PUMP and DUMP
If you are seeking for some adrenaline rush, I would suggest you enter the crypto market! Why, you ask? My honest answer would be, every single of moment of your time in crypto (Trading), will give you the chill that you are desperately seeking for. Needless to say, if you become a victim/victor of some actions along the way of crypto pump and dump, you probably will become a frequent hodler of crypto assets.
Today, I was able to witness a pump and dump in a coin. If I have to be more precise, I got lucky to get the signal from both ways. Do not get confused, let me clear it a little bit. I got a random signal XRP might get some spike today at "x" time. There were some definite double meanings to that particular signal. Which raised some suspicion even more. This sort of situation excites me even more. I saw the news couple of times and was almost sure, it is going to make a move. The very next thing I was worried about the people, who are going to get in at the top and might get caught up in the dump.
The person who referred me the signal was pretty damn sure what he was doing. Upon persuading that person, the reveal was kind of the source was mostly shocking to me. That certain X person got the signal from a random community which was willing to pump the coin. The best analogy was, they were probably preparing to dump the coins which were purchased in the dip and those just needed to get rid of from those people. This was a perfect crime! Not actually a crime I would say. As FOMO and FUD are real in this market and nobody is forcing anyone to buy from the market. Free market, free rules.
XRP has been gaining a lot of attraction lately. SEC, loosing the position from top places on CMC and even getting negative feedbacks from the crypto community this was probably one of the most eye catching thing which happened today. But I guess these sort of situation are pretty common and people are used to it. This is why, people say "Invest that much, which you can afford to loose"! Also be aware of FOMO and FUD!
FYI, I invested despite all these commotions, I was successfully out of XRP trade with 10% profit ;)
Best regards
Rehan
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10% profit is not big - the risk in investing in XRP now is too high.
Yup but I was not willing to take any further risk with this Item!
It is like a swing atm. Going and up and down as it is wishing! Better be at a safe side.
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True, but I was also in a similar situation. I heard XRP was trying to pump at 5:30 am PT and it was already hitting above $0.66. I invested in XRP about a week ago when it was hover at $0.25. I created a limit order to sell 1/3 of it at $0.70 and another limit order to sell 1/3 of it at $1. I left 1/3 open, so I can play with it when I'm awake. Luckily enough, one of my predictions was correct and basically made money in my sleep. XRP is still holding steady at ~0.40, but I wonder if they will try again.
It was planed on xrp telegram for today :) I read some days ago on Twitter about :D
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Ok, Buy next time, please, post this before the pump take place.
I am not any kind of financial advisor, neither I support this sort of pump and dump schemes lol. I just like to keep myself updated from time to time.
Playing the market isn't something I have had. I don't have the balls for it (yet). However, knowing how things can easily change here makes it exciting for many thrill and profit seeker. How knows maybe someday I will start to speculate as well
Posted Using LeoFinance Beta
Well, I can guarantee, you are going to enjoy that swing soon ;)
You right !
I am thinking of buying XRP recently but I held back. The pump and dump is too obvious.
Posted Using LeoFinance Beta
Better be at safe side at all times!
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STOPCheck out the last post from @hivebuzz:
Xrp is died
Anything can happen in crypto, my friend!
Yes is true