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Chookstar

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  1. Like
    Chookstar got a reaction from Cesar1810 in Working to understand the possible trend...   
    I'm working to understand why BTC is still on the move upwards and XRP is still quite a bit further behind.
    In the 2017 bullrun am I correct in saying it took 3 weeks for XRP and alts to follow BTC? If so I am wondering if the time frame is as important as the ATH?
    In other words, BTC needed to reach it's ATH before money started spilling into ALTs? If that is true we need to see BTC beyond $24K (AUD, and the 2017 ATH) for XRP to start it's mega run to beyond $4 (AUD).
    I hope I am making sense!
  2. Like
    Chookstar reacted to KuNiT21 in Working to understand the possible trend...   
    I don't think time frame is important this time.  I think people are just extremely suspect right now on what is going on.  Just riding the dragon and seeing what happens.  The sell off wasn't enough to scare anyone into mass selling.  Pumped right back.  People are holding and buying and I think other countries are watching and continuing.  We aren't here yet as BTC dominance is 60%.  We need a bigger pump for FOMO as you said, maybe 20K will kick it off.  But when it comes.....it's going to be epic. 
  3. Like
    Chookstar reacted to xrp_sea in Working to understand the possible trend...   
    In 2017, the alts generally lagged BTC. I wouldn't count on 3 weeks though. It will happen when it happens. When the BTC price momentum gets tired, that's when we'll see money start flowing into the others.
  4. Like
    Chookstar got a reaction from dr_ed in Life after xrp   
    I have been thinking about this exact thing and recently an email from 'The Barefoot Investor' (Scott Pape, in Australia) caught my attention:
    Scott,
    My husband (30) and I (24) have inherited an eye-watering $6.5 million! We have paid off our mortgage, bought an investment property and cleared our debts, yet we have no idea what to do with the rest of it. (We have locked it up in our high-interest account while we decide what next.) Now that we have the financial freedom to enjoy our weekly wages freely, we want to be wise with our next move. What do you suggest?
    Tim and Sarah
    Scott's Answer
    Hi guys,
    You have reached your ‘enough’ figure at a time when most couples are still trying to scrape up a house deposit.
    That’s the first bit of advice: understand that you have ‘enough’. More money won’t make you any happier from this point on. In fact, as you’ve probably worked out, having lots of zeroes in your bank account is actually bloody stressful, right?
    Well, here’s how I’d think about it if I were in your shoes.
    Let’s say you have $5 million, which you decide to invest in a low-cost index fund (via a family trust for asset protection).
    I want you to think of that investment the same way I think about my family farm (stay with me here!). Twice a year your ‘farm’ will deliver you a golden harvest, in the form of dividends, and it will grow each and every year.
    In my case, the land value of my farm goes up, down and sideways (just like share prices), but I don’t care, because I’ll never ever sell my family farm. Besides, it’s the harvest that puts food on the table.
    In your case, your ‘farm’ should deliver you around $275,000 pre-tax a year.
    Yes, there will be the occasional ‘drought’, and lean times — but as long as you own the farm, you collect the harvest.
    And that’s the lesson: you plant once, and then you can harvest forever.
    And that is why you have more than enough.
    Scott
     
