Sold all of my Ripple
While my strategy is to hedge the market I have gradually been reducing my stake in Ripple, even while it goes up. I have too many concerns about what it is, the relationship between the XRP coin and the Ripple technology, the market cap and how much of the price action and volume is coming from Poloniex.
This morning I sold my final position and moved this into Bitcoin. I may regret this, but my gut feeling is that XRP is now significantly overpriced. Profits are great, but my investments always need to be backed by research and logic and right now the XRP price is defying logic for me.
Ripple has been my post profitable investment regarding % growth. I am happy to take this and walk away. By logic, the price is in a bubble and should crash heavily soon, though I could be totally wrong.