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How I Made ~$2100 Overnight

Discussion in 'CryptoCurrency' started by JV1999, Apr 2, 2017.

  1. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Hai everyone!

    I luckily struck out! After reading all these crypto hype, I really wanted to gamble on crypto. (The eth and pivx threads really made me jelly!)

    So well I listened to my friends who are into crypto and tried to find something to gamble in (or "invest" ;))

    This story actually starts two months ago when my friends were raving about XRP blowing up in the future.

    I did my research and found out XRP is not a crypto. It's supposed to be a stable coin that people can use to facilitate conversion between currencies (physical or otherwise)

    That means xrp is supposed to stay stagnant for banks to adopt it.

    but this year is big for xrp! Banks were going to adopt it for the first time! And that's why my friends said xrp would enjoy a huge rise in price.

    but me being in gambling mode, I didn't buy xrp yet because I figured it would take until summer or fall to get big. Was planning to buy it "last minute"

    Welp, a few days ago xrp went from 0.007 usd to 0.021! I wasn't keeping track because I had put it off till the summer. My friend bought lots @ 0.007 and was happily telling everyone about the price increase! That's how I found out.

    you bet I felt a large amount of regret!

    But what did I do? My gambling kicked in and I went ahead and bought $2050ish of XRP in hopes it would keep rising. My friend said it would hit 10 usd *haha hahaha riiight*

    This was an f'ing dangerous move because I looked at xrp's historical price and 2 cents is its peak almost every year. Then it usually goes back down to 0.007.

    BUT THAT'S NOT WHAT HAPPENED! I went to bed already feeling defeated that my gambling screwed me but when I woke up, to my surprise XRP IS NOW 0.047 ANDROID RISING! I MADE DOUBLE MY BET OVERNIGHT! Now I have ~$4k in XRP.

    I'm not that much of an idiot. I'm cashing out right now. Not looking back!

    My friend can keep hoping xrp will jump to 10 bucks, and hey it might happen. But I'm not risking that lolol

    u guys can risk it too, it would just raise the price more ;)
     
  2. JV1999

    JV1999 Jr. VIP Jr. VIP

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    I won't lie, I did sorta make this thread to get ppl buying but everything I said was true if you actually take the time to research xRp before posting like someone who does not know what xrp is.

    I was very candid, but whatever I guess you like to post without looking stuff up first.
     
  3. jamie3000

    jamie3000 Supreme Member

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    Apologies, that's why i deleted the post pretty much right after. So much bs around crypto i just assume the worst automatically.
     
  4. back2form

    back2form Jr. VIP Jr. VIP

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  5. darulez

    darulez Jr. VIP Jr. VIP

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    dont worry. as every gambler, you wont stick long to it.

    I hope you invest that money..
     
  6. fun maker

    fun maker Newbie

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    What are the platform do you use for trading?
     
  7. tb303

    tb303 Power Member

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    Very happy with ripple here. Would have liked to have sold more before it crashed Poloniex though.
     
  8. Holykruelty

    Holykruelty Junior Member

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    I was tempted to buy it last night. But I'm new to cryptocurrency and didn't trust the exchange I found lol. Beating myself up over it now
     
  9. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Lol I'm beating myself up for not selling it yet.... It was $0.055... now it's $0.047 again.

    Ugh, it's like there are two sides of me, one that wants to hope it gets to $10, and the other that's screaming at me saying "SELL SELL SELL U IDIOT!"

    I feel like just leaving it there and saying to myself that the $2k was good enough for the adrenaline rush and just take it as a loss if everything goes back down to $0.006 lol. . .
     
  10. JV1999

    JV1999 Jr. VIP Jr. VIP

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    I'm using Kraken, but it's not the best for XRP. It only allows XRP -> <- BTC, which means u have to factor in BTC's current wild prices too. Also there's 4x the fee because u have to trade from USD to BTC (fee) then BTC to XRP (fee) then when u wanna cash out it's XRP to BTC (fee) and BTC to USD (fee).
     
  11. fun maker

    fun maker Newbie

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    then,what are the platform do you recommend me to use,and how you know that if the crypto will go up or down what are your tools and tactics?thanks in advance
     
  12. JV1999

    JV1999 Jr. VIP Jr. VIP

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    find a platform that lets you convert currency to the crypto u want, directly. I guess. . . I'm kinda new to crypto too. I made $3 on eth, and about ~$30 on BTC only just from watching the lows and highs and selling high and buying low.

    I advise just doing research. For XRP I listened to my friends who said stuff was happening this year with banks adopting the currency -- which is why it was likely to go up. So that's how I knew to buy XRP.

    I don't know of any other hot crypto right now except for eth.

    If BTC forks, then obv. :p buy up BTU like there's no tomorrow!
     
  13. Mrkoco

    Mrkoco Power Member

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    I deal with Bitcoins and its been a sweet lulaby so far...... Cryptocurrency is the future...

    @JV1999 sell it now man!!.....Sell it all.... It is very volatile unlike Bitcoin
     
  14. JV1999

    JV1999 Jr. VIP Jr. VIP

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    yeah... it's now at $0.041... *bites fingernails*

    it's pretty volatile. I'm going to ask my friend what he's doing with his $0.007 worth, and i'll decide from there lol.
     
  15. JV1999

    JV1999 Jr. VIP Jr. VIP

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    My friend said to sell.

    If anyone had bought at $0.04, let's all sell guys. don't be greedy :) I'm selling now too.

    Scary af.

    It's at $0.05 now
     
  16. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Here is my total breakdown:

    Yesterday buying BTC @ 1080ish
    1.png

    Buying XRP @ $0.022
    2.png

    Today freaking out and selling XRP @ $0.049ish
    3.png

    And I actually make like $30-$40 on selling the BTC back to USD because BTC is now at $1,100ish because ppl are buying XRP :p and driving BTC up.

    I'm regretting selling my XRP but.... naaaaaaaaaaaaaaaaaaaaaaaaaaaaah :D :D :D :D :D :D :D :D :D :D :D
     
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  17. donArmando

    donArmando Regular Member

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    May i know which one you used to trade:

    Kraken, or any other platform ?

    Ripple will go up for sure.
     
  18. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Kraken, as stated previously.

    Yeah ripple is kinda dipping at 0.000033 btc. I'm not sure if it will go up tomorrow. Buy at your own risk, pretty much.
     
  19. ContentInvasion

    ContentInvasion Registered Member

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    I seriously doubt I would ever be able to do cryptocurrency thing. It is too risky, I prefer getting involved something more stable.
     
  20. AneaKr

    AneaKr Jr. VIP Jr. VIP

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    Crypto is definitely risky, but using Bitcoin as a payment is quite valuable in the digital services world. I have used Poloniex for the equivalent of "forex" trading, between XRP (Ripple), ETH (Ethereum), and BTC mostly. If you keep a decent diversification, and remember it's very volatile, you'll be safe. Not for the faint-hearted though.
     
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