Holy smoke

[galgitron]

Let me be the first to publish into my satirical channel.  Without a doubt, XRP will moon, but not immediately.  I'm basing this on gut-instinct, not much more; but it was my gut instinct that turned my $0 into a pile of self-mined BTC, then ETH turned it into a lot more, and now XRP is going to be my next exponentiation of wealth.  I haven't been wrong in my bets yet for one solid reason: I understand both the tech, and investing psychology.  There's been ups and downs along the way (like the time I panic sold half my ethereum because I was too drunk at the time to control my emotions, ugh), but for the most part, hodling a high quality coin is the answer unless you have a monte carlo-proven strategy executed by a bot; which most of us don't (but I am working on mine).

BTC was first, ETH came next...Ripple's time is now.  XRP is Ripple's icing, so be most certain that once all their hard footwork takes hold, XRP will follow like a rocket and they will make sure of it.  There is nothing that really defines XRP's upper limit, despite all the calls to market cap and 100B coins.  Anybody here remember when Bitcoin was $30?  I do.  A lot of people back then were criticizing it's inflated value, citing it as worthless because you couldn't do anything with it.  That was 2012-ish.  5 years later and it's over 130 times that value and going strong despite all its limitations and forks.  XRP is BTC 5 years ago, and common people are starting to take notice, particularly because of this onslaught of amazing cross-spectrum positive news leading up to Swell.  The media blitzkrieg is unprecedented in altcoin history, and it seems to me that the market will pounce on XRP as a consequence.  Sure there will be profit-taking in Elliot wave fashion, but stay the course and hodl

Edited October 16, 2017 by galgitron

[karlos]

I solemnly pray to Zerperys of House Ripple, the First of her Name, Khaleesi of the Great Cross Border, Slayer of Lifting Fees and Mother of Interledger..

[Xrphunter]

Its just so frustrating when the price is not moving but when you look at their goal its is surely on the long haul

[galgitron]

3 hours ago, Xrphunter said:

Its just so frustrating when the price is not moving but when you look at their goal its is surely on the long haul

Agreed, and so be it.  Miguel stated in the recent Korean conference that their primary focus right now is liquidity and not the price, and because of this focus they are doing a fantastic job of getting the XRP's out of their hands into the world by selling off into the markets.  They'll deny controlling the price because that's just not palatable no matter how you spin it, but the combination of their confession to selling XRP's on the open market to finance their global expansion ("No, we wouldn't be cash-flow positive without the XRP sales", Brad G, http://fortune.com/2017/10/23/bitcoin-ripple-brad-garlinghouse/ despite contrarian occluded statements by @JoelKatz "I think I definitively shot down any "Ripple has to sell XRP to pay its employees and keep the lights on" claim" https://www.xrpchat.com/topic/10544-question-ripples-distribution-vs-ico/?do=findComment&comment=105752), and their obvious restraint in continued purchasing (bots?) when the price goes lower than .20, is quite clearly price manipulation, whether a consequence of, or directly motivated.  Point is however, they're cementing in their product.  We all want to move into the XRP skyscraper before it's even finished the foundation.  They're making the foundation as wide as possible before they start adding floors.  If they let the price go up now, then it would be a chimney that could only go so high before it falls over.  They want the Dubai Burg, and that foundation takes time.  So if anyone feels frustrated at how long it's taking.  Just ask yourself where you'd like to be in 3 years, on the top of a smoke stack, or on top of this:

 

Edited November 11, 2017 by galgitron