If you bought XRP anywhere from April 1st through April 6th 2019 you are now what Wall St. calls "The Dumb Money" and you are stuck. It was "The Smart Money" that was selling to you. #Crypto
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If you bought last week on that bounce you might want to consider taking your loss until this name settles down. Not advise just an opinion - know when to fold them when you first open the trade and know what your pain threshold should be upon entry. Taking losses are as much a part of the financial markets as taking profits are.
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Here we go again - how many ways can you spell TRAP.
just face it. XRP (like the whole market) has ups AND downs. you're just permanently saying it'll go down, so half the time you're right. that's not helpful TA, that's just BS negativity
NewYork888
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@xrpftw, Lots of likes on your comment that means lots of stuck longs are reading this that's a good thing - it's a shame they didn't read and follow us a year ago when we told everyone that would listen to get out of crypto - they would have saved a lot of money wouldn't they? Thank you for the comment. @dRends35@UNWOUND@tommix@Sabibaby@NoobOfTheMonth
UNWOUND
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@xrpftw, You are correct... UPs and DOWNs but the downs outweigh the ups. Yes short term money can be made IF you choose to gamble. This coin called btc was introduced / invented /( or use you own word ) by an "unknown" and it is the ONLY coin that is noted to have had SUCH value proving it is a good thing . It is here to stay and will gain ground when it is appropriate. Gamble if you choose to right now but good luck
NoobOfTheMonth
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You are probably right. But how stuck are they? Was it a bad idea to buy XRP now? Maybe, I'm not sure. But...
When I zoom out on the daily, I see a parabolic FOMO-spike eoy 2018. Absolutelly crazy. Unsustainable.
Then I see a hard sell off, full bear controll and the drop of price to exactly where it came from in August and September 2018 - a double bottom.
Now I see sideways market within the price range of the bullish move later in September 2018. 7 months (!) within the range of 0.27 - 0.58 until today.
If this is a bear market, where are the big sellers? Where are the huge sell offs today that happened first half of 2018?
I say they are gone. Whales of the lower price ranges either got out, or aren't willing to sell at these prices. The sell off of every bounce, but not lower, is sideways market. Low interest, bots doing their thing, until no sellers are left.
So to provide a counterargument in this new chart of yours: I say the bear market is over. We are in the sideways market where all sellers leave, but bulls aren't willing to accept lower prices. Every bounce is sold since 7 months. This leads to the beginning of the next bull market within the next months. XRP will breach its ATH at $3 either eoy 2019, or within 2020.
NewYork888
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@NoobOfTheMonth, Didn't you call the end of the bear market in XRP at much higher prices? See those "likes" on your comment? That's because most "retail traders" are longs and very stuck longs at that if they have been buying over the past year no matter how they try to frame it they are all stuck. @dRends35
NoobOfTheMonth
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@london55555, Maybe I get the likes because my observation is correct? What's that weird market cycle you wait for?
sideways market, bull market, bear market, sideways market ... now bear market again? Another 80% drop of value in XRP to $0.08? Why? Who would sell now? The few hodlers, like me, that are left? If thouse stuck longs are anything like me they will never sell a XRP below the dollar.
NewYork888
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@NoobOfTheMonth, You haven't been "correct" in a year. You collect the likes we'll collect the money. @dRends35
Poukitoun
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@london55555, man you are salty! Lol
NewYork888
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@Poukitoun, Dealing with these haters that post on our threads we have to be LOL Thank you for the comment.