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Zerpening Part 2: The Sequel


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Of course BTC is gonna fall as people start realizing that its obsolete compared to alt coins and especially to XRP.

Also, there is no "news" for BTC, so its just sentiment that drives it.

Funny though that we still follow it like a sheep. We are 2.5 x times lower than we were BEFORE the MoneyGram news. So it has been like completely swallowed. We then were at 1.80 and got to 2.25 on the back of the news. Now we sit so much lower whereas nothing has changed. Quite the contrary with Mercury etc.

I dont know if it is also because there is no easy way for some people to buy XRP with FIAT (we can do it with bitstamp it works just fine) but right now we are just following BTC in its downfall, notwithstanding the great news and use cases we have. 

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7 minutes ago, ecent said:

Interesting hours ahead. At least on Bitstamp to my (admittedly untrained chart reading) eyes it looks like if .7 is broken, there is no support between that and .5

 

I’m also untrained in chart reading, but I guess the BTC chart is more important than the XRP chart atm.  But what do I know, its crazy this market.  I will considering buying more below $ 0.5

Edited by Ripple-Stiltskin
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1 minute ago, Ripple-Stiltskin said:

I’m also untrained in chart reading, but I guess the BTC chart is more important than the XRP chart atm.  But what do I know, its crazy this market.  I will considering buying more below $ 0.5

Yes, our zerps are following papa bitcoin like little lambs to the butcher. 

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2 minutes ago, Ripple-Stiltskin said:

I’m also untrained in chart reading, but I guess the BTC chart is more important than the XRP chart atm.  But what do I know, its crazy this market.  I will considering buying more below $ 0.5

While continuing to admit I'm not well versed in chart reading, .5 seems to be the last line of defence for the time being. Reasonably speaking (or potentially speaking from a point of false hope) it seems possible that we hit that and bounce back off of what looks to be a forming strong support line 

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1 hour ago, ripplewaytogo said:

Interesting for those are still hodling, at $4 some said hodl, at $3 some said hodl, at $2 some says hodl, at the current price still many says hodl. 

Well, I just sold everything, and I am going to buy it back lower and gain alot more units comapres to what i had. When all hell goes lose, hodl is not the smartest thing to do.

 

That's not quite right. When we say HODL we mean don't sell and leave the market. You are selling to rebuy at a lower price. That's different  

Nothing wrong with that strategy it's trading. Trading is not for everyone based on the risk of losing on the trade and potential tax issues. You see posts in here all the time from people trying to sell on the way down to buy lower and fail. 

Good luck to you but the HODL strategy is still a good one even in this sort of market. 

It's up to all of us to make our own choices. 

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4 minutes ago, Chewiecoin said:

That's not quite right. When we say HODL we mean don't sell and leave the market. You are selling to rebuy at a lower price. That's different  

Nothing wrong with that strategy it's trading. Trading is not for everyone based on the risk of losing on the trade and potential tax issues. You see posts in here all the time from people trying to sell on the way down to buy lower and fail. 

Good luck to you but the HODL strategy is still a good one even in this sort of market. 

It's up to all of us to make our own choices. 

Agreed. I’ve sold a large portion of XRP yesterday evening and this morning. If XRP had been decoupled from BTC I would never, never done that. But right now it doesn’t feel like a “normal” BTC correction anymore but more like a ongoing crash. My goal is to rebuy back XRP when I feel BTC has reached rock bottom. If that means that I’ll increase my XRP holdings, well, the better for me. Cause still believing in $ 40-$ 100 in 2018, although I’ve always said that this would be without BTC/USDT or regulation crisis. 

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1 minute ago, Ripple-Stiltskin said:

Agreed. I’ve sold a large portion of XRP yesterday evening and this morning. If XRP had been decoupled from BTC I would never, never done that. But right now it doesn’t feel like a “normal” BTC correction anymore but more like a ongoing crash. My goal is to rebuy back XRP when I feel BTC has reached rock bottom. If that means that I’ll increase my XRP holdings, well, the better for me. Cause still believing in $ 40-$ 100 in 2018, although I’ve always said that this would be without BTC/USDT or regulation crisis. 

What buy back price are you targeting?

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3 minutes ago, Plikk said:

What I dont understand is why we are falling twice as hard as bitcoin. Sure we gained more since december, but still...

Also for the first time Asia has lower xrp prices than the rest of the world. Damn

It’s a good question

If you look at most of the dips over the last few weeks we always seem to fall harder than most, my guess would be that during December we grew much quicker than most

So this is just the correction balancing itself out

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