1:20 ( RISK REWARD) with high propability.
People have lost their brains in this mania, people bought bitcoin at $19,000 thinking it will give them great returns. That they will double/triple their money. What are the chances that bitcoin will go from let's say $20,000 to $ 40 ,000 and how long will it take? What are the chances of a cryptocurrency selling at $0.12 with a market cap of $97,829,899,439 will reach $ 2? Well anyone of you will a bit of common sense can see that the chances of going from $0.12 to $1 are more than a bubble who has already inflated up to $19,000. I have just 1 friend who also do trading ( speculating) and i told him not to buy bitcoin at $12,000 and instead take a bet on xrp, and he doesn't regret it now.
I decided to play with 2% of my money and have fun, just remember when you are buying a cryptocurrency you are just having fun and fun which can make you some money or you can end up giving money. Just like a casino, you bet, you win/lose, you had fun.
First of all, i am not a speculator, I don't follow the herd and don't get caught by crypto mania. I don't break my rules, and follow the advice of my mentors/books therefore only speculated with just 2% of my portfolio and so should you. (1-5%) the lesser the better. If you have your money in cryptocurrency and you are thinking you are an investor then my friend you are like a blind man walking in cold dark night without a stick. When bitcoin was at its peak many of my friends were speculating on bitcoin , I had my money in safe buckets INVESTED in bonds indexes, TIPS, Structured notes, indexes, such as gold and silver etc giving pretty decent returns towards financial freedom. ( read my other idea, posted on reaching financial freedom, prepare for worst )
How do I see XRP and so should you?
It's a speculation, giving the fact that herd is going crazy for any coin in this market, I believe that xrp has the power to hit $20 a coin.
It has a huge market cap and cheaper to buy so many people will sell their expensive cryptocurrencies and they will buy xrp in hope for better returns. The whole crypto game is about and I believe there is going to be a huge demand for xrp, it's has started to come in news, media getting attention, herd buying with all their savings, the more it will go up the more flies will attract towards sugar and you can take advantage of this.
I bought xrp at 0.21, for this example sake if you bought xrp at $1, don't sell it until it reaches $20. Hold it, don't sell on the formation of any patterns and other indicators crap.
As soon as you double your investment, take out your real principal and put it back in your safety bucket and let the profit play the game. I already took my 2% out of this.
the way I have allocated my protfoio in stocks , commodities , bonds etc it will give me positive return even when market will go down, hell as a matter of fact I would have down only 2.71% in 2008 crash with my current allocation, when spx was down 50%
I like you bought ripple at roughly the same price. However, I bought so little it was rather pointless. I sold a chunk out yesterday and am looking to rebuy at a lower price. I still think ripple has rocketablity left. What would you consider a good entry point? My biggest mistake thus far is putting to little into the alts and to much in bitcoin. i did sell a nice chunk of mine in the 19s but rebought to early. People ask me how much to put in the crypto verse and I say the same thing, "however much you bring to vegas knowing farewell it may all be lost."
Interesting, I will do some research. What is the ticker if you wanna throw it up here.