LittleLordFauntleroy

Growing up in the US Rocky Mountains, I would spend a lot of time hiking with my family, especially my mom. As a snot-nosed little brat, I would often complain about how long the hike was, and like every kid, ask how many miles were left. She taught me a trick (or rather, she played a trick on me) that has stuck with me my entire life - whenever I asked how many miles were left, she would give me an answer that she knew was longer than the truth. And every time we arrived back at the trailhead "early", I would be thrilled. Now, I pull the same mental trick on myself anytime I'm enduring anything. All that's to say, I can't wait for the bull market to go parabolic in 2023...

Congrats on the avocado tree still hanging in there! My planetree is doing incredibly well, although it's leaves are a nice copper tone right now, so in a few weeks it will look less impressive. The next 4th of July picture is going to beautiful, and will show a tree that's grown like a weed for 2 years. Hopefully it will serve as the perfect metaphor for a certain digital asset by then...

@dr_ed & @baobeiiiii, for what it’s worth, I’ve briefly lived in both Austin and Edinburgh. Both fantastic cities. I will say, however, that the ‘molten’ heat of summer (pun intended) and traffic of Austin were damn near unbearable. Edinburgh was lovely, and the beautiful countryside of Scotland rivals any place I’ve been. Back on topic, I just want to add that I also have seen too many good chartists and traders calling for a major macro move in the next month or two not to be excited. Which is exactly why I’m mentally preparing myself for solid $0.25-$0.28 price action until 2021.

I would agree, @dr_ed, but keep in mind that wave 3 is not the highest wave in a given cycle. The wave 5 top is the one that will be much higher than $80k, according to @eggsarepeas's analysis and elliot wave theory. If I understand correctly, always a risk...

Hey @tar. I've seen mentions of Elliot wave theory countless times in this forum (always noting that some people love it, some people think it's useless, even among TA enthusiasts), and your post motivated me to finally educate myself a bit. So, if my understanding is correct, you mention a ~$60k USD target for the peak of wave 3, which could take over a year. I won't ask about what you think the peak of wave 5 will be, since I believe you've alluded to that before, but I WILL ask - how long do you see wave 4 and 5 playing out? Lastly, if you'll humor me... How well do you believe the 5-wave/ABC structure applied to the 2017 bull cycle? Thanks! For others' reference:

@Caracappa, I'm with @Eric123 completely on this one. I'll preface this by saying I'm as bullish as anyone on the potential of XRP. BUT... If we're in anything but the early, early, EARLY innovators stage, we'd be in deep s#!t as retail investors. Just taking the primary use case (for now) of remittances, there are what, less than 10 financial institutions currently using xRapid? Out of thousands globally? I'll be honest in saying I'm terrible at keeping up with who's using what at any given moment, but when Euro Exim Bank is getting exposure as one of your earliest champions, you're just not there yet. But again, every single successful technology has had some early adopter that no one had heard of. On a very positive note, not many early technologies follow up with the second largest company in the field, globally - in this case, MoneyGram. That IS truly significant. What we need to see, and what is very difficult to parse out at this time, and what many here are trying to find, is evidence of that adoption curve. Because once those network effects kick in... Amigo, the first round will be on me.

That doesn't guarantee anything, of course, but the picture will continue to get clearer.

In regards to the success of XRP, keep the S Curve of Adoption in mind. Whatever the market, whatever the new technology, adoption tends to follow this curve. The paradox is that even successful adoption appears sluggish at first. You don't know until you know... The silver lining is that ALL successful adoption looked this crappy at some early stage in its existence.

Use Coinbase Pro (aka GDAX). Same account, still connected to your bank account, but much lower fees.

Y’all...

@dr_ed, can you clarify a bit on the relationship between the movements of USDT and Bitcoin in this example? Trying to learn how to fish here... Thanks

You're not the first person to hit this roadblock. In short, you're correct - you can register there as a US citizen, but with daily withdrawal limits. I signed up, transferred some coins from coinbase, traded for VET and had it on the VeChainThor mobile app, all within 30 minutes. Fun watching the VTHO grow (slowly) throughout the day.

This is just speculation on my part, but my running assumption is that if you hold the VTHO for over a year, the entirety of your sales (whenever you do cash out) would be taxed at the capital gains rate. I'll be talking to a crypto-specific lawyer when the time comes (sweet lord, this is not financial advice! Obviously...). Also, can second Oceanex as a quality exchange for picking up VET. H/T to @dr_ed there.

One of the things that makes this thread great is the better TA analysts here are willing to "show their work" by sharing charts, and also discussing their reasoning. It teaches all of us something each time they do it. It would be appreciated if you tried to do the same with your predictions. Otherwise it's just noise.

My planetree has had an incredible early summer. Next year for my annual update I'll wait till the 4th of July to really show it at it's best. Sorry to hear about the various avocado tree mishaps...