I buy some very good amount of RDD few days back at 36 but now suddenly its going down badly this thing is worrying me for last few days what is this going here
I feel like this coin is still in its infancy so spikes like this are common. It's dangerous as always investing in things like this. But could be very rewarding.
always invest what you can afford to lose.. advice from an old friend of mine, meantime bitcoin price has experienced lift so not surprised conversions (mine and sell hate to use word dump that word just like shitcoin is way too often used and not necessary, I consider you all professionals..) so bitcoin is up and people convert (always seeing bitcoin as ultimate value) but it is my strong believe that psychologically people will have a very hard time to part with bitcoin.. where else if I would to pay someone for let say programming help or whatever providing value of redd would be somewhat high I would trade for someone's labour...
observing.. and cooled off due to bitcoin rising you should see these swings till tomorrow, if bitcoin value rises overnight that should stop selling pressure because their margin redd/bitcoin will naturally cross rise, shrink rather sorry (cost more to purchase bitcoin - exchange fees) , and reddcoin price might (for this is a theory) catch up there is nothing predictable in crypto...
and please do not wait till the last minute to transfer exchange wallets home, none one knows (and exchanges wont tell you) what their limits are (in terms of handling large number of withdrawal requests..) be cautious