Khalel456 Posted January 10, 2021 Share Posted January 10, 2021 Hi all. First time poster and long time Hodler. Was hoping to get some advice as to what to do with my XRP on Coinbase. The majority of my XRP is on Coinbase and although not a large investment like most I was hoping to see a return at some point. What should I do before the 19th? a) Withdraw xrp at 60% loss b) Leave XRP in Coinbase until after SEC hearing c) Trade at a loss Also is there any way that I could lose access to my XRP on Coinbase? Thank you in advance. Would be good to hear what others have/will do. Link to comment Share on other sites More sharing options...
SquaryBone Posted January 11, 2021 Share Posted January 11, 2021 Move to a different exchange? (Kraken?) Or to a hardware ledger/... I don't get what you mean with withdraw at 60% loss. First decide if you want to hold or not (how much risk are you taking on? all your savings? ...) Then either sell at a loss (partially or fully) and/or move the coins out to either another exchange or hardware wallet. Link to comment Share on other sites More sharing options...
JJJ2 Posted January 11, 2021 Share Posted January 11, 2021 10 minutes ago, SquaryBone said: Move to a different exchange? (Kraken?) Or to a hardware ledger/... I don't get what you mean with withdraw at 60% loss. First decide if you want to hold or not (how much risk are you taking on? all your savings? ...) Then either sell at a loss (partially or fully) and/or move the coins out to either another exchange or hardware wallet. he means that he has bought high(around 1$) thinking it will go further up. Link to comment Share on other sites More sharing options...
Khalel456 Posted January 12, 2021 Author Share Posted January 12, 2021 Thank you for the replies. You’re right I brought too high and will lose 60% of my initial investment if I sell now. Also isn’t their a possibility that other exchanges do the same to XRP? Link to comment Share on other sites More sharing options...
Jack21 Posted January 15, 2021 Share Posted January 15, 2021 On 1/13/2021 at 5:37 AM, Khalel456 said: Thank you for the replies. You’re right I brought too high and will lose 60% of my initial investment if I sell now. Also isn’t their a possibility that other exchanges do the same to XRP? I learn through my 11 years trading that never sell when you are in loss unless you really really need money. If you want to sell, wait until you are in profit. If exchanges want to stop their US customers trading XRP, they already announce that in advance. Link to comment Share on other sites More sharing options...
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