Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 10/19/2017 in all areas

  1. 41 points
    JimineyCricket

    HODL your XRP

    This generation has an allegiance to the moment and I have noticed that this applies particularly to Crypto speculators who masquerade as investors. I have been investing in shares for about 20 years and in some cases I have held onto stocks for a decade but I waited and waited and waited.... sometimes my investments turned to ashes but the majority of the time patience paid off. People forget that investing does not simply mean placing money into something... that is only a small part of the big picture. The bigger picture involves, waiting and a lot of it, it includes planning, patience, timing, counting the costs, hard work and a lot of balls. XRP is a real product to solve real problems and real problems need real solutions and real effective solutions need time: these problems are being addressed by Ripple are potentially worth at least $155 Trillion. With a market that spans across the globe and touches on different regulations, this is no small task that requires time and planning. I think the subdued nature of SWELL showed that Ripple is not a flyby team of scoundrels who make unrealistic claims in order to prop up XRP price. Of course this would make some very happy and leave the majority holding the bag. I'm in for the long run and I am hoping that there are more XRP Hodlers out there who can see the long term potential of XRP. For those of you who are hodlers you would have clued into some of the great news that came out of the conference. But for those who need to satisfy immediate needs there could be no news big enough to satisfy. What I got out of the conference was summed up by Brad Garlinghouse in the Q & A. 1. XRP is not an after thought, it is fundamental to Ripple long term goals 2. CEO is more interested in building long term value of XRP then short term gains, range of 3-5 years. 3. CEO has high expectations that XRP Rapid will be used and with increasing degree 4. Company can(has the funding) and will invest into XRP and ecosystem 5. Ripple from inception has wanted to increase global commerce and connect different ledgers eg alipay 6. Ripple is actively working on more exchanges to sell XRP to increase liquidity 7. XRP will be more liquid and price will increase will greater adoption and they are concentrating on driving demand for XRP 8. Escrow is 100% on track to be implemented by end of year. 9. Ripple is open to working with industry and competitors. This is antithetical to Bitcoin and other crypto philosophy 10. Ripple will drive the utility of XRP, leading to greater demand naturally causing XRP price to increase Refer to the following link; Note; one of the great news is with Bill Gates foundation, people did not understand the implications- Gates foundation is trying to bring money to poorer nations- nearly 3/4 of the world is in the sphere-this is worth trillions! on top of that Gates is head of Microsoft, you can make assumptions from here. If this Ripple was on the stock market I am certain that the price would be much more than 25c. The company has great management, good technology, great vision, large market size($155T), no debt, $15Billion, minimal competition, support of government and influential people, they work within laws and less chance of being outlawed like Bitcoin, it has partnered with over 100 major companies. In investment world this company ticks all the boxes and worth Hodling onto for the long term! In short I am HODLING and will buy more if ever the price drops further. If price goes up- great! if it goes down great for me. Either way I'm not worried because like Buffet said "The stock market is a device for transferring money from the impatient to the patient." Im going to be patient and be the recipient of the impatient mans money.
  2. 28 points
    Naki

    Patience pays off

    OK i followed here for a long time and i post a little but i thought i would share what happened for me while people are so negative. I use to work in the oilfield had a good job made good money but i spent every cent i made and was always broke. Come 2014 when the oil price crashed i started to get worried i would lose my job so i looked for something i could do to try and make some money in case that happened and i took a few grand i had and i put it in xrp after reading this forum and a lot of articles on it. I bought XRP at the time for 0.8 cents and about a week after i bought it it was worth 0.4 cents my friends laughed told me i was a idiot. Right after that happened i lost my job and had basically nothing but i took a minimum wage job enough to pay the bills and i held my xrp because everything i had studied and read told me that when it was going to go it would be big what they were doing was whole next level to the other coins. For 2 years Ripple did nothing we got good news after good news and it sat still almost always lower than what i bought at sometimes when it hit 1 cent i was tempted to sell telling myself a small profit is better than nothing. Through this whole time every night after work i studied trading watched the markets crypto and stock and read everything i could. Then this year happened overnight i made a lot of money more than i had ever had before and i held. When the drop started i held for a bit but at around 35 cents i started to sell because i really needed the money and i didnt want to lose it all i never sold all out though. With the money i made i bought different stocks i liked and branched into other cryptos but my largest holding by far is still xrp because no matter how much manipulation goes on the potential i still see for growth here is astronomical. Now all i see is complaints from guys who bought on the mad rush that happened have held for a few monthes and think ripple owes them something news flash they dont but you dont owe them anything either this is trading you lose its on you you win its on you you have no one to blame but yourself. Thanks to ripple i just do this for a living now and to be honest i do quite well i make more money than the rigs ever paid me and the mad rush for swell i made a fair amount on that to. But heres the difference i have spent years watching the markets and learning what i could i still make mistakes but they are fewer than my wins. If you want some advice on trading listen to no one learn it yourself if you want to day trade or short term trade because everyone else just will tell you what benefits there position. If you believe in ripple and dont want to spend 8 hours or more daily reading articles and watching charts to try and trade the volatility then stop looking at it leave it and there is a good chance you will come out very well in the long run holding .
  3. 10 points
    At face value, this news seems huge. Thoughts? 10/19/2017 CSBS Announces Fintech Advisory Panel Members https://www.csbs.org/news/press-releases/pr2017/Pages/10192017.aspx CSBS Fintech Industry Advisory Panel members: ACTIMIZE AFEX Affirm, Inc. Alipay US Amazon Payments, Inc. Avant BitPay, Inc. Circle Internet Financial, Inc. The Citizens Bank of Edmond Common Bond Enova International (NetCredit & CashNetUSA) Envestnet | Yodlee First Data Corporation Funding Circle USA, Inc. Green Dot Corp IOU Financial Intuit Kabbage LendingClub LendingHome LendUp, Inc. LibertyX Microsoft Payments OnDeck Capital LLC OneMain Financial Oportun, Inc. PayPal Remitly, Inc. Ripple Seed Servicio UniTeller, Inc. Social Finance, Inc./SoFi Lending Corp. Western Union
  4. 10 points
    Xrphunter