    I am thinking along these lines. I already own my modest home and have a fairly free lifestyle, however my husband works hard and is time poor. I'd love to change that for him.
    PS. I really love reading about everyone's different situations on here. I am truly happy for those that are already doing so well financially, such as @dr_ed And for those who are just starting out, you truly can achieve your dreams - be clear about what they are and lazer focused on your outcomes and you will succeed.
  5. Like
    Chookstar got a reaction from Shuz in Life after xrp   
    I have been thinking about this exact thing and recently an email from 'The Barefoot Investor' (Scott Pape, in Australia) caught my attention:
    Scott,
    My husband (30) and I (24) have inherited an eye-watering $6.5 million! We have paid off our mortgage, bought an investment property and cleared our debts, yet we have no idea what to do with the rest of it. (We have locked it up in our high-interest account while we decide what next.) Now that we have the financial freedom to enjoy our weekly wages freely, we want to be wise with our next move. What do you suggest?
    Tim and Sarah
    Scott's Answer
    Hi guys,
    You have reached your ‘enough’ figure at a time when most couples are still trying to scrape up a house deposit.
    That’s the first bit of advice: understand that you have ‘enough’. More money won’t make you any happier from this point on. In fact, as you’ve probably worked out, having lots of zeroes in your bank account is actually bloody stressful, right?
    Well, here’s how I’d think about it if I were in your shoes.
    Let’s say you have $5 million, which you decide to invest in a low-cost index fund (via a family trust for asset protection).
    I want you to think of that investment the same way I think about my family farm (stay with me here!). Twice a year your ‘farm’ will deliver you a golden harvest, in the form of dividends, and it will grow each and every year.
    In my case, the land value of my farm goes up, down and sideways (just like share prices), but I don’t care, because I’ll never ever sell my family farm. Besides, it’s the harvest that puts food on the table.
    In your case, your ‘farm’ should deliver you around $275,000 pre-tax a year.
    Yes, there will be the occasional ‘drought’, and lean times — but as long as you own the farm, you collect the harvest.
    And that’s the lesson: you plant once, and then you can harvest forever.
    And that is why you have more than enough.
    Scott
     
    I am thinking along these lines. I already own my modest home and have a fairly free lifestyle, however my husband works hard and is time poor. I'd love to change that for him.
    PS. I really love reading about everyone's different situations on here. I am truly happy for those that are already doing so well financially, such as @dr_ed And for those who are just starting out, you truly can achieve your dreams - be clear about what they are and lazer focused on your outcomes and you will succeed.
  6. Like
    Chookstar got a reaction from BarryPotter in Life after xrp   
    I have been thinking about this exact thing and recently an email from 'The Barefoot Investor' (Scott Pape, in Australia) caught my attention:
    Scott,
    My husband (30) and I (24) have inherited an eye-watering $6.5 million! We have paid off our mortgage, bought an investment property and cleared our debts, yet we have no idea what to do with the rest of it. (We have locked it up in our high-interest account while we decide what next.) Now that we have the financial freedom to enjoy our weekly wages freely, we want to be wise with our next move. What do you suggest?
    Tim and Sarah
    Scott's Answer
    Hi guys,
    You have reached your ‘enough’ figure at a time when most couples are still trying to scrape up a house deposit.
    That’s the first bit of advice: understand that you have ‘enough’. More money won’t make you any happier from this point on. In fact, as you’ve probably worked out, having lots of zeroes in your bank account is actually bloody stressful, right?
    Well, here’s how I’d think about it if I were in your shoes.
    Let’s say you have $5 million, which you decide to invest in a low-cost index fund (via a family trust for asset protection).
    I want you to think of that investment the same way I think about my family farm (stay with me here!). Twice a year your ‘farm’ will deliver you a golden harvest, in the form of dividends, and it will grow each and every year.
    In my case, the land value of my farm goes up, down and sideways (just like share prices), but I don’t care, because I’ll never ever sell my family farm. Besides, it’s the harvest that puts food on the table.
    In your case, your ‘farm’ should deliver you around $275,000 pre-tax a year.
    Yes, there will be the occasional ‘drought’, and lean times — but as long as you own the farm, you collect the harvest.
    And that’s the lesson: you plant once, and then you can harvest forever.
    And that is why you have more than enough.
    Scott
     
