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Quaed

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About Quaed

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  1. Cash is still king. Plus, based on the fact that Bitcoin failed upon its - by many assumed - promise to act as a safe haven in uncertain times, I highly doubt that people will park their money in an asset class that is unregulated, highly manipulated, has not yet proven its value and has been in multi year bear market that shows no mercy for anything or anyone. Don't get me wrong, I am a holder just like you. But if the past two years have taught me anything, it would be to keep both feet firmly on the ground and expect literally nothing. Hoping for a flight into crypto will leave you disappointed. After all, instutional money was already "entering the market" en mass in 2018 and 2019...
  2. I agree. However, I believe the next couple of weeks are going to be quite important. Is the uptrend only temporarily broken and will we see a higher low following a higher high or are we going to test the teens again. If the latter plays out, it will be a serious blow for XRP in my opinion.
  3. Is it? Plenty of time has passed for weak hands to leave the market. I think we are beyond the point of shaking the tree, people who stuck around the past 2 years are prepared to see their investment boom or bust. If this is the start of a new bull market, one would assume it is not in the interest of the whales to scare others out of the market, they want new money to enter the market as well. Therefore the current downfall doesn't make much sense to me. But then again, crypto doesn't have a track record of being logical.
  4. I disagree. If your definition were to be used, any downfal would be classified as a bear market and any upside trend would automatically be classified as a bull market.
  5. I share your view and can't grasp what the powers at play are trying to achieve by knocking this market down, again. We've gone through a relentless 2+ year bearmarket by the likes we have never seen before in the cryptospace. Finally, it seemed the market had botommed out and started to move up again, allowing for investors to regain some trust in crypto as an investment vehicle. Knocking this market back to where we came from, or potentially even further down, will certainly crush any trust that was established in the past months.
  6. Coingecko does not agree with the current state of affairs and still puts BTC SV in 5th place even though it surpassed BCH by marketcap
  7. In comparison to my previous prediction I've turned quite bearish. Manipulation is at the very core of this market and Ripple and XRP are in no way capable of fighting its powers yet. In 2020 Ripple continues to slowly but surely sign more contracts, but the progress goes much slower than many holders predict and hope for. As a result, the multi year bear market will, in my view, drag on for atleast another year. It will only allow prices to go up briefly while we close in on the halving date. Q1: 0.30$ Q2: 0.55$ Q3: 0.20$ Q4: 0.16$
  8. It's good to see there are still people with both feet on the ground. On various forums such as this one as well as Reddit and CryptoCompare members are euphoric and declaring the end of the bear market, which I find quite remarkable given the fact that we have thusfar only gained a mere 0.02 dollarcents. Given all the goods news over the course of the last two years XRP should blast right through these so-called resistance levels instead of gaining roughly 10% resulting in few cents up from a two year low (!).
  9. Right on, whereas crypto used to be extremely exciting it has become insanely boring over the course of the months. Even traditional stocks show greater swings, which says something about the state the market is in. I am off the opinion we are overdue for some decent gains, as it makes no sense anymore that this market is still so surpressed. But I think until governments get their act together and draft legislation this market is going nowhere. I am doubtful of the effect of the halving on BTC (e.g. look what happened to LTC's value after the halving last year).
  10. I agree as well. Due to being in a multi year bear market quite a few people are desperately looking for indicators/reasons for a trend reversal. There could be several reasons why this halvening might result into yet another dissapointing event. Firstly, it could already be priced in. Secondly, as more people start to believe into the halvening being "The Event" which will bring BTC to new heights, it most likely will not. Thirdly, like you said yourself: past performance is no guarantee of future results. I am going to sit back and watch the show unfold, but expecting logic to reign in an irrational market like the cryptocurrency market is foolish to say the least in my opinion.
  11. I also invested in XRP back in October 2017 and haven't sold much since (which I sincerely regret now, but hindsight is 20/20). I am willing to hold on to my investment for a time period of 5 years in order to see if it will flourish. I will reevaluate by then whether I cut my losses or hold longer.
  12. Sub .30$ price action caught me by surprise as well. It's disappointing to see that XRP is still completely at the mercy of BTC. As a result of this, we are almost back at pre bull run prices, which I find absolutely mind boggling given the progress that has been made over the course of the last 1.75 year.
  13. I would like to see a prediction on a date for XRP to reach its ATH by @Molten. Just like Eric's 29th of November prediction.
  14. I believe the next alt bull run will, again, be fueled by BTC, so I chose the third option. I do believe xRapid volume will have an impact on the price, but it's effect on the trading volume goes slowly, and will therefore take a significant amount of time to ramp up. I am bullish on XRP as a digital asset, but for some decent gains in the coming bull run we can only hope BTC goes to new records heights.
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