25k reduced to 3k
- Thread starter Mike Han
- Start date
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
The moment everybody starts panic selling, the whales start to buy.
As a result, there is a trend reverse. The price starts to rise.
Sellers are in disbelieve. Just when they sold!
But hey, "it must be a temporary increase", you hear them thinking.
But no, prices rise more. And more...
They start thinking to buy again, to recuperate some of their losses.
But can't make up their mind. What if it tumbles back again?
So they wait.
It's all over the news now. Prices at are at an all time high, and there is no
sign of stopping this now.
Suddenly they see everybody buying. Yes! Yes! This is the moment!
We're gone be rich. To the moon!
The moment everybody starts panic buying (FOMO), the whales start to sell.
As a result, there is a trend reverse. The price starts to fall.
Buyers are in disbelieve. Just when they bought!
But hey, "it must be a temporary decrease", you hear them thinking.
But no, prices fall more. And more...
So they start thinking of selling.
LOOP
As a result, there is a trend reverse. The price starts to rise.
Sellers are in disbelieve. Just when they sold!
But hey, "it must be a temporary increase", you hear them thinking.
But no, prices rise more. And more...
They start thinking to buy again, to recuperate some of their losses.
But can't make up their mind. What if it tumbles back again?
So they wait.
It's all over the news now. Prices at are at an all time high, and there is no
sign of stopping this now.
Suddenly they see everybody buying. Yes! Yes! This is the moment!
We're gone be rich. To the moon!
The moment everybody starts panic buying (FOMO), the whales start to sell.
As a result, there is a trend reverse. The price starts to fall.
Buyers are in disbelieve. Just when they bought!
But hey, "it must be a temporary decrease", you hear them thinking.
But no, prices fall more. And more...
So they start thinking of selling.
LOOP
Extruser
Regular Member
- Dec 2, 2017
- 289
- 185
Since my little story didn't really answer your question,
here my 2 cents:
Don't switch to Ripple, based on the simple math that it could easily multiply x10,
given the current price and previous all time highs.
Ripple is too much money and power in the hands of just a few.
And it is fairly easy to copy the concept if you have time and money
and the right people. This is already happening.
That doesn't mean it can't follow the trend, but think!
Just like @drehdinho and others said, HODL.
Keep the coins you have.
Maybe some Monero, that's a x10 candidate, short time, for me,
but don't see this as investment advice.
here my 2 cents:
Don't switch to Ripple, based on the simple math that it could easily multiply x10,
given the current price and previous all time highs.
Ripple is too much money and power in the hands of just a few.
And it is fairly easy to copy the concept if you have time and money
and the right people. This is already happening.
That doesn't mean it can't follow the trend, but think!
Just like @drehdinho and others said, HODL.
Keep the coins you have.
Maybe some Monero, that's a x10 candidate, short time, for me,
but don't see this as investment advice.
BabylonCapital
Newbie
- Nov 18, 2019
- 26
- 10
No, Ripple is perhaps one of the worst ideas. Sell your trx and doge on a pump and take the time to actually educate yourself. Start reading content on Telegram channels and watching Youtube at the very least.
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
Cut your losses and get out. Take it as an expensive life lesson.
Or you can roll the dice again and put it all on LINK, XTZ (with staking), or some other 'pumpy' coin. Those high market cap coins like TRX and XRP are absolute junk.
Or you can roll the dice again and put it all on LINK, XTZ (with staking), or some other 'pumpy' coin. Those high market cap coins like TRX and XRP are absolute junk.
- Mar 22, 2013
- 9,148
- 10,491
Just hold. Im by no means an expert, but all coins seem to be losing value lately. But in time theyll go up again. And if they dont, then you should have never invested what you couldnt afford to lose.
bigboyporax
Regular Member
- Apr 13, 2019
- 404
- 160
D
Deleted member 120847
Guest
cash out, the bubble is burst, it sucks but that is that.
Marketsell
Regular Member
- Nov 6, 2019
- 309
- 13
Sorry to hear it man , what is your plan for remain 3k? Cash out?
- Sep 10, 2010
- 11,808
- 26,653
Those who are that much interested in crypto trading till now, I suggest you to go and invest in share market instead. It is MUCH more predictable, and you can actually gain some good return in long/short term. Don't F* around with crypto, you will end up losing all your money.
The lesson is learned, still paying for it now. I could have used that money for other ideas
Thanks
Marketsell
Regular Member
- Nov 6, 2019
- 309
- 13
Wish you good luck , hope it will increase asap
)))))