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Showing content with the highest reputation on 11/27/2017 in all areas

  1. 46 points
    nikb

    A dose of REALITY

    XRP is at the core of and integral to what Ripple does. The strategy simply isn’t to force people to use it, but rather to make it a disadvantage for them not to use it.
  2. 13 points
    The interviewer is mocking Jeff besos for being uncommon and a differentiator but his small mindedness proved to be so wrong. If you have the time it's a good watch
  3. 13 points
    At this point in time, and perhaps continuing into the near future, it can be a bit gut-wrenching to see the powerful spikes in value of Bitcoin and other Alt-coins while XRP seems to be making relatively modest gains in the same time period. This feeling of frustration is compounded when you consider the surge of positive, real-world news that Ripple has received over the past month, compared to very little news concerning the other Alt-coins. It seems to make absolutely no sense whatsoever, and a lot of people debate whether to jump ship at times like this in order to not miss out on the short-term profits elsewhere. To those people, I say, "the best of luck to you, and I truly hope it works out." Even I have put some money into other cryptocurrencies recently to capitalize on this success. Indeed, I think the whole cryptocurrency world is going to continue to balloon in the next few years. But lets be clear about something. XRP has a very good chance of seeing a massive value increase in the relatively near future. I have said since I joined this forum that I am in it for the long haul. I meant it. If you cannot see what I am seeing, then I'm sorry. But it is plain as day to me. I see Ripple as a dynamo. Their people are unequaled in this space. Their technology is better than all contenders. They have secured a staggering number of significant partnerships, even at this early stage in the game. They are perfectly suited for their use-case, and their use-case has almost unfathomable potential. Don't be discouraged for a second. Ripple is already making amazing progress by getting banks to use their software, but more importantly to us, they are establishing the Ripple network of banks which will act as the highway for the usage of XRP. Don't think banks will ever be interested in using XRP? I'm sorry, but you're simply wrong. There will be nothing stopping them from doing so. Read the following Quora post from @JoelKatz: https://www.quora.com/Considering-that-the-banks-dont-use-XRP-coins-for-their-transactions-how-can-the-XRP-price-go-high-even-if-the-banks-adopt-the-Ripple-platform Speculative investment money will not stop, and will continue to pump into the crypto world more and more in the coming years. If you invest in other Alt-coins, you have a good chance of making money, even if by accident. But get ready. Soon, not only will banks and financial institutions be snatching up XRP, but so will market makers, corporates, BIG CORPORATES, and yes, more and more massive hordes of speculators. Feel very, very lucky to have a chance to buy XRP at $0.25 or below. Trust in the inevitable explosive rise of XRP value.
  4. 12 points
    Just sharing some of the latest reports from SBI. This should make for some good announcements in the next 3 to 6 months and kick off 2018 in style. http://www.sbigroup.co.jp/english/investors/library/annualreport/pdf/2017ar_e-all.pdf A quote from the above report: Also, http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/171026presentations.pdf
  5. 9 points
    Logchain

    A dose of REALITY

    Companies don't need to use email for information, they have postal mail. They don't need to use radio or social media for advertising, they have billboards. We don't need to use airplanes, we have ships to get across the ocean. Cars when we have trains. Cell phones when we have land lines........ The fact is they don't need to at all. There is very little anyone HAS to do, it mostly by choice. Thankfully efficiency and innovation are to motivators that drive many of those choices. XRP doesn't have to be used but when it starts to, and it will, then the rest will follow. Things tend to flow along the path of least resistance, XRP is all about reducing friction and resistance. The current created by Ripple/XRP is only growing stronger and stronger and it wont be long until it is to strong to swim against.
  6. 9 points
    Tinyaccount

    A dose of REALITY

    Yep like all FUD this starts with the proposition: "Now tell me Henry apart from getting you from A to B what possible use is this Car thingy?" You start by saying that you will ignore the two things that make the use case..... brilliant.
  7. 9 points
    Trickery

    A dose of REALITY

    Oh dear... another one who fails to see the big picture.
  8. 8 points
    Coretex

    A dose of REALITY

    These last several days / weeks have been frustrating, aye? Watching the rest of the major cryptos rise in value while XRP is sitting comfortably below 0.25. The fact that you cracked is nothing to be ashamed of.
  9. 8 points
    zerper

    What I See Right Now...

