Jump to content

Leaderboard

Popular Content

Showing content with the highest reputation since 04/14/2021 in Posts

  1. Seoulite

    Guessing corrections

    OK @banistersmind I figured I'd create a new thread for this so we don't clog up the other thread with a long post. Unfortunately you've asked me to justify the hardest prediction to justify, which is how a correction will look. This is why I said it was a very rough guess. Corrections are the hardest time in the market to trade and some traders avoid them totally for that very reason. But I will go through some of the ideas that I have been studying and others I've picked up over the last few years. First a couple of key principles of the market you need to understand: 1.
    22 points
  2. As of this writing, bitcoin transaction fees are $51.64. For those of you who are into patterns and cycles, the end of the last bull run coincided with fees going above $50. This is the first time it has happened since then. I have a BTC maxi friend. Genuinely curious, I asked him how people in bitcoin circles talk about high transaction fees; are they seen as a problem or not? He pointed me to this podcast interview with Michael Saylor. Luckily, the website shows a transcript of the whole thing, so you can scan through and browse at leisure. One of his main arguments for BTC
    21 points
  3. These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.
    21 points
  4. I really don’t understand why the forum has been getting so heated lately when we are doing SO WELL after YEARS of being in the gutter. You’d think everybody would be saying hello, good morning, how are you? Oooh everything’s fine thank you for asking, how about you sir? Instead we get incessant fighting from what I can only imagine to be either children (teenagers), and very young adults. The old timers get caught up in it too! Just automatically ignore them, don’t even respond, it’s a waste of time, it spoils the mood and it detracts from an otherwise good thread. That stuff c
    19 points
  5. Well written and compelling. And thanks to John Deaton for all of his hard work! https://www.crypto-law.us/wp-content/uploads/2021/04/Memorandum-of-Law-in-Support-of-Motion-to-Intervene.pdf
    17 points
  6. Today/last night is a harsh welcome to the people that have just recently joined in on crypto in the last few weeks/months @Mummabearinvestor (welcome to the club). Taking advantage of the low volume weekend to crash the price, trigger stop losses and gobble up your coins. Last night is the reason I always say that 1. you should never buy crypto on margin and 2. you should never use stop losses. This is exactly why so many people lose money in a bull crypto market. Am I concerned about this price drop? Not at all. I was actually more concerned about the hashrate drop until I found
    16 points
  7. Apologies for taking so long to get around to this. I modified my scripts, but for reasons I could not explain, my graphs just didn't look right. Last night I played some more and found the root of the problem - so I am now posting my latest findings, which are still not perfect, but look reasonably good. I'm getting sales volume data from Cryptocompare (CC from now on) using their "top tier" volume, which filters out some of the exchanges suspected to be inflating their volume. The data looks like this for the last few months. I plot the CC data alongside the bitstamp volume - just beca
    16 points
  8. jbjnr

