I was watching trades on cex yesterday and i now believe Ripple is completely rigged and pumped and dumped are done by some selective entities. At one time when price is doing okie, some one placed 18mil usd on sales. And after that people got panic as there was not enough available coins to fulfil 18 mil. and it crashed to 2.22, and huge buying started up to 2.40 in few milli second. So i dont think normal investor will risk 18mil to crash market at any point. Which can also leads that recent pump action is also may be done by same people to create hipe. I see ripple going much down from here.
armenhammer21
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@Nepala, should I sell bro? I'm on the verge honestly. If not pump and dump, but to buy back lower
mmdanhed
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@armenhammer21, No hold on! mates with 2.2 mill portfolio ride out these little drawbacks and sell part of their portfolio when at height. Problem is we get greedy and think oh it will go higher so we hold on and don't sell.
@Nepala, agree with you but this isn't a new thing. Firms are day trading crypto and making short bursts of profit. Direction setting is actually illegal in the stock market but perfectly acceptable in the crypto world, well for now! If we learn to read the signs we can make decent buck trading daily.