    Hello all. I've been lurking this forum since the beginning of the year, registered this account back in June but haven't actually used it until now. Would just like to share some of my thoughts on XRP and the crypto market as a whole. Note I do not claim to be an expert investor in any way. Firstly, I think we're in a mania phase. The rise we're seeing in Bitcoin IMO is unsustainable. I liken in to the .com bubble. Business insider released an article the other day which pointed out that although the overall "market cap" of the crypto world is much smaller than the tech bubble, the ROI's have been substantially higher. And for what? Bitcoin is slow, unscalable, has exorbitant fees and hardly any utility. It's too complicated for the average user/investor, yet it's price continues to soar. The only real use I've seen for Bitcoin is convincing the next guy that it's worth more than you paid for it. On to XRP: There is an actual, explicit use case. It has a real, tangible business behind it with 200 employees. It has worked with the (monetary) system that we all participate in and understand. It has partnerships with some of the most recognizable names in the financial sector. This is just a few of the things XRP has going for it and without delving into others we can already point out that there is NO other crypto that can make these claims. I know it can be disheartening to watch other cryptos "moon" while XRP appears stagnant and I'd be lying if I said I haven't felt some disappointment or even envy myself. But all I need to do is remind myself of the aforementioned facts. I think the crypto world as a whole is going to be in for a big shock in short order as this unprecedented growth does a complete reversal. But I also understand that ~60% of XRP is traded in fiat, which means XRP is less susceptible to BTC price movements and more likely to hold it's ground/recover from the impending crash. Short and sweet of it: I firmly believe we've bet on the right horse.
  10. 7 points
    RegalChicken

    Hot Market Makes Me Nervous

    Things are a bit too frothy right now. "be fearful when others are greedy" and "buy when there's blood in the streets". The BTC surge this fall has me nervous a bit. I still think long term it is going way way up, but the general sentiment from everyone is that it "can't fail". That makes me nervous.
  11. 6 points
    DarthTrader

    A dose of REALITY

    @smokeyjefferson8467 It's always good to be sceptic and all the points you're worry aren't wrong but there are some other views. This forum is made to share it. Maybe an good link for you
  12. 5 points
    XRPeteSampras

    A dose of REALITY

    Is that the typing equivalence of a Freudian slip?
  13. 5 points
    TplusZero

    SBI Ripple Asia various initiatives

    I‘m relatively sure they expect it to be live FY 2017, which means fiscal year. And the fiscal year 2017 of SBI ends 31Mar 2018. This will be one of the most exciting milestones for Ripple/XRP, in my view. Can‘t wait!
  14. 5 points
    https://ibsintelligence.com/cointed-partners-tas-group-launch-prepaid-cryptocurrency-card/ They implemented a Ripple Driver as part of their interbank Payments hub in 2014!
  15. 5 points
    Problem with XRP is that Ripple has tried so hard to make it a b2b only product, that is inclusive only to financial institutes and large organisations. Looking at the volume of the top 50 coins over the last week, it is very disappoint to see so many projects with very little chance of success generating more volume & interest, IMO the difference is the companies are actively engaged in and providing a sense of community. Ripple IMO wants the benefits of having a community, without giving back to that community (for a company with 200+ employees in this space, having 3-4 regular amazing employees contributing to a platform such as xrpchat, shows where we sit in the companies quest to dominate this space, we consider ourself lucky getting tweets). Having almost zero community initiatives (unlike back in the days of the world community grid) is again very disappointing. I don't expect nor do I want to see attempts at pumping the price by dangling a carrot, what would be really cool would be to see Ripple offer competitions or initiatives with some of the 60% of xrp they hold, that can help drive alternative developments to the platform and alternative uses Such as: Hackathon's Development contests (interledger, xrpledger, codius ect) Donations for developing educational content (documentation ect) .... insert other cool ideas here By next year we will have the escrow of 55Billion take place and 1 billion become available to the market every month (although it wont all be sold) imagine if even 1 million of that XRP (250k) was made available to creative ways to drive community contribution, with those xrp placed in escrow and delivered quarterly......
  16. 5 points
    Whats with the honda? This is a perfectly good car. Lol
  17. 5 points
    I think I've seen a post about triangles about every week with same suggestions but nothing comes of it. Sure hope you're right though.
  18. 4 points
    ZX81_1k

