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Clue From NASDAQ ?

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4 hours ago, mariusthegreat said:

The greatest post in the history of XRP chat..? 

 

Quite possibly ???

I agree its a solid post and funny as f...! But guys how are anti $589 EOY is tearing this forum apart! 

 

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XRP will be $10 in the short term future, in the meantime I am increasing my holdings big time! Probably not December but sometime I can deal with. Its better than keeping money in the bank or in a safe. 

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1 hour ago, VanGogh said:

Who would invest in crypto if they didn't think there was a massive, "massive" upside? Stocks would be a far safer bet if all you were hoping to get is a double or triple. A relatively savvy trader can play the pot stocks for that right now. "Smart" is a very relative term and most often illuminated in retrospect. The year is not over; the most productive month and a half still lie ahead. Hold tight.

?? What does any of that have to do with the wise choice being sell at $3+ buy back at .50? 

That would have been wise in hindsight I was not wise lol.

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51 minutes ago, XRPJoe said:

XRP will be $10 in the short term future, in the meantime I am increasing my holdings big time! Probably not December but sometime I can deal with. Its better than keeping money in the bank or in a safe. 

Define sometime if you would.

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1 hour ago, johnlogan said:

I agree its a solid post and funny as f...! But guys how are anti $589 EOY is tearing this forum apart! 

 

Are we still actually saying $589 could happen this is crypto? Come on now it isnt.

Edited by pumpndump

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15 minutes ago, pumpndump said:

?? What does any of that have to do with the wise choice being sell at $3+ buy back at .50? 

That would have been wise in hindsight I was not wise lol.

The point is that if you are only in it to sell at $3 I don't believe you are the "smart" money, irrespective of the fact that it later dropped in price. Anybody can be smart in retrospect. It would be much wiser to move your money to the much more time-tested stock market if you think only $3+ is the near future potential. And, yes, anything is still possible in crypto this year, even $589.

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5 minutes ago, VanGogh said:

The point is that if you are only in it to sell at $3 I don't believe you are the "smart" money, irrespective of the fact that it later dropped in price. Anybody can be smart in retrospect. It would be much wiser to move your money to the much more time-tested stock market if you think only $3+ is the near future potential. And, yes, anything is still possible in crypto this year, even $589.

Ok well we disagree on just everything :)

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2 hours ago, johnlogan said:

I agree its a solid post and funny as f...! But guys how are anti $589 EOY is tearing this forum apart! 

 

I mean this with the utmost respect, I want profits as much as the next guy, but I’m not tearing anything apart except my wife’s brown star at times ?

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11 minutes ago, BecomeRich said:

I mean this with the utmost respect, I want profits as much as the next guy, but I’m not tearing anything apart except my wife’s brown star at times ?

Chocolate starfish! and hot dog flavored water!

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2 hours ago, pumpndump said:

Define sometime if you would.

1. if you sell and the price goes up... SOL...However you are right if you sold back at all time highs you would probably be better off in terms of a cash position to buy in again at a lower rate. However at the time everyone was pumping BTC to 100K etc.. Didn't John Mcaffee say he was going to eat a body part by now  LOL. 

 If the market swung in the opposite direction and continued its bull run you would be SOL. We had no idea... 

2. You would need transfer your crypto to cash and most likely will be taxed on it before re buying in again.  Plus any exchange fee's etc.. 

I was considering selling but decided against it due to tax liabilities and I thought the drop was temporary and the market was going to climb. For me it was not the right time to sell due to my personal business situation.  I was not in the mood to just hand over %48+ of my gains in TAX. I would rather ride out the paper losses and accumulate more, because I know in the future the market will comeback roaring, it always does. 

With this all said I have a very concise exit plan as everyone should. You should sell at a price you are comfortable with and not look back if the price doubles etc... At the time our guts said stay in the markets and hope for a climb in price and a turnaround. The turnaround never happened and we were left  scratching our heads. 

I'm not beating myself up about it at all. The charts are showing a higher high for XRP in the next real bull market swing. Who knows when this will be. At this point we need to carefully evaluate the situation  and a decision for exit or stay in for a higher price in the future and yes some people will be taking profits all the way up and others will be HODL for the million dollar pay check. And some will be happy with the gains and just sell. It depends on each individual and the gains. I may evaluate the markets after the next bull run and stay in or cash out or just take some profits.. I am not sue yet. 

