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Title: Ripple Sell-Off Post by: MAGsecurities on February 20, 2018, 10:52:07 PM XRP just started taking a dive. Anyone have any ideas, other than technical breakdown of support back on 2/18? Any major news just break, or is this just simple trader psychology? My guess woul be the latter
;) P.S. Long term Ripple HODLer Title: Re: Ripple Sell-Off Post by: joeydangerous on February 20, 2018, 11:15:33 PM XRP just started taking a dive. Anyone have any ideas, other than technical breakdown of support back on 2/18? Any major news just break, or is this just simple trader psychology? My guess woul be the latter Just looks like it's going to just be a normal pump and dump that Ripple does. I don't have any investments in Ripple.;) P.S. Long term Ripple HODLer Title: Re: Ripple Sell-Off Post by: Brothersav on February 20, 2018, 11:21:48 PM XRP just started taking a dive. Anyone have any ideas, other than technical breakdown of support back on 2/18? Any major news just break, or is this just simple trader psychology? My guess woul be the latter ;) P.S. Long term Ripple HODLer Considering 12 months ago ripple was 25cents and 24 months ago it was worth half a cent I don't blame people taking profit. If there's no news coming out I don't see why it should increase invalue except speculative growth. Just curious, what price did you buy into? Title: Re: Ripple Sell-Off Post by: MAGsecurities on February 20, 2018, 11:55:00 PM XRP just started taking a dive. Anyone have any ideas, other than technical breakdown of support back on 2/18? Any major news just break, or is this just simple trader psychology? My guess woul be the latter ;) P.S. Long term Ripple HODLer Considering 12 months ago ripple was 25cents and 24 months ago it was worth half a cent I don't blame people taking profit. If there's no news coming out I don't see why it should increase invalue except speculative growth. Just curious, what price did you buy into? I'm building a long-term position and plan on continuing. I've purchased 3 large blocks so far. One at 0.75, another at 0.89, and my most recent at 1.05. I understand people profit taking, it's not a bad idea at all. Crypto trading is extremely simplistic from a technical analysis standpoint, especially for someone with a long history in securities (me lol). I'm not worried about the long-term, I won't be selling for quite some time, years probably. But I am interested in nabbing up as much as possible in the 0.50-1.25 ish range, at opportune times. I'm sure I'll be glued to the screen for the next several hours at least. Anyway, best of luck trading everyone ;D |