    November 2013 all over again

    Does anyone else think that what's happening with cryptos (XRP included) is a re-run of November 2013. Back then it was fuelled mostly by the fear of missing out with bitcoin surging towards $1000. If you remember it you'll recall similar sensationalist news reports, interest from your non-techy friends and family and, of-course, followed closely by commentary talking of bubbles and tulip-mania. The difference being that this time bitcoin (and alts) have a degree of respectability in terms of the proven technology, government regulation and big investment from financial institutions. Combine that with the ease of purchasing crypto these days which can be bought by someone with no tech knowledge as easily as 1-Click on Amazon and I don't think this bubble is going to pop any time soon. With any luck it'll carry XRP up with it and being relatively less volatile than many other cryptos it could be the place to move profit to when the bitcoin correction finally happens.
  19. 4 points
    Tinyaccount

    A dose of REALITY

    Respect dude. Nah.... it is FUD if he says "now forgetting about Nostro/Vostro and Liquidity sourcing" before going on to mention "Banks are not using XRP now". (paraphrasing) He is probably not a FUDDER but what he is saying is standard FUD. He is probably legitimately asking and pointing out his concerns, but the things he is ignoring are some of the very reasons for the utility of XRP. And if he has read anything on this forum it is a thousand times explained why those are not the issues that FUDDERS would have you believe. Read anything written by JoelKatz or Hodor and every point he raises are comprehensively examined mitigating any of those particular fears. I'm not saying XRP rising is a certainty but these particular objections are not valid and have been endlessly dealt with previously.
  20. 4 points
    Internethobo

    A dose of REALITY

    LOL. Facts you say.... So please provide me the link where he said that there will be big announcements for the swell conference? Your emotions twisted anything he said to make you think that there was going to be a big announcement. If we need to consider the facts for "to the moon" then you need to consider FACTS for your skepticism. So, please enlighten me with facts: 1) What percent increase in value has XRP obtained in the past year? a) Once you get the math right, please tell where where else you can get that return 2) Please tell me how much global M2 is out there a) once you get the math right, please tell me how much of that M2 is transferred cross border on a daily basis b ) once you get that math right, please tell me if only 1 ripple partner (of the 100+) decided to use XRP, how much volume they with do in one day c) once you get that math right, please tell me at what price XRP will need to be at to handle that M2 daily volume (at the current XRP circulating supply)
  21. 4 points
    Nymdok

    A dose of REALITY

    A freudian slip is when you say on thing and mean your mother.
  22. 4 points
    Sebastian

    A dose of REALITY

    Banks can make instant payments via RippleNet, but they cannot settle instantly without XRP. If Ripple's strategy is as flawed as so many mistakenly believe, why has IBM copied their playbook by partnering with Stellar and XLM? Ripple and XRP are a long game: https://public.tableau.com/profile/sebastian8319#!/vizhome/RipplesInternetofValue/RipplesInternetofValue
  23. 4 points
    iLeeT

    A dose of REALITY

    So how would they settle, care to explain? Also, costs for having nostro/vostro accounts are nothing, eh?
  24. 4 points
    Internethobo

    A dose of REALITY

    I've posted this response before in other threads and felt the need to post it here as well...... If you do not think XRP will succeed, then leave the forum, no need to make these posts on this forum. If you don't believe in XRP then just sell it all and buy a different coin. Brad is being honest, how is that bad? I would rather have a truthful Brad than a Brad who lies just to pump XRP (falsely).
  25. 4 points
    https://www.medianama.com/2017/11/223-axis-bank-blockchain-ripple/
  26. 4 points
    will4star

