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Eric123

Epic Pennant on BTC Chart

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2 hours ago, Eric123 said:

Again we're playing the waiting game.  Bitcoin just moving sideways on low volume till we reach that large volume move.  I think it will be up, I still think Bitcoin retakes the ATH by end of November.  XRP should follow along when it happens.

I've watched a lot of stock traders comment on Bitcoin, but as I say Bitcoin is not a stock and the rules don't (always) apply.

 

10 15 19 bitcoin.png

10 15 19 XRP.png

What will the sequence of money flow look like? Is it that BTC sideways for a while, and at the same time XRP/other altcoins will continue the current rise in sats value gradually until a mini parabolic run, when BTC rises suddenly and XRP/altcoins sats value plummets but USD value stays stable? All things seem to line up to the same direction according to the charts.

When BTC surpasses ATH and the buy side is exhausted and then the money goes to altcoins, we'll see a real run for XRP/Altcoins?

Edited by MQB

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Another down day for Bitcoin 2%+ at the moment.  Volume is on track to be higher than last 5 days so this could get interesting/ugly as of yet no trends have been broken and tension continues to mount.  The bolinger bands have flattened out and the trend lines are narrowing so a big move is brewing.

@Baka I think Litecoin will move with the rest of the market. Either Crypto will succeed or crypt will fail.  If crypto succeeds Litcoin will be one of the ALTs that also succeeds.  Coin Market cap has 2408 coins listed -  maybe the top 50 will survive maybe more but I bet Litecoin will be among the coins that succeed. 

10 16 19 bitcoin.png

10 16 19 bitcon close.png

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7 hours ago, Eric123 said:

I think Litecoin will move with the rest of the market. Either Crypto will succeed or crypt will fail.  If crypto succeeds Litcoin will be one of the ALTs that also succeeds.

I also don't see why you are so adamantely positive about Litecoin. It is not used, there is no development going on, it's founder jumped the ship. It's simply piggybacking Bitcoin, that's all, and that wont last forever.

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On 10/16/2019 at 2:57 PM, Eric123 said:

Either Crypto will succeed or crypt will fail. 

 

The Digitalisation of money is inevitable.  National Fiat linked stable coins are inevitable.  You would never buy a mobile phone that only did same country calls, the same applies to digital money.  The international perspective has to be included in every package.  For that cross border payment you need a DA without counter party.  The cross border DA cannot be set up by a National Government, it has to be apolitical.  If XRP did not exist it would have to be invented.  XRP are unstoppable since there is nothing else like it and they will be the most efficient way to service cross border inter stable coin transactions. 

Picking winners amongst the others is very hard because there are so many variables.  It is an open question whether the general public will trust independent coins like Litecoin more than a modern high tech Google/Amazon or JPCoin tokens?    Some crypto will service specialist markets , like gaming and gambling and smart contract purchases.  It is very hard to guess how the cookie will crumble and who will be the winners.

Edited by Julian_Williams

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Bollinger Bands on Bitcoin spread out a bit yesterday they should be tightening today.  I'd guess we tighten more before the breakout. 

Does anyone think XRP's chart is making a reverse head and shoulders?

@Claddy  I've address litecoin before. Yeah I think it will survive.  Transactions and hash rate continue to rise.  Hopefully something positive will come out of the Litecoin summit.  https://litecoinsummit.org/

1 minute ago, Julian_Williams said:

National Fiat linked stable coins are inevitable

https://bitinfocharts.com/comparison/litecoin-hashrate.html

https://bitinfocharts.com/comparison/litecoin-transactions.html

 

2 minutes ago, Julian_Williams said:

The Digitalisation of money is inevitable.  National Fiat linked stable coins are inevitable.

National linked stable coins??  Is that something someone wants??? Everything bad about money now with the added ability to track all your purchases.

 

10 17 19 bitcoin.png

10 17 19 XRP.png

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2 minutes ago, Eric123 said:

National linked stable coins??  Is that something someone wants??? Everything bad about money now with the added ability to track all your purchases.

Digitalisation of National currencies is inevitable in my opinion.  It will mean faster, more secure and yes trackable payments with added on features like smart contracts, micropayments and streamed payments.  Most people want the world to remain the same and familiar but get more efficient, so they will embrace having their wages and electricity bills transacted in digital dollars rather than something they find dangerous and unfamiliar (Litecoin). 

