I'm keen follower of you but,....you have read the news feed right ?!
Tighand222
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@wbrett, The news is quite convenient, isn't it? It amazes me how truly naive people really are. Watch what they do not what they say. Such fickle creatures, we are.
wbrett
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@Tighand222, Agreed, the news does seem a little odd given that they choose now after 6+ years.
The question that puzzles me is not why but WHO is this for ?
The rest is simple, the whales are already gone for their break, retailers will fall into 3 camps, those scared and dump, those that wish it all cant be true and continue to take their dream long position and the bag holders that are sat quietly hoping it all passes over and they haven't picked the wrong horse.
I would just like to understand their logic......but that said, its hard to fight against herd mentality.
Tighand222
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@wbrett, The thing that gives me confidence in my investment is the macro picture. This technology as a whole is and will continue to change the world. In my opinion, XRP will have an extremely valuable role to play in this evolving progression of global financial technology. Trillions of dollars are coming for this market, and if it takes 5+ years to for it to come to fruition.... I'll be HODLIN
wbrett
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@Tighand222, That's a medium to long term view, one which most of us in this space have already signed up to because we're here.
Your initial comments were in support of the presented TA that projected 'The bears are all exhausted at 0.40cents' and the bottom was therefore in.
My response to that was that the bleak short-term news feed cast some considerable doubt over 0.40 cents being the bottom which was rapidly followed by 'hello 0.33c and then 0.30c'.
Its easy to procrastinate about medium to long term adoption globally, I think few would could ignore the reality of it but, your short term view massively underestimated the influence of (I think I called them) the panicked masses.
The real question now has to be 'has the market priced this in?', because if it has and being a bag holder, all i have to do is buy the dip and read a book to pass the time.
Tighand222
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@wbrett, cryptogeddon, WOW what a massive sell off. Right back to the battle grounds of the mid .20s This is a tough market, you almost have to just pick a long term target and just forget about it. A lot of people lost a lot of money today acting on panic. I'm either really smart or really a pain freak by not selling. Time will tell.
wbrett
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@Tighand222, Look, be sarcastic if you wish, that says more about you than anyone else. The situation is plain for all to see, i said see you at sub 0.30cents and im pretty sure we surpassed that. You can stick to your "0.40 cents is the bottom" and your lecturing demeanor because you know what they say "a little knowledge can be dangerous".
Enjoy the festive season.
wbrett
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@Tighand222, So you see, I don't need to pretend to be all cryptic and mysterious because 0.33 cents says it all. And as I said, even Einstein can washed away by the force of herd mentality.
See you sub 0.30 cents because there is still a high probability that the panicked masses will drag us there.