    2nd Open Message To Ripple Labs

    =D I can assure you there is. If unsure, you'll see it on a map next to a small place called 'Germany' - you may have heard about it in ancient history books. There has been. Several times. But they're usually in interviews or conf. videos so you'll have to watch a few of those to catch it -- no bad thing though, you might learn something else new. Like the existence of Austria
  27. 4 points
    Thanks XRPete! VERY well-said "If you cannot see what I am seeing, then I'm sorry. But it is plain as day to me. I see Ripple as a dynamo. Their people are unequaled in this space. Their technology is better than all contenders. They have secured a staggering number of significant partnerships, even at this early stage in the game. They are perfectly suited for their use-case, and their use-case has almost unfathomable potential."
  28. 3 points
    Hi all, here comes a long time lurker in this forum (I know, I know, three months does feel like a life time in crypto). You can see my huge contribution to this community from my magnificent number of posts. Anyway, this recent hot topic "A dose of reality" from @smokeyjefferson8467 gives me an idea. After I've invested in XRP I've seen some pretty crazy FUDs around it. Some of them did keep me up at night, and I'm sure there will be more genius FUDs that make me lose my hair over them in the future. The reasons I've kept my position for so long (for a crypto rookie) are A, I see solid fundamentals on Ripple's and XRP's future and B, I'm too lazy to trade. That being said, I think it would be a good idea to create a post that gathers the FUD points I've experienced so far, and Ripple's measures targeting them. This is good for two things: First, it might help some new comers with their doubts on a certain level, at least gives them a pointer for their own research; Second, this is me thinking out loud, to give myself and (if any) other sophomore investors some psychological cushion. This would seems dumb one day if Ripple really messes up on their vision for XRP (which I doubt they would, but you never know), but if this post produces any positive sentiment to it's reader, then my purpose of writing is fulfilled. Of course if you guys have things to add you're welcome to leave a post for me to update, and any mistakes pointed out will be happily corrected. I live in Europe at the moment so it might took some time for me to update. With all the murmuring finished, let this list begin. Heads up: For a more rigorous and precise FUD buster please see the forum FAQ post: https://www.xrpchat.com/faq (Thanks to the forum administrator @karlos) 1. FUD: Ripple and XRP are scams! -------- Ripple's measure: Already has established formal business collaborations with over 100 Financial Institutions since its foundation. 2. FUD: Ripple only want to promote their network, they don't care about XRP price -------- Ripple's measure: Making XRP selling one of their major revenue models. 3. FUD: There are too many XRP supply for the market to appreciate higher token value -------- Ripple's measures: Targeting XRP for the biggest market they can find (the cross border transaction market) and strategically locking up XRP supply in Escrows. 4. FUD: FIs would use RippleNet only, they would never touch XRP -------- Ripple's measure: Making XRP the most optimal asset in terms of liquidity, scalability and cost saving in the RippleNet, thus gives its users a competitive advantage over those who don't use it. 5. FUD: Ripple and XRP are centralized, they have massive XRP stock and could manipulate price whenever and however they can -------- Ripple's measures: Promoting the RippleNet nodes like no tomorrow ("Holiday, schmoliday!" -- Mr. Brad Garlinghouse) to make it more decentralized, and with their every effort, coding the RippleNet into the most transparent blockchain network for public inspections. (Correction: RippleNet is not the public blockchain, Ripple Consensus Ledger/XRP Ledger (RCL/XRPL) is. Thanks for the correction @Sukrim @TplusZero) 6. FUD: Swell was a non-event, it brought no massive announcements -------- Ripple's measure: Actually this is not about Ripple's measure. It depends on your point of view. For an outsider of crypto, a "mainstream investor", when he hears about Bill Gates, one of the most brilliant businessmen this planet has ever seen, nod on an collaboration with a 5-year-old startup, which would potentially change the way third-world people move their money , he would probably think "Wow, way to go this startup". For price speculators? "Meh". This list could go on and on for sure. In fact these are only the ones I've experienced within three months. Three months! Gosh these FUDsters are some non-stopping geniuses. During my write up, I was thinking this really clears things a lot, at least for myself. So if anyone else benefits from this post, it's added value. As stated before, any additional points and suggestions for correction are welcomed. I don't think I would create a lot of topics in the future (being used to observation and of course, laziness), so updating this post, if of any value, would be my small contribution to this helpful community .
  29. 3 points
    Hodlezerper

