Charting the course of XRP

[Troote]

And there goes! 

A minute of silence for our fallen comrades.

PS: this includes FTX US...

Edited November 11, 2022 by Troote

[Guest]

 

 

[Davy95]

17 hours ago, xrp-nuke said:

And no Kind Regards? What happened Davy?

hahaha, I usually put it on longer messages.

Personally I think we're in for the last dip and then going for a massive bull run (not for the scammy assets of course). I'm optimistic, I have all my xrp on the xrp ledger.

Kind Regards,

Davy

[MalluJohn]

Things are going real crazy in this space as we speak. I took all my crypto out of exchanges. Had it in Binance which seems to be OK at the moment. Withdrew everything out of there. Who knows what's in store. Better safe than sorry. Really sorry for the guys who lost their funds. Hope you get it back one day.

[MalluJohn]

Sounds quite like an inside job.

[xrp-nuke]

6 hours ago, MalluJohn said:

Sounds quite like an inside job.

Mt Gox of 2022

[Troote]

10 hours ago, MalluJohn said:

Better safe than sorry. Really sorry for the guys who lost their funds. Hope you get it back one day.

I wish otherwise, but in my mind, it's a write-off. Especially with today's hack/drain (this morning, someone withdrew all the remaining crypto and funds that FTX held). It's not coming back and people will have to earn their loss all over again. Or win the lottery.

I need to talk to my accountant but I hope I'll be able to record this as a loss, which would then be deducted from future investment profits. That would make the pill a lot easier to swallow.

Edited November 12, 2022 by Troote

[MQB]

On 11/11/2022 at 8:38 AM, Ripley said:

 

 

To me this signals the bottom must be close.

Wait a month or two, All In!

[Guest]

1 hour ago, MQB said:

To me this signals the bottom must be close.

Wait a month or two, All In!

Nope. Not even close. We still have a long way to go before bottom IMO. 

We just saw the easy frauds fail. Crypto is still highly overvalued. Rewards are a lie. Most of the so-called “utility” is just self dealing with leverage. They will all have to mean revert. 

Wait until recession hits. 

That doesn’t mean we will see brutal rallies. But we have a ways to go. 

Edited November 12, 2022 by Ripley

[xrp-nuke]

29 minutes ago, Ripley said:

Nope. Not even close. We still have a long way to go before bottom IMO. 

We just saw the easy frauds fail. Crypto is still highly overvalued. Rewards are a lie. Most of the so-called “utility” is just self dealing with leverage. They will all have to mean revert. 

Wait until recession hits. 

That doesn’t mean we will see brutal rallies. But we have a ways to go. 

Disbelief in play

[Davy95]

7 hours ago, Troote said:

I wish otherwise, but in my mind, it's a write-off. Especially with today's hack/drain (this morning, someone withdrew all the remaining crypto and funds that FTX held). It's not coming back and people will have to earn their loss all over again. Or win the lottery.

I need to talk to my accountant but I hope I'll be able to record this as a loss, which would then be deducted from future investment profits. That would make the pill a lot easier to swallow.

I'm very sorry to hear that. I don't manage alot of capital but I've taken serious ugly losses. It felt bad even when the only one to blame was me. I hope you can recover it with wise investing. Don't try to rush it though. Best of luck to you.

11 minutes ago, xrp-nuke said:

Disbelief in play

I think maybe in the coming months but not yet. The stock market certainly has shown some signs of recovery.

 

Kind Regards,

Davy

[xrp-nuke]

58 minutes ago, Davy95 said:

think maybe in the coming months but not yet. The stock market certainly has shown some signs of recovery

Than anger!

[Zerosh]

2 hours ago, Ripley said:

Nope. Not even close. We still have a long way to go before bottom IMO. 

We just saw the easy frauds fail. Crypto is still highly overvalued. Rewards are a lie. Most of the so-called “utility” is just self dealing with leverage. They will all have to mean revert. 

Wait until recession hits. 

That doesn’t mean we will see brutal rallies. But we have a ways to go. 

I agreed on the statement "rewards are a lie", I've always feel fishy on the high returns on "lending", it almost feels like a no brainer when you compare it to the rate traditional banks offers, while it is tempting to also lend out your crypto for the returns just like everyone else, it seems i am the one of the few who decided not to do so, following the adage "not your keys not your coins", despite how long or reputable the exchange has been standing, heck FTX was the 2nd largest exchange and poof it just gone like that. Also remember Celsius anyone? Celsius was on my lending list but at the end i did not do it.

At the end, cryptos in your ledger is the best safety and peace of mind, didnt regret that by missing out on the rewards.

[MQB]

3 hours ago, Ripley said:

Nope. Not even close. We still have a long way to go before bottom IMO. 

We just saw the easy frauds fail. Crypto is still highly overvalued. Rewards are a lie. Most of the so-called “utility” is just self dealing with leverage. They will all have to mean revert. 

Wait until recession hits. 

That doesn’t mean we will see brutal rallies. But we have a ways to go. 

If you're talking about XRP, yes it's a long way to go to the bottom together with thousands of shitcoins, ETH included, maybe another year at least. Most of them are just vapeware, anyways.

However, BTC bottom ain't that far away.

We have been in a recession for quite some time now. All economy numbers/inflation/CPI are all but a big fat lie. Heck the election is a lie and the pResident sitting in the oval office is fake and we have a woman appointed to the supreme court who can't tell a male from a female. What a time to live in a matrix!

[xrp-nuke]

I know exchanges like: Bitstamp, Kraken, Poloniex, Coinbase, Gemini they are here for 10+ years and very well known. Probably they do not have so much liquidity, and some are purely spot trading, so far they are about trust.

What I do not get, why people got so much into exchange that came into light like 2 years ago from nowhere with some dude that noone known before? For 2 years some praised SBF and some TA guru advertised FTX, but in last two days everyone become FTX expert, noone before questioned Alameda CEO and noone drilled down into FTX affiliated company, but for some reason, now everyone is the expert.

One thing stays true: people have short memory.