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Showing content with the highest reputation on 01/14/2019 in all areas

  1. 12 points
    Thank you for your interest in Euro Exim Bank. I trust you are well, and in order for us to open your account please would you send us the following:- IF YOU NEED A BUSINESS ACCOUNT, THEN: 1) Company registration certificate 2) Brief description of the company & nature of business 3) Director's Address proof, ID proof (Passport copy) & Company's address proof 4) Expected T/O (Turn Over) of the company 5) Shareholders details (Full names, their addresses) 6) Company's email / Directors email along with contact numbers (Daytime & Mobile) 7) Certified true copy of the directors' resolution authorising the opening of the account. The resolution should also contain information on the signing authorities and the sample signatures of the authorised signatory. ** Attached form to be filled in ** Please also note that all KYC documents should be certified as true copies of the originals. IF YOU NEED A PERSONAL ACCOUNT THEN: 1) Brief description about the business & nature of business - IF APPLICABLE 2) APPLICANT’S Address proof, ID proof (Passport copy) 3) Expected T/O (Turn Over) of the business - IF APPLICABLE 4) Applicant’s email address along with contact numbers (Daytime & Mobile) Please also note that all KYC documents should be certified as true copies of the originals. Once we receive the above documents, subject to due diligence, we will be able to activate the account, for which there is a monthly charge as follows: USD account monthly charge - $30.00 EURO account monthly charge - Euros 20.00 GBP account monthly charge - £15.00 * * Minimum Balances on each A/C (& Penalty) - $1000 ($60) / £650.00 (£30) / €900.00 (€40.00) Each Outgoing Swift transfer will be charged - 2.0% / $40.00 / €36.00 / £26.00 or Equivalent to $40.00 Each Incoming Swift transfer will be charged - 1.0% / $40.00 / €36.00 / £26.00 or Equivalent to $40.00 ** Corporate account and special transfers will be charged at a higher rate. Account opening fees - $6,000.00 Annual Fees - $1000.00 If you have any questions or need more information regarding your account with us, please do not hesitate to contact me. Please note that all customers are expected to read and agree terms and conditions relating to account opening, (I have also attached them for you) including initial online account opening fees and other charges, which are available on our website. Also, please note that accounts come under the jurisdiction of The St Lucia
  2. 11 points
    lll_lll

    Two xrp ledgers

    There aren’t two ledgers. It’s a rumor spread by someone. There is only one XRPL which is the authoritative account of who owns XRP. David was clear about that in tweeter in past few days. Anything else is untrue.
  3. 10 points
    Hi all, quick plug... I'm restarting my Cryptocurrency Live show today. For those not familiar with it, I try to explain how various aspects of cryptocurrencies (and specifically XRP) work. It is aimed at those wanting to gain a bit more technical knowledge, but hopefully explained in 'laymans' terms. The show is usually about an hour long, and there is a live chat and much of the talk is me answering questions and discussing points brought up on the live chat. You might have heard about the 51% attack on Ethereum Classic (ETC) last week, and that $1.1M was siphoned off Coinbase. So what are these attacks? How does this relate to Proof of Work, and coins like Bitcoin. Does it affect XRP? All will be answered on the show: https://www.youtube.com/watch?v=uf5pXA594_U It is at 9pm tonight, if you click on the link above for the YouTube event it should give you local times and you can set a reminder or subscribe. See you then! PS. Read Hodor's latest great blog post for some background on this topic: https://xrpcommunity.blog/proof-of-work-cryptos-will-be-left-behind/ -Matt
  4. 10 points
    FUD EVOLVES - Banks won't use XRP - Only one Bank is using XRP and it's small - Big Banks won't use XRP - Only one big bank is using XRP , the rest are just small ones - I Highly doubt the 168 Banks using XRP will grow , SWIFT has the rest in the bag - No way more than 5000 Banks use XRP , I think Ripple has topped out by this point - XRP is destined to fail , it's only a matter of time some new tech comes along and knocks them out of their #1 spot.... I mean hell , they did it to SWIFT right..?
  5. 9 points
    Hodor

    Proof-of-Work Crypto Will Be Left Behind

    Blog URL: https://xrpcommunity.blog/proof-of-work-cryptos-will-be-left-behind/ In today's blog I describe the reasons why proof-of-work crypto is headed for a museum, and discuss news affecting XRP! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple announces twelve new customers, including five new xRapid partners; The Paris Fintech Forum is promoting a panel discussion on January 30th with both Brad Garlinghouse and the former CEO of SWIFT; and SendFriend's CEO, David Lighton, provides insight into their plans for xRapid. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: WietseWind announces the formation of a new company with three founders, including himself, and calls it XRPL Labs; XRPL Labs adds an option to the XRP Tip Bot to enable recurring daily, weekly, or monthly tips; Bithomp publishes a new API to capture and share rich XRP Wallet information for organization wallets; and GB Exchange (GBX) decides to list XRP; I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  6. 9 points
    Xrpforme

    How low are we going here?

