I recently met someone who I like and respect and they mentioned that the pain is not real yet.
I can assure you after watching markets for many years, the pain is currently real. You will hear things in the following weeks that will sound horrific and bearish and the market will trade up on it.
This is how the tide turns.
Negative basis to mining Break Even is the largest ever in BTC history.
Negative basis to S2F 463 days is the largest ever in BTC history. 463 S2F goes to 1M in just 3 years.
The decision then is does BTC go to zero, if not then ..... well you know the answer.
Given the above, the technicals on XRP are in the same real pain mode.
The SEC wants claim that XRP is a security. This designation would decimate the utility model for this crypto currency. (Ripple has nothing to do with this previous statement - the 2 issues are separate while having synergies).
I can assure you after watching markets for many years, the pain is currently real. You will hear things in the following weeks that will sound horrific and bearish and the market will trade up on it.
This is how the tide turns.
Negative basis to mining Break Even is the largest ever in BTC history.
Negative basis to S2F 463 days is the largest ever in BTC history. 463 S2F goes to 1M in just 3 years.
The decision then is does BTC go to zero, if not then ..... well you know the answer.
Given the above, the technicals on XRP are in the same real pain mode.
The SEC wants claim that XRP is a security. This designation would decimate the utility model for this crypto currency. (Ripple has nothing to do with this previous statement - the 2 issues are separate while having synergies).