So, I spent a long time going through the Ripple website, and looking at their press releases. Based on what I read, I really believe in Ripple and that the price is going to move upward very soon. Firstly, they have locked away 55 billion or something XRP that will be released in smart contracts, one contract per year, to ensure investors that they won't flood the market and drop the price. So this ensures that as contracts are signed, and new investors are attracted, the price steadily increases. September is the month, numerous announcements should be made, I think that's the time people will want to jump on board. With this crazy crash today, it's a steal on a sale price.
I do believe in Ripple, and it is hard seeing it stay at 22-23 cents for so long. But as long as things keep moving forward, as they have been, we should see a major bump in September-October.
Secondly, and most importantly, the articles about China forcing people to sell off Bitcoin, and banning exchanges, is totally false. Read this exerpt below - (Bitcoin News, JP Buntinx)
"The big news of the day is how China is allegedly banning all exchange activity. As was to be expected, that information is completely false. Or at least where the major exchanges are concerned. It is evident some smaller platforms are shutting their doors due to ICO regulation. However, this doesn’t affect big companies such as Huobi, BTCC, and OKCoin. It is evident this fake news sends shockwaves throughout the community once again."
This is news designed to do exactly what it has- drop the price significantly, so a few can profit, lower confidence in the market, and confuse people. There are still people on Steemit today posting and perpetuating these lies. You can see the clear impact is has had on the overall price of crypto currency.
For me, this is a sale day. A great opportunity to get in on some really high quality coins at crazy low prices. That's my opinion, and please don't base your investments on my opinion. Do your own research and then research again before spending your hard earned dollars on this crazy market. That I love.