Epic Pennant on BTC Chart

[xrp-nuke]

2 minutes ago, solid102 said:

My line of thought is whoever feared for the status of XRP have already sold during the SEC dump I doubt anyone remaining holding would matter to them at this point whether an exchange delists or suspends.

Yeah pure market manipulation... even BTC maxis not that loud as they were 4 days ago

[Crypto1]

16 minutes ago, Eric123 said:

@lucid99 I'm not in denial.  I see the situation for what it is.  Christ,  Coinbase just said it would suspend trading and XRP is still no lower than it was on November 12th!!

Thats entirely correct. XRP is holding up quite well compared to where it was historically. However, it's reasonable to think other exchanges may follow the footsteps of Coinbase and halt trading as well, which will lead to further downward pressure on the price.... and no one knows how low it can go if that happens. I think at this point one has to hope for other major exchanges to deviate from Coinbase's decision and continue to let the market decide XRP's value as the SEC lawsuit takes place. I think it's ridiculous the SEC is forcing exchanges to delist XRP. For example, when the SEC was investigating Elon Musk they didn't halt the trading of Tesla... its absolutely ridiculous and anti-free market.

Edited December 29, 2020 by Crypto1

[captainjack]

20 minutes ago, Babelly said:

those are my thoughts, especially because i'm located in the US.  Unfortunately, i've had my head in the sand the last 3 years so haven't being following any projects on a daily basis like I did for XRP.  Any suggestions?  Thanks in advance.

One popular utility coin I have high hopes for is casinocoin

[Troote]

32 minutes ago, Eric123 said:

 XRP is still no lower than it was on November 12th!!

Well, aaaaactually, about that...

[Julian_Williams]

34 minutes ago, Plikk said:

The risk of missing the alt bullrun of '21 is increasing with every bit of bad news. I wish XRP the best, but for now it just doesn't look it is going to turn around anytime soon. I'd rather have my money in other promising alts right now, at least until SEC stuff get's resolved.

With this market you never know, so XRP could still bounce and fire upwards, but then it's not due to fundamentals, but purely wicked market mechanics of crypto. Anyhow, good luck to everyone!

These catastrophes are played by the whales.  They are attracted by them.  They will only come in after they feel capitulation has happened, and just now it feels like a lot of long term holders who have not capitulated for three years have had enough and are throwing their stakes on the fire.  Quite easy for us to see .19 or lower before it over.   

There will be a bottom, it might already be in, it might be in a weeks time.  After the bottom there will be big buyer hovering up the mess with big smiles on their faces. 

There are possible white swans -

• The new SEC chairman bringing the two parties together and thrashing out an endgame? 
• SBI coming in to reorganise Ripple who obviously cannot manage themselves?
• Whales arriving and fighting to buy XRP at such low prices before a bullrun they know they can induce

Everyone has there own decisions to make, and their own contexts.  Not knowing your plan is probably the worst state of affairs and will do your health in.  Decide how you will play this, vocalise your plan out loud and then when you feel it is the right plan for you commit.  

Commit to stare our the waiting whales?

Commit to selling and diversifying?

Commit to saying good bye to crypto forever and the dreams you had?  (but you still will have your flare tokens as a souvenir that will one day be your pension fund)

Whatever your commitment your life will go on with many pleasures and may hardships. 

A few nights ago I committed.  I threw out 45% at ,31 a few days ago and put it on other crypto as an insurance, but now I am not going to sell any more because I made my plan and I feel committed.  I am not going to lose any sleep over tonight's mayhem because however shattered my position, I was already committed.

[Crypto1]

3 minutes ago, Julian_Williams said:

These catastrophes are played by the whales.  They are attracted by them.  They will only come in after they feel capitulation has happened, and just now it feels like a lot of long term holders who have not capitulated for three years have had enough and are throwing their stakes on the fire.  Quite easy for us to see .19 or lower before it over.   

There will be a bottom, it might already be in, it might be in a weeks time.  After the bottom there will be big buyer hovering up the mess with big smiles on their faces. 

There are possible white swans -

• The new SEC chairman bringing the two parties together and thrashing out an endgame? 
• SBI coming in to reorganise Ripple who obviously cannot manage themselves?
• Whales arriving and fighting to buy XRP at such low prices before a bullrun they know they can induce

Everyone has there own decisions to make, and their own contexts.  Not knowing your plan is probably the worst state of affairs and will do your health in.  Decide how you will play this, vocalise your plan out loud and then when you feel it is the right plan for you commit.  

Commit to stare our the waiting whales?

Commit to selling and diversifying?

Commit to saying good bye to crypto forever and the dreams you had?  (but you still will have your flare tokens as a souvenir that will one day be your pension fund)

Whatever your commitment your life will go on with many pleasures and may hardships. 

A few nights ago I committed.  I threw out 45% at ,31 a few days ago and put it on other crypto as an insurance, but now I am not going to sell any more because I made my plan and I feel committed.  I am not going to lose any sleep over tonight's mayhem because however shattered my position, I was already committed.