    Miguel Vias on Credit Suisse

    Watch his video from last week at Credit Suisse conf https://www.credit-suisse.com/pwp/ws/videobroadcast/?pid=9ceVakBGCElMdKCKL5I4T6_prgxnKHap
  5. 9 points
    This post concerns price prediction for XRP, but also -- taking a step back to provide a little perspective -- (price) prediction in general. I don't consider 'XRP to the moon!' or 'Bitcoin to USD 500,000!' to fall into the category of serious predictions. Requirements for prediction Predicting a price for XRP or any other crypto asset is a difficult task. Asking people here who may be more knowledgeable about the inner workings of Ripple (the company) or who may have been speculating in crypto for longer than oneself to make predictions for next month, next year, or several years out is something of enormous complexity that is, most likely, beyond pretty much anyone's level of skill to accomplish at this point in time. No one is immune from harboring a hope or hazarding a guess as to eventual valuations, but it is important to realize a guess is just that. Some guesses are based on better information, specific domain (banking) knowledge, and/or made from a more level-headed point of view, and thus are more educated. They are still guesses, however. Coming up with well-founded predictions hinges on at least two things: 1) availability of historical data and 2) an understanding of the relative importance of the factors involved in determining price and of their relationships. With both of these well in hand -- and if the underlying assumption described below holds -- we can take a shot at a price projection by building a predictive model. Without them, we are most likely back to 'XRP to the moon!' Obstacles to prediction What are some of the possible obstacles we may run into? As to #1, data may not be available for a long enough time period to help us discern trends, cyclic variations, seasonality, etc. It may also happen that we simply don't have enough data, we have little data that are reliable, or we completely lack trusted data sources. And what about data that may not have predictive value? We may have data with a lot of noise (extraneous factors we have a hard time detecting, or filtering even if detected) or that, coming from a variety of sources, requires extensive prepping to be usable. Data preparation, or data wrangling as it is sometimes called, may involve discarding information wholesale because parts of it are incomplete, or force us to do any number of interpolations, which detract from the data's exactitude. As to #2, not all important factors may be observable to us (ex. Ripple's possible partnership agreements in development and/or subject to NDAs), their relative importance may grow or wane over time, new/unforeseen factors may come into play (ex. SEC regulations), or we may be unable to assess how these factors interact and quantitatively influence price without designing fairly complex statistical experiments. If all of this is under control, so to speak, and we are reasonably confident in our grasp of the subject matter, we can proceed to build a model that may have a chance of formulating useful predictions. Basics of building models Predictive models are built in which current predictions account both for the additive effect of past values of variables and past predictions. These models are error-driven by the difference between previous 'wrong' predictions and previous actual values, with past data also weighed differently according to recency -- typically, more recent data are assumed to be more influential and older data are 'discounted' and incorporated into the model accordingly. Note, however, that including data from an earlier time period not resembling the current one will likely influence the model's prediction accuracy negatively. Many of these models work in real-time, meaning predictions are recalculated and the model is updated whenever new data come in (every minute, etc.) As a side note, 'real-time', commonly thought of as being on the order of milliseconds or nanoseconds, means nothing more than a time frame short enough to enable you to take a decision that can usefully act upon your system of interest. What this means is that, if things change once a day instead of every few minutes, there is no reason to measure and recalculate your model every second. As one looks increasingly ahead, the prediction horizon moves as well ('receding horizon' modeling.) In understanding and 'regressing' (finding/fitting) possible relationships between all influencing variables and the dependent/output variable (ex. price), much work is involved in gauging which among these factors may carry more weight and need to be included in the model and which can be safely ignored with a view to simplifying the model and making it less computationally intensive. Per Occam's razor, a simpler model that explains a situation 'well enough' for our purpose is preferred to a more complex one, and a good modeler must know not only what and how to model but also when diminishing returns set in and thus when to stop. A common caveat here is not to confuse correlation with causation, meaning not to jump to unwarranted conclusions about the information you think you understand and attribute non-existing properties to relationships. We should strive to see what's there, not just what we want to see that supports our biases. Human nature being what it is, this does not come easy to many. Limitations of models Many financial models of exceeding complexity have been built, with a large number being unsuccessful or only modestly successful. This is not necessarily due to lack of skill on the part of the modelers, but rather to the inherent complexity of the task, including 1) accounting properly for all important variables (many of which may be hidden/unobservable), and 2) being able to quantify/measure them accurately, both in an absolute sense as well as relative to one another. Once built, the range of validity of a model is another important aspect to consider. In our over-zealousness to draw conclusions that apply 'always', we often extrapolate conclusions beyond the realm of the model's credibility. Misapplication of models does happen, and is likely to happen more often the more a model is complex and appears as a 'black box' to the often naive end user. Simple models you can understand and explain, complex ones are beyond most people's reach. I include in the latter, for example, models based on neural nets, with 'reasoning paths' that are very hard to explain and therefore are not readily accepted in the lawsuit-prone medical diagnostics domain (vs. decision trees, which are more understandable, at least up to a point.) As someone said succinctly, you can usually torture data to the point where it will eventually confess and admit to anything you want or hope for, and it is only an understanding of the domain and modeling that can guide you here. These factors are all the more true when people are involved, and especially in an unregulated and sentiment-driven environment such as crypto, with allegiance to specific 'coins' and disdain for others bordering on fanaticism. Even stocks and bonds, which are heavily regulated and long established, pose a formidable challenge to successful prediction. Typically, mathematical models are built to handle 'steady state' situations, but cannot deal with 'transients' nearly as well or at all. Transients are sudden changes that eventually die out but reflect the fact that the system being looked at is moving from one situation or set of operating conditions to another (ex. ICO period to 5 years post-ICO.) The more stable and under control a situation is, the easier it may be to make a prediction. This, by the way, is true not only for finance but also in science and engineering. Interestingly, the more a model is good at tracking, the worse it usually is at detecting/predicting unforeseen changes. And 'unforeseen' is the key word. I always remember Peter Lynch, the successful (and very hard