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protechtor

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About protechtor

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    Liberty | Charity | Technology | Currency | Crypto
  1. Great post to help prepare for phase 3! Phase 1 = Pure speculation Phase 2 = Disillusionment Phase 3 = Utility/Use Speculation will of course be involved in all phases (phase 2 speculation is largely bearish in nature), the difference in phase 3 will be that ACTUAL utility/use (measured by transactions in use) will be rewarded by greater speculation. In phase 1, the promise of utility/use was good enough for the speculators.
  2. protechtor

    Where were you when....

    I was in the shower. By the time it ended, we were back in 3rd place.
  3. protechtor

    Order books.

    Gatehub volume represented .04% of the ttl XRP volume over the last 24 hours. Their order book is an insufficient indicator of the broader XRP exchange market. https://coinmarketcap.com/currencies/ripple/#markets
  4. protechtor

    Higher Lows

    Basic definition of a trend: Step 1 - Higher high. Step 2 - higher low. Start with 4hr timeframe. We need to get above .52 to even consider Step 1 completed on short term timeframe (lasting days), .725 on mid term trend (lasting weeks) , and .965 on longer term trend (lasting months). Then onto Step 2...
  5. I think there is a good chance we will see $1 in 2018 again, but not before we see mid .30's.
  6. I tend to view the adoption curve of crypto as a whole in a much longer time series. Reason? It is very rare for the world to see an entirely new asset class created, and it is potentially disruptive not only to existing commerce, but to how governments transact in debt instruments (fiat). I believe the adoption curve will play out over many years: XRP: Innovators stage, possibly in early adopters stage (based on what is public). Still very few live instances, and most are in POC testing. Crypto as an asset class: Late in innovators stage or beginning early adopters stage. In aggregate, the very large majority of crypto assets have zero live use cases. Bitcoin: Early adopters stage. Relatively few participants using BTC in real use cases (other than speculation) when viewed from potential market of users, but they do exist. Technology is being altered in a continuous improvement loop to stretch it to fit a wider variety of use cases.
  7. Regardless of your particular role. Lifecycle of the technology.
  8. Where do you think we are at in the adoption curve for: 1.XRP 2. Crypto as a whole Please state reasons.
  9. protechtor

    The Burning Question: Is XRP a security? Going in depth

    For those who are not aware, Ripple entered into an agreement with FinCen and the US Attorneys office to comply with bi-annual audits through 2020 as part of a settlement in 2015. http://bitcoinist.com/great-ripple-debate-fincen-ruling-labels-xrp-currency-not-security/ They have been under FinCen scrutiny since at least 2015, and have a ruling authorizing Ripple to sell XRP. Let that soak in. How would it now look for the SEC to come out as charge them with offering an unregistered security 3 years later, while they are in compliance with regular audits of the Dept of Treasury.
  10. Liquidity is a very real issue at this early point in crypto... even with top market cap assets. Volume is dropping on many exchanges, and certain times of the day volume literally dries up to almost nil. My suggestion is to have accounts at multiple exchanges that target customers in different parts of the world.
  11. There is no "central exchange" for crypto-currencies. Participants buying and selling on exchanges set their own prices on each exchange. This can cause significant differences in prices at any one time, especially on exchanges with small volumes and during times when volume is sparse. In addition, different exchanges have different fee structures for brokering each transaction... some charge some sort of a fee per transaction, some take a portion of the spread. In the latter scenario, it can cause different prices than a transaction fee based exchange because their fees are built into prices to buy/sell.
  12. protechtor

    XRP Patterns

    An update... count slightly changed as the correction has evolved, but direction the same as what I described April 21st. The end of wave II will be excellent place to enter for smart money getting ready for wave 3 up.
  13. protechtor

    XRP Patterns

    Short term update. XRPUSD eeked out a new nominal high to end the first impulsive wave up, and now is in a counter trend / corrective move down. Price is following the Elliott wave pattern very well so far.
  14. Crypto is a new nascent class of asset. It is highly volatile at this stage. Large % swings intraday is to be expected. Eventually, volatility on the assets that survive will lessen as adoption increases (thereby increasing volume). Trading and/or investing carry's high risk... one of which is the failure of the asset and 100% loss of investment. The questions most important to ask is not whether you should HODL or not, but: 1. How much risk are you willing to take with each trade/investment (size of your position in terms of % of investable capital)? and 2. How long is your time horizon? 3. At what points are you going to sell at a loss, and/or sell with a gain (ie. conditions that would trigger you to sell)? I doubt anyone would recommend HODL'ing forever. Answer the questions above before you buy, and stick with your plan.
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