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Epic Pennant on BTC Chart


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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.

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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.

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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 

10 28 2021.png

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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.

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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.  

 

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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.

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