XRP: No coinbase listing: rallied on false expectations...

This could be the top in $XRP, for a good while. The only remaining expectation that remains to be clearly proven to be false in the eyes of the majority of market participants -blinded by their flawed perception of fundamentals buying into this self reinforced trend- is the fact that $XRP tokens won't be bought in the open market by banks, since Ripple sells a software solution to them, that could very well function with a private blockchain used between trusted parties, which would make them avoid the costs of buying coins in the open market. The other possibility -that could be a rumor- is that the banks that do end up buying $XRP tokens to save $ on transactions end up buying from Ripple company's own stash -which isn't even listed in the coin market cap-. They own 60% of the real supply, and if they sell this to banks -who would be scammed by them- then the open market tokens value wouldn't appreciate.

In short, this is a typical boom/bust pattern forming here, and could be about to see its bust phase start.
Sell XRP if holding, there are safer and better coins to buy, that will help you store wealth in a secure manner if following proper crypto opsec. -the most important feature of this market-


Ivan Labrie.
Comment: Short term we could see a bottom around here: 1.93. Still, risky...I'd leave it be.
It could have topped for good when I called it.
Hey mate

Funny to see all those "you are wrong." in the comments, and then hit "PLAY" on the chart. Had some hate messages when I started selling too.
However, I covered my position back at 0.87$ as i published back then, and will wait for further development. I'm sure with those 60b in escrow, they don't want to let the coin dump too much.
+2 Reply
@Nidalas, good to bail from shorts. I posted mainly to help people exit in profit. Risk was big.
+1 Reply
Thanks for the update!
+1 Reply
Thanks for the publication and the heads-up (once again on XRP)! Been selling on the way up and now I'm empty on the exchange. But given your accurate trackrecord it seems wise to digg up some more from the cold storage...
Have a nice weekend!
+1 Reply
@plok, Hope you did, and have not regretted! You might want to cover up some of that cold storage stack if you believe in the coin long term, and keep the profits of this "short" for yourself or trading
+2 Reply
plok Nidalas
@Nidalas, Thanks. I sold about half of the XRP holdings I had on the way up (and when it started going down). I intend to just keep the remainder in case there's ever going to be a pleasant surprise. And if it just gets more nasty, we had a good run! Good luck!
+1 Reply
@plok, Exactly same as me, except i sold more than half, but bought back at 0.87$ :-)

I do think we are in for a pleasant surprise soon, indeed
+1 Reply
#rekt, Monsieur @IvanLabrie
+1 Reply
IvanLabrie cyberholz
@cyberholz, didn't short this...it's still below the price where I published though.
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