    Crypto is the Wild West of investing. People here try to apply technical analysis to crypto, buying “undervalued”, etc. What is undervalued? My opinion is that almost everything is overvalued because it’s worth 0. If you’ve done your homework, the first thing you did right was buy XRP. We, as investors, have one basis to buy- fundamental use case. Nothing else in crypto applies as you would evaluate a stock. You bought well. .38 is a good entry point. Remember this even if it dives to .2 or less. The entire crypto market is manipulated and controlled. Do not get rattled by the day to day volatility(especially downward). My best advice: 1) Don’t panic sell because it goes down 2) Dont chase other garbage just because it’s going up. It’s being pumped on speculation with no fundamental foundation. The people making it go up are trying to get a following so they can sell at a higher price later and leave the late comers holding the bag 3) only sell if you think XRP fundamentals change to the Downside. Right now it is the only crypto asset that has real use case and momentum on utilization. 4) don’t spend anything u can’t lose. I believe we won’t lose but u also may need to tie up $ for awhile. Xrp will show true value when it’s intended purpose gets realized. Ie. bank and corporate applications. Remember we are here for the ride and not the priority of Ripple. We just get the benefit for being early adopters.
  7. 8 points
    enrique11

    Two xrp ledgers

    BTC community has been spreading FUD about Ripple for years. They were trying to dissuade investors back when I started in early 2014, claiming that Ripple could freeze accounts, create more XRP, etc. It was discovered back then that a BTC investor had paid someone to disseminate FUD about Ripple/XRP. on the internet It's likely that that is still continuing to this day.
  8. 7 points
  9. 7 points
    XRP-JAG

    How low are we going here?

    Pfftt... come back when you brought in at $2.80
  10. 6 points
    2ndtimearound

    How low are we going here?

    My tip is to pay less attention to your investments. Set price alerts which means you have zero excuses to check the price. There is no need to check the price and you will find it is a good thing to keep a distance between your daily focus and your investments. There’s no need for that unless you are a (truly) professional day trader. Secure your XRP in cold storage, set price alerts and forget about XRP.
  11. 5 points
    djdhrubs

    One positive bit of TA for you. Maybe!

    The weekly chart for XRP. The sequential system (the numbers at the TOP of the candles) are a measure of exhaustion of a trend. Red numbers mean the price trends down. Green number, up. When you get to a 9 candle, you can expect a 1-4 candle correction to the opposite direction. There are rules that state whether the number progress to 9 or not (essentially to progress, the candle has to close above the one 4 candles before it, in an uptrend. Other way round in a downtrend. If that doesn't happen, you get a colour flip and a new number '1' candle). You can see that the all time high coincided, pretty much, with a 9 candle. Zooming in, you can see another couple of 9 candles on the weekly chart. The first one held the price steady for a few weeks, the second one lead to a dramatic reversal in September. Whenever you reach a 9 candle, you then get something called the 'countdown' kicking off. These are the numbers BELOW the candles. This countdown goes up to the number 13. There are rules for this too which I won't bore you with. However, bottom line is, you get a 9 candle on the sequential, then you start a countdown to 13. We have just reached the 13 now, as you can see by 'S13' written at the bottom of this week's candle which has just started. This means that an absolute point of exhaustion has been reached. So do we just go up now? Well. maybe, maybe not. This countdown was kicked off by the 1st '9' candle on the zoomed chart. There is another countdown now running, not yet complete, as a result of the 9 candle we got in September. Plus bitcoin doesn't seem like it's bottomed yet. So we may have to wait a few more weeks for the 2nd countdown to finish. But anyway, based on the TD indicator, the conditions are there for a bit of a reversal over the next few weeks. Apologies if I've confused everyone. And just to add, Tone Vays usually applies the countdown to the stock markets, not so much to crypto. The sequential (initial phase) bit works very well with crypto.
  12. 5 points
  13. 5 points
  14. 5 points
    Eh? Anybody can run a validator on the XRP Ledger as well. Ripple runs approximately 7% of the validators and is a minority validator on the recommended UNL of approximately 27%. Source: https://minivalist.cinn.app/ And while a platitude of " join up and mine" sounds a lot like democracy to the uninitiated, hobby miners have very little chance of competing with organized mining companies. Bitcoin hashrate distribution: https://www.blockchain.com/pools Ethereum hashrate distribution: https://etherscan.io/stat/miner?range=7&blocktype=blocks Ripple didn't create XRP. Its founders created it, then they formed a company afterwards and gifted a majority of XRP to the company. Source: https://twitter.com/XRPTrump/status/1066819365348098049 Ripple is very transparent about their sales, and publishes the percentage of volume that their sales comprise each quarter. Here is the link to the latest XRP Markets Report, where they disclose their sales levels (amounting to .43 % of total volume - less than 1%) Source: https://ripple.com/insights/q3-2018-xrp-markets-report/
  15. 5 points
    mandelbaum

