[XRP] Ripple Speculation

[Zegra]

Thre is a reoccuring thought that most get when price goes up then comes down ..." if only i sold some then and bought more back now ,id have more " but it doesnt work in your favour much and most will end up losing more XRP

Stop thinking about it, let it go up..up..up n down...bad panic decisions lead you away from the plan...always stick to the plan  

For me this has worked greatly though. The key is just patience. You can look at patterns to see how much the whales usually pump up this coin until the next consolidation phase. If you place a sell order with an automatic buy order on closure (you can do this on Kraken), there is little risk, if you don't do it with 100% of your Ripple. Last night for example my limit sell order executed at about 0.000096, but instead of then filling up my limit buy order at 0.000093 it kept pumping until nearly 0.000150. Thought the market had left without me. I was satisfied with my huge profits (and knowing I had still a lot of XRP left, which I can let pump with zero risk because I already realized enormous profits, so it can dump and I wouldn't care or it can pump to the moon with all the good news of the next years) but now this evening there was a correction and some whale cashed out or some "weak hands" panic sold into my buy order. I'm now fully in again anyway Even though I was only partially into the first launch into +10k territory.

Moral of the story: the correction, or flash dump because someone cashes out always happens. Patience is key with trading. And with the speed of this XRP market you don't need thát much patience hahahahah

[worthy1]

Seems to be following the same path as yesterday. Seems people are having fun within a 1000sat sandpit, sometimes going over or under but making their daily gains again there.

They will then do one final buy with the days trades, let it climb and then bang DUMP and start all over again tomorrow. This is where we need to be careful as they are happy to see it rise and then dump on it and we don't want to get caught buying on that rise, just hold strong and hope that they will outplay themselves each 'stable' rise, get bored and move to another coin to let ripple do what it wants

[Mrpumperitis]

Thre is a reoccuring thought that most get when price goes up then comes down ..." if only i sold some then and bought more back now ,id have more " but it doesnt work in your favour much and most will end up losing more XRP

Stop thinking about it, let it go up..up..up n down...bad panic decisions lead you away from the plan...always stick to the plan  

For me this has worked greatly though. The key is just patience. You can look at patterns to see how much the whales usually pump up this coin until the next consolidation phase. If you place a sell order with an automatic buy order on closure (you can do this on Kraken), there is little risk, if you don't do it with 100% of your Ripple. Last night for example my limit sell order executed at about 0.000096, but instead of then filling up my limit buy order at 0.000093 it kept pumping until nearly 0.000150. Thought the market had left without me. I was satisfied with my huge profits (and knowing I had still a lot of XRP left, which I can let pump with zero risk because I already realized enormous profits, so it can dump and I wouldn't care or it can pump to the moon with all the good news of the next years) but now this evening there was a correction and some whale cashed out or some "weak hands" panic sold into my buy order. I'm now fully in again anyway Even though I was only partially into the first launch into +10k territory.

Moral of the story: the correction, or flash dump because someone cashes out always happens. Patience is key with trading. And with the speed of this XRP market you don't need thát much patience hahahahah

agree m8 and well done on your trades
only thing i would add is good trading comes with experience and a small dose of luck....
i lost alot but stuck at it and am doing not too bad now...took nearly 5yrs lol

safe option for noobies...buy hodl...be an investor....
trading is hard work...high risk with high reward...

ps..btc going up again....it will end up in XRP soon
ouch 4 eth ...it might be going down more

[Zegra]

lost a lot too my first year. Well not really a lot but was only trading Bitcoin (the altcoin market wasn't that big yet, there was only LTC, NMC, ...). Tried to sell on dumps as well (even if they were below my buy level) because I reasoned if I buy back even lower I will be in profit anyway. But then you have the market moving in the wrong direction and I panic buy. And a few minutes later it starts dumping so much it would have been below my sell order. So I panic sold again. And then it moves up again... lost more than a full bitcoin that way. So I decided to stop trading and hold instead. Had to wait 2 years until the price of Bitcoin was high enough to make some profit and then I sold just enough of my Bitcoins to be breakeven. Had very little bitcoins left. Went all in on Ripple and became a bigger fish than I've ever been before now. It's like the guy above (Satoshi, of course ) gave me a second chance. All thanks to this coin!

Guess everyone has to make these mistakes to learn patience. Actually Ripple is teaching me to resist panic buy/sell. The orderbook of Ripple is so thin it feels like ropedancing on a small thread. Dumps and pumps are so common I get emotionally detached from them these days, which is good I guess.

[Mrpumperitis]

Trolls n a box..trying to use this stupid story as fud to get XRP cheaper..lol...with btc price going up....noobies are falling for it...hodl or buy at 8200+  buy more if under 8000
do not short under 8400 imo
XRP needed this...we were running out of fuel for the next rise (now you know what i mean Mr R m8 lol)

news.


England: Central Bank had decided to work with Ripple


https://bestofbtc.com/discussion/166/england-central-bank-had-decided-to-work-with-ripple?new=1

lol wierd newstory imo , so is the source
*Players in the fintech field have accused the central bank of appearing not to have conducted proper due diligence when selecting its partners .......lol someone jelly.....
*Peter Randall, the founder and CEO of rival startup SETL,  <----- ahh its new goldman sachs bankers coin setl lol they want bank of england to use their tech and the best fud they could find was a 2yr ago fine of $700k...lols  
its no secret BOE working with XRP, so dunno why these guys are acting like it is...guess they missed the memo...lol

Bank of England working with XRP!!

http://www.bankofengland.co.uk/publications/Documents/news/2017/029.pdf
17 March 2017

Ripple:Ripple’s solution is built around the open and neutral Interledger Protocol and serves to power interoperable payments across different ledgers and networks. We are conducting a PoC with  Ripple to demonstrate the synchronised movement of two different currencies across two different RTGS systems in particular to show how this kind of synchronisation might lower settlement and improve the speed and efficiency of cross
border payments.