You could be totally spot on with your white swan events. One question though, where would whales be buying XRP if you can't trade it on exchanges?

Edited December 29, 2020 by Crypto1

[Troote]

2 minutes ago, Crypto1 said:

You could be totally spot on with your white swan events. One question though, where would whales be buying XRP if you can't trade it on exchanges?

There is no reason to believe XRP will not be tradeable outside the US.

[Julian_Williams]

15 minutes ago, Crypto1 said:

You could be totally spot on with your white swan events. One question though, where would whales be buying XRP if you can't trade it on exchanges?

There are plenty of exchanges outside the US

[Babelly]

44 minutes ago, captainjack said:

One popular utility coin I have high hopes for is casinocoin

me personally is ALVO, or whatever it was called

 

[Hopium]

Coinbase suspend xrp so what? It is not available in my country to begin with, as much as i want to use it because of the perceived Safest exchange. 

Yup this is already expected, coinbase was reluctant to touch xrp back then, then suddenly enthusiastic about it and preaching its use case on its site, then now suspend, partly could be due to incoming IPO to not risk anything despite being able to hold security. 

Whether this all really is a show or not, once committed I won't budge, if this is a ride to zero then so be it, no one is going to shake me out and deny my chances of life changing gains one day. They can try all the tricks in the world and I'll still be holding. 

Just revisit my hodl framework if you're in doubt, basically if you're not in need of the money to feed your basic needs and able to live on with absolutely no issue with or without the money, then just ride it out. 

[HPNASTPN2BRKNNS]

7 hours ago, Eric123 said:

Totally expect Bitcoin to go much, much higher but as a percentage gain I expect XRP to outperform Bitcoin, especially from here.    My price targets are no secret.  I was calling for Bitcoin to go to $400k for a few years now.  XRP I expect to break $10 at least and maybe go to $20.   

If XRP gets to $10 that would be a 35x move.

For Bitcoin to move 35x from here it would be close to $1million well $945,000.

I'm surprised you're not asking why I don't put everything into XRP.  (I'm more confident in Bitcoin than XRP and always have been.  Also I don't want to sell any crypto till I cash out, but I don't want to miss out on XRP's move either)

But if I had spare cash, which I don't, I'd be buying XRP.  The last purchase I made of Bitcoin which I announced on this board was at like $3k-$4k.  As a rule I buy when coins are down, not when they are making new all time highs, so I have no plans to buy Bitcoin anytime soon.  If I every buy more Bitcoin it will probably be in 2022 or 2023 which should put us a the bottom of the cycle.  

What's your BTC to ETH holding ratio? 

[Hopium]

If anything, when xrp turnaround but exchanges didn't manage to reopen service to buyers in time, then US people is guaranteed to be priced out when it reversed hard, being a US person now need to think twice how you'll want to manage the final battle of xrp

Guess you can position yourself now before reversal, but 1 thing though, how you going to transfer and cash out if exchanges are not servicing?

[Guest]

52 minutes ago, Hopium said:

If anything, when xrp turnaround but exchanges didn't manage to reopen service to buyers in time, then US people is guaranteed to be priced out when it reversed hard, being a US person now need to think twice how you'll want to manage the final battle of xrp

Guess you can position yourself now before reversal, but 1 thing though, how you going to transfer and cash out if exchanges are not servicing?

Kraken Exchange won't delist. Once the dust settles, that's probably the best place to cash out if coinbase is out of the picture 

[Eric123]

3 hours ago, Crypto1 said:

I think at this point one has to hope for other major exchanges to deviate from Coinbase's decision and continue to let the market decide XRP's value as the SEC lawsuit takes place. I think it's ridiculous the SEC is forcing exchanges to delist XRP.

From what I can tell the SEC isn't forcing anyone to Delist XRP  - However the problem is that Crypto Exchanges are not licensed to sell securities and if XRP is found to be a security the exchanges will be in trouble I guess beginning now?  What about all the previous XRP trades on Coinbase? are those forgiven?  they  seem to be making up things as the go.

2 hours ago, Troote said:

There is no reason to believe XRP will not be tradeable outside the US.

I am under the assumption that even if the SEC wins (unlikely) and XRP is determined to be a security it will 100% be trade-able everywhere in the world outside of the US.

1 hour ago, HPNASTPN2BRKNNS said:

What's your BTC to ETH holding ratio? 

BTC is my largest position.  I own almost no ETH.  I sold most of my ETH at $9 and transferred it into Bitcoin, it's gone up but it was not a good move. 

[Neurotoxin]

30 minutes ago, Cambridge said:

Kraken Exchange won't delist. Once the dust settles, that's probably the best place to cash out if coinbase is out of the picture 

And US citizens will be able to trade XRP there? That’s what’s worrisome. I’m not in the USA but I am bound by their laws because our island is their protectorate.