Charting the course of XRP

[RussianStandards 145]

This is just getting too silly. .42 already, when will this pullback come

[Hopium 801]

Just now, RussianStandards said:

This is just getting too silly. .42 already, when will this pullback come

Pullback is not coming, 50c is coming. 

[RussianStandards 145]

Just now, Hopium said:

Pullback is not coming, 50c is coming. 

Hope you right sir

[Gambaard 133]

At what level is the next resistance? I dont do TA, but 0.45 seems like a support/resistance line in 2018/2019

 

Edited November 21, 2020 by Gambaard

[Gambaard 133]

7 minutes ago, RussianStandards said:

This is just getting too silly. .42 already, when will this pullback come

6 minutes later we break the .43 :')

Edited November 21, 2020 by Gambaard

[Trentsteel 1,025]

Well after seeing it rise 100% in a day , I suppose anything’s possible 😂😂

[Hopium 801]

Was in red 20% all these while, this 1 fecking day erased all my losses and put me in green. Pamp it. 

[LetHerRip 1,208]

10 minutes ago, Hopium said:

Pullback is not coming, 50c is coming. 

at 50c ill take 2 doses of your strongest house supply and ill ride this one of with you guys

[retep 644]

7 minutes ago, Trentsteel said:

Well after seeing it rise 100% in a day , I suppose anything’s possible 😂😂

from +-30 to +-40 is just 33%, so you have to wait for 60 cents, so 2 more days at this rate. 

Dammit, i'm starting to become positive! Hello Hopium, did you put some of your sh*t in my coffee this morning? 

Edited November 21, 2020 by retep

[Master_of_Brain 953]

1 minute ago, retep said:

from +-30 to +-40 is just 33%, so you have to wait for 60 cents, so 2 more days at this rate. 

If anything can do it, XRP can.

[Trentsteel 1,025]

5 minutes ago, retep said:

from +-30 to +-40 is just 33%, so you have to wait for 60 cents, so 2 more days at this rate. 

Dammit, i'm starting to become positive! Hello Hopium, did you put some of your sh*t in my coffee this morning? 

I said I’ve watched it do 100% in a day. not expecting it to happen again

[retep 644]

2 minutes ago, Trentsteel said:

I said I’ve watched it do 100% in a day. not expecting it to happen again

so you mean not today but somewere in the past. Well that was a long time ago alright.

[Gamblord 141]

16 hours ago, Julian_Williams said:

Bitcoin is too slow, it is old tech and it is very expensive.  Also it is very expensive on energy.  It has established this position as a store of value, and it seems it really is ploughing out a role for itself in this space.   I think it will go to 100k but I only touched it once with a  200$ fling and sold at the ATH, because in the end to my mind it is a Ponzi scheme. It has no utility value and its value is underpinned with nothing more than a fake reputation.

What will bring reality crashing in?  Other crypto gaining reputations as stores of value too, this will create a choice, and the choice will act like natural selection on a creatures and plants that lack the advantages of the more recently evolved creatures around them.  This culling of BTC is not going to happen anytime soon, and BTC will be king for many more years. 

I fell for these exact talking points too. So did my medical doctor friend who has higher IQ than most of the general population.

A lot of what you said is true. bitcoin is old tech, it is expensive in energy, it is too slow/doesn't scale etc. Yet the market reality is still saying it is #1 despite the 5000+ new cryptocurrencies coming out after it.

Here are my reasons:

- it has the most transparent, decentralized and honest monetary policy. Contrasted with the central bank. Contrasted with XRP where you have to trust Ripple or their smart contract to stick to their policyand hope they don't don't dump 1b XRP on you every month. 

- humans value things they work for. If you can brrrr money into existence with 0 input then it is abundant and not scarce.

-Economics determined by scarcity, not utility. The most valuable thing around you is the air you breath yet it is free because of how abundant it is. BTC is valuable because of scarcity (you can't print it) and network effect it has, same with XRP.

-where XRP fails/succeeds in the mind of crypto community is the monetary policy. You have to trust Ripple. They can make or break you by buying back their XRP, making it scarce, or dumping it on you, in perpetuity. The fact that Ripple is the biggest bag holder is good and bad. It's bad because they dump on the market and hurt the price but because they are the biggest bag holder they have a strong incentive to keep the price high and they have shown the most aggressive marketing strategies. They can innovate as a company, Bitcoin cannot since it doesn't have such a bag holder willing to contribute.

The price has already hit 40¢. This is encouraging but I'll be watching whether it can break through 60¢ which has been the titanium resistance.

Edited November 21, 2020 by Gamblord

[Trentsteel 1,025]

7 minutes ago, retep said:

so you mean not today but somewere in the past. Well that was a long time ago alright.

2018, 👍
touched 100% for the day and the sell off ensued leaving it around 50% gains when the dust settled 

Edited November 21, 2020 by Trentsteel

[Master_of_Brain 953]

1 minute ago, Gamblord said:

I fell for these exact talking points too. So did my medical doctor friend who has higher IQ than most of the general population.

A lot of what you said is true. bitcoin is old tech, it is expensive in energy, it is too slow/doesn't scale etc. Yet the market reality is still saying it is #1 despite the 5000+ new cryptocurrencies coming out after it.

Here are my reasons:

- it has the most transparent, decentralized and honest monetary policy. Contrasted with the central bank. Contrasted with XRP where you have to trust Ripple or their smart contract to stick to their policyand hope they don't don't dump 1b XRP on you every month. 

- humans value things they work for. If you can brrrr money into existence with 0 input then it is abundant and not scarce.

-Economics determined by scarcity, not utility. The most valuable thing around you is the air you breath yet it is free because of how abundant it is. BTC is valuable because of scarcity (you can't print it), same with XRP.

-where XRP fails/succeeds in the mind of crypto community is the monetary policy. You have to trust Ripple. They can make or break you by buying back their XRP, making it scarce, or dumping it on you, in perpetuity. The fact that Ripple is the biggest bag holder is good and bad. It's bad because they dump on the market and hurt the price but because they are the biggest bag holder they have a strong incentive to keep the price high and they have shown the most aggressive marketing strategies. They can innovate as a company, Bitcoin cannot since it doesn't have such a bag holder willing to contribute.

The price has already hit 40¢. This is encouraging but I'll be watching whether it can break through 60¢ which has been the titanium resistance.

Excellent post.  Agree on all points.  People make similar arguments about gold being archaic, "the barbarous relic" etc.  And yet, people always flock to it during times of financial stress.  The same will be true of BTC, I believe.