[QUOTE=TreatHerWell;5725144]Love XRP. Hodling a big bag. Sitting at. 77 today. Thinking it could take off in next 1-2 months. Hoping for the best.[/QUOTE]But isn't XRP frozen?
You cannot trade it. Or can you?
Not in Coinbase at least.
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[QUOTE=TreatHerWell;5725144]Love XRP. Hodling a big bag. Sitting at. 77 today. Thinking it could take off in next 1-2 months. Hoping for the best.[/QUOTE]But isn't XRP frozen?
You cannot trade it. Or can you?
Not in Coinbase at least.
[QUOTE=TreatHerWell;5725144]Love XRP. Hodling a big bag. Sitting at. 77 today. Thinking it could take off in next 1-2 months. Hoping for the best.[/QUOTE]I'm holding a small amount of xrp. I'm hoping to does well once the sec lawsuit is over.
[QUOTE=Joesouncool;5726587]I'm holding a small amount of xrp. I'm hoping to does well once the sec lawsuit is over.[/QUOTE]Yeah, you got that right. Thinking once the lawsuit is over it'll head up.
[QUOTE=PeteAppleSeed;5726387]But isn't XRP frozen?
You cannot trade it. Or can you?
Not in Coinbase at least.[/QUOTE]You're right Pete. Coinbase has XRP frozen. I still have 900 XRP frozen since the lawsuit.
I use Uphold to trade XRP. Been a good experience so far.
[QUOTE=TreatHerWell;5727121]You're right Pete. Coinbase has XRP frozen. I still have 900 XRP frozen since the lawsuit.
I use Uphold to trade XRP. Been a good experience so far.[/QUOTE]I bought some xrp back in December on uphold. It's available to trade there. It is also available to trade in some exchanges that aren't in the US. I figure it will go sideways until the sec lawsuit is settled. From there, I figure it will go up. I've been listening to several analysts regarding the lawsuit and analysis on ripple. The only problem is that you get the analysis from the people with the vested interest. I decided to take a chance. I've only got a small amount invested, so it's not a big deal. CNBC analyst back in December convinced me to try it, so I did.
[QUOTE=PeteAppleSeed;5726387]But isn't XRP frozen?
You cannot trade it. Or can you?
Not in Coinbase at least.[/QUOTE]As I understand it, xrp is frozen in Coinbase and most us exchanges but not all. Uphold is in the us.
[QUOTE=Joesouncool;5728954]I bought some xrp back in December on uphold. It's available to trade there. It is also available to trade in some exchanges that aren't in the US. I figure it will go sideways until the sec lawsuit is settled. From there, I figure it will go up. I've been listening to several analysts regarding the lawsuit and analysis on ripple. The only problem is that you get the analysis from the people with the vested interest. I decided to take a chance. I've only got a small amount invested, so it's not a big deal. CNBC analyst back in December convinced me to try it, so I did.[/QUOTE]Nice work Joes! I think XRP is a great investment and will pay off in 2022.
[QUOTE=TreatHerWell;5727121]You're right Pete. Coinbase has XRP frozen. I still have 900 XRP frozen since the lawsuit.
I use Uphold to trade XRP. Been a good experience so far.[/QUOTE]I'll. Look into in.
Been sitting on that coin for while.
Thanks for the info.
[QUOTE=TreatHerWell;5729388]Nice work Joes! I think XRP is a great investment and will pay off in 2022.[/QUOTE]I just wish I wasn't so slow to get on crypto. I remember looking at it 10 years ago and thinking it was too complicated. If only I'd paid attention to see things like Coinbase and others that have made it way simpler. Of course, there was MtGox hack and poof, everything is gone. Now, I just have my fingers crossed that it doesn't happen to me. I'm into buy and hodl with some extra cash I have. I figure the stock market isn't going to generate big returns for a while thanks to the current administration, so crypto made some sense. Too bad we are paying the price for bitcoin records. Jrody has some great suggestions.
Stay safe out there.
[QUOTE=Joesouncool;5729807]I just wish I wasn't so slow to get on crypto. I remember looking at it 10 years ago and thinking it was too complicated. If only I'd paid attention to see things like Coinbase and others that have made it way simpler. Of course, there was MtGox hack and poof, everything is gone. Now, I just have my fingers crossed that it doesn't happen to me. I'm into buy and hodl with some extra cash I have. I figure the stock market isn't going to generate big returns for a while thanks to the current administration, so crypto made some sense. Too bad we are paying the price for bitcoin records. Jrody has some great suggestions.
Stay safe out there.[/QUOTE]You're right, I wish I went more in sooner. I've learned my lesson recently with this dip that if you're up on certain projects 2-3 X, take profits. I've seen so many go up then come back down again and I kick myself for not selling. I myself am typically a Hodler but recently I've been trying to trade more if I'm up. I'm just waiting for the "blow off tops" which could potentially be now until May. It may go back down for another 3 years after May when the bull run ends.
