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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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7585572 No.7585572 [Reply] [Original]

Yesterday I started shorting XRP (ripple) against XRB (nano) , the prices when the short started were xrp: 1.06$ 0.00012625 BTC and xrb: 9.06$ 0.00107787 BTC (for those who will ask this short didnt take place on exchange , it was a private one).
The XRB/XRP usd ratio when short started was 8.5471 and currently is 9.4095 that means so far so good.
Am thinking to keep this short , till XRB hits 26-30$ , what /biz thinks about this investement ?

>> No.7585840

I think it will shortly become clear this is a losing strategy

>> No.7585852

>>7585840
can you give more info why you think that ?

>> No.7585868

>>7585852
XRP is going to outperform XRB before XRB hits the targets you have given

>> No.7585895

>>7585868
can you give some of the data you base your opinion on ? from my research xrb show strongs sign that it can get back on ~20$ levels before xrp hits even 1.65$

>> No.7586045

anyone else ?

>> No.7587068

shameless bump

>> No.7587102

just my gut but I would expect ripple to hit 1.65 before nano to $20. nano is running scared while ripple is backed by a million retarded normies

>> No.7587247

>>7585572
what fuking waky way of trading. how did you stumble upon that trading platform? why not just short or long xrp or xrb in more conventional ways? i know xrp is available for marging trade on platforms...

>> No.7587325

>>7585895
coinbase will happen.

>> No.7587617

>>7587247
as i said the trade didnt happen o trading platform or exchange but in person with someone i know.

>>7587325
my plan is to sell at 20% profit , already at 7.5% am to looking to keep it open for long, my prediction is that it will be closed weeks before xrp entering coinbase

>> No.7587643
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7587643

>>7585572
long ETC instead of XRB and you're fine.
XRB is in a downtrend just like XRP, ETC is just beginning to pump.

>> No.7587712

>>7587643
etc seems lke a very bad choice to me , performane wise compared to xrb

>> No.7587727

>>7585572
XRB literally has a wallet bug, people have been losing money to hackers / glitches with XRB for fucking ever. Every time there is a spike to 0 the XRB people go "ohhhh someone got lucky" or "fat fingered hehehe"

>> No.7587805

>>7587712
XRB is an overhyped shitcoin, it has so much downside. Look for example what happened to DGB in 2017 :
https://coinmarketcap.com/currencies/digibyte/
With the recent bad news XRB it will just continue to bleed over the next months (just like ripple).
ETC on the other hand has good fundamentals (hard fork coming) and hasn't pumped yet in this altcoin bull market.

>> No.7588824

>>7585572

HA

on odds alone xrp increasing by ~60% compared to xrb by ~200% sooner?


and then compare the prospects of both projects in terms of development, and market saturation.