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RE: Why I Just Bought More Ripple (XRP)!
Well, I think XRP's market cap is a bit overvalued. that might be enough reason for me to not invest in it. But that is just my opinion.
If you believe in the coin, you will not lose anything even if the price go down.
I also go with your assumption here that Ripple is currently overheated and would rather observe it than going into. On the other hand, I would said this a few weeks ago when it was reaching 30¢ as well, so... ;)
When it comes to market cap you have too look at the market it is aiming at though, comparing one coin to another's market cap doesn't tell you anything about potential growth. If central banks and big companies adopt XRP it's market cap in the future will dwarf what it is right now!
I think I will talk about using market capitalization when looking at potential crypto investments in my next post actually... so thank you for giving me that idea! :)
Actually that was not what I meant. There are quite some guys who not accept Ripple as real crypto currency and think its a trojan horse. Thus my bet was against become a wide adoption.
Yeah my answer was really to both of you but I see what you meant now. You are right in saying that Ripple is not a cryptocurrency, I don't want to confuse people however by calling it something else without explaining that first. Thanks for clarifying what you meant.