/biz/ - Business & Finance

[Anonymous No.5849431]

Ok so I'm still learning to read charts, so if I've misread something please feel free to rip this apart and correct me but, the drop from XRP is going to be massive

Indicators:
RSI
Bollinger Bands

How hard do you think it will drop? I only have 800 in it right now and I'm thinking about securing my position. Thoughts?

[Anonymous No.5849522]

Its goverment money, rules dont apply.

[Anonymous No.5849578]

>>5849431

SMA is fucked from irrational exuberance.

[Anonymous No.5849591]

>>5849431
You think the banks will let their jewcoin drop before they accumulate the majority of the BTC?

[Anonymous No.5849598]

>>5849431
Hasn't even begun. Big big fucking news coming next couple weeks. Forget everything you thought you knew about XRP and its "top" and whatever you thought its MC could be

Not saying anymore

[Anonymous No.5849625]

All technical indicators must fucking hang

[Anonymous No.5849815]

>>5849591
>Gunsmith Cats

ayyyyyyyy nice

[Anonymous No.5849853]

>>5849591
>>5849598
I know it's great now but I'm wondering when the market will start breathing again. It's like a singer holding a note, we've gone past the amazing euphoric happy point now I'm starting to get concerned.

>>5849591
>>5849815
Yeah Gunsmith Cats is awesome.

[Anonymous No.5850106]

So what am I missing here? Where's the roof on this thing?

[Anonymous No.5850255]

The media is shilling Ripple. That should make everyone nervous. CNBC had an article that was step by step instructions telling people to buy Ripple. It's like a big, neon SELL sign

[Anonymous No.5850452]

So how do you calculate when would be a good buy in price? I was trying to use a Fibonacci Retracement tool but that seems to be more for when a crypto has already gone through a pull back and not really for when it's at ATH. Any suggestions on how best to read this?

[Anonymous No.5850557]

once you awaken from the big banking delusion. realize those big banks aren't coming to play and it would suck if they did anyways. then you will sell, during the slide, or try to anyways. have fun shes coming down hard, and why buy the dip even? its a rotten centralized coin. goodbye

[Anonymous No.5850584]

>>5850452
buy high sell low

[Anonymous No.5850590]

>>5849431

What the fuck are you talking about? This will be 10x its price in 2 months. Why dont u stupid daytrading amateurs just give it a break

[Anonymous No.5850619]

>>5849431
>he thinks crypto charts mean anything

[Anonymous No.5850732]

>>5850255
sell it to me nigger

[Anonymous No.5850807]

>>5850619
Not trying to fud or anything, just being rational about it. What comes up must come down right?

[Anonymous No.5850856]

>>5850590
>10x in 2 months
lol wut

[Anonymous No.5850890]

>>5850807
No that's not right.

[Anonymous No.5850920]

>>5850807
>What comes up must come down r-r-right?
AHAHAHAHAHA, you aren't going to make it anon.

[Anonymous No.5850923]

>>5849431
50/61.8 fib. maybe even more when all the latefags panicsell and BTC starts mooning.

[Anonymous No.5850952]

>>5850590
Exactly. The price per Ripple is only $3.54, but Bitcoin is nearly $15,000.

This proves how undervalued Ripple is, and that's why I mortgaged my home and put all my life savings into it one hour ago. This coin will be worth thousands of dollars in a month, and will finally get me the retirement I need.

It just makes me so happy thinking about how my wife and I will finally have money to buy a beach home. We are both in our early 60s and have worked hard all our lives with little to show for it. Now we will catch a break.

[Anonymous No.5851010]

>>5849431
Typically coins drop from devs or early whales selling.

Early devs and ripple employees most likely have no incentive to sell as theyre paid heavily as is from profit from working with banks and businesses so that removes a lot of potential sell pressure.

[Anonymous No.5851011]

>>5849431
While I agree from a TA standpoint, I feel that the social influence on the coin is way more influential for the moment.
It'll be added to coinbase around the 20th of this month says an inside source.

[Anonymous No.5851033]

>>5850952
lol, nice troll bro. bit obvious though

ripple is half bitcoins market cap. even if ripple somehow doubled in 2 months that would be it. thats the market saturated.

its not going up 10x in 2 months lol

its running out of steam soon probably

[Anonymous No.5851363]

>>5850952

[Anonymous No.5851368]

>>5851033
I don't know what you mean, but you should listen to me. With age comes wisdom and I have likely handled a lot more finance over my years than you have. I grew up when the stock market was barely a thing and watched friends get rich off Apple and Microsoft stock.

Now Apple stock is $172, so imagine if you had bought it at $3.50 like Ripple is now. This is a new frontier and I am the early adopter this time. I have bought the Internet version of Apple.

[Anonymous No.5851598]

>>5849591

You're dramatically overestimating the extent to which banks are using this. Jesus Christ.

I own XRP, I'm not shilling against it. It's really clever technology. I'm trying to defend it from unrealistic expectations.

[Anonymous No.5851630]

>>5849431
>new to charts
This is ABNORMAL. Dont you dare try to short this /call a top or you will be steamrolled. Better to wait till CB hits and try to time peak euphoria. Hodlers have been waiting for months and years to sell into a coinbase offering. The normas will buy bags and have to ride a short wave down.