    Guessing corrections

    I'd like to have a go at this ... 1) Ripple have signed deals with 300+ FIs/banks etc 2) Ripple have tested ODL with MGI for a year and ironed out any obvious problems. Clearly it wasn't a massive success, but this is stage #1 in the major experiment to rewire the finance industry, we expect it to take some time (8 years and counting!). They transferred several billion's worth of $$$ during the trial, which is something no other blockchain network has come even remotely close to (and most remarkably, until a few days ago, other networks that are not even live yet had higher valuatio
    16 points
  9. https://www.dropbox.com/s/kxzkvu64gnl8cn9/Discovery Dispute Letter Motion with Exhibits 4.16.2021.pdf?dl=0 "1. The SEC May Not Conduct Discovery Outside The Scope Of The Federal Rules OF Civil Procedure" "2. THe SEC Has Further Violated The Federal Rules By Refusing To Give Notice To Defendants And Produce Its Requests and Related Communications With Foreign Regulators." (Apparently judge hasn't ruled yet; looks very good for Ripple, however.)
    15 points
  10. It's long, some quotes that stood out to me. Emphasis mine: In January 2020, Bailard, a wealth and investment management firm, submitted its Code of Ethics for the SEC’s approval. The section that deals with the cryptocurrency asset class reads as follow: In light of the extremely complex nature of the legal analysis regarding cryptocurrencies to determine which ones are securities and which ones are not, Bailard has decided to allow investments in three cryptocurrencies – Bitcoin, Ethereum, and XRP – that are generally accepted to be currencies and not currently subject to regulatio
    13 points
  11. Well it is not a victory yet, the judge will decide. It is funny though how SEC claims Ripple has not much of a use case for XRP, and then goes on and request business info from companies all other the world that collab with Ripple
    13 points
  12. $2, like $1, is a huge psychological level. There will be a lot of buy and sell orders already clustered around it. This is not just crypto, these big whole numbers are also significant in forex and commodities. I think it's because they are so simple and easy to understand. Ever since we started to learn to count we've understood the idea that after 1 comes 2, and after 2 comes 3. It's also a nice big number that's easy for people to calculate their take profits and limit orders around. Right now it is not a question of bears shorting xrp, they have long been routed from the field. Anyon
    13 points
  13. Coindesk is the advertising agency dressed up as a news outlet, of Digital Currency Group, parent company of Greyscale, which holds 38 billion worth of BTC and 5 billion worth of ETH.
    11 points
  14. 11 points
  15. Don't have time to read it all. https://www.wsj.com/articles/the-secs-cryptocurrency-confusion-11618611723 Cryptocurrencies are a new force in financial markets, but their emergence is following an old pattern, for better and worse. Wednesday saw a step toward institutionalizing their trade with the $86 billion public offering of Coinbase , the largest U.S. cryptocurrency exchange. But regulators are creating danger for currency developers and retail investors. The uncertainty is on display in the Securities and Exchange Commission case against Ripple Labs, a digital currency is
    11 points
  16. It is your hostility and hubris that offends people, not "long term trading". Just saying.
    11 points
  17. Bitcoin's price set a new ATH yesterday and is hanging around $64,000 this morning after hitting nearly $65,000. The push to what I suspect will be $100k ish started 2 Days ago with the MACD turning bullish. Obviously there will be volatility along the way but things are looking up. Coinbase is going public today. This is one more step on the the way to adoption and acceptance for Bitcoin and Digital Assets in general. Max Keiser has likened it to Netscape going public in 1995 - I think this is an apt comparison. Between the Internet and Crypto. Raoul Pal has stated that Coin
    11 points
  18. I'm no good with TA and in fact I've never used it much. That said, I think it's possible we see $4-5 over the next few weeks. I'm basing that not on technicals but XRP's almost criminally oversold price and the fact we won't hear much news from Ripple HQ while the lawsuit is continuing. It seems counter-intuitive but throwing a blanket over Ripple execs has helped the price a lot. I can't prove this obviously but I also wonder if some of the big market makers such as SBI have stopped or slowed down their XRP sales. They can sell millions with guaranteed 15-30% discounts at spot so taking
    10 points
  19. We had hopium for that, but he had some issues with the mods.
    9 points
  20. Some of their investigations go well beyond securities laws and the Ripple case. Why do this? I think it serves a dual purpose: There's the immediate benefit in this matter. Even if the SEC is setting up for settlement, they need leverage. Putting Ripple's customers and other regulators under pressure in their home country is what leverage looks like. Ripple can call that tactic "improper" but that's lawyer-speak for "effective". Secondly, the US regulatory environment is in gridlock in relation to crypto. The US can't simply lower the bar and remodel their laws to match other nati
    9 points
  21. Hi all long term hodler popping back in to see what the fuss is all about.... To those speculating, I can confirm it really hurt watching my holdings go into the high six figures back in 2017/18, and not doing a thing about it. Greed, blind hope and hodl mentality are my biggest regrets of that era. To know you stared a life-changing amount of money in they eye, and waited for more was pure greed on my part. I regret not banking gains on the last bull market every single day, often multiple times! My father couldn’t fathom why I didn’t sell in 2018. He worked everyday of his
    9 points
  22. I don't know. I expect us to touch the ATH at some point, that's as far as my expectations go. Whether that's next week or in a year's time, I don't know. If it looks like we are not going to make it to the high I will change my plans, but so far we are looking OK. I will then make my plans depending on what we do when we get to the high. As I've said, I intend to start taking some profit around $3, partially because I want to lock in some gains and partially to hedge against the possibility that we just touch the high and turn. Honestly I shift between strong bullishness and fear. Howev
    9 points
  23. When the SEC case was announced Vitalik said XRP was a shitcoin. I have no sympathy for him. I look forward to the day Flare burns Ethereum to the ground.
    9 points
  24. The herd is actually huge. It is the sort of herd you see in documentaries when the wilder beast cross the Serengeti. The number of new entrants coming is quite staggering FOMO - crypto from social media - mostly young and internet savy FOF - mostly first world professional classes, including newly retired with their pensions (FOF Fear of Fiat) Third world undeveloped and unbanked with their mobiles. Look at M-pesa and how it was adopted in East Africa (Huge numbers) Professional in Business and Fintec, computer services - An older group, many already aware or i
    9 points
  25. I mentioned this a few posts earlier, but posting again. This correction is not XRP specific. It's just the broad BTC/ETH/XRP and other crypto market correction. It feels more pronounced with XRP because it has been going up a lot more when BTC/ETH did and going down a lot too, with similar downward movements. It's just a lot more volatile than BTC/ETH which is understandable given that a year's worth of BTC growth just got compressed in a few weeks. This is a 1D % change chart with BTC/ETH/XRP. You'll see how pronounced XRP movements are in either directions. In other words, to answer yo
    9 points
  26. I'm still in touch with many professors from my uni, i called 2 of them out today for breakfast and lunch separately, i wanted to discuss my career path with them initially. Then i try to start the crypto topic to see if they're into it, surprisingly it is a yes. Both of them are heavily into xrp, as both of them are math professors and love to play with math simulation models, at the end I got the price range of between 26.97 and 174.11 One of them did a further analysis for unlikely favourable scenario, he told me this dumbed down statement to make me understand better : "th
    9 points
  27. It is unlikely our first run at $2 will break through. Expect a rejection. We will see heavy resistance between 2 and 2.36. That is the key level. After that we have broken orbit and the rocket will have a clear shot. Going through the resistance will be bumpy as all hell. Keep your legs and arms inside the vehicle at all times.
    9 points
  28. If I had to bet, I think the court will allow intervenors some, but not full, participation in the case. Probably allowing them (us!) to file amicus briefs, but not engage in discovery. But the most important result from the Intervenors' motion may be that the court will (hopefully) demand clarification by the SEC as to whether it is the SEC's position that all xrps are securities, or is the SEC only considering the xrp sold by Ripple as being sales of securities. If the SEC clarifies that xrp held by us and others are not securities, then that alone will be a huge win for us for sever
    8 points
  29. brianwalden