working) Fidelity Magellan fund manager, stating ruefully and not with little irony that 'earnings surprise' were the two words most often heard together in that setting, despite all of his and his staff's poring virtually 24x7 over financial reports, traveling extensively to talk to managers and do tire-kicking and look under hoods at company plants, etc. Consider also that these assessments and attempts at forecasting concerned established companies, within well developed and understood markets, and with years of widely available and endlessly dissected information. I should also add that there is no shortage of commercial models/tools that are retrofitted to past data and made to look as if they are near-infallible for marketing purposes, yet when applied to new data they fall abysmally short of inflated expectations. One consequence of 'over-fitting' is typically the lack of ability of a model to generalize to different situations. This is an interesting rabbit hole to explore, but I will leave it at that for now. Underlying assumptions I mentioned steady state and transients. The implicit assumption underlying prediction efforts -- and it is a huge one, ignored at one's own peril -- is that the future has a fairly close relationship to the past and present in terms of the operating environment, influencing factors, etc. I repeat, the future is assumed to be not too different from the present or the historical past. Another word for this is 'stability'. So, one may well want to ask oneself the following: How stable is the crypto environment? Is this an incremental change or a disruptive sea change we are living? Do I have abundant data, and do I know these data to be accurate and consistent across time periods? Do the data have predictive value, or is the price of any crypto asset, including XRP, a 'random walk' and therefore not useful for arriving at future prices? How confident am I that, looking at the past history of XRP prices and other information at my disposal, I can come up with something (a model or series of quantitative relationships based on the data available to me) from which I can reasonably predict what its price is likely to be 6 months from now? Is a future value prediction even a reasonable thing to attempt, or is a broad range of value the best I can hope for? Do I understand what's at play here as far as factors influencing price movement? Can I even tell how much of XRP's price movement is due to Ripple/XRP exclusively and how much to Bitcoin-specific developments? How much is there that I simply don't know? (impossible to know, by definition, but always good to ponder.) Do I understand what Ripple's value proposition is, and do I believe it will be more/less/equally interesting to FIs three years from now? How competitive is the playing field for use cases other than cross-border payments? Would I have known 2 years ago or 1 year ago where XRP's price would be today if I had applied my current reasoning to the situation then? Could well-thought-of Ripple employees have done any better with more information available to them? Can I readily quantify the potential impact on price of something quantitatively known well in advance, such as the coming escrow/lockup? If not, what are my chances of being successful with 'information' that is far more uncertain? Also, will it rain tomorrow at 10 am? Even here, weather predictions coming out of complex models are of the type '50% chance of rain' whereas we would like to know 'yes in the late morning, no in mid-afternoon', not quite the same thing. Reasonable expectations I have known CEOs and CFOs who wanted an analysis to yield 'a number' that would be an accurate prediction of some future value. They acted as if we lived in a certain world. Because we do not, it is often better to come up with an estimate of a range of values, each with a different probability of occurrence. This is because there is so much uncertainty as to what matters and how it may evolve that 'a range' is literally the best one can aim for. Claiming the ability to do otherwise would be naive and/or dishonest. Even using Monte Carlo simulation of thousands or tens of thousands of combinatorial scenarios as a means of dealing with uncertainty in relevant factors requires a level of knowledge about the data being used and the interrelationship of variables at play. Uncertainty in the inputs translates to uncertainty in the output (prediction) if you incorporate it in the model, and into a poor prediction if you don't. It is best not to ignore uncertainties, and try to identify them and act to reduce their impact instead (ex. increase the information content of the model.) Models can also be developed to be robust in the face of uncertainty, which is a complete field of research unto itself. No doubt companies such as BlackRock, GS, Fidelity, and others wading into this space will be deploying their best resources to grow the business of crypto prediction, most likely via machine learning. Massive computing resources are being and will be thrown at the task of semi-automatically building very complex predictive models. And they'll still get things wrong a fair amount of the time, despite the terabytes of data at their disposal. Regardless of the domain, it is generally easier to make predictions 'in the aggregate' about a sector or a group (of stocks, bonds, hospital patients, real estate in a specific neighborhood, and perhaps a subset of crypto assets) than it is to do so about a single individual or instance in that domain. We might be able to predict that the crypto space, as it relates to the top 50 assets, will likely 'be up' in market cap a year from now far more easily than 'by how many' dollars or cents a single asset will climb or fall in the coming week. This, of course, may disappoint those who demand or pretend to know where XRP's price will be tomorrow at 5 pm. Parting thoughts Expecting other speculators on these forums -- or Ripple's CEO, for that matter -- to come up with a number that may fairly accurately reflect XRP's value (or that of any other budding crypto project, as I am loath to call most of these initiatives 'coins') at some near future date is a fool's errand, so to speak (no offense meant.) I understand the dreams, the concerns, the impatience, and all the rest, but awareness is needed as to the complexity of what is being asked. And no one here needs to feel bad if they can't come up with a proper prediction, given all the unknowns and the fast-changing environment in which we in crypto are immersed. In my view, a sensible approach is the following: as long as our research about the company, competitors, partnerships, upcoming regulations, and so on presents convincing arguments to our reasoning and supports our expectations for a better future (qualitatively, not quantitatively), consider staying involved. When the quantitative panorama clears and our grasp of the situation improves, decide whether and how much to invest. Whenever data cease to inform, or if we are unable to establish anything with certainty, stop and reconsider. Disclaimer: I am not a financial adviser and nothing in this post, or other posts by me, constitutes financial advice. I leave you with four pithy quotes that have stood the test of time, as uttered by people well known in the world of logic, finance, the business of investing, and the area of model building/forecasting for their (un)common sense as well as their skill: On modeling: All models are wrong. Some are useful. On forecasting: If you are going to forecast, forecast often. Again, on forecasting: A forecast tells you more about the person making it than it does about the future. On overly complex explanations: When you hear hoof-beats, think horses, not zebras. Food for thought? I hope I didn't put too many here to sleep with this and that at least a few among you found it somewhat useful. It is not a complete picture, but it highlights a few aspects worth reflecting upon. Best wishes to all with Ripple and XRP.
  6. 9 points
    Eric123

