In this exact moment we have XRP trading at 0,21$, close to lose positions per market cap. to LTC and Polkadot. Should you stay away from it or should you get in at low prices?
SEC has put a lawsuit in Ripple this week, we have seen it happen with telegram coin, Gram, in the past it was the first stone in Gram coin coffin. Ripple has put theirself in this position, knowing that USA will cut off every crypto they can, they still did their ICO in USA and stayed there. If they opted for Japan this wouldn't happen. This is not my favourite coin but they proved to have a good team behind the company and i think that there is a possibility of winning this fight against the SEC. The whole crypto community will bennefit if Ripple wins this case, because it creates a precedent and with this precedent no other coin would be subjected to this.
Ripple has its token called XRP, this is a centralized coin and that's why i don't like it very much, it goes against some of the crypto principles. Today i find myself rooting for them and i think that if you have some extra bucks that you want to risk, it is possible to make a good profit with XRP, if this dump continues the coin will get lower and lower value, if you pick it up in the bottom and Ripple wins the case, i think we will have a serious case of a bull run with XRP comming back to the scene stronger than ever. In my point of view you need to let this dump come to an end or near it.
Lets say that the coin dumps to 5 cents, we should get in at this point because the risk is low, the potential gains are gigantic, but bear in mind that you have to be sure that the money you will be investing doesn't leave a big hole in your finances because there is a chance that they lose and the token will be delisted on many exchanges and that's the end for Ripple.
I might buy it if it dips too much but in my mind it will always be to make profit and leave XRP. What is your opinion on this subject? When is the time to get in? Should we just leave it alone?
Best regards
Cryptopeach
