I have some amount invested in ripple and Ethereum..but not sure if I should let it go or hold on to it ?
Hoell
The rise of crypto currencies coincided with the last great recession. It might be reasonable to assume that the next time we have a recession, these crypto currencies might appreciate. However, there is no way that the next recession will be as bad as the previous one, so how much these crypto currencies might appreciate is a question that nobody can answer today.
Would you invest by buying Euros? Some investors do, but forex is a notoriously treacherous bet for non professionals. If not, why do you think xrp or eth will rise with respect to usd? If you find an answer to that you should hold :-) (I think a lot of people are conflating asset classes and currencies when it comes to crypto currencies these days. )
Why in the world would you hold Ripple? It's a corporation issuing it's own coin. It's main tech they try to use with other companies isn't even related to the coin. Decentralization was one of the main points of crypto, xrp shows up on ripples quarterly earnings. What utility does it have ?
Do you need the cash? If it’s just funny money then hodl for a few more years why not