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Zerpening Part 2: The Sequel


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I keep noticing over the last few weeks that the USD keeps falling vs the EUR as soon as there is a crypto blood bath. Happened every time and still going now, was at 1.23 a few days ago, is now at 1.27. Was at 1.20 before the two awful days 2 weeks ago, wen to 1.23. Been pretty stable in between. Maybe a coincidence but this is very accurate since January. Interesting.

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Just now, teddybear said:

Like, crypto market has an impact on "traditional" markets you mean?

No the impact of other markets (stocks, bonds, commodities) on cryptos.

I would agree that cryptomarkets don't matter much in the big picture for the time being.

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Im putting in buy orders between .6 and .65.

1) I do not see anything logic driven contributing to this trend. The fundamentals are still there and unchanged 

2) If we look at the market cap high (around 820Billion) then a market cap of around 328Billion would imply a drop to the lowest fib line from the high 

3) If we assume XRP is going to keep moving in ratio with that then we would be looking at a price per XRP of around .625 or thereabouts should we hit 328billion in market cap 

4) From a BTC standpoint the same assumption would mean we end up around 7k USD which seems to be inline with some of the non apocalyptic theories floating around 

Im logic driven and the above is the only logic I can see in all of this. Are we some 60 or so billion away from bottom? 

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4 minutes ago, Benchmark said:

No the impact of other markets (stocks, bonds, commodities) on cryptos.

Meh... I doubt that. My feeling is that there is practically no correlation. The overall stock market has done nothing bu going up low-volatility-style last year. The crypto market has had multiple bull runs and crashes.

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2 hours ago, Mbetti said:

Okay. Poont is: 405 billion compared to 800 when there was rise. Check global money data - graph is same as any currency. So, either new money will come, or no. If not, it's down movement. All Crypto follow this, not one remains untouched. So actually, this shows unmature market, since all Crypto reacts the same way. There is not ONE that stands out and keeps the price no mather the other market. All coins treated the same way by market. That's f.. up. That means that it does not matter if we have Neo or Xrp or btc.. Because if it's falling, even the best crypto is falling. Hope this will change in future 

https://coinmarketcap.com/currencies/digixdao/  :D

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2 hours 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.

 

It is best we can do!

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I think BTC will go down to around $5000, drag all others with it and stay around that level for some time until its it clear to the market that it has bottomed, after that we will go up slightly again untill fomo kicks in and we shoot up again. But XRP can indeed go down in to the $0.4 / $0.3 levels. 

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2 minutes ago, Ripple-Stiltskin said:

I will re-assess next sunday morning. Cup of coffee, see what weekend has brought us. With this huge volatility right now any decision could be wrong( but doing nothing also could be) . The saying is :  “while being shaved you have to sit really still” 

Probably for the best.. one month back was completely different, so it may be one month ahead.

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