News based trading

[Jokerrrrrr]

Hi
It is very common in crypto that most coins achieve huge gain in price when there is good news comes about them
In recent days xrp got huge gain in its price after us banks adoption
Same with electroneum (etn)

What you all thinks about this type of trading
Please share your experiences

[rhomzkie26]

Hi
It is very common in crypto that most coins achieve huge gain in price when there is good news comes about them
In recent days xrp got huge gain in its price after us banks adoption
Same with electroneum (etn)

What you all thinks about this type of trading
Please share your experiences

In my opinion about what happened to Xrp, like what everybody said which I also agreed that whatever price it has now, for sure it will not remain as high because of its volatility, besides XRP obviously got pumped only and being controlled by the whale investors who are possibly controlling it to get more investors in the market. However, all these was just my opinion then about in ETN I don't have any idea about it.

[Kemarit]

Hi
It is very common in crypto that most coins achieve huge gain in price when there is good news comes about them
In recent days xrp got huge gain in its price after us banks adoption
Same with electroneum (etn)

Correct, XRP recent spike was due to the XRapid news.

What you all thinks about this type of trading
Please share your experiences

I think every trader should take advantage of any positive news that will come along specially in altcoins. Majority of them doesn't have real usage so the potential to gain is just thru pump-and-dump scheme. However, XRP was one coin that has the potential to be a good investment. The only problem I see is that its too centralizes and much of its clients are pure banking system. They even aligned with some of the biggest banks so I wouldn't be surprised if the spike will be sustainable though.