Waiting for the bottom
hive-175254·@belemo·
0.000 HBDWaiting for the bottom
 As if the news about Ledger wasn't bad enough, there's now another sad saga emerging about a potential lawsuit from the SEC that Ripple is facing. Apparently, XRP is considered a security and Ripple, who have a shit ton of coins have been dumping hard in the market. > You could learn a thing or two from this thread by @leofinance https://twitter.com/FinanceLeo/status/1341474078520127494?s=19 This bad publicity hasn't gone unnoticed and there has been a lot of conversations about the situation around the internet. This situation has had a knock-on effect on the price of XRP and while we don't know what it means for the "blockchain", the price of the cryptocurrency is tanking. In light of the situation, some small exchanges have even proceeded to delist the coin, thus adding fuel to the fire of consternation brewing around the image of the project. For ardent believers of the project, this is just a minor inconvenience, and they stand firm behind the project. People like [David Gokhshtein](https://twitter.com/davidgokhshtein) and my friend [Moquero](https://twitter.com/Moquero_) have been talking bullishly about picking up dumped coins. While I don't really understand the fundamentals of the project, I like money. I also like picking up abandoned coins, polishing them and then selling for a higher price. The point is that I'm looking at the potential of picking up a bunch of XRP, but I need to be absolutely sure that it is at rock bottom or close to it before I dive in. If this case goes in favour of Ripple and they continue controlling things on the blockchain, there will most likely be some green candles along the line. If things go to shit, and Ripple loses, XRP will still exist and I can't say for sure how the coin will perform but at least I'd have reduced the number of dollars I'm risking on the coin. It's actually a Gamble and you'd be right to talk me out of it. However, I'll be gambling with funds that I'm fine with losing, so not too much harm done in the worst-case scenario. <br> <br> #### Please check out my Freelance gigs: - [I write insightful blog posts about, Finance, Fintech, blockchain and cryptocurrency at an affordable rate on Fiverr](https://www.fiverr.com/belemo/copywriting-and-content-creation-for-websites-and-blogs?utm_campaign=gigs_show&utm_medium=shared&utm_source=copy_link&utm_term=zzlo2p) - [I write insightful football articles at an affordable rate on Fiverr](https://www.fiverr.com/share/VD7r4d) - [I write insightful blog posts about, Finance, Fintech, blockchain and cryptocurrency at an affordable rate on AnyTask](https://anytask.com/belemo/i-will-write-articles-and-blog-posts-about-blockchain-cryptocurrency-and-fintech) ##### Signup for [Oropcket](https://oropocket.com/r/?ref=3739) with my referral link ### Contact me - Discord: belemo#9593 - Twitter: https://twitter.com/belemo__ - Telegram: uncleskipper - Email: belemok@yahoo.com <img src="https://cdn.steemitimages.com/DQmQ3NZCn3sLzGB7sa27sDL3yJzmKMxJjywJ5Q2vAGVNW3e/belemo.gif"/> </a>
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