    Two xrp ledgers

    Someone seems to be confusing the XRP-ledger testnet with a secret ledger run by banks and FIs. https://developers.ripple.com/connect-your-rippled-to-the-xrp-test-net.html Now, anyone can develop tools for the XRP-ledger, Ripple is one of the companies developing on top of it. There are theories of someone outside of Ripple planning a large scale use of XRP for something, running a sandbox test environment.
  16. 4 points
    Armanius

    Kichiro Fukui

    Don't listen to anyone. Just buy high and sell low. Go with the trend. *I am a investment advisor. *
  17. 4 points
    Sometimes, it's not about making money, so much as it is about not losing money (or time). The same reason some clubs have cover charges; it's not about being discriminating (in a bad way), it's just about making sure that people who can't afford what is served don't wind up inside and throwing a fit at the pricing of service. As you said, you're a consumer. Ditto. I wouldn't sign up with an Export/Import bank as a consumer, myself, either, so, I'm not concerned about their fee structure...
  18. 4 points
    Honestly, even those low ball speculative price predictions are a great ROI. I see it being a good amount higher though. I think xrp is bigger than most people here even realize, CBTs alone will give us double/triple digits IMO. Just try and look a little further into the future and you'll see how much more than just CBTs will be utilized by xrp. Bright days ahead folks, 32 cents is a stealllllll!
  19. 4 points
    I *think* that word is starting to get out ... despite the financial incentives for protecting P.O.W. coins.
  20. 4 points
    Phintech

    Two xrp ledgers

    Bitcoin and Eth maximalists that realize their solutions can’t scale and still have no viable real world use case, and likely never will. It’s their only defense to the reality of the snowballing adoption of XRP. Spread lies and FUD and keep sharing hopium needles.
  21. 4 points
  22. 4 points
    We only know for certain that no major bank has yet come public with that. That is something else. NDA's and such. Clearly stated in Brad's last interview, along the lines of "we can only comment on clients that allow us to comment".
  23. 4 points
    NightJanitor

    Ripple XRP Groupthink

    Here's an old joke for you, since you want to play: There was once a 2nd grader who wanted to quit school. He approached his teacher and told her so, to which she replied "But you are only a second grader, what will you do?" "I'll teach first grade!"
  24. 4 points
    Ripple-Stiltskin

