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  1. Like
    Excerpts got a reaction from DannyRipple in Day Trading Crypto Currencies   
    That’s the key. 
  2. Like
    Excerpts got a reaction from dr_ed in Charting the course of XRP   
    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 
     
     
     
  3. Like
    Excerpts got a reaction from Cesar1810 in Charting the course of XRP   
    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 
     
     
     
  4. Like
    Excerpts got a reaction from Julian_Williams in Dumping again...   
    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...:)
  5. Like
    Excerpts got a reaction from Xrylite in Thinking of selling XRP for BTC   
    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”.
     
  6. Like
    Excerpts got a reaction from 1Ton in Thinking of selling XRP for BTC   
    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.
     
  7. Like
    Excerpts got a reaction from Lamberth in Thinking of selling XRP for BTC   
    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.
     
  8. Like
    Excerpts got a reaction from tony71 in Thinking of selling XRP for BTC   
    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.
  9. Like
    Excerpts got a reaction from Odiseo in What Is Different About XRP?   
    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
     
     
  10. Like
    Excerpts got a reaction from Cesar1810 in At what point   
    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....
     
  11. Like
    Excerpts got a reaction from Roaring_Twenties in What Is Different About XRP?   
    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.
  12. Like
    Excerpts got a reaction from Roaring_Twenties in Consolidation before Accumulation before Bull Run   
    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.  
  13. Like
    Excerpts got a reaction from 2ndtimearound in Consolidation before Accumulation before Bull Run   
    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.  
  14. Like
    Excerpts got a reaction from Julian_Williams in Consolidation before Accumulation before Bull Run   
    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.  
  15. Like
    Excerpts reacted to dr_ed in What Is Different About XRP?   
    You have to scroll down and look near the bottom of the first section (in the graphic just above the conclusion.)
    https://messari.io/method
     
  16. Like
    Excerpts got a reaction from dr_ed in What Is Different About XRP?   
    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.
  17. Thanks
    Excerpts reacted to xSODAx in tradingview - botje11 - Good chart analysis   
    Hi there,
    yesterday I closed my "play stash"-positions on eToro and sold at 0.357 - Reward: ~200 Bucks. Only a few minutes later ETH collapsed followed by BTC, XRP  and others later on...
    Why did I sell:
    I had confidence in the TA of botje11 who expected that "correction" - once again he was right. On telegram he warned a few hours before and he presented three possible scenarios plus the conditions that made the respective scenario likely. I was warned. And then ... as I sat on my couch another twitter message: Its most likely event will occur within the next few hours, condition by condition were met ... the correction must be made within the next few hours ... I sold...
     
    My advertisement for botje11
    For those who are interested in TA, who do not want to be surprised anymore, who want to understand the mechanisms in this stupid market, I really recommend to follow botje11 on tradingview. He tries to be quite objective, shows scenarios and which are likely to be fulfilled. The nice thing about it: He also calls the conditions, what must happen, so that a, b or c could/should occurs. Nor is it a pity to reject his approaches when things change and reevaluate.
    Also nice: His training charts in which he explains patterns, forms and connections, for me: so understandable that I as a layman can even understand that.
    Look at his contributions, I think they are worth reading, you learn a lot and above all: they also help that you are no longer surprised by market movements (you expect them).
    https://www.tradingview.com/u/botje11/
    Important and urgent messages are more spread via telegram: https://t.me/botje11
     
    Why do I advertise him?
    I think he deserves millions of likes at TV because he is one of the best and most objective analysts for our crypto market. That is why I promote him
     
    Best regards
     
    xSodax
     
     
     
     
     
     
  18. Like
    Excerpts got a reaction from Cesar1810 in Day Trading Crypto Currencies   
    That’s the key. 
  19. Like
    Excerpts reacted to Spekul8 in Day Trading Crypto Currencies   
    and....it is important to be very self-conscious of your decision making.  Sooner than later, you will realize that you move between fear and greed.  To analyze ourselves is hard, but the more you think about the motivation behind your actions, the better you get at this game.  Before every trade I ask myself this: 
    1) Why am I doing it? 
    2) Did I look at the data objectively, or did I see what I wanted to see?
    These are business questions. Trading is my business.  
  20. Like
    Excerpts got a reaction from Spekul8 in Day Trading Crypto Currencies   
    That’s the key. 
  21. Like
    Excerpts got a reaction from Spekul8 in Day Trading Crypto Currencies   
    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-
  22. Thanks
    Excerpts got a reaction from HardRockBullys in What volume in cross border transactions to = $1XRP   
    This, I think, is the most logical explanation for future price fluctuations of XRP.  The more utility, the more supply needed by liquidity providers to be able to function as liquidity providers.  Hence, more ‘hodlers’ Needed to make the most efficient system.  The near immediate buy and sell of XRP will be as the prior poster describes a bit like wash trading that simply increases volume of XRP transacted.  
  23. Like
    Excerpts got a reaction from Cesar1810 in Day Trading Crypto Currencies   
    Nice work selling a stack at 3$.  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-
  24. Like
    Excerpts got a reaction from CryptoGerrie in XRPBTC LONG Chart   
    We have a reaction here off that golden pocket. Let’s see what comes of it.
  25. Thanks
    Excerpts got a reaction from CryptoGerrie in XRPBTC LONG Chart   
    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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