XRP is one of the best crypto assets to own, invest in, or trade with because of its fast transfer of value and its one selling point of negligible transaction fees. I had sold some steem a few days ago and I do not want to cash out using BTC because of the transaction fees.
So what I did was I waited for a good instance that XRP is relatively cheaper and bought my BTC with it so that I could put XRP in my online wallet where I was cashing-out cryptos for FIAT since the pharmacies and the dialysis centers as well as the food stores just doesn't accept cryptos yet so I just needed FIAT money in that regard.
My online wallet service happens to have XRP wallet included with it and so what I did was I waited for XRP to get higher and then converted it to FIAT. In that way I had made another profit by exchanging my XRP. Now I am not converting it yet and will hold until XRP would rise up again which is by the way possible given the craziness of the cryptocurrency movements influenced by BTC.
Now I just wait and be patient about converting it to FIAT when the price fluctuates into higher gains and it may take a bit more time but I am willing to wait for the cake to bake until I can sink my teeth on it. XRP has a good history of valuating to a thousand satoshis in the past so there is a possibility for that to happen again because of BTC price movement.
Not a financial advice but XRP is really a good buy and like aforementioned it is a good crypto to trade with Bitcoin when you sell your steem so that you can be able to enjoy the lesser amounts of fees then cashing out BTC provided that your online wallet service like mine supports XRP and can be cashed-out for FIAT.
Posted via Steemleo