I love momentum stocks and though the whole market in general is on fire, lumen has had consistent momentum since mid September! Now I added some when I sold off some XRP the other day, and I added more this morning after we pushed through the top of wave 3. We could easily see a 200-300% return from here before pulling back for the start of wave V.
Lumen competes with ripple and I love this space, and there is plenty of room for both. Now they do not have the powerhouse "wall-street" board that Ripple does, but they are far from shabby by any means. A former executive from square and looks like half the MIT graduating class of 2013. Keep in mind many times it is not the first to market that succeeds, its the second or third. Case in point, Apple' MSFT' and Amazon'.
So what separates Stellar from Ripple? They are loaded up with MIT', and after watching the interview with the expert from MIT' on CNBC, and hearing about how MIT tested of IOTA's code, I was sold on MIT being a leader in this space from an educational standpoint. But Ripple has been marketing hard and getting banks on board at an alarming rate. Over 100 at this point, and they recently added American Express. Ok sounds like I am making a case for ripple, but.... well I am! Emotions aside the market clearly favors ripple, but will ripple outperform in the long term? I'm not so sure and here's why!
I will not get into the software side of things as I really have no clue on which code is better and quite frankly better does not always mean more profitable. What got me interested was Stellar's partnership with IBM, but what really got my attention was their partnership with Deloitte. Now many of you new to investing probably never even heard of this company. This company has been around since the industrial revolution! Since the civil war quite frankly. They one of the largest international companies providing accounting, tax and consulting services world wide probably did work for JP' Morgan himself! But "partner" means nothing UNTIL.... I looked on their website under blockchain initiative and there it was STELLAR! BOOM!
So while Ripple is fishing with a rod-reel, Stellar is casting nets! IBM' has a huge reach into fortune 500 companies as well and I do not want to discount that, but Deloitte is huge! I know everyone hates big blue, but they have a great foundation of blue-chips companies they serve.
Excuse me why I buy more Stellar!
Bottom line. If there is room for Samsung and Apple' there is room for Ripple and Stellar. Why guess which one will be the next Amazon, own both.
Now keep in mind we sold 1/3 of our position in Ripple on the previous run and with that we have bought an equal amount of XLM', and had enough money left over for dinner last night. This is why investors outperform traders in the long term. We are into both for less than 10 cents a share!
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Appears that we are approaching the target level after a nice strong move last night. I am not selling or trying to short here but will be looking to add if we get a significant pullback. Could go the way of XRP and head higher non-stop.
As xlm is following xrp. You can also see xlm’s chart looks exact like xrp’s chart early this year. Both small pump to 0.05, some consolidation, and massive pump following. In some way i have the feeling history repeats here and xlm’s rally will end at the same point xrp’s did last may. So top at 40 cents. Im looking this point very closely, because it will maybe be the end of the massive bullmarket we are experiencing now. Followed by some profit taking. I love to hear your idea about this @goldbug1
goldbug1
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@RensBruin, agreed! we are getting to a level where swing traders will start taking profits, but these may quickly be bought up as new money is flowing in at an astronomical rate at this point.
CapeofStorms
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Hi @goldbug1 thanks for all of your great insights and through postings. Could we have an update of XLM? I am looking to build a position once this correction has played itself out. What are the new levels?
@Konran_Taisa, Becuase they all having trading pairs of USD. If you want BTC to XLM youre looking at the wrong chart
Konran_Taisa
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@cryptodl7, Could you tell me where can I trade XLM for USD?
hanift
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@Konran_Taisa, the exchange used on this chart is bittrex. What you need to do is transfer BTC to bittrex, then buy Tether USD (this is the alt coin tied to USD). With Tether USD you can then buy any coin you want and it is essentially the same as buying that coin with USD. I am not sure if Bitstamp trades XLM but if it does then you can just wire money to your account there and buy it straight out with out needing to convert BTC to Tether USD.
With that said, please be aware that as long as BTC is bullish you are probably losing money pairing a coin with fiat currency. You would be better off just buying BTC as your returns will probably be better than it would be with other coins.