    I am thinking along these lines. I already own my modest home and have a fairly free lifestyle, however my husband works hard and is time poor. I'd love to change that for him.
    PS. I really love reading about everyone's different situations on here. I am truly happy for those that are already doing so well financially, such as @dr_ed And for those who are just starting out, you truly can achieve your dreams - be clear about what they are and lazer focused on your outcomes and you will succeed.
  7. Like
    Chookstar reacted to dr_ed in Epic Pennant on BTC Chart   
    Read Galgitron's many blog posts on this subject to understand his POV,  which is quite reasonable, but it's not necessarily the ONLY reasonable view, imho.
    At the heart of it, BTC has insurmountable problems that certainly look to prevent it from being what it was supposed to be, which was "the cash of the internet." Some people who love BTC think it can be "fixed". Galgitron says a firm "No!" to that. I expect he's most likely correct. 
    XRP is, or can be...and probably will eventually be, what BTC was supposed to be. That's definitely correct as far as I'm concerned.
    And whales with fat bitcoin wallets who understand this situation appear to be manipulating the markets to take their wealth out of BTC at the same time they are publicly stating that it's the only crypto worth owning. That's the real Ponzi, if you believe that assertion is true. It sure looks that way to me. 
    But right now, today, BTC is serving as a store of value for some people in some places. But it could (theoretically) easily be successfully subjected to a 51% attack, because almost all the miners are in China, and in China, you do what the government says or you get in big trouble. The way mining has evolved, decentralization for POW coins and especially BTC, is largely an illusion, in Galgitron's view, and I'm on board with that.
    I am agnostic myself on whether BTC will persist and act as  "digital gold" the way whales like Mike Novogratz claim. Because even if they don't believe it, they have good reason to say it and get the broad public to believe it. But the truth on that is not at all clear.
    I usually don't hold BTC for very long, myself. Preferably less than a day. I know I can't ( and never would try) to speak for Galgitron. But I think I've presented this accurately. Glad to recant if I'm wrong (and you can prove it.)
     
  8. Like
    Chookstar reacted to dr_ed in Life after xrp   
    How did you know 5M after taxes was my goal. Hehehe. Great minds think alike. 
    I own a lot of houses. I would like just one more nice one, in St John. That's around a  million right now, but with climate change the market is falling. Time is on my side, except I'm not getting any younger. I could AirBnB it to pay for most of it  if the hurricanes left St. John alone. I could buy it now, but it would be wasteful and my wife hates it when I bring home a new mortgage without discussing it first. She worries.
    If you make a mil now, after taxes,  I'm sure your lifestyle is not too bad, and although I make a bit less, I live a very nice lifestyle already. I also have an excellent job, but I'd like for it to become optional. Wen XRP moon I'm there. I might sell my practice and net another windfall if that happens.
    I'd buy that sailboat I've been shopping for for the last ten years. I could buy that now too, but I'd feel guilty. If I cashed out at that fine level I would not bat an eye. I'd do it  the next month. Just a matter of a little shopping around to find the right deal. I'd invite Bob Way to help me sail the boat from Houston down to Corpus. He's such nice guy, and I think he likes to sail.
  9. Like
    Chookstar reacted to RegalChicken in Life after xrp   
    $5mil after taxes? Hmm..
    $1mil invested back into family business to pay off mom and dads mortgage and give the business a fun influx of capital for tooling etc.
    $1mil given to a financial adviser I know and trust who I believe could do much better with it than me.
    $2mil to invest in income producing real estate
    $1/2mil to spend on paying off mortgage, build garage, and fill garage.
    $1/2mil maybe for charitable foundation and working on homeless situation in my area.
     
     
     
  10. Like
    Chookstar reacted to BarryPotter in Life after xrp   
    So, we have hit our price point and now we all have 5 million after paying our taxes.
    where are we investing that money to ensure we never need to work again?
    what do you intend to do with your new found wealth? 
    for me, it would be a few houses to bring in the same salary I’m on now. (1mil)
    A new house at 1 million so I know I always have a mil locked up.
    Invest 2million at 3% for my yearly holidays, trips and living a higher standard  lifestyle.
    Then tie up the final million at a higher rate interest for longer period of time.
    I would then try get my golf handicap down to scratch.
    Nothing overly extravagant really, just a nice lifestyle with good food, good drink,  good holidays and lots of golf.
     
