truonglybach
Short

XRP: Hold til End of Year

BITSTAMP:XRPUSD   XRP / U.S. Dollar
If you consider the entire cryptoasset market at the moment, we're beginning to see a shift in mentality.
There is more optimism in the markets. Though still carrying great skepticism, it should be noted that there are several indicators to our advantage that signal the beginning of another possible bull run.

Considering that there is a significant uptrend in BTC's chart (where we can also refer to the Ichimoku Cloud and infer that all three indicators are pointing upwards in the daily) and its effect on the entire crypto market, coupled with the halving that's set to occur in May, it would not be out of the question that we begin to see a snowball effect over the next 3-4 months. These indicators are pointing to a -very- strong upward momentum and it doesn't look like it will end any time soon.

Even though I previously did a piece on going both long and short on BNB, after looking at the log chart and comparing it to XRP's position and overall fundamentals, it seems as though the ROI that is projected for XRP during the span of this year is -considerably- larger.

In short, if you want to make money, it's likely that both BNB and XRP will go up during these following months.
BUT if you want to make FAT stacks, I suggest going with XRP.

LB out.

Comments

Why do you label this idea 'Short' if you're bullish about this coin?
+5 Reply
truonglybach Gaengphed
@Gaengphed

I meant short-term.
Reply
So how much will the market cap of XRP increase to? According to your chat, it will be 5 Trillions by the end of this year. Meaning a huge part of the world's money will be invested in XRP. Is this even remotely possible? You seem to forgot one thing about Technical Analysis: The chart only makes sense if it can explain reality.

This chart will not reflect how reality works, because XRP will have to make a huge sensation in the world, many times bigger than when BTC was at 17k, to get most of the world's population to invest in it.
+5 Reply
@phongvm90, It only needs millions of invested capital to produce billions and trillions of market cap. Everyone should know that and give up the FUD about "the world's money needs to be invested in XRP for it to hit <random number>".
circulating supply x LAST trade price is NOT how much money went into a coin.

Market Cap (excl Bitcoin) itself has a chart. The ATH was at 440 billion eoy 2017. The market is growing and it seems the next bull run is starting. The next ATH will be in the trillions. For example:


If XRP was $3 at 440 billion, it can be ~$60 at 10 trillion.
+3 Reply
truonglybach phongvm90
@phongvm90

Well, you misunderstand the nature of stocks and investments in general. When you purchase a stock for a dollar and it raises to ten dollars the next year, you didn't put ten dollars in the next year for that one stock. You waited for it to appreciate in value because you believed that the buyers would drive up the price past the sellers to the point where you could make a significant ROI.
So I'm not sure what you're trying to point out here.

Please let me know if I am misunderstanding anything.

Thank you and happy trading!
+4 Reply
subzero89 phongvm90
@phongvm90, Agreed, that kind of market cap isn't realistic. Maybe $9 XRP, about 3x the last ATH.
Reply
truonglybach subzero89
@subzero89

But 20k BTC seemed pretty unreal before, but it got close.
Looking at the past percentage gains, it wouldn't be ungrounded to project something similar might happen with XRP.
Reply
subzero89 truonglybach
@truonglybach, I hear you, but each bull run brings less percentage gains. A $9 Trillion market cap for XRP would mean something like $60 Trillion BTC. Maybe in 10 years, but not in 1!
Reply
truonglybach subzero89
@subzero89

Ahh that's quite reasonable.
But I've often underestimated how people can drive up the price (I'm learning from past experience) and for me, personally, it's always higher than -I- expect.

My original guesstimate of fair value was actually pretty close to what you said, at $10 a piece!
So I'm glad that other people out there are coming up to the same conclusion, but you've gotta keep in mind how much sentiment runs through these markets. The unexpected should be expected... or at least more than what we'd describe as a fair value or realistic percentage gains.
Reply
Kevbot68 subzero89
@subzero89, The value of XRP reflects based off of the volume of money moving through XRP, forex alone is being looked at with ripple and thats 6 trillion dollars moved daily. japan is considering utilizing XRP domestically and internationally, thats every day dollars moving through XRP daily. XRP will reflect how much money is maneuvered through it at anytime, including domestic payments, foreign exchange volume, international bank transfers daily, etc. In order for XRP to maneuver all of this money the token will be required to retain a value that can sustain that much daily volume.
Reply
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