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Charting the course of XRP


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Just now, Tinyaccount said:

I really wonder how folk like you manage to always look on the dark side.  It must be very depressing.

I really wonder how folk like you manage to always look on bright side. It must be like living in a bubble full of illusions just to feel good.

It is not my fault you do not like the truth. What else is this quote from BG then fake pump in the middle of  run?? Stop being so emotional, geez.

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59 minutes ago, Kiwi said:

I really wonder how folk like you manage to always look on bright side. It must be like living in a bubble full of illusions just to feel good.

It is not my fault you do not like the truth. What else is this quote from BG then fake pump in the middle of  run?? Stop being so emotional, geez.

Have you signed the petition to stop dumping XRP yet? :) 

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1 hour ago, Benchmark said:

@Kiwi is a glass half empty kind of guy, you a glass half full kind of guy. 

Same thing, different perspective.

Nah Kiwi is making up a theory to fit his disillusionment over being underwater.  

I don’t believe something unless there is evidence.  So after applying Ockhams razor to his “theory”,  it seems more parsimonious to simply assume the reality...  that Brad makes statements based on the facts he has at the time...  and not being from the future, sometimes his predictions are wrong.

So if some want to believe the nonsense that it’s a ‘fake pump in the middle of a run’ without any evidence other than their dissatisfaction,  then fine.  But I would need extraordinary evidence, not coincidental bad fortune, to believe his cockamamie theory.

1 hour ago, Cooliozxrp said:

He gave you real examples of Brad spouting crap

No he didn’t.

1 hour ago, Cooliozxrp said:

and you resort to attacking him personally

No I didn’t.  I made an observation...  that I do not understand how people can be so inclined to always leap to the dark side.  To believe any nonsense especially if it’s assuming bad faith on the part of Ripple.

But that’s enough of this...  I’m going back to ignoring the conspiracy theorists.

 

Edited by Guest
Changed ‘your dissatisfaction’ to ‘their dissatisfaction’ since I had that wrong and it made it seem like I meant Benchmark when I meant the pessimistic ningnongs.
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31 minutes ago, Kiwi said:

Btw Tiny, I do really like you

That’s very nice of you to say.  I don’t think I deserve it,  but thanks.

 

32 minutes ago, Kiwi said:

Then why do you believe BG when he says major banks will use xrp in 2019? Do you mind showing  me the evidance?

These are my reasons...

The first thing to realise is that Brad has a large number of ex-government and high powered lawyers and ex-regulators in his team and they will have made it abundantly clear to Brad that he cannot make price affecting statements unless they are factual.  They can be about his beliefs but he can’t be just making stuff up.  Even though it’s not a publicly traded company there are laws about false representation.  So to lie to the market runs a future jail time risk...  perhaps not a large one,  but a real one nonetheless.  Or it could put at risk the non-security status of XRP...  something that he has invested time and reputation trying to make successful.

Secondly I believe I am a good judge of people...  I see him as a fairly straight shooter.  So when he sincerely says he believes something...  then I believe that he does believe it.  Which is not to say that he will always be right about his beliefs.

Thirdly we know from various sources that a great many FIs are talking about and/or are signed on to Ripplenet.  It’s not a long stretch to believe that some of them had indicated to Brad that they intended to use XRP in 2019.  Certain corridors are becoming clear in terms of regulations.  Although we find out about them later,  it’s likely that Brad knows well in advance about upcoming changes to the regulatory environment.  (If not the detail,  at least the gist).  Whether any of that happens is still in the air...  it’s currently only the third quarter...  not the end of the fourth in spite of many claiming Brad lied (before the term is even up).

Lastly there is always sand in the gears...   things never run as smoothly as anticipated.  So even if there are no banks using it this year that doesn’t mean Brad lied...  it would more likely mean just that he was mistaken.

 

So let’s consider the alternative...   That he is a outright liar just trying to pump like these unhappy folk claim.  If so then he is spectacularly bad at it.  Also he could do much better by name dropping people he has recently spoken to without making any provably false claims.  But every interview I’ve ever seen of him has shown a man very careful specifically not to do the things these malcontents accuse him of.

