Epic Pennant on BTC Chart

[Eric123]

Santa gave a nice Christmas gift yesterday in the form of a new All Time High for Bitcoin and it seems to be the gift that keeps on giving.  Bitcoin and Litecoin are tearing it up and to a lesser extent ETH.  XRP after hitting .384 yesterday is back down to .30. I wrote it would have a substantial rebound and be back to .40 by Monday and I still stand buy that.  I think any price around .30 is a good buy for XRP.  

I'm not selling any of my XRP at these levels and like I've been saying since the lawsuit from the SEC and the preceding announcement of the lawsuit hit (the day prior)  - If I had the cash, I'd be buying XRP at these levels.

[Julian_Williams]

50 minutes ago, xrp-nuke said:

 

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

I sold stock that was in the red at a loss of 14k.  The remaining balances I kept are on the green line

I still like the tech and the XRPL and the flare token make XRP a great token for the future in my opinion.

Edited December 26, 2020 by Julian_Williams

[Molten]

BTC did it again, broke above to establish new all time highs yesterday.  Seems to be in the middle of another impulsive move today.  This move could equal the size of the last impulsive move before the consolidation, so looking at a target of $28-$29k before another pause.  At some point, a correction will come (you would think).  BTC always surprises, to the upside and the downside, and I think we are witnessing an upside surprise.

Edited December 26, 2020 by Master_of_Brain

[xrp-nuke]

Sentiments are towards 30-32k 😱

[Molten]

4 minutes ago, xrp-nuke said:

Sentiments are towards 30-32k 😱

Move like we are in right now with BTC are inherently unpredictable; nobody knows.  Only thing I can pretty much guarantee is that this will end in a big correction.  The higher we go, the longer and harder the correction.

[Eric123]

1 minute ago, Master_of_Brain said:

Only thing I can pretty much guarantee is that this will end in a big correction.  The higher we go, the longer and harder the correction.

This is just the start of the bull market.  Eventually Bitcoin will probably correct down to $100k or $150k

[Greencandle]

Im still holding and im curious about the predictions you have what the price will do tomorrow and monday....

[captainjack]

@Eric123 do you think the alt market will explode soon?

[Neurotoxin]

BTC is at 26k, Jesus Christ. 

[Eric123]

3 minutes ago, captainjack said:

@Eric123 do you think the alt market will explode soon?

I think the alt market will move up but won't explode until after Bitcoin goes parabolic.

[xrp-nuke]

4 minutes ago, Eric123 said:

I think the alt market will move up but won't explode until after Bitcoin goes parabolic.

Apart tax reasons, this is other reason I still hold XRP, so now for me its hope and bet.

Edited December 26, 2020 by xrp-nuke

[Greencandle]

1 minute ago, xrp-nuke said:

Apart tax reasons, this is other reason I still hold XRP, so now for me its hope and bet.

Dont you think XRP will go down the upcoming days?

[Neurotoxin]

2 minutes ago, Greencandle said:

Dont you think XRP will go down the upcoming days?

It’s very likely that it will, but nobody knows for sure. 

[xrp-nuke]

1 minute ago, Greencandle said:

Dont you think XRP will go down the upcoming days?

🤣 I put it this way: I do not care until 1st of Jan e.g. new tax year. After I will have 365 days to bet on daily basis.

[2ndtimearound]

10 hours ago, xrp-nuke said:

 

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

For me, a profit is subject to capital gains tax if you hold it longer than a year.  If you hold it less than a year, it's supposed to be considered "trading".  It's all moot since I sold at a small loss (though not far below my DCA).