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tar

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About tar

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    https://blog.anep-economics.org/?lang=en

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    economics (esp. monetary theory), law, history, politics, ethnology
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  1. Not yet: channel: the actual lower "channel boundary" is around 0.09 USD lower yellow line: the actual lower "final support line" is around 0.043 USD blue circles: interesting, no? The counting is (really) doubtful if XRP moves below 0.061 USD as thereby the actual wave (4) would overlap wave (1) from 2013 (not shown in the picture) but it is not per se invalid as thereby the chart would form a diagonal triangle in which an overlap is legit. In my opinion, the current price slump is due to the ongoing expectation of a supposedly overdue breakout upwards from the falling wedge, which was disappointed due to unrecognized data (the 2013 high is missing in most charts). So this was bound to lead to another low anyway. However, the rising corona panic and its effects on the global economy (Black Swan moment) further intensified the selling pressure (riskier reserves are being reduced due to acute precautionary measures and the liquidity needed for this). This triggered deeper stops, which in turn depressed the price even further, etc. What happens next? Is this the end of the world? As far as I know, Corona endangers especially people with weak immune systems, whose medical care cannot be guaranteed if thousands of people fall ill at the same time. Sooner or later, this leads the medical profession to the question whether the weak should be helped at all or whether the scarce equipment should be reserved exclusively for more promising patients. Justifiably, this scares us and it is therefore reasonable to reduce social activities (including shopping & working where you could come into direct contact with other people). Governments are - as usual - reacting much too late because they do not want to endanger the economy and because competence has been replaced mainly by (degenerated) moralism. But because of this hesitation, all this will now be much more expensive for us. The trend is likely to intensify over the next few hours/days. We may see interim corrections here and there - especially such rapid price developments are often accompanied by equally sudden corrections. It therefore remains exciting. However, the risk has definitely increased significantly with Corona.
  2. I don't analyze nor care anymore about BTC but perhaps you can get something from my last prediction from 2018: https://www.tradingview.com/chart/BTCUSD/xhekyZKX-Lost-Years-Scenario/
  3. We reached the buy zone... rapidly and 6 months too early Be aware it could fall to 0.10 and even 0.04 USD.
  4. What is/means ODL? EDIT: Ah, ODL is the new term for "Ripple.Net" "xRapid". I see.
  5. Watch and learn: In your approach there would be no "money", at all. Nope. Your view of "money" has nothing to do with reality. Even in a Gold standard, "money" had no maximum supply. Thus the Gold standard got eventually abolished.
  6. Updated... Final ranking (deviation): @NO-XRP (48,73 %) @Oldschool (69,17 %) @HwG (96,94 %)
  7. https://www.tradingview.com/chart/XRPUSD/MdteUMHC-xrp-cycle/
  8. China's (and Singapore's) success stems from the transformation of state ownership into private ownership, which set the capitalist innovation dynamic in motion. Deng Xiaoping was the driver of this transformation, but remained a supporter of an authoritarian leadership style (see his involvement in the 1989 Tiananmen Square protests). China was a bitterly poor country 40 years ago. After the capitalist reforms under Deng Xiaoping, the country has changed completely. According to UN figures, 88% of Chinese people were still living in poverty in 1981, compared to only 2% today. Hundreds of millions have risen from poverty to the middle class. Europe and even the USA are outdistanced: While Europe is simply watching thanks to its weak and incompetent liberal leadership, measures are being taken at least in the USA to delay the inevitable conflict of the aspiring empire against the existing empire.
  9. All parties are populistic - otherwise nobody would elect them. Furthermore, those in Germany you call "populists" try to prevent the ongoing destruction of German wealth by the actual ruling parties of which the Euro is just one part of the whole thing that led to the shrinking/destruction of the Germans citizens savings & net income.
  10. The crisis is already visible (at least, here in Germany) and Otte (who predicted the 2007/2008 crisis) just released a new book "Weltsystemcrash" (crash of the world system).
  11. https://www.tradingview.com/chart/XRPUSD/MdteUMHC-xrp-cycle/
  12. Imho, we are in the anger -> depression phase leading to the low of 0.16 USD.
  13. No update since 50 minutes...? Something is rotten in the state of Denmark.
  14. If you block an amount of a particular asset for any kind of emission (of a stablecoin) there is no workaround (instead of price fixing from the government) to supress the volatlitity of this asset/backing. You can - and that is what I read out of your answer - block at most more of this asset than would actually be necessary at the time of valuation in order to suppress a significant impact of its volatility on the emission, which means that you would (need to) block a much higher amount of variable valued XRP in order to ensure a halfway sufficient backing of the fixed valued emission (of the stablecoin) which unfortunately still would not be sufficient to garantuee a permanently safe backing as history proves. This is one of the most fundamental problems regarding emissions and financial crises, central banks policy, etc. - and the reason why there actually is no "stable" asset of any kind (and therefore no safe stablecoin, ofc). Usually, the issuer should deliver the corresponding collateral, otherwise its issue loses value. Afterwards, the issuer/market would have to be constantly or regularly audited in order to ensure that his backing is sufficient over time. What happens, if it is not sufficient anymore? Are there any kinds of sanctions involved?
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