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Eric123

Epic Pennant on BTC Chart

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45 minutes ago, captainjack said:

If we reach 10$ over the next year I will travel to America for the sole purpose of having my teeth checked by you

Hold on, hold on... he's a dentist... no-one knows if he's a good dentist. ;)

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47 minutes ago, dr_ed said:

XRP appears to have reversed, but we've had so many fake-outs we need better confirmation. We really need clear .40 for me to feel sure of this reversal, and only at .60 will I be convinced we're in a new bull market that is likely to have legs.

But it's likely in my opinion.

 

Last year at around this time give or take a few weeks we touched  70 cents only to drop back to where we were last week. Touched 50 cents earlier this year ! There’s no convincing me until the whole market breaks out and starts moving  close to regaining 50% of its ATH

stops me from being disappointed when **** starts rolling back down hill😂

 

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At XRP of $50, I'd be a very rich retired dentist.

My patients think I'm a good dentist. I get great reviews. 

2 minutes ago, Trentsteel said:

Last year at around this time give or take a few weeks we touched  70 cents only to drop back to where we were last week. Touched 50 cents earlier this year ! There’s no convincing me until the whole market breaks out and starts moving  close to regaining 50% of its ATH

stops me from being disappointed when **** starts rolling back down hill😂

 

I understand. I've been long XRP for almost a year....and it's been frustrating. 

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Posted (edited)
8 hours ago, dr_ed said:

At XRP of $50, I'd be a very rich retired dentist.

My patients think I'm a good dentist. I get great reviews. 

I understand. I've been long XRP for almost a year....and it's been frustrating. 

Been on it for 2 years+ I can wait, I’m in no rush yet, it’s only the wife who reminds me of December 2017😂

Edited by Trentsteel

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Posted (edited)
45 minutes ago, baobeiiiii said:

Hold on, hold on... he's a dentist... no-one knows if he's a good dentist. ;)

At least one of his female assistants is mighty gorgeous

Edited by MQB

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1 hour ago, dr_ed said:

XRP appears to have reversed, but we've had so many fake-outs we need better confirmation. We really need clear .40 for me to feel sure of this reversal, and only at .60 will I be convinced we're in a new bull market that is likely to have legs.

But it's likely in my opinion.

I'm hoping for $8-10 over the next year or so. Based on history, that could conceivably happen over a fairly short time. That's not prediction, just a reasonable guess as to where we COULD get on a single bull run...and that is not a long term price prediction. I expect XRP to reach a much higher price....at least $50...and it could be much higher. Depends on lots of variables, the most important one which is how much market penetration xRapid gets on cross-border settlement.

If we go over .50 after SWELL or before years end then it is a sure thing and not a fake out.  I feel the last few months the market just wanted everyone to give up and sell their shares so then it goes higher and I believe alot of people did just that.

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Posted (edited)
55 minutes ago, dr_ed said:

At XRP of $50, I'd be a very rich retired dentist.

My patients think I'm a good dentist. I get great reviews. 

I understand. I've been long XRP for almost a year....and it's been frustrating. 

For many of us it has been nearly two years.  I have got through by comforting myself that this is an accumulation phase and that the Ripple XRP bandwagon is unstoppable.

 

I agree we could go up to 5 -10 next year - but on present form it might take longer than we expect for the real action to kick in.

Edited by Julian_Williams

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10 hours ago, Tinyaccount said:

How do we know this?   Maybe she has a higher opinion of Aussie accents than the good Doc has...   :) 

Damn. I'm so sorry I even said anything. I think somebody told on me already to my friend...the one we were discussing. I sure didn't mean to hurt anyone's feelings. My accent is apparently quite noticeable to Aussies, fwiw. That's what I'm told.

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XRP getting another beat down today.  This downtrend does not want to let go.  These are exciting times but I am kinda looking forward to the day when cryptos are not so easily manipulated and there is some stability in the market.  As the supply of bitcoin dwindles this should happen.  So basically if it doesn't go bust!!  Eventually if we survive we will be rich old men like Buffett.  (counting our money as we fill our diapers).  By 2032 the block reward will be less than one bitcoin, was board so wanted to draw out the supply increase.

Year                Block Reward             Daily               Yearly             Total Bitcoin added  until next havling

2008                50                                7,200               2,628,000                    10,512,000

2012                25                                3,600               1,314,000                    5,256,000

2016                12.5                             1,800                  657,000                    2,628,000

2020                6.25                                900                  328,500                    1,314,000

2024                3.125                              450                  164,250                       657,000

2028                1.5625                            225                    82,125                       328,500

2032                0.78125                          112.5                41,062.5                     164,250

2036                0.390625                         56.25               20,531.25                     82,125

2040                0.1953125                       28.125             10,265.625                   41,062.5

2044                0.09765625                     14.0625             5,132.8125                 20,631.25

2048                0.048828125                     7.03125           2,566.40625               10,265.625            

2052                0.0244140625                   3.515625         1,283.203125               5,132.8125

2056                0.01220703125                 1.7578125          641.6015625             2,566.40625

2060                0.006103515625               0.87890625        320.80078125           1,283.203125      

XRO 10 10 19.png

bitcoin 10 10 19.png

block reward.png

Edited by Eric123
Realized the layout wouldn't look good on mobile added pic

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Well based on the block reward looks like we only have to wait for 2060.  It's only 41 years, that's right around the corner.  I will probably have been dead for 35 years at that point but maybe some of you will be around.  If bitcoin is still around at that point - if demand stays constant -  the price of one bitcoin will be $1,393,442.  

Anyway not much to say about today.  BTC hit 8,800 then got beat back.  Guess "they" don't want it to move yet.  XRP is doing what it does lately.

 

10 11 19.png

10 11 19 btc.png

10 11 19 XRP.png

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Some screenshots I took early this morning. Today’s price action and price action in late February.

Both were 3 drive structures up into an area of heavy demand coming off red 9 candles (TD indicator) on the 3 day chart.

You can see what happens next. Anyway I hope this plays out similarly and we grind back up to 8800 then break through it violently. Needless to say, staying above 8k is important. Ideally we don’t drop too far below 8300.

0AB18328-86FC-4BB0-9219-E72C84CDAED8.png

ABD90CB1-00BF-46BB-BA02-D41BF00B5100.png

2F27ACDE-5CCA-4FEE-B402-33445C8AB29D.png

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One thing that following charts every day gives you is a good feel for significant shifts in the action.

Since Feb 1, 2019, we have had a recurring phenomenon whereby every time BTC took a significant hit on price, XRP took one too, but when BTC bounced, XRP tended to stay flat and recover slowly and not as much.

Now we appear to have flipped (it's still early to know for sure) and for a while now  we'll have a market where XRP holds steady when BTC corrects, but still follows it up when it breaks out.

BTC is still going to be the leader on big upside breakouts, I think...and XRP will still be dragged up with it. This pattern has been going on all along, and it will remain important.

What I hope is that the new action (which is happening today, right now) of XRP holding it's gains, will continue. That's been the problem with XRP since BTC turned bullish last December. it just hasn't held gains very well. We had that one fairly decent run in the spring where it was appearing to start holding better, but it didn't last.

That's my insight for this Friday, October 11, 2019.

Today is the first cool fall day in Austin, down to about 49F....... (9.5C today for the rest of the world). It's just awesome after the hottest early October in my memory. I extend my best wishes for a nice weekend to all patient XRP hodlrs, and have reason to believe the tide is turning for us now.

Edited by dr_ed

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