There are more partnerships coming online in Q2 and beyond. This is a lt hold. DONT BE A NEWFAG AND LOSE YOUR CAPITAL SHORTING THIS FUCKING ROCKET

[Anonymous No.5851665]

>>5851368
>this level of delusion

[Anonymous No.5851812]

>>5851368
keep going anon you're like the grandfather i never had

[Anonymous No.5851867]

>>5851630
>Hodlers have been waiting for months

held for 6 months and dropped 1/2 my bags makes me kinda sad to know what I did, but I'm never doing it again

[Anonymous No.5851956]

>>5851630
>shorting
Fuuuuuuuck no, see before I even jumped into crypto I did a little research to learn as many terms, investing style (even if it is all just speculation right now) and buying/selling coins and I'm was determined not to fuck with play money and go into debt. I've put in about 700 so far and I'm at $3.1k not huge gains but ok to start. The reason why I ask all this because securing realized gains is tough, and I've watch this drop like a stone. I just don't want to be caught with my pants around my ankles especially if there are signs to be seen warning about this. I wish I could see charts the way some people do to flip $100 into $2k but I just don't have that skill yet.

[Anonymous No.5852437]

>>5850952
For somebody, somewhere, this larp is their real life. And for that I laugh.

[Anonymous No.5852630]

>>5852437

it is unironically the entire state of Utah. Somebody should shill a "Moroni" or "Beehive" or "Nauvoo" coin to Mormons. They would gobble it up like they do every fucking pyramid/ponzi scheme on the fucking planet. They are so concerned with "making it" in every sense that they gamble on the market like basement Vietnamese.

[Anonymous No.5852759]

>>5849431
You don't need a chart to tell you that if you bet against the Jews, you're going to lose.

[Anonymous No.5852875]

>>5850952
I love you.

[Anonymous No.5852915]

>>5851010
>work at firm getting paid shitloads
>also was given some XRP
>no reason to sell now, I've only made $10,000,000

[Anonymous No.5853356]

I'm shorting it. idgaf. take my monero you bastards, enjoy your centralized shitcoin.

[Anonymous No.5853589]

>>5849815
>>5849853
I can't believe I've seen this reaction image all these times without ever actually watching Gunstar Cats until just now

[Anonymous No.5853617]

>>5853356
lol wut
Dude you'll be liquidated tomorrow

[Anonymous No.5853652]

>"""technical""" """analysis"""

[Anonymous No.5853752]

Does ANYONE here use stop loss order or are you all in the buy and hodl camp forever?

[Anonymous No.5853792]

>>5853617
it's going to dip below this before the end of tonight. I buy back and I'm good. it won't hit 24k tonight.

[Anonymous No.5853837]

>>5853752
Some nice advice I've heard
>"If you think you need to use a stop loss, then take profit. Too many times someone will watch a profit become a loss. If you feel the need to put a stop loss, then you should start selling portions of your stack while it's still green."

I've tried day trading, but if you hodl for 2 weeks in this market, you'll likely go 50-100% if you didn't pick absolute shitcoins, which even then, that's hard

[Anonymous No.5853844]

>>5851598
Gas.

[Anonymous No.5853873]

>>5851368
Your boomerposting is on point.

[Anonymous No.5853880]

Technical analysis is bullshit, stop wasting your time trying to predict the future by reading tea leaves.

[Anonymous No.5854002]

>>5853880
This. People act like TA works in crypto when the entire market is mooning out of control

[Anonymous No.5854082]

>>5850952
>>5851368

Masterful. Thank you for this, it's made my day.

[Anonymous No.5854145]

Ripple 101
----------

-The supply is fixed. There's no inflation.

-The current transaction cost for a standard transaction is just 0.00001 XRP.

-The transaction cost is not paid to any party: the XRP is irrevocably destroyed.

-Ripple consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.


-Ripple Labs share is locked in 55 batches, only one batch can be unlocked per month. It would take them 5 years to unlock them all. This makes their incentives 100% aligned with XRP holders. Ripple Labs is always working on creating new partnerships (e.g., Amex, Santander, ..) and expanding XRP's marketshare.


-Ripple doesn't use proof-of-work anywhere which requires inflation and/or outrageous fees (as in Bitcoin)


-Ripple is more decentralized than Bitcoin. With Bitcoin, you have no choice but to trust whoever purchased the most hashing power (currently it's a chinese company called Bitmain). With Ripple, you can run your own validator and setup your own trusted validators list. 10s of non related reputable public and private entities around the world are currently running validators (e.g., MIT, Microsoft, ..etc), many more keep joining.
..

-The software is open-source (Stellar was a fork of Ripple).

[Anonymous No.5854211]

>>5854145
>10s of non related reputable public and private entities
You mean jews

[Anonymous No.5854301]

>>5854145
Get to the part where it’s a scam

[Anonymous No.5854376]

FUCK THIS KIKE SHITCOIN

[Anonymous No.5854795]

There are other factors at play OP. The speculated coinbase listing is fueling this. The prospect of the flippening is only adding fuel to this rally. Could you imagine the headlines if XRP surpassed BTC? There would be panic buying like no tomorrow.

Spend about two hours looking at the order book move on polo and you'll realize that nothing will stop this. You can feel people just urging XRP higher. The consensus around this going stratospheric is 100%.