So i hope everyone got their bags filled!
When the RSI head and shoulders (see previous idea) completed i got a bit to excited and bought most of my XRP but with some cash i had left to spent i was able to buy in at 16 eurocent/ 18 dollarcent. As i said earlier we could expect a red leg towards 20 cent well we got extra lucky and some people decided to sell at 18 cent well i hope you guys got into the same nice 18 cent /25 cent area position as me.
Here are my plans for the first halve of the year 2020 for XRP. Lets not get to ahead of ourselves and call for 50 euro's. This is possible but not in the short term (next 4 years) i think it requires crypto to be adopted by the common folks and since most people got rekt by investing in alts in 2017/2019 they will always be scared too invest untill there is a fundamental logical idea that that will be used by big company's/governments. A big adoption of the ripple global payments system by various banks for example can trigger another crypto run for ripple. But right now only speculative people are investing and it will keep the market cap low (because not many new people are entering the market its only the same money flowing in and out) untill we will see crypto being used and applied in more peoples lives. In its current state blockchain is a bunch of great idea's but in practice, the only reason people buy it is to make money fast. Well if you wanna make money fast i would advice to take a job and work for it. If you wanna make money you better be in here for the long run because blockchain has yet too prove itself in the world. I think in a year or 10 ripple might go ahead and reach for high prices but until then we might be stuck under the 1 dollar mark because in practice it has no use.
Now this is just my realistic/pessimistic view on the current state of xrp and rest of the altcoin market. Deep inside i wanna make some money with it too, i want my investments in the blockchain system too pay of! So lets hope crypto will be regulated by governments and company's and go in the opposite direction its going now, crypto as a store of value for criminals or rich people to avoid governments which might cause country's too turn against it and cause complete capitalisation.
These are just a bunch of idea's so criticise/discuss them as you like!
When the RSI head and shoulders (see previous idea) completed i got a bit to excited and bought most of my XRP but with some cash i had left to spent i was able to buy in at 16 eurocent/ 18 dollarcent. As i said earlier we could expect a red leg towards 20 cent well we got extra lucky and some people decided to sell at 18 cent well i hope you guys got into the same nice 18 cent /25 cent area position as me.
Here are my plans for the first halve of the year 2020 for XRP. Lets not get to ahead of ourselves and call for 50 euro's. This is possible but not in the short term (next 4 years) i think it requires crypto to be adopted by the common folks and since most people got rekt by investing in alts in 2017/2019 they will always be scared too invest untill there is a fundamental logical idea that that will be used by big company's/governments. A big adoption of the ripple global payments system by various banks for example can trigger another crypto run for ripple. But right now only speculative people are investing and it will keep the market cap low (because not many new people are entering the market its only the same money flowing in and out) untill we will see crypto being used and applied in more peoples lives. In its current state blockchain is a bunch of great idea's but in practice, the only reason people buy it is to make money fast. Well if you wanna make money fast i would advice to take a job and work for it. If you wanna make money you better be in here for the long run because blockchain has yet too prove itself in the world. I think in a year or 10 ripple might go ahead and reach for high prices but until then we might be stuck under the 1 dollar mark because in practice it has no use.
Now this is just my realistic/pessimistic view on the current state of xrp and rest of the altcoin market. Deep inside i wanna make some money with it too, i want my investments in the blockchain system too pay of! So lets hope crypto will be regulated by governments and company's and go in the opposite direction its going now, crypto as a store of value for criminals or rich people to avoid governments which might cause country's too turn against it and cause complete capitalisation.
These are just a bunch of idea's so criticise/discuss them as you like!