Ripple is still one of the safest bets in the space IMO. They're in a really strong position and I'm surprised that the price was/is being suppressed as is. A lot of good news was coming out for a while and it didn't move very much.
Yeah they are in a good position. A bunch of coins are right now. Do we see a nice BTC bull run back to 12-13k? ETH to $900? I keep underestimating ETH. They released a partial PoC for ETH sharding. We're following the same pattern as last year (in terms of the overall market). ETH won't have the same % gains but could it hit $2,000 this year? Does it get above $1,000 again? I honestly don't know but if I was forced to take a guess, I would say probably.
Where will we be in 3 months? I'm genuinely curious. I keep hearing about how some of the big firms are in the process of setting up crypto currency trading desks. Money is flowing back in. France (of all places) slashed their crypto tax rates. US should do the same. We still have a ways to go. If you can buy furniture and housewares with crypto (overstock), when will you be able to buy a car or house? I'm in the process of buying a condo in Florida and I was going over the assets with my lender. Part of the assets I declared were crypto holdings. Last year I would have been laughed at. This year? They took it seriously.
A lot of people got burned when the market spiked in December + January because they forgot to take profits along the way. They figured it was just a short pull back and they would ride it out. The short pull back turned into a massive pull back. As it continued a lot of people thought it was the end for the sector and sold what they had for major losses, "I might as well at least recoup something". Here we are now likely entering a bull run. How things have changed from 2 months ago.
I don't give advice. I used to get 5-10 messages a week just on HF with people asking me what to buy, what is a good coin, etc. Again, I don't give advice. Just don't forget to take some profit along the way and never invest more than you're comfortable with losing.
All signs seem to be pointed up. And I am sure as soon as I click Post Reply the market will take a massive shit.