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LotusFace

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  1. Like
    LotusFace reacted to Cesar1810 in Epic Pennant on BTC Chart   
    You will have already noticed that I love this thread .... hahahahaha many good comments that I really appreciate.
    and yes .... I am very positive in life in general terms.
    I think the amount of likes is also because I follow this thread from page 1.
    hugs and hold
  2. Haha
    LotusFace reacted to Jotaro in Charting the course of XRP   
    wow baka, your personality has changed from keep asking "confirmation questions due to low confidence", to spewing "pessimistic facts/opinion with confidence".
  3. Like
    LotusFace got a reaction from VanHasen in Epic Pennant on BTC Chart   
    I enjoy this thread and appreciate your posts. But seriously, why buy Bitcoin at all? Aren’t we witnessing its latest and only use case being thoroughly debunked? 
  4. Like
    LotusFace reacted to jMusic in Epic Pennant on BTC Chart   
    You could be right, but then that also applies to gold, silver, oil, etc which obviously have intrinsic value too. I think things will eventually reset and our financial systems may look very different, but 'post-apocalypse' prices will hopefully once again reflect perceived value and the safe-haven asset classes should be the first to rebound.
  5. Like
    LotusFace got a reaction from Eric123 in Epic Pennant on BTC Chart   
    I enjoy this thread and appreciate your posts. But seriously, why buy Bitcoin at all? Aren’t we witnessing its latest and only use case being thoroughly debunked? 
  6. Like
    LotusFace got a reaction from Ryyy20 in Epic Pennant on BTC Chart   
    I enjoy this thread and appreciate your posts. But seriously, why buy Bitcoin at all? Aren’t we witnessing its latest and only use case being thoroughly debunked? 
  7. Thanks
    LotusFace reacted to Ripple-Stiltskin in Brad Garlinghouse from Davos: IPO a natural evolution for Ripple   
    There are various ways of performing an IPO, but in general it’s not always about founders cashing out.  It could be raising money in order to realise big strategic plans ( take-overs, enormous special investments that kind of things). So let’s assume they have really big plans which require a lot of money. Depending on the sense and prospects of these plans, this would be a good thing.  For Ripple. 
    If those plans don’t include XRP in one way or another then our investment is doomed to stay at pennies. But if that’s the case then even without IPO the future wouldn’t be bright for XRP.  So either XRP still plays an important role in Ripple’s strategy or it won’t. With or without IPO. 
    All pro and cons together my conclusion is that an IPO isn’t bad news for XRP per se, it’s Ripple’s strategy and executional succes that matters. An IPO will maybe force them to be more transparant about these matters, until then we stay in the dark.
     
  8. Haha
    LotusFace reacted to Ripple-Stiltskin in Will ODL cause an increase in price? Some thoughts..   
    @Xill
    Listen carefully, as I’ll only say this once:
    Without debt we still would be in the stone age killing lions with our bare hands.
    Lending means you see an opportunity to invest and make more value with your idea in the near future. It fuels imagination and innovation.  Without lenders and debts the economic growth would have been a fraction of what it has been last centuries.
    Note:  you even don’t have to read real physical books made out of paper:  there are plenty of e-books.  Maybe worth a try? 
     
