Ripple, BTC and regulation

In the best moments for bitcoin, we see a big drop in another promising cryptocurrency, Ripple (link). Why is that? The American authorities are investigating if Ripple can be considered a security instead of a commodity like bitcoin. If that happens, it will be kicked out of the crypto exchanges and will lose its liquidity. Its value could be much lower in a few months, despite the initial potential. We wish them the best.

This has been a “notice to airman” to sell other alt currencies and focus on bitcoin (now its volume is about 70% of the market), but it should also be a warning to see the power the legislators have over cryptos. Some people think it could be a good time to sell half of the BTC position with nice gains...