    what next

    I hope not.
  7. 9 points
    cmbartley

    HODL your XRP

    The way that Brad spoke about Amex and Visa was VERY different than the way he spoke about Swift and Coinbase...
  8. 9 points
    My final thought on Swell is that there is a lot of work to do on the PR/Marketing side. I won’t repeat the mistakes and truly stakeholder mismanagement here, but the sales department and IT/ tech deserves better than this. Brad better hire a quality spin doctor. And although I’m tired of posters shouting “moon” and “ lambo” , I’m also irritated by statements and questions like” are you in for the long haul or just for short term profit?” and ; “ they don’t owe us anything” . Even worse “ it’s not about XRP” . Why should actions with a positive effect on the short term exclude benefits on the long term? And vice versa. They can never combine, really? Me going to the gym has positive effects on both short and long term. I don’t owe my neighbours anything, not formally, not otherwise. But that doesn’t keep me from being nice to them once in a while. We’re both stakeholders in the same street we live in. We are the real first movers in XRP, having it bought at a higher price than futur clients. Is it to much to ask to look closer after our interests and handle it with care? Ripple don’t owe us anything in formal sense, but a better job in managing our expectations could have been done. Our interests are the same; a higher price of XRP ( like Joel Katz stated that is also for the best of Ripple). During Swell explicit statements have been made by clients (“ there’s no need for XRP”) as well as by Ripple that I never heard or read before. And I really did my homework!! Been reading for months now. So why these negative disclosures on a conference I believed to be intended as a promotion of Ripple, XRP, blockchain etc, for short and long term? To cut a long story short: Swell wasn’t mindblowing for me at all, disappointed in the amateurism of the PR aspects of it. We, investors, this top notch tech company, her employes and this first class product deserve better.
  9. 9 points
    Alluvial

