18% XRP Price Drop ! ~ Moon or Bust? - page 4.

semobo

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Quote from: bitcoindusts on September 09, 2020, 02:34:29 PM

Quote from: semobo on September 09, 2020, 02:26:27 PM

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

Well, why remove the possibility of profit? May it be centralized or decentralized, investors must remove his emotion in order to gain maximum profit. Emotion brings biased decision. I hate XRP but the profit is too enticing. Hate won't give me a profit but XRP does.

Hate is not the reason why I said move out of it, the real reason is which is centralized and speculative asset so the creator can print any amount of XRP at any time and can liquidate into the market and it is highly possible when the prices are surging so which is going to affect the investors so make profits from the decentralized assets if you don't want to get trapped in such situation.

tomahawk9

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Cats on Mars

Quote from: bitcoindusts on September 09, 2020, 02:34:29 PM

Did the XRP team sell their monthly dump again? Well, that 20% crash looks a good discount to me.

No, the team didn't dump their stash, and no, there was no 20% crash but rather a major drop throughout the entire market thanks to BTC downward movement last week

the 18% drop that OP is talking about is probably the drop in the last 7 days. From Coingecko:

https://www.coingecko.com/en/coins/xrp

nothing to worry about for XRP hodlers, pretty much every major alt is looking at almost the same numbers in the 1-week charts. But yeah, a 20% discount is hella nice

bitcoindusts

sr. member

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Quote from: Bubu9844 on September 09, 2020, 11:47:47 AM

Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

Did the XRP team sell their monthly dump again? Well, that 20% crash looks a good discount to me. The price will be corrected in no time so it is best to enjoy that 20% discount and bag another batch of XRP.

Quote from: semobo on September 09, 2020, 02:26:27 PM

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

Well, why remove the possibility of profit? May it be centralized or decentralized, investors must remove his emotion in order to gain maximum profit. Emotion brings biased decision. I hate XRP but the profit is too enticing. Hate won't give me a profit but XRP does.

semobo

full member

Activity: 1498

Merit: 146

Move out of centralized assets, even though it might get recovered from the current drop it will be going to bust in the future probably will goes to zero as well.Add bitcoin,ethereum and other decentralized coins not the projects which came yesterday to the market and goes out of it in a week or month(s).

Zeehaxan

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Activity: 294

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WhalesHeaven - Custody Free Swap Exchange

Quote from: Bubu9844 on September 09, 2020, 11:47:47 AM

Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

I have not heard such a statement about xrp from IMF or world bank can you please share reference link to read details.
Although i am impressed with the partnerships and developments that ripple is undergoing and im sure its time will come but if you are someone who is in a hurry then you need to look at some other coins because coins like eth or xrp are for real supporters.

Miaallen

member

Activity: 573

Merit: 30

The price fall wasn't just XRP. Even the bitcoin and ethereum were not spared. The most hit tokens with price fall were those defi projects. Most of them lost not less than 80% of their valued prices.

shakesbear

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Activity: 684

Merit: 10

XRP if it grows, it grows with the market, but it sometimes falls alone, I don't know what to expect from them, maybe someday the devs will burn at least part of their coins.

tycsols

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BountyMarketCap

Yeah. I would just say that people holding the top coins like eth or xrp do not need to worry about the dips and i am sure most of the holders are in for the longterm so they will be the winners in the end. We just need to wait and good time will surely come.

royalfestus

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Activity: 2464

Merit: 519

The XRP dump is not peculiar to the coin alone and it is a consolation for holders as we expect pump from other top coins. My only concern for those coin with regard to price movement, is the reliance on bitcoin. Except for ethereum, the community, the technology and development, I dont see other coins with such large marketcap to give such profit and confidence like bitcoin

yazher

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Activity: 2268

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You own the pen

Quote from: disconnectme on September 09, 2020, 12:01:00 PM

I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market

Yeah! it has been so long since it's price rise and when the time of bearish market, it didn't recover again until now.

As for the current position of the XRP in the market, the result will be shown to us after this year. If they don't recover their price again before the end of this year, I think it won't recover after it anymore since it faces major issues and most of the investors has dumped their XRP to the point we have seen the price to drop down this low.

niksdt101

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I'll say reduce the amount of XRP you hold . The supply is too much with the Devs & Team and whatever roadmap they said with xCurrent and Xrapid is yet to fulfill the purpose .

disconnectme

hero member

Activity: 1876

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I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market

bitmover

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bitcoindata.science

Quote from: Bubu9844 on September 09, 2020, 11:47:47 AM

Xrp is my main Long term hold along with Ethereum .

Your portfolio is not performing well lately.

Why don't you add some bitcoin?
I own some ETH and XRP as well, but only a very small percentage of my holdings. Bitcoin is my biggest holding.

I think every crypto enthusiast should have at least 40-50% bitcoin in his portfolio.

Quote

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

Not necessarily. XRP is used by banks for international transactions mostly.
The effects of DeFi are not yet clear, but it is certainly possible that DeFi will remove some powers from the current banking system, which may be bad for XRP.

Bubu9844

jr. member

Activity: 239

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Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys

Topic: 18% XRP Price Drop ! ~ Moon or Bust? - page 4. (Read 781 times)