Two hosts discuss holding XRP despite its price drop from $3.84 to the $2 range. They argue the real rule for selling is whether it improves your life, and that most active traders lose money. Long-term holding through dollar-cost averaging beats frequent trading.
XRP crypto update. How are we feeling? I sold a total of $0 of XRP above $3 once again, and now we're back into the $2. And if you guys know a little bit about my story, in 2017 I watched XRP go to $3.84 and I sold a total of $0, and now we're back in the same spot. What would you say about people, um, feeling the need to sell or not selling?
So what's interesting is I I think, well, first, if you feel like you need to sell and you're in a position where you have overleveraged yourself or you have put too much into something, and now with the economy slightly changing in countries all over the world, or economies changing, you might need to sell, and that's okay. And, you know, in crypto there's a lot of maximalists, and you might feel like you're doing the wrong thing, but if you feel like it's the right thing for you to do, then that's what you need to do.
The golden rule is like, if you need the money in your life and it will improve your life, like take the profit.
But the other thing that I would say on the other end of this is that if you look again at statistics in crypto and the people that end up doing really, really well, it's not those people that are, you know, trading in and out of positions, rebuying when it's low. It's those people that are buying, dollar-cost averaging, holding for the long term that end up doing a lot better than those who play with their crypto.
Yeah, more money has probably been made by people forgetting they even have crypto than people actively trading their bags. Like, 90% of traders are not even profitable at all. They— yeah, it's very hard to be an active, profitable trader. But that's also why we're here, is to keep you in the loop with what's happening with XRP and your crypto. So, yep, join the Discord, free.
