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  2. That doesn't say much. Are you a day trader cashing out any wave or a bag holder never returning after cashing a one time huge sum. Please don't answer this one
  3. I like everything about it except that it is on a Chinese exchange. Not that I dislike Chinese - I don't, but the CCP will become a major issue in the coming years with its political and economic influence, both domestic and abroad. This could cause problems for foreigners using Chinese exchanges.
  4. I read it but didn't buy it I'm afraid. Too much wishful thinking
  5. LOL, you clearly never read what I posted a couple days ago. @xerxesramesepolybius There is a myriad of ways in which MM's, exchanges and others do NOT have to get paid by Ripple:
  6. Very sad, a ledger with limited smart contract ability may as well be on a centralised database
  7. Leonidas, any idea how much liquidity in the options market?
  8. The hash rate doesn't directly effect price but a lower hash causes longer block times so that the block reward, new 6.25 bitcoins, are not created every 10 minutes but could take as much as 100% longer. The difficulty is adjusted every 2016 blocks or approximately every 2 weeks so that an average of a 10 minute bock time is maintained.. https://www.blockchain.com/charts/median-confirmation-time So a lower block rate causes less new bitcoins providing upward pressure on the price. If miners have a stash of bitcoins they need to dump that would certainly drop the price but if they are not running a profitable operation they would most likely hoard their coins and wait to sell at a higher price or just shut off their operation. There are other factors to consider rather than pure economic ones when viewing hash rate. See this article. https://cointelegraph.com/news/china-strikes-down-10-of-global-btc-hashrate-who-will-pick-up-the-slack Overall though Hash rate can be viewed as investment in the bitcoin ecosystem and other than the volatility around the 4 year halving disruptions it has been in increasing.
  9. Here's a theory that fits the evidence better than any of the others propounded on this forum. The more volume goes through ODL the more Ripple has to pay everyone involved in XRP, which is immediately sold adding to the selling pressure on XRP. We know Ripple pays remittance firms on an on-going basis, we know they have paid exchanges and there is very good reason to believe they pay market makers. That is the whole cycle. Nobody seems to make money from ODL unless Ripple pays them.
  10. Bitcoin Total Fees Paid Grew +825% YTD, XRP Much Smaller Yet 3X More Output When comparing Bitcoin fees and transaction outputs, many tend to focus on the “average” metrics opposed to the macro picture. We take a look at Bitcoin total fees paid and total transaction counts compared to Ethereum and XRP. XRP continues to be the outlier, showing much smaller total fee growth, yet facilitating 3X more in total transaction counts compared to Bitcoin and Ethereum. https://www.visionary-finance.com/news/Bitcoin-Total-Fees-Paid-Grew-+825-YTD-XRP-Much-Smaller
  11. Yeah, reported volume is laughable. Cryptocompare shows a way more realistic volume. It's in line with the report from last year that showed that 95% of BTC volume is fake. Cryptocompare shows 190 million today. Crypto compare Top Tier shows just 150 million, which is much more in line with what Ripple itself shows on the site. (Ripple doesn't show coinbase btw, strangely hilarious) https://www.cryptocompare.com/coins/list/USD/1 https://xrpcharts.ripple.com/#/xrp-markets So, going from that, let's say 200 million actual global daily volume, ODL might be responsible for 20% of global volume during workdays, weekends only have 4 million ODL as far as I can tell, and I am not clear what CCTT's volume metric is in the weekend. There were no more datapoints on utility-scan when I started looking into it a little more in depth. LOL, yeah, 100% would be nice, but 70% is certainly doable with only 10 out of a possible 22k corridors actually being open. regards
  12. Right, but at the same time I assume that those miners are selling their btc to cover their loss? Thus the decline in price
  13. Isn't it because weak miners die out as as result of the halving? This is temporarily if so.
  14. Today
  15. I saw that the hash rate of btc is declining significantly, how will this affect the price?
  16. From a theoretical standpoint utility volume should be 100% of total volume for having no downwards pressure Significantly: 70% of total volume? That would be a very solid foundation and bring more upside. The volume could indeed be 35% higher than we think it is. But "35% of e.g. 1% of total volume" is still negligible. And if it's not and there doesn't seem to be upwards pressure that's not good either 1.6billion reported volume (I know it's difficult to know how valid these numbers are). How much $ value do we know of in ODL?
  17. https://www.xrparcade.com/news/xrp-options-trading-now-available-on-binance/
  18. I actually think we are heading lower on BTC. It depends on how much Tether they print per day though.
  19. https://azcoinnews.com/blockchain-com-and-hong-kong-based-exchange-gokumarket-now-lists-xrp.html
  20. https://azcoinnews.com/xrpl-labs-developed-the-banking-app-xumm-which-is-intended-to-be-an-alternative-to-the-traditional-bank-account.html
  21. 🤔 TBH, just another new member account talking of $2000 per unit, cartoon bears....... just screams “shit post/troll” don’t get me wrong 2000 is a great number but I’ll have cashed out 90% if it got close to $10 the rest could take a shit for me, I could close out now with a tidy profit but I’m greedy and that’s why I’m still here after it got over $3 if OP is genuine, I wish him success on his investment
  22. Hey All! So last night I tried out the Easy IOUs feature (https://xumm.community/easy-iou) rolled out by Xumm.Community and created my own IOU on the XRPL called Xontle (XTL) after the currency used by the Mayas (cocoa beans). As stated in the website perhaps this is the most straight forward way to create an IOU in the XRPL and I could confirm. It took me a little less than half hour and cost me 5 XRP service fee and another 10 XRP put in reserve to create trust lines.. I wrote about my experience with the service (not a how-to guide, as I think you need to read step by step carefully). https://coil.com/p/moncho/Back-to-Basics-Xontle-a-Cocoa-Inspired-Token-in-the-XRPL/DUKsP0N9X
  23. Price drop yesterday but did not mess up the Bollinger Bands too much. I think this drop won't too long. I am picking some more Bitcoin up here.
  24. 2000 reasons to hold XRP. $ 2000,- could be one of them for some of them, but thank you for this latest day dream. For a moment I felt human again.... anyway, back to work.... P.s. I saw Youtube vids recently stating XRP is designed for a 3 zero price valuation to move huge amounts of XRP on the ledger with enough liquidity. A whole lot of if's indeed. We have seen a price of $3 ones and not many could benefit from it in reality.
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