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Showing content with the highest reputation on 10/23/2019 in all areas

  1. 4 points
    Molten

    Charting the course of XRP

    Meanwhile, if anyone out there is a fan of LTC.... this looks like a falling wedge that is about to break out hard. No financial advice here, but this might be a good time to pick up some LTC (if you are a fan). EDIT: In fact, looking a little closer, we've had a bullish divergence on the MACD and RSI along with this falling wedge. I just convinced myself. Transferred my speculative ETH play into LTC. Let's see what happens.
  2. 3 points
    Molten

    Charting the course of XRP

    Two scenarios as I see it: 1) This is bad. I don't think that's likely given the overall trend, but if the trend irreversibly breaks down, that would be bad. 2) Wyckoff spring before a big move? Looks very much like it to me. I guess there could be a #3, that the channel never mattered and breaking it doesn't result in any big moves, but I don't think that's likely.
  3. 3 points
    Will_

    Charting the course of XRP

    XRP holding its ground on this BTC drop... nice to see!
  4. 2 points
    Elysium2030

    Charting the course of XRP

    Aaaaand back to 0.28xx
  5. 2 points
    Julian_Williams

    Tracking XRapid usage

    Like many others I have been following the Bitso Liquidity index which can be seen using this link: https://docs.google.com/spreadsheets/d/1pZ2POpljERK-oV3rusaCmq58U2badn5i9WOCIP9Wtmg/htmlview#gid=1888946776 The rate of uptake on new corridors is one indication of how quickly utility is likely to grow after it is seeded. If the Mex Bitso corridor is typical we can expect usage to double and double and double several times a year. I thought I saw a pattern which represented people sending cross border payments back to Mexico at the end of every month. In Jun - July there was no bulge of payments This first bulge began about July 22 and built up until Aug 14 and then dropped off dramatically The pattern repeated itself in Aug 22 to Sept 14, ( the payments appeared to go on an extra day or two until 15-16) The pattern repeated itself in Sept 22 to October 14 reaching new highs - but then something surprising happened; instead of dropping off the daily values just continued to go up and up. Today is already a record and it will continue to grow until midnight. Today is huge and accelerating upwards. In previous months the 22 is at the bottom of the cycle, so this cycle confounds all my expectations and theories. Perhaps others have points of view? The pattern might not be end of month payments? There is also this blog post summary about liquidity by XRPtwin which I recomend a read https://xrpcommunity.blog/corridors-easy-difficult/
  6. 2 points
    Molten

    Charting the course of XRP

    Everything looks good on XRPBTC, not much to see there. The drama is in the USD pair but you may be correct that XRPBTC is the better indicator of the current state of XRP. I am watching XRPUSD because I am genuinely surprised that we breached the channel to the downside, even if it is because of BTC. Watching to see if can get back in or if this is a setup to a bigger rally, which I frankly was expecting today or very soon.
  7. 2 points
    Molten

    Charting the course of XRP

    This @Gorgalosk
  8. 2 points
    Gorgalosk

    Charting the course of XRP

    Not trying to be a troll, honestly, but am I imagining the post(s) yesterday that said something about us seeing action one way or another by 4pm est? Is there a reason this didn’t happen? Am I just an old man with a bad memory?
  9. 2 points
    Molten

    Charting the course of XRP

    This could be trouble. Watching closely. We have another trendline to watch and if this breaks, I will be unhappy.
  10. 2 points
    Molten

    Charting the course of XRP

    It happened! XRPUSD crossed bullish on the weekly MACD. This has been an eventuality for the past few weeks, but nice to finally see. For those that don't remember or didn't see it before, this is significant because there have been very few instances of this in XRP's past and all have led to significant price increases. Past performance doesn't guarantee future behavior but.... this is pretty spot on as a bullish indicator. Now let's see some price appreciation! Waiting...
  11. 2 points
    GiddyUp

    Tracking XRapid usage

  12. 2 points
    Freaky

    XRParcade Ripple ecosystem updated

    I can say the same thing for the Australian Banks.
  13. 2 points
  14. 2 points
    AlejoMoreno

