How low are we going here?

[Jbug81 3]

I'm new to crypto,  really since late December 2018, but I'd still like to consider myself an early adopter! I do see this being here to stay and common technology  by the time my new born is a teenager.

But these early days are worrying.  I bought XRP at around 0.38, and now we sit below 0.32.

How low do we go here!  I'm tempted to get more XRP but this slide just keeps sliding! 

[Archbob 1,106]

Depends on how low BTC takes us really.

[XRP-JAG 4,380]

22 minutes ago, Jbug81 said:

But these early days are worrying.  I bought XRP at around 0.38, and now we sit below 0.32.

Pfftt... come back when you brought in at $2.80   

[Jbug81 3]

Hi XRP -Jag,  so sorry,  it's normally me who buys at peak and watches everthing thing tumble. 

Ironically about 12 months ago I had tried to make a purchase of GAME tokens (having read an article about it).  They were worth $4-$5 at the time.

I tried to sign up to an exchange and bank transfer money to pay for the tokens (my first attempted entry into the crypto world)  .  But my bank transfer failed and luckily the money was returned to me. 

I forgot about all things crypto til last month,  where I saw GAME is now worthless!  I would have lost it all. 

This time I have been seduced by XRP.bought 8000 tokens.. ... And as soon as I buy,  down it goes!!  

[ManBearPig 1,232]

Get your puke buckets and buy orders ready!

[Xrpforme 119]

1 hour ago, Jbug81 said:

I'm new to crypto,  really since late December 2018, but I'd still like to consider myself an early adopter! I do see this being here to stay and common technology  by the time my new born is a teenager.

But these early days are worrying.  I bought XRP at around 0.38, and now we sit below 0.32.

How low do we go here!  I'm tempted to get more XRP but this slide just keeps sliding! 

Crypto is the Wild West of investing. People here try to apply technical analysis to crypto, buying “undervalued”, etc. What is undervalued? My opinion is that almost everything is overvalued  because it’s worth 0.   

If you’ve done your homework, the first thing you did right was buy XRP. We, as investors, have one basis to buy- fundamental use case. Nothing else in crypto applies as you would evaluate a stock.  You bought well. .38 is a good entry point. Remember this even if it dives to .2 or less. The entire crypto market is manipulated and controlled. Do not get rattled by the day to day volatility(especially downward). My best advice:

1) Don’t panic sell because it goes down 

2) Dont chase other garbage just because it’s going up. It’s being pumped on speculation with no fundamental foundation. The people making it go up are trying to get a following so they can sell at a higher price later and leave the late comers holding the bag  

3) only sell if you think XRP fundamentals change to the Downside. Right now it is the only crypto asset that has real use case and momentum on utilization.

4) don’t spend anything u can’t lose. I believe we won’t lose but u also may need to tie up $ for awhile. 

Xrp will show true value when it’s intended purpose gets realized. Ie. bank and corporate applications. Remember we are here for the ride and not the priority of Ripple. We just get the benefit for being early adopters. 

Edited January 13, 2019 by Xrpforme

[Helmsdeep 121]

With Bitcoin on its way to nothing over the next couple of years it's hard to say what will happen to xrp . 

Flip a coin 

Edited January 14, 2019 by Helmsdeep

[AlibabaGrp 683]

24c is bottom, if it goes below that, it'll be a wick, it'll be a fast drop to 18c then back to 24+c

Edited January 14, 2019 by AlibabaGrp

[BluKoo 5,928]

16 minutes ago, AlibabaGrp said:

24c is bottom, if it goes below that, it'll be a wick, it'll be a fast drop to 18c then back to 24+c

It's been a rising bottom all year. I don't think it'll go any lower than 28c

[RandyMarsh 161]

1 hour ago, AlibabaGrp said:

24c is bottom, if it goes below that, it'll be a wick, it'll be a fast drop to 18c then back to 24+c

This is a joke, right? I'm concerned new people may not know you are being sarcastic - playing on the fact that no one has a sweet-azz clue where the price will go from here. 

[AlibabaGrp 683]

25 minutes ago, RandyMarsh said:

This is a joke, right? I'm concerned new people may not know you are being sarcastic - playing on the fact that no one has a sweet-azz clue where the price will go from here. 

No I'm not being sarcastic

1- 24c is indeed the bottom because we've visited it in 2018 bear market. I didn't say xrp is dropping to that level again for sure, but anything is possible, even if it's a 20% probability

2- I said 24c is bottom because there's a strong support there and was visited once

3- technically, we have not seen capitulation for Bitcoin yet

4- xrp follows the rest of the market

Edited January 14, 2019 by AlibabaGrp

[orcablue 509]

@Jbug81 Some people actually bought in at over $1 and still HODLing till today.

Profit/loss is only determined at the point of sale. So to avoid making a loss, don't sell at 32c

[2ndtimearound 7,072]

My tip is to pay less attention to your investments. Set price alerts which means you have zero excuses to check the price. There is no need to check the price and you will find it is a good thing to keep a distance between your daily focus and your investments.  There’s no need for that unless you are a (truly) professional day trader. Secure your XRP in cold storage, set price alerts and forget about XRP. 

[Dinoizzy 13,218]

1 hour ago, 2ndtimearound said:

My tip is to pay less attention to your investments. Set price alerts which means you have zero excuses to check the price. There is no need to check the price and you will find it is a good thing to keep a distance between your daily focus and your investments.  There’s no need for that unless you are a (truly) professional day trader. Secure your XRP in cold storage, set price alerts and forget about XRP. 

Thats getting easier to do over time, as it feels to me like anything happening to send us 1$+ is a long way off yet.

 

[djdhrubs 6,476]

10 hours ago, AlibabaGrp said:

24c is bottom, if it goes below that, it'll be a wick, it'll be a fast drop to 18c then back to 24+c

 

8 hours ago, AlibabaGrp said:

No I'm not being sarcastic

1- 24c is indeed the bottom because we've visited it in 2018 bear market. I didn't say xrp is dropping to that level again for sure, but anything is possible, even if it's a 20% probability

2- I said 24c is bottom because there's a strong support there and was visited once

3- technically, we have not seen capitulation for Bitcoin yet

4- xrp follows the rest of the market

Agree with this, hopefully as worst case scenario and if bitcoin goes to low 2k's. 

If bitcoin goes lower, then we'll go even lower.