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  2. Your only looking at it from one direction. Marketcap isn't total BS, you still need a percentage of it to maintain a certain price. Yoou can "debunk" it all you want. But reality, like when the bubble burst in 2017 says otherwise. As soon as your wall breaks at a certain price, the price will fall. You don't have a certain % of the market cap to buy up sell orders, your price goes down. At $3.85, about 13% that was bought became available for sale. The needed money wasn't there, so it fell. As price goes up, that percentage usually becomes higher. Even if only 15% who bought at 30 cents wanted to sell at $50, you still need 15x the money or more than the original buyers had. This is why theories like Shane Ellis Theory are total nonsense and why it is hard to push the price up so much. You can have a massive FOMO, but it will dump right back down. The chart Julian Williams showed is much more reasonable than predicting prices of $50 or whatever The growth phases and as the graphs show a $3 trillion Crypto market in 10 years is very achieveable. Hoping for a sudden rocket rise that is maintained is not.
  3. We may be popular, but we’ll never be as popular as football.
  4. Today
  5. Nice find! I know he had some distributed computing patents, but I wasn't aware that any were filed as early as 1988. That surprises me.
  6. Excellent points I like reading a good counter to my own thoughts. I’ll have to agree with you it would be odd to the public eye if that were to happen
  7. Is there a way to access ALV last price using an api excel query ?
  8. The bit I quoted was from the linked source JannaOneTrick put up downloaded from the IMF website. I don't read this stuff, just borrow bits that catch my eye and dump them back on line. Janna seems to be a serious asset to the forum. I think no one really knows what to predict because we are really in uncharted territory with huge volume being generated from public arriving via social media sources and buying on their Iphones rather than through the stock brokers. Crypto might be as disruptive to the stockmarket ways of working as they will be on Banks. (Just the hunch of an outsider looking in)
  9. We need to up our game everyone! A petition asking Congress to get involved in a ruling dispute at a high school football game has over 5 times the signatures as the Token Taxonomy Act petition. You can change this by going to: http://chng.it/Hk7SLLSSZk and 1) Signing the petition 2) Using the handy buttons to share on Facebook, email your friends, and tweet to your Twitter followers 3) Copy/paste this message to your favorite crypto forums Don't let crypto get beaten by a bunch of high school kids!
  10. @Julian_Williams, That Blockchain Business Value Forecast document sure looks interesting. I googled it and found it costs $1,299.00 Thats some pricey knowledge you’ve acquired; good on ya! Seeing Gartner’s forecast I realized that my thought of how I perceived XRP would rise in value matches what they forecast for the business value. It’s only these last few days since seeing your post that I’ve realized that XRP’s value could be a bit of a roller coaster ride following Gartner’s cyclical growth trajectory. Makes sense as I’ve already been on one part of the roller coaster ride. This flat part of the track is a bit boring. Been good for packing the bags a little better. You and @JannaOneTrick have been putting out some great education lately. My perspective on the possible future has been getting brighter.
  11. Yesterday
  12. Why not provide the IMF with a free integration package?
  13. Yeah. Easier for me to buy a loaf of bread now for $1 or pay $10 for the same loaf 10 years from now.. But then when people realize that with XRP there is no constant de-valuation and I can buy the same loaf of bread for 2 xrp today or 0.02 xrp 10 years from now.. I might think twice and go through the effort of registering on a Crypto exchange and keeping an XRP wallet ...which by the way is not that onerous.. in fact I can do all that from the comfort of my home..just upload my KYC info and at most 1 day later, I'm done.
  14. i just downloaded the app, but do not have tip bot set up yet. I’m going to set that up tonight, and I will gladly accept payment via xrp at my business. (however, personally, at this point in time, I would never pay anyone else via xrp, I’d rather hold on to my personal stash, but if someone wants to give up theirs, I’ll accept it for sure!) I use QuickBooks for merchant services right now, It’d be nice if there was a plug in to accept crypto from there! When I email invoices, I can only accept cc or bank transfer online right now.
