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Epic Pennant on BTC Chart


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1 hour ago, Neurotoxin said:

I would imagine it would be hard to monitor all that. 

I have to keep on the table the possibility the epic 2016 25x run up to the 3.5 run were engineered.

If they were it was a strike of genius.

 

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I have just cut my stake in XRP into half

This is partly an emotional reaction.  Garlinghouse was selling far more XRP than he needed to provide for even a very lavish lifestyle, at the same time as promoting XRP to the public and his partners.  The cognitive dissonance/conflict of interest in this sort of behaviour is to me breath taking.  I am having trouble believing in the honesty of Garlinghouse as CEO.  I am wondering if he did not settle with SEC to save his own backside, or for the good of Ripple.  I have no way of knowing if he is still pointing two ways, like he seems to have been doing for several years.

Many years ago, when my business was young, I was dealing with an American distributor who was doing business with someone who had cheated one of my artists.  This was enough for me to stop doing business with him.  In a stroke I cut out 30% of my business, and ever since it is a first principle of my business never do trade with someone you distrust or believe is dishonest.  I feel the same sentiment towards Brad Garlinghouse.  I cannot forgive his duplicity.  It is making me feel unwell. 

That said I want also to say before this happened I have never seen Ripple/XRP in such a strong position.  

  • No 3 in CMC on the threshold of a bull market in 2021
  • The only token in the top three that has a real use case
  • The combination of ODL and Flare

I am so happy I have the flare tokens.  In many ways I now see these are more promising than XRP (under this management).

Another reason I have cut my stake is that I think there will at some point be a BTC correction, and this will drag XRP down too.  I will review my position and could well buy back into XRP. 

Edited by Julian_Williams
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4 minutes ago, Julian_Williams said:

I trade on Etoro, these are my choices

BTC, ETH, BCH, Dash, LTC, ETC, ADA, Miota, XLM, EOS, Neo, TRX, ZEC, BNB, XTZ

Which d people think will do best in the coming year

should I wait for a BTC correction?

Btc, ETH and EOS are the only ones with clarity. Then after that there's PoW coins with no central head organization like XMR or LTC. Everything else is up for the SEC to destroy. 

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Sold a little xrp @ .32, got some eos with it about 2hrs ago. Not a lot, but a little. I don't know why it is so close to an all time low. I'm diversifying my portfolio a little. I thought that was interesting too( EOS' near atl). I like cardano, but idk if it right now would be the best time to take a position, personally.Or any alt right now. Most alts got rekt because of the sec announcements. It's kind of funny when you think that every other alt finally was in some parity with xrp and not bitcoin for once. This upcoming week is gonna be interesting to see how they bounce back (not soo much xrp :( ).

Anybody else think btc will retrace at all? Maybe a little correction, consolidation, from this past week hitting aths?

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7 hours ago, Julian_Williams said:

I have just cut my stake in XRP into half

Another reason I have cut my stake is that I think there will at some point be a BTC correction, and this will drag XRP down too.  I will review my position and could well buy back into XRP. 

I've done the same as you. Not sure what to do with it though, all in on BTC, split between BTC / ETH, diversify across a number of alts?

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9 hours ago, Julian_Williams said:

I have just cut my stake in XRP into half

This is partly an emotional reaction.  Garlinghouse was selling far more XRP than he needed to provide for even a very lavish lifestyle, at the same time as promoting XRP to the public and his partners.  The cognitive dissonance/conflict of interest in this sort of behaviour is to me breath taking.  I am having trouble believing in the honesty of Garlinghouse as CEO.  I am wondering if he did not settle with SEC to save his own backside, or for the good of Ripple.  I have no way of knowing if he is still pointing two ways, like he seems to have been doing for several years.

Many years ago, when my business was young, I was dealing with an American distributor who was doing business with someone who had cheated one of my artists.  This was enough for me to stop doing business with him.  In a stroke I cut out 30% of my business, and ever since it is a first principle of my business never do trade with someone you distrust or believe is dishonest.  I feel the same sentiment towards Brad Garlinghouse.  I cannot forgive his duplicity.  It is making me feel unwell. 

That said I want also to say before this happened I have never seen Ripple/XRP in such a strong position.  

  • No 3 in CMC on the threshold of a bull market in 2021
  • The only token in the top three that has a real use case
  • The combination of ODL and Flare

I am so happy I have the flare tokens.  In many ways I now see these are more promising than XRP (under this management).

Another reason I have cut my stake is that I think there will at some point be a BTC correction, and this will drag XRP down too.  I will review my position and could well buy back into XRP. 

Wise move...I sold 90% of my XRP because the risk is too great right now. Do you want to take high risks and hold all your XRP in a volatile market, or sit it out, and buy back in when there's clarity and pay the premium for waiting (higher DCA)? I prefer the latter.  I still hold some XRP because there's always the chance of some event like the escrow being burned or something like that...something you can't time.  Other than that, XRP could end up being one of the safest buys after the court case or settlement, or perhaps the biggest scandal in the cryptospace. 

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5 hours ago, 2ndtimearound said:

Wise move...I sold 90% of my XRP because the risk is too great right now. Do you want to take high risks and hold all your XRP in a volatile market, or sit it out, and buy back in when there's clarity and pay the premium for waiting (higher DCA)? I prefer the latter.  I still hold some XRP because there's always the chance of some event like the escrow being burned or something like that...something you can't time.  Other than that, XRP could end up being one of the safest buys after the court case or settlement, or perhaps the biggest scandal in the cryptospace. 

 

15 hours ago, Julian_Williams said:

I have just cut my stake in XRP into half

This is partly an emotional reaction.  Garlinghouse was selling far more XRP than he needed to provide for even a very lavish lifestyle, at the same time as promoting XRP to the public and his partners.  The cognitive dissonance/conflict of interest in this sort of behaviour is to me breath taking.  I am having trouble believing in the honesty of Garlinghouse as CEO.  I am wondering if he did not settle with SEC to save his own backside, or for the good of Ripple.  I have no way of knowing if he is still pointing two ways, like he seems to have been doing for several years.

Many years ago, when my business was young, I was dealing with an American distributor who was doing business with someone who had cheated one of my artists.  This was enough for me to stop doing business with him.  In a stroke I cut out 30% of my business, and ever since it is a first principle of my business never do trade with someone you distrust or believe is dishonest.  I feel the same sentiment towards Brad Garlinghouse.  I cannot forgive his duplicity.  It is making me feel unwell. 

That said I want also to say before this happened I have never seen Ripple/XRP in such a strong position.  

  • No 3 in CMC on the threshold of a bull market in 2021
  • The only token in the top three that has a real use case
  • The combination of ODL and Flare

I am so happy I have the flare tokens.  In many ways I now see these are more promising than XRP (under this management).

Another reason I have cut my stake is that I think there will at some point be a BTC correction, and this will drag XRP down too.  I will review my position and could well buy back into XRP. 

Either you have no profit or no tax from your selling if you did it in late of the year 😱 which one?

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