XRP is a Bubble!

I am a true crypto anarchist, and this is how I feel about XRP. It is inherently wrong to invest in ripple if you believe in the free market crypto currency is creating.

Ripple is a CENTRALIZED, GOVERNMENT backed coin. If you think that means you investment is safe, you are wrong. I love the blockchain because it has the potential to help us break from the chains the government has put us in and allow us to take control over our lives again, at least financially. Investing in XRP is like betting against Crypto Currency. Do you know who owns most of the Ripple in circulation? BANKS. Banks are taking our precious ethereum and bitcoin and giving us crapcoins in return.  Has anyone noticed the economic state of the U.S. at the moment? Our debt increases every moment, just check http://www.usdebtclock.org/. 

We are still recovering from a recession caused by greed in 2009...these business people also received a bailout from the government; even after the United States single handled took down the entire global economy. Most of these people should be in jail for duping and lying to people. I personally still know alot of people with underwater mortgages after they've had their house for ten years. If you did not loose your house during that recession, you surely were not left unscathed if you purchased in that market. Houses were selling easily for four times their value. EVERYONE was getting approved for money that didn’t even exist. That is why the global economic crisis started as a sub prime lending crisis, right here in the United States.

What does this have to do with XRP? Ripple gives bank the ability to lend ripple coins out to anyone...this quote was taken directly off the ripple website...

"Banks join RippleNet to process cross-border payments in real time with end-to-end tracking and certainty. Banks can expand payments offerings into new markets that are otherwise too difficult or expensive to reach."

How wonderful, a new batch of sub prime borrowers for banks to lend their ripple to. Yes, it is that easy to lend ANYONE ripple. What will all the ripple holders do when people cannot pay back their ripple loans? There is a very good chance this could happen. How often do you see people running away from their credit card bills, or claiming bankruptcy? Their is no way that ripple will not be vulnerable to tons of people defaulting on their loans. If this does happen, ripple holders will be stuck with holding useless bags of xrp. 

The sub-prime lending crisis was a true bubble and the government did not protect us from it. Our financial advisers, the government and other prestigious people call bitcoin and bubble, and still continue to do so even after Bitcoin has went as high as 19k. These people also use crypto currency to send money across borders constantly. People actually listen to the media and financial advisers blindly without doing their own research. Now that we have the technology to have control over our own money, we also have access to a wealth of knowledge via the internet. Use it and invest wisely! 

Protect yourself from the XRP bubble now and do not support this crypto!

Pump and Dump Groups are a Cancer to the Crypto Market

PnD's totally ruin a chart, it is very discouraging when a pump and dump will temporarily ruin the price and morale of a crypto. The amount of people blindly entering the market and joining pump groups is really remarkable. I believe that if pump and dumps continue it will cause more regulation to come into the market. As we saw this specific issue brought up at the SEC/CFTC meeting this month. 

People should learn before investing and should know better than to support pump and dumps, but they don't. People actually give their btc and ether to owners of pump and dump groups, and then after paying for pump and dump signals they also give them their buying power to make their pump and dumps even stronger. 

I think that exchanges should do more to minimize the pump and dumps. It is ruining the market and giving bad reputations to good cryptos. Although, if the coin is actually good it will eventually recover from a pump and dump, but my point is this recovery didn't have to happen if the coin never got pumped in the first place.

I wonder how many people when a coin is brought up to them the first thing they think is wow I am still holding a bag of that shit I bought at double it's value. Instead of...oh yeah the team behind that coin is really good, or the whitepapers are really solid, or the community behind that project is huge!

I do see pump and dumps having less and less power and time goes on. I believe people that have been victims of pump and dump groups are separated into three categories.

1.) Decide to buy and HODL more stable coins.

2.) PURCHASE a pump and dump group membership, which makes the problem worse.

 3.) My favorite, they decided to ditch pump and dumps all together and educate themselves on the market to make wiser investments in the future.

As time goes on and the market continues to cleanse itself, I think pump and dumps will have less and less influence on the market. If not I think pump and dumps will cause regulation to come into the market. We all know there are way to many people who cannot take responsibility for their actions and the more people that complain about pump and dumps, instead of educating themselves, regulation seems inevitable.

I run a telegram group and someone shared a LUN pump signal, I removed it immediately because these things are not allowed in my group. Regardless, I am a LUN holder so I watched the way this pump affected the chart...

I got in LUN a while ago, so it did not affect me. Although, with LUN's beta launching at the end of the month I have a target to sell some of my bags at 400k satoshis.

This signal from the altpump said to buy LUN at 310k satoshis, which right now is a crazy high price to buy LUN, LUN pumped to 334k satoshis. It did not pump that much which is why I believe pump and dumps are loosing their pumping power, regardless since this pump LUN declined to 270k sats...

Before this pump, LUN was bouncing up and down but going up more with each wave. Since the pump it has been mostly red candles with some green but the greens are much smaller than before the pump.

There are certainly other factors than create downtrends in a market, but PnD's should be an irrelevant factor.