    My concluding thoughts on Swell

    I am really surprised there were no significant announcements because Garlinghouse said that there would be in response to a Quora question. He literally said in writing that "Yes" there would be "significant announcements" made "during SWELL," but he was not able to "let the cat out of the bag" at the time of the Quora question and answer. This is incredibly inexcusable. The CEO represents that there will be significant announcements and then there are none. Amazing. The only thing that could partially justify this is that Ripple had partnership announcements to make and then the partners wanted out or asked Ripple to hold off. But don't make that representation unless you're 100% sure about it. I hope that partners are not backing out as Miguel also promised the disclosure of significant partnerships in Q3 that would be directly related to XRP. Essentially nothing but crickets. I am a huge Ripple fan, but I am embarrassed for the team. The entire hype leading up to SWELL with 3 2 1 and a day between each one was so overplayed looking back. SWELL was going to be "mind-blowing." I am really disgusted by this hype and the bogus representations made. It's fine if you're going to do, but then back it up. I would much prefer Ripple just make the announcements when they are ready instead of bullsh*tting. The words that come to my mind when thinking about SWELL and the lead up to it are: inexcusable, unprofessional and laughable. (And I am a big fan of the underlying protocol and concept). Really wishing that Chris Larsen was back and controlling the reins.
  10. 8 points
    Another week, another shakeout of all the weak hands... I ask you?...Which other crypto has their own confrence? Sibos would have limited Ripple severely...they had no option BUT to go for the jugular. Remember Vitalik wanted to work at Ripple before he founded ethereum! Bill Gates giving his approval for Ripple- WOW! The father of the interner Sir Tim Brenner's Lee also did the same-UNBELIEVABLE!!! ......AND.........the price dropped....lol...you know what they say about dumb money.... As brad referenced to in his Q and A session- institutional investors will be coming in on mass eventually.. Happy Hodling! https://themarketmogul.com/ripple-internet-money/
  11. 8 points
    CSBS Announces Fintech Advisory Panel Members Industry Input Essential for Vision 2020 Modernization Initiative Washington, D.C. – Today the Conference of State Bank Supervisors (CSBS) announced that 33 financial technology companies have agreed to serve on the CSBS Fintech Industry Advisory Panel. The panel brings together state regulators and industry leaders, who will identify ways to help modernize the state regulatory system. https://www.csbs.org/news/press-releases/pr2017/Pages/10192017.aspx
  12. 8 points
    Yepp. I was really encouraged by the video with Miguel at Credit Suisse where the woman (don't remember her name. She was managing GBTC I think...) said that she had been sitting down in front of a lot of law enforcement, regulators, and politicians, and she was feeling more comfortable that nobody wanted to ruin the innovation. Really made me feel good, actually. This is exactly the kind of thing we need. The market and institutions flat out need regulatory clarity before any real money can pour in. It's as simple as that. The sooner the better (without sacrificing quality of course).
  13. 8 points
    Alluvial

    My concluding thoughts on Swell

    I've been called a lot of things in my life, but never a sooky lala. There's always a first. And am I wrong that you are complaining about my name-calling and in the very same breath name-calling me? I guess I'm just a guy on Westworld, and you are the great Khaleesi..... So your suggestion is to only focus on the positive; just be a Ripple cheerleader and fanboy. No thanks, you can do that if you want to. I believe the people on this forum have the right to complain about the company if they want to, as long as they back up their points. Your suggestion to only focus on the positive is the type of groupthink that will make the forum weaker, not stronger. If you just want to read the positive comments, you can simply skip over the critical ones. And you also apparently believe that only those who have managed multi billion dollar companies have the right to criticize. This is wrong. Based on that premise, almost no one could criticize world leaders because they haven't been world leaders. Get real. There wouldn't be much of a forum if that were the standard. And believe me, my posts are not designed to garner empathy, but to voice my frustration and disagreement with the way Ripple's management handled the lead up and hype of this SWELL conference. I'm pretty sure the forum rules allow me and others to do this. If you want to say something positive about SWELL go ahead and do it, and please stop whining about the posts of others.
  14. 8 points
    It is also strong confirmation that R3 is still tinkering along while Ripple is killing it! The face that they are now openly working with hyperledger is also huge! I’m surprised there was no major press release: https://www.hyperledger.org/blog/2017/10/16/hyperledger-gets-cozy-with-quilt This further confirms my constant assertion that the whole world is moving to instant payments and Ripple is the underlying platform for all of it. Find me one Payments related blockchain application working with Banks or Payment companies that is anything more than one hope away from Ripple!!! Ripple is the ONLY enterprise ready solution, as stated repeatedly. Every project ties to real-time Payments and settlement and XRP is the ONLY solution that will bring this to a reality. What people fail to realize is that banks don’t need to adopt Ripple. Oracle, Earthport, TES, TAS Group, CME, Cambridge global Payments, Ingenico, Bluezelle, IBM... and on and on and on. Banks don’t need XRP when they are working with all of these service providers who will use XRP. Banks don’t need to move on XRP when Broadridge, DTCC, Euroclear, CTS are all moving to adopt crypto for clearing and settlement. Many more as well (SBI just acquired 40% in one looking for approval). THESE COVER TRILLIONS OF DOLLARS IN CLEARING AND SETTLEMENT AND HAVE ALL EXPRESSED INTEREST IN CRYPTO AND HAVE TIES TO RIPPLE... They will do all the clearing and settling, they already do! Trillions a day!
  15. 8 points
    Alluvial

