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$7400 to $6950: Bitcoin drops 2% in 30 Minutes


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https://www.ccn.com/7400-to-6950-bitcoin-price-drops-2-within-30-minutes-in-crypto-market-bleed/

I take a quick nap...and now XRP is $.3058. I sold. Should've sold at ATH and if not then, when it dropped below $1.00 and didn't stop. I'm not done- just watching for now. What pisses me off is that Bitcoin is in some ways the cause but it "only" drops 2% while the altcoins get hit by a truck. It would be interesting to hear what you guys do, if anything.

Edited by Deeznutz
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1 minute ago, Deeznutz said:

https://www.ccn.com/7400-to-6950-bitcoin-price-drops-2-within-30-minutes-in-crypto-market-bleed/

I take a quick nap...and now XRP is $.3058. I sold. Should've sold at ATH and if not then, when it dropped below $1.00 and didn't stop. I'm not done- just watching for now. It would be interesting to hear what you guys do, if anything.

i'm only in red with my last buy at 0,29... other stash is still secure in green area :D  but still pi ss ing blood :) 

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XRP would need to drop below 25 cent for me to be in the red but even then it would be a signal for me to buy more.  I mean who wouldn't want 4 for 1 zerps.  So I am hoping it dips that low again before the rise. I will still buy but not as much if it were to dip at or below .25

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remember that 110 000btc wallet raised from the dead after 4 yrs a few days ago?

chunking it out to wallets/exchanges

could be him doing us a favour

get em while they're cheap

it may be a humptydumpty ride till hes done doing whatever the bleep he doing

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12 minutes ago, Deeznutz said:

To wait for it to drop more and buy back in. That's what I believe will happen. If I'm wrong, well, that's on me. Every time it drops, I've hodled- losing more and more. This time we'll see what happens.

That's a dangerous game you're playing there, young man.

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As soon as the ~15,000 BTC got moved the other day the USD/BTC short contracts on bittrex jumped almost 50% higher in a single day.  I think we are headed to the teens.  Plus I'm not sure what actually drove the rally to $7400...to me that looked like a complete bull trap.  No news.  No volume.

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Young man? You know how old I am?  Look, I'm interested in hearing what, if anything, you guys choose to do. Don't need the amateur investing advice, which is what you're indirectly  doing. I am fully aware of the risks and this choice fits  what I'm comfortable with. HODL no matter what may be not always the right choice. Notice how after January we never heard from some forum members again?

 

28 minutes ago, icebreath said:

That's a dangerous game you're playing there, young man.

 

Edited by Deeznutz
Grammar.
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3 minutes ago, Deeznutz said:

Young man? You know how old I am?  Look, I'm interested in hearing what, if anything, you guys choose to do. Don't need the amateur investing advice, which is what you're indirectly  doing. Iam fully aware of the risks and this choice fits with what I'm comfortable losing. HODL no matter what may be not always the right choice. Notice how after January we never heard from some forum members again?

 

 

THIS... 

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I'm not sure why BTC wouldn't get shorted down to $2500, which is where it was before Tether started effectively printing money. I'm also not sure what use case it's currently doing a good job of fulfilling. I fully expect it to bleed out, and drag down XRP with it. 

That won't matter in 2-3 years time though when the XRP Ledger is at the centre of an institutional-grade remittance ecosystem. 

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14 minutes ago, Deeznutz said:

Young man? You know how old I am?  Look, I'm interested in hearing what, if anything, you guys choose to do. Don't need the amateur investing advice, which is what you're indirectly  doing. I am fully aware of the risks and this choice fits  what I'm comfortable with. HODL no matter what may be not always the right choice. Notice how after January we never heard from some forum members again?

 

 

Calm down. I was half joking. I've done the same thing you're trying to do in the past and it wasn't for me. Too much stress. The first time i increased my stack a little bit but the second time i got greedy and impatient and i ended up losing a number of zerps (fortunately not much). I'm not trying to tell you what to do but keep in mind that is very stressful and you have to be patient in order to succeed in this kind of game.

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probably the fear of (1) the Big "New" Whale moving funds into an exchange (not he himself causing it, but panicing others) and (2) inside info of more ETF bad news coming

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