Hello everyone, I hope you are having a quiet last few days of this particular year 2020. We have gone quite far in being active on this platform, trying to keep up with the advances that the world in general is having. If we talk about cryptocurrencies we will know that Bitcoin is breaking the maximum price barriers it had, however, we have also witnessed that most of thealtcoins have not run with the same serum.
What is really going on? Is everyone really focusing on BTC and the money that is invested in the Altcoins is moving towards the mother currency? We could expect a reinvestment in currencies like this platform later?actually I have a lot of doubts, however, here I am and will continue.
I suppose you are aware of the recent announcements by the U.S. Securities and Exchange Commission (SEC) against RIPPLE (XRP), the fourth largest cryptocurrency in market capitalization (according to https://coinmarketcap.com/es/), which has caused the price of XRP to plummet, literally. Around all this that is happening, I would like to discuss some things regarding what is going on in my mind around this issue. I would like to read in the comment box your opinions.
Some weeks ago everything pointed very well to XRP, because what I bought some units of this cryptocurrency, when it was at 0.5$, a few days later it went up to 0.7$, I said to myself "it could be a good moment to sell", however I did not do it, I believe that the project that is behind is solid, it has good case of use, so I will maintain them...
Now, the current reality is very different, with a frank decline in price, with more than 45% decrease, puts me in a somewhat complex situation to make a decision. Selling at the current price would make me lose almost 50% of my investment, but there is a risk that the price will continue to fall as it enters the legal problem, which has generated a lot of instability in the price with a pressure to sell, especially by those large holders of this cryptocurrency. So, selling could be an option, or maybe not...
There is also the possibility that this project will go very well after the demand, or simply not proceed with the demand and the price increases considerably, even well above the price at which it was before this whole situation, so, if I guide myself by this possibility the option to buy right now, that the price has decreased would be a good time, or even, wait until it goes down a little more (something that could happen) and buy, to expect it to go up .
But what I have mentioned is hypothetical, also it can happen that simply this project disappears victim of all the pressure that could exercise the SEC and to lose my money...
This is part of what can happen, part of those so many things that we should analyze before investing and even before withdrawing an investment.
I would like to know what you think about it:
What would you do in my place?
Does another possible scenario escape me in all this reality?
Thanks a lot for reading me, now I read them in the comments.
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