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lucid99

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About lucid99

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  1. You said "A 20% price increase over the period of a week or two outperforms all the life insurances, bank products, FX... by a large margin. " but you're looking at a very narrow timeline. It was indeed a 20% increase within a couple days but it was preceded by a reeeaallly long down trend. So yes, you are correct that if you happened to jump in the market at the exact point where it started shifting up then the past 2 weeks look great!
  2. XRP is down 90% from it's all time highs so had you invested in life insurance or bank products in the past year, you were better off. 20% is not high in a high risk environment like crypto.
  3. No because you’re just as likely to leave money on the table. Why spend time chasing 13% when you can just wait and (hopefully) get multiples more than that. Also, when add up the fees, accounting and stress then your banking much less than 13%.
  4. Wait! We are the leaders today! We’re leading the decline amongst the top 10. 😳
  5. Since when did $2B in volume hardly move the needle with XRP? We're up maybe 20% since the lows over the past month while Cardona, EOS, Litecoin, Bitcoin Cash, Binance coin are all approaching 100%. Anyone else feeling some serious FOMO as XRP trails?
  6. Yes, good advice. Quadriga was my entry point. I had a balance in cash there. Coincidentally, I bought some ether and withdrew to Kraken just a couple weeks ago. I definitely had a false sense of security by just leaving cash on their platform. When I heard the news, I transferred all the coins I had to my Nano. I feel terrible for those who lost so much. If you have a balance of coins anywhere, don't even think about it - transfer out now.
  7. Just goes to show you that things don't move like it seems. Still number 2.
  8. And there are no analysts out there that predicted last nights 20% surge. So unfortunately it holds true that the future still can't be predicted.
  9. You could go further and look at XRP since 2013 and say what an amazing bull market the entire time then. But then everything is always a bull market. The definition of a bear market is sustained downward price momentum. 2018 = bear market.
  10. The risk in buying in one shot outweighs the benefit. Yes, theoretically the price could shoot to $1 within a few days and you’d be kicking yourself for not going all in. But that’s a much better feeling than going all in and watching it plummet 50% or more within a few days. I wish I was patient when I entered the market in December. I lost a lot from that first investment. But I started DCAing back in March and it’s limited my losses even though it’s been a bear market.
  11. Ya cool. I’m gonna go grab another 500k after I finish my coffee. 😳
  12. If XRP has gone up in price by March then every other coin likely has. If XRP is at .05 then you will need serious balls to jump in because that would be a disaster for many and could spell the end. DCA as everyone mentions.
  13. True! In fact, it will probably do both. If I had $100k, I would have spread that sh!t out over many months. Just when we think it's super low, it goes lower. There's honestly no bottom to this sh!t.
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