Yes, a profit is a profit -- but sometimes profiting is a case of musical chairs. You don't want to be the one holding a bunch of the wrong thing when the music stops.
In the case of Ripple, the implications of it being a "bankster coin" are this:
Your balance CAN be frozen or confiscated; and
At some point, the banks (especially US banks) will start forcefully implementing the various "Know Your Customer" laws and doing that freezing/confiscation bit on anyone who won't or can't meet their verification demands.
So by all means, get while the getting's good -- and @haejin's analytics seem to be good scoop for predicting short-term market trends. But keep an eye on the regulatory side and plan to move out of XRP and into something less centralized/regulatable in time to not lose your a$$.
I'm with ya mate, that's why I said about being nimble. Picking a top is incredibly difficult thing to do so I have an exit strategy for XRP.
I'm not comcerned about losing the investment in Ripple as it was a wild speculation when I bought in at roughly 5c, however I don't like to lose so will endeavour to be on top of the situation and recycle the profit into the alts I hodl.
Hello gentlemen!
You both seem knowledgeable on this subject so I thought I should repeat the question I asked above,
I bought some XRP and was thinking to sell but there is a problem, I am on Binance and since a couple of days now, it's showing a different price:
Can someone guide me on why does exchanges and coin market cap show different prices for XRP?
This is Binance showing $2.62
This is coin checkup and coin market cap showing $3.08:
Sometimes, the difference increases to almost a dollar.. And this is sort of very fishy to me atleast..
Oh, so there is nothing worry, right?
I am going to cash out as soon as it hits $3.5 again on Binance.. it was booming on Friday and I should have sold it at $3.70, will learn from this now and not get greedy next time.. XD