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Bitcoin Drops $700 In Last 24 Hours

From $3900 to $3200 In 1400 Minutes.

It was a rough day for Bitcoin (BTC) HODL’s today as the crypto currency takes a big hit. Lots of alt coins are way in the red, however, a few are increasing as their USD price is a hard one to knock down. Ripple (XRP) at the time of this writing is sitting at 5350 satoshis. Last week I purchased Ripple at 4820 satoshis and just unloaded at 5350, now the plan is I’ll transfer my Bitcoin to my Margin account at Poloniex and short XRP when Bitcoin shows signs of coming back up. If Bitcoin climbs back to the $4200 range, XRP will come back maybe to about 19 cents which will drive its price to buy ripple back down to mid 4900 satoshis. There is a short window where I can make the most out of it, If Bitcoin skyrockets back to mid $4000 USD then I have just a few minutes to really cash out as Ripple price will drop.

Now that I think about it, what if Jamie Dimon were to say Ripple is the only real solution to mix crypto and banking together with legitimacy? I knew I should have just held that XRP, let’s see how the market swings in the next few days, as always be careful and do your best research fellow crypto traders.

source http://www.ezaltcoin.com/bitcoin-drops-700-in-last-24-hours/