     
  9. Confused
    LotusFace reacted to baobeiiiii in Epic Pennant on BTC Chart   
    China is not a cashless society. If your experience of working in china is accommodation paid for by your company, company driven cars, your viewpoint is not at all like that of a local, or any of the gazillion immigrants from the countryside who live poor in each major city. Yes, you can use a bank card for almost everything (same as in the west) and yes, you can use WeChat pay for a gazzillion things, but to be honest you and your coworker sound very entitled if you 'only' have 300rmb in the wallet and never use it. You also must never go to karaoke, eat real street food, get a 'massage', jump on a motorbike taxi, pay rent to stingy landlords who want to avoid taxes, gift hongbaos... Almost nobody in you and your coworker's circle use it.. fair enough. 
    Live like a local, and then tell me basically nobody uses cash. Bullsh**t. 
  10. Thanks
    LotusFace got a reaction from XRPboi in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  11. Like
    LotusFace got a reaction from Cesar1810 in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  12. Like
    LotusFace got a reaction from Julian_Williams in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  13. Like
    LotusFace got a reaction from automatic in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  14. Haha
    LotusFace got a reaction from MQB in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  15. Thanks
    LotusFace got a reaction from tony71 in Epic Pennant on BTC Chart   
    I’m in China right now and have been working here (though not living here) for over ten years. I work in all the major cities and my comments are based on those places, not smaller communities. Though cash is accepted everywhere, it is not king.... almost nobody uses it. My Chinese coworker and I were just talking about this a few days ago. He told me he has only 300 rmb in his wallet (about $42 USD), and he has had that same money in his wallet for over 6 months. For him, WeChat pay and Alipay are the main payment facilitators.
  16. Thanks
    LotusFace reacted to Eric123 in Epic Pennant on BTC Chart   
    @automatic Here's the thing with Alt season.  I don't see it happening prior to bitcoin going parabolic.  Basically this is the way I see alt season playing out.  Bitcoin breaks ATH then begins to ramp up with gains, then bitcoin goes parabolic again and tops out at my predicted number of somewhere around $400k at the end of 2020 or in 2021 (i have McAfee having to eat his d*ck but hey maybe we get to $1m ( I certainly hope we do)).Once bitcoin is at this price - everyone that missed out starts to look for "the next bitcoin" and they jump into ALTs, which will have ridden up the wave probably at least 10x from where they are now but still nowhere near where bitcoin is.  I don't think ALT season will take place at the expense of bitcoin.  I think it will be new money that had missed out on bitcoin.  This will propel ALTs to and we should see some crazy high gainers.   
    Now that being said I don't think XRP needs to wait for alt season to move up.  XRP is basically unique in the crypto space (many argue it's not a crypto currency at all and as we know most crypto purists hate it) and moves for it's own reasons.  I can easily see XRP at $5-10 at the same time bitcoin is near it's previous ATH of $20k.
    But maybe we get a mini ALT season before then, maybe ALTs have a relief rally in the mean time or maybe I'm just wrong about what will happen. 
    @LotusFace I had bittrex and bitfinex but since I'm from NY they kicked me out a while ago.  I use coinbase I think my fees have been about $4 a purchase, something like that. @LittleLordFauntleroy I'll check out GDAX
  17. Like
    LotusFace got a reaction from Eric123 in Epic Pennant on BTC Chart   
    Eric and others in the US:
    So far I have been wiring fiat to Kraken for my purchases, but this isn’t feasible for smaller weekly buys (which I want to begin making).
    What exchange are you using for your small purchases? I have a bank account linked to Coinbase, but have yet to use them due to their fees.
     
  18. Thanks
    LotusFace reacted to LittleLordFauntleroy in Epic Pennant on BTC Chart   
    Use Coinbase Pro (aka GDAX).  Same account, still connected to your bank account, but much lower fees.
  19. Like
    LotusFace reacted to Julian_Williams in Epic Pennant on BTC Chart   
    Your point is self evidently wrong; if the market was always right there would be no bubbles and crashes.  The fact that the market is always moving is because the buyers and sellers are are changing their consensus about the market being too high or too low.     The more volatile and violent the adjustments the more obvious it is that there is no consensus about valuation, the only consensus is that the market is wrong. 
    During the dot com bubble the market was pretty much wrong about everything!
    With regards to hopes, on a daily basis I hardly have any.  My hopes are long term, but whether it goes up or down on any particular day is pretty much meaningless to me.  I think I have made this point many times.
    Are you always patronising to people who are older than you?
  20. Confused
    LotusFace reacted to MQB in Epic Pennant on BTC Chart   
    You HOPED too much, old man, borderline dillusional.
    The market doesn't work that way and the market is always right.
    In the foreseable future, everything is at the whim of BTC. No exception.
    Sorry to disappoint you
  21. Like
    LotusFace got a reaction from GiddyUp in Epic Pennant on BTC Chart   
    This thread has been good conversation until recently....let’s not “throw out the baby with the bath water”.
  22. Like
    LotusFace got a reaction from VegitaXRP in Epic Pennant on BTC Chart   
    This thread has been good conversation until recently....let’s not “throw out the baby with the bath water”.
  23. Like
    LotusFace got a reaction from manateehunter in Epic Pennant on BTC Chart   
    This thread has been good conversation until recently....let’s not “throw out the baby with the bath water”.
  24. Like
    LotusFace got a reaction from AgamemnonUA in Epic Pennant on BTC Chart   
    This thread has been good conversation until recently....let’s not “throw out the baby with the bath water”.
  25. Thanks
    LotusFace reacted to Eric123 in Epic Pennant on BTC Chart   
    The amount you don't know is staggering.  Free statements, that are not specifically directed to anyone about whether something is going to go up or down in price is NOT Actionable as Financial Advice.  If it were every guest on CNBC as well as the hosts would be able to be sued. (as well as every other financial program).  No you don't have lawyers on retainer.  I think you need help.
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