    My concluding thoughts on Swell

    Yes, but the problem is that the hype behind the "significant announcements" was so "significant." I thought the negative reaction to the 3 2 1 was generally unfair to Ripple because the hints clearly suggested a conference of some type, and not the lead up to an announcement on day 0. However, the words "mind-blowing" for SWELL suggested something big. So nothing big on day 0 - lift off, ok, fine, but something mind-blowing in October. Then Garlinghouse pumps up the hype to incredible levels by stating that there will significant announcements at SWELL but he can't let the cat out of the bag at that time. The community is on pins and needles wondering "what are these significant announcements going to be?" Then basically zero. I think my response and frustration is due largely to the fact that I don't like liars. Although one could make a half-hearted argument that I and others simply misunderstood the hype and statements made, I think you could more easily make the argument that it was a lie, or at least much closer to the latter. I have been holding since 2014, and other than selling some to cover my initial investment plus some, I am holding and do not plan to sell any of my xrps for a long time. I just want better execution by Ripple's management.
  16. 7 points
    Let_her_Ripple

    Q3 2017 XRP Markets Report

    https://ripple.com/insights/q3-2017-xrp-markets-report/ Here it is!
  17. 7 points
    AmsterdamHooligans

    New member

    Hi Guys, After reading almost every day for the last 2 months, I decided to make an account and participate on this forum. Since I value my privacy a lot, I can only tell you guys I am from Amsterdam (the Netherlands). I have almost 10K ripple now and planning to buy more. No focus on day trading, I am here for the long run. Would love to participate in different topics. See ya guys!
  18. 7 points
    Tripple

    Q3 2017 XRP Markets Report

    Concise and encouraging report. XRP is a healthy, long-wave, asset that is moving in the right direction at a more-than-acceptable pace. The fact that it's unable to keep pace with some individuals' moon-shot expectations is of absolutely no concern to the eventual growth of the asset. These little fish will have a declining influence on the price of XRP as we begin to see higher trade volumes. I know a rake of people are crying their eyes out that SWELL didn't make them millions... Cry me a river; it was an industry conference. The only error here on Ripple's part was to bother pandering to investors' insatiable hopes by streaming the event live in the first place.
  19. 7 points
    kanaas

    Q3 2017 XRP Markets Report

    I would rather say that it's Ripple investors/holders making hype. Not Ripple. Even the 3,2,1 announcement I would not see as hype creation on XRP, rather a creative ask for attention on Ripple products and Ripple's new conference. I never red, straight from Ripple, XRP related bold statements. But I do often read them here from board members
  20. 7 points
    lucky

    Miguel Vias on Credit Suisse

    Ok I'm going to say it. @miguel watch your body language. You hang in that chair like you own the place and waiting for people to leave you alone. Noticed this before at concensus talk with monero fluffpony. I am certain this is unintentional, but this way you come across as arrogant and uninterested.Also not good for the spine! Sit up more straight. I hope you don't mind me saying this. In Holland we say this will cost you "gunfactor".
  21. 7 points
    An impatient investors be like...
  22. 7 points
    Alluvial

    My concluding thoughts on Swell

    Agreed Khaleesi. I think we all may be a little on edge as a result of SWELL (at least I am), and my hope is that Ripple will do better in the future (and hopefully the private meetings will lead to the announcements that many of us thought would be disclosed over the past three days). I agree that Garlinghouse tried to salvage something with the Q&A, and he did attempt to answer many of the top questions that community members have had. Yes, let us move forward as friends. I wish you a good night.
  23. 7 points
    GiddyUp

    Miguel Vias on Credit Suisse

    Thanks so much, Xrphunter, this was a great discussion! So many important points made here, I wish I had a transcript so I could speak to them all... I liked the point Catherine Wood made about how the US regulators don't want to stand in the way of the US taking leadership in this arena, and are working quickly to address the environment which will allow this technology to flourish. Miguel made so many excellent points, and spoke to the need for custodial security, which is paramount, and how insurance entities are examining ways to implement custodial security (think FDIC). He also makes the case for XRP in a way that I think most of us would like to hear more often in public Anyone who feels let down from Swell should take the time to watch this, you''ll feel a LOT better
  24. 6 points
    edit: link fixed second edit: Yikes, now actually fixed! third edit: make that 3. The site kept giving the wrong share link. YouTube it is.
  25. 6 points
    TplusZero

    Vision 2020 for the #XRP community

    Let's discuss!
  26. 6 points
    lucky

    Miguel Vias on Credit Suisse

    Sure. But he's not sitting in his own stripclub, but a discussion panel.
  27. 5 points
    ravintolx

    SWELL dilution of XRP??

