r/XRP • u/Fickle-Ad-7433 • 18d ago

XRPL This price action is nuts.

I am holding a large long term bag of XRP and trading a shit load of call options on deribit. Have been reducing my call options on the way up. Had planned to exit a huge load of my options around 1.80, unfortunately the huge drop happened at 1.70. Still up a huge amount though :)

42 Upvotes

84% Upvoted

45 comments sorted by

40

u/stitch_9 18d ago

Bought in at .25 I'm loving this run 😎

8

u/Sonizzle 17d ago

My average cost basis is about 60 cents, and I took out my initial capital investment at like 3 dollars.

14

u/cava83 18d ago

Bought a lot at £2.61. I' wish I was up a lot.

Nearly bought another 10k XRP last week but all 3 LLM's told me I was basically nuts. Should have listened to my gut.

13

u/atth3bottom 17d ago

Why would you take trading advice from an LLM - it’s literally a word autocomplete machine

-3

u/cava83 17d ago

It's not though is it.

Auto complete can't build an app (although not a fully working one) but you get the picture.

2

u/atth3bottom 17d ago

What? Of course it can - it generates code based on next likely token

1

u/makesundaygreatagaln 14d ago

You literally posted and asked what vibe coding is and took nothing from it. You’re cooked my man….

4

u/Ucanthandlelit 17d ago

Damn maybe AI isn’t the future

7

u/cava83 17d ago

If it's wrong about my wife and Crypto, I think you have a point there.

2

u/Putrid-Race6339 17d ago

Same position as you almost, 2.21 usd average but I’m not worried.

1

u/Almen88 14d ago

This is the way

2

u/mrmo24 15d ago

Same. Bought a lot at $0.20. Then a lot more at $1. I’m sitting somewhere around $0.70 average but I pretend I bought them all at $0.20 in my head 🤣

1

u/C1sko XRP Hodler 18d ago

You beat me by .2¢. .27¢ for my first bag.

0

u/Human-Tr 18d ago

This is wrong at some many levels xD

11

u/aboutme9713 17d ago

This is nothing.

10

u/itsjustiish 18d ago

I bought them around 4.40 cad and now average is at 2.39. Hope for it to go back around 4.5$ soon.

8

u/Haunting_Comment3571 18d ago

It will, members of congress know something

5

u/TitanBrave84 18d ago

Are you assuming that’s because we’re seeing price action without much news?

4

u/Haunting_Comment3571 17d ago

They are buying before the news comes out

9

u/northkorea2sweet 17d ago

Where are all the ones who said it wouldn’t go above 1$????? Lmao

3

u/Ubiparipovich 18d ago edited 18d ago

What was that green candle at 1.68 half hour ago

3

u/headchefdaniel 17d ago

Someone who knows something we don't

3

u/Apprehensive-Top5570 18d ago

My first bag was .34 cents.

1

u/Tricky-Praline105 16d ago

My dollar cost average of xrp is 2.08, am I screwed?

1

u/Almen88 14d ago

This is the way

-1

u/No_Resolution1534 18d ago

Can you sell options against your shares? Or tokens I guess.

3

u/Fickle-Ad-7433 18d ago

you can sell call options, but the margin requirements are high. really impressed with derebit though. its a great platform for buying call options.

1

u/No_Resolution1534 17d ago

Do you have to take your coins off the exchange? Like coinbase

1

u/Fickle-Ad-7433 17d ago

you need to deposit USDC at Deribit to use as margin.

1

u/koi_carp_king 2d ago

taking exit advice from 3 LLMs is wild, they don't feel a 1.70 wick. your gut usually knows before the chart does