XRPBTC - not a big fan
People have asked for my thoughts on XRPBTC. I'm going to sit on the fence. Here's why...
Bullish: We've completed a significant market cycle, with a nice 88% retracement. Normally this would get me excited for an entry. If this were a typical crypto, I'd likely be looking to enter near the tip of the triangle.
Bearish: I loathe the coin structure. According to coinmarketcap.com, there are 38,300,000,000 XRP coins in circulation. However, the total supply is 100,000,000,000. That means that Ripple has the ability to dump 61,700,000,000 coins onto the market. Let that number sink in, and then realize how that would dilute your investment.
At a current market cap of ~10.5 billion, there are too many better opportunities out there.
XRPBTC
Bullish: We've completed a significant market cycle, with a nice 88% retracement. Normally this would get me excited for an entry. If this were a typical crypto, I'd likely be looking to enter near the tip of the triangle.
Bearish: I loathe the coin structure. According to coinmarketcap.com, there are 38,300,000,000 XRP coins in circulation. However, the total supply is 100,000,000,000. That means that Ripple has the ability to dump 61,700,000,000 coins onto the market. Let that number sink in, and then realize how that would dilute your investment.
At a current market cap of ~10.5 billion, there are too many better opportunities out there.
XRPBTC
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