    A dose of REALITY

    Just a thought regarding the progression of these consistent posts... Maybe the community and humanity at large would do better with a consistent and infinitely patient explanation in light of the current realities. It takes just as much energy giving an answer to the question than it does going back and forth about the validity of the question. If we can become warriors of the truth, our jobs will get easier. Remember, forums provide answers for many many more people than just the person who started the topic. Imagine a persistent wave of truth without frustration or ego permeating into the curious minds of future holders. Every time a post descends into commentary about fud we muddy the truth.
  30. 3 points
    Internethobo

    A dose of REALITY

    @eksarpi I'm going to make it pretty easy for you since you and the OP don't understand money supply..... If you have ever started a company, you would know that you need a plan for future expansion. Ripple created 100 Billion XRP for future expansion and usage for the WHOLE WORLD. Not to mention to cover the destruction of XRP from transactions. So let's just simply start with the US dollar. There is $11 Trillion M2 supply out there and lets say (for ease of understanding) that all of the 100 Billion XRP is in circulation and no destruction happens. At what value does XRP need to be priced at to cover that $11 Trillion? I'll help you out, it is $110 per XRP. So now factor in the total GLOBAL CURRENCY and XRP destruction. Do you now see why there is a need for so much availability!!??
  31. 3 points
    cuber

    A dose of REALITY

    This topic's becoming something like you read on the Ripple section on butthurttalk
  32. 3 points
    Internethobo

    A dose of REALITY

    I'm sorry, but someone does not open a discussion about real issues by insulting the users of this forum of needing a "Dose of reality" or state that they are ignoring facts. An intellectual conversation starts with a question, not insults. Furthermore, the OP has shown that he has little understanding of how the global money supply operates, the problem that Ripple is trying to solve, and Ripple's game plan. Before insulting the users of this forum, the OP needs to understand those items.
  33. 3 points
    XRPeteSampras

    A dose of REALITY

    Don't be angry, @smokeyjefferson8467. You are correct that you have every right to express a contrary viewpoint to those who cry "Moon!" But let's not categorize most fans of Ripple and investors in XRP as equivalent to conspiracy theorists. I too am on pins and needles hoping that there is a mass adoption of XRP usage in the coming years, and I have put up a lot of personal money on those hopes. But perhaps "hope" is not the right word, because I think there is sound logic in the decision. The more banks that become part of the Ripple network, the better I feel about XRP being used by them in the near future. A very impressive number of banks are coming on board to use Ripple's technology, and we are unarguably at the very early stages of the company's life. When the corridors, even just a few of them, are solidly established, and when XRP liquidity is adequate, there really would be nothing stopping them from using XRP. The choice will be crystal clear, as the banks will get nothing but positives for making that decision: Faster settlement, no need for Nostro/Vostro, and remember about them being able to take advantage of the acceleration program, which is no small thing. I know you're not trying to spread FUD. You are just as concerned as I am about XRP ultimately being used. But everyone needs to remember that it is still early and logic tells us that once the highways are established, the banks will undoubtedly be driving cars on them, not horses-and-buggies.
  34. 3 points
    goodfellashxm

    A dose of REALITY

    When did we ever hear "ripple to the moon" 24/7? I'd actually like to hear that more often...honestly I think with the sentiment of some recent posts maybe it's better to change the forum's name to "XRP FUDclub" [emoji48]
  35. 3 points
    Trickery

    A dose of REALITY

    The key word here is "CURRENTLY"
  36. 3 points
    AlexCobb

    A dose of REALITY

    The bank can use xrp for more liquidity among currency pairs, xrp also makes the transaction cost even cheaper. Joelkatz even said himself that xrp will come into play later, other Ripple employees even said xrp is part of the strategy for adoption, please leave the forums and sell your xrp and buy into bitcoin, because bitcoin is definitely gonna be used by banks!!!!!!!!!!!
  37. 3 points
    cuber