    Ripple XRP Groupthink

    It applies on the whole society, groups everywhere, even your own family is a group with specific ideas. Every group has it’s own rules, taboes, jargon, jokes etc. There’s an evolutionary reason for this human ( and other animals) behaviour, but I won’t go there now. So yes, independent thinking is hard to maintain, but worthwile striving for. This goes for pro-XRP groups as for anti-XRP groups. Hearing both doesn’t garantee independent thinking though, that would be all too simple. Picking of both groups what you feel are logic and reasonable arguments , hopefully mixed with some original thoughts of your own, is the best thing to do imo.
  25. 4 points
    You missed a big one reason why PoW will be superseded by PoS and Consensus models. I just wrote this on a thread that is running concurrently with yours. I think it is an important point Who funds BTC and what are their motives? Is it the whales and is the biggest motive to increase price rather than provide services to the BTC ecosystem. What interest do the BTC whales really have in the BTC ecosystem, other than keeping it afloat long enough to withdraw their earnings? Ripple have a long term interest in XCurrent and the ILP and Ripplenet.
  26. 4 points
    This seems like a huge deal. 80 countries is a lot. let me put my tinfoin hat on. lets say you test run a bank half the tx's you run through xrapid, half use existing system. To prove there is a 60%+ savings back then the price was 0.25 cents turn on xrapid price increases rapidly to 3.95 cents price increase is 3.95 cents - 0.25 = $3.7 increase. full production of one bank would increase the price by double or 3.7 * 2 = $7.40 If one bank would bring the price to $7.40 cents then what would 80 banks do. 7.40 * 80 = $592 If you wanted to be within 1% rounding down to the safe side you would subtract 0.5% this should make your skin crawl 592*0.995 = 589.04 rounding down to the nearest dollar $589
  27. 3 points
    Cryptos work in tandem for most part. Is XRP price action correlated to BTC? For those who feel so please ponder over the following cycle analysis: https://www.youtube.com/watch?v=Tfts2qHGle0
  28. 3 points
    What are you talking about. If anything you should thank Dari for doing some digging.
  29. 3 points
    What's wrong with the thread, it gives you more info and insight about the first bank to use xRapid? There are some nice follow up comments and links. Or we should just open up threads and hype like headless cheerleaders? Maybe throw in some castles, bears and 4 digit price predictions.
  30. 3 points
    These small differences are everything from a legal perspective. And the legal perspective is really the only perspective that has any bearing on this discussion IMO.
  31. 3 points
    XRP is halfway between an commodity and a security. Some say it should be a new asset class, uncharted territory in an uncharted market which makes it very hard to value. Basically the main driver of value is going to be speculation, because investors can speculate that when/if XRP takes a sizeable chunk of the SWIFT trade the price will be driven by very high demand for the asset by banks and FIs which will push the price up. The more certain the usage case the lower the risk you will lose money which pushes up the price a speculator is willing to pay for the asset. For instance you can make an educated guess about how much XRP would be worth if XRapid it took 10% of SWIFTS trade, you would be helped in your guessing by the speculative valuation website (independent) www.xrpbalance.com (the values have some credence because the model underneath the website was produced by one of the directors at Ripple). It is all down to making educated guesses and speculating how much you are willing to play. The marketplace reflects the state of play. 589 by Christmas was an off the wall guess and no one really should base their investments on such frivolity, but XRPbalance does show that even inside Ripple Labs directors do speculate that the eventual price of XRP could reach 100s of dollars a token. So buying at 32 cents looks like a good buy-in price to my eyes. You have to make your own assessments and come to your own educated guesstimates, then you participate in the market and setting the value of XRP.
  32. 3 points
    Another 4 New XRP Trading Paris on Bitrue this week! They are: EOS/XRP, POLY/XRP, XEM/XRP and VET/XRP! New Trading pairs are on their way! Will keep sharing our latest news with you guys here;)
  33. 3 points
    why not? you'd have been rich.
  34. 3 points
    For now we can only ensure that XRP will be included in our fiat trading pairs, for others, will update with all friends through our social media;) Thanks for consistent support!
  35. 3 points
    I have been blown away by the community for Ripple and XRP and most of the people involved with it as fans/supporters. In all my years of Investing, outside of a couple active FIRE message boards. I have never come across a group of people that can discuss plans and details and pros and cons of each other's ideas with the level of clarity and attention to detail presented in many posts. Most of us all seem to be relatively long term investors, and are rowing in the same direction. I don't have much time to post, and so I have to lurk, and many discussions get resolved with me not having the time to reply. I am only a little more active on Twitter because it is easy to like and retweet something, or make a short comment. We all want to see Ripple succeed and for xrp to be utilized in hundreds of different ways for the benefit of millions of people and helping move billions to trillions of dollars. The oft mentioned Internet of Value is going to be the catalyst for opening up whole new avenues of growth and profits for companies all over the world. We are the ones helping to build this. It is an honor and a privilege to be a part of this endeavor at such an early stage. Helping people understand how these crypto currency coins are the future of a new digital asset class. That will have distinction and pride of ownership like people esteem stocks etc. I still cherish the memories of looking at the old stock certificates from my grandfathers accounts from both sides of my family. XRP is a diamond in the rough.
  36. 3 points
    Exactly. Thanks for correcting me. SPECULATION: Of course it is plausible that there was already one major bank trialing xRapid behind the scenes back in June 2018 when Brad had that "every confidence". Maybe Brad had at June 2018 permission to announce the major bank to public but afterwards the major bank changed its mind and denied the announcement for some reason? Anyway, I drew this inverted pyramid how I see the customers of Ripple might be distributed.
  37. 3 points
    BrownBear

    Ripple XRP Groupthink

    It's almost if they were ... speculative investors.
  38. 3 points
    BluKoo

    How low are we going here?

