>>60823853
>>60823865
couple points
first of all, the price doesn't just go up magically. it goes up because people are buying. it goes down because people sell. the price rocketed up because a mix of retail and institutions were buying a lot. then it fell when people/orgs took profits. someone is losing money when they buy at ATH and the price goes down.
secondly, i sold within a couple hours of it hitting ATH. my sell price was like 3.4. i did not buy at $.50 because i don't believe in the coin and i'm not some degenerate gambler. i did buy when it was sub-$2.
thirdly, people like
>>60823499
>>60822932
who are clearly degenerate and deranged don't sound like the kind of people that made money. i honestly think that guy got burned which is why i asked for his chart. he never provided it because he can't shoop a chart that shows he's in profit. there's so much assburn on /biz/ over XRP its clear a lot of people FOMO'd in and got fucked. it bounced but there's no real enthusiasm here, it can't clear $3. whether it's manufactured or real, this spike is going to get gobbled up by people taking profits, and the price will go down again.
the entire market sentiment is to take profits and unwind because there are economic headwinds. when the market is in a difficult situation, smart money unwinds from risk assets and puts their money in durables like gold and silver. my gold and silver stocks are doing very well right now.
in summary, a lot of you are huffing the copium, others did see real profits, but if you're sitting on a stack you bought at $.50 you'd be a fool not to sell right now. this board is famous for foolery so i fully expect you all to watch it bleed and post pink wojaks as it happens.
call me names, go ahead and huff copium. this will be my last post on the subject. it's obvious a lot of people are upset and i don't want to be the target of their hatred.
sell.