Being an investor just sitting back and looking at XRP set up all the wrong reasons about why you would want to invest a single dollar into it.
- Fully centrlized
- Every coin was already minded and the company gets to decide how much they want to release
- All the talk about integrations with banks made zero sense why any bank would give up their power to a cryptocurrency coin. Instead they would just build it themselves and guess what THEY DID.
In my opinion it is the biggest overpriced junk coin of them all built on nothing but Hype.
I do feel Altcoins will still see there day again. However it will be limited to certain coins and tokens. Ones that have a development team, advertising and just a solid plan moving forward.
Bitcoin got all hyped up on FOMO and ETF approval. Well now ETF approval is totally out the window again because of the wild swings we just had. No government is going to approve bitcoin for massive trading it is far to risky for that money to flow out of that country.
Buy and Hold, buy on the major dips and hold. Look back in a year or two and you should be sitting in a rather good spot.