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Showing results for tags 'price speculation'.
Just saying. I think we'll se a major fast and sharp sell off with re-bounce. Could spike as low as 0.10. For the adventurous, put some limits ahead (beware of low liquidity, not too much $ at one price). Timeframe 2-8 days from now. Let's see if I'm right. Just my 2 cents, no advice.
I am actually beginning to understand all the price drops. a. no commercial usage b. XRP not being going to be used by banks myth ( corrected the word) c. Chinese money are not coming in (and Koreans losing faith) You have probably seen these two reasons quite often by trolls FUDs, etc., but here's one that I have found so far and it is quite funny. d. Thanks to fast transaction speed of XRP, people are sending in XRP to buy NEO, OMG, etc. I don't know if I should be laughing or angry because in one perspective, ppl. are well aware that XRP is fast, unmatchable to other coins like BTC and ETH. LIke I have mentioned in several other posts, we, Koreans, have only 6-8 coins to trade in domestic exchange markets. What we must do to purchase these NEO, OMG, etc. is to: 1. buy XRP from Korea and then send it to Poloniex, Bittrex, or w/e 2. sell them for BTC 3. Buy OMG, NEO, and all the other pumped alts. Do you see how all these puzzles are coming together? This just stung me today. This explains the mad XRP / BTC drops in Poloniex all of sudden, and decrease in XRP / KRW volume. So, the downside is, XRP / BTC will keep going down unless price surge for NEO and OMG stops and Koreans or any other countries buy back XRP so that they can send their money back to their domestic exchanges. It's just a personal speculation of mine, and I would like to say that ppl. shouldn't be worried as much as they should be. Yes, we will keep seeing the price drops, even until end of the month, or even until new announcements are made in mid Sept., but it will rise again.