Charting the course of XRP

[NorCalguy]

Just now, Ramforinkas said:

Depends how you've been buying. I've been DCA for two years, sitting at DCA of about .32. First buy at about 1.1. I did make some large purchases at .21 and .18

Barely in profit right now.

Ha, I got you beat.  My first buy was $1.90 and kept buying all the way down to $0.60.  At some point along the way, I realized that I was red on every buy so I stopped.  See, I'm no dummy.  LOL  Anyways, I going to buy some and still be able to lower my DCA at this price.

[TeeKay]

My first buy was 39cents, 5% of holding. Then I bought all the way down with 70% below 20cents. I am a bottom hunter. Been doing this with equity and precious metals. My method still says one more stab lower as I have posted. But I always start buying before that one more low.

Edited February 13, 2020 by TeeKay

[Ramforinkas]

1 minute ago, NorCalguy said:

Ha, I got you beat.  My first buy was $1.90 and kept buying all the way down to $0.60.  At some point along the way, I realized that I was red on every buy so I stopped.  See, I'm no dummy.  LOL  Anyways, I going to buy some and still be able to lower my DCA at this price.

I know that feeling. Same here for 2 years now, every single buy was shortly red with the exception of a few pumps which quickly retraced. This increase we've seen this year feels different.

I'm still buying right now, even if it raises my DCA. Just wont buy as aggressively as I was when we were under .25ish.

[NorCalguy]

Just now, TeeKay said:

My first buy was 39cents, 5% of holding. Then I bought all the way down with 70% below 20cents. I am a bottom hunter. Been doing this with equity and precious metals.

Not easy to know where the bottom is.   I thought bottom was $1, then $0.70 and then $0.60.  Finally, I gave up buying. Hopefully, $0.19 was the bottom and we'll never see that again. 

[2ndtimearound]

3 minutes ago, TeeKay said:

My first buy was 39cents, 5% of holding. Then I bought all the way down with 70% below 20cents. I am a bottom hunter. Been doing this with equity and precious metals.

Impressive if you've watched XRP since early 2018....if you got in late....like later in 2019, then you're lucky....it's been a long ride down.   It could STILL go either way...the whole thing can still collapse down to 10 cents, or we could make new ATHs.   People are good at saying they called things that've already happened...then I always say to them "OK, chief, what's next?".  So, what's next?!

Edited February 13, 2020 by 2ndtimearound

[User46482]

4 minutes ago, 2ndtimearound said:

Impressive if you've watched XRP since early 2018....if you got in late....like later in 2019, then you're lucky....it's been a long ride down.   It could STILL go either way...the whole thing can still collapse down to 10 cents, or we could make new ATHs. 

I ran out of fiat in 2018, so my DCA is something I don’t even bother looking at. But it’s at least 4x from price is now. 

So my stack is tiny given how much I spent. Worst of both worlds.

But I did have the right timing with VET buying all of it between July and September last year. 

Edited February 13, 2020 by MaxMad

[2ndtimearound]

Just now, MaxMad said:

I ran out of fiat in 2018, so my DCA is something I don’t even bother looking at. But it’s at least 4x from price is now.

But I did have the right timing with VET buying all of it between July and September last year. 

Good one on VET.  I hold some....and I made a profit in 2017 with it too (as VEN).  In retrospect, I got very lucky just accumulating like crazy in autumn of 2017 a whole bunch of tokens.  I profited on some that were proven scams (PRL, SUB to name a couple).  Pure dumb luck, but I didn't know it.  I thought the whole market was based on fundamentals, but the 2 year bear market proved me wrong.  Really, it's a big casino. Still way up overall, but it's been humbling to see how it has unfolded.  Still hoping for a good year this year, but anything can happen.

[TeeKay]

39 minutes ago, NorCalguy said:

Not easy to know where the bottom is.   I thought bottom was $1, then $0.70 and then $0.60.  Finally, I gave up buying. Hopefully, $0.19 was the bottom and we'll never see that again. 

I'm not saying I'm the trader god. But if I can spot 6 out of 10 and the winning out do my cut losses on the losing one, think it is is good enough trade strategy.

[TeeKay]

49 minutes ago, 2ndtimearound said:

Impressive if you've watched XRP since early 2018....if you got in late....like later in 2019, then you're lucky....it's been a long ride down.   It could STILL go either way...the whole thing can still collapse down to 10 cents, or we could make new ATHs.   People are good at saying they called things that've already happened...then I always say to them "OK, chief, what's next?".  So, what's next?!

Sorry miss the what's next question. As I have said my analysis is saying one more low. But that probability is not high. So I started buying before that. I am only 85% in waiting for that one more low to load 100% intended trade. Trade by technical analysis is never certainty but increase your odds of winning. Mine is a combination of ElliottWave, momentum indicator and Price Structure Pattern analysis. What's next? One more low. How low? 0.12

[2ndtimearound]

59 minutes ago, TeeKay said:

What's next? One more low. How low? 0.12

OK, fair enough - you're specific - that's quite refreshing.  Let's see if you are right.  I guess you are selling a decent amount of your holdings now (or soon) to accumulate, right?

[User46482]

.33 now 

[AlexJohanson]

Dropping below 30, are you buying  the dip? 

Edited February 13, 2020 by AlexJohanson

[TeeKay]

51 minutes ago, AlexJohanson said:

Dropping below 30, are you busing the dip? 

I'm buying below 0.22. I'm 63% in. Another 37% to go. Was 85% in, took 25% of that 85% and waiting to go back in. Not too sure if I am gonna get it. If I miss the train, I'll go in with other asset. 

[Caracappa]

2 minutes ago, TeeKay said:

I'm buying below 0.22. I'm 63% in. Another 37% to go. Was 85% in, took 25% of that 85% and waiting to go back in. Not too sure if I am gonna get it. If I miss the train, I'll go in with other asset. 

.22... You never know, but for everyone's sake I hope you don't get to buy in @ those levels again. It would completely invalidate everything and bring us a much longer bearmarket.

[ed1]

1 minute ago, Caracappa said:

.22... You never know, but for everyone's sake I hope you don't get to buy in @ those levels again. It would completely invalidate everything and bring us a much longer bearmarket.

let's see if btc can hang in at above 10K