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  1. 8 points
    Gotta agree with @Tinyaccount here. I was reading your threads and giving you the benefit of the doubt, but digging up month-old tweets that don't mean much... As a lurker, your inane and pointless threads are a waste of time. Don't you have better things to do than spam XRPChat? Real news is at an all time low point as it is.
  2. 7 points
    Truckdriver

    Tiffany Hayden stops XRP Promotion

    What does this thread smell like
  3. 4 points
    https://www.cryptopolitan.com/moneygram-drives-ripple-xrp-volume-executive/
  4. 4 points
    Eric123

    Epic Pennant on BTC Chart

    Day 5 of my failed prediction. Bitcoin got a mini pump on the minute chart moving us up a percent. Volume has been decreasing with price. Once volume ramps up price movement should be dramatic. On a positive note, XRP is out of the downtrend that started June 22nd. The MACD has turned positive on the Daily chart for XRP and Litecoin, not that I expect any big movements before bitcoin moves.
  5. 4 points
    Zerp_Legend

    Tiffany Hayden stops XRP Promotion

    Like a monkey falling from a tree ?
  6. 4 points
    Tinyaccount

    Jed Year 5

    I hope you were not referring to me with that. My questioning of their motives is based on a series of subtly negative threads created by this person. Each one subtly dissing XRP or Ripple. All on topics that are well thrashed out previously. Either a disgruