YES! Get ready to load bags !!! (this should make double bottom with higher low :P ) before rocket loauches to MARS (Moon is too close for XRP :D )
merabtene
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@CryptoSnoopy, It will just move side ways for weeks or even months. I'm loading on Ethereum way better ROI.
Barrabert
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@merabtene, XRP can do more like ETH, but as you prefer :)
Barrabert
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@CryptoSnoopy, I agree, but I don't think so it will go down to 15. Maybe 19 or only 21. We will see. Depends on macro. I definitely expect one more leg down too.
CryptoSnoopy
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@Barrabert, sure.. a wanted to load under 0,2, but it depends on whole market and situation is not so optimistic.. will see if we go to 9k and up or brek to6-7 if stcok apocalypse again...
supervida
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@CryptoSnoopy, It does seem like there will be some sort of new crash (coming sooner than later) in the regular, non-crypto markets. I hope I am wrong, however, another crash could propel the crypto-market higher this time around. Crypto is still unpredictable and we just don't have much history to know what another "recession" will do to BTC and Alts. While there was a major crypto "pull back" which corresponded strongly to massive drop early this year, the crypto market came back stronger and more quickly. Another recession might play out very differently than it did in March. What do you think?
Barrabert
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@supervida, That's a fantastic question and I'm really interested in too. Actually the crypto market is correlated with the stock market. The stock market will collapse and go to bear mode, that's almost 80 percent sure during the recession, but if the crypto market will follow it, it's not logical. The stock market rise is actually compensating the inflation, that's logical, but not real. Crypto is the future definitely, so minimally some assets need to decouple from the free fall. The question is, when and how will it happen and which crypto assets will be part of the new era and rising. Actually I do not see any crypto asset behaving differently from the whole market significantly. The bonds most probably will collapse, dxy most probaly will fall, the safe heaven status of the usd most probably will not survive. The question is, where all of that money will go. Gold, Silver or Crypto? Or what else? New dollar? We do not have too many choices.
nibbn
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@Barrabert, I agree and have buy orders around 0.21 to 0.19 ;)