Can we still profit from Ripple?

[Silberman]

I don't like Ripple at all.

Yesterday I shorted at Bitmex at 2x and today I closed my position for a hefty profit at 28c.

BUT now I start thinking... where should be the bottom? 10c? 1c? ZERO? Can we profit if it tanks enough? What are the chances of short recovery?

What is your speculation - where will be the bottom?

I think the chances of a fast recovery are almost zero, people got scared now that they know the SEC is going to file a lawsuit against it and there are enough reasons to think the SEC is going to win this, or at least that is my perspective, which means that XRP is going to face harsher regulations and I will not be surprised if a great deal of exchanges drop the coin in order to avoid problems with the SEC, to me this has the potential to be the beginning of the end for XRP which is why almost everyone is getting out of the coin.

[Lorokan]

Impossibility does not exist in crypto currency and this is why you cannot write off ripple just yet; since the focus of the thread is on profit; i would say ofcourse you can still take profits from ripple if you can trade efficiently; but i suppose that the profits will be in little percentages. Do your research and get it right.

[BigBoy89]

After my last reply about that Ripple is stable at 27c and how I'm still hesitated to go long on Ripple, it jumped to 34c.

For the record, I didn't go long at the end and kept my profit from shortening it in the first place after the SEC suit alert.

Closing the topic to avoid spam.