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Showing content with the highest reputation on 06/30/2018 in all areas

  1. 16 points
    Experience tells me that this is too much of a dangerous game to play. It's still very tempting though but personally I have to learn from previous mistakes. I'm just holding.
  2. 15 points
    I'm busy trying to decide if I want ketchup or mustard or both on my hot dog.
  3. 11 points
    xrp-pat

    Now's a good (temporary) exit point.

    Not worth the stress imo.
  4. 10 points
    The interledger has been standardized to the API of the web browser You will be able to pay with XRP with interledger with one click XRP will soon be expanding to real world if it becomes web standard. https://www.w3.org/TR/payment-request/ ”XRP” are coming out in the document updated on June 7, 2018 You can see that XRP payment is assumed https://imgur.com/a/kgweNv6 Settlement using Payment Request API will be mainstream in the future. Interledger will be used on this backside. It also uses Microsoft, Google, Apple, and Facebook. This is the demo of Microsoft and Google's Payment Request API, the operation is the same but the purchase procedure is unified like this. Even without preparing a shopping cart, you can purchase it by API call. Microsoft Payment Request API Demo https://www.youtube.com/watch?v=uccDswZXUPk Google https://www.youtube.com/watch?v=hmqZxP6iTpo Ripple's interledger is used behind these APIs. You will probably also be able to pay various cryptocurrencies. If you are going to buy in cryptocurrency that shopping site don't support, XRP will become bridge currency and you will be able to exchange it for purchase. Then in the network of Fiat currency and virtual currency payment, XRP will become the key currency gradually. Do you know the meaning of this web standardization? And if XRP becomes the base currency, the usage of XRP will increase. As the usage of XRP increases, services that can be settled by XRP will also increase. And the demand of XRP explodes. interledger brings key currency-ization of XRP. This would mean that the interledger protocol is used behind the payment request API adopted by Microsoft, Google, Apple, and Facebook. Demand generating of XRP is ready. The Payment Request API is made as an open standard specification and is supported by many browsers. Supported browsers are: Chrome for Android, Chrome for iOS, Chrome for desktop (Mac, Windows, Linux) Microsoft Edge, Samsung Internet Browser, Apple Safari That is, ILP is already secretly hidden in almost all browsers on the pretext of standardization. The Japanese bank consortium is coming, but the interledger is already being used in the world's banks. The application of Santander Bank is already using interledger. It's not a distant future. https://www.youtube.com/watch?v=oEIf9W3GOYA
  5. 10 points
    cuber

    Bearableguy123 Thread

    You know what would be absolutely hilarious? If the price actually did reach $589 in December!
  6. 8 points
    Pluto

    Bearableguy123 Thread

    ETF’s require custodian solution, I.e which regulated exchange or Invesment Bank will take responsibility of the crypto in Institutional inventory. Custodian solutions will come after regulatory frame work for the top 100 Tokens which assuming the SEC is working on. CBOE futures at the moment is next to 100% gambling at a roulette table. If you Go LONG bitcoin futures for instance, and the price rises when the contract expires you are paid in cash, not in Bitcoin. This was a smart work around the regulatory problem, however this causes manipulation by the hands of Large Hodlers. Say I had 100K Bitcoin, I’am an early investor, or a massive miner. Now I know if i dump my bitcoins across multiple exchanges I can manipulate the market to turn bearish, simultaneously go short CBOE futures as a bet that the price will fall, making insane amounts of money, not to mention I can now buy back Bitcoin at a discount and continue skimming the pigs in the market every time the market rally’s. ETF’s on the other hand are a share of a very diluted and public fund much like a mutual fund, the value of which goes up and down as the market moves based on the contents of the fund. Say a Fund is 25% of Bitcoin, ETH, XRP and BCH. This fund is raised by invesment bank prior to launch , to do so the invesment bank needs to take reaponsability of buying the contents of the fund directly from exchanges like Coinbase and SBI and also to take responsability of securing and protecting it for the time span of the maturity of the ETF. Sorry i got tired of typing here’s the summary : I.e ETF’s = Bank FOMO. ETF’s= Regulation ETF’s= Bitcoin ATH x (2to5) ETF’s= Codius contracts= Quadrillions of $ derivative market to tap into for XRP(because fastest transaction speed/Most liquid asset) XRP= ($Censored)
  7. 5 points
    https://www.profitconfidential.com/cryptocurrency/crypto-news-bitcoin-etfs-andreessen-horowitz-and-contradictions-in-crypto/
  8. 5 points
    SanHolo

