Is XRP (ripple) really that bad a coin
So I see so many posts about ripple being a bad investment because of it's centralization. But is it really that bad?
I'm sour because I had a fair few thousand but got caught up in the negative press it had amongst the crypto community and sold out at $0.2.............Yup, defiantly regretting that move now.
Did anyone hold a bag and has a real success story from the coin, I should imagine it made a lot of people millionaires (or at the very least extremely better off)
I did that same thing as you. Full of regret but all you can do is live and learn!
Me personally bought some ripple with 2.65$ , I will hold them for a long term, me personally see future in this coin, so I will just hold it!
Thanks for commenting. I think there is still more to come as they have a lot of backing. I wish you well with your investments. Dan
My husband is doing the research on a mass number of coins and has the theory that being centralized really isn't a bad thing, especially if it's going to be in great demand, which in time as ripple gets used will be. From what we understand the coins will disappear as they get used, making each one that much more valuable, at least that's what we hope, but only time will tell. So far at it's high point, it turned our $20 into $1,200 and we plan on keeping it for the long run since it was one of the first we purchased and it has the potential to really take off
Thanks for commenting. I think you are right that XRP will be in great demand and being centralized doesn't have to be a bad thing and to be honest I think that as crypto is adopted more and more that it will atomatically become more centralized. I wish you well for your investment. Dan