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Charting the course of XRP


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Posted (edited)

This is a great example of automated trading going in overdrive mode. Exchanges were down, nobody could actually buy/sell, this was just bots going nuts, margin calls and leveraged positions getting liquidated. A rudderless f*ckery of epic proportion.

I am just 25% below my holdings ATH and well in the green, which is mind blowing considering the dump we just witnessed. What a ride...

Edited by Troote
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It seems now there is a very big price gap between different exchanges. For example, in Bitstamp, xrp is close to 1.24 while in Binance it is 1.88. What's the reason of this?

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1 minute ago, hsc said:

It seems now there is a very big price gap between different exchanges. For example, in Bitstamp, xrp is close to 1.24 while in Binance it is 1.88. What's the reason of this?

Arbitrage bots went crazy and wiped out the owners who didn't switch them off. They will be switched back on to bring balance to the Force. Soon.

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3 minutes ago, hsc said:

It seems now there is a very big price gap between different exchanges. For example, in Bitstamp, xrp is close to 1.24 while in Binance it is 1.88. What's the reason of this?

Sorry, I mean 1.18.

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28 minutes ago, Troote said:

Arbitrage bots went crazy and wiped out the owners who didn't switch them off. They will be switched back on to bring balance to the Force. Soon.

Did you sell? I saw you thought 38k was your exit for all your crypto holdings. Can imagine you couldn’t even if you wished because all the exchanges were down. 
Or do you have hope for better times?

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