The simple answer is, YES! Without a doubt you should sell your entire XRP allotment/position. At first I was actually hesitant to sell my XRP. I bought it unfortunately when it was still rather high at .72 a token. What did I get for it, you may ask? A measly .27 each!!! Now it has slid down to .21 each.
I sold when mostly smaller exchanges were delisting. Yes, that is right! Delisting XRP. For fear that the exchange itself would be in trouble for selling a security and not currency. But it gets much much worse. Recently CoinBase has decided to delist XRP as well. When? If they have not done it at the time of this writing, they will very shortly. It is going to continue to grow to where XRP will be worthless. That and the owners, let us say, the founders of XRP. Still have billions upon billions of tokens to release. They can not release them like normal to keep with the pricing. When they released many millions or a billion during any given quarter. It would not lower the price if at all. Now, with every one cashing in their XRP. They are not able to just dump them right now. That would bring the price, surely to zero. But don’t sit there and think they are not releasing any. Because they are. I think they may get rid of as many as they can afford to get rid of.
If the lawsuit does not go their way then what they have left will be garbage. Worth nothing. However they may hold on to some in case they do win the lawsuit. God knows how long the lawsuit will take. It could be years. Well a month is eternity in crypto space. Given that it will probably take years. The damage is already done. Sell your XRP NOW! DO not say we did not warn you. Take your losses and be glad you got something for them.
Now, on to where you should put the cashed in amount to. Do not jump up and say that is easy, Bitcoin. If you see the price now. It is around 27,059.00 at the time of this writing. That is it for right now. It topped out. Once investors see that it reached the top. They are going to take their profits. So BTC will go down many thousands of dollars. But it may take a while for this to transpire. The next logical crypto currency you probably think of is Ethereum. Well just like XRP, Ethereum was not originally mined. SO they could be facing the same boat. Only time will tell. Plus the Ethereum blockchain is slow and gas fees are high. AHAH! gas fees are high. So where do I put the money that was in XRP.
EASY! Digibyte! DGB. If you never heard of Digibyte. DO not worry. YOu will be hearing a lot more about it and all you have to do is a google search and see that DIgibyte is better than Bitcoin! Say what? Better than Bitcoin! How can that be.
Well like BTC, DGB is decentralized. It is also mined and mined by using 5 algorithms. In fact it is thee most hack resistant blockchain ever made! It would be very hard if not impossible to do a 51% attack on 5 algos.
DigiByte has become one of the safest, fastest, longest and most decentralized UTXO blockchain in existence.
This is how the DigiByte blockchain works.
The three layers are the most innovative parts of the DigiByte blockchain providing the network infrastructure, security and communications to function with cutting edge speed.
Applications / DigiAssets.
The top layer is like an app store with clear real-world uses. All types of digital assets can be created with the DigiAssets protocol on top of the DigiByte blockchain. Decentralized applications (dApps) can be built on top of the DigiByte blockchain. Also smart contracts that leverage the rigidity and security of the DigiByte blockchain can be encoded easily.
Digital asset / Public ledger.
The middle layer provides security and administration. A Digital Byte of data, a representation of larger data or a unit that holds value, and cannot be counterfeited, duplicated or hacked. An immutable public ledger where all transactions of DigiBytes are recorded. DigiByte uses five proof of work algorithms for security. New DigiBytes come from mining only.
Core protocol / Global network.
The bottom layer provides communication and operating procedures. A very low-level way nodes on the DigiByte global network communicate. Thousands of people are running DigiByte software all across the planet. Any server, computer, tablet or mobile phone connected to the DigiByte network becomes a node that helps relay transactions. Start contributing to the DigiByte blockchain in the optimal way.
Open source / Permissionless.
Just like this website, the DigiByte blockchain is completely open source and free to use released under the MIT license, which gives you the power to run and modify the software. Transparency allows for independent verification of binaries and their corresponding source code.
DigiByte Protocol on GitHub.
DigiByte Core Development on GitHub.DigiByte blockchain stats
Easy to use.
Getting started to use DigiByte is even easier than sending an SMS. You can send and receive DigiBytes using the devices you already know and love. All you need is installing a DigiByte supported wallet then click scan, scan the QR code and send DigiByte. As easy as 1..2..3.
Not an ICO.
DigiByte has never been funded through an ICO or significant amount of premined coins (0% remaining). There is no CEO or a company controlling the DigiByte blockchain. The founder, developers and the community are unpaid volunteers that eliminate the bankrupt risk.
DigiByte transactions are confirmed in approx. 15 seconds, which is 40 times faster than Bitcoin and 10 times faster than Litecoin. SegWit enables up to 1066 on-chain transactions per second and negligible fees make DigiByte the ideal currency for daily payments.
DigiByte has been built on the uncrackable technology of the Bitcoin blockchain and implemented various advanced enhancements over it such as DigiShield guard, MultiAlgo mining and the Odocrypt algorithm. Also Dandelion++ privacy protocol helps keep you safe by hiding your IP and physical location. Learn more.
DigiByte is a 100% Proof of Work (PoW) blockchain that can be mined with five algorithms called Sha256, Scrypt, Skein, Qubit and Odocrypt. MultiAlgo mining contributes to decentralization, security of the network and gives you the freedom to use different kind of hardware’s such as an ASIC a FPGA or a GPU. Learn more.
Compared to 21 million Bitcoin, 21 billion DigiByte (1000:1 ratio to BTC) have been designed to be ready for mass adoption. DigiByte block rewards reduces by 1% every month instead of halving every 4 years. All 21 billion DigiByte will be mined by the year 2035. After 2035 the miners will then rely on transaction fees alone. Learn more.
DigiAssets can be used to securely represent anything we find in the physical world. From tangible assets such as real estate or cars, through to scarce digital pieces of art. Signed documents such as deeds and medical bills can be protected.
DigiAssets as an ecosystem and platform already has interested parties either planning on or currently building platforms in real estate, finance, remittance, identity, point of sale, racing, trade, healthcare, supply chain, government and more.
DigiAssets leverages unique aspects of a truly decentralized blockchain only found within a permissionless blockchain like DigiByte. This allows DigiAssets to be more secure, scalable and decentralized than any other platform in the market.
Remember when you first heard of Bitcoin and then you saw the price. Then said, I wish I had known about this when it was 2 cents or 3 cents. SO you could manage to get into crypto and still get in at the starting stages to be able to amass a fortune and become wealthy! In 2013, if you had purchased 5,000 US dollars of Bitcoin it would be worth $547,180.00 US DOllars today!! However if you bought $5000.00 of Bitcoin today it would only be a fifth of a Bitcoin. While you still may profit some. Not as much if you buy Digibyte, DGB today!
Now is your chance to buy a time tested blockchain cryptocurrency that is only going to rise on the up and up, both now and the future. Do not miss out like you did BTC. This is your warning. Now i can not promise you that it is going to the moon within a few months or a year from now.
What I can promise you is that it will never sink like XRP , Ripple. It is a currency and not a security. SO you will never have that fear with Digibyte!!! EVER! What you will have. Is a sound investment that will moon in the years to come and you can sleep at night, knowing that DGB is only going up. Not going down just like XRP to nothing.
why are you still here? Head on over to Digibyte.io and do not take my word for it. Start there and take 20 minutes out of your day. Then buy some. You will never regret.
Be Safe! Have a happy and prosperous new year!!!!!