I am for a good amount of time an "all in" type of investor. Over 95% of my money are in XRP. Btc is too expensive for me and I am more into alts at my playing level. Although I haven't ever invested in EOS there's a lot of advertising around it and I believe that it is a good investment.
Good luck with your "bets" neighbor and see you on the top of the wave!
You are viewing a single comment's thread from:
Why you have invested so much in XRP? When I saw that founders hold more than 50% of tokens, that was red flag for me plus more important is that they are not incentivizing XRP usage for banks money transfer...
It's not for long term. It's in the top three, it's cheap and it gets a lot of advertising.
Valid reasons but I want to believe in my investment and I just can't believe in XRP because of reasons that I have wrote before.
I get your point.
What are you based on when you say that a crypto is cheap or expensive?
I don't understand why BTC is too expensive. If you do invest x amount in RXP, you could also have invested X amount in BTC. Your investment stays the same, the only downside is that you don't have so many coins of BTC compared to XRP, but the investment stays the same.
I can understand that it feels strange to invest X amount and only get 0.0XXXX BTC compared to 2000 RXP for instance.
Cheers,
Peter
It's about how much is BTC down from its previous ATHs and how much is XRP. This what I am betting on with the cheap XRP. If I invest for example 1000 dollars in BTC I get 0.14 BTC and supposedly I sell that amount at the price of $20,000 per coin I will have a profit of $1,800. If I invest $1,000 in XRP I get 2859 coins and if I sell them at $3.25 I will have a profit of $8291 considering that I will sell the coins at the past ATHs and not any other prices. That's what I had in mind: the potential profit. For a small investor like me alts seem more profitable.
No I understand, I did interprete expensive in another way!
Thanks for the explanation!
Makes sense now and time will tell if it was a good gamble or not!
It a good idea but also highly unlikely. Ripple has a huge supply but little price. It be much harder to 2x.