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Zerpening Part 2: The Sequel

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1 minute ago, bec_86 said:

not that one, it s a birtday gift frome my wife. i have if for some time

 

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Now I know what to steal when I visit your house ;)

Apart from the note with your public & private key of course.

Edited by Thakicker

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4 minutes ago, mediator_mba said:

Boring. My wife now asks me about  ripple every two hours - "Darlin', how are our Zerps doing?"
 

Well... Mine gives me a short brief as soon as I wake up (if she wakes up first). Today's was "Back to .95"

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Just now, Zaphod said:

Well... Mine gives me a short brief as soon as I wake up (if she wakes up first). Today's was "Back to .95"

My GRANDMOM took up Bitcoin yesterday ? She was like, so it didn't really pay off. This investment of yours ? I explained her that my money is on Ripple and that I'm planning to retire in next 5 years. I'm pretty sure she thinks I'm mentally unbalanced ?

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Just now, steffenmanden said:

I can use a credit card here :) But im within the EU, maybe that does a difference ? My Bank is not against crypto fortunately :)

I’m in the UK if that makes any difference. Still in the. EU! 

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26 minutes ago, HodlOnASec said:

I am not joking. Investing in crypto is a lot simpler than people make it out to be.

1) Figure out how much you can invest. NEVER overinvest.

2) Do your research. Find the asset that has promising tech behind it and has the potential to drastically change the use cases it is aiming for.

3) Figure out the shortest path to go from Fiat to the asset you want.

4) Figure out your exit price.

4) I misnumbered this to make sure you're reading

5) Buy. If your initial investment is not enough, slowly invest more as and when you can, in small increments.

6) HODL until you reach the exit price.

7) Sell, cash out and forget all about crypto for the rest of your life.

 

That's all there is to it.

I always found the following one helpful as well:

You make money when you buy, not when you sell.

In other words: xrp fundamentals are strong, price is favorable --> buy now rather than waiting until xrp is at 5/10/15/whatever.

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Just thinking overnight about Coinbase. I’m looking forward to seeing the interview @5 pm today...  their cocky attitude towards XRP is annoying. If they don’t plan on adding XRP I wish they would say so.  Common sense would say XRP will eventually be listed. Regardless I cannot wait for coinbase to be DE-THRONED one day. 

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27 minutes ago, vrippled said:

I'm squarely in the I don't give a crap if CB is adding/not adding XRP camp. My tent's pitched right here and enjoying the beautiful sunsets at Zerps will moon in due time-awaki Camp

And btw we've got lots of extra tents for anyone else who needs a new scenery

I'm not sure I want to pitch a tent with you. I mean you seem like a nice guy, but.

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48 minutes ago, automatic said:

The most important thing that people fail to understand about TA is that TA is not an answer in itself, but rather just another piece of information that needs to be considered in conjunction with fundamental factors.  At best, solid TA analysis will reveal some conclusion about possible market behavior given its previous behavior under similar circumstances.  In other words, if market participants behave the way they have behaved in the past, and no fundamental announcements are made, then based on previous behavior we can expect x/y/z.

At worst, TA becomes a reflection of near-term past market behavior and thus tells you exactly nothing.  Take the fancy indicators above:  we have been dropping for some time now and have just undergone a sharp pullback due to failed Coinbase rumors.  Near term moving averages are thus likely to be trending lower than their long-term counterparts, and oscillators have likely all gone haywire due to the steepness of the pullback creating trend divergence. 

Put all of these together, and you end up with a "strong sell";  understand how these are calculated and you quickly see that they are merely a reflection of the recent price action and thus show nothing that can't already been seen by simply looking at the chart.

Understanding TA also requires understanding when to disregard TA;  fundamentals should always be used to validate TA-driven conclusions in order to determine whether they hold water.

Absent of doing so, we end up with nonsense such as seen above.

What usually cracks me up about TA is the articles I see usually say "if the price raises to this, you should buy, but if it drops to this, you should sell.". .......so buy high, sell low.

Whereas if you just dollar cost averaged a worthwhile asset you'd probably end up with the same or better results. 

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2 minutes ago, RegalChicken said:

I'm not sure I want to pitch a tent with you. I mean you seem like a nice guy, but.

The chicken likes to fraternize  with felines, not more of the rooster persuasion.

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