Basically the ‘theory’ he is pumping is just unsupported by any logic or facts...  but it does make unhappy underwater holders feel there is a reason for their misfortune and gives them someone to blame.

Thats pretty much all I have to say on this...  I can see Kiwi is unhappy,  but I think others here are actually malicious.  I have no wish to engage further with them.

 

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Thanks all for the kind words and contributions to the thread.  A couple quick charts before I head off to work.

First, XRP.  Sooooo... we had a bit of a plunge overnight, it seems.  Wicked down to $0.22.  This is a little worrisome, but we bounced off very nicely and formed a nice bull hammer.  At some point, we should like to see some buying with some volume behind it.  So far, all of the high volume candles are the selling candles.  As we stand right now, we are above the $0.264 line.  I expect that we will form a candle right around that point and that will be the real decision time.... up or down?

rJfu3h1K

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BTC looking much stronger (as always, it seems, these days).   Bounced nicely off of an old support around 9400 and back up to 10000 as we speak.  Still trending upwards over the longer term.  Drama is all with the alts right now.  Don't forget, though, that we should  be cheering for BTC and this is good news right now.

7RPm6sim

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Finally, the BTC dominance chart.  Still in the rising wedge, still looking for a new market cap dominance ~72ish before it trends back down.  If this pattern holds, and it has been very good so far, BTC is going to continue to lead the way until mid-late September.

xbFikAXf

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If we keep the wyckoff in mind then that huge drop and bounce to 0.225 looks like an ideal springtest and proof there is much buying pressure.

Let's hope the whales agree and deem XRP (and other alts) fit for a steady build up to a new parabolic before EOY. If they start (re)moving their sell walls it would be a first good sign.

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I liked this chart of MPC on tradingview also (MPC is seen as a good chartist by some/many) and recently became enthusiastic about XRP..

https://www.tradingview.com/chart/XRPUSD/iS6djRi0-XRP-Will-Change-The-World/

Not because of the insane $220 XRP prediction in 2020, but the massive springtest he predicted. You can see a big drop in his chart on sept 9 towards... 0.225 cents. Perhaps his timing was off as this drop came early, but that drop did just happen to 0.225 and usually is the start of a run up as he 'predicts' also.

MPCchart.JPG

Edited by Caracappa
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26 minutes ago, Caracappa said:

I liked this chart of MPC on tradingview also (MPC is seen as a good chartist by some/many) and recently became enthusiastic about XRP..

https://www.tradingview.com/chart/XRPUSD/iS6djRi0-XRP-Will-Change-The-World/

Not because of the insane $220 XRP prediction in 2020, but the massive springtest he predicted. You can see a big drop in his chart on sept 9 towards... 0.225 cents. Perhaps his timing was off as this drop came early, but that drop did just happen to 0.225 and usually is the start of a run up as he 'predicts' also.

MPCchart.JPG

I really like the enthusiasm but seriously... really?

A chart is presented where in Q1 2020 fabulous values of up to 30 $ per XRP are shown - nobody can take that seriously, even if the current drop was announced by chance.

30$, just like that. Thousands of new millionaires overnight.

I'm already glad if we can stay above 1$ for a longer period of time.

 

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11 minutes ago, Elysium2030 said:

I really like the enthusiasm but seriously... really?

A chart is presented where in Q1 2020 fabulous values of up to 30 $ per XRP are shown - nobody can take that seriously, even if the current drop was announced by chance.

30$, just like that. Thousands of new millionaires overnight.

I'm already glad if we can stay above 1$ for a longer period of time.

 

As I said, not because of the peak prediction he makes, but the drop before the rise.

I personally don't believe there will be 1000's of new millionairs overnight. Parabolics have taken 3-4 weeks in the past and usually in multiple steps with pauses in between. Most will have sold far before it would reach $ 10,00 during those weeks. After which they buy back in higher again because they can't stand seeing it go up after they sold hoping to catch more of the wave and in effect contribute to the parabolic.

Edited by Caracappa
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