     
  11. Like
    Chookstar reacted to Eric123 in Epic Pennant on BTC Chart   
    So yeah 5 weeks off but still not bad,  considering bitcoin was around $3.8k when I made the prediction on March 1st!!  And 90% of people were calling for a retest of the lows!!
    In a few days 3 or 4 the 100 day EMA will break the 200 day EMA (golden cross)  by then I would guess it will be undeniable that we are entering another bull market.  Last time this Happened by the way it was November of 2015 and the price of Bitcoin was $265 and it went up 74x from there.  Assuming we're around $6.5k when we make the cross and things play out the same it puts a price of bitcoin at $480,000.  Haven't ordered the Lambo yet, but have been looking at Mansions and deciding on what watches I'll have in my collection, tried on the white gold submariner with the blue face (the smurf)  and the 41mm Day Date, maybe an AP Offshore, gotta see what looks best on my 7.5" wrist.  But hey crypto always likes to surprise so anything can happen.


  12. Like
    Chookstar reacted to ManBearPig in HODL'rs Only   
    Just bought +700 xrp this morning. I am just about done filling up the bags anymore outside of a major correction. I am just about done filling up any other bags for other cryptos as well.
    If we are capitulated, that would truly mean people have given up and would not be here.  The remaining hardcore believers will skew the results towards a more optimistic tilt.
    Given that: a) It is awfully quiet around here and b) polls are optimistic (the naysayers are exiting) — these are signs of capitulation.
    Prepare to sit this one out for a while.
  13. Like
    Chookstar reacted to 2ndtimearound in HODL'rs Only   
    Of course I am still holding.  Stopped buying in January this year as I hit my ultimate limit (there is such a thing for me, may you find it!).  If anything I feel a lot more patient this year than last year.  Last year was "too soon" after the bull run so there was a constant anticipation of fireworks.  Now I'm really into my "2 to 4 year plan" mode (as it was 3 to 5 year last year).  I still read up on crypto news, but have I have no expectations this year, though I do trust Ripple and R3 will keep moving forward with their plans and infrastructure/liquidity.
     
  14. Like
    Chookstar got a reaction from Julian_Williams in HODL'rs Only   
    I'm still here, still holding, still meditating.
    I add to my stack every so often but I have made a rule that I only buy if my DCA stays the same or drops.
    I don't know if in time I'll think this investment was a dud or a divine decision; but I don't have any other grand plans for super wealth, nor do I have a need for the money.
    So I'll just wait it out and see what time brings, just wish that time was NOW!
  15. Like
    Chookstar got a reaction from Cesar1810 in HODL'rs Only   
    I'm still here, still holding, still meditating.
    I add to my stack every so often but I have made a rule that I only buy if my DCA stays the same or drops.
    I don't know if in time I'll think this investment was a dud or a divine decision; but I don't have any other grand plans for super wealth, nor do I have a need for the money.
    So I'll just wait it out and see what time brings, just wish that time was NOW!
  16. Like
    Chookstar reacted to RegalChicken in HODL'rs Only   
    As many of you know, the majority of us pro-XRP long time HODL'ers are paid per post to incite FOMO among the masses. Now that much of our work is done and we have reached mass capitulation, the very whales who paid us per post on XRPChat are now asking us to survey the general mood of the people to see where we are as a society and where we are headed. The biggest question on everyones mind is "are we in full capitulation, yet?".
    Generally speaking I am seeing long time HODL'ers selling part or all of their stashes in a way that I haven't seen since December 11th, 2017 (go look at that date on an XRP chart).
    I consider this to be a bullish signal, personally.  XRP might be only $.30 in September, or it may be $22 later this month (the same rate of growth XRP had by May 2017).
     
