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Everything posted by Excerpts

  1. Bigger downtrend likely. Unfortunately XRP follows.... which is why I hold no XRP or BTC at the moment. All cash. I entered in 2017 aiming to accumulate as much XRP as possible. I am overall bull on all these assets but one thing that is clear is BTC leads the market, whether one likes it or not. I have been away from XRP for some time and then recently accumulated my largest position ever in XRP looking to break the 0.315 resistance and got stopped out when it dumped under 0.3. Whilst XRP does not dump as hard or as fast as other alts (ETH, LINK etc), it is the reason I am here in the first place but for now I hold cash. I see BTC heading to 6k then there is a possibility of 5k. I will back the truck up for XRP when the time is right. Right now everything is so uncertain and BTC is moving down so I think there will be an opportunity for XRP once BTC “bottoms” but who knows what level that is....? No one knows but having some dry powder to buy these levels is key. I see large bounce potentials with BTC at 6250 and 5k. We know XRP will react here as well. Thanks
  2. Not at all. This range between 0.25-0.29 is an excellent accumulation zone. With a big support zone at 0.20-0.25). Maintain a stop loss and monitor but this is an excellent springboard region. Yes I think somewhere between 1-10 is possible this year. If I am wrong who cares really, move on to my next trade. (Sorry I may have dropped my thoughts on two boards....by accident).
  3. It great to pick up XRP in this range from 0.25-0.29. 1-10/ XRP this year is possible and probable. Well we will see... this price suppression is just winding up for a big swing.... i do think a pump is incoming...
  4. It sure is great to pick up XRP in this range from 0.25-0.29. 1-10/ XRP this year is possible and probable. Well we will see... this price suppression is just winding up for a big swing....
  5. If it hits 0.25 it should rebound strong as this range is a big range of price action in the past. I am licking my chops to get some lower than that but I think the likelihood is almost zero...:)
  6. When you step back and consider the selling of XRP by Ripple , the whole thing just seems wild. Here is a made up currency that has some really nice features for transactions no doubt, that was built from he sweat of engineers many years ago, and now there is a market for it and they can sell it to find their business operations. That allows them to exponentially build the ecosystem and someday XRP could be used for billions or trillions of $s of transactions. The whole thing is mind boggling really. Kudos to Ripple. As for holding XRP we will just have to see what this amounts to over the next 5-10 years.
  7. Even if he was selling, wouldn’t you if you had millions of XRP from very early investments? Locking in profit...even if he was selling XRP he could sell millions to convert to millions of fiat and still have millions to let ride.... I agree everyone should be realistic - but I don’t agree with the conclusion that if it was confirmed that JK was selling some stores of XRP that that would equate to JK losing trust in XRP. That would be JK acting “realistically”.
  8. Although with this latest run of BTC from 3100-5500 many Alts did 100/200/300/400%. XRP appeared to be in a much more restricted range and was quite stable - XRP is at the bottom of that range right now, whereas many other alts are still ranging at multiples of where they were in Dec. just my observation. XRP may not launch until it’s own fundamentals are proven - it behaves differently than most these other alts I think.
  9. This market is all based on BTC at the moment and the foreseeable future UNTIL use cases are flourishing and ecosystems are widespread for assets like XRP. The demand that does exist for XRP does not move market price like it does for assets with far more limited circulations. And the biggest whale Ripple sells tens of millions every quarter as they publish and that likely has been some effect over time as well.
  10. We will see. BTC needs to convincingly breach above 6k, otherwise we don’t have a downtrend reversal. I have been assessing my own hold of XRP and fortunately moved out some of my hold into ADA in Jan. Now I can buy back more XRP which is great (same idea). But keep in mind BTC is facing a large wall of resistance in the short term.....at least on the BTC/USD comparative. On BTC/XRP you are selling XRP which may be a good call since the XRP/BTC ratio is dropping like a rock but that comparative could rebound quickly to the upside and your XRP would buy more BTC in the future.
  11. Most tech companies pay their employees with stock plus a salary of some kind. If the company is public, they sell their stock into fiat to pay bills, buy a Lambo, or whatever, that is really part of their “salary”. They pay taxes on it etc. This is different but similar in some ways. While as far as we know The SEC has not said anything specific about XRP. But of course employees of Ripple were given XRP in some fashion and they can probably, my guess after a certain period of time, sell that on the open market, and of course pay taxes on the proceeds. There is so much back and forth about XRP being a security or not etc and no official statements in the US by the SEC in this regard that anything we discuss including what I am typing right now is just speculative. But it is worth mentioning that XRP could either see long term appreciation or go to near zero, and it would be wise to at least consider both. Addendum: but maybe Ripple employees are not given XRP....??? Maybe that is not what happens...I don’t know.
  12. I am giving it 3-5 yrs. this is a long game here, patience required. But it all depends on your definition of failure. If your definition of failure is a market price waning in the 30-35 cent region for months then maybe it is a failure if that is the definition. I will add that in 2017 the price seemed stuck in the range of 0.2-0.25 usd for months prior to launching. Different circumstances at that point so that doesn’t mean we should launch in the next few months. If you consider the opportunity cost of holding XRP compared to other assets since Dec/Jan/Feb then one May consider holding XRP a failure as you would have done 2-3x holding another asset. When XRP moves, it moves quickly, we easily will do 100% move in a 24hr period (the key is if it is a sustained move). I personally am not a fan if these 100% overnight moves because it is usually not sustainable. Look at the unsustained move that happened in Sep 2018. Now, almost 90%of that move was erased....
