Buying bagholders last stand. Insiders still selling this ponzi.

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Like the ponzi scheme it is inspired from, Bitcoin, Ripple spent a long time at a support level with lower highs, and with bagholders convinced it was the bottom.

Price dropped below that "strong support it will never dropped under of", and then bounced to now retest that level.
So baggies need 2 things for the price to go up:
- Sufficient gullible people with a gambling mentality to want to buy against all odds
- Those need to still have money left (>.<)

I am sure the burnt baggies are now seeing all sorts of patterns "wickoff bottom" and bla bla bla.

Sometimes it bounces sometimes it does not.

Sometimes this happens even:

There was a hype before, they could be again.
Coinflip. Buyers are mindless gamblers.
This is no different than buying a lottery ticket.

Ripple baggies are dreaming of something like BTC did and to be able to dump their bags.
But... I doubt it will happen.

Look at what BTC and the stock market / world economy does.
The bubble could pop in 2 weeks.

Early september, that's often when it happens. Planning to post an idea on this.

Maybe the price flattens for 3 months before dropping like BTC did last year zzz.

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There is smart money.
There is dumb money.

And then there is ripple money.

Pick your side carefully. Wait, actually no.
If you have to think about this you have already lost. RIP.

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Just found out why all of this happened. OMG.
Why crypto got popular. Why there are so many bubbles.
Why the US had so many idiotic ideas recently.

"Fluoride was found to dramatically lower IQ"
"A 1 mg increase per day was associated with a 3.7-point IQ deficit"
"In a follow-up, when the children were 3 or 4, the research team performed IQ tests to detect a correlation. In mothers whose urine contained a 1 mg per liter increase in fluoride concentration, their children's IQ was 4.5 points lower among boys. Boys of mothers with the most fluoride in their urine had an IQ around 3 points lower than mothers with the least amount. "
"Around three quarters of the United States drinks fluoridated tap water - heralded as one of the 10 greatest public-health achievements in the 20th Century by the US Centers for Disease Control as it reduces tooth decay dramatically."

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You know, it's great shorting XRP because you have the Ripple team and founders on your side.

Making a poop cake at the low level... Barely hanging on... Slowly falling...
Actually going to follow this bars patern I copied XD
Drop, bounce with failure to get back to 25 cents, then steady downtrend to zero.

I doubt price will just instantly fall vertically, going to trend down for a while.

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"It’s easy to see that it’s not possible for such a thing to exist.

If there existed some low-risk, reliable way to make huge returns that large numbers of people could use, then lots of people would do that and they would all quickly get rich. But where would all this wealth come from? There simply doesn’t exist enough wealth in the world for so many people to be so rich.

So it is not possible for there to exist any low-risk way to get high returns that is open to large numbers of people. There is no source of limitless wealth that humans have discovered or created.

If you keep looking for something that cannot possibly exist, you will fail over and over again. You’ll lose money in forex, then you’ll lose money in binary options, then you’ll lose money in options, and then you’ll fall for a ponzi scheme.

Until you understand that the risk/reward trade-off is fundamental and that you must decide how much risk you are willing to take and understanding precisely how much risk you are actually taking, you will fail in any sort of investment you attempt.

The other problem is that a strategy cannot maximize everything. With only a $50 investment, that means your maximum loss is $50. With a target gain of $400 per week and a maximum loss of $50, the odds of a loss will be extraordinarily high, roughly 90%. So you’d have only about a 10% chance of making it to week two.

Alternatively, you could keep $25 aside in case you fail your first week. But your odds of losing everything two weeks in a row would still be unacceptably high.

Say your investment is $50 and the first week, you get unlucky and lose 50%. That will leave you $25. The problem is that even if next week you get lucky and gain 60%, that will only be 60% of $25 that you gain, leaving you with $40. So with a -50% week and a +60% week (a great result) you’ll wind up with less money than you started with.

You must hold money aside in case you have bad luck in the beginning. With just $50, you can’t possibly do that.

And two quick reasons VTM is not the answer:

They talk all about their strategy but never talk realistically about risk. That is the most important thing and they don’t even talk about it.
Given their affiliate link to binary.com, they likely want to be your IB. Having an IB makes it much more difficult to be profitable as the IB’s commission is significant."

Your assignment today will be guessing who wrote this :)