    It's been a rising bottom all year. I don't think it'll go any lower than 28c
  39. 3 points
    Julian_Williams

    The Real Price of XRP

    https://xrpbalance.com/ this is based on a model created by a member of Ripple's board of directors.
  40. 3 points
    Trickery

    Two xrp ledgers

    Regardless of whether there can be or are two or more ledgers there can only be 100B XRP and the value can only be driven by public trading otherwise you would end up with a corporate stablecoin with no liquidity.
  41. 3 points
    Then, not for the first time, we must agree to disagree. I respect your willingness to debate. Good luck with your investments.
  42. 3 points
    The paradox of Proof of Work is it becomes more centralized the longer Bitcoin exists. As the value of a Bitcoin increases the players in the mining business are larger corporate type entities with farms of computers doing nothing but computing. As the coverage of crypto and digital assets becomes more reliable and informed it's only a matter of time until we see a new market leader.
  43. 3 points
    ManBearPig

    How low are we going here?

    Get your puke buckets and buy orders ready!
  44. 3 points
    And so it begins...
  45. 3 points
    Ripple-Stiltskin

    Ripple XRP Groupthink

    Yes, but it’s also way too simple to say that one is a victim of groupthinking when one agrees with a certain group. So agreeing with 99% of the positive posts on this board still doesn’t make me a “ groupthinker” . Maybe my independent thinking just came to the same conclusions as the majority or general consensus. Contrarian thinking isn’t the same as independent thinking, so fudsters can be the other side of the same medal. It’s the thinking proces that counts, not the outcome per se imho.
  46. 3 points
    Julian_Williams

    How OTC relates to price

    All the new money coming into BTC goes into paying electricity bills. Most of the money coming into XRP goes towards developing the product. There can only be one winner
  47. 3 points
    KaaKaRmA

    Kichiro Fukui

    He went from openly shouting his $50/24 hours by December to anyone who would listen. He was open book on how it’d happen to get people interested. Once he built a following, he became another riddler making tons of broad cryptic messages. For some reason, gullible people hang onto everything. He could change his profile picture color and people interpret it as something. At one point he had a full moon as a picture and these desperatos assumed something would happen on the next full moon day, as if Ripple and XRP time around astrology. He’s slipped up over and over. Just search his old Reddit posts and you’ll see he posted in AskMen about how to talk to his crush, talked about his bank not letting him buy crypto with his Visa, etc. He’s successfully trolling a lot of people who are desperate for anything to get them through tough times There is no switch. There are no inside riddlers spending hours and days creating complex riddles for the community. Instead it’s a bunch of trolls seeking attention, pump and dumps, etc to drive hype by leaving broad clues that could literally be tied to any news. Even Bg123 now is desperate after his fails so he clings to gullible CKJ to keep his attention alive. A riddler could post “Better off Alone” and it could hit a million things. If Bank of America is in news they’ll claim that with the “BoA”. If Swift says they won’t partner with Ripple, they’ll interpret it as he knew they wouldn’t partner and do it alone. The list goes on. Use common sense and logic.
  48. 2 points
    1) Then why do you continue to mine if you're losing money? 2) I'm not trying to 'bring down Bitcoin.' The very first part of my article indicates that I don't want to see people lose money. However, the entire cryptomarket needs to turn its back on obviously-obsolete technology (including ALL P.O.W. coins) that uses the equivalent power output of the nation of Austria. I expected push-back from miners. Looks like I was correct. I'm sorry you're in a tough spot, and I (honestly) wish you the best of luck in transitioning to some other profitable endeavor.
  49. 2 points
    i have no idea what you mean by this.
  50. 2 points
    Your make the most important point: The small investors have already begun the migration, but the whales who command the market cannot get their head around what is obvious to us. Will this situation continue? Six months ago the debate was about whether XRP was as decentralised as BTC. The last few weeks have destroyed the credibility of the PoW decentralisation paradigm. It was always a bluff put up to discredit a threat from XRP, now the bluff has been called and the uncomfortable truth (that small investors already knew) is that PoW is not as secure as "XRP Ledger Consensus". This myth, that has been one of the foundation rocks of BTC maximilist propaganda, has been shown to be untrue. It is human nature not to change deep beleifs, especially when those beliefs have been successful for many years and made you very rich. New truths are assimilated in stages and take time to sink in, but sink they do. If you alive to it you will see it on the BTC forums where the small investors are beginning to question and panic. The whales are repositioning their stashes. Also look at the language and confidence and choice of subject matter today on this forum. Three threads, all started today, have all ended up with confident predictions that the zerpening is no longer an "if" it is a "when". That would not have happened three months ago.
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