    XUMM 2.0 is out!

    This is a major update! https://support.xumm.app/hc/en-us/articles/360021027899-XUMM-2-0-Release-notes
    8 points
  30. Great stuff, this after the really good Forbes article. Must confess, was initially intimidated by the harsh SEC action. But so untimely, arbitrary and flawed, now one should even welcome their arrogance since Ripple will be cleared on the important fronts. Still think BG and CL could have played this more wisely, but they don't need anyone's empathy, their money can buy them anything. Beautiful bad press the SEC is getting - of all things from the Journal which is a voice of the U.S. financial establishment.
    8 points
  31. Great set of observations and facts, friend. Thank you for sharing. Several points jumped out at me as I read your post... Saylor's own self confidence in his beliefs and expectations are, in part bolstered by his past successes, of which none can dispute. This gives him a confirmation bias that he's a visionary, and infallible of being in error with his core assessments and assumptions. This is not an uncommon occurrence with successful people. His characterization of gold's clumsy bulkiness is misleading. Transferring the value locked away in gold holdings is routinely handled
    8 points
  32. Update: Sorted by most attractive
    8 points
  33. "Though (Marc P.) Berger’s time in the top position was short, it bears at least one major highlight: the SEC’s $1.3 billion lawsuit against Ripple Labs, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen." https://forkast.news/sec-ripple-lawsuit-marc-berger/
    8 points
  34. Thread restored. XRP price speculation continues!!
    8 points
  35. Took my first profits yesterday and I would encourage everybody to do the same unless you want to play "all-in" with a lot of money. I sold 20% of my stash and recouped 95% of my initial investment. I'll let the remaining 80% ride through the ATH with absolutely no risk. After checking the price every 10 minutes for more than 3 years I kind of feel liberated. I'm not a stressful person, I didn't invest more than I could lose, but it still feels very nice to know I can never be in the red again. Edit: I'm a long time lurker on this forum. I read this topic and the "
    8 points
  36. I'm kinda with Hall1000 on this. Question is: What do you intend to 'try' to do with it? ... if 'try' refers to baseless, wild speculation, then sure. Knock yourself out. Buy a scratch off lotto ticket too. But ... Why are you posting that question anywhere on this forum? ... I feel It is as if you are implying that folks here are petty opportunists just 'giving XRP a try' If so, nothing could be further from the truth. I've been here and only here (XRP) for nearly a decade. And for a lot of very valid reasons. I mean ... what does Dogecoin do? What is it for? Wha
    8 points
  37. It's worth pointing out the difference between ripple's sales and Jed's. I did some extensive research on it in this thread https://www.xrpchat.com/topic/28981-analysis-of-ripples-xrp-sales/ and this one https://www.xrpchat.com/topic/29985-q4-analysisprediction/ and found the alarming rate of 3% of daily volume, which was revised downwards when I changed data source and Ripple (to their credit) reduced their sales sometime later when they decided that the volume figures they were using were inflated by wash trading from dodgy exchanges and they now use only cryptocompare "top tier" data I beli
    8 points
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.