I am currently in a position for XRPBTC at 0.00002500 and hopefully this trade will actually work out. I can't remember how many of these XRP trades I took this year to be losers. Not all of them were losers but they were in profit and then became break-even and eventually into a loss and stop-loss hit.
This year XRP and most alts were very difficult to trade unless you were short. However most of the XRP short entries never triggered and most of my long entries triggered however those were into huge losses.
Wonder how much of an impact with all the additional supply has caused prices to surpress. They really need to unlock these coins in a bull market instead and not in a bear market when there are no buyers left.
This year XRP and most alts were very difficult to trade unless you were short. However most of the XRP short entries never triggered and most of my long entries triggered however those were into huge losses.
Wonder how much of an impact with all the additional supply has caused prices to surpress. They really need to unlock these coins in a bull market instead and not in a bear market when there are no buyers left.
Well, it's going in circles so I'm expecting a pump of at least the same caliber as the nose-dive the alts experienced in the last months.
Also, they don't sell their XRP shares in the open market as far as I know but in B2B deals, I just hope those deals include a rule about not selling the coins for a set amount of months.
Another day, another big unlock:
Ripple Unlocks 1 Billion XRP As Crypto Trader Moves 40,000 Bitcoin (BTC) in a Single Transfer
https://dailyhodl.com/2019/05/01/ripple-unlocks-1-billion-xrp-as-crypto-trader-moves-40000-bitcoin-btc-in-a-single-transfer/
Those are mind-boggling numbers. The information in the link gives plenty of information.
It cost less than $4 to transfer 40,000 BTC worth nearly $400 million?
But it also costs $4 to move 1 cent if using BTC
