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@Timmy C - I think we might both be right and both be wrong in the same day lol. Crazy day so far.
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Knowing the hysteria that forms around XRP retailwise you could be short on your projection.Some Updates I See:
There's a broad market sell off going on. I still attribute it to my Sell The News: Vaccine Approval theory lol (Moderna is asking FDA for emergency approval today).
But nonetheless, it will bring everything with it. Except the US Dollar. This includes Bitcoin, so not only did we do some crazy pump this morning but we will likely also do an equally crazy dump that will kind of slow bleed for a week or so. This sell off for Bitcoin will happen after it retests the $19k area on it's bounce.
So... All in one day:
1) Bitcoin pumps and hits it's All Time High since freakin 3 years ago.
And then it's likely these will follow...
2) Sells off to hit $16,000 or $17,000.
3) Followed by a retest pump back to $19,000.
Then over the next week or so: a sell off, a slower bleed type correction sell off all the way eventually down to $13,000-$14,000
Breakout Star: XRP
XRP will likely drop down along with everything else. BUT the kicker is; I think XRP will eventually de-couple around $.58-.61 from Bitcoin and find footing and slowly start going up while Bitcoin goes down. This sounds crazy but no matter what analysis I do; XRP always ends up going to $1.2+ in the next couple weeks (sometime in the first week of December)
Knowing the hysteria that forms around XRP retailwise you could be short on your projection.
Do you see any potential in this Spark tokens that will be distributed in XRP airdrop on decembter 12th?You do have a great point! I'm eye'ing $1.2 (maybe?) around first week of December, then freakin $5+ in early/mid 2021. How? I'm not even sure (it feels weird to type that type of a moonboy target lol), but yeah... the hysteria you mentioned in 2017 was.... unbelievable in how high & fast it would run.. and it is 2020 lol
Yes, exactly. I think this will cause the price to run up a few days to a week before Dec 12th. No other alt at the moment (other than ETH 2.0 which is still kind of an unknown) has any definite date on any "good news". This is kind of the first "good news" since this crypto bull run has began (well half way confirmed as bull run anyways), and any "good news" is pretty much like NOS boosters in bullish environments!Do you see any potential in this Spark tokens that will be distributed in XRP airdrop on decembter 12th?
Great questions. So, my take is... I am not fond of the project, but at the same time, they would be filling a need even if it skirts "crypto roots". With that said; it is also the #3 biggest cap coin and has tons of volume & liquidity, I think it would be almost impossible for this thing to fail as 'how do you fail speculation'? (unlike something like a Bitconnect which was a scam and not speculated utility)@James Fend (or any other XRP bulls): do you think XRP is a long buy and hold play? Or just a bubble play to make some quick cash?
I ask as someone who has always disliked the project and think it's doomed to fail, so looking for a different perspective in case I'm wrong.
If XRP would really go up to $1.2 I would be happy and pissed off at the same time. This guy I follow and agree upon his research shows that most digital assets will have a massive drop such as BTC, XRP, and ETH. I've read the charts and fractals he uses and it make sense, plus the stuff going on in the world could follow up a drop. I wonder what will happen in the upcoming days, but I will keep my eyes on this space.Some Updates I See:
There's a broad market sell off going on. I still attribute it to my Sell The News: Vaccine Approval theory lol (Moderna is asking FDA for emergency approval today).
But nonetheless, it will bring everything with it. Except the US Dollar. This includes Bitcoin, so not only did we do some crazy pump this morning but we will likely also do an equally crazy dump that will kind of slow bleed for a week or so. This sell off for Bitcoin will happen after it retests the $19k area on it's bounce.
So... All in one day:
1) Bitcoin pumps and hits it's All Time High since freakin 3 years ago.
And then it's likely these will follow...
2) Sells off to hit $16,000 or $17,000.
3) Followed by a retest pump back to $19,000.
Then over the next week or so: a sell off, a slower bleed type correction sell off all the way eventually down to $13,000-$14,000
Breakout Star: XRP
XRP will likely drop down along with everything else. BUT the kicker is; I think XRP will eventually de-couple around $.58-.61 from Bitcoin and find footing and slowly start going up while Bitcoin goes down. This sounds crazy but no matter what analysis I do; XRP always ends up going to $1.2+ in the next couple weeks (sometime in the first week of December)
They aren't going to necessarily distribute it on the 12th, they would pay in you pieces. Don't assume this is correct do your own research and read some articles to see what could happen (because once again we don't know what is true and false, just handed information).Do you see any potential in this Spark tokens that will be distributed in XRP airdrop on decembter 12th?
Bitcoin is getting more and more stable. I think 30k is easily do-able in this cycle, but I skeptical of the extremely bullish cases of above 50k, without a Weimar style of hyperinflation.I'll be honest, after bitcoin tanked at the beginning of 2018, I never thought it would back up where it has. That being said...it's probably going to reach a new high before there's another big sell off. I will probably just wait until it dies again and then buy 2 or 3.
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A small bet on sth for a 10x or 20x potential.
Defi is the hot topic but most are no longer cheap in valuation. And there is a lot of competition in this space.
Given the increasing interest from institutional money, I focus on projects that are structured to be acquisition friendly.
I have to admit that I do not have a lot of real trading experience in this space. I knew about crypto since 2013, I read about them, bough some for fun and followed their price and development. I am not those who spent hours per day and they know where to “Farm and dump” the latest defi token.Do you mean acquisition by a big company? This is interesting...
I think we are living a new "wave" of cryptospace. With the world post COVID-19 changing at a rapid pace, the technology is evolving, contracts with big institutions have been signed, new things like DeFi, NFT, etc..
Do you mind sharing what is your framework/thought process when looking for a good alt project to invest in from now on?
I don't have mine fully formed yet, but here it goes as an example...
Example:
1. Research and understand the project you are investing, read the whitepaper, etc
2. Look for projects that solves a real need/adds real value to the world
3. Look for projects that signed contracts with big institutions
4. Look for projects that are acquisition friendly
5. Check the upcoming news of that project
5. Etc..
Think it might spark an interesting discussion. Let's see if we can help each others out in taking advantage of the opportunities yet to come.
Note that with PayPal, you do not actually own your own crypto. Only an IOU version of it.Is there any news about the integration between PayPal and Cryptos?. In Argentina we need something like that now, is a massacre what happened when you want to import your hard-earned dollars.
You may not be interested in Bitcoin, but Bitcoin is interested in you.I'm more into blockchain technologies right now
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It's been a LONGGGG 3 years, but I'm strapped in with much better trading talent and experience. Should be a good bounce back year overall from 2020; thats for sure lol.Bitcoin just broke $20,000
Strap in.
23k now. I'm wondering how long it can keep going like this. I have no plans to sell anytime soon though.Bitcoin just broke $20,000
Strap in.
The question on my mind is who the heck is buying at these prices? 99+% bot activity?
The question on my mind is who the heck is buying at these prices? 99+% bot activity?
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