Jump to content

Charting the course of XRP


Recommended Posts

6 minutes ago, War said:

I will never understand people like this guy who make plans ahead of time at which price they intend to sell, instead of just looking at how far into the market cycle you are. If you're nearing the end of the bullmarket then look into selling, if you're barely halfway in then don't sell. It's not exactly rocket science.

His plans seem pretty flexible to me.  Take out some money when it reaches a new ATH and then more at intervals when he feels it is right (IE when he feels the bubble has expanded to a level where it might unexpectedly burst)

Link to post
Share on other sites
  • Replies 16.6k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

I was participating undercover :).  The trolls became too overwhelming while XRP was in the dumps, I figure its safe to come out again.

These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.

Happy Monthly candle close everyone!  XRPBTC closed above 2555 which was my bullish level. This is a great sign. I think it is now reasonable to expect the next monthly candle to be either a 50% i

4 minutes ago, Julian_Williams said:

If you are putting some money down for your children's university education/ your [pensions in 10 years time - put it in a basket of digital currencies that have utility (definitely not in Doge coin)

Absolutely. I agreed with Brad a few years ago when he said the majority of projects will disappear. But I think the big names will be around for a while. And yeah, at some point utility will become an important factor, just not yet.

Link to post
Share on other sites
14 minutes ago, RipMcGillicuddy said:

Are you kidding? Get rekt then. 

Now that you mention it, buying low and selling high is indeed pretty dumb. Ill take my advice from you and buy/sell every 10 seconds like the porn addicts that seem to frequent these boards.

11 minutes ago, Seoulite said:

Having predetermined profit targets is basic trading. Having a plan beforehand is useful for when you get the high prices; it keeps your head screwed on while there are looney tunes dollar-signs spinning in your eyes.

Not to me it isn't. The price of an altcoin isn't an indicator of any kind when it comes to analyzing market cycles. There's much better indicators for that.

  

12 minutes ago, princesultan said:

Sounds like just about the worst strategy possible. Good luck with that. 

Thanks for the tip friend. Considering that my investments have been my only source of income for a long time now, I should probably look into ditching the strategies that I've been employing all this time and adopt something else, just because you said so.

Edited by War
Link to post
Share on other sites

@Seoulite, I agree with you on the core points:

  • $1 may well be the new floor
  • A favourable outcome for Ripple is very important for short term price support. Because the case isn’t just about Ripple. It’s about all XRP holders and crypto in general.
  • Best to temper expectations on price even if Ripple has the lawsuit go its way.

That said, I see a favourable outcome to be significantly more bullish. I’m talking about market disrupting bullish. Several things will happen in the next couple of years.

  • Flare as you pointed out. This is a very big deal. It introduces DeFi to XRP and XRP to DeFi. It changes liquidity dynamics significantly.
  • Jed’s sales will be done sometime this year. It’s a big psychological thing.
  • Hedge Funds will start to get exposure. They don’t have an option.
  • XRP is fully compliant with AML laws. Has been used with numerous banks across the world. They have a huge first to the market advantage. What other companies come close ?
  • Ripple will go IPO as soon as they can - possibly in 2022s
  • There will be US based customers ready to move to ODL now that there’s regulatory clarity (after the lawsuit)
  • Wallets like Xumm suddenly become a lot more useful because they’d be able to use Fiat bridges across the world. Complex workflows, Interledger etc will start making a dent.

I am quite convinced that XRP will unlink from the rest of the market. Eventually, XLM and other payments-oriented networks will get better and add to the competition. Facebook’s Diem project will move into consumer payments space too. Don’t underestimate Zuckerberg.

There is one temporary risk - a broad crash in the equity markets may or may not reflect into crypto. Even if it does though, it’ll be temporary, relatively speaking.

 

Link to post
Share on other sites
15 minutes ago, War said:

Now that you mention it, buying low and selling high is indeed pretty dumb. Ill take my advice from you and buy/sell every 10 seconds like the porn addicts that seem to frequent these boards.

Not to me it isn't. The price of an altcoin isn't an indicator of any kind when it comes to analyzing market cycles. There's much better indicators for that.

  

Thanks for the tip friend. Considering that my investments have been my only source of income for a long time now, I should probably look into ditching the strategies that I've been employing all this time and adopt something else, just because you said so.

I know you think you’ll always succeed with your approach but please take the advice you’re being offered here. Anyone can make money in a bull market. I don’t have much more to offer but my best wishes and what I’m sure are hard earned lessons from others and from me.

Link to post
Share on other sites
2 minutes ago, Ripley said:

I know you think you’ll always succeed with your approach but please take the advice you’re being offered here. Anyone can make money in a bull market. I don’t have much more to offer but my best wishes and what I’m sure are hard earned lessons from others and from me.

Sure, I'll do that, just the second I figure out what advice that is exactly. As far as I can tell the posters who replied to me seem to suggest that they pull a random number out of their ass and sell at that point regardless of the circumstances. So what's a good selling point then? .30? .50? $1? $3? $5? $10, $5000? Literally all of these mentioned prices are absolutely random numbers if you don't consider market cycles and altcoin prices aren't used to analyze how far in a market cycle you are. Even volume is better for that purpose. Either way, you don't have to worry about me since I bought my XRP at $0.14  and as such I am up 11x at the current prices. I know that long term trading seems to offend some of the people on this board but so be it.

