RIPPLE (XRP): Don't Confuse the Trees for the Forest!! Target $4.11!!!
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SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
Not seven days ago, I had provided an update on Ripple (XRP) and elaborated on how cryptos just LOVE the triangle pattern. The below chart was used to show an a,b,c,d,e pattern when only the a and b waves were complete. I had indicated that given the two white trend lines, the likelihood of the remaining c,d,e waves completing was high. I call this level of projection "Forward Discerning".
Here is the current chart which shows precision hit of the a,b,c,d,e waves and completion of the foward discerned waves. Price erupted upwards and is now making orgasmic lunges UP!! I believe newer and higher all time new highs will continue.
So, what's next? IMHO, think BIG! We are in the early stage of the Altcoin Popcorn Symphony! Below shows how one should not confuse the "Trees" from the "Forest". My target is $4.11 or HIGHER!!
Here is the XRP/BTC pair with the original markings from seven days ago...target has been hit and exceeded! Not too shabby.
Here is the updated projection for the XRP/BTC pair with a target of 18,100 Satoshi as shown below by the impulse Elliott Waves!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Ripple to da moon! It will pass Bitcoin in market cap before the end of the year and will be at $1,000 by February! We's all gonna be RICH!!!!
🚀🚀🚀🚀 Thank you RIPPLE for my first lamborghini!!!
https://steemit.com/ripple/@karolynaz/thank-you-ripple-for-my-first-lamborghini-omg-please-share-if-you-like-ripple
Take a look at NULS (nuls.io). Undervalued at the moment and ready for take off to the moon.
EVERYONE MUTE @nijeah and you will be able to see the comments. @nijeah is spamming in all the comments to lag the page. Simply MUTE him and you'll be good to go.
How do you actually mute someone?
This is how you do that for any account. Thanks @yesnobabytoe I thought my internet was slow then I realized that it happens because of these comments.
Thank you. After I asked how, I realized just how silly the question was:). Thank you for the instructions...
I'm just simple man thanks @haejin for make me rich
The difference between Ripple & other cryptocurrencies such as cryptos based on DPoS protocol is that in Ripple, ONLY institutions can become a "validator" (processor of transactions). Every server processes every transaction according to the same deterministic, known rules. While, for example, in cryptos such as Bitshares (BTS) network ANYONE can become a validator ("witness"). The stakeholders (i.e. BTS holders) can elect any number of witnesses to generate blocks.
If no one mines it then who creates it? If you say its value pegged to national currencies then it should be 1xrp =1usd. If all tokens are already in circulation then "someone" needs to decide/decree on how much to produce or to be in circulation.
As a network it makes sense...as a currency(commodity) it doesn't.
Ripple use case is to move fiat currency seamlessly across borders, so buying ripple is proof of ownership with 1 USD = 1XRP (or weighted rate of the basket of all currencies). There are other cryptos that also offer only proof of ownership but their use cases is more than moving currencies, such as SALT or Steem or ADX
Obviously, Ripple is aimed to be the new global fiat. People love fiat, so the banks need to accept it and bingo, and why would fiat need to be mined ?
What with us sitting below $1.85 right now aching towards $2, Haejin's $4 bet is conservative.
Correction, we're pushing on $1.95 right now...
nobody cares about ripple's xrp. it's a hype now. Dead coin, like BTC. All crypto that is controlled = dead.
It was exceedingly hard to trade yesterday, so I sold and went into Lumens.
But the entire dumb money is flooding into Ripple right now, so dead is not the word.
It's just way to volatile for me to be interested any longer.
I think you're being WAY too emotional about these things, though
Do you understand the whole philosophy of why cryptocurrency came into existence?
Do you understand that it makes no difference to most users what philosophy initiated the Big Bang ?
Ripple is already crashing down. It will go to 1 USD, before it goes to 4 USD. The big difference, that there's only 16 million bitcoins, and 100 billions of ripple coins! And also don't forget market cap – if ripple is $4, that means ripple market cap is way higher than bitcoin! and that's probably not going to happen. If bitcoin hit the ceiling at 20000; ceiling for ripple is 2 USD.
Since when does any cryptocurrency's price have to correlate to anything tangible? I always ROFLMAF when some Millennial refers to Bitcoin as "digital gold" or "a store of value".
Humans need mental planks they can cling to while floating through a relative universe, trying to apply causal thinking every minute of the way. We're all condemned to be cosmic day-traders ;)
welcome to the new world, my friend. Soon enough, these "new millennial" will be the ones running the world and ROFLMAF at the past primitive forms of store of value, such as a piece of rock. ROFLMAF!
Brother, ripple went from 50 billion in market cap to 90 billion. Once Coinbase puts Ripple on their platform on Jan 8th, I suspect people will sell a weakening Bitcoin for the Crypto currency that's been showing nothing but promise. Bitcoin has lost 25 billion in market cap since Noon, 29Dec2017.