    November 2013 all over again

    Batcoin? NO! Bootcoin? NO! Botcoin? NO! Beetcoin? NO! Bitcoin? FFS NO!........Oh wait.........
  38. 3 points
    Someone has to be holding this price down. Its the only thing that makes sense now. I've rejected this thought for a long time but now its just too obvious when now XRP breaks its 90% correlation with ETH as well. Too bizarre now and somebody makin a lot of money off a lot of others tears right now because no professional trader can make any sense of it, its pure luck if you make money on this. Might be able to follow prices for half a day and then you get burned waiting for that .20 cents again but BTC goes nuts and it makes it look like it hasn't raised at all in fact makes it look like its going down, yet ETH goes up though without XRP this time. Makes 0 sense after what we've seen this past month or two. Although these patterns seem to change about that often. I will definitely HODL but trying to make sense of the XRP price right now is complete nonsense. One of the biggest hurdles when it .40 was will anyone use it? And here we are with it being used by Cuallix and in the pipeline for Amex and we still can't crack .25 cents. Its mind boggling and flies in the face of how all other legit crypto projects get traded (not at all talking about the pump and dumps, legit coins only) that XRP is breaking all those patterns for some bizarre movement I can't even understand for the life of me
  39. 3 points
    https://financefeeds.com/gmo-coin-add-ripple-offering/ and the orginal message https://news.coin.z.com/2017/11/417/
  40. 3 points
    Eric123

    November 2013 all over again

    @Badger The space has matured considerably since 2013. The network for BTC has grown immensely as well as has the investment in the space. In 2013 BTC was like the invention of the car prior to the existence of drive-able roads. Now several avenues have been opened, however we are still very early in the beginning stages. Hardly anyone knows about this, still and it certainly isn't a bubble, it may be something else but it is not a bubble. Buying crypto is still not easy. You have to jump through a lot of hoops to get it. Someone with no tech knowledge can absolutely NOT buy crypto. And honestly most of the money in this country is in the hands of people that have no tech knowledge. The over 60 crowd are mainly tech illiterate compared to the under 25 crowd and the over 60 crowd has 95% of the money. I had to help a 70 year old buy a mattress on Sears.com the other day, cause they couldn't figure it out.
  41. 3 points
    Santander UK’s DLT-enabled P2P wallet– an international payments app– allows the bank’s UK staff to access a quicker and more transparent way to move money from the UK to Europe and the United States. The wallet is powered by Earthport using Ripple technology. https://www.earthport.com/wp-content/uploads/2015/08/EP-July2017-FY17-Year-End.pdf .
  42. 3 points
    I believe you have been here to promote XLM all this time.
  43. 3 points
    Brad has stated he regards xrp as a strategic asset for acquisitions. Its most likely uses are to purchase companies with expertise/ip Ripple doesn't have time to develop in house, to acquire or encourage companies that add value to the Ripple ecosystem, and to buy out emerging competitors (pay not to play) Ripple's most likely exit strategy is going public, not merger. If it wants xrp to be the standard, any major purchaser - a bank, a google, a visa - would be a threat to its competitors, driving them to a competing solution. Going public unlocks the value for shareholders without undermining xrps purpose. It is worth thinking about what - exactly - would be listed. I can't imagine software sales and maintenance is as profitable as holding a massive wodge of the new global digital asset. Ripples real future value maybe as a/the liquidity provider at the heart of the network its has essentially gifted to the world. It is the planets largest owner of xrp and is likely to remain so. Maybe this is what xPool is, the service that will become Ripples core business. Or maybe not. If the strategy is to spend or give away it's xrp in the process of building its network/ecosystem, what would the long term valuation or growth trajectory of Ripple look like? What would ripples business be? Just brainstorming... if Ripple listed, what would you expect to see as the basis of its business? A passive hodler of its remaining stash of xrp? You know, in hindsight, the single most important bit of information for determining xrps value is knowing the exit strategy of ripples shareholders...
  44. 3 points
    I think you're partially right about your third point. I think I reacted because what he said was so foolish, or he is pushing an agenda that hurts cryptocurrency. First, he is taking small snapshot of XRP's performance. I think we need to make it known that in 2017 XRP outperformed bitcoin. The point that he is making so inarticulately, that XRP is a shitcoin because of its performance spreads an inaccuracy that hurts XRP, and his own investment. I think I should have been a little more clear. His tweet essentially hurts his own investment. The point Peter Brandt seems to miss is that he is not investing in bitcoin. He is investing in a new asset class, of which bitcoin happens to be the highest profile crytpocurrency. People who own bitcoin should be hoping cryptocurrency wins recognition as a legit asset class. With stability and performance that encourages non-crypto investors, and the institutional investors to begin investing. Tweets like his discourage mass adoption and institutional investment because he seems to suggest that one of the top players in the cryptocurrency space (XRP) is a "scam" or "shitcoin". He perpetuates the perception by some non-investors that they need to be wary of the cryptocurrency space, or avoid it altogether. I was trying to point out that XRP is not a tulip bulb. If XRP is a tulip bulb, bitcoin is also a tulip bulb of another color. This characterization just isn't true and doesn't help anybody.
  45. 3 points
    This will NEVER get old !
  46. 3 points
    XRPledger

