- Bill Morgan shares his experiences with the altcoin SEI as he added it to his portfolio.
- The attorney learned that waiting for a cooling off for crypto purchases can result in losses.
- While narrating the astounding growth of SEI, Morgan remains bullish on the long-term gains of XRP.
Bill Morgan, a prominent attorney in the XRP community, recently shared his experiences with the popular altcoin SEI. While Morgan narrated the impressive growth of SEI, he reaffirmed his long-term bullish beliefs on XRP.
Looking back to October, Morgan reflected on his previous decision to add two new altcoins to his portfolio. In late October, his assumptions on XRP’s lag in the bull market made him choose AVAX and SEI. He added, “I believe in diversification and I am not a one coiner.”
Being an XRP advocate, Morgan remains bullish on Ripple’s native token. Though he promoted diversification, he never intended to sell his XRP holdings but to add “something extra.”
When SEI caught his attention, it was trading for $0.11. As he procrastinated the purchase to research more on the token, its price doubled, and he bought it at about 22 cents.
Since then, the token experienced steady growth, currently reaching above the value of XRP. Reflecting on the astounding growth of SEI, which has acquired a yearly gain of 9341.44%, Morgan wrote about a “big mistake” and the “lesson” he learned from it, stating,
My big mistake was not waiting to buy while its price doubled because you need to do your own research, but after an initial overly conservative purchase waiting for the price to cool off so I could buy more. It never cooled off and I had to add more on a small dip at about $0.32. Now it is over $0.70. Lesson for me was waiting for pullbacks can mean missing out.
At the press time, SEI was trading at $0.7552, with a staggering increase of 29.10% in one day, 81.97% in one week, and 180.74% in one month. Meanwhile, XRP is currently trading at $0.6344, marking a daily surge of 3.11%, weekly surge of 1.11%, and monthly surge of 2.12%.
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