[Mrpumperitis]

aaaaaaand its gone

Connection Error

Sorry, we're unable to connect to the server at the moment.
Please try again in a few minutes.

polo offline again..lol SBI VC cant open soon enough

[worthy1]

aaaaaaand its gone

Connection Error

Sorry, we're unable to connect to the server at the moment.
Please try again in a few minutes.

polo offline again..lol SBI VC cant open soon enough

Does that explain the drop? didn't seem like a usual dump, more a sell off or correction down. weren't there talks that polo crashed it last time to reap some profits....

[yefi]

Man, fucking Polo. They're making, what, over a million a day and they still can't get their shit together.

[Mrpumperitis]

yeap to both posts above...

offline again lol...mickey mouse is controlling polo servers...not good image for all crypto

damn eths getting destroyed...maybe after seeing XRP @ #2 today some saw a glimpse of the future for the first time...maybe eth and btc funds coming to XRP  


trex XRP over 10k


whats that been like 30min offline for polo...hope we not seeing another, gox,mint,craptsy moment

[worthy1]

I never have a problem with bitstamp. It did crash the price but no less than last night, sitting between 9000-10500 sats (14.5-16.5c) hasn't dropped further than that.

[Mrpumperitis]

I never have a problem with bitstamp. It did crash the price but no less than last night, sitting between 9000-10500 sats (14.5-16.5c) hasn't dropped further than that.

to avoid future polo problems,
 im moving some of my btc to Bitstamp...gonna show them some love     
would be nice to see XRP on BTCE..Coinbase, Gemini and others too...im guessing this will happen soon

yea agree m8

[shintosai]

yeap to both posts above...

offline again lol...mickey mouse is controlling polo servers...not good image for all crypto

damn eths getting destroyed...maybe after seeing XRP @ #2 today some saw a glimpse of the future for the first time...maybe eth and btc funds coming to XRP  


trex XRP over 10k


whats that been like 30min offline for polo...hope we not seeing another, gox,mint,craptsy moment

polo might really wants to control its happen a month ago when xrp went to 7k then the site went down and after that
the next thing happen everything went to its retrace lucky for those who still believes and start accumulating long wait
has been paid off i guess if the price fall down its better to buy and keep buying then wait for the price to went up to
1$ a piece.

[Mrpumperitis]

yeap shinto


polo back online...rebound up big time btw

cmon lets smash past 1500 

[ZenithWombat]

yeap shinto


polo back online...rebound up big time btw

cmon lets smash past 1500 

I'm new to this industry and I'm still learning. It is disconcerting that an exchange server crash can have this much effect on the entire crypto market. It seems ironic and a bit antithetical to the whole "decentralized" concept that one online entity can have such a huge influence on crypto pricing.

On another note, mrpumpertitus- what other coins do you like? I've been buying ripple and ethereum. I've liked the posts I've from you so I'd be interested in what other coins you hold.

[Stell]

I lost a lot of money today with this ripple crash  
Hope it will rise again  

It doesn't look good 

[vanhalendlrband]

yeap shinto


polo back online...rebound up big time btw

cmon lets smash past 1500 

I'm new to this industry and I'm still learning. It is disconcerting that an exchange server crash can have this much effect on the entire crypto market. It seems ironic and a bit antithetical to the whole "decentralized" concept that one online entity can have such a huge influence on crypto pricing.

On another note, mrpumpertitus- what other coins do you like? I've been buying ripple and ethereum. I've liked the posts I've from you so I'd be interested in what other coins you hold.

This post is brilliant. I never even thought about the irony. It sure doesn't seem so decentralized in this case does it? Very interesting post

[worthy1]

Its also reported that bitcoin dipped during brexit and when trump was electe. Wasn't watching other coins then to know but it worries me why cryptos are affected by news/world events when one of their attractions is they aren't meant to be. Makes me wonder what will happen if WWIII kicks off....

Exactly why I said that other coins will be effected if Bitcoin takes a tumble (but was called a troll)

[ExponentialGrowth]

So where does everyone think this will be in a week from now? A month?

[ZenithWombat]

yeap shinto


polo back online...rebound up big time btw

cmon lets smash past 1500 

I'm new to this industry and I'm still learning. It is disconcerting that an exchange server crash can have this much effect on the entire crypto market. It seems ironic and a bit antithetical to the whole "decentralized" concept that one online entity can have such a huge influence on crypto pricing.

On another note, mrpumpertitus- what other coins do you like? I've been buying ripple and ethereum. I've liked the posts I've from you so I'd be interested in what other coins you hold.

This post is brilliant. I never even thought about the irony. It sure doesn't seem so decentralized in this case does it? Very interesting post

Maybe we need someone to create a decentralized network for crypto trading, keeping our balances on the block chain with multiple independent exchanges accessing these ledgers... if possible. Again I'm pretty new to this.

[kawacaki]

we need Lykke! thats why i am such a lykke fan, decentralized and safe, zero fee.
i trade by using their phone app.of course it needs some work and time.
i am with ripple since it was €0,005, and right now i invest all i can in lykke. (since i have enough ripple)