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Charting the course of XRP


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6 hours ago, Ripley said:

one temporary risk - a broad crash

Given the demographics of soon-to-be retires and given their exposure to the stock market, the insanely impossible return targets of certain (many) state pension funds, the unfunded liabilities, the Fed has but no other choice than to hold the line and do "whatever it takes" to keep the market propped up. Contrary to highlevel-youtube-popstar-economic views, the dollar is not doomed, given the ~$60tr offshore USD demand in the form of USD loans issued by non US entities ("Eurodollars"). Purchasing power will go down, DXY might fluctuate a bit, but USD will still be around for a while and "Stonks" will keep on going up nominally. Don't ever price the S&P500 or the median purchase price of a house in working hours or in BTC, you will get the true picture and "ugly" doesn't even get close to describing it.

 

TLDR: you're right, this is not really a risk.

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

There are actually several lawyers in the crypto space who have analysed the case extremely closely explaining how the case will likely play out. Given that these lawyers are either BTC or ETH maxis a

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.

48 minutes ago, Mushroomsforlife said:

Selling on dips or peaks, it doesn’t matter to me and feels great to actually make bank from this magic internet money. 

Thanks for your story, it shows how there are different types with different perspectives here.

I am soon to retire anyway, so this bull run should give me the extra that I need to do more than just potter around the Garden each day. That’s all I need.

I understand that younger folks might want to ride the market all the way to the top, gambling that they “time it right” and don’t over shoot like some did previously. But I don’t blame them for that, as they have many years left to try again if they miss the opportunity this time.

 

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Just now, WarChest said:

Whatever it takes? They are running out of whatevers surely?

Well, Covid was last year, infrastructure bill is next, then you have "save the planet" by printing money into "green XYZ", because we all know, that CTRL+P lowers the carbon footprint. After that there's equality, then there are racial issues that need to be addressed and yes, this can all be fixed by printing money.

Oh, I forgot UBI/MMT.

So... we've got narratives for the next decade, no worries.

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43 minutes ago, WarChest said:

Thanks for your story, it shows how there are different types with different perspectives here.

I am soon to retire anyway, so this bull run should give me the extra that I need to do more than just potter around the Garden each day. That’s all I need.

I understand that younger folks might want to ride the market all the way to the top, gambling that they “time it right” and don’t over shoot like some did previously. But I don’t blame them for that, as they have many years left to try again if they miss the opportunity this time.

 

Yeah, now you can retire plus get all those cool gadgets that might have been prohibitive before, like that very nice mirorless camera you saw online so you can take pictures of your flowers and peppers or whatever it is you’re growing, and also take it with you to Puerto Rico and we can swap glass while I show you the yummiest places to eat at and you can enjoy the view of the hottest women in the planet.  :)
 

Really, PuertoRican women are hot as hell, right up there with the Russians that look like Mila Kunis and Yulia Volkova (before she ruined her face with surgeries). 
 

Went a little off topic there, sorry. If anyone wants to visit the island though, don’t hesitate to ask about places to go for whatever it is you wanna do. 

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8 hours 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.

🥱🥱 another pillock, blocked

bye War bore 🤪

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4 hours ago, Nat99 said:

Given the demographics of soon-to-be retires and given their exposure to the stock market, the insanely impossible return targets of certain (many) state pension funds, the unfunded liabilities, the Fed has but no other choice than to hold the line and do "whatever it takes" to keep the market propped up. Contrary to highlevel-youtube-popstar-economic views, the dollar is not doomed, given the ~$60tr offshore USD demand in the form of USD loans issued by non US entities ("Eurodollars"). Purchasing power will go down, DXY might fluctuate a bit, but USD will still be around for a while and "Stonks" will keep on going up nominally. Don't ever price the S&P500 or the median purchase price of a house in working hours or in BTC, you will get the true picture and "ugly" doesn't even get close to describing it.

 

TLDR: you're right, this is not really a risk.

Refreshing to see someone who understands the economy a bit :)

Dollar’s getting depreciated but so are all other major currencies, so it’s still king. We do have right-tail risk as you’ve alluded to.
 

I suspect we may see the government control prices that they can to ensure essentials like food continue to be affordable, though. There’ll be a revolution otherwise. 

The next decade is going to be formative - economically, politically, new asset classes and new age wealth powered by crypto, new working conditions (remote and working from home being the norm) which provides access to the global workforce in white collar industries, move towards electrification of vehicles, counteracting global warming and the industrial growth that comes out of that, space travel/tourism... I cannot wait to see how things turn out.

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Afternoon all, so the sun is shining and we are still above $1, happy days. 
Off out to play in the garden and enjoy the fresh air. Hope you all get to go out and enjoy the outdoors also, try not to spend your weekends following charts or arguing on a forum. 
Stay safe and enjoy life, this will all go up hopefully one day soon enough 😎👌

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1 hour ago, Ripley said:

Refreshing to see someone who understands the economy a bit :)

Dollar’s getting depreciated but so are all other major currencies, so it’s still king. We do have right-tail risk as you’ve alluded to.
 

I suspect we may see the government control prices that they can to ensure essentials like food continue to be affordable, though. There’ll be a revolution otherwise. 

The next decade is going to be formative - economically, politically, new asset classes and new age wealth powered by crypto, new working conditions (remote and working from home being the norm) which provides access to the global workforce in white collar industries, move towards electrification of vehicles, counteracting global warming and the industrial growth that comes out of that, space travel/tourism... I cannot wait to see how things turn out.

LOL, you believe that propaganda shit?

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19 minutes ago, Seoulite said:

About to go to bed but BTC needs to bounce again at 60. If it falls hard it will probably drag everything with it. Luckily though xrpbtc is looking strong again, but it was looking strong last until btc fell fast, then it fell too.

I just hope that btc can give up and drop to where it should be, this up and down gradually becomes unbearable. It seems like it will never end. Whether xrp will go up, stay here or drop like a stone, I just want to know. 

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