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2ndtimearound

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Everything posted by 2ndtimearound

  1. I think there's two ways to make a profit with minimal investing skills:- 1) as you say - forget you own your investments, then remember years later 2) "I got rich by selling too early".
  2. I got into ETH a few months ago, and then put all my XRP into ETH on 23rd December....but now it seems a bit high to buy...both BTC and ETH's prices intimidate me from a buying perspective. I've been selling my ETH bit by bit over the last week or so.
  3. There's one theory that the pullback of 25% or so in BTC (about 10 days ago) was orchestrated to "free up" BTC from retailers who tend to sell in panic....then again, I've probably described what the market usually does: rinsing out weak hands in a particular price range. Also, according to here : https://cointelegraph.com/news/bitcoin-whales-are-betting-40k-isn-t-the-top-as-data-hints-bull-run-is-only-beginning .... So it looks like $29.3K or thereabouts would be an extremely solid support level. It's all adding up to look like a good 2021 for crypto...
  4. XRP would have to go to $100 instantly for your figures to work of course - but interesting post. In reality, it would get there over many years, and 95%+ of people would have sold a lot earlier than $100. Also bear in mind there's around 47 million millionaires in the world, so I don't think XRP going to $100 would be an event that's "not allowed to happen". I think some things that "aren't allowed to happen" though would be Ripple and certain individuals owning so much...maybe the SEC case will pave the way toward a future where Larsen, Britto and Garlinghouse don't become trillionaires.
  5. Fair enough, though it seems kind of odd since volumes can really mismatch across a few weeks....high volume a few weeks ago followed by a tenth of that volume today can essentially mean the intended purpose of Jed's sales not impacting the market won't work as intended (unless I'm missing something here).
  6. He's selling more than his XRP volume percentage, surely? He was selling 29M a day when XRP was 70c and had massive volume. Now he sells the same amount when XRP has a tenth of the volume?
  7. This is how I feel. This ridiculous notion of being "loyal" to an asset has to be dismissed once and for all too. We have the ability to change our course based on incoming information, and there should be no restriction to our direction of travel based on some weird notion of "loyalty" or sunk-cost fallacy. This is what annoys me the most about "maxis" of any asset - the idea of "holding strong" and "talking up" an asset incessantly and "not even thinking of selling". Also remember that not even the shills are what they seem. YouTuber XRP "maxis" are working a job. Their maxi-attitude i
  8. I am pessimistic in the short-term about XRP. As the Chinese saying goes, the second best time to change your mind/start something/alter your direction is now.
  9. I'm using XRP as a stable coin right now (who said it had no utility?)
  10. The vast majority of crypto YT channels that have a sizeable subscriber count always end up being stuck on the tramlines of their fixed narrative. For example, Digital Asset Investor literally never says anything negative about XRP. It's "the one", "all the world's a stage", "plans within plans", "only a matter of time", "the greatest digital asset ever created" etc. Conspiracy theories are a weak attempt to explain how things haven't happened yet. I feel like these guys are missing an opportunity to hold Ripple's feet to the fire more. When the select few YouTubers were invited to Swell
  11. To make amends to the retail traders, the new SEC team should allow Brad and Chris to pump XRP's price back to the exact price that XRP was at before the SEC news hit. In soccer, we call it a "drop ball" to restart play.
  12. Actually I revisited Binance to see if I was right, and it turns out I was wrong. Previously, I did a test send of £100, was given a fee of £1.50. Without investigating further I just thought "oh, looks like 1.5%". No, it's a flat fee of £1.50 regardless of if you send £20 or £100,000. Sorry for the confusion. So, basically you can on and off ramp for £1.50 total cost. The other thing to consider is liquidity in GBP pairs too (if cashing out to GBP).
  13. I like Bitstamp too, but my bank (TSB) blocked faster payments from my account to Bitstamp...they keep telling me "there's nothing we can do about it, it's part of our system". ANYWAY, I am using Binance now. To be honest, I actually prefer Binance to Bitstamp - their on and off ramps have been very good:- Binance use Faster Payments (as do Bitstamp), so there's zero costs to move GBP from my bank to the exchange I've sent GBP from Binance to my bank account - went in to my bank account within a few hours. There's a charge of 1.5% which is within my range of acceptability.
