Jump to content

BeachSandInToes

Member
  • Posts

    6
  • Joined

  • Last visited

Reputation Activity

  1. Like
    BeachSandInToes got a reaction from G-Men in EOY thread (for moon boys and their sincere apologies)   
    Just a reminder, bitcoin and xrp (and many others) are primarily traded by the same bots using the same algorithm.  Crypto trading patterns and prices will probably remain synched for the foreseeable future.
    So asking for people to apologize is, well, silly.  If you're frustrated, get frustrated at the bots.
    Best wishes to all in this new year!
    Beach
     
     
     
  2. Like
    BeachSandInToes got a reaction from ChuckN in EOY thread (for moon boys and their sincere apologies)   
    Just a reminder, bitcoin and xrp (and many others) are primarily traded by the same bots using the same algorithm.  Crypto trading patterns and prices will probably remain synched for the foreseeable future.
    So asking for people to apologize is, well, silly.  If you're frustrated, get frustrated at the bots.
    Best wishes to all in this new year!
    Beach
     
     
     
  3. Like
    BeachSandInToes got a reaction from LilBender in EOY thread (for moon boys and their sincere apologies)   
    Just a reminder, bitcoin and xrp (and many others) are primarily traded by the same bots using the same algorithm.  Crypto trading patterns and prices will probably remain synched for the foreseeable future.
    So asking for people to apologize is, well, silly.  If you're frustrated, get frustrated at the bots.
    Best wishes to all in this new year!
    Beach
     
     
     
  4. Like
    BeachSandInToes got a reaction from GrumpyDon in EOY thread (for moon boys and their sincere apologies)   
    Just a reminder, bitcoin and xrp (and many others) are primarily traded by the same bots using the same algorithm.  Crypto trading patterns and prices will probably remain synched for the foreseeable future.
    So asking for people to apologize is, well, silly.  If you're frustrated, get frustrated at the bots.
    Best wishes to all in this new year!
    Beach
     
     
     
  5. Like
    BeachSandInToes reacted to Chewiecoin in What an Incredible Year   
    What an Incredible year 2018 has been for Ripple and XRP.
    Its foolish to look at the price and complain that we have had a bad year.
    Look at the amazing partnerships that Ripple have made and look at the incredible advancements in RippleNet with the launch of xRapid, xVia, Coil etc.
    2018 will be the year that we will look back on as the year the rails were laid and the launching pad was built.
    I believe 2019 will be an amazing year. Beyond that the sky is the limit.
    Happy New Year everyone.
    Chewie
  6. Like
    BeachSandInToes got a reaction from GiddyUp in At least 15 central banks are serious about getting into digital currency   
    Not intending to be an XRP shill here, really.  Lol.
    I'm a Systems Architect.  My experience has been that predicated questions create predicated conclusions that often limit growth  E.g., If 640K of memory is more than anyone will ever need, why would anyone ever choose to buy a more expensive computer that has more memory? (Yes, this was a real debate back in the 80's.)
    At this point in time, the only thing I know for certain is systems, processes, and norms constantly evolve.  So, it's just as fair to ask "If XRP is more widely desired than a crypto dollar, why would they choose to use a crypto dollar?".   Maybe they will, maybe they wont.  Either way, I look forward to hanging out with you and this fine group while we watch how the crypto space evolves.
    Cheers.
  7. Like
    BeachSandInToes reacted to enrique11 in At least 15 central banks are serious about getting into digital currency   
    Thanks for your input.  That's actually one of my concerns...I personally think at this stage of development it's risky to release CBDCs onto the public without trying to understand the ramifications, so I doubt many central banks are actually ready and willing to take it to that level...they will likely observe some other 'Guinea pig' country and see what happens. Instead, I think central banks will use CBDCs or CBDC-based products for something more predictable, and manageable, and less risky, like making payments among various federal agencies much more efficient, transparent, accountable, etc. using a private, permissioned network.  I  think central banks will experiment with and even try to use CBDCs or CBDC-based products for cross-border payment solutions with their trading partners..I believe it's possible, so that's why I'm glad/relieved that many central banks will need legislative approval for CBDCs and this could stall their experimentation with and implementation of CBDCs for internal and cross-border use, and public circulation of CBDCs even longer because of the possible risks involved. So a part of me feels like this gives the crypto space a significant head start to get itself established and succeed, XRP in particular, because this space doesn't have as many hurdles for crypto adoption and usage as governments do.
  8. Thanks
    BeachSandInToes got a reaction from enrique11 in At least 15 central banks are serious about getting into digital currency   
    Not intending to be an XRP shill here, really.  Lol.
    I'm a Systems Architect.  My experience has been that predicated questions create predicated conclusions that often limit growth  E.g., If 640K of memory is more than anyone will ever need, why would anyone ever choose to buy a more expensive computer that has more memory? (Yes, this was a real debate back in the 80's.)
    At this point in time, the only thing I know for certain is systems, processes, and norms constantly evolve.  So, it's just as fair to ask "If XRP is more widely desired than a crypto dollar, why would they choose to use a crypto dollar?".   Maybe they will, maybe they wont.  Either way, I look forward to hanging out with you and this fine group while we watch how the crypto space evolves.
    Cheers.
  9. Like
    BeachSandInToes got a reaction from Truckdriver in At least 15 central banks are serious about getting into digital currency   
    Not intending to be an XRP shill here, really.  Lol.
    I'm a Systems Architect.  My experience has been that predicated questions create predicated conclusions that often limit growth  E.g., If 640K of memory is more than anyone will ever need, why would anyone ever choose to buy a more expensive computer that has more memory? (Yes, this was a real debate back in the 80's.)
    At this point in time, the only thing I know for certain is systems, processes, and norms constantly evolve.  So, it's just as fair to ask "If XRP is more widely desired than a crypto dollar, why would they choose to use a crypto dollar?".   Maybe they will, maybe they wont.  Either way, I look forward to hanging out with you and this fine group while we watch how the crypto space evolves.
    Cheers.
  10. Like
    BeachSandInToes reacted to enrique11 in At least 15 central banks are serious about getting into digital currency   
    You're probably referring to the World Bank.  It's a bank that basically lends to underdeveloped countries to build their infrastructure like schools, hospitals, etc.  The Bank loans these countries money. Then World Bank economists frequently travel to those countries to oversee and evaluate the projects making sure the money gets spent in a rational way and the funded projects make sense and can actually contribute to economic growth.
     
