Avoid controversial shitcoins like XRP or you maybe left holding bag one day when they dump on you like it happened recently. After the said Airdrop, It was never a wise time to hold XRP. The price dump was expected since the initial price pump only happened because of the spark token airdrop.
If you want to make money twice during this bull run, keep an eye on BTC prices and then a couple of days after BTC price movements makes new records, shift your attention to alts like ETH, LTC. They usually pump a few hours or days after BTC has pumped
Topic: You all were right. I was wrong! - page 2. (Read 386 times)
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I'm sure getting de-listed from most major exchanges will help with that.
AFAIK, Bittrex and Binance want to delist this XRP this mid of the month of January and I guess that will have an impact on the bitcoin price since many of those bag holders of XRP will jump up into bitcoin.`I'm sure getting de-listed from most major exchanges will help with that.
Since XRP was regulated by SEC and this becomes a centralized coin, I transferred already my fund to bitcoin and ethereum because I know holding an XRP is not safe at all. It is a wrong move if you had more than a percentage of XRP than BTC upon holding. For sure there are a lot of XRP holders who are now transferred to bitcoin, if OP did that, that is a good decision.
I moved all my money from BTC to XRP when btc was $19700.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Glad that you accepted your mistake and misfortune.
But Cheer up mate, as from the losses only we come to know about our capacity and hence we rectify it to make profits.
To be honest predicting the price of a particular coin is pretty challenging and not only you many veteran trader also does the mistake.
Nevertheless with this new year start with a fresh start and make double profit.
Wish you best of luck mate.
What's done is done.
Instead of dealing with the past's mistake, you should learn from it and apply it in the near future. The best part here is that you've learned your part. I think that it is also a mistake that you put all of your money into cryptocurrencies, it might be having a great rally right now but that won't be happening all of the time.
Instead of dealing with the past's mistake, you should learn from it and apply it in the near future. The best part here is that you've learned your part. I think that it is also a mistake that you put all of your money into cryptocurrencies, it might be having a great rally right now but that won't be happening all of the time.
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I'm sure getting de-listed from most major exchanges will help with that.
AFAIK, Bittrex and Binance want to delist this XRP this mid of the month of January and I guess that will have an impact on the bitcoin price since many of those bag holders of XRP will jump up into bitcoin.`I'm sure getting de-listed from most major exchanges will help with that.
Since XRP was regulated by SEC and this becomes a centralized coin, I transferred already my fund to bitcoin and ethereum because I know holding an XRP is not safe at all. It is a wrong move if you had more than a percentage of XRP than BTC upon holding. For sure there are a lot of XRP holders who are now transferred to bitcoin, if OP did that, that is a good decision.
I moved all my money from BTC to XRP when btc was $19700.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
We can't really blame you though, it's your call, but at least you man up to admit your mistakes. No one thought that bitcoin will go on this super rally and others is saying that this is just the beginning that can last a two whole years of bull run with no burst, except for occasional correction.
That's ok now if you have move to btc now, at least you can still join the bandwagon, don't worry about that 30% you can make it up when we reach $100k minimum in this bull run.
I moved all my money from BTC to XRP when btc was $19700.
Holy shit, I feel like I got punched in the stomach just reading that. All your money? That's a serious double whammy.
Didn't anyone ever tell you: never go full shitcoin.
Especially XRP. Even before this SEC meltdown, it was horrible to hold. Spends 99% of its time in a slow bleed.
Maybe XRP price will recover in few months
I'm sure getting de-listed from most major exchanges will help with that.
Beautiful shorting range here:
So many bagholders, so much pain.....
That’s the risk we always take in this market and we can’t say the market will always go in favor to us. Don’t blame yourself, just accept the fact that you lose money and take necessary actions in order for you to bounce back. Bitcoin is soaring like there’s no ceiling, no one can tell when it will stop.
The price of BTC increases fast and we know that somehow the price will be corrected and will result for some dump so as much as possible we wanted to be safe and get the profit we already have than lose it. So don't regret too much on your decis2as long as you still have BTC with you its fine and just keep monitoring it for price updates or set price point you wanted to sell it.
Looks like someone missed the train, my advice is to avoid investing more in BTC. Current technical indicators are in the overbought zone and the flash drop will bring a huge loss. Maybe XRP price will recover in a few months but you have to hold your loss until that day. Otherwise, there is no point to jump from one crypto to another. Investing in the new technology and fresh projects can cost more than the base investment amount, I advise avoiding the new investment until the dust settles. Just my 2 cents.
