Hey guys,
I've gathered a bunch of info on ripple and wanted to get your opinion about the crazy ride we're curently experiencing.
Some say that it will crash, (actually most of people says that on twitter etc, exception made of Haejin of course).
To me, this graphic says it all :
(from ~~~ embed:948829669226266624) twitter metadata:V29sZk9mUG9sb25pZXh8fGh0dHBzOi8vdHdpdHRlci5jb20vV29sZk9mUG9sb25pZXgvc3RhdHVzLzk0ODgyOTY2OTIyNjI2NjYyNCl8 ~~~
As The Wolf says, this cannot end well.
However...
There is some news here and there pointing toward the continuation of the rally! I'm talking about :
https://www.cnbc.com/2017/12/27/ripple-jumps-after-news-of-link-to-some-japanese-credit-card-companies.html, credit cards running on ripple are incoming
Barclays bank is currently on the test phase of integrating ripple
~~~ embed:940635596485287936 Cross border trials are set to run through Jan 31 twitter metadata:VHBsdXNaZXJvfHxodHRwczovL3R3aXR0ZXIuY29tL1RwbHVzWmVyby9zdGF0dXMvOTQwNjM1NTk2NDg1Mjg3OTM2IENyb3NzIGJvcmRlciB0cmlhbHMgYXJlIHNldCB0byBydW4gdGhyb3VnaCBKYW4gMzF8 ~~~
~~~ embed:946775518887555073 Apparently Barclays and Goldman Sachs are already testing it too twitter metadata:Y3J5cHRvbGFtYXx8aHR0cHM6Ly90d2l0dGVyLmNvbS9jcnlwdG9sYW1hL3N0YXR1cy85NDY3NzU1MTg4ODc1NTUwNzMgQXBwYXJlbnRseSBCYXJjbGF5cyBhbmQgR29sZG1hbiBTYWNocyBhcmUgYWxyZWFkeSB0ZXN0aW5nIGl0IHRvb3w= ~~~
So... That's a lot of things making me think that Ripple will go though a correction for the next days (looks like it already started), then after the good news it will rise again !
But again, I just a noob...
i hope not, i hope will crash... have an open sell margin order on poloniex
I see an imminent correction (a deep one, similar to that of bitcoin after it reached 20k) on the horizon but an actual crash? lets see
Yeah I was actually thinking of that, some big correction until mid january, then a new high at this point. I'll buy the dip if that happens :)
Edit: mid january because ripple & visa could make a annoucement at this time. Probably another correction after that until the end of the month with the other good news.
Ahah, I almost did that today but wasn't sure. Looks like you did the good thing!
Market forces will determine the continuous rise or fall.
I don't think it would be easier for ripple to break its previous resistance of May.