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lucid99

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Everything posted by lucid99

  1. It was publicly stated that those who held XRP on XXX date last December would be entitled to a corresponding number of Flare tokens. That drove a notable spike XRP's price at that time. So in that sense, the expectations were preset - it's not about entitlement.
  2. Sure, great idea. Also, sell orders so you can lock in profits if theres a run while you sleep. Just keep a portion in a never sell pile and gamble with the rest. Never invest more than you'd be okay with losing.
  3. Okay, I can give you my experience and take what you like: I first invested in XRP in the December 2017 bull run. I only put a little because I was nervous. Within a few weeks though, I had made a lot of money. It really felt good and when XRP crossed $1, people were screaming from the rooftops that it would hit $5, then $10 then ridiculous numbers. It was basically a "guarantee" (note the quotes) to be rich. I bought more and it actually started going parabolic and hitting more than $3 - amazing. I mean, this was serious money now. It didn't last long. There was a big drop. Then, more and more. And well, you get it. Soon, XRP was about 17 cents and it stayed there for years. We're talking a 95% drop or more from its peak. So be careful, tune out the fomo, and if you feel nervous it's because you have too much on the line.
  4. No offence, but it would be ridiculous to make any financial decisions based on the assumption that “all experts in technical analysis predict XRP at $5 soon”. Cryptocurrency markets are unregulated and prone to manipulation. Once you truly believe that, you can fully appreciate how unpredictable the price direction will be.
  5. Are you new to crypto? It would be an anomaly if it didn’t crash at least 80%.
  6. Nothing really to think about here. XRP still far below its highs while many coins are close to their highs or even reaching new heights. The big question is - will XRP be back down to 60 cents in few days or resting well above $1. No clue but remember that XRP pumped big time last spring and eventually ended up back where it started.
  7. No. I was going to crunch the market cap but my calculator just started spewing out letters and strange characters I’ve never seen.
  8. This is the most ridiculous thing I’ve ever read.
  9. That’s called a lucky coincidence. But good for you that it worked out.
  10. That's like saying anyone who invested in GameStop stock in the past year would be rich. Sure, but that doesn't mean you'll rich by investing now.
  11. Crypto is unquestionably high risk. We're talking in the magnitude of 90%+ losses across the board to those who buy at the wrong time.
  12. You must understand that with that approach you'll either be rich or broke. Just don't do it. If you're young then put your money in riskier stocks but crypto is like the riskiest of all risky investments. No more than a couple percent of your entire portfolio for a sane person.
  13. I like this. However, you’d likely be selling during pumps, or buying during dumps, and that’s a psychologically hard thing to do.
  14. Oh, and if it wasn’t a massive amount of money this will be a great lesson for you. Probably will save you a fortune one day. Stay strong. 💪
  15. Your experience is basically everybody who trades on emotion. The only way to succeed is to plan and don’t be greedy. I bought XRP last night at 48 cents and put my sell in at .69 cents. It only worked out cause I was asleep. I woke up and I had sold for profit. Almost bought back in 75 cents (top) but stopped myself. But let me tell you this. My average cost for XRP was $1.50 before the pump this past spring. I learned The road to hell is paved with buying the dip. I finally sold for a big loss after the SEC news - just fed up being the red for YEARS. I bought Ethereum, XLM, Cardano and I’ve made a lot of my money back. First lesson: do not hold just 1 crypto. Second lesson: block out the noise. Nobody knows where the price is going. NOBODY. Third lesson: don’t be greedy, put it your but/sell orders and close your ******* eyes!
  16. And the genius money sells a couple hours before as it realizes the smart money will leave 30 minutes before. HOWEVER, there's always the possibility this could be different. It's hard to not notice the impact on GME, AMC, BlackBerry, Silver, etc. And the price action on those stocks has sustained to irrational levels. I'm always skeptical of these things but I'm 1% less skeptical on this one.
  17. Ya but all this price pumping is because of that event so it’s totally relevant.
  18. Here's the thing - even if SEC positive news comes out and XRP doubles in a day, it would still just be playing catchup. XRP is up 50% since yesterday and the more lucrative move was still to sell a few weeks back. There's just no way to know what happens in the near term but imo XRP has a lot more risk factors right now than other coins.
  19. I did pretty much the same. Except I held my XLM.
  20. Its hard for people to sell for a loss especially when it was down 50% in a day or two. But it’s a mistake for people to hold right now and it would be a mistake to buy in. Just no light at the end of the tunnel.
  21. And then you could watch XRP stay flat but with twice the amount.
  22. It is an XRP forum after all. Not much reason to come here if you’re not an investor.
  23. If you believe in the underlying asset then you shouldn’t worry about how low it goes in the short term. I think the biggest risk for XRP holders right now is missing out on the bull run. Things are setup for huge pumps but XRP is sitting close to its multi year lows. It’s really too bad. i feel for everyone that invested in this coin - most chose it because of the fundamentals but you would’ve have been rewarded better had you just chose any of the other useless top alts.
  24. You're insane. Just because an asset dips, doesn't mean it's a buy.
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