That's really a bad decision you had done there mate and on coincidence that XRP did face up some SEC issues. Have you able to get out after that event happen or you do let yourself caught in the dump?
Don't feel pity and tell others that they were right into their words since they are also just speculating.Its just the price had go into the direction on where majority is presuming.
Nothing can really beat up Bitcoin when it comes to future or potential aspects because it can reach out heights unexpectedly and it is happening on this very moment.
Don't feel pity and tell others that they were right into their words since they are also just speculating.Its just the price had go into the direction on where majority is presuming.
Nothing can really beat up Bitcoin when it comes to future or potential aspects because it can reach out heights unexpectedly and it is happening on this very moment.
I moved all my money from BTC to XRP when btc was $19700.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Just move on and accept it because this had been a common mistake due to unpredictability of the market and also you arent the only ones who had been suffering from losses or missed out profits
due to allocation.
We know that diversifying is always been a good thing and we didnt even expect for those things to happen in XRP too and if didnt happen then for sure you do really able to make
money at the moment.
Good thing that you do able to put up some in alts or in DOGE which having a little run.Dont get frustrated nor let yourself look down just because of this mistake.
We do make speculation but none of them would really be precise.
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You know, I also did the same, convert some of my BTC into XRP at that time and still leave XRP in my wallet, even the price is damn down and probably will be a shitcoin 
What I did right now is not focusing anymore on my XRP but on BTC. This coin will probably raise up again and again. SO, just take my past to be a personal lesson, focus on BTC, and not convert it again into altcoins. If we want to invest in altcoins, just buy it from another fund, not converting my BTC.
Lol, I thought your conclusion would be "I'm wrong for flipping my Bitcoin for a shit token like $XRP".
I'm likely going to laugh very hard, so sad, but this may be true, this may be going to be a shit coin, or even was a shitcoin. I moved all my money from BTC to XRP when btc was $19700.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
It is fine, no one can predict the market perfectly, you were just unlucky to be invested in XRP just in the moment the SEC decided to make a move against it, so take this as a lesson, that kind of movement, at least by the reasons stated by the SEC, is impossible against bitcoin which is yet another reason why bitcoin is not only better than XRP but the rest of the altcoins in the market, so I will not be surprised if this is just the first of a massive operation by the SEC against thousands of coins which means that bitcoin will become a safe haven and its price will go up even more. Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
Should hold as much as you can with BTC. It will never put you down, well, we've got the bear markets but you lose until you sell. Right now bitcoin just showed its dominance again and broke ATH to $32k.
Whether most of the opinions you've read were right, it's still about your decision making by choosing the best coin. Always choose the best and that is bitcoin.
Whether most of the opinions you've read were right, it's still about your decision making by choosing the best coin. Always choose the best and that is bitcoin.
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Lol, I thought your conclusion would be "I'm wrong for flipping my Bitcoin for a shit token like $XRP".
There's no wrong on your portfolio allocation percentage. The problem was the coin you choose for diversifying it. You should atleast choose a coin with a good reputation though.
There's no wrong on your portfolio allocation percentage. The problem was the coin you choose for diversifying it. You should atleast choose a coin with a good reputation though.
No one can predict the trending of stock or BTC. If someone say I can, you must pay attention to your wallet. Trading is a high risky activity. Only you are responsible for your action.
I moved all my money from BTC to XRP when btc was $19700.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
UPDATE 1: Made it all back in the recent Ethereum and Doge move. Holding multiple coins which are pretty up! The client seems happy now! Thanks all for the support! I was terribly wrong but I have understood how to trade alts now! Will keep you posted about my portfolio.
Thereafter when btc broker 20k, I moved 40% of it back to BTC but kept 40% in xrp and 20% in other alts.
I also bought more xrp later (this was some thousand of dollars)
Lost a lot of money in the xrp fall. But made some back in doge run later.
However, the point being, your speculation was right! I was wrong with the judgement else I would be a minimum of 30% more up.
UPDATE 1: Made it all back in the recent Ethereum and Doge move. Holding multiple coins which are pretty up! The client seems happy now! Thanks all for the support! I was terribly wrong but I have understood how to trade alts now! Will keep you posted about my portfolio.
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