/biz/ - Business & Finance

Thank God I sold

>>13381489
XRP is used to avoid 30 billion in bank transfer fees annually. There are 100 billion XRP. So, when XRP is over 30 cents Banks are still incurring a fee. When this fee grows close to the ones Banks were trying to avoid the use case of the coin will fail. This is one of the only coins with a set price it can moon to before becoming unfunctional. Plus it's centralized. Total shit coin

Ok so to start off: You are really in a fucked situation unless you hodl until the market recovers from this dip
you are gonna have huge losses and be playing into the whales hands if you sell right now. So just HODL and DYOR until shit picks back up again
but once things are better you gotta drop most of those shitcoins brotherman.
ETH
BTC
LTC
XMR
XLM
XRP
RLC
DGB
LINK
FUN
those are the coins you should keep when things get better. Sell of the rest of the portfolio once it bounces back to less awful levels than its at today.
That being said, a lot of those coins I just listed still suck ass and should be dropped from your portfolio too, but you gotta wait for the market to recover a bit and see who is doing well and who isnt. But that part is really up to your own discretion and judgement. First things first is to drop those other shitcoins as soon as you wont be selling at a loss.