Today I decided to make a buy at almost ground floor.
The chart looks somewhat awful... It has been in a bear maket for 3 1/2 years. It has recently touched its all time low on 26th July 2021. The RSI has touched an ATL as well.
However, 2 weeks ago, the historic volatility has been spiking, breaking out of a long, narrowing funnel ! Moreover, listening to King Salomon's YouTube Channel, I saw like he pointed out that Sebastian Serrano, the CEO of this project was on a working paper of the WEF. When the World Economic Forum collaborates with people, I listen ! Not because I like the devils of the wef, but because they have a lot of power in this world and if they decide that RIPIO succeeds, it has a big chance to do so ! I bought LCX (Lichtenstein Protocol Exchange Platform) when I saw Montey Metzler its CEO invited at the WEF. Now I am already up some 400% on this coin.
So, not financial advice, DYOD ! However, I placed a big bet on RCN. Wish me luck !
Hello, I see a message that RCN may be delisted on Huobi and was delisted on Binance back in July. Any thoughts on that? I follow you closely and VALUE your opinion a LOT! FTM 1000x ALGO 100% 2days
Dangermousebanana
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@Victor55632, hi !! RCN is one of the riskiest plays of my portfolio ! I am very happy that I found out only recently about the project - so a lot of pain was avoided to me thanks to that. I think the various delistings are already baked into the price and that we are at ground zero. Of course a Huobi delisting (30% if RCN liquidity) could hurt the price but I guess downside is limited. I learned to trade charts !! And charts are telling my we are going higher. This company is a real company and makes 1 million $ per month in revenue ! That is 12 million a year !! So I found 14 million marketcap a quite compelling valuation. My trade is already 15% positive. Two days ago I doubled my position. I think this coin has a 100 X + potential. However DYOD; it is a risky play. A final word on delistings in general: they do not scare me ! I own a lot of XRP and BSV (they both have been delisted). I even think delisting could be a special destinction - since the elite do not want to share their profits with us common people. I love being invested in hated projects since nothing in this world is what it seems and since I guess I am a true contrarian. Thanks for following Victor and thanks for your comment ! I truly value this kind of constructive discussion! Cheers !
Victor55632
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@Dangermousebanana thanks for the update. I actually had the same thoughts about those in the know, buying it up slowly to keep the volume down. I put in a starter position but will add to that and move it to a wallet, then setup a few alerts and forget about it.
Dangermousebanana
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@Victor55632, seems very reasonable to me. I am a little more agressive. I recommend the BRD wallet to hold this token.
rgevanthor
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@Dangermousebanana, How's it going? I've owned RCN for a couple of years now. I used to store it on Binance but had to move it because I live in the US. Bittrex is now delisting it. I looked at BRD but it doesn't say that you can hold RCN/BTC on it. It just says BTC or am I confused and missing something? I stresses me out moving coins; I don't want to make a mistake.
Dangermousebanana
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@rgevanthor, hi !! Download the BRD wallet and go where it says: « manage portfolios »; click on it and you will see many assets appear - RCN Ripio Credit Network is one of them !! Congratulations for holding RCN for soo long ! You are a brave warrior !! I am just a worker of the last hour who got lucky enough to discover it at exactly the right time !! Keep me updated, man ! You’ll see BRD is the best option. Remember to deposit 20 bucks of ETH in order not to have your tokens trapped without having something to pay gas fees the day you want to move them again !!
rgevanthor
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@Dangermousebanana, Thank you. I've been in the game since 2018 and have gone through all sorts of stuff. 80% downs CRAZY UPS. I've been holding most and waiting. The explosion is coming and when it does....IT'S GONNA BE CRAAAAAAZY! What do you think of SHIB?
Dangermousebanana
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@rgevanthor, I try to stay away from meme coins with trillion supply !! That said in crypto bull even shit goes to the moon !! For me: ISO20022 compliant coins like XRP XLM ALGO XDC HBAR. Have you tried BRD wallet ?