    *kisses*
  17. Like
    Chookstar reacted to kryptoroi in Ripple currently has 150 signed institutions.   
    Ross D Arcy in a recent interview announced that Ripple is currently at 150 signed institutions. (at 12:45). I don't know why but for some reason i expected more than 150. But when i think about the "signing 1 customer a week" it makes more sense. And also, the 150 are those who are already CONFIRMED, im sure there are many others in testing or just not yet disclosed. When you also factor in the possible new banks in the R3 consortium that may concurrently adopt Ripple, the future looks promising for Ripple.
  18. Like
    Chookstar reacted to GiddyUp in XRP’s New Position on R3’s Payments App Could Propel it Much Higher   
    Not news, but a very nice article...
    XRP’s New Position on R3’s Payments App Could Propel it Much Higher
    Nicholas Say on December 11, 2018
    https://blockonomi.com/xrps-r3s-payments-app-could-propel-it-higher/
    "Corda Settler allows an amazing amount of flexibility when it comes to how payments are handled. According to media reports, Corda Settler will allow payments to be settled on the Corda blockchain from multiple payment rails, both crypto and conventional."
    "The Corda blockchain will be updated automatically once a payment has been successful, which opens up a lot of doors for how both Corda Settler and XRP may be used in the not-too-distant future. Until now there have been few ‘turnkey’ solutions for an interface between existing payment infrastructure, and new forms of crypto settlement, which may be why R3 chose to focus on Corda Settler."
    "There is no shortage of uses for a platform like Corda Settler. R3 has numerous members that are operating at the highest levels of finance, and this platform could be the beginning of a new era in payment technology."
    (Bold emphasis is mine)
  19. Like
    Chookstar reacted to Julian_Williams in Question re. banks using xRapid   
    The XRP community (and ecosystem) put a lot of pressure on Ripple to make these sorts of bullish announcements, then when Ripple don't hit their target date the same people get upset and accuse Ripple of hyping the truth.  In September the road ahead probably looked clear, but as happens with all development work nothing works to a preplanned schedule.   You should always take these sorts of announcements with a pinch of salt.  It was noteworthy that Brad was willing to give a likely time span.
  20. Like
    Chookstar reacted to Dutchpinoy in Question re. banks using xRapid   
    The first bank using xRapid might very well be unannounced. Whether it becomes publically known or not makes no difference utility wise. Don't hold your breath for any offical word.
  21. Like
    Chookstar got a reaction from Cesar1810 in Question re. banks using xRapid   
    Hi everyone
    Just a query whether or not Brad Garlinghouse is still to announce a major partnership with a bank that will use xRapid by the end of this year?
    I know PNC Bank joined RippleNet sometime in September - was this perhaps the bank Brad was referring to or do you think a major announcement is still to come?
    Thanks for your input...
     
     
  22. Like
    Chookstar reacted to Julian_Williams in The Illusion of Tranquility   
    Love the boldness.  Definitely agree with you that the palpable feeling of energy building in the XRP ecosystem/community cannot be contained for ever and will blow.  I have no idea if it will be this side of the EoY.  I imagine once the growth happens it will snowball across into new speculative markets as well as into the institutions.
    XRP once touched, and the concept behind it understood, is addictive.  We have all witnessed this experience/phenomenon in ourselves and others will follow where you have led.
  23. Like
    Chookstar got a reaction from Chewiecoin in Please Assist Me with this Incredibly Important XRP Price Research   
    This made me laugh out loud. Love it. 
  24. Haha
    Chookstar reacted to Chewiecoin in Please Assist Me with this Incredibly Important XRP Price Research   
    I have posted this poll on Twitter trying to get a gauge on the XRP Community’s feeling on the short, medium and long term price expectations for XRP. I understand that price prediction is difficult and should not be relied upon but I feel that our community is large enough and sophisticated to the point where the community’s views can be tapped as a proper scientific research point.
    To ensure I have a good cross section of the community’s views I want to start this thread in XRPChat attaching the link to the Twitter poll to get our voices heard as well.
    Rest assured all answers are anonymous and the results will be used by me in conjunction with a local university to help plot future price points for XRP.
    Thank you in advance for contributing.
     
     
     
  25. Like
    Chookstar reacted to 2ndtimearound in SATIS or SADISTS?   
    xRapid goes live this year.  If it goes smoothly, then xRapid has a future, and XRP has a future.  I think this is the make or break year for XRP - really.  You can think: "if xRapid doesn't go smoothly in 2018,  they can make it happen in 2019 or 2020".  NO.  They build it up from this year. This is the year.  That's good news for XRP holders - we will know sooner rather than later.  I'd rather lose my money this year than wait 3 years to find out XRP failed.  Guys, the rubber hits the road THIS YEAR.  Big corridors being serviced by xRapid - Philippines, US, Mexico.  Small volume this year, building up from here on out.  xRapid cannot wait until 2020 to be a success. It must start this year to consolidate its grip on Fintech.
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