is all so interesting!!! im still trying to find a way on what coins to buy, along with how many of each coin.

vintages

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Your choice for investing in XRP is really a good thing.
I won't say that's its a good coin simply because it has been listed among the top but because it has been striving for years now. Coins like that can stay long term.
Saw from the above discussion that you don't have an exchange yet, many suggested Binance. It is a good exchange.
But please do not leave your coin in the exchange (infact in any exchange). Find a way to secure it offline.

DabsPoorVersion

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Quote from: electronicash on October 25, 2019, 10:00:10 AM

being 18 i think still be a good age to start thinking of making money out of crypto, you are lucky to have started today than doing it while you are 25. XRP is good. its the only coin i find very creepy that it stick itself on top while i know nothing about lol but sure almost all exchanges are adding it. you are in the right time as well since crypto has finally been stabilizing since the ling winter season. since you are in the long term investment, you might find it better to buy the cheap ones. cheaper than XRP but are also on top of the rank.

It is a good decision to start trading at an early age. He can learn a lot since an 18-year-old has broad thinking which is easy for them to understand when they have their interest in it. XRP is a good altcoin even if it is a centralized coin, if he can follow the flow of the market, he can make good earnings.

electronicash

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being 18 i think still be a good age to start thinking of making money out of crypto, you are lucky to have started today than doing it while you are 25. XRP is good. its the only coin i find very creepy that it stick itself on top while i know nothing about lol but sure almost all exchanges are adding it. you are in the right time as well since crypto has finally been stabilizing since the ling winter season. since you are in the long term investment, you might find it better to buy the cheap ones. cheaper than XRP but are also on top of the rank.

DarkDays

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Personally, I would stay well clear of XRP while it remains under scrutiny as a potential unregistered security.

Sure it has generated ridiculous returns in the past, and does have incredible potential as an interbank clearing currency. However, none of this potential will be realized until concerns that it might be a security are cleared up.

No major bank or institution is going to want to work with what could be an unlicensed security.

Think about it, these types of people wont even trade unregulated markets, hence why they're waiting for a Bitcoin ETF!

STAY AWAY, or risk losing all your cash. But expect a huge price jump if XRP is cleared of being a security.

angrybirdy

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Quote from: christian07 on October 25, 2019, 07:51:22 AM

Base in xrp's potential then for me this is good for an investment like the developer or team behind this can handle this even the crypto's market drops a lot like they still have many ways to develop this so that's why this grow then more another thing this is like fiat currency like xrp is related to bank business so this turn trusted and popular by this or like now

XRP is indeed a good investment.
Even after facing a serious controversy recently they still able to hold their position as top and popular altcoin in the market. Though, there are some investors that pulled-out their investment, we can still see a lot of investors stay at XRP.

pamsugas

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XRP is a coin that is loved by many banks in developing countries such as JP Morgan, the purpose of XRP is sending money between countries and there are many people using XRP. I think XRP is one of the best investments.
In terms of technical analysis I see the predictions of crypto coin expert XRP he said will make a new ATH you can see here

arwin100

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Quote from: jpnl0006 on October 25, 2019, 08:11:40 AM

I personally believe the future holds even greater things for XRP. they seem to have a clear vision of what their coin is and how to further increase its adoption within the financial space wherein they exist. Getting banks and other financial institutions to utilise their project is also a point of attraction for investors and therefore proves to be a better investment plan.take advantage of it

The foundation for XRP can tell that it is a good investment for future stake since first it was back by bank which gave's it a huge impact on it's natural ecosystem. But seriously guys even if we look on it as strong we should keep in our mind to put a safety net especially with our mind investment and we should learn how or when to stop and accumulate the gains since by holding for decades will possibly cause a huge loss.

jpnl0006

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I personally believe the future holds even greater things for XRP. they seem to have a clear vision of what their coin is and how to further increase its adoption within the financial space wherein they exist. Getting banks and other financial institutions to utilise their project is also a point of attraction for investors and therefore proves to be a better investment plan.take advantage of it

asriloni

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Quote from: jesse florian on October 25, 2019, 03:55:14 AM

I am going to invest $150 (Canadian) into some coins. My first post mentioned DigiByte, but now I'm curious about XRP upon research and considering that it's within the top 10 coins I think makes it safe. Considering that I'm a COMPLETE noob and venturing this at 18, I started with $100 but felt an extra $50 would not hurt but that's the max I'm going. I'm very well aware of the risks and know I could lose my money which is why $150 is my max because losing won't hurt me. I'm not investing to make a quick buck, I'm just extremely curious in this market.

I've been following XRP for the last week and the price value has gone up by 3.05%, I'm curious whether people wait or buy straight away while the price has gone up (considering its the 3rd ranked coin). Also wondering if this is a coin for long term investment. I still have a lot to learn before considering investment, but I do not want to wait too long in case the value goes up. I don't even know how to buy a coin... apart from that, I'm curious if anybody has more information that will be useful for my final decisions.

People are still waiting for the buy zone and you should know about you must not trust anyone else and just do your research about that. Ripple can be considered as a long term investment think on its big liquidity has been giving more guarantee to the buyers. You can visit binance and start your own journey if you are looking for the deposit amount through use bitcoin and you can exchange your money to the some trusted service.

Shorting is a significant risk decision. Remember about the growth of altcoin depends on the bitcoin and you should analyze the bitcoin market before you wanna try to join in this market. In this case, you can start to learn about trading and try to take some indicators just like RSI as your consideration to determine where is the correct place to consider that as a buy zone.

This is an essential thing when you are wanna investing in the cryptocurrency.

christian07

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Base in xrp's potential then for me this is good for an investment like the developer or team behind this can handle this even the crypto's market drops a lot like they still have many ways to develop this so that's why this grow then more another thing this is like fiat currency like xrp is related to bank business so this turn trusted and popular by this or like now

Kotone

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Quote from: quierx16 on October 25, 2019, 05:43:53 AM

XRP is a good choice I think it still has a good possibility that XRP will comeback when bitcoins price goes up because XRP is a good altcoin and it has a lot of support from other investors.

The only thing I didn't like about xrp is their investors manipulative actions. I noticed how xrp used to get pumped by some whales, I see it on some exchange volume and clearly an obvious manipulations. I dont totally hate it, but for pumping purposes, I can ride this coins for just some profits. But there are lots of other coins to choose from. You can search all which is good, use CMC tools to check out good tokens, even you're budget is small shouldn't waste it on some coins there.

Topic: Opinions on XRP for long term investment (BEGINNER) - page 3. (Read 628 times)