    Now's a good (temporary) exit point.

    This. to me, is only an option when we've just had a big rally, like in january. Not when we're already 6 months deep in a bear market. But even then it's still a gamble. I don't like gambling.
  9. 5 points
    Here's a nice take on India's banks and XRP... Banks In India See More Uses Cases In Ripple (XRP) Than In Any Crypto By Yusuff Olayode Supoto On Jun 29, 2018 https://ethereumworldnews.com/banks-in-india-see-more-uses-cases-in-ripple-xrp-than-in-any-crypto/ "Among them is Kotak Mahindra Bank, a leading bank in India with more than 1300 branches in the country, which will be using RippleNet, a decentralized network of payment providers and banks that connect to each other through Ripple’s technology." "Earlier, IndusInd was among the banks that announced they would join the RippleNet community for seamless cross-border remittance. There is more hope in India for Ripple than any other blockchain technology, may be due to Gupta’s assertion that “Ripple’s instant, cost-effective blockchain-powered payments can be a transformative component of India’s economy, helping bring the many who have limited access to payment services into the fold. We are committed to building our presence in this market with significant investment, and I look forward to expanding our local team with this vision.” As a side note, there is news from Induslnd... IndusInd Bank To Acquire IL&FS’ Brokerage Business https://www.bloombergquint.com/business/2018/06/26/indusind-bank-to-acquire-ilfs-brokerage-business "Private sector lender IndusInd Bank Ltd. today said it is acquiring infrastructure lender IL&FS’ brokerage business for an undisclosed sum." "The city-based lender, which has recently got the final nod for a merger with microlender Bharat Financial Inclusion Ltd., has received the Reserve Bank of India’s go-ahead for acquiring IL&FS Securities Services, it said in a statement." "Incorporated in 2007, the brokerage offers clearing of exchange traded derivatives, depository and custodial services and has over 1,000 broker client accounts, FPIs and FIIs, the statement said, adding that its platform sees three million transactions a day." Also this... India Drafting New Cryptocurrency Regulations After Controversial (and Unfounded) Banking Ban Published 2 hours ago on June 29, 2018 By Sam Bourgi Draft Crypto Bill Finalized "Department of Economic Affairs secretary Subash Chandra Garg has confirmed that a draft cryptocurrency bill will be presented to government officials in the first week of July." “We are fairly close to developing a template that we think is in the best interests of the country,” Garg told the nation’s largest financial media outlet in reference to new crypto regulations. He added: “We’ve actually moved quite a lot [in drafting regulations] in that, what part of the [cryptocurrency] business should be banned, what should be preserved and what not. That kind of detailed work has happened. Now should be in a position to wrap this up in the first fortnight of July.” (note: a "fortnight" is two weeks, in case anyone is unfamiliar with the term)
  10. 4 points
    Madbull

    Now's a good (temporary) exit point.

