XRP updates
Added 2020-12-22 16:37:50 +0000 UTCTuesday, 12.22.2020
This whole thing about Brad Garlinghouse announced to the community that “they are about to be used by SEC” looks odd to me. He might either receive a probe or a preliminary letter from the SEC about XRP selling “unregistered securities.”
What’s the benefit for the investors knowing that they’re about to be sued? So people can sell XRP now before things getting worse? I’ve never seen a CEO does that for its investors. Normally, investors find out when the SEC files a formal lawsuit.
If the SEC goes after Ripple/XRP, XRP will fall below 0.37. I’ll ask my guides to see how low will it goes.
However, it will go back up because my guides have been telling me it will go to double digits as recent as a few days ago. The thing is their intel doesn’t have a timeline. When price drops, it makes investors nervous.
I haven’t sold my XRP since 2018. I will sell when price go to double or triple digits.
The uncertainty of this space is due to:
1. crypto regulations haven’t been passed
2. company can run out of financial resources to continue operation
3. a crypto company can be sued by the SEC for selling unlicensed securities
4. and other reasons
For those reasons above, I’m ALWAYS against the idea when people go ALL into ONE asset and hoping to hit a home run. Diversify your portfolio but not too diversified to 40-50 projects that you’ll miss out an opportunity to make the most profit when a crypto have a big run up.
I’ll update everyone as soon as my guides provide more intel about XRP.
SL
