BillyOckham Posted October 26, 2021 Share Posted October 26, 2021 8 hours ago, xrp-nuke said: One thing special though, amount of influx between going to 25k and 250k is significqntly different. Not necessarily. This seems to be a widely held belief, but I don’t think it’s correct. There is not a linear (or even near-linear) relation between price rise and volume. They are often concurrent, and it’s more reliable to trust a price achieved through high volume, but it’s not always so. If Bitcoin was a solid indivisible coin then you’d be correct, but it isn’t. So fiat influx is always much less than the market cap rise and yet…. the price has risen. I suspect you and others that think like this expect that the market cap represents the amount of dollars in the coin. It doesn’t by orders of magnitude. Chookstar 1 Link to comment Share on other sites More sharing options...
MQB Posted October 26, 2021 Share Posted October 26, 2021 The cash flow is probably 1/50-1/20 of what the market cap says. There is not really much fiat in the market right now. Remember this. I wouldn't be surprised that the MC hits 100 trillion some day. Even so, there is not that cash in play as you'd think. In other words, the price rising potential is enormous. RipMcGillicuddy 1 Link to comment Share on other sites More sharing options...
Eric123 Posted October 26, 2021 Author Share Posted October 26, 2021 Hashrate has been rising will looks like it is headed for an all time high. https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m xrp-pat, Chookstar, Baka and 2 others 5 Link to comment Share on other sites More sharing options...
MQB Posted October 26, 2021 Share Posted October 26, 2021 OMG is treading so tight. After BTC stabilizes, OMG goes crazy again? Eric123 1 Link to comment Share on other sites More sharing options...
Eric123 Posted October 27, 2021 Author Share Posted October 27, 2021 Bitcoin is looking for support since hitting it's All Time High last week. . Muellhart, Rippley, Chookstar and 1 other 1 3 Link to comment Share on other sites More sharing options...
Eric123 Posted October 28, 2021 Author Share Posted October 28, 2021 Bitcoin is just about at the down trend line now, looking to break through. MACD looks like it is starting to turn. Shiba Inu (which I don't own) appears to be losing some steam. Congrats if you owned this at the beginning of the year it went up over 88 million percent. My opinion - it won't last. But what do I know I missed out on the run dtpace, xrp-pat and Milly238 3 Link to comment Share on other sites More sharing options...
MQB Posted October 28, 2021 Share Posted October 28, 2021 (edited) What's going on here? Whales trying to grab more coins before going up to 70k? Violent swinging right now. Edited October 28, 2021 by MQB Milly238 1 Link to comment Share on other sites More sharing options...
Neurotoxin Posted October 29, 2021 Share Posted October 29, 2021 9 hours ago, MQB said: What's going on here? Whales trying to grab more coins before going up to 70k? Violent swinging right now. It does look like someone was fishing for stop losses. Link to comment Share on other sites More sharing options...
Eric123 Posted October 29, 2021 Author Share Posted October 29, 2021 Bitcoin continues to hang around $61k. XRP chart is starting to look interesting. Benaoao20, Baka, dtpace and 4 others 7 Link to comment Share on other sites More sharing options...
billion Posted October 29, 2021 Share Posted October 29, 2021 45 minutes ago, Eric123 said: Bitcoin continues to hang around $61k. XRP chart is starting to look interesting. Think we're still on track for $20+ or there abouts? Chookstar 1 Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2021 Share Posted October 29, 2021 6 minutes ago, billion said: Think we're still on track for $20+ or there abouts? An year ago, I would have said $20 is unrealistic. But given the frenzy with Shibu and others, I think $20 or may be even $50 is definitely possible. However, my thinking is that it will be an year or two after the lawsuit is cleared up + Flare goes live before we hit that. My hope is that we see ~$4.5 in the next couple of months. After that it is hard to say because there are several macro factors including changing tax laws (which will reduce volatility in crypto IMO), impending tapering and/or high interest rates, unclear view on how/if inflation will be acknowledged and the impact it has on crypto, etc. Also, Q4 results are likely to be bad given supply constraints. I don't know how this going to impact crypto, but it will. Link to comment Share on other sites More sharing options...
xrp-nuke Posted October 29, 2021 Share Posted October 29, 2021 22 minutes ago, billion said: Think we're still on track for $20+ or there abouts? To the mooooooon!!! Link to comment Share on other sites More sharing options...
Eric123 Posted October 29, 2021 Author Share Posted October 29, 2021 18 minutes ago, billion said: Think we're still on track for $20+ or there abouts? Not sure of the timing. Obviously XRP will get a bump when the lawsuit is completed. 14 minutes ago, Ripley said: An year ago, I would have said $20 is unrealistic. But given the frenzy with Shibu and others, I think $20 or may be even $50 is definitely possible. BTC and XRP have already gone 3x above their 2017/2018 high given those moves XRP should already be $11. (3x the 2018 high of $3.70). And the run isn't over. I think achieving $20 in this cycle is a given. I don't know where it peaks $30-$50 looks possible, but crypto always surprises. dtpace, billion, Moonraker and 1 other 1 2 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted October 29, 2021 Share Posted October 29, 2021 55 minutes ago, Eric123 said: BTC and XRP have already gone 3x above their 2017/2018 high given those moves XRP should already be $11. (3x the 2018 high of $3.70). And the run isn't over. I think achieving $20 in this cycle is a given. I don't know where it peaks $30-$50 looks possible, but crypto always surprises. Yeah, but in contrast to BTC and ETH* XRP went x4 down from its april ATH and still x3 below 2018th ATH. There are a lot events thar broke XRP ptice towards 10-20$ lets not forget that. Link to comment Share on other sites More sharing options...
Popular Post Eric123 Posted October 31, 2021 Author Popular Post Share Posted October 31, 2021 Bitcoin is still hanging around $60-61k. A close above $61,500 breaks the down trend line. The XRP chart usually tells me nothing, but now it is telling me that XRP is getting ready to make gains. If you don't have a position and are looking to get into XRP, any price below 1.05 looks good to me, . If you're comfortable with your position but are maybe considering more, you might want to put in an order at .98, you might get lucky and be able to pick some up but I'm not confident the price will drop below $1 again. Looks like the window to pick up cheap XRP is closing, Finally. My XRP bags have been full for a while now. Just waiting. billion, VegitaXRP, DannyRipple and 8 others 6 5 Link to comment Share on other sites More sharing options...
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