So, it all started in November, that XRP just went nuts. It starts from $0.60, then this day it's literally $2.32! Well, it's a $2 difference, huh? And I just missed the rise of XRP. It felt kind of bad, but I had to find a way to catch up on the rise. Welcome everyone, to today's article on Blockbuzz! Now, let's get started on this shall we?
You might ask, how can I miss on this rise? Well, I wished I didn't but there are a few factors that made me miss:
- I waited too long. Yes, you heard that right. I thought it would skyrocket in a few months or so, but instead this is what I get.
- That FOMO feeling. Gosh! I was unsure if I should swap my funds to XRP, waiting others to jump in; but in reality others had already jumped in!
- I feared that risks would happen. Well, I felt like what if it crashed down instead? Myeah, that made me miss out.
Now, jump back to the point; how do I, or maybe even you, catch up on XRP's rise? There are some ways, but not all is guaranteed success.
- You can wait for a dip. Instead of jumping in right now, you can be a little bit patient. You can wait for XRP to pull back, then jump in. Why though? Well, it's because cryptocurrency prices usually dip in before they rise again, just like XRP! If you see all the history of XRP's price chart, you can see that before the time that it rises, it dips in first for some time.
- You can invest little by little. Don't just put all your money at once! Just like what I said before, what if it falls down? If it does one day, you don't lose a whole bunch of money, or maybe your savings!
- You can just look at XRP's chart to find good times to buy and sell. Tools like the RSI (Relative Strength Index) can show if XRP is overbought (too high) or oversold (a good time to buy)!
- Or simply just stay updated. What you can do is to keep an eye on XRP's news (Publish0x is also a great example!). Many times, big events can create a big buying opportunity.
But, it's not just that; you need to learn how to play it safe! You can set a stop-loss order to protect your money from crashing if XRP drops way too much. Or, avoid risks, such as borrowing money to invest. And there is one more key that puts it all; be patient. It doesn't just go up or down in a few days time, it may take weeks, or months!
So, that is all I have to say about XRP. You can learn from my mistakes, or yours, and start doing the right thing! Thanks for reading, and see you on the next article; bye! 👋