    After seeing everyone pretty mad about the "price drop" of XRP, I decided to see it from a different perspective and boy it is potentially huge. Just last night I read a comment from @JoelKatz regarding XRP which read “Any time the amount of XRP held by Ripple goes down, there is some dilution of XRP. If Ripple is releasing XRP in a way that doesn't produce direct revenue for Ripple, it would be because we believe the upside (in growing the network and incentivizing adoption) exceeds the downside (in dilution). Of course you can disagree with our calculations." Seems like everyone is disagreeing about SWELL being a success but I tend to differ. You see, SWELL was not an event directed to the small investors community but of something bigger which are the financial institutions who can benefit from Ripple's technology and also from its native asset $XRP. If we analyse the volume being sold/bought during SWELL you can see it was pretty huge and I'm positive that Ripple acquired the attention of various players in the financial sector enough for them to invest modest quantities to test out the ILP and XRP. Having said this and taking in consideration David's words, it's likely Ripple made some partnerships which will be announced during the next months and involve decent amounts of XRP sold. The escrow lockup hasn't been officially announced since they still are selling out XRP from their own stash. They still have 2 months to give out XRP for partnerships and I assume with the escrow-lockup announcement it will also have to re-estate how much XRP they're holding at the time of lockup. If you are still skeptical I suggest you to read the definition of stock dilution here: http://www.investopedia.com/terms/d/dilution.asp Ripple is the major XRP holder and whenever they sell part of their XRP, the price obviously goes down as more XRP goes out in circulation. What do you think about this theory? If you'd like to discuss it more I'm always available here or through twitter @R_Penacastro
  28. 5 points
    "Today we announce that we ran [..] a payment through XRP and xRapid - the product that we have - that uses liquidity on bitstamp and bitso. And when we ran the pilot initially, we were getting much better rates going in MXN, because bitcoin was rallying". From 20:45 on https://www.credit-suisse.com/pwp/ws/videobroadcast/?pid=9ceVakBGCElMdKCKL5I4T6_prgxnKHap Would explain the picture, making rounds on twitter. No details as to what are the underlying mechanics of this. Who needs details, right? Leaving this down, in case they will be answered some day: Did they have MMs holding xrp/fiat on exchanges to enter/exit trades? Did they send XRP between exchanges to process the payment (might explain high xrp payment volume). If yes, how did they manage to force exchanges to credit deposit/withdrawals in prompt matter. How long (in seconds) did it take to settle this payment. Does this mean that Escrow Create/Cancel is no longer the only way ILP interacts with RCL And finally, why on Earth this was not mentioned during a dedicated panel on Swell?
  29. 5 points
    Duke67

    XRPchat has 8,000 members!

    Welcome everyone new here and congrats to @karlos and other staff members on this milestone! New members are registering here at ever increasing rate and that's very BULLISH. XRP is going mainstream, because of quality of the original idea and the professional level of execution. No bitcoin maximalist, no altcoin pump & dump speculator can do much about it. Welcome again! We have been waiting for you.
  30. 5 points
    This is why the market spiked today and it's meaningful. From the Q3 Update on Insights: "During the fourth quarter, we’ll also continue to expand our xRapid partnerships. Our long-term goal is, and has always been, usage of XRP as a bridge asset into more and more corridors, and partnerships are key to achieving this goal. Our Cuallix announcement was a clear indication of significant progress, but it’s just the beginning. In the fourth quarter, we’ll announce additional xRapid partnerships, an innovative approach to using XRP to further Ripple Network adoption, and new ways XRP will drive broad development of the digital asset space." Time to get in the ship now.
  31. 5 points
    Naki

    Patience pays off

    Quite simply it was market growth it was not anything that was announced. Everyday ripple did more and nothing mattered all it came down to was more big investors coming in to crypto. Look at the time XRP boomed and look at all other cryptos around the same time all saw massive jumps of 1100% or more XRP saw bigger than most because what they had done made it a better investment than most. Market growth is expected to be 10 times this next year and xrp this year has again brought out better news that most other cryptos. There will be ups and downs and right now the market is all manipulation but as it grows many will fall and the ones that actually have a lasting impact will boom again
  32. 5 points
    girlygirl

    Patience pays off

    Thank you for sharing your story! I got in around .15 and have continued to buy each month...as of now I believe my average cost is .20. I don’t really care what it is...I’m here long term! I hoping this will help with retirement. I have about 13 years left to work. I have researched lots and lots of coins...sure I could put it into Bitcoin but I don’t want huge swings...I want slow and steady. Maybe that’s crazy... i believe in XRP...we still have the Escrow lock up and going live all this year! Slow and steady...I will get there like you one day soon!
  33. 5 points
    Nilfmonkey

    Hey Brad...

