Which I confess that I did, but not a big one :) This time though, I am taking a bigger position.
With BTC finally stopping its insane growth, it's time to take positions in alts. Preferably earlier then today, but Ripple still has a very nice buy price.
The big banks are with Ripple, there is no doubt about that! Out of the 100 biggest banks in the world, 11 is customers of Ripple already.
In fact, over 80 banks is connected with Ripple. That number is impressing, right? Well, it grows very rapidly and at one point Ripple could blow up real big. Not a pump big, REAL big. Way over my target, but thats in the future.
I could elaborate more on what makes Ripple a really good bet. However, thats something every investor should go read into themselves. This is the latest article from Ripple, a good read.
More information can be found on ripple.com.
I'm not saying to go all inn on Ripple, thats something you shouldnt do with anything. However I believe Ripple at this price is a nice bet!
This chart is against Bitcoin , because I believe that taking a bet on Ripple against BTC is better than against Dollar right now.
BTC is going down after a real nice bullrun and it will take time before Bitcoin is ready to move a significant amount upwards.
If you need more TA I would suggest drawing on the dollar chart, as I believe that is a better indicator on Ripple.
My target may change in the future depending on what happens with Bitcoin , but for now a 16k SAT target seems aight :)
- Buy: 3100 SAT
- Target: 16000 SAT
- Support: 2500 SAT, and stops right below that.
Teaming up with American Express & Santander.
This is huge news and I am little disappointed in the price action on Ripple.
However, Ripple is a good long term investment and need to be part of any cryptocurrency porfolio. That's why I dont care that much about price action on Ripple in the short term.
I thought BTC would slow down, it didnt. All the attention is still on Bitcoin and its forks.
That will change though, the question is just when.
In the short term it doesnt look like Ripple will do much. Probably go sideways in dollar terms.
That's alright though! Ripple is a MUST have, and you dont want to risk not being in it at all.
I am removing any stops I have on Ripple and "locking" those coins away.
I will hold Ripple to ATLEAST mid 2018.
No reason for it to follow the rest of the market, it's fundamentals are very different from the rest of cryptoland.
Too bad BTC just keeps going up and up, its giving alts a hard time to do much. We got an American Express news yesterday and barely moved upwards, in a different market setting I think Ripple would have moved much more on the news which is a big deal.
But we just need to ride it out, Ripple will move higher, the question is when :)