  14. I'm a fan of XRP's network performance and low costs, the XRPL, David Schwartz (since he's the chief developer, is a great communicator), Wietse Wind, the potential use-cases of XRP. It's exciting just focusing on what is possible. None of that has changed from my perspective regardless of Ripple. Ripple - the company - have really disappointed though:- xSpring, what's really happened with the projects? Some like Omni are now dead. Lots of hype, no delivery. They gave 1.5Bn to "Clover Coin" which then just dumped those coins on the market - hype, hype, hype: "a major
  15. Is it a coincidence that XRP has jumped up to 10 cents after Trump finally admits defeat? It's also noteable that the crypto market as a whole started moving up after the election result. It's becoming clear that the big players see the new administration as crypto friendly. Let's hope so!
  16. It seems that so far, this option is winning the vote
  17. Agree. I think a major news event concerning an asset needs to be weighed up individually.
  18. I didn't sell instantly after hearing the initial news...in fact, I only sold a small portion after BG broke the news, and sold everything after SEC actually filed. That was around a day of weighing things up. Even then, there's always doubts as to if it's the right thing to do. You're right - none of us can know if our decisions are going to be rewarded or punished. I also knew that ETH was undervalued compared to BTC's run at the time (around $580). It was a balance of probabilities thing going from XRP to ETH.
  19. My ETH holdings (bought exclusively from my XRP sales a few weeks ago, soon after the news broke) are equivilant to XRP being around 85 cents right now (i.e. if I kept my XRP and didn't sell it, XRP would need to be around 85 cents to match the value of my ETH holdings). I heard a quote from "Blackchain Backer" about a week ago. He said "I have a golden rule that I always stick by - I never sell into fear". Now he's holding heavy bags and there's a point of no return where you miss the window of opportunity to jump ship. Sometimes fear is instructive.
  20. It's not a nightmare for me. I held through thick and thin including 11 cents low in March this year. Where was I complaining with the "same story" about XRP over the last 3 years? There is no "same story". You can read my postings since early 2018 (though hardly riveting reading). However, the SEC filing was too much of a red flag for me. You disagree, that's fine. You might be right, I might be wrong. However, so far I know I made a good decision selling when I did, and what I sold into. I still hold some XRP and am still interested in XRP, hence why I'm still here.
  21. Garlinghouse didn't reveal any of his sales, the SEC did and gave specific numbers and dates that can easily be proven right or wrong since we have the XRPL to prove / disprove these transactions were made/weren't made...though Garlinghouse hasn't denied anything. I just suspect BG sold XRP which I didn't have a problem with as a principle, but if the selling becomes excessive, you have to question his motives. I'm not sure why that's hard for you to understand. It's been known that Chris Larsen sold his own personal XRP, but we didn't know how much he sold....now (apparently) we do (1
  22. You can know something is happening, but not the extent at which it happens. The extent of that thing happening is everything, not that it happens or doesn't happen. Does Jeff Bezos sell his Amazon stock? Of course. No big deal. Then...what if the SEC claimed he sold a lot more of his stock than he claimed he did, and Bezos didn't deny it? Then what if I said to you "but you knew Bezos sold his stocks, right?" as if the extent doesn't matter at all, nor the underhand way he sold it. With Ripple, it's worse than this example since they're cashing out heavily much earlier in the life of the
  23. 100%. It's become clear to me that the upper management has conflicting interests to the average retail investor. The sell pressure of the former is enormous - an insurmountable object that ends up cratering the XRP price anytime it goes up significantly. Furthermore, us little guys want Ripple to do the difficult things - to bring cutting edge fintech to the world. However, key people at Ripple are profiting massively - to a distracting, ulterior-motive extent - from simply dumping their XRP. Are they hungry to succeed, or have they found a "sweet spot" where there's just enough to keep
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