Next coin on Coinbase DOESN'T Matter.. FUD as a buying opp?

in cryptocurrency •  4 months ago

XRP (Ripple) pumped nicely on rumors that it would be the next coin added to Coinbase, until Coinbase sent the XRP price dropping with one simple tweet. Let's talk about why the next coin on Coinbase is a dumb investment thesis and really doesn't matter at all. Also, let's discuss Waltconchain's idiotic and hilarious tweet that sent the price plummeting, and how it actually provided an excellent buying opportunity if you are into WTC.

The tweet from Coinbase regarding XRP and other coins: https://twitter.com/coinbase/status/970746383308177408
@CarpeNoctom's tweet on Coinbase: https://twitter.com/CarpeNoctom/status/970904339891064834

Crypto Exchanges making $3M per day? https://www.bloomberg.com/news/articles/2018-03-06/exchanges-make-millions-a-day-off-crypto-fees

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coinbase Coinbase tweeted @ 05 Mar 2018 - 19:42 UTC

Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDA… twitter.com/i/web/status/9…

CarpeNoctom #33kByJulyMoku⚡️ tweeted @ 06 Mar 2018 - 06:10 UTC

If u think u can trust what coinbase says re: new coins ur being played

Does no one remember the bcash release?

T… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

Good information my freinds ..
I like your post..

I believe that the circulating supply of XRP is just too big that we will never see it mooning as everyone wants or thinks that it will get.

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Agree that new coins added to the Coinbase line up willnonly have temporary price impact but adding liquidity is a good long term indicator as well. Now, with the index fund announcement, the impact will probably be larger so will need to watch how it works. Not only will liquidity be added but new investors will het onboard as they do not have to worry about learning about wallets and security issues of holding these assets.