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About philwynk

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  1. This is logically unsound unless you're of the belief that the current drop in the price of XRP is just market "noise," and that the technology is fundamentally sound and will eventually become an accepted standard of global monetary transfer. I do believe that. That's why I'm holding it. I can see the intuitive emotional appeal of "never sell in the red," but what if the stock, commodity, or coin never comes out of the red? There's no intrinsic, logical reason why you should have a better chance of getting your "lost" investment back in the stock where it's currently invested than in some
  2. Oh, one more thing: XLM and XRP appear to be tethered to each other so far as market performance is concerned, at least for the moment. XLM is roughly half the price of XRP, and at least for the last 2 months they've been rising and falling together at roughly the same rate.
  3. Stellar and Ripple are not exactly competitors. Yes, companies can use either for the same purpose, but no, it's not likely that one will win while the other loses. What is more likely is that both will prosper within their chosen niche: Ripple with the small-to-midrange banks, Stellar with third world nations, individuals, and Progressive purists. Stellar addresses the biggest problem that crypto purists have with Ripple: it's not an "Evil Corporation"-based currency. Note that IBM has made a commitment to Stellar's technology and is rolling out blockchain-based money transfers througho
  4. PS: Here's the CBOE's expiration calendar. http://www.cboe.com/framed/pdfframed?content=/aboutcboe/xcal2018.pdf&section=SEC_RESOURCES&title=2018+Cboe+Expiration+Calendar
  5. You are correct. First of all, there are weekly futures that expire every Friday. There are also SPX weeklies (Standard & Poor's 500 weeklies) that expire every Monday, Wednesday, and Friday. So, no, the expiration of options is not going to be the cause of a decent-sized dip. That's silly. Plus, the only futures expiring today are weekly futures. Second of all, futures don't cause major price shifts, they anticipate them. Think about what futures are. They're bets on what the price is going to be in the future. If one is buying a stock expecting its price to rise, one can at the s
  6. FUD, to be ignored. Three reasons: (1) Ripple does not require anybody to use XRP. Their first product is Xcurrent, which is a public ledger which makes transfers quicker and cheaper. Acceptance of Xcurrent will increase the perceived value of XRP, though. (2) He's talking about the biggest banks, and those are not Ripple's primary target market. They're aiming at small-to-medium-size banks. (3) He's saying "Nobody's using it yet." Duuuuhh... we already know that. The people who claim to be interested are in pilot stages at this point.
  7. Nah, it really doesn't matter what BTC (or XBT on Kraken) is worth, so long as it's relatively stable at that moment. You only have to hold the BTC for as long as it takes you to convert them to USD. Unless BTC is crashing at the very moment you're doing it, you won't lose much due to the exchange, no matter what the price is.
  8. I have roughly equal amounts of XRP and XLM. Of course, the XLM is worth about half what the XRP is worth. I bought XLM as a sort of hedge, although I really don't think XRP and XLM are strictly competitors. I don't know of anyplace where you can buy XLM using $$. I buy them on Kraken; I buy XBT (bitcoin on Kraken) and then use XBT to buy XLM. It's a nuisance but not difficult. You need to know the XLM/XBT ratio, usually something with four zeros following the decimal point (it's now around .00005400); you multiply that by the current bitcoin price in USD to get XLM/$$.
  9. Nope, I don't think so. The volume of XLM being traded on Kraken and Bittrex is way low. Doesn't look like whales are pushing this. But, please, somebody with more experience ought to look, since I'm pretty new at reading charts.
  10. If XRP rises to $100 per, there will be plenty of people wanting to buy in. I can't imagine that you'll have any difficulty selling. The more likely difficulty will be the ability of the exchanges to meet the demand for liquidity--you may have limits on how much you can liquidate per day or per month. For my part, if I'm sitting on the sort of $$ that my XRPs will be worth at $100, I might sell something like 30% and invest it in something safe like a good mutual fund. But I'd hold on to the rest.
  11. What I'm seeing is XRP finding a new floor. Its value appears to be hovering around $1.30-$1.35. That appears to be the new "normal." Mind you, I'm pretty new to reading charts, so somebody please correct me if I'm getting this wrong. If you were buying XRP for a quick turn and profit-taking, oops, oh well. But if you're buying and holding expecting the Ripple technology to revolutionize bank transfers across national borders in the next few years, this is all part of the day-to-day volatility that's expected to occur while the technology develops. By the way, I decided to hedge my b
  12. The explanation is crystal clear, but now I have another question. I noticed that you're using the 1 day interval for your candles. However, I can plot the same data using intervals of 4 hours, 2 hours, 1 hour, 15 min, 5 min, etc. Does the same analysis apply to the other intervals? For example, if I'm day-trading and viewing 5 minute intervals, if I see three green candles in a row can I reasonably expect an uptick to continue for the next, I dunno, 15 minutes? Or is there something relevant about observing the 1-day trends?
  13. So? It's still maybe $8 billion in assets. A huge percentage of the assets in the world are illiquid.
  14. Tweet dated Oct 13, 2017. Here's what Fortune said about that ruling back in October: "A source familiar with the litigation, however, challenged the significance of the ruling, claiming the Delaware court had declined jurisdiction to hear the case, and that a legal fight would continue in New York or California." http://fortune.com/2017/10/13/blockchain-ripple-r3/ Brad Garlinghouse disputed that assessment in the October article, but now here's a comment from the latest Fortune article about the matter, dated Jan 9, 2018: "The outcome of the court fight in New York, which comes after
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