  11. Like
    BeachSandInToes reacted to Chris_Reeves in coinbase - i know, i know - f*** it, but...   
    Additional liquidity is always preferred, no matter my thoughts/feelings on Coinbase.
  12. Like
    BeachSandInToes reacted to XRPto50dollars in Charts - How To's   
    Seeing there are a number of people in here interested in how to use charts to their benefit,
    I figure I'd make a Topic on charts specifically for XRP..
    First rule: Charts do not decide the price of XRP. Don't think that by drawing an arrow pointing upward, that the price is going to follow your opinion. That's my first complaint with TA. Sites such as Tradingview.com has hundreds of users plotting fancy charts like the one below in which the users constantly 'conclude' that the price is going to go up (blue arrows). This is NOT the purpose of technical analysis. TA's main purpose is to convince yourself to hold while your investment price is dropping. This concept is rarely mentioned in TA websites.

    Second rule: When drawing a chart, don't draw what you WANT to see. Draw what is there and then interpret it to the best of your ability. 
    Third rule: TA is extremely powerful and accurate once you learn how to use it. Someone once said, the reason so many people dont like TA is because they dont understand it. Very true.
    Fourth rule: Keep the chart as simple as possible (refer to Rule #1)
    Fifth rule: You will not always be correct. Although chart analysis can assist in your investment decisions, TA is not 100% accurate (just like everything else in life). Do not plot a chart, draw some lines, sell your house, and put it all on XRP because you think the chart is going to make you a million dollars. This is not the purpose of TA. 
    Sixth rule: DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE. 
  13. Like
    BeachSandInToes reacted to XRPPatience in A word of advice to young monkeys   
    Most recently I’ve heard many different descriptions of the down trend the crypto markets are experiencing and I’ve noticed some very interesting behavior.  First off as a futures trader and investor I’ve been witness to many downtrends in a variety of markets. Markets change over time which is very much like the seasons but without the comforting predictability.  I personally think of these down trends as draughts in the market which can cause an exorbitant amount of stress on the people participating in it. 
    It’s interesting to observe how other species such as Chimpanzee’s react to this environmental stress and how there are many commonalities.  Most striking is how older chimps who have weathered such draughts in the past differ from the younger members of the group.  Most react with intermittent bouts of outright panic expending much needed energy.  Aggression and outbursts of screeching from tree tops and flinging feces are common.  There is now evidence of ritual behavior such as stacking rocks and marking tress which increases during times of stress.  Older chimps however adopt a much different approach.  The past experiences of similar draughts give an advantage knowing that with time this environmental stress will subside and nourishing times will return.
     
    Some advice from an old chimp.  Stop flinging feces at others it’s just nasty.  The constant screeching is not necessary and no one is really listening.  Pay no attention to the chimps with dousing rods predicting next day price explosions as it only leads to disappointment. Take comfort and appreciate the wise members of the group that are providing much needed advice and research.  Find some shade under a bush and take a nap. It will rain soon enough.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.