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GoldenGoose

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About GoldenGoose

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    Investing, trading, politics, sports, building businesses, traveling with family/friends.
  • Occupation
    Business Owner and Entrepreneur
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    USA

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  1. I think this is a good move. Moneygram has the established infrastructure and customer base all over the globe, but their ongoing financial and management struggles have made them a dirt-cheap (relatively speaking) opportunity to buy into and not need/want to buy outright. If Ripple and XRP are successful, talk about a game changer! The whole financial landscape will need to take notice, adapt, adopt, or die. Ripple now holds most of the cards to chart their own destiny, particularly if they can convince governments and regulators to get on board. True or false, though, I still get annoyed by those who have a need to leak news/rumors early and shout it from the rooftops. There are a great many things in business that are best kept confidential, until the opportune time to announce them. If it’s something nefarious, like fraud or corruption, by all means expose it. Otherwise, let the appropriate party(ies) make the official announcement, whether it’s a business merger or a neighbor’s pregnancy news.
  2. Shorts are almost entirely seasonal. You'll see a lot more of them, now that it's summertime.
  3. Maybe you're joking, and I missed an earlier discussion or something. Back when BTC was $1, your statement would have been true. If you buy a million dollars of it at $9,000 apiece (approximately 111 BTC), you make or lose a million dollars with every $9,000 move up or down. For every $1 move, you would have about $111.00 in unrealized gains/losses until you sell some/all of it. Put another way, Bilbo Baggins would have eleventy-one dollars at stake with each $1 move up or down.
  4. Based upon the outstanding grammar, alone, I can confirm: It are a phishing attempts.
  5. Yes, but even worse. The $120,000 deposit should have been credited no later than December 11, 2017. Instead, it had all the signs of temporary theft. They completely ignored me for a couple of weeks, then sent notice of account termination without any information on whether/when they would be returning the money. With a support ticket no longer an option, they ignored all other attempts to communicate with them. They only began responding after I contacted their Luxembourg regulator. I finally got the money back, minus hundreds of dollars in fees, two and a half months later. They provided no explanations or apologies. XRP went from $0.23 to $3.31 and had collapsed as low as $0.56 before I got my money back. The net result was realized losses of hundreds of dollars and a missed opportunity that was orders of magnitude more costly. Sometime, I will post a documented play-by-play of their inexcusable deeds.
  6. As a general rule, most people should avoid buying crypto with a credit card. To say that you should never, ever do it is going too far, though. Let's assume the following: 1) You have great credit. 2) You already have (or soon will have) $10,000 in cash available to purchase crypto, and it's money you can afford to lose. 3) You have a new credit card offering you 0% interest for 12-18 months. 4) You get cash back from every purchase. 5) You have a one-time, promotional offer for a $500 account credit for spending $10,000 within the first 90 days from account opening. In such a scenario, it's a missed opportunity to NOT use your card. Even a 3% fee for the purchase is more than offset by #5 alone. It's free money, provided you are sensible about how and when you pay the full balance. Can I suggest any personalities to follow? I'll answer that with a quote from George Bernard Shaw's Man and Superman: "Those who can, do; those who can't, teach." Although this is often used to unfairly disparage the teaching profession, it's very applicable to the world of investing. If I can take an original grubstake of X and consistently grow it to 2X or more inside of a year, then I am a golden goose. Once I've harvested my original grubstake, the rest is gravy. It grows risk-free forevermore, until/unless I make an additional deposit to invest/trade. And as @2ndtimearound already alluded to, I have no incentive to teach my system to most other people. At most, I'd teach my son/daughter or business partner; but there is a disincentive to share it far and wide. One naturally wants to be as private and reclusive with their rare, hard-earned gift as Rumpelstiltskin (no relation to @Ripple-Stiltskin, who has far greater social skills than the fictional dude). Conversely, if someone can't achieve those results from their own trading/investing, they're more inclined to sell subscriptions to a newsletter, start a YouTube channel, or charge people thousands of dollars apiece to attend a one-day seminar to teach them how to trade/invest. Their real motivation is the profits to be made from the subscription fees and seminar sales, as opposed to actual trading results. If you're fortunate enough to know a successful trader personally, learn from them. Just avoid the investment "experts" who are out selling their alleged trading secrets.
  7. Don't be discouraged from trading just because most people do it poorly. There's gold in them thar hills. You've got to take emotions out of the equation, though. And a prerequisite to doing that is to trade money you can afford to lose. That's the very definition of risk capital. And don't use Bitstamp. Most will disagree, but I had a disastrous experience with them. Huge opportunity costs for completely inexcusable reasons.
  8. @Eric123 started this thread, and he's been peddling his unauthorized coins with reckless abandon for nearly five straight months. Following his advise <<That right there is a verb has brought me financial ruin and ended my marriage, and the XRP Chat mods haven't lifted a finger to shut him down. 72 straight pages of lies, while steadily milking ill-gotten gains from his horde of toadies. I can no longer afford an attorney. My only option is to proceed with a citizen's arrest. Do any of you know where Eric lives? And even if you don't, can someone remind me of the procedures to properly execute a citizen's arrest?
  9. A rose by any other name would still be misunderstood by Anton.
  10. I don't have any reason to oppose BTC, and I'm very happy to be wrong. That being said, if BTC were a religion, look at how many protestant branches it has already spawned in its first 10 years. Each time it forks, a subset of former BTC enthusiasts takes their money and their enthusiasm elsewhere. And who is steering the ship? Skilled or not, is there anyone in a Chris Larsen or Brad Garlinghouse role representing BTC among the movers and shakers of the world? Lastly, "it's a store of value." If I had purchased BTC at $16,000 in early December of 2017, witnessed that it's never been higher than that since early January of 2018, watched it lose more than 80% of its value since then, prior to recovering where it is now "only" down more than 50%, have I been storing value? At a bare minimum, we should add a qualifier: BTC is a store of value, provided you buy it at a discount of at least 80% off of its most recent all-time high. Otherwise, USD under your mattress would have been a better store of value at all times between January 2018 to the present. The Emperor is naked. If enough people refuse to see his nakedness, BTC can eventually make it to $1 Million. If so, I already feel sorry for the poor chaps who buy it at that price. As for the original question you posed, I don't have any reason to believe that XRP's price would even loosely move in direct proportion to BTC. If you had purchased BTC at its lowest point in 2017, you would have ridden a charging bull that multiplied several times over to reach its ATH. If you had purchased XRP at its 2017 low, you would have been riding Secretariat. It advanced more than 1,100 times* (far more than 36,000% from absolute low to ATH) in under a year. That bull was a distant dust cloud in your rear-view mirror. I have no incentive to trip the metaphorical bull, but I won't be riding it. Its intrinsic value is most ethereal. * Bitstamp's 2017 Low: $.003; ATH: $3.31
  11. I don’t normally concern myself with price predictions, but I’ll predict that the only way we’ll ever see $1M BTC is if the US dollar suffers Venezuela-style inflation. And I’m confident that the world will see that the emperor has no clothes, long before that ever happens.
  12. @Pablo @Global Cleanup on Aisle 9! Someone barfed all over the forum.
  13. I'm just glad you didn't unleash a drop bear on him. It is his first post, after all. There is a logical reason for the 20 XRP requirement, as it benefits all of us. And there is no reason to believe it will ever be a major hardship to be borne.
  14. I'm sorry to learn that it's Bitstamp. If you're lucky, you'll only have to deal with crappy customer service.
  15. I guarantee it. I agree. It's not worth betting the farm on it. Then again, the 50-Day EMA has not moved above the 200-Day EMA in over a year. I'll take a win, wherever we can get them.
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