Ripple is not a cryptocurrency. Please do the research. XRP is not used by banks they use a completely different net called RippleNet.
Ripple Surges 50% To Become Second-Largest Cryptocurrency
https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/cbovaird/2017/12/29/ripple-surges-50-to-become-second-largest-crypto/&refURL=https://www.google.de/&referrer=https://www.google.de/
Maybe you mean that Ripple is not a currency in the context that I said, because you're right with regads to RippleNet. Thanks for that correction.
Is the Coinbase listing date of January 8th confirmed? A friend texted me that yesterday, and all my research turned up was a possibly faked photo of a monitor.
A few Youtubers have mentioned it. So upon digging deeper I found this: https://cryptosumer.com/2017/12/26/another-coinbase-gdax-leak-more-coins-added-january-8-or-sooner/
Not sure how reputable the site is, but it's my source. I very well could be correct on the faked photo. It's definitely hype.
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
More to come on this, just curious on your responses to points 1-4
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
Big bang was also initiated with a property that people have a choice to be ignorant.
New investors will definitely want to buy a XRP $1.9 /coin compare to BTC now at $14789, no brainer for investment. Low investment to jump in.
I hope $ to XRP conversion is coming soon, to save us fees from $ to BTC to XRP.
Cheers,
@Yehey
Don't look at the price of the coin as its value. This is a common mistake. Everyone wants to buy what is cheapest and would rather buy something for $1 than something for $1,000, but it's incorrect thinking. You have to look at the number of shares or coins X the current price to see it's market value. Anyone can simply change the number of shares by doing a split, let's say a 10 to 1 split, and the result for a $1,000 stock would be $1,000/10 = $100 per share, but you also have 10X the number of shares. So if you originally had 1,000,000 shares you now have 10,000,000 shares. The The company's value is the same if both cases. So my point is you can't compare BTC to XRP in terms of it's coin price. That has no meaning.
The problem is, dumb money people don't do this.
Now with Ripple it will be a fight between such dumb money and the companies who really control the value of Ripple. Guess who has the upper hand.
Right, indeed a common mistake. Look at market cap, current supply and max supply.
You can already purchase XRP against USD / EUR on Kraken, for your information.
True!
The price of the coin is irrelevant - if they go up the same percentage you make the same amount of profit. How many coins means nothing only percentage increase or decrease.
Exactly!! I can't count the number of times I had to write this.. And also: This is NOT shares people.. If you buy crypto currencies or tokens, you are not buying a share of the company. It is nothing like buying shares. In fact, the whole market value right now is based almost entirely on speculation of future value of the platform that the token/currency belongs to. And that actual utility and practical value has yet to be proven in most cases. For Ripple.. it's the most tangible concrete use case out there. I advise you invest in long term in projects you can see real world use in. The rest is just for swing trading. Also high risk. Don't go chasing pumps..
dammit! i sold my eth yesterday and bought XRP still hopping it will get to 2.5 to 3 USD
From my perspective I won't consider it as a legit investment...maybe for speculation yes!
But it's a centralized digital IOU that there's potential flaw of double spending!
You may not consider it a legit investment, but you have to admit, its a great medium term trade.
Sure, but personally I rather not contribute to something until I clearly understand it one way or the other.
Problem is there is little chance straight matically that XRP can go much over $10 (that begins to push it). On top of that the owners of Ripple can always just put more XRP in the market whenever they want. They have many many billions in "lockdown".
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
More to come on this, just curious on your responses to points 1-4
I agree with you . Ripple price is controlled by them . They can bring the price down anytime .
Just a thought - who (including 'they' and 'them') gain by bringing the price down? Where would be the benefit to 'them'? Yes, they could pick up more for less, but if by 'them' you're referring to the founders, they're holding back 60 billion of the 100 billion coins, so why would they crash the price of their own asset? Just curious?
They would sell large amount and take the profit .even if you sell 1% of coin , it could crash the market because liquidity is too low .
They have done that previously . Just DYOR .
I am not saying this would happen but it may in future .
It just flies in the face of logic, though, does it not? Sell 1%, pocket the profits, and crash the value of your remaining 99%. Remember - they're inside the banking fraternity, so the Ripple team can almost certainly borrow fiat against their XRP holdings, any time they like. Crash the value of their holdings, and their ability to borrow is instantly reduced.
I accept they MIGHT do this, in a very small way, very occasionally (though I struggle to see why) and this MIGHT cause a dip in price, but every crypto - indeed, every asset - goes through peaks and troughs. It's just part of the game, so where's the difference?
For me, this coin has a strong use case, with powerful backers, and an end result of lower transaction costs for trans-national banks. They face regulatory hurdles, but for a strong enough case, regulators bend to what banks want anyway.
I like ripple , only reason i am not in it ,is because it is centralized .
Btw banks wont use this coin . They only want to use the network .
You're right - the banks are only using the underlying network and protocols
Are you saying that Ripple should be valued at $1 exactly?
IMHO, yes!
