I just noticed the cool new badge by my name... I'm Bronze! Thank you all for indulging my ramblings and for all of the kind reactions to my posts. Love the discussion on this and the many other excellent threads. This forum is amazing.
Well bitcoin firmly broke the short term downtrend and is on its' way to breaking the large downtrend that began at the end of June when it topped out at $13,800. The daily MACD looks good and the Weekly chart also broke the trend (Weekly MACD isn't good, but you can't have everything). Looking for more gains to come.
Litecoin is one step ahead of bitcoin or more like one day ahead - more gains to come
XRP won't budge. I don't bother with XRP's chart cause it's irrelevant. I'm buying more. If any of you guys know about social dynamics - pick up artists use it, you know that if you don't give someone attention - they work to get it. That has become my relationship with XRP. The less it reacts to good news the more I want to buy.
Hey baby - bitcoin and litecoin are making me money how bout you, you got good news.
XRP price ignores the news, price doesn't move.
I buy more.
The charts are what they are. Do you see something different? I'm giving a specific date of action and I already went on record predicting a break up for XRPUSD and XRPBTC. What else do you want from me?!
Correction to my last post. It's not a rumor.
However as an appeal will be filed it might be years before we have to worry about the dump.
@jnbr I wrote that the BTC Price would be back at my Trendline by Mid August (Aug 20)which would put it at a price of $13,940. Obviously I missed the mark, but I still expect it to return to the trendline. Basically I'm posting daily updates for two reasons, 1. to watch the price and show indicators of where and when it might move, 2. to let everyone know that I realize I missed the mark and that even though we are not there now I still expect the price to return to the trendline. I don't take my calls lightly and I don't make them at all without putting my own money at risk, my continued purchases of XRP are based on my belief that XRP (and the whole market) are going to appreciate with the bitcoin price.
@manateehunter The article says there is no ruling yet, basically looks like they are reporting on a rumor. But assuming it's true that's about $5 billion total. Coinbase CEO said he sees about $200-$400 million institutional money coming in per week and that's just one company so there is appetite to buy up these coins. If the sales are done properly (and not like the Mt.Gox trustee did it) it doesn't have to wreck the market, but yeah it could be a major speed bump.
@Caracappa yeah I only see whales piling into ALTs after they made $$ on Bitcoin not after a dump. But who knows we'll see.