I have decided to join a free pump and dump group, so if I am holding a coin that gets pumped I am at least aware and can sell it at the top of the pump.
If anyone sees a big green candle and really thinks it is going to keep pumping, it isn't. Please go read my article at crypto advisors on bear and bull markets to try and learn the difference between genuine price movements and pumps. Usually if a coin has alot of volume the price movement is genuine.

I hate to ditch coins that I believe in, but I think it is going to be for the best until some of these coins gain some more traction and stability. 

How to Feel Confident in Your Crypto Investments

The crypto market crashed pretty hard a few days ago, some coins crashed over 50% of their value. During this time many people panic sold, chances are if you are reading this you were not one of those people. You either held strong, or purchased more coin. I filled up quite a few bags this week very cheap that have almost doubled by now. I think a lot of people learned a very important lesson during this dip, and that is how extremely volatile this market can be. The market has also been crashing a lot recently because of FUD(fear, uncertainty, doubt). This FUD is usually spread by people saying that a government is going to ban bitcoin, or someone prestigious on TV saying that it is a bubble. Even if the government in another country tried to ban bitcoin, the techies would find a way around. Regulation will be put in place, but crypto will not go away unless the world ends.

People spread this FUD intentionally to put people in a panic and drive the price of Bitcoin and altcoins down so they can purchase cheaper. Or because they are dumb. It is very important that you do not let the FUD get to you, and in these times of fear you can feel confident and be the person purchasing at very low prices. Try to always keep a stash of btc to purchase with when the market crashes. This is very interesting and not something we are use to, if the American stock market crashed by 50% it would ruin lives all over the country. In crypto when coins crash by 50% everyone says BTFD!(Buy the f*cking dip)...and it is honestly great advice. If you are invested in solid coins they will recover. I will still give you some helpful tips to prevent loss moving forward.

There are steps I take when purchasing my crypto to become comfortable with my investment in cryptocurrency. First I educated myself on block chain technology. In short, block chain technology takes out the third party from our purchases. So instead of making a purchase through eBay or amazon, you can do it directly with the person you are buying from. It also gives us the opportunity to send money to anyone in the world very quickly and efficiently. In the United States this might not seem like a big deal, but if you look at block chain technology from a global perspective, it is going to change lives all over the globe. Block chain is a very deep and complex technology that I will explain further in another blog post. For now please refer to this diagram I made for an idea of how block chain works. Block chain can also be used for smart contracts and a myriad of other things. It is important to note that blockchain technology is still very much in it’s infancy, so there is still so much room for growth. So when you see Bitcoin crashing, rest assured that you are not only investing in Bitcoin, but you are also investing in one of the biggest industry changing tech since the internet, yes it is bigger than email.

Alice and Carl are on opposite sides of the country, do you see how blockchain makes the transfer of information and money so efficient and effective than ever before!

Having a thorough understanding of blockchain technology will give you more confidence in your investments. Another good way to gain confidence in your investments is to do research on the coins you are purchasing. Alot of people sell out of FUD, because they are uncertain and doubtful. This happens alot when you blindly take recommendations from other people, there is nothing wrong with taking recommendations from others, but you should still do your research before investing. If you have a winning hand you cannot lose. I personally take a few things into consideration when I decide I want to invest.

 1.) Market Cap and Community - These two factors will give you a good idea of how stable the coin is, if it has a high market cap that means there is alot of money invested into it. Alot of money means more people, a bigger community means more holders which means more stability.

2.) Development Team - If you know there is a good team behind your crypto, you know they are going to work and always try to make the product better. Be very careful with this one! The Dev team matters alot.

3.) Usefulness - Whether your coin is a proof of stake, or a proof of work, there has to be a use for it. Even better if it has an active use! Such as bitcoin which can be used to purchase certain goods and move money around the world, or Ethereum which is used to transfer smart contracts.

            Last but not least, when Bitcoin is acting uncanny, you can set a stop loss condition. Most people set this for 10% below their initial cost, I set it for 5% below my initial cost during unstable times in the market. So if I buy into reddcoin for 100 satoshis...I would set my stoploss to 95 satoshis or .00000095, and my sell order for .00000100. This way if your coin takes a drop and hits 95 satoshis, your sell order for 100 satoshis will immediately go into affect and you can repurchase cheaper. People often will set stop-loss for 10% lower because only setting 5% lower will have you selling alot of your coins before they have a chance to go into profit. Charts do naturally go up and down and a five percent drop from your initial investment is not a big deal and you coin will VERY likely recover. It is just an extra layer of protection. Here is a diagram on how to set stop loss on Bittrex. Not all exchanges have this feature! 

Blockchain is the future and it is not going away! So don’t ever sell in loss(unless you are an experienced day trader) and keep your btc stash to BTFD!

Welcome to Crypto Ladybug!

Hello Everyone, and welcome to my blog! I have been so busy in the crypto space writing and promoting for other companies I have not yet had time to focus on my blog. I wanted to grab the domain name and blogspace, so stay turned for more crypto awesomeness!