    Dear Mr. Zerpr, This is Brad. Your passionate letter has inspired me to reveal myself. I will take your words into consideration and present your post at our next board meeting. Kind Regards, Brad
  34. 5 points
    will4star

    My concluding thoughts on Swell

    I 100% completely agree. He must absolutely resign. But not for another 15-20 years when he's made Ripple the most successful fintech in the history in the world. Until then...
  35. 5 points
    Stop freaking out and selling your XRP! The price will go up and everybody selling the bottom will miss the boat. Adrian Hope-Bailie even states in this interview that he is bullish on the future price of XRP. ILP uses XRP as a liquidity token. Here is the interview. Pass it on if you like. @Hodor
  36. 5 points
    Khaleesi

    My concluding thoughts on Swell

    Wish you the same..
  37. 5 points
  38. 4 points
  39. 4 points
    Folks, lets look forward to further announcements as these other "CUSTOMERS" (plural) go live. How close are we to XRP being adopted by the banks? Brad Garlinghouse Brad Garlinghouse, CEO of Ripple Answered Oct 3 · Featured on HuffPost and 2 more Some of our customers are already in the early stages of using xRapid, Ripple’s XRP liquidity solution. Payments into emerging markets can require multiple currency traders (added costs) and pre-funded local currency accounts in the destination (trapped, dormant capital). Instead, payment providers and banks can use XRP to fund these payments on demand, without intermediaries, at a cost that is less than half of the current cost. But it’s safe to say that we have to crawl before we walk before we run. This is uncharted territory for banks and payment providers and it’s going to take time before you see broad adoption of digital assets solving this multi-trillion dollar opportunity. Suffice it to say, we are very pleased by the interest from various pilots our customers are already running. https://www.quora.com/session/Brad-Garlinghouse/1
  40. 4 points
    SEB said they loved the messaging service provided by Ripple but because XRP doesn’t have enough liquidity she says no need for XRP at the moment. This doesn’t mean that SEB won’t use the XRP rails once liquidity is present.
  41. 4 points
    This thread seems to be attracting nothing but teenage angst and sedition amongst forum members. Locking down
  42. 4 points
    JoelKatz

    My concluding thoughts on Swell

    Ripple is just a user of XRP, not an issuer. Ripple received its XRP in exchange for stock and other consideration. XRP existed before Ripple, the company, did. Those who issued the token (Arthur, Chris, and Jed) created Ripple. If that doesn't count as discharging that responsibility, I don't know what does. Ripple is now controlled by its Board of Directors. Given the time at which this happened and the uncertain legal framework at the time, this was pretty much the only way to do things.
  43. 4 points
    kanaas

    Q3 2017 XRP Markets Report

    That's indeed still peanuts, but I've kinda gut feeling that we're on a turning point where institutional money might come poring in. JK also spoke about a turning point in adoption... 5 years is a very long time in this tech. Knowing Ripple is only around a bit more than five years it's amazing where they stand today.... If they go on at this pace... you might be surprised...
  44. 4 points
    will4star

    My concluding thoughts on Swell

    Seconded. By looking into at the camera like that he was addressing us directly and, I think, showing that he is aware of our concerns. Brad isn't stupid. I think we should let him do his job. From Ripple's perspective I think SWELL was a resounding success. For me, I especially liked the Q&A (I feel justified in being annoyed by lack of audio - the actual content was great, richer than what we've heard before in others) and Don Tapscott's bit.
  45. 4 points
    Ripple-Stiltskin

    Hakuna matata

    Just couldn’t resist to post this
  46. 4 points
  47. 4 points
    Mercury

    My concluding thoughts on Swell

    Please keep it polite and constructive everyone
  48. 4 points
    JoelKatz

    Decentralization Strategy Update

    We're going to transition to using validator manifests at the same time. This will improve validator key management significantly and also make it much easier to recover a possibly failed validator.
  49. 4 points
    Thanks for the link and quote @Kakoyla For those that don’t know: Orders of magnitude refer to exponential growth typically to the power of ten. Griffin says order(s), so let’s assume the minimum of (Current mkt cap^2) - everyone is grasping for the answer to “how high can XRP go?” Do the math. $800bn / 100bn = $8 (if this happens while the lock up is in escrow it’s $800bn / 40bn = $20) They know what they’re doing. Let them continue the work and be thankful you have a chance to profit from something like this without having invented it yourself.
  50. 4 points
    Ripplemania posted a topic in New Members: First time XRP buyer. Convince me to invest in more. Well that didn't last long....
×
×
  • Create New...