I must insist this to be one Pound Sterling, exactly - but as I'm one the phone with Baron Rothschild right now, let's maybe postpone the deliberation
Okay got it, you're the smartass on the block!
smartass on the *blockchain ;)
That would make sense to make bank transactions much easier, probably it will eventually settle at 1 dollar, after all this new investors hype is over.
Can someone help me with these two questions:
I appreciate this community and your help with these two questions. Thank you all
charts doesnt show time. When @haejin predicted XRP to go to 1$ - that took 1 month, from 20 cents to 1$. SO 4$ can be as soon as in 4 weeks.
Two things that may help my friend:
"In a Quantum Event, time goes vertical such that there is no linear time. If price is a result of sentiment and Perfect Thought is unbound by time, then a Technical Analyst should focus most on price pathway accuracy and less on time projection. Why? The return on investment for Time projection is very low."
BTS FOREVER ! I read at some Magazine that ripple could be 1000 $ in a few years. What do you thonk about this ? Thanks !
If ripple would be 1000 USD, the market cap of ripple would be higher then gold! So don't dream. Max for ripple is 15-20 USD in next 5 years. Why nobody cares about supply of coins? Do you do some research? Bitcoin have big price not because keeps buiyng it, but because the supply is limited – 16 millions bitcoins are available today. For ripple – there's 100 billion coins!!! available! So do your 1+1 :)
By 2030, this will be the USD:
I read it at some forbes forcast story i think... it was like where BTC, ETH, ripple etc. could be at the year 2030... There BTC was predicted at 200 000 $ :) I think + hope that this is just the beginning and more and more money goes in cryptosurrency.
Technically, Ripple also has limited supply. The overall quantity of XRP does not increase; they are already pre-mined, remember? It's just that the Ripple company is holding rather big chunk of the supply, and they are planning to gradually release them into the circulating supply. The overall supply of xrp is actually decreasing, for some xrp is lost per transaction.
Supply would only matter for coins that does not have a limited supply, perhaps like Ether.
Actually, there's not 100bn available - 'only' 40bn. The remainder is held by the founders
What reasons did they provide that it will hit 1000?
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
More to come on this, just curious on your responses to points 1-4
Waiting till Ripples go up. Thanks for the post.
I invested 5K in ripple today and kabooom it is already 30% up... btw great post @haejin.. A well explained post.
how much time it will take to reach $4 ? and thanks for upvotes @hideki519 and @phuzz
In next few days you will loose 50-70%. Sell now. It's already falling down.
You were wrong 2 hours ago because it's definitely up from then. Maybe not give advice like that?
you should wait until it's go 70cents..it's too pricey now.
While it's true punters will buy this bc it's a dollar instead of $10,000, what's also true is serious Ripple owners will recognized Ripple's market cap exceeding Ethereum's is VERY frothy, and will sell at that point. Since there's $50 billion of Ripple out there, and punters go at $200 a time, we suspect the Ripple craze will end around $2.00, right about when Ripple makes headlines for exceeding the value of Ether.
$4, in our humble opinion, is preposterous, and we'd HIGHLY recommend finding another coin to punt WELL before then.
We think StellarLumens already makes a better speculation than Ripple at this point. We fully understand the catalyst for Ripple, and the same holds true for Stellar, which by the way is only $0.27 so even FURTHER attractive to newbs.
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
More to come on this, just curious on your responses to points 1-4
All 4 of your points are spot-on. We were simply commenting on how the dolty buyers of crypto would view Ripple and Stellar.
Longer term, Ripple and Stellar shouldn't go up at all, BECAUSE of the centralization involved. Crypto is ALL about anonymity in the end, the "dark side of the force" coins will win the day, long after most of this stuff has been outlawed.
I own some lumens and I'm thinking of re-entering btc at this stage... xrp is too risky now for my taste. However, the people who buy xrp have no idea what lumens even are, they're just buying ripple because of the hype...
Nobody cares if something is centralized or corporate, either - the market is not filled with social romantics. My feeling is that about a quarter in lumens, a quarter in bts, a quarter in btc and a quarter in eth might carry me well into April next year.
I just bought few XRP yesterday and I hope I will gain 100% of my investment on it in the few coming days.
Your analysis made me happy lool
Thanks for this great article, some facts for consideration for the community.
*Buy on a red day!
*BTC Value>XRP Value this everyone knows, so it is never late to buy ripple but at the right time.
*$100 Ripple in next 5 years possible.
*All trades have the same purpose: get more bitcoin. That's the game.
*Korea is buying heavily mainly.
*From past experience with the Korean market, they like to buy and dump and they turn to different coins, these people hunt in packs, they have their own groups.
*Ripple is a good investment in long term.
"It has gone from less than a cent ($0.006523) in January to $1.90 on Friday, which represents a 30,000 percent surge."
So more than 30000%+ surge.
Can I update DIGIBYTE? Thank you very much. Without your contributions I would be lost. Good job.