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Dorjoy12

XRP did mistake!

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Xrp or Ripple is the top ten ranked  crypto currency  in crypto world  but now It's  look like that it had a bad future  due to some mistake..   Wednesday,  the Hong Kong exchange  site OSL suspended  the xrp trading  because xrp  violating federal securities laws via sales of XRP to retail consumers...  In this case, OSL exchange  site taken this decision  which lead xrp price  drop to 33 cents... 

 

So guys  do you think xrp will raise up again from this situation?

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1 hour ago, Dorjoy12 said:

Xrp or Ripple is the top ten ranked  crypto currency  in crypto world  but now It's  look like that it had a bad future  due to some mistake..   Wednesday,  the Hong Kong exchange  site OSL suspended  the xrp trading  because xrp  violating federal securities laws via sales of XRP to retail consumers...  In this case, OSL exchange  site taken this decision  which lead xrp price  drop to 33 cents... 

XRP is crashing right now. Most likely due to lawsuit faced from United States' security exchange commission (SEC) for breaking investor protection law in trading XRP. It has beed having so much negative effect and this is some part of it. https://coinmarketcap.com/nl/headlines/news/ripples-xrp-slides-13-on-sec-lawsuit-worries-whats-next/

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In addition, there was another warm development. Bitwise management, the crypto asset manager claiming that XRP is a security, has also taken action and announced that it has terminated the XRP position in cryptocurrency index funds.

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In fact, now Ripple's future is in great danger due to a lawsuit filed against Ripple, where Ripple has been accused of violating securities laws in selling the XRP currency, and a lawsuit has been filed regarding this by the US Securities and Exchange Commission (SEC), the direct reason for the lawsuit is to collect At least $ 1.38 billion by Ripple by selling XRP without providing the kind of financial and management information required. It used this money to fund its operations and maintain XRP trading markets.

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Yesterday, I made a big mistake to buy some XRP because I saw it has crashed heavily and thought that it is a good time to invest in it but after my purchase I read in the news that XRP has been accused with offering securities without registration. Ripple has to defend XRP in the courts and will have a hard time to save the coin. I don't know what will happen to XRP in the next few weeks. I bought it at $0.36 and it is now about $0.28! I have already lost about 7% of my capital. I have two options. 1 - To wait until it rises again. 2 - To convert it to another coin to compensate for losses. What is your suggestion? I want to get out of XRP with the least damage.

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The SEC ( Security Exchange Commission ) of the USA, has now opened criminal preceding against Ripple / EXRP. For illegally selling their coins to investors. Apparently, the way XRP sold their coins to investors was illegal. Of course, this has hit the price of XRP very hard. Also, other crypto currencies. Even the head / owner of XRP, admitted that they have done this. It was done unintentional but ignorance is no excuse in the eyes of the USA justice system.It can also be the case that the SEC is using XRP as a scapegoat. 

 

Where this goes remains to be seen. This just might be a smoke screen that the SEC will use to start to attack all cryptocurrencies & the trading of them. You never know how things can go anytime when the USA starts making waves against something or someone. Only time will tell.

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It's surprising that the third most valuable coin is in this state. While there are many worthless coins in the crypto coin market, negative news about Ripple suddenly decreased the value of Ripple. There were people who thought it would go down a lot after the Spark Token. But this news was unpredictable.

Edited by barancell12
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Ripple is having lawsuit which is not good for its price and its reputation of XRP, just because of that XRP is losing a lot in price, if they lose lawsuit XRP will be removed from a lot of exchanges.

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Ripple coins are the best currency in the crypto world.  But the ripple coin suddenly started to go down.  But if you sell these coins in panic for the price to go down, you will be wrong.  So hold or invest your coin.  I see now Ripple has started pumping again.

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11 hours ago, NesMarket said:

it is not profitable to have money invested in xrp at the moment.

But i am pretty sure that xrp wont be die like this just for some suspended from different exchange or security..  In this case, its risky to invest on xrp but the profit will be outstanding..  Those trader who has experience about risky trading can make good profit now Because yesterday xrp was 27 cent and today 33 cent mean increase up..            

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This is coin that is long present and I think that drop of price is more due panic than real issues, I am sure it will be stable again soon, I would hold it.

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On 12/24/2020 at 1:59 PM, Brushless4500KV said:

Yesterday, I made a big mistake to buy some XRP because I saw it has crashed heavily and thought that it is a good time to invest in it but after my purchase I read in the news that XRP has been accused with offering securities without registration. Ripple has to defend XRP in the courts and will have a hard time to save the coin. I don't know what will happen to XRP in the next few weeks. I bought it at $0.36 and it is now about $0.28! I have already lost about 7% of my capital. I have two options. 1 - To wait until it rises again. 2 - To convert it to another coin to compensate for losses. What is your suggestion? I want to get out of XRP with the least damage.

