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Charting the course of XRP


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I had my finger on the buy button for BTC @ $9900... I might regret not clicking it.  Or I'll be rejoicing in about 20 minutes :dirol:

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3 minutes ago, Molten said:

@XRPto50dollars said it best in a recent post: confidence in the whole thing is down.  Right now, people don't feel good about XRP.  Look at the sentiment around you!  It's a ponzi, they're dumping it on us, it's going to 10 cents... it is everywhere.  The thing about that, though, is that you don't tend to make a lot of money when you buy something that everybody is ecstatic about.  They're ecstatic because the price already went up.  Does that mean that all things that have been beaten down in price are excellent investments?  Absolutely not - that's when you look at fundamentals.  Fundamentals here are pretty good, I think, and the future looks bright,  Will that translate into a higher XRP price?  I have no idea, but I am betting so.

Now, to your question of what needs to happen.  I think we are years away from utility-based price appreciation.  So, if we are to see any positive returns in the short term, it's likely going to be from speculation.  I think the most plausible scenario for this would be that BTC goes up.  It goes up, it eclipses its ATH and keeps going.  This will bring attention to the space.  And when people start to think maybe all the gains have been had in BTC, they start to look around... and they find XRP.  This is what happened in 2017 and I predict that it will happen again.  Right now, like it or not, we are inexorably tied to BTC and we should all be cheering it on.  Because without BTC to buoy XRP and the other alts, it'll be a long wait until utility kicks in for us.

Just my thoughts.

i agree, the next run will still be speculative based. and it is true, sentiment is terrible everywhere for xrp, but the fundamentals are stronger than ever. sentiment is based on price action. what will reverse this is the question, if not for good news/fundamentals. i guess the ONLY thing that will turn this ship around is for btc to hit $20k before people even get excited for xrp again, which will turn sentiment positive again.

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27 minutes ago, Molten said:

I'm sorry, I don't see much there.  Feel free to post a chart to elaborate.

Dude was worry more shorts means price gonna dump. Following this logic then many longs suggests price increase. If you take a look at April xrpbtclongs chart you'll see xrpbtclongs ATH which was followed by a dump from about 8000 sat to where we're now.

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Just now, CarloPonzi said:

Dude was worry more shorts means price gonna dump. Following this logic then many longs suggests price increase. If you take a look at April xrpbtclongs chart you'll see xrpbtclongs ATH which was followed by a dump from about 8000 sat to where we're now.

Ah I see, I was looking at XRPUSD, not XRPBTC.  Yes, exactly.  Usually when people start dumping their money into the expectation of one price movement, it goes the opposite way.

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Have an early day tomorrow, so last post for tonight.  While we're talking about BTC - if you zoom out a bit... we're fine. 

Hope everyone has a good night, let's all take a deep breath and see what tomorrow brings.

zToNvmiw

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i love reading old forums of btc from the early 2010's. 

Quote

people were willing to pay 10,000 btc for two pizzas. this was only 9 years ago. they were throwing around btc like it was nothing..because at the time, it was nothing.

that pizza, at the ATH last year was worth $200,000,000. thats 200 MILLION dollars. think about that.

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1 hour ago, XRPto50dollars said:

i love reading old forums of btc from the early 2010's. 

people were willing to pay 10,000 btc for two pizzas. this was only 9 years ago. they were throwing around btc like it was nothing..because at the time, it was nothing.

that pizza, at the ATH last year was worth $200,000,000. thats 200 MILLION dollars. think about that.

Love these. Please feel free to continue sharing 

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@MoltenThank You for starting this thread and taking the time to show us your thoughts. Please keep them coming!!!! It’s always good to hear opinions of others with this crazy market. I am trying to learn to be better at TA and love the knowledge that you are providing us and I 100% agree with everything you have shown us so far. Thank You!!!!

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As bad as this feels,  I’m still predicting utility effect this year.  

I understand why others do not,  but my belief is based on what we’ve heard from the early adopters about new corridors coming etc.

Also although he has copped flak for it,  I don’t think Brad would have said dozens of banks in 2019 unless he knew of a lot of nascent plans soon to be revealed.  Even if most are delayed,  that should still see some coming online this year.  Add in Moneygram expecting 4th quarter results from XRapid usage to affect bottom line...   a possible VISA/Moneygram link and I think things are going to heat up soon.  UK and France getting regulatory clarity...  lots of stuff happening.

All those guys we get excited about and then forget are not just sitting on their hands...   there’s many a team actively working towards big utility.   Remember Santander, SBI, American Express...   and plenty of others...   they didn’t just say ‘ah let’s forget it...’.  The fact that we haven’t seen it rise above the waterline yet doesn’t mean it isn’t there and being made ready.

I’ve been optimistic and wrong before,  but this all can turn on a dime and then add in a dash of fomo...   I’m still betting on 2019.

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