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Cash will age out with us dinosaurs.....its disappearing amazing quickly, already. and governments will love the transparency of blockchain, once they grok the potential to collect more taxes. Blockchain linked digital sovereign currencies (or currency, singular, if you're more conspiracy minded) are bound to be the norm within a dozen year, imho.

 

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@Julian_Williams  I think most XRP supporters share your opinion. But I don't consider centralized, infinite, digital national currencies to be crypto currencies.  So no, I don't consider the the digitization of the dollar or yen to be crypto's succeeding.  The way I see it, everyday for the last 8 years (like Bitcoin)  Litecoin has moved form unfamiliar and dangerous to trusted and secure.  

.

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@Eric123 @dr_ed @Julian_Williams

Given that most people already don't carry cash regularly and use their debit/credit cards for all purchases, it's not even going to matter to most of us if the government digitizes money.

To me, 95% of the time, "money" is a number on a screen with a bunch of transactions recorded on another screen "aka my trackable back statement" so digitized money doesn't change anything from an end user standpoint.

We'll happily use our cards or whatever tool we need to be able to use the digitized money.

Digitized money will mostly affect the way banks interface with one another which, again, won't even change, at the core, because every country in the world will not agree to adopt the same digitized currency. So you have all of the same problems happening in a more efficient way.

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16 minutes ago, AlejoMoreno said:

@Eric123 @dr_ed @Julian_Williams

Given that most people already don't carry cash regularly and use their debit/credit cards for all purchases, it's not even going to matter to most of us if the government digitizes money.

To me, 95% of the time, "money" is a number on a screen with a bunch of transactions recorded on another screen "aka my trackable back statement" so digitized money doesn't change anything from an end user standpoint.

We'll happily use our cards or whatever tool we need to be able to use the digitized money.

Digitized money will mostly affect the way banks interface with one another which, again, won't even change, at the core, because every country in the world will not agree to adopt the same digitized currency. So you have all of the same problems happening in a more efficient way.

Does your credit cards stream payments/smart contracts/micropayments and transfer money for next to no cost and carry rich data attachments?

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24 minutes ago, AlejoMoreno said:

@Eric123 @dr_ed @Julian_Williams

Given that most people already don't carry cash regularly and use their debit/credit cards for all purchases, it's not even going to matter to most of us if the government digitizes money.

To me, 95% of the time, "money" is a number on a screen with a bunch of transactions recorded on another screen "aka my trackable back statement" so digitized money doesn't change anything from an end user standpoint.

We'll happily use our cards or whatever tool we need to be able to use the digitized money.

Digitized money will mostly affect the way banks interface with one another which, again, won't even change, at the core, because every country in the world will not agree to adopt the same digitized currency. So you have all of the same problems happening in a more efficient way.

Eliminating cash does a couple of things that you might consider good or bad, depending on how it affects you personally. In the US it's estimated that we have a half TRILLION dollars a year in taxes due that get avoided. Some of that is fancy offshoring strategies by the rich, but that's not as easy as it once was.  Some of it is under-the-table cash. World-wide, 14% of the worlds collective GDP's is black market, none of which is taxed.

That's huge, huge money.  But that's just one piece of the puzzle.

The other part.......is that in order for the existing credit system to endure, the central banks of the world have to now force "negative interest", which is just charging us money for us to keep our assets on deposit in banks. Part of the problem with crypto regulatory guidelines now is that it's beginning to be understood that crypto represents an alternative to bank savings.  That makes it a problem for the Fed and the IMF.

Centralized digital money has the problem of being very hackable. Decentralized money represents 'transparency"  and immutabllity if they can regulate private cryptos out of existence.

So the banks have reasons to hate crypto banks (because they offer a decent return on savings) and governments hate privacy coins, because they're private. And banks have the clout to get any legislation they want, pretty much. And politicians love taxation.

Public decentralized money favors tax collection.....and banks are okay with it if they can figure out how to get rid of interest on stable coins or crypto on deposit.

So crypto has a challenge to overcome because it still challenges the status quo way too much. This is not a BTC issue or an alt issue. It affects all cryptos, sooner or later.

Edited by dr_ed

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