If you have free electricity sure. Also if you believe pricing will continue to rise.

It makes sense if its a security token.

Bitcoin will always be #1. Although Ethereum has many optimizations, its use-case is still very limited.

AKA. If you are worth 10k don't put all 10k in. Put $200 bucks 

Can't be a day trader unless you are sitting on a pool of capital.

Unless you're a pro I wouldn't make the career change without a ton of savings.

Never hurts to take profit along time way. HODL is not always the best answer.

Its just a correction period which will take some time to blow over.

Its called a market correction which happens in ALL markets. Right now we have low volume which means lots of HODLers and price inaccuracy.

What exactly is so special about ripple again...? Permissioned network that offers nothing of proprietary substance?

We're in the despair zone right now. No need to panic.

The best way to approach things:

1. Don't put in more than you're willing to lose
2. Be patient
3. Research the team
4. Understand the project
5. Have fun