Epic Pennant on BTC Chart

[Quadripple]

32 minutes ago, Eric123 said:

Bitcoin is above the short term down trend line which has now become support.  The big story is obviously the decimation of XRP times 4.  

Maybe it's because I'm a lawyer, but I am not at all rattled by the SEC Lawsuit.  The SEC is not an agency that is really taken seriously, they are an agency that gets payoff in the form of settlements.   Fighting the lawsuit in court will take longer, but I doubt that is how it will shake out.  Most likely Ripple will pay some money, admit no wrongdoing, SEC will say XRP is not a security but it sort of is, XRP price will rocket.

IMO This matter (whether XRP is a security) is something that needed clearing up and it is clearing the way for XRP's bull run.  I'm cash poor at the moment, (Covid has caused me to spend my crypto money on child care, instead of my kid being in school I have to spend a ridiculous amount of money to have someone watch him during school hours) but if I had the cash handy, I'd be buying XRP at this price.

 

Thanks for your insights Eric. Always very useful and I'm glad to see we're like minded regarding the SEC suit. Sorry to hear about the covid-cash problems. I'm sure XRP will eventually make it up to you  

[Eric123]

i would be buying XRP with both hands at this price .273

[Francis]

bought my first XRP in 2014. Does anyone remember snapswap? I've been through a lot of shake outs. This may be the king of all shake outs, so I bought 3 times today; and I'm not done.

[solid102]

22 minutes ago, Francis said:

bought my first XRP in 2014. Does anyone remember snapswap? I've been through a lot of shake outs. This may be the king of all shake outs, so I bought 3 times today; and I'm not done.

It is OGs like you from which we learn

[Eric123]

Where is the bottom???? I'd keep averaging in. 

[Fahimth14]

On 11/30/2020 at 9:54 AM, BillyOckham said:

Someone has drunk the coolaid...  it’s either the OP whose trotting out the old fud points, or the deluded bunch of us that think it has enormous potential and is nearly the exact opposite of everything the OP said.

I guess in the fullness of time the deluded folk will be revealed.  I sure hope it’s not us XRP fans.    
 

EDIT:   OOPS “OP” is wrong term.  Shoulda been @Fahimth14 (another in an endless series of brand new accounts with apparent long term knowledge and yet a bag of the golden oldies)

👋 Karma

[JoeBishop]

1 hour ago, Eric123 said:

Where is the bottom???? I'd keep averaging in. 

Asia retail hodlers and Jed's nightly sales yet to come . . . this madness likely continues for a while.

[Fahimth14]

1 hour ago, Fahimth14 said:

👋 Karma

@BillyOckham 

[BillyOckham]

9 minutes ago, Fahimth14 said:

@BillyOckham 

This is a bad day for XRP but it doesn’t make you right in your original assertion that XRP had no use other than funding Ripple.

But gloat if you want.   In fact do anything you want...  it makes no mind to me.     I won’t be responding further since it’s clear from your two attempts to get me to bite that you would love a trolling session.

[Eric123]

XRP ending the day down 41.73% on almost 500 million XRP traded

Wednesday Bloody Wednesday. 

 

 

Edited December 24, 2020 by Eric123

[Milly238]

24 minutes ago, Eric123 said:

XRP ending the day down 41.73% on almost 500 million XRP traded

Wednesday Bloody Wednesday. 

 

 

Do you see xrp pulling through for a bull market still ?

[Digitall]

9 hours ago, Francis said:

bought my first XRP in 2014. Does anyone remember snapswap? I've been through a lot of shake outs. This may be the king of all shake outs, so I bought 3 times today; and I'm not done.

Hey Francis, thanks for taking us back and putting things in perspective!  My first XRP buy was $100 via SnapSwap in 2014  

Over the years I've only cashed out what I've invested so that I at least break even, but more than anything to test exchanges and their efficiency in transferring funds. Those of us who have been in since the SnapSwap days are lucky enough to have the experience on this rollercoaster ride to see through this turbulence we're going through.  I gather that the majority of us who have invested in XRP and other crypto do not see XRP as a security - the lingering problem that I see in this SEC complaint is the accusation of manipulation of the market/majority XRP holding by Ripple and the way they scapegoat Larsen and Garlinghouse as greedy grinches who have made themselves uber-wealthy by selling part of their holdings. That said, I think those two may be the ones to really get hit with this, and if they're as transparent and well-intentioned as they project, their 'punishment' in the pending lawsuit may end up in them having to relinquish some/all of their personal XRP holdings or perhaps burn escrow, both of which would not necessarily be bad for all intents and purposes.

The past few days have been the first time that I've really had my finger on the sell trigger during my 5 years of hodling, but I've kept my nerve and will ride this one out, just like all of the other dips I've ridden out along the way.  May 2021 bring regulatory clarity to XRP so that we can leave this SEC tension behind and climb to new heights!

Happy holidaze everyone!!

[BruceWhale]

Hello there, 

After the SEC complaint I am thinking about something.

What if Ripple forced the SEC to do the complaint to get clarity ?

Ripple was waiting since years to get clarity and regulation. The Chairman resigned the day after the complaint. The next administration will be in charge of the lawsuit and could clear it. This brings clarity and regulation so ripple can move on. 

A one year 50 to 80% drop is better than to get non regulation and non clarity for the next few years. So Ripple can get back in his feet quickly and keep building the " railroad "

[anteksiler]

23 minutes ago, BruceWhale said:

Hello there, 

After the SEC complaint I am thinking about something.

What if Ripple forced the SEC to do the complaint to get clarity ?

Ripple was waiting since years to get clarity and regulation. The Chairman resigned the day after the complaint. The next administration will be in charge of the lawsuit and could clear it. This brings clarity and regulation so ripple can move on. 

A one year 50 to 80% drop is better than to get non regulation and non clarity for the next few years. So Ripple can get back in his feet quickly and keep building the " railroad "

This is text-book confirmation bias.

[Troote]

31 minutes ago, BruceWhale said:

Hello there, 

After the SEC complaint I am thinking about something.

What if Ripple forced the SEC to do the complaint to get clarity ?

Ripple was waiting since years to get clarity and regulation. The Chairman resigned the day after the complaint. The next administration will be in charge of the lawsuit and could clear it. This brings clarity and regulation so ripple can move on. 

A one year 50 to 80% drop is better than to get non regulation and non clarity for the next few years. So Ripple can get back in his feet quickly and keep building the " railroad "

Yeah, people wake up in the morning and decide to go to the authorities, begging them to sue for hundreds of millions of dollars.