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Charting the course of XRP


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18 minutes ago, retep said:

Me selling?  No way, i just don't dare! I play it safe and wait until it reaches 100 dollar, so somewhere around 2356 i gues.

Now all i have to do is find the fountain of eternal youth, but that will be way easier than waiting for xrp to go up.

A little dramatic don't you think? We'll be at $100 by 2250, easily.

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1 hour ago, Baka said:

I love what I'm seing right now for BTC and ETH mainly

I'd love to see XRP performing better and reach 1$ before 2021.

I think it’s pretty much now exactly matching BTC again like it was before the snapshot dump.

 

So yeah,  it would’ve been better to start higher,  but I’m perfectly happy for it to continue to track BTC upwards.

If you match scales like I’ve done below you can see XRP pretty much exactly following BTC (grey line) in percentages and directions.

 

5CF7E57A-C1FD-41B1-9825-A996220339DA.jpeg

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5 minutes ago, Baka said:

@BillyOckham sure , I'm happy it still goes up 

But I thought we would have at least 0.8$-1$ with BTC at 21.5k$ , we're at 0.54$ right now

Yeah I understand that sentiment.  But you can see on the graph they are pretty much in lockstep so it’s rising with BTC even if not to the heights it would have if it started as a higher price.

I’ve watched closely these last few weeks and the bulk of the time the lockstep has been in place.  Presumably bot trading.  Too precise to be anything else.

The problem for us is there have been a few short periods where we fell further proportionally and then had our own singular snapshot dump, so hence the low starting position. 
 

Edited by BillyOckham
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3 minutes ago, BillyOckham said:

Yeah I understand that sentiment.  But you can see on the graph they are pretty much in lockstep so it’s rising with BTC even if not to the heights it would have if it started as a higher price.

I’ve watched closely these last few weeks and the bulk of the time the lockstep has been in place.  Presumably bot trading.  Too precise to be anything else.

The problem for us is there have been a few short periods where we fell further proportionally and then had our own singular snapshot dump, so hence the low starting position. 
 

what I am looking at on CMC is that BTC has advanced 9%  and XRP 19% in 24 hours.  Seems we are regaining a lot of what we lost?

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1 minute ago, Julian_Williams said:

what I am looking at on CMC is that BTC has advanced 9%  and XRP 19% in 24 hours.  Seems we are regaining a lot of what we lost?

I think it’s a bit of a trap to use those figures.   They are crucially dependent on the moment that they are taken from.

If you look at the graph I showed of the current price action you can see (as a pattern matching human being)  that they are synchronised.  It’s not absolutely perfect, and hence the possibility exists for singular figures such as you refer to, having unfortunate moments in the graph where the differences are exaggerated.

The only real way to know how they are behaving is to apply your superb built in pattern matching skills after getting the scales roughly aligned.  Then you can truly see what asset is doing what.

Obviously a summation of all those singular figures over time will also tend to come to a valid result, but any one figure can be misleading in my opinion.

Not to say that you are not right...  but I don’t think XRP is doing TOO much more than merely follow BTC at the moment.

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10 minutes ago, Baka said:

@BillyOckham sure , I'm happy it still goes up 

But I thought we would have at least 0.8$-1$ with BTC at 21.5k$ , we're at 0.54$ right now

it should have been at least 3 dollars by now, but i would be happy with 0.80, so why it's not following btc i beyond me.

And as soon btc hits below 20k, then xrp wil drop like a brick to -0.40, because it was aready on it's way and got saved

by the bell thanks to btc.

 

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