RE: China initiates crypto ban! Bitcoin price plummets

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China initiates crypto ban! Bitcoin price plummets

in bitcoin •  7 years ago 

Yep, it's a time to buy or hodl, but not to sell. What crazy person would sell in such a huge dip? I might pick up some XRP. That will be at least double the price a month from now.

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What crazy person would sell in such a huge dip?

A newbie looking for quick profits - or a trader on margin (ouch.)

Dear nxtblg,
Of course there are people who might need to sell cause of their trading plan but you know what he means - if you are a longterm holder and not going short or anything like that, then you should buy now and not sell (generally).
Yours truly,
Gandalf The White.

Oh yes, I know what he means. With the possible exception of selling a little to pay down debt, I'm HODLing myself.

K, just saying. Have a good one my friend.

Absolutely. Yeah, you should not sell - except you are going short or your strategy says that you should sell (whatever strategy this might be haha).
I am not a fan of xrp - still holding a bit. I made profit with it but there are way better coins like eg. btc, eth, dash, xmr,...
Have a nice day my friend!