    Charting the course of XRP

    @Caracappa @Plikk Just ignore him. Don't feed the trolls. He gets excited when he gets attention like this. A lot of us appreciate people that go through the effort of doing TA because it helps provide some insight into what is going and because we have no interest in doing it ourself. It also sparks interesting conversation between opposing viewpoints.
  15. 1 point
    KillXRP

    Charting the course of XRP

    ....to take a run-up
  16. 1 point
    Seoulite

    Tracking XRapid usage

    This seems most likely to me. It is highly likely that regular remittances will follow monthly cycles in the way OP originally assumed. But the market is still quite small and so sudden noise can drown the signal. I would expect as the years progress that ODL remittance transactions will settle into monthly cycles according to when people are paid in different countries, also yearly cycles related to public holidays and tax events. Exciting times!
  17. 1 point
    MQB

    Charting the course of XRP

    BTC took the whole market down, so maybe XRP/BTC, not XRP/USD, is more meaningful for now?
  18. 1 point
    Molten

    Charting the course of XRP

    Possibly but if the buyers are there at these prices, we should see a nice bounce. If not, then it doesn't really matter why, it's not good.
  19. 1 point
    Truckdriver

    Tracking XRapid usage

    the news of late and threads like this makes me want to dance
  20. 1 point
    Molten

    Epic Pennant on BTC Chart

    Organically traded assets aren't usually littered with vertical lines like this. What an absurdly manipulated chart BTC has... smh.
  21. 1 point
    Too much good news!! must.go.down.
  22. 1 point
    Nice @Panosmek this stands out as outstanding "ODL volume grew 5 times in Q3 compared to Q2 and we are currently about 20 days into Q4 and its volume has surpassed the half that of Q3. And this is only the beginning."
  23. 1 point
    Molten

    Charting the course of XRP

    Until it didn't. The bottom of the channel is holding, however, around $0.29. This is what I am looking at going forward. We have two potential ascending triangles: one has the upper support at the candles and one at the wicks ($0.302). I expected better action today after breaking the triangle yesterday, but so far no luck. I think I can say, rather definitively, that we will see some significant price action at the intersection of one or both of these triangles, which would coincide with Friday or Saturday. I think the higher line is probably the more significant of the two, but the lower line has more touches. First things first, we need to respect the channel right now.
  24. 1 point
    There is much resistance for Libra and Brad isn't wrong, their reputation is awful and with something as serious as money they just can't be given a monopoly with so many users, they would dominate the market, that includes hurting USD. Some speculation, but perhaps a good solution would be something along these lines; https://medium.com/hackernoon/can-blockchain-and-privacy-save-facebook-cfbe768d1ffe Other private companies solutions (like ripple) can tap into facebook/whatsapp via API's to provide services to all those users on top of these apps, of which cross-border payments could be one of many apps running on top of their service. Facebook will try to resist this as it absolutely decimates their monopoly on users, but there is much debate in congress with regards to this right now. I would not be surprised, with the amount of help regulators/congress is asking for to help understand all this new innovation (they are unskilled & clueless when it comes to tech/innovation), and with the new office Ripple has established in DC, that ideas along these lines will be placed in policymakers heads. Whether something along these lines ends up happening to some/all platforms (not just Facebook) is something we are yet to see, but it would not surprise me.
  25. 1 point
    Zedy44

    Tracking XRapid usage

    This sounds fairly plausible. Maybe Ripple advised for incremental volume targets for MGI and others to reduce risk of increased volatility around available liquidity across exchanges? If the trend on the charts continues, in addition to XRP's price slowly rising with the rest of the market, I'd also expect to see a significantly more stable XRP price if the rest of the market turns downward temporarily while in one of these higher XRP volume channels. Basically price will appreciate as the market appreciates, but downward pressure is nearly eliminated during these xRapid volume ramp ups. So liquidity will steadily be built over time with the only downwards pressure on price/iquidity when the rest of the market swings down during the low xRapid volume days of the month. Kind of like 3 steps forward, 2 steps back. This would lead to baby steps with liquidity / price and volume increases.
  26. 1 point
    Tinyaccount

