I'm shorting XRP

[Nash Commerce]

I used to be an XRP fanboy, solely based on the risk to reward ratio of all-time highs,
was buying at $0.17 - $0.19 sold all my bags at $0.40

I entered a short position at $0.32 due to sec regulation and a lawsuit from their series c investor, as well as delisting and the halting of trading on multiple big exchanges.

What do you think?

 

[rasbsal]

seems like the way to go, which trading platform do you use If I may ask?

 

[alurosu]

Too late. Now it recovers. This is old news. Dropped from 0.6 to 0.2

 

[RookieButFine]

I'd short XLM atm.

 

[USA282]

Dont do it.
Lawsuits or whatever, in crypto the price recovers pretty quickly once the dust settles.
XRP is at a very unpredictable spot, I suggest you stay away - that include both short and long positions

 

[Nash Commerce]

I'd short XLM atm.

I like the way you think. Forgot about xlms run up.

 

[USA282]

I'd short XLM atm.

TBH XLM has always been wayy underrated. Shorting it would be crazy. I honeslty believe ifs going to be within the top 5 coins in the coming few months. It may replace XRP.

Also, this surge XLM price isn't hype. Did you not hear the news that Ukraine creating their official crypto on Stellar.

 

[RookieButFine]

TBH XLM has always been wayy underrated. Shorting it would be crazy. I honeslty believe ifs going to be within the top 5 coins in the coming few months. It may replace XRP.

Also, this surge XLM price isn't hype. Did you not hear the news that Ukraine creating their official crypto on Stellar.

Totally agree with that, i meant shorting it for the short run as it had some solid run lately.
For the long run your'e 100% right.

 

[jizznow]

Wether XRP will make it or not is anyones bet, I'd stay away and go for safe (long) investment options: BTC/ETH/DOT/ADA

 

[Ennyces]

Do you actually think xrp has a bright future?

 

[Nash Commerce]

Do you actually think xrp has a bright future?

No that’s why I was shorting it.

 

[Hrhprince1]

I think the SEC will come to some sort of agreement with XRP to make an eventual recovery...

 

[afgan84]

No that’s why I was shorting it.

Hey bro, sorry to asked you a question here: would you prefer to invest $1k in buying from now if not what are other crypto you can suggest? thanks in advance.