Ripple (XRPUSD): The Moneygram news was better for Moneyg...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	17
Posts	715
Boards Moderated	0
Alias Born	03/29/2019

GreedyAgorist

Re: None

Monday, 06/17/2019 6:40:35 PM

Monday, June 17, 2019 6:40:35 PM

The Moneygram news was better for Moneygram, than for XRP, that is why they are up so much, lots more than XRP. They needed it more. Is that really so hard to understand? Yet it reflects well on slow and steady XRP that it could impact shares of another company by over 100%.

I remember back about ten years, I was looking to invest in Kraft. (The whole "buy what you know, buy what you buy" theory.) Then Kraft bought Cadbury. Good news for somebody, right? M&A always making it rain somewhere. Did both tickers go up on the news? What do you think? Kraft went DOWN, because... anyone?... Bueller?... hel-lo-ooo?... they were SPENDING MONEY. So it was good news for me, too. I got to buy in at a lower price.

Conversely, if Facebook came out with a big XRP announcement, which of them would feel a greater immediate upswing in price? If you guess correctly, your prize is... well, that depends. If you put some money behind your guess now, and you are proven right later... hmm, that is what speculating in the markets is all about, isn't it?

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.