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Troote

Bronze Member
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About Troote

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    Advanced

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  • Gender
    Male
  • Interests
    Bugs
  • Location
    River
  • Occupation
    Swimmer

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  1. Buffet and Munger also said they would never short a bubble because bubbles enable the beneficiaries to fund new ideas, fund marketing/hype and sustain the bubbles for extended periods of time. Which is exactly what crypto is doing. Most cryptos have no use case. They thrive on hype, and when a coin moons, the founders get rich and can inject funds to keep the hype going. Until one day, maybe, one use case will actually stick. Buffet/Munger may be grumpy old gits, that doesn't make them stupid.
  2. 36h late but... I f*cking told you so. </me goes back to his pond>
  3. I think Stellar is on the verge of a large pump. It is only a matter of time before Flare Network announces support for it and the possibility to create FXLM (it was voted by 80% of the people on Twitter, so I have high confidence it is next). When the news drop, XLM will pump hard. "Buy the rumor, sell the news." is the phrase, I think.
  4. We are still bullish right now. We gained 50% in 1 week. Price is stable and consolidating. We may retrace to 0.305 which is our key monthly support. If we lose that, the scenario turns bearish. As long as we stick above that, even if we retest that 0.305 level, the market structure remains bullish and we are just waiting for the next leg up. Charts fractals are the same as they were before the pump (between Jan 29th and Jan 30th) that led us to Feb 1st, albeit on a much smaller timeframe. This also supports the bullish narrative and suggests that the next impulse will be up. It may be 2
  5. Ridiculous. Ripple is hated because they openly sold XRPs in the past in the open. Founders of every other coins have sold their coins too, whether we are talking about BTC miners, Buterin or anyone else. And probably in larger quantities. The difference is that they are doing it in hiding. Traders have been playing the market, using leverage, sucking people's money and concentrating the wealth in the hands of the few. Yet these are the very (mellow, for the most part) players in the space that people respect and turn to for guidance. Ripple has been one of the most active builder of the
  6. Nice to see an old profile reappear. Did a bit of stalking and dug up this old thread: Looks like 6 years later, we are still not far from Square 1. As @thinlyspread says, the best thing coming is Flare Network and the ability to mint FXRP to earn Spark tokens. At least the XRP investment would pay off some dividends.
  7. There will be demand for XRP around the May timeframe when the Flare Network launches to mint FXRP, stake them and claim FLR rewards.
  8. Bears will always focus on how much XRP has lost compared to its highs, whilst bulls will always focus on how much XRP has gained compared to the lows. Two sides of the same coin. And the thing is - both are right, both will use these facts to fuel their own bullish or bearish narratives. I see XRP consolidating at a +50% higher price point than last week. It's one of the best performing crypto on the market this week. If a stock was performing like that, it would be plastered everywhere and all media outlets would talk about it. Crypto lives by a different standard. XRP might not pe
  9. Playing at TA predictions: setting a price target at 0.47 for this move up within the next 24h. Note: I'm not actually trading it. Just putting a stake in the ground for fun so I can boast and say "I told you so".
  10. Had to Google it. I found a video of @Julian_Williams in real life!
  11. This is one of the rare posts from you where I fully agree.
  12. I was flat at some point in December after the SEC lawsuit, and yeah, I concur. It was surprisingly difficult to not hold any XRP. A strong feeling of emptiness. I have reached the conclusion that the crypto market is an addiction.
  13. Ahahahah. Keep digging mate! https://www.investopedia.com/terms/s/shortsqueeze.asp "A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price."
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