  13. I think so as well. BTC will be a store of value I think, provided fiats are continually losing value by printing presses. XRP will be used for rapid micro transactions (and institutional size transactions of course). Just as an example, there are traders who prefer BTC but utilize XRP for sending the funds from one exchange to another to convert back into fiat etc. we all know the speed of this transaction using XRP. And because of the speed there is much less risk on conversion to fiat by first trading BTC for XRP then to fiat or vice versa. one could use an exchange such as Coinbase to go directly to fiat but the trade off there are the fees associated with that conversion
  14. Interesting to think about guys. whether the circulating supply is 1000x or 2000x aren’t we making the assumption under either scenario that XRP and BTC market dominance is the same? ...For the respective approximate values of 5$ or 1$. Now we may see XRP become as large or far greater than BTC in years to come...(that’s really why a lot of us are here spending time with strangers pontificating these sorts of things:))
  15. That’s correct. That is the idea with TA. You make an anticipation of what could happen based on the past and patterns that are actually patterns for a reason. These charts are not just a random collection of price data. There are in fact patterns, price ranges and algorithms that buy and sell these markets once specific criteria are met. Below the current price range for XRP in USD, we have a very large belt of previous price history between 0.2-0.25. If XRPs market price falls to that range we will see fairly large upward momentum (we have seen it before in aug and Sep 2018). Why did the market price for XRP barely exist in that range when it hit 0.25? Because there was so much prior trade volume in that range and it is a massive zone of support. If XRP happens to breach thru that zone (unlikely) then we would have another large percentage drop - but again I think the chance of that is unlikely. I have set a buy order myself at 0.25 range since we have seen the market touch that and explode out of that range. The odds of XRP going to that price range really hinges on BTC and what it does. I do think these patterns mean something. The key is having a plan for the upside the downside and sideways. Or if one is not interested in TA then just DCA your way down and hope for the best, buy and hold etc - nothing wrong with that either.
  16. Interesting..could you please share this link/reference ...thanks
  17. Interesting thread guys. I don’t claim to know the answer here -just chiming in... I do think it is related to the circulating supply. We all know the circulating supply is actually 100billion. While most are locked up with Ripple, these are being used/sold for various endeavors - let’s call it OTC sales. There is so much liquidity for XRP as well which I think makes it less able to be manipulated. I like many other coins whose supply is far lower and liquidity is far lower. Many of these other coins like ADA have a trade volume 1/10th that of XRP and liquidity is far lower. ADAs actual supply is 1/4 that of XRP. I use ADA as an example as I have been swinging it. I don’t think XRP is being manipulated as the supply and liquidity is so large - and the real “whale” is Ripple who is bound to escrow and regulatory agencies to do this right and thus are not and will not play in whale games we see elsewhere. All of this is being established to build the internet of value. And for now the prices seem relatively stagnant. That is until the internet of value rails are established and churning. Even then I have no idea what we may see for market value of XRP but I think that liquidity providers will be needing to shore up large stashes of XRP to provide the services they will provide. The other thing to add...is that the perception of XRP in this ecosystem is that it is considered a bankers coin and centralized coin. And for that reason alone many will never hold this coin. Bitcoin is a bet against the banks and the failure of monetary systems. I personally hold XRP as a hedge against Bitcoin and that the people that control money flows will end up using XRP As opposed to bitcoin. i am not trading XRP, just building a long stash. It is more exciting to trade other assets - for the reasons above. The long game however requires a lot of patience with XRP....that wait for this asset’s ecosystem to mature and become more operational could be years.
  18. Yes it does seem a bit like those days in 2017... little micro bumps and fall backs to 0.21/0.22. great for accumulating but the question is will we head back to that range 0.20-0.25....Who knows
  19. This is good. Separating emotion from the mathematics of the market is the key. Planning for the potential upside/downside and protecting your assets is most important (and completely different than putting a Benjamin on Black and hoping for the best.
  20. Nice work selling a stack at 3$. I didn’t know anything about trading when that happened and experienced the typical “holy ****” this is amazing feeling. I was in from 0.2 so I have been in profit since 2017 but have learned a few things this bear market and looking to apply those things to these cycles. All the best-
  21. We have a reaction here off that golden pocket. Let’s see what comes of it.
  22. This, I think, is the most logical explanation for future price fluctuations of XRP. The more utility, the more supply needed by liquidity providers to be able to function as liquidity providers. Hence, more ‘hodlers’ Needed to make the most efficient system. The near immediate buy and sell of XRP will be as the prior poster describes a bit like wash trading that simply increases volume of XRP transacted.
  23. I think you could be correct, or at least there’s a chance. I was looking at an analysis by Tradedevil yest on YouTube (if you are into TA), and he has longed XRP/BTC as we are in what he calls a corner pocket. This is a trade that it is worth considering (I personally haven’t just considered it, but picked up a swing long position at these levels). The R/R ratio is looking really good for longing this here, the setup could fail but the potential return in BTC is large.
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