Wierd.Big volumes on Poloniex.Lots of news about coin,and still it doesnt grow)
At least me and many others would like to know WHY
Here ya go....
What is the 'Sideways Trend'
The sideways trend describes the horizontal price movement that occurs when the forces of supply and demand are nearly equal. A sideways trend is often regarded as a period of consolidation before the price continues in the direction of the previous move.
A sideways price trend is also commonly known as a "horizontal trend".
BREAKING DOWN 'Sideways Trend'
Sideways trend is generally a result of the price traveling between strong levels of support and resistance. It is not uncommon to see a horizontal trend dominate the price action of a specific asset for a prolonged period before starting a move higher or lower. Brief consolidation is often needed during large price runs, as it is nearly impossible for such large price moves to sustain themselves over the longer term.
Read more: Sideways Trend http://www.investopedia.com/terms/s/sidewaystrend.asp#ixzz4jMTMlVoe
i have been on this forum for some time now, not really posting here much.
but it really strikes me how many people just come here to complain about xrp and all the so called huge dumps that are coming, or already have been.
really confusing bs, and most off all not true.
So what are the facts:
over the last 3 months +4028%
over the last month + 103%
over the last week +34%
Yes there where some dips and a big correction(26may).
but to put things in perspective, there was a simular correction in april and what followed is looking very simular to the current sideways movement.
that correction ended late april with a tripling in value in the 2 weeks to follow.
but what i really try to say is, STOP posting stuff you don't know nothing about.
not every 2 cents drop in really that scary, you can not even call it a dump.
just the motion of the ocean
yep.
So frustrating here for two reasons. (1) Most here have no idea about markets. (2) The complaining posts of those who jumped on huge green candles (too late) hoping to get a quick profit and wondering why the price is now lower (for them). I prefer to respect the tech or the project, not make a quick profit.
These guys are whom the bag holders are shaking free of their coins while its cheap. (btw way, thanks for the cheap coins guys... keep selling
)
So much I could post here but like yourself, I mostly refrain from doing so. (While im ranting....Im sick of the word moon, a coin is dead, bubble, profits etc ahhhhhh...)
I have given my opinion regarding the speculation of xrp, which was drowned out by the troll posts in this thread.... meh... so I return here now and then to see Joel's replies to the anti XRP spam...