[QUOTE=Joesouncool;5729807]I just wish I wasn't so slow to get on crypto. I remember looking at it 10 years ago and thinking it was too complicated. If only I'd paid attention to see things like Coinbase and others that have made it way simpler. Of course, there was MtGox hack and poof, everything is gone. Now, I just have my fingers crossed that it doesn't happen to me. I'm into buy and hodl with some extra cash I have. I figure the stock market isn't going to generate big returns for a while thanks to the current administration, so crypto made some sense. Too bad we are paying the price for bitcoin records. Jrody has some great suggestions.
Stay safe out there.[/QUOTE]I really like all your posts and I agree with you most of the time but in this case I must respectfully say that it is not wise to strongly correlate the performance of the stock market to the president and its admin. (neither of them).
Let me preface this by saying I'm not a political person, I just follow politics to the extent where its actually going to affect my day to day. And all the other circus bullshit I completely ignore.
While the president might have some impact on the economy and markets, is generally indirect and marginal. It's Congress that sets tax rates, passes spending bills, and writes laws regulating the economy.
The president only affects the market by appointing a Fed and head of Dept of Commerce. Which in this case theyre not controversial picks.
The market is moved by a myriad of different factors.
I'm not one of those guys that blames everything from gas prices to the housing market, to the stock market, on the president, whomever he might be.
That said, I also DCA and HODL. But, I don't rely on crypto as the savior of my portfolio, I believe diversification is the key. Actually, I don't let crypto get over 10% of my whole portfolio, and I strongly recommend you don't either. I can write for days about the reasons for this.
As far as being too slow on crypto, I also disagree. I think you got in just at the right time. Because that was the right time for you. Don't fall for FOMO. At least you're actively investing. Some people arent even saving. Your making good moves. Just keep HODLing to the moooon.
[QUOTE=Jrody1;5713549]One of the major billionaires announced he's holding a big bag of MATIC!
Not financial advice but yes on these mainstream tokens its good to hold. [/QUOTE]Amen Jrody. The above post should be an entry in to the crypto bible.
Also theres some memorable quotes, like;.
"don't buy the pump".
"Buying green candles gives you red dildos".
"Don't fomo into projects".
"Crypto space is saturated with scamming fuckers as well".
"Not financial advice and DYOR".
"I'm savoring hard asf for this to pump".
And this last one "Just hedge funds and big investors manipulating the market to get in at lower entry points and then pump that shit up again".
Gold I tell ya, gold!
[QUOTE=PeteAppleSeed;5731594]I really like all your posts and I agree with you most of the time but in this case I must respectfully say that it is not wise to strongly correlate the performance of the stock market to the president and its admin. (neither of them).
Let me preface this by saying I'm not a political person, I just follow politics to the extent where its actually going to affect my day to day. And all the other circus bullshit I completely ignore.
While the president might have some impact on the economy and markets, is generally indirect and marginal. It's Congress that sets tax rates, passes spending bills, and writes laws regulating the economy.
The president only affects the market by appointing a Fed and head of Dept of Commerce. Which in this case theyre not controversial picks.
The market is moved by a myriad of different factors.
I'm not one of those guys that blames everything from gas prices to the housing market, to the stock market, on the president, whomever he might be.
That said, I also DCA and HODL. But, I don't rely on crypto as the savior of my portfolio, I believe diversification is the key. Actually, I don't let crypto get over 10% of my whole portfolio, and I strongly recommend you don't either. I can write for days about the reasons for this.
As far as being too slow on crypto, I also disagree. I think you got in just at the right time. Because that was the right time for you. Don't fall for FOMO. At least you're actively investing. Some people arent even saving. Your making good moves. Just keep HODLing to the moooon.[/QUOTE]My point was that $2 T is not going to pass in the form of Build Back Better. Pieces of it will likely pass with bipartisan support in the future. Next, The Fed has already announced that they will be tightening monetary policy in the future. The market doesn't quite know what this means, so I would expect that investments to go sideways until this is figured out. Crypto went down last Thursday, up Friday and a little on Saturday, sideways to down Sunday, and much more down today / Monday. I think that means that crypto will be sideways to down until the market understands what that means. That means I am slowly lighting my cash on fire while I hodl and wait.
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[QUOTE=TreatHerWell;5730724]You're right, I wish I went more in sooner. I've learned my lesson recently with this dip that if you're up on certain projects 2-3 X, take profits. I've seen so many go up then come back down again and I kick myself for not selling. I myself am typically a Hodler but recently I've been trying to trade more if I'm up. I'm just waiting for the "blow off tops" which could potentially be now until May. It may go back down for another 3 years after May when the bull run ends.[/QUOTE]Yeah the religious cult of "hodlers" don't do very well during a bear market. You can lose 95% of your money during that time. And then they say "You haven't lost anything until you sell!" What morons.
If blindly holding is the best you can do, you should still have a number where you cut your losses at a reasonable level. This is non-retard investing 101.
And I make a lot of mistakes with trading, but I never assume the market will go up forever.