Topic: Opinions on XRP for long term investment (BEGINNER) - page 4. (Read 628 times)

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.

If you ask as a newbie, is the XRP coin good and suitable for long-term hold. I will answer very well, XRP one of the potential
altcoins because it is on the top of 3 coinmarketcap. And also XRP has a large enough volume and is supported by many banks
in the world, this is a plus factor for XRP. Not to mention the cheap and fast transaction fees many users use XRP as a medium
for transferring funds between exchanges. So in conclusion, please do so if you want to invest in XRP.

Stick to the long term "proven" coins like BTC, LTC, ETH, XMR. Realistically, at this point, you'd probably be better off trading even if you're only doing it over a few months.

Compared to DigiByte, XRP is relatively safe. It never moves out of top 5 cryptocurrencies and widely used by people, looking at its current price I doubt it will go lower again unless we are seeing a massive dump on Bitcoin and at the same time a massive ban from many countries.

make sure to do deeper research about everything you want to invest from regulation, development on media by starting with CoinTelegraph
https://cointelegraph.com/tags/ripple

making a decision based on what other people say is a bad move, always learn it by yourself and figure out what you are looking for.

I admire you for considering investing at a very young age. Very few people at your age look into this venture but to tell you honestly, you should still look for some coin that you could invest that max of yours because I don't see XRP is on the good term of investing now. And the coin that I'm telling you to invest with is bitcoin. If you still don't know how to buy a coin, you should take a look at Binance and it's very user-friendly and you just have to follow step by step procedure on how to pay/deposit through their accepted method.

It is a complicated matter, especially with XRP. Many believe that it is centralized and that its value is controlled. Recently, its price suddenly started to grow, which is when its parent company quite coincidentally released a huge number of coins into circulation, supposedly for an interested investor, although many assume that it was to keep the price where it was at the time.

Another thing to keep in mind is that the fact that the coin is among top 10 does not mean that it will always be there, although in the case of BTC, ETH, and XRP, it IS a pretty safe bet that they will stay up for much longer than any other crypto.

It is good that you know to invest only an amount that you are comfortable with losing completely. However, if you check out XRP's performance overtime, you might decide that it is not the best choice. Whenever a price surge comes, XPR is late to the party, it only grows a little, and when it falls, it falls to its bottom price pretty quickly. I know that you said that you aren't after a quick buck, so if the money is not that important and you are simply interested in XRP, then go for it, by all means. However, if you do wish to see returns, XRP is a bit too controversial and kind of uncertain for my taste. It could be a good long-term investment, although I leave that to you.

As for when to buy, if you plan to hold for a long period (HODL) and not trade as soon as the price changes, you can pretty much invest whenever, it doesn't make a huge difference. If, on the other hand, you want to make some profit, you buy when it is cheap, and sell when the price grows, which you have probably figured out by yourself. Alternatively, there is margin trading, but i wouldn't recommend it since you yourself said that you are still new.

In the end, the best I can recommend is to read up on XRP some more, there are plenty of articles, price forecasts that show you its past performance as well, and alike. Then make your decision.

In any exchange, the OP can make purchases of the most important and safe bitcoin exchanges, if your money is still in Canadian money it is difficult to trade,

The choice of XRP is very good no. 3 at Coinamarketcap so there is no clarity to hold it, buying now is also not a problem because the current price is low.

Every people have their own opinion regarding investing on cryptocurency if you ask me if ripple (xrp) is a good investment for long term and I will say YES it has a good potential to give you a good return in future but every project have their own weakneses or negativity if your purpose is to make a good return in the future its better to make a hard research and dont based on what people say to you.

As Far as exchanges go I like Bittrex, Binance, and Kucoin. When it comes to purchasing Bitcoin I like to use Coinbase, or Coinmamma!

First thing you do is Buy Bitcoin then you can trade it for pretty much any of decent Altcoins on any of the exchanges. Pm if you need some links!

I see. There are centralized exchanges out there that are newbie friendly like Binance. There are plenty of tutorial on how to use it but be sure to use the legit website.
Take your time learning and not fall into FOMO (Fear of missing out). I have nothing against XRP or other major altcoins but there is no coin worth holding for long term more than BTC.  

My top favorite coins right now as far as "Cheap Coins" would be XRP, TRX, an Link. I think with any of those coins you should be able to double or tripple your money in the next few months.  I also am interested in Energi coin. It seems to be catching alot of peoples attention as well.  But If I was to invest $150 in one coin I would invest it all in TRX.   Tether is switching over to it. I see it one day replacing Ethereum! Its faster cheaper an better!

Find a reputable exchange like Binance or register on https://shapeshift.io/ for the quick buying on XRP but you should have a safe wallet when you are storing your XRP. I still don't trust this coin since they are centralized ones. Who knows there's someone now manipulating the price. Well, I saw there is a potential on this coin but not in the long term.

no, I just started 5 days ago... I don't even know how to do that, like I said I have a lot to learn.

Individual traders/investors have different approach when it comes to buying a coin. XRP has been around for quite a while now and if you check their social media activities/news, you can see that they have been very active. You'll have to read more about XRP for you to determine whether it's a long term investment for you.

You haven't opened an account on an exchange yet?

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.