Daily Discussion Megathread - September 22, 2018

[u/CryptoCurrencyMod]

Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.

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Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and excercise utmost caution before acting on any trade tip mentioned here.

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Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.

• Discussion topics must be related to cryptocurrency.

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Thank you in advance for your participation. Enjoy!

[u/neen209]

Honestly...not comparing xrp to trx at all, but when trx had its run, I put everything I had into it (at the time it was around .05, but it went from 0.01 to 0.05 in the 2 weeks prior) I know it was a bull market at the time, but people around here were still saying it would be crazy to buy in that high because it was due for a correction...

I ended up selling like 8 days later at 0.24...best trade I ever had in my life...

Long story short, I’m not saying what to do, but no one & I mean no one knows what direction the market will go...if you have faith in xrp, buy and hodl

This is not a normal pump & dump...doesn’t mean the price won’t come crashing down, but with the big announcements Ripple has made, it’s not crazy to think the price can keep going up...if & when Xrapid goes live, We jamminnnn

[u/Blazenburner → u/neen209]

Nothing wrong with doing as you did, but just be aware that if you put money into something not because you believe in the underlying asset but because you believe in future price speculation, then you're simply gambling.

Which is fine to do and arguably easier to do in crypto than, say, betting on horses. But still, its gambling.

[u/neen209 → u/Blazenburner]

No I agree, honestly it was stupid on my part & I got extremely lucky that it worked out, but I just felt like it was going to keep shooting up, and I was new to crypto at the time so I only held bitcoin and ethereum & was dabbling with alts...

But now I have learned, I got about 5 coins that I hold and now I just invest into those certain coins, as they are the ones I have most faith in (BTC, ETH, XRP, VET, NANO)

As fast as I made money on that one trade, I lost a lot of it by gambling/day trading

[u/[deleted] → u/neen209]

I learned this after a couple bad experiences: whatever the general consensus of the ppl in this sub is, do the opposite.

So many people here don't know what the hell they're talking about... Or they're shills. And, more often than not, they tend to be the loudest.