Jump to content


  • Content Count

  • Joined

  • Last visited

About ed1

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Ripple didn't put every single coin they had at the time in an escrow account, they have put only 55 billion. At that time, if I remember correctly they had around 4 billion or a little bit more on a separate account which can account for the differences over time, they have never suggested that they would be sending only from escrow accounts. Second, the article is misleading in title suggesting that Ripple somehow releases more than the escrow queue enables. In reality Ripple has utilized only a very minor share of what the planned Escrow function allowed it to release. Out of a potential 15 billion XRP being released to the market (1 billion per month), they have only distributed about 2.3-2.4 billion or 16% of overall potential releases that Ripple could have done. They could have released 15 billion over 15 months and that would be within their Escrow schedule. So, I call this article a FUD which is what it exactly is.
  2. A foreshock is an earthquake that occurs before a larger seismic event (the mainshock) and is related to it in both time and space. What we are seeing today with the price increase but more importantly with the volume explosion is a foreshock of a larger move that is about to happen in XRP. Historically every major parabolic move in XRP has been associated with a volume explosion that accompanies and signals a major shift in price. In April28, 2017 volume was 12M USD with a price of 0.035, next day April 29, 2017 volume exploded to 65M USD (5x), price increased to 0.045 => This was the FORESCHOCK signalling what is about to happen. April 30, 2017 volume went up to 95M USD and price to 0.05 and for a period 4 days with lower volumes around 30M (still 3x April 28, 2017) and a steady price increase toward 0.06 accompanied. This was the period of foreshock. The mainshock began on May 5 lasting until May 18 where the price topped 0.38 a more than 10X increase since the beginning of foreshock, a period that also accompanied a top volume of up to 280M USD on several days and an average of 140M USD across the cycle. A similar pattern can be seen in the foreshock of December 13, 2017 to December 21, 2017. Volume increased by 9X from 140M to 1.3Billion while price appreciated from 0.25 to 0.38, this was the first explosive growth signalling the beginning of FORESCHOCK, for the next 2 days volume continued up towards 5Billion USD on Dec 15th, price went up to 0.84, the next 6 days have seen lower but still above 1Billion volumes (nearly 8x as big as volumes before December 12) and a price stabilization around 0.74. Dec 22nd was the beginning of mainshock with a 5X volume growth from 750M to 3.8Billion volume accompanied by a price increase of almost 50%, the mainshock lasted until Jan 05, with volumes frequently topping 6billion and price reaching above 3$. So, we know that the foreshock comes with a volume explosion and an accompanied price increase of around 28-30%, it sets in with higher volumes for a short few days, stabilizes price increase for a period of 4-6 days and follows this with the mainshock which comes with another volume explosion. Let's look at what happened today: Volume explosion from 1.8B to 5.4B (3x) accompanied by a price increase of about 30% up to 42.5 cents. These two signals match that of the pattern we have seen in previous foreshocks. Let's see if the pattern continues over the next 6 days (2 more days of high volume followed by stabilization), if this occurs we may be looking at a foreshock with the possibility of a new mainshock to follow in a week's time.
  3. Legally, I don't think that is possible. Although one could use an outside entity to do this.
  4. I have seen this movie before, when XRP goes up, it goes up with a vengeance.
  5. BTC has pumped straight through its resistance points and the alt season is just starting now as we have seen with Bcash today. Keep in mind price in crypto moves mostly in 10 day cycles. XRP is traditionally a late comer to the show but it will be there. My guess is 1.4 USD/xrp by May 29th.
  6. 6200 to 6400 ? Is that the next resistance for BTC? I hope it pushes through to 7K and above soon. We need noobs FOMOing into crypto, retail money sweet and naive. Institutional would be a game changer but they are too cautious and too smart whereas noobs ahh those sweet noobs throwing hard earned cash like it is nothing.
  7. It is abundantly clear right now that XRP is kept at 29-30 cent range no matter what happens to BTC. So if BTC continues to rise it may make sense to move to BTC (for those who are willing to trade).
  8. dumping dumping 4830 now. last time it came back from 4400..
  9. hodling is all good but I wouldn't mind getting to 1$/xrp soon..
  10. well, the good thing is the price stays the same no matter what happes; whether if the market goes up or down.
  11. Actually the price is pretty stable at around 0.29-0.30 USD.
  12. The problem is there is no regulatory oversight. No party can force tether.to to pay up the 1-to-1 equivalent in USD. So they can get away with it for the mean while. A simple fix at least for the US could be to ban the trading of all assets purchased with USDT. So even if you are trying to exit via BTC etc, you literally can't. That will put an end to this non sense. Exchanges like Binance and BFX will be devastated but the market will correct itself. Otherwise we will continue with this BS until BFX can make up for the loss somehow (outside investment, fees, trading?).
  • Create New...