One of the things that both intrigues and scares me is how volatile the XRP market can be. For the most part, I'd prefer to stick with hodling. But recently, I've been starting to day trade (especially in the midst of announcements and the price is momentarily inflated). Simple right? Sell high and buy low. And then, there are times when BTC or ETH is on an upward trend and I'm tempted to sell my XRP to get in on it and buy back when I think it's reached a high point.
Do you guys think its worth my time to invest like this or will I regret it? Even though I think I have a knack for this sort of thing, I know it'll only take one mistake to lose the profit and make me feel like I've wasted my time. Not to mention the increased cost that'll come in the form of taxes on each trade (US). But getting into the game late, it looks like this is the quickest way to increase the number of coins other than investing more USD.
Would love some input if you guys have some insight. Thanks.
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