    Tracking XRapid usage

    Is it possible that you had identified a cycle in a single, or small group of senders, who initially represented the bulk of the value being transferred. So their pattern of usage affected the overall chart. But perhaps the tap is opening and that signal is now being drowned by a more constant increasing volume in all the other senders? (Not sure if I explained my point properly...)
  27. 1 point
    mistatee2000

    Tracking XRapid usage

    Am looking forward to the Philippines corridor showing the same growth curve
  28. 1 point
    Zedy44

    This doesn’t look good for the economy

    Didn't someone report recently that student loan debt delinquencies in the US has for the first time surpassed mortgage debt delinquencies? I really don't see the housing market imploding again like it did in 2007-2008. For example,. if the US / global economy falls into a recession you can almost certainly bet when people have to choose between paying their student loans vs paying their mortgage they are going to choose their mortgages. This will subsequently cause the student loan delinquency rate to skyrocket similar to the mortgages during the last recession, but with limited damage to the broader markets since student loan debt is not liquid in any way. It's not like in 2008 when people owned something of tangible value in a home which lost 40% of it's value almost overnight. There's nothing for the lenders to offload like foreclosed homes or short sales. It's just debt obligations tied to individuals with nothing they can reclaim. I doubt there is much the banks and lenders can do to offload the bad debt except forgive most of it and overhaul (regulate) their lending practices to prevent such a bubble in student loans from ever occurring again. The only other major debt item I see barreling down on the US economy in the next decade are vehicle loans. New vehicles are prohibitively expensive, yet people are still purchasing them with 7 year car loans. If they trade in and roll their loan over within that 7 years, probably around the 3-4 year mark, the second note is going to be absurdly high for the value of their second new car. People will walk from these bad loans. This combined with the rise of ride sharing services rapidly on the rise should lead to a big overhaul of the automotive sales industry in the US.
  29. 1 point
    Announcement from Ripple https://www.ripple.com/insights/ripple-expands-global-regulatory-team-in-d-c-and-joins-the-blockchain-association/
  30. 1 point
    I'm going to smile so much more when the price catches up to where it should be. For now, I am thankful I can accumulate an incredible asset at such a discount!
  31. 1 point
    dr_ed

    Epic Pennant on BTC Chart

    You might consider putting some of it in Tether or USDC.....I don't think XRP keeps running if BTC tanks. (not financial advice, lol.). But I'm doing the same thing you suggest, since I'm really overweight XRP already and sitting on almost no BTC. But cash is king if BTC plummets imho. I'm almost certainly taking more risk than I should. I'm still looking for the reversal too. I am aware that the chart is not that great in "death cross" terms. But so far we're just testing support on the one hour. Maybe it holds. Momentum has faded. Let's see which way it breaks now. I'd like to see the AO stay above the line.
  32. 1 point
    Eric123

    Epic Pennant on BTC Chart

    Looking at the bitcoin moving averages you can see the 50 day broke below the 100 and is moving toward the 200. Admittedly these do not look good but I am still looking for a reversal. The Moving averages and the XRP chart look a little more promising.
  33. 1 point
    Molten

    Charting the course of XRP

    To be fair to @MQBhe made a nice comment a few pages ago and even posted a chart of his own over the weekend. I think he is maybe coming around? Anyway, let's all rejoice in the coming shattering of the $0.30 ceiling!
  34. 1 point
    Plikk

    Charting the course of XRP

    @MQB why the continuous ‘laughing emoticon’ when Molten explains a theory of his? What’s so funny about it... I find it quite annoying that someone is putting a lot of effort in explaining his TA views, is constantly ridiculed by you or others without actually counterargumenting it. It comes accross quite childish and is not very polite IMO.
  35. 1 point
    Stellios