    What I See Right Now...

    My two cents... I generally agree there will be a substantial correction, but I think what is really happening is that bitcoin is simply the gateway for this new investment vehicle. How many people even understand crypto beyond bitcoin at this point? Huge money is funneling in through bitcoin, but as people learn more about the space, this ‘bubble’ of funds parked in bitcoin will dissipate into better cryptos. This the most logical outcome and only high quality cryptos will benefit from this effect after the bubble bursts. Sure, some funds will permanently exit the space, but much more will stay and move to better coins.
  47. 3 points
    Dont worry, if nothing happens you can just extend the triangle a little bit in Microsoft Paint
  48. 3 points
    Nymdok

    Institutional Investors

    Yes, I understand. If you mean speculative investors, like you and I, there isnt enough of us holding enough XRP Value to really make a difference. The LARGE investors have absolutley NO reason to dump. Ripple has no reason to dump. Look at it this way. Say, we as SpecInv own 38B ripple. When the FIs come in, they will by ripple and we will sell it (at a handsome profit I hope!). The price will rise until people are willing to part with their XRP. Then that FI now owns the XRPs they wanted at a price they wanted to pay. The Spec Investors are out, the FIs are in and the XRP has changed hands. Boom. Done. Lather rinse repeat for each FI that wants XRP to solve their problems. One comes in, looks to buy XRP and sets a Buy price, SpecInvestors find a price they simply cant pass up and sell. Keep in mind that this is NO different from the SpecInvestor to Specinvestor trades that we have RIGHT NOW. When I wanted ripple, I waited for the price to be what I felt was right, then I traded fiat for XRP. When the price was again attractive to me, I bought more. I bought them from a nameless faceless 'someone' (or possibly several someones wanting to sell a few each), and I was a nameless faceless someone (or perhaps I was part of a larger group buying them at a given price). EITHER WAY There is still only about $9B market cap in XRP (largely id think from Spec Investors), which is nothing compared to the fiscal might of ONE Institutional Investor. $9B is a lot of money to you and I. To Amex? To SWIFT? To any Major banking chain. 9B is NOTHING. If they showed up with $18B and bought all the XRP they could for that price, they would still only raise the price per XRP up to about 70 cents. If BILL GATES HIMSELF showed up and said 'Id like to buy ALL THE XRP please' and plunked his 89B dollar money bag on the counter, that would STILL only bring the price per XRP up to about $2.50. The large coinbase insulates us from massive whale swings either way. It will take whales of an entirely differnt magnitude to really affect XRP price, and THEY are the ones using it for its utility, not its immediate speculative value, so they have NO reason to dump. They will need it tomorrow. Does that help?
  49. 3 points
    My favorite parabolic chart. A Great 3th wave going to the top of this beautiful Channel. First 2.xx correction and then Moon
  50. 3 points
    cryptoman

    XRP Investor Update: Ripple Expanding

    To me Ripple is already at the Unicorn level. They are past the pivot stage and are establishing themselves with a viable business with a killer product. The recent hire announcements indicate that they are staying focused on building a killer team. The post swell conference feedback seems to indicate that there is this contagious excitement that is getting the Banks more and more interested. Ripple needs to continue to grow and strategize on how to scale its business. The engineers have done a wonderful job to get the company to where it is. The marketing team has done a wonderful job with the 1st Swell conference. The Sales team appears to be closing in on many big deals (e.g. Amex). This should make for an exciting 2018 and beyond.
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