I made a mistake bigger than yours, I bought it when the price was 0.55$ because I thought it would explode and it would reach 3$ as it happened in 2018, however there is still some time to get out of this mess, for me I sell at a good point and buy back From the bottom, but I intend to get rid of it before the month of March, because perhaps the outcome of the trial will be negative, and then we will lose everything.

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Some people see this eventual lawsuit as an attempt to attack or control the decentralized nature of cryptocurrency. The US SEC is trying to regulate and control xrp that may eventually lead to more attempts on other crypto. We should continue to support cryptocurrency as a decentralized form of currency and should not allow any government to take control of it.

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5 hours ago, jackycrypto485 said:

I made a mistake bigger than yours, I bought it when the price was 0.55$ because I thought it would explode and it would reach 3$ as it happened in 2018, however there is still some time to get out of this mess, for me I sell at a good point and buy back From the bottom, but I intend to get rid of it before the month of March, because perhaps the outcome of the trial will be negative, and then we will lose everything.

The sudden fall of XRP fooled many people. They thought that it is a great time to buy at the bottom and sell at $0.75! I also suspected this price crash because ETH, BTC and LTC were still high but XRP was 36% down! Since Ripple often follows BTC, there should be a problem when it changes direction. Anyway, I sold it with some losses because I didn't want to lock my money up in XRP with an unknown future. I will soon recover my losses through day trading with BTC.

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I personally think that XRP will not die but certain that are doing a lot of damage will not die for the simple reason that a lot of capital behind this cryptocurrency I think will go forward
A big greeting to the whole community and good luck

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We are going to see this with different coins, now the SEC, putted the eyes in central proyect the reason is easy money, this affect the price very strongly, personally I will buy in the deeply I hope that the price down much more at the end of this new always we can see the sun, is only bad situation but not the end for XRP there are many company behind this

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19 hours ago, Brushless4500KV said:

The sudden fall of XRP fooled many people. They thought that it is a great time to buy at the bottom and sell at $0.75! I also suspected this price crash because ETH, BTC and LTC were still high but XRP was 36% down! Since Ripple often follows BTC, there should be a problem when it changes direction. Anyway, I sold it with some losses because I didn't want to lock my money up in XRP with an unknown future. I will soon recover my losses through day trading with BTC.

I think you made the right decision, the future of XRP is now unknown and nobody knows what could happen, Ripple could lose the case and thus XRP will end up as a coin and this scenario is very bad so it is better to get rid of it even with a loss and I think I will do the same.

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That's why the price of XRP fell dramatically after rising at the end of November. The abuses committed by XRP have a long tail as the Hong Kong exchange has suspended the sale of XRP there. This surprised us because after going up, XRP went straight down to its previous price. In my opinion, building trust in the crypto world is very important, if investors have lost faith it will be difficult for the coin to survive in the market.

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4 hours ago, jackycrypto485 said:

I think you made the right decision, the future of XRP is now unknown and nobody knows what could happen, Ripple could lose the case and thus XRP will end up as a coin and this scenario is very bad so it is better to get rid of it even with a loss and I think I will do the same.

I don't recommend you anything regarding what to do with your XRP coins my friend because I don't want anyone to act based on my words. You may do something and regret what you have done. I suggest you to consider all the aspects yourself before making a final decision. I preferred to sell with some losses (not big ones). I was afraid of XRP to be delisted from exchanges. I couldn't tolerate thinking about Ripple's fate all day long. I sold it because the piece of mind I have now worth more than a few dollars I lost.

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Bistamp suspended and there will be more. When Coinbase suspends XRP trading it will be the end and price will go lower than 10 cents. Maybe Binance will keep trading. In fact I never made good trades with XRP and I wasn't able to predict the 200% pumps it had during the last three years since I joined, and all the rest times it was only dropping in sat and usd.

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tail as the Hong Kong exchange has suspended the sale of XRP there. This surprised us because after going up, XRP went straight down to its previous price. In my opinion, building trust in

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Xrp is facing huge bad problems at the moment and as the case filed by SEC getting huge attentuon Xrp seems to go more into this problem. And because of this decision we have seen huge dump in the price of Xrp and many exchanges de-listed XRP. And I think if this goes same sure all exchanges providing services on US won't be able to provide XRp trading. And For Traders, I suggest to stay away from Xrp untill everything settled out.

 

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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On 12/26/2020 at 8:15 PM, Ocean of Islam said:

Yes dear @Dorjoy12 you are absolutely right as they violated the rules and regulations they are banned at for some time till they review Thier rules which are threat for national security.

 But xrp can recover this problem sooner or later which will help to pump xrp for long term..  Actually some xrp holder become panic to get this suspended news of xrp which lead them down more xrp price.  By the way, xrp project team is strong so wait for some myth        

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Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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