    XRParcade Ripple ecosystem updated

    I work for one of the UK banks referenced as part of the ecosystem. Without wanting to undermine your hard work, the contact between Ripple and the bank was minimal at best.
  36. 1 point
    That wasn’t the Bitcoin symbol, it was for the Thai Baht,
  37. 1 point
    Hi, My team has put together a model in Latin America to allow point of sale and money transfer from phone or credit cards. Without all the details here, we need a developer who can do the back end. We have the front end developed, though it will need some small changes. The business model gives back to the community and creates wealth for the citizens of the countries. If you are developer and are interested, let me know. thank you. William
  38. 1 point
    Because the alignment of the stars is unfavorable at the moment.
  39. 1 point
    lll_lll

    Q3 2019 Market Report

    To paraphrase Brad, Exxon has a lot oil. People use it, people invest in it. I don’t see anyone asking them how much they have. Or maybe We can ask the same question of Saudi Arabia.
  40. 1 point
    lll_lll

    Q3 2019 Market Report

    silly non-argument No it’s not. You are asking private individuals and private companies to make public what they are found with their assets. I am asking you to do the same.
  41. 1 point
    Julian_Williams

    Q3 2019 Market Report

    Nothing about new partnerships? They still keep quoting 200 which is much less than they should have signed up given that they claim to be signing 3 new partners a week (150 a year). I think they are hiding the growth in partnerships - maybe we will hear more at Swell. Maybe partners are less easy to assess as they trade through third parties like Corda R3 etc?
  42. 1 point
    Freaky

    Q3 2019 Market Report

    It's not so much the effort they put in, as you state, it doesn't take much to type up a paragraph. It's more around the need to address it. Ripplenet and XRP is primarily targeted at Banks and Institutions, this is who they sell licenses to. Joe bloe public perception should be irrelevant.
  43. 1 point
    Freaky

    Q3 2019 Market Report

    I think the fact they try to address FUD is not a correct approach. They should not stoop to that level. If they are signing new partners every week and growing the network, FUD should be of no concern to them. We saw the backlash Brad copped a couple of months ago when he tried to address it via Twitter. Kinda backfired on him.
  44. 1 point
    Benchmark

    Q3 2019 Market Report

    @Cooliozxrp Look at that bro! You get a shout-out from Ripple.
  45. 1 point
    SORRY: This is a re-tweet from July (don't recall seeing this): Bank of America patent just went public: https://twitter.com/xrp_news Sourced this from @BankXRP
  46. 0 points
    I want justice to be served for me, but in this case people also need to know what really happened. I am taking full technical responsability for the Gatehub Hack, and will defend myself the best way I can in court of law. I don't need to introduce myself. I have never been that so far. Note that I'll strongly argue I have been manipulated doing a string of hacks for money, including gatehub, and it willnever explain or excuse the actions. But I hope it will be noted that I want to face justice, but I just can't accept other people taking all the profit ( my accomplice from my country took twice than me), and Omniking / AmIEdgyEnough, on my back, took the rest, just by manipluating and blackmailing me. More people are involved. The attack was done by me and I'm fully aware of what I did, everything was planned, and oncxe again nothing should be excused. I could say a million times I'm sorry for the whole hacking problems, but I'm not and the best I can do now is to accept justice and face it. Only if others people involved, much more believe me, mischievous than me, because I'm choosing a worthy end, than me, will do. All I can say now to the victims, to Enej, is "sorry". Gatehub is I believe at fault for not having a good enough opsec but they faced the music more than you think. All the victims will be refunded, court will decide. And I really hope not only me but the people really involved will face her as well. No need for them to be smarter, because without my technical skills gatehub would have been spared. I'm once again so sorry, Enej knowsd I tried to escape identification & planned a plan to avoid being caught. I planned the hack and was made evil?. But I'll explain the whole story, how I see things in a court of law and fight for real justice to be served. Gatehub has its user database from 2017 stolen from an AWS S3 backup and I used the tokens to dump the API keys & decrypt them with AES. I needed the secret key which is the bcrypted password. Someone stated it earlier & he was right. A million times sorry, my actions will make peace to the whole world and the emoragy will be ended.
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