So a lot of coins are pumping right now. IOTA 15x increase in USD value since early november. And Ripple? Doing absolutely nothing. Sleeping. Dead.
So noobs are like: "Damn, look at all those shiny coins pumping, and ripple is dead. I have to sell ripple for these other cool coins!!!"
That's how whales play them, and what they basically do, is coin-chasing. Leaving a supposedly dead altcoin, for another one. And then another one.
And the next one.
If you wanna make profit in crypto, you have to be insanely patient. Buy coins that are supposedly dead, and will supposedly fall to zero.
Sell coins that are hyped and are pumping.
It is more difficult than it sounds bceause your emotions tell you that you are missing out on gains. But only the disciplined mind will be rewarded in crypto.
So what does this have to do with ripple?
Well, ripple is sleeping since May this year and is forming a huge bullish pennant. A classic example of an asset that is "sleeping" and preparing for the next move.
Many of the top alts, like ETH, ripple, LTC to some degree, have been sleeping. But they will start. And when they do, you will not believe your eyes.
When they will start is impossible to tell, however, I think sometime in the coming weeks. I expect the btc top in January, February at the latest. Normally
LTC and ripple spike together with BTC. So it is always good to put the gains you made with other coins into sleeping/dead coins.
And here, ripple seems super attractive to me at the moment. Risk/reward ratio is excellent.
However, this is only my opinion, and I do not guarantee that it will play out like this.
So noobs are like: "Damn, look at all those shiny coins pumping, and ripple is dead. I have to sell ripple for these other cool coins!!!"
That's how whales play them, and what they basically do, is coin-chasing. Leaving a supposedly dead altcoin, for another one. And then another one.
And the next one.
If you wanna make profit in crypto, you have to be insanely patient. Buy coins that are supposedly dead, and will supposedly fall to zero.
Sell coins that are hyped and are pumping.
It is more difficult than it sounds bceause your emotions tell you that you are missing out on gains. But only the disciplined mind will be rewarded in crypto.
So what does this have to do with ripple?
Well, ripple is sleeping since May this year and is forming a huge bullish pennant. A classic example of an asset that is "sleeping" and preparing for the next move.
Many of the top alts, like ETH, ripple, LTC to some degree, have been sleeping. But they will start. And when they do, you will not believe your eyes.
When they will start is impossible to tell, however, I think sometime in the coming weeks. I expect the btc top in January, February at the latest. Normally
LTC and ripple spike together with BTC. So it is always good to put the gains you made with other coins into sleeping/dead coins.
And here, ripple seems super attractive to me at the moment. Risk/reward ratio is excellent.
However, this is only my opinion, and I do not guarantee that it will play out like this.