With this fiasco going on with the S.E.C. Lawsuit against Ripple (XRP) alot of investors are getting caught up in the FUD. Are you?
I have been an avid investor in the XRP ecosphere since mid 2020, I still hold a pretty large bag of the Cryptocurrency in cold storage, I admit, I have sold over 40% of my original investment over the last few weeks, but I'm not going to sell out quite so quickly. Here's why.
Although there is a lawsuit ongoing which has most definitely put a damper on this crypto's price action, if the S.E.C. ends up categorizing XRP as a currency and not a security the price will go up so quickly there will not be much time to get back in at a reasonable price.
I personally believe XRP to be a currency and not a security, so I will take that bet and hopefully come out on top in the end. But.... To any new investors, there's nothing wrong with playing it safe. Better safe then sorry as they say!