XRP now back up at €0.38

mickdw

RonaVirus wrote: »

I bought 100 euro of it in 2018, now it's worth 37 euro. Has a long way to go.

You must have bought at 1 euro. Be awhile before it gets back there id say.

grindle

RonaVirus wrote: »

I bought 100 euro of it in 2018, now it's worth 37 euro. Has a long way to go.

Why not average down when it was languishing at €0.20 for forever? An extra €100 at that price and you'd've been break-even at €0.34 and could've made an extra €100 when it lurched past €0.51.

RonaVirus

grindle wrote: »

Why not average down when it was languishing at €0.20 for forever? An extra €100 at that price and you'd've been break-even at €0.34 and could've made an extra €100 when it lurched past €0.51.

Do I look like I can predict the future?

grindle

RonaVirus wrote: »

Do I look like I can predict the future?

I'll take that to mean you didn't think it was ever likely to recover. Okie dokes, just wondering.

Lex Luthor

mickdw wrote: »

You must have bought at 1 euro. Be awhile before it gets back there id say.

by Feb 2021

mickdw

Lex Luthor wrote: »

by Feb 2021

Possibly.
I dumped them at 50c. If we see mid 20s again i will buy back in.

RonaVirus

grindle wrote: »

I'll take that to mean you didn't think it was ever likely to recover. Okie dokes, just wondering.

What's to say it would have?

grindle

The cycle of greed and Bitcoin halving. Bitcoin goes up, drags everything up. If I bought high and thought it was only ever going to go down I'd sell it off and accept the loss, if I thought there was a decent chance it'd go up again I'd average down. Holding onto it while thinking the worst just doesn't compute in my brain.

It might be thought of as crap in terms of crypto but it's my go-to for sending between exchanges rather than wasting a fiver on tx fees and waiting an hour for a confirmation. I'd presume a lot of people do that, it's very convenient. So at least the coin is convenient, useful in some way, in the top 5 with good liquidity.

Lex Luthor

everything else is pumping right now, only a matter of time before this one pumps aswell...

65c seems to be strong resistance, crack that and we off

mickdw

Lex Luthor wrote: »

everything else is pumping right now, only a matter of time before this one pumps aswell...

65c seems to be strong resistance, crack that and we off

Where do you think it could go in the short term

bfa1509

Is there any interest in the spark tokens on the 12th December? Not sure if it's worth moving out of coinbase just for this.

I need to read up on this a bit more.

Lex Luthor

mickdw wrote: »

Where do you think it could go in the short term

I think there’s a $1 in it sometime in Q1

bfa1509 wrote: »

Is there any interest in the spark tokens on the 12th December? Not sure if it's worth moving out of coinbase just for this.

I need to read up on this a bit more.

I’d be out of coin base anyway

Kraken announced today they are supporting it

There should be a lot of interest

bfa1509

Lex Luthor wrote: »

I think there’s a $1 in it sometime in Q1



I’d be out of coin base anyway

Kraken announced today they are supporting it

There should be a lot of interest

Any specific reason you'd be out of coinbase? I have only done 2-3 big trades in the last 6 months so fees didn't bother me. I don't like the spread on bid-ask prices though but assumed it was similar on other exchanges. I have been considering Kraken for the last few days.

Edit: Just switched my XRP over to Kraken, it was ridiculously easy to do and actually gained 15eur in the process somehow!

Lex Luthor

I don’t use coin base but my decision is based on what I read online that they are always down when you need them the most

bfa1509

I'm contemplating sacrificing the 12 Dec flare tokens in favour of a profit take on the 11th. I can just picture a plunge after everyone gets their tokens... A drop could even happen on the 11th as many may be thinking the same.

mickdw

bfa1509 wrote: »

I'm contemplating sacrificing the 12 Dec flare tokens in favour of a profit take on the 11th. I can just picture a plunge after everyone gets their tokens... A drop could even happen on the 11th as many may be thinking the same.

Ya ive sold but id be thinking the same.
The tokens wont have a great value anyway.

Lex Luthor

Hope more feel the same so I can pick up some cheap XRP

Lex Luthor

Coinbase supporting the flare network airdrop
This is huge
The amount of exchanges supporting this is more than anything else I've seen before

bfa1509

bfa1509 wrote: »

I'm contemplating sacrificing the 12 Dec flare tokens in favour of a profit take on the 11th. I can just picture a plunge after everyone gets their tokens... A drop could even happen on the 11th as many may be thinking the same.

Traded in all my xrp while all this flare shenanigans blows over. It has dropped 8+% since.

I may get a nice buy back in price after midnight! :cool:

mickdw

Surely if the flare airdrop was driving any of the xrp demand, it will have to drop tomorrow.

el diablo

So apparently there's a bit of work involved in order to be eligible for this airdrop. I have a relatively small amount of XRP on a Ledger Nano hardware wallet so is it true that we have up to six months to claim the tokens?

Lex Luthor

el diablo wrote: »

So apparently there's a bit of work involved in order to be eligible for this airdrop. I have a relatively small amount of XRP on a Ledger Nano hardware wallet so is it true that we have up to six months to claim the tokens?

not sure, would have to check, my interpretation of it was that the snapshot took place last night at midnight and the drop would take place over 6 months

el diablo

Lex Luthor wrote: »

not sure, would have to check, my interpretation of it was that the snapshot took place last night at midnight and the drop would take place over 6 months

Ok thanks. Looks like I've missed out on the airdrop so. I assumed it would be just dropped into my Leger Nano wallet and left it too late to see what was involved in being eligible for it.

Somecrimesitry

Anyone doing self custody on hardware wallets had to set a message key on the XRP ledger generated from an ETH account they own. That message key is what the snapshot was looking for to know what to include and what to ignore. It was never a blanket airdrop to all XRP holders, you had to indicate that you wished to be included. When / if the network ever launches you create a Flare wallet using the same 24 word seed that you used to create the ETH account for the message key. The tokens will be gradually sent out to that wallet over time.

The other choice was to send your XRP to an exchange supporting the snapshot then the tokens would be sent to your account on that exchange.

Lex Luthor

Somecrimesitry wrote: »

Anyone doing self custody on hardware wallets had to set a message key on the XRP ledger generated from an ETH account they own. That message key is what the snapshot was looking for to know what to include and what to ignore. It was never a blanket airdrop to all XRP holders, you had to indicate that you wished to be included. When / if the network ever launches you create a Flare wallet using the same 24 word seed that you used to create the ETH account for the message key. The tokens will be gradually sent out to that wallet over time.

The other choice was to send your XRP to an exchange supporting the snapshot then the tokens would be sent to your account on that exchange.

I used self custody but sent up a separate wallet for the flare tokens rather than use the ETH wallet

Lex Luthor

Spark $FLR will be issued by the network when main net goes live. This is anticipated Q1-Q2 2021

at this point 15% will be issued and the remaining over a min of 25 to max 34 months

thejaguar

Things have gone a bit quiet here - anybody any thought on what's next for xrp?

Bruno Mannheim

thejaguar wrote: »

Things have gone a bit quiet here - anybody any thought on what's next for xrp?

there's a Ripple thread on here aswell

thejaguar

Bruno Mannheim wrote: »

there's a Ripple thread on here aswell

Ah!