Irish3538
Singkat

Liquidity moving out of BTC to XRP (next stop... FiAT)

BITSTAMP:BTCUSD   Bitcoin / Dolar
I think people are setting up to cash in profits (to FIAT) before or after new years (depending on tax benefits). BTC             has been in a down channel for a few days and XRP moves up after each slip. I think market liquidity is moving to XRP (as the cheapest and quickest major currency) to be sold for FIAT around New Years. Example: I trade on Binance but must use Kraken if i want to transact in USD (not tether). When i want to take profits in FIAT, i sell whatever altcoin into BTC             , then buy up ripple and move that over to Kraken which is the most economical way to liquidate (for me). Plus XRP price action has been a better hold position than BTC             this past week or two. So if i was holding, waiting to sell, i'd be amassing XRP.

I think what we're seeing this type of action now as people set up to take profits. Or i could just take off my tinfoil hat and enjoy the ride...
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