Someone might be happy with cashing out and making $10,000 or even $100,000 while others are only happy if they can make $1,000,000 like myself. I am actually shooting for 2MM now. When this will happen no one knows. I may ride out a bull and a crash who knows, my life may change and I would be happy with the cash and maybe I will just run with whatever the next run gives. 

Everyone should do research as much as possible, learn about trading, learn about markets,  learn about making your life, future sound and secure with investing. 

And BTW watch this guys videos 

 

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2 minutes ago, XRPJoe said:

1. if you sell and the price goes up... SOL...However you are right if you sold back at all time highs you would probably be better off in terms of a cash position to buy in again at a lower rate. However at the time everyone was pumping BTC to 100K etc.. Didn't John Mcaffee say he was going to eat a body part by now  LOL. 

 If the market swung in the opposite direction and continued its bull run you would be SOL. We had no idea... 

2. You would need transfer your crypto to cash and most likely will be taxed on it before re buying in again.  Plus any exchange fee's etc.. 

I was considering selling but decided against it due to tax liabilities and I thought the drop was temporary and the market was going to climb. For me it was not the right time to sell due to my personal business situation.  I was not in the mood to just hand over %48+ of my gains in TAX. I would rather ride out the paper losses and accumulate more, because I know in the future the market will comeback roaring, it always does. 

With this all said I have a very concise exit plan as everyone should. You should sell at a price you are comfortable with and not look back if the price doubles etc... At the time our guts said stay in the markets and hope for a climb in price and a turnaround. The turnaround never happened and we were left  scratching our heads. 

I'm not beating myself up about it at all. The charts are showing a higher high for XRP in the next real bull market swing. Who knows when this will be. At this point we need to carefully evaluate the situation  and a decision for exit or stay in for a higher price in the future and yes some people will be taking profits all the way up and others will be HODL for the million dollar pay check. And some will be happy with the gains and just sell. It depends on each individual and the gains. I may evaluate the markets after the next bull run and stay in or cash out or just take some profits.. I am not sue yet. 

Someone might be happy with cashing out and making $10,000 or even $100,000 while others are only happy if they can make $1,000,000 like myself. I am actually shooting for 2MM now. When this will happen no one knows. I may ride out a bull and a crash who knows, my life may change and I would be happy with the cash and maybe I will just run with whatever the next run gives. 

Everyone should do research as much as possible, learn about trading, learn about markets,  learn about making your life, future sound and secure with investing. 

And BTW watch this guys videos 

 

You went way off topic. You said $10 in the short future. I said define that 

...meaning define what a short future means? Not all that stuff you posted.

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4 hours ago, pumpndump said:

You went way off topic. You said $10 in the short future. I said define that 

...meaning define what a short future means? Not all that stuff you posted.

My man needed a shoulder to cry on.....lol

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10 hours ago, BiffTannen said:

My timeline may have changed from 3-5 to 5-10, but I've always had a lower EOY expectation. I believe my EOY expectation when that thread was made was $2 something. 

Mine was $3.33.....an astronomical number I know.

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9 hours ago, VanGogh said:

The point is that if you are only in it to sell at $3 I don't believe you are the "smart" money, irrespective of the fact that it later dropped in price. Anybody can be smart in retrospect. It would be much wiser to move your money to the much more time-tested stock market if you think only $3+ is the near future potential. And, yes, anything is still possible in crypto this year, even $589.

If $3 gets someone their goals, then who gives a damn. Like if I had enough XRP for that amount to give me modest financial freedom (my goal), I'd pull the trigger and not look back. What if it hit $3 and then slowly or quickly died from there? The pain of not striking when the iron was hot would far exceed the pain of missing out on whatever gluttonous marginal utility I could've gained by having stupid amounts of money.

It's dumb to act like this is a sure thing. It's dumb to have something life changing going for you and then risking it out of greed. 

Personally, I'm all for a bit of a tiered sell off while watching the market environment like a hawk.  But sometimes the best thing to realize is that sometimes you just need to pull the trigger and live happily ever after.

It's easy to say that the people who sold BTC at $10 were idiots, but anything could've happened from there and hindsight is always 20/20.

Edited by mrhat75

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