im being 100% honest here...
myself...my friends and my family....all bought some XRP in past 2months...no body has lost anything and every single one of us has saw our invest grow to what we are expecting.
We do not look at short term trends, we zoom out and look at the bigger picture...
If you check my post history, i did the same with eth last jan 2016. Got many in under $1 ! , i educated them with real facts and kool gifs lol...i was first to post on bitcointalk about dao hack.. i went on every thread i could lol. i helped make many many millionaires by telling to hold for at least 1yr.
I do my research then decide what to buy.. i buy early, and hold, i set a asmall amount aside for trading, if i lose it i get fresh fiat and get a lil stack again.
I still hold ETH for pos..every night i shit my pants and wake up... iknow it will drop in price, but i know long term it will be worth so much more.
XRP is worth the hype...think of the guys that bought at 7k... 2 types of guys...one panic sells when it drops...he's now crying, the other guy held from 7k and he sold at 14k...he's happy
Panic and lack of research are the problem for many investors.
I would never buy because mrspumparooney said so (unless i knew her and trusted her past)...lol id buy after i research where im putting my money.
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Well said but I have to admit I was burnt a few times by your pics in the early stages. Id set a buy, it would start to climb, id panic and then sure enough it would drop down further then when it started. Its clear its not going to go down further but it was also clear that yesterday it was gona come dumping down.
I have been watching the trading for months, it seemed the first boom over 900 sats was when Bitstamp (not sure about other exchanges) offered free XRP trading and incentives for those who trade the most, smart move that saw prices rise. Then we saw a whole heap of whales, then it moved up and down for a while and then a huge move the other day but I cant see why. There were no massive buys that I was aware of that would show banks were buying.
On Bitstamp 1Mil trading is massive. First there was someone always trading 150k odd buy, sell, buy, sell. Then that went to someone trading 400k odd. Then the odd sell off of 1mil and buy back. This morning someone is trading with 1000000. Either a whjale that's going to do the same as yesterday at the end of his day or people are getting more cocky. Yes ive been watching the trade consistently for the last 3 months lol