  15. Some very good points here about market cap, which really are logical when you think about it. What is also very interesting is the argument works both up and down, and goes to explaining Dec 2017. Firstly, if the price went to $5 in the next minute, not everybody can cash out at $5 per Zerp. The market suddenly gets flooded with sell orders, which needs an equal amount of willing buyers to sustain the price. The price is $5, but I don't want to wait around in the queue for my buyer, so I sell at $4.99. You don't fancy waiting either, and undercut me at $4.98... and down we go. Where it get very interesting, and where Dec 2017 give us clues, is the way up. The days where the price went crazy was because loads of people were trying to buy, almost willing to pay any price and the supply was tiny. The exchanges were closed to new business, and who wants to sell theirs in an rising market.. so the want to be buyers were left squabbling around trying to outbid each other for the ones available for purchase. Imagine if you will a scenario where big banks hold stacks we can't even imagine. They are not selling, as they use it in their ecosystems (ie, R3 Corda). Ripple still have locked in Escrow billions, so new bank has to tempt the retail buyers to sell their zerps in order to do their business. BOA etc would not be able to liquidate their stacks without huge slippage, but us retail customers with tiny (by comparison) stacks could find they could almost name their own price.
  16. I agree, but crypto will perhaps behave differently from traditional stocks. The size of the stock market, inflows and outflows, are pretty constant because the people investing are a very well defined class that know their buying limitations. Crypto does not just get funds from the stock markets, funds also arrive from a global market of every person that owns a mobile with a wallet. As the price rises perhaps doubling every week, millions, perhaps billions of mobile phone users from countries as different as Kenya to Canada will learn of this bonanza from the media and join the crypto fever. In 2017 they were stopped from joining by the arcane methods of registering and buying on esoteric exchanges that did not have the resources to keep the bonfire blazing. So the flames were doused before all but a fraction of the potential buyer had entered the market. The next bull run will be higher and longer and involve perhaps 10 times more people, but perhaps the crash will be worse because more innocents will have been dragged into the market and over extended their savings accounts. I expect the crash will come back to a higher low and be stabilised by institutional money... and then a new cycle will begin. Utility will eventually stabilise the market. This is how the IMF think the market will behave
  17. What you are describing is accurate. What you are missing is that the same effect takes place many times over as the price ascends to those heights, and with each iteration it shakes out the bag holders and reduces the amount of asset that can be obtained by newcomers. Almost no one currently on this forum will be around if xrp ever gets to 200 (much less to 5000) because they all will have sold long ago. If xrp were to go to 5000 tomorrow then there is no way in hell it could hold that level as everyone would dump. If it were to get there gradually then it would be an altogether different predicament. BTC couldn't hold 20k level because it got there too quickly. The subsequent drop has shaken off some of the bag holders, with the new round of investors entering at 4k and getting much less bitcoin for their money. Next time BTC gets to 20k it will punch through because 1) big bag holders have already dumped, 2) new bag holders have much smaller bags, and 3) new bag holders need a much higher price to realize their desired profits. This is market cycle at work, and it applies to xrp as it does to btc.
  18. To be clear: nothing and nobody can stop you from doing it. But other servers will quickly start treating your validation public key as belonging to a Byzantine or malicious validator.
  19. For a business, physical cash is always the preferred way.
  20. $10,000/xrp? I dont understand why he is not buying all xrp in the market... There are some pretty big mouths out there. I'll sell him mine at $5/xrp, he will still 2000x the buy price.
  21. But not all people who bought at 30 cents will sell at $ 50. There are many that sold at $ 1 already and some will wait because they expect it to rise to $ 75 soon. What @automatic posted really holds, maybe read it again carefully. Marketcap is BS. It’s no indicator for possible or impossible price levels. The market cap myth has been debunked so many times on this forum that I think this myth has reached it’s maximum forum cap already.
  22. The point for me is that I'd rather have it out there and working/testing/improving than not have it out there. May not be the end all be all, but it shows progression on all fronts, not just in supply chain, forex, remittance, and banking. Those things we know about. One never knows what starts a viral fire/awareness anyway.
  23. You are forgetting the reality that people will want to cash out when if you to thousands of dollars. No one has that much money to absorb they sell order so the market equallibrium will never been that high in price. Remember, you can't buy XRP with XRP. You have to buy it with Bitcoin and ultimately Cash. Market cap does serve a function, whether people want to admit it or not here. You have to have a certain percentage of the available in cash or Bitcoin to absorb the sell orders in order to maintain that price. If you don't have that, the price will inevitably fall, just like when the last bubble burst. When you have a sudden rise in price, someone has to buy up the orders on the exchange. At some point, the buyers will run out of money. The supply of XRP is going to stay constant so people wanting to keep the price at $50 will have to absorb all the sell orders at $50, and they will have to buy the same amount that is being sold from people who bought XRP at 30 cents and are selling now, meaning they have to have almost 200 times the money that the originally buyers had to absorb the sell orders. If they don't have the money(which is almost a definite no), they the price can't go that high.
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