not one time in my life have i ever seen in 10 years xrp slowly move upwards. thats not the trend....the trend is your friend dont make enemies
AschraM
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@jacobshultz, trend is down. Curve is next. .19 didnt hold down we go to .15 .....although xrp can just fly up and drag back down again as well. But this is a common textbook design that could follow once the down trend breaks.
XRPTheStanDaRd2000
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@AlexSchram, no.
AschraM
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@jacobshultz, would be nice. Just dont see us blowing through .25 cents. It will take the entire year to get to $1 if it hits by eoy 2020. We wont stutter at .20 it will be at .25
yoggs
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Hi Alex,
0.13 to 0.15 is the bottom since it was a good support from May 17 to Dec 17?
AschraM
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@yoggs, yup. I say .13 because a very common reaction markets like to do is go beyond old support resistance "break it on the daily" then swoop or sway into consolidation into a grinding rise over "X" amount of decades. We know the fundamentals of Ripple and their products are amazing. The best mass adoption asset is XRP because of what it can do. Whether we adopt it into our own wallets as an asset or it is being used world wide by banks. We will end up using it without even knowing because it is a tool that works behind the scenes of value (or money). From 1992 to 2002 gold stayed between $200 - 600 bucks before slowly rising to 1,000 for the following decade. Fast forward today with a new mass adoption asset that many find value in...we live in the age of technology so I don't see it taking 20 years for XRP to do something similar. I see half that time and adjust it to cents instead of dollars...So....my belief is we will hit $1 within the first 5 years...and $10 by 2030...from there the sky is the limit if this asset breaks $10 there is little stopping it from going to $50 ...there is no shortage of gold. Never has been but it was marketed that way....I bet when banks have all their escrow replaced and their XRP in their systems for liquidity transfer this asset will truly show its power. I am not a moonboy I am the Fintech Guy as some call me...but I try to put some level headed thought into the slow grind of adoption. If we range for 5 years under $1 ...well thats 5 years for us to accumulate more and more for a 3x - 5x gain. Big investors want to see a 5x to 10x on their assets they invest in. Most of the time they wont touch it if they can't get that. So seeing us at these price levels today with XRP just tells me all these banks want a 5x minimum on their invest once interledger protocol is mature. This was said to be around 2030 when this happens. If we see .10 then we know there is our 10x growth zone. So the bottom to me is right there... between .10 and .15 (.13 being the middle if a spike happened from .15 to .10) ----- I spread my last 3 orders out at .19 .17 and .13 After that I am done buying until we are above .25 cents again. The most important thing yoggs..is that you live your life in balance...accumulate what you can but don't break yourself into a money sweat situation....learn about this technology in fintech and how you can apply new investment opportunities around block chain without investing in D.A. but investing in companies, working for a company that is apart of the new change, etc etc...maybe build a product around "data flow" so you can sell data points to suppliers in manufacturing. There are many ways to build success from this new asset class. Today I want you to think about these things as we head into 2020. The year of balance. Cheers @yoggs !
Cryptonite_trader
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Nice work. I'm seeing a similar setup
AschraM
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@Cryptonite_trader, I like it! lets dance with these ladies. Good years ahead :)
Cryptonite_trader
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@AlexSchram, yeah buddy!!!
ThumbSkin
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This movement makes absolutely no sense and isnt based on anything from past cycles