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dr_ed

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  1. Like
    dr_ed got a reaction from hallwaymonitor in Q1 postmortem analysis and Q2 speculation   
    You might be right about the first assertion above (I agree anyway) but I think it's more likely that RL is walking a fine line and trying hard to achieve what they see as a balance.......between getting past the stage being the majority owner of XRP and  getting past this somewhat unstable stage of things without crashing XRP back to .03 instead of .30.
    If they sell more than the market will absorb the price might drop by a power of ten, which is not good. So they re-escrow and hope demand rises next month (or some month soon) and then they can get on track. I see it as trying to be prudent, not greedy. It might or might not be the best strategy. The waters are pretty uncharted, no?
     
     
  2. Like
    dr_ed got a reaction from Cesar1810 in Epic Pennant on BTC Chart   
    Anybody besides me thinking that LTC might lead us higher again soon? Building support above the critical 100 level and not much resistance above that I can see, for quite a ways.
    Volatility seems to be increasing. All that's lacking is a little more volume, in my humble elderly opinion.
    Full disclosure. Although I'm an alt coin guy, this last week I took a BTC position and today I'm adding to my LTC. I will trade the BTC for alts most likely within the next few days. Planning to continue to build the LTC position (now about 20% of my hodl) since it seems to be a strong mover at this stage of things.
    It will be interesting to see if the falling CNY impacts crypto over the next several days. Hoping that will bring in Asian buyers.


  3. Like
    dr_ed reacted to Ripple-Stiltskin in Epic Pennant on BTC Chart   
    Yes, so LTC it is then. I took position several days ago at the cost of some XRP. 
    Justin made another announcement of a coming anouncement after june 1, hence the small pamp today of TRX.
    Interesting week ahead.
     
  4. Like
    dr_ed got a reaction from mistatee2000 in Q1 postmortem analysis and Q2 speculation   
    You might be right about the first assertion above (I agree anyway) but I think it's more likely that RL is walking a fine line and trying hard to achieve what they see as a balance.......between getting past the stage being the majority owner of XRP and  getting past this somewhat unstable stage of things without crashing XRP back to .03 instead of .30.
    If they sell more than the market will absorb the price might drop by a power of ten, which is not good. So they re-escrow and hope demand rises next month (or some month soon) and then they can get on track. I see it as trying to be prudent, not greedy. It might or might not be the best strategy. The waters are pretty uncharted, no?
     
     
  5. Like
    dr_ed got a reaction from 1Ton in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  6. Like
    dr_ed got a reaction from Ripple-Stiltskin in Epic Pennant on BTC Chart   
    Anybody besides me thinking that LTC might lead us higher again soon? Building support above the critical 100 level and not much resistance above that I can see, for quite a ways.
    Volatility seems to be increasing. All that's lacking is a little more volume, in my humble elderly opinion.
    Full disclosure. Although I'm an alt coin guy, this last week I took a BTC position and today I'm adding to my LTC. I will trade the BTC for alts most likely within the next few days. Planning to continue to build the LTC position (now about 20% of my hodl) since it seems to be a strong mover at this stage of things.
    It will be interesting to see if the falling CNY impacts crypto over the next several days. Hoping that will bring in Asian buyers.