Link to post
Share on other sites
39 minutes ago, Ripley said:

@Seoulite, I agree with you on the core points:

  • $1 may well be the new floor
  • A favourable outcome for Ripple is very important for short term price support. Because the case isn’t just about Ripple. It’s about all XRP holders and crypto in general.
  • Best to temper expectations on price even if Ripple has the lawsuit go its way.

That said, I see a favourable outcome to be significantly more bullish. I’m talking about market disrupting bullish. Several things will happen in the next couple of years.

  • Flare as you pointed out. This is a very big deal. It introduces DeFi to XRP and XRP to DeFi. It changes liquidity dynamics significantly.
  • Jed’s sales will be done sometime this year. It’s a big psychological thing.
  • Hedge Funds will start to get exposure. They don’t have an option.
  • XRP is fully compliant with AML laws. Has been used with numerous banks across the world. They have a huge first to the market advantage. What other companies come close ?
  • Ripple will go IPO as soon as they can - possibly in 2022s
  • There will be US based customers ready to move to ODL now that there’s regulatory clarity (after the lawsuit)
  • Wallets like Xumm suddenly become a lot more useful because they’d be able to use Fiat bridges across the world. Complex workflows, Interledger etc will start making a dent.

I am quite convinced that XRP will unlink from the rest of the market. Eventually, XLM and other payments-oriented networks will get better and add to the competition. Facebook’s Diem project will move into consumer payments space too. Don’t underestimate Zuckerberg.

There is one temporary risk - a broad crash in the equity markets may or may not reflect into crypto. Even if it does though, it’ll be temporary, relatively speaking.

 

Looks like a Hodor post

Link to post
Share on other sites
2 hours ago, War said:

I will never understand people like this guy who make plans ahead of time at which price they intend to sell, instead of just looking at how far into the market cycle you are. If you're nearing the end of the bullmarket then look into selling, if you're barely halfway in then don't sell. It's not exactly rocket science.

Very sensible, I don't understand the hate. Hindsight is of course always 20/20 and the trends that happened in the past cycles won't necessarily happen now. But certainly something to at least be aware of.

Link to post
Share on other sites
2 hours ago, mrhat75 said:

Very sensible, I don't understand the hate. Hindsight is of course always 20/20 and the trends that happened in the past cycles won't necessarily happen now. But certainly something to at least be aware of.

Maybe the hate is due to his crap attitude, I mean did he quote someone then talk about him like he wasn't in the room "like this guy" ?. I only see it cause you quoted it - I put him on ignore list after his 3 post. This thread is a labor to get through since these weird accounts showed up a week ago.  

Link to post
Share on other sites
4 hours ago, War said:

Sure, I'll do that, just the second I figure out what advice that is exactly. As far as I can tell the posters who replied to me seem to suggest that they pull a random number out of their ass and sell at that point regardless of the circumstances. So what's a good selling point then? .30? .50? $1? $3? $5? $10, $5000? Literally all of these mentioned prices are absolutely random numbers if you don't consider market cycles and altcoin prices aren't used to analyze how far in a market cycle you are. Even volume is better for that purpose. Either way, you don't have to worry about me since I bought my XRP at $0.14  and as such I am up 11x at the current prices. I know that long term trading seems to offend some of the people on this board but so be it.

I’m with you on having long term investment strategy. At the same time, there is no need to look down on those trying to book profits along the way. Crypto is in its infancy and is heavily manipulated.

When the market is insanely volatile, a sane approach could certainly be getting out when they hit a target - wherever in the “cycle” we are in. You’re trying to apply logic that’s intended for mature markets.

By the way, did you know that the bond market has been in a bear cycle for 30 to 40 years ? Or that gold really didn’t go up by much since the 70s ? They used to be cyclical with equities until then. Cycles work until they don’t. There are a number of macro factors that can impact how an asset class performs. Some we may have visibility to, and some we may not. 

When someone’s suggesting they will sell at a certain random price target, you may be right that it is irrespective of market circumstances and so is suboptimal. But it may be based on their personal financial circumstances. And expecting markets to behave rationally and therefore that there is an “optimal” strategy is just as suboptimal.

You’ve got great gains. Congratulations. So do a lot of others on this forum. 

Link to post
Share on other sites

Hi all long term hodler popping back in to see what the fuss is all about....

To those speculating, I can confirm it really hurt watching my holdings go into the high six figures back in 2017/18, and not doing a thing about it. Greed, blind hope and hodl mentality are my biggest regrets of that era.
 

To know you stared a life-changing amount of money in they eye, and waited for more was pure greed on my part. I regret not banking gains on the last bull market every single day, often multiple times!

My father couldn’t fathom why I didn’t sell in 2018. He worked everyday of his life and his savings were less....

...no worries, I lived a happy life and will continue to do so, but one thing is for sure;

yes, I believe new ATH is in the post. But even if it hits $10 next week; will it buy me back the time I have waited for this? No, nothing will. That’s why I implore anyone with significant gains, and things to pay for, and a life to be lived, to do exactly that ASAP!
 

I started selling 1/3 of my holdings over $1.60. Selling on dips or peaks, it doesn’t matter to me and feels great to actually make bank from this magic internet money. 

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.