    Yes man @cuber brings it on a point. Don’t make out of your investment a game. You invested in it because you have believe in the tech. Don’t be too greedy.
  11. 4 points
    Of course you make a sensible point....however as a group on XRPchat we live in a different bubble from the average XRP buyer in Japan. We are not really in touch with their mindset and for the most part it was the Koreans and Chinese that were most badly burnt by the Dec crash. Japan does manias differently from how we do them in traditional Western countries and be very careful not to assume they will behave like a Western country. I speak as someone with a Japanese wife. I think Japan might be one of the principle engines that decouples XRP from Bitcoin. (I have a history of being too optimistic ?)
  12. 4 points
    Also I just think we're running out of sellers. People who bought super early won't sell now having missed out on massive gains. Who the hell sells when the price is super low from previous highs? Newbies. We're fast running out of newbie investors - they left months ago. People who are still holding and bought later (near ATH) have already lost 80%+ of their original investment - they would be nuts to sell now (and they know it, that's why they're holding): the up-side is much bigger than the downside at this point, unless you think XRP is actually dead in the water. Ripple are looking for 49 more employees as I write this....they'll go from 190 employees in February to 225 in April to circa 275 employees later this year....they're donating millions to many charities, xRapid is not even properly live yet, one bank will go live with xRapid before the end of the year (IMO, that will convert to XRP being at least 80c to 90c)...there's just way way way too much upside for current holders to sell now at a huge loss. What we have now is classic fear, uncertainty and doubt because the price is low. It's absolutely the wrong time to sell, though people will think "I need to stop the bleeding". Talk about an oversold asset. Nobody is bleeding until they sell. I'm at a 42% loss, and I'm relaxed. The most productive thing I can do is focus on the future and do nothing with my XRP right now.
  13. 3 points
    My mother always cautioned that if you can't think of anything nice to say, say nothing. With that in mind here are my thoughts on your question. That is all.
  14. 3 points
    Wow... are you married. Do you fart when you eat hot dogs. Way to squirt on my topic.
  15. 3 points
    Dutch_ins

    SBI is going live next week.

    People calm down. it says "scheduled", it will be put live for all customers in november.
  16. 3 points
    2ndtimearound

    SBI is going live next week.

    Exactly. It's going to take a while...but at least they can MARKET their crypto services to their customers. This is a long play, like everything in this space. People who expect XRP to jump to $1 or whatever "because SBIVC mass launch!" will be disappointed.
  17. 3 points
    What's your motive? Do you have a short position? Are you being paid? Or are you just here trying to save everyone from themselves?
  18. 3 points
    Back from a temporary ban are you? Soon to be a definitive one if you continue trolling. You don’t belong here.
  19. 3 points
    BTC has very weakly broken through resistance that has been in play since the ATH, (diagonal line)which is great to see. we'll see if it can continue to rise a bit. getting up over 6500 would be good, and hopefully 6500 would then provide support for the mark up phase. The horizontal line in the image is the low since the ATH, we wanted to break under that in order for the spring to form. Historical reference people are comparing this to is EBAY 2008/2009:
  20. 3 points
    Personally I think XRP has bottomed out at just under 43c (as of yesterday). ETFs coming into the news again when the SEC is a lot more crypto friendly....well if ETFs are accepted, then they will be the antidote to Futures. ETFs will be the gateway into crypto for institutional investors. I think this bump in price is based on the ETF rumour. I hope nobody sold recently.
  21. 3 points
    If correct, this is fantastic news - a Crypto Regulation Bill before the Indian Government within a fortnight. Hopefully, more Countries will follow suit soon. Then (IMO) we can sit back and watch XRP fly.
  22. 3 points
    EcneitapLatnem

    SBI is going live next week.

    I recall several stating "July 18th". However, I remember reading somebody who sounded rather intelligent (will not for the life of me be able to remember where I read this), stating that it was mistaken for the fact that the date was set for July '18 (July 2018).... I like turtles!
  23. 2 points
    F the futures! Bring on the ETFs!!!??????
  24. 2 points
    Trickery

    Nano S Recovery Phase

    you could always get a tattoo.
  25. 2 points
    SanHolo

    Bearableguy123 Thread

    Believing in the possibility that someone could be an insider and believing his predictions are not the same thing.
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