  7. Like
    dr_ed reacted to Fazzyfocus in Tiffany Hayden   
    The problem with your later justification is you chose to make what would be perceived as a sarcastic accusation in the first instance as it lacked context and foundation..
    When questioned on it, rather than explain, your posts then doubled down on your opinion again without the context and facts surrounding your position. 
    All this on a thread that had already quickly devolved into attacking Tiff.
    Make an accusation against anyone in an environment where that individual already has recognition for contribution (irrespective whether some perceive him/her/them as argumentative) then frankly you do so with truth and evidence or EXPECT to be ridiculed.
    The above isnt bullying. Its common sense. 
  8. Like
    dr_ed got a reaction from Stellios in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  9. Like
    dr_ed got a reaction from Stellios in Is XRP EVER going to be above $5 ?????   
    If you keep plugging the way you're doing at 25, you will succeed beyond your wildest dreams.
    Just do what you're already doing, and do a little more when you start to be a little better off. Most people your age fail for the wrong reasons.....frustration and impatience are easy to give in to. People spend their nest egg on something they DON'T need. Car, trip to Timbuktu, etc. Or other pitfalls. Divorce and substance addiction run high among even the smartest people. Learn to meditate. Do Yoga.
    Baka, I want to write a book about investing that says some things I've never read in any book. One principle that I have discovered, that I never read in any of the dozens of money books I ever looked at.....is a very simple principle that I think is very important.
    "People who invest in something (almost anything) tend to do much better financially in life than people who don't."
    Most people wait...for the good job that flows the extra money....for the company that will fund the 401K...for just the right opportunity.....and as they go through life doing nothing to prepare for their old age.....and depending on the kindness of strangers, more or less......they develop a long string of excuses about why other people are rich and they are still poor. 
    Most of them become socialists these days, and die broke. (That's meant to be a joke, except it's true. LOL.)
    And don't worry so much about missing out on LTC or anything else. Even at my age and with my slightly higher budget, I still feel the same way you do....... like I see opportunities I could take advantage of if I just had a LITTLE more money to invest. But you can't buy 'em all.
    We do have to save a little for dinner and practical things. There is a balance.
     
     
  10. Like
    dr_ed got a reaction from Truckdriver in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  11. Like
    dr_ed got a reaction from Johno in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  12. Like
    dr_ed got a reaction from Julian_Williams in Increase in small - medium payments - [Galgitron]   
    I saw this and agree it's an interesting development. I'm grateful for those like Galgitron (and Jenna) who track this stuff. Thanks so much for posting. 
  13. Thanks
    dr_ed got a reaction from Finesse in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  14. Like
    dr_ed got a reaction from Ripple-Stiltskin in Price potential of XRP   
    Just kidding. I'm only 63, and I'm still a bad*ss.
    But thank you for your kindness to us Old People. We're heavily discriminated against.
  15. Like
    dr_ed got a reaction from GiddyUp in Is XRP EVER going to be above $5 ?????   
    If you keep plugging the way you're doing at 25, you will succeed beyond your wildest dreams.
    Just do what you're already doing, and do a little more when you start to be a little better off. Most people your age fail for the wrong reasons.....frustration and impatience are easy to give in to. People spend their nest egg on something they DON'T need. Car, trip to Timbuktu, etc. Or other pitfalls. Divorce and substance addiction run high among even the smartest people. Learn to meditate. Do Yoga.
    Baka, I want to write a book about investing that says some things I've never read in any book. One principle that I have discovered, that I never read in any of the dozens of money books I ever looked at.....is a very simple principle that I think is very important.
    "People who invest in something (almost anything) tend to do much better financially in life than people who don't."
    Most people wait...for the good job that flows the extra money....for the company that will fund the 401K...for just the right opportunity.....and as they go through life doing nothing to prepare for their old age.....and depending on the kindness of strangers, more or less......they develop a long string of excuses about why other people are rich and they are still poor. 
    Most of them become socialists these days, and die broke. (That's meant to be a joke, except it's true. LOL.)
    And don't worry so much about missing out on LTC or anything else. Even at my age and with my slightly higher budget, I still feel the same way you do....... like I see opportunities I could take advantage of if I just had a LITTLE more money to invest. But you can't buy 'em all.
    We do have to save a little for dinner and practical things. There is a balance.
     
     
  16. Like
    dr_ed got a reaction from Plikk in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  17. Like
    dr_ed reacted to JannaOneTrick in Increase in small - medium payments - [Galgitron]   
    Thank you all for your kind answers <3
    Here is an observation:
    Weekend slopes

     
  18. Like
    dr_ed got a reaction from Ripple-Stiltskin in Is XRP EVER going to be above $5 ?????   
    If you keep plugging the way you're doing at 25, you will succeed beyond your wildest dreams.
    Just do what you're already doing, and do a little more when you start to be a little better off. Most people your age fail for the wrong reasons.....frustration and impatience are easy to give in to. People spend their nest egg on something they DON'T need. Car, trip to Timbuktu, etc. Or other pitfalls. Divorce and substance addiction run high among even the smartest people. Learn to meditate. Do Yoga.
    Baka, I want to write a book about investing that says some things I've never read in any book. One principle that I have discovered, that I never read in any of the dozens of money books I ever looked at.....is a very simple principle that I think is very important.
    "People who invest in something (almost anything) tend to do much better financially in life than people who don't."
    Most people wait...for the good job that flows the extra money....for the company that will fund the 401K...for just the right opportunity.....and as they go through life doing nothing to prepare for their old age.....and depending on the kindness of strangers, more or less......they develop a long string of excuses about why other people are rich and they are still poor. 
    Most of them become socialists these days, and die broke. (That's meant to be a joke, except it's true. LOL.)
    And don't worry so much about missing out on LTC or anything else. Even at my age and with my slightly higher budget, I still feel the same way you do....... like I see opportunities I could take advantage of if I just had a LITTLE more money to invest. But you can't buy 'em all.
    We do have to save a little for dinner and practical things. There is a balance.
     
     
  19. Like
    dr_ed got a reaction from Baka in Is XRP EVER going to be above $5 ?????   
    If you keep plugging the way you're doing at 25, you will succeed beyond your wildest dreams.
    Just do what you're already doing, and do a little more when you start to be a little better off. Most people your age fail for the wrong reasons.....frustration and impatience are easy to give in to. People spend their nest egg on something they DON'T need. Car, trip to Timbuktu, etc. Or other pitfalls. Divorce and substance addiction run high among even the smartest people. Learn to meditate. Do Yoga.
    Baka, I want to write a book about investing that says some things I've never read in any book. One principle that I have discovered, that I never read in any of the dozens of money books I ever looked at.....is a very simple principle that I think is very important.
    "People who invest in something (almost anything) tend to do much better financially in life than people who don't."
    Most people wait...for the good job that flows the extra money....for the company that will fund the 401K...for just the right opportunity.....and as they go through life doing nothing to prepare for their old age.....and depending on the kindness of strangers, more or less......they develop a long string of excuses about why other people are rich and they are still poor. 
    Most of them become socialists these days, and die broke. (That's meant to be a joke, except it's true. LOL.)
    And don't worry so much about missing out on LTC or anything else. Even at my age and with my slightly higher budget, I still feel the same way you do....... like I see opportunities I could take advantage of if I just had a LITTLE more money to invest. But you can't buy 'em all.
    We do have to save a little for dinner and practical things. There is a balance.
     
     
  20. Like
    dr_ed got a reaction from Baka in Is XRP EVER going to be above $5 ?????   
    When I was his age I was back in school after a drop-out stint that lasted a couple of years. I made a union wage, which at that time was a whopping $7 an hour, lol. I had to consider whether to leave the relative security of a retirement plan  from a big corporation and good medical bennies....I thank my lucky stars that working with molten metal in a foundry that was well over 100 degrees F did not become my life's work.
    I make more money in a year than my father made in 20 years doing what I might have done. It's funny how things work out.
    While I worship entrepreneurship just like you do, and hustle, and hard work...the truth is that those who do invest in XRP at 25 are  liable to do just fine, maybe without working quite as hard as you did, or I did. I went to school until I was over 32 (and already had my first two kids) and then I bootstrapped my way to a decent level starting with absolutely nothing. I even had a 20K student loan which seemed huge at the time. And I'm proud of what I did.
    But on investing to earn passive income, I started pretty late. By starting  early, these young guys are going to do better than I did.....IF...and only if, they can set these excellent goals I hear them making and stick to them. That's the hard part.
  21. Like
    dr_ed reacted to BarryPotter in Is XRP EVER going to be above $5 ?????   
    This is my goal all be it I’m a couple of years older.
    Hopefully I can retire in 15 years. If I can make 4K a month il retire as soon as that comes up, not overly a greedy person I don’t need 10k+ a month.
    Good luck to us all holding.
  22. Like
    dr_ed reacted to Baka in Is XRP EVER going to be above $5 ?????   
    i'm 25 and my goal is to get 15k XRP before 2021 , hoping the price won't go too high before .
    I'm hoping things will work right and that at 30-32 yo I could maybe buy an apartment , I'd need XRP price to get to at least 20$.  
  23. Like
    dr_ed got a reaction from BarryPotter in Is XRP EVER going to be above $5 ?????   
    If you keep plugging the way you're doing at 25, you will succeed beyond your wildest dreams.
    Just do what you're already doing, and do a little more when you start to be a little better off. Most people your age fail for the wrong reasons.....frustration and impatience are easy to give in to. People spend their nest egg on something they DON'T need. Car, trip to Timbuktu, etc. Or other pitfalls. Divorce and substance addiction run high among even the smartest people. Learn to meditate. Do Yoga.
    Baka, I want to write a book about investing that says some things I've never read in any book. One principle that I have discovered, that I never read in any of the dozens of money books I ever looked at.....is a very simple principle that I think is very important.
    "People who invest in something (almost anything) tend to do much better financially in life than people who don't."
    Most people wait...for the good job that flows the extra money....for the company that will fund the 401K...for just the right opportunity.....and as they go through life doing nothing to prepare for their old age.....and depending on the kindness of strangers, more or less......they develop a long string of excuses about why other people are rich and they are still poor. 
    Most of them become socialists these days, and die broke. (That's meant to be a joke, except it's true. LOL.)
    And don't worry so much about missing out on LTC or anything else. Even at my age and with my slightly higher budget, I still feel the same way you do....... like I see opportunities I could take advantage of if I just had a LITTLE more money to invest. But you can't buy 'em all.
    We do have to save a little for dinner and practical things. There is a balance.
     
     
  24. Like
    dr_ed reacted to Eric123 in Epic Pennant on BTC Chart   
    @Finesse @robertbruce @LiquidGoat @captainjack @Trentsteel @Caracappa @automatic @Yodaxrp @eoma
    I Agree with everyone.  Look it is obvious that TA has it's limitations as I have written before.   XRP almost completely defies TA, as it's price lays dormant for periods of time then seeming runs out of nowhere. Predicting XRP price timing with TA seems to me to be nearly impossible.  Also the fact that the entire crypto market is basically dominated by Bitcoin also further complicates price movements of alts.
    That being said, certain price patterns have emerged regarding bitcoin that are foolish to ignore.  Charting these movements can provide the astute trader with possible good entry and exit points.  Obviously we have seen that exact point work in this thread and if you used my TA to pick your bitcoin entry or followed my advice on buying LTC you have already made a stellar (pun intended) return.  If you haven't or didn't, don't worry you still have a chance with XRP, I continue my daily buys. @LotusFace I use coinbase.
    Now I disagree with a ton of TA out there.  Reading the headlines on TradingView blogs usually makes me cringe.  As @eoma points out, as more stock traders enter the market, TA will become more important as it is what those guys use to set their algos, with many, if not most of their trades being performed by bots.  However, crypto doesn't move like stocks or commodities- it moves like crypto, so not all of the TA rules apply.  Also different TA indicators will give contradictory outlooks. 
    Basically the things to remember.  
    1.  TA works, kinda.
    2.  Buy and hold works, kinda.
    Remember no TA in the world would have told you to buy bitcoin when it was .01.
    If you research a project and believe in it, invest in it.  Should you use TA to pick your entry, yeah it usually helps.
      
  25. Like
    dr_ed reacted to Hodor in XRP News Update: May 25th, 2019   
    I agree with your assessment of Mojaloop's massive potential.  The raw numbers are staggering, if ILP can do the work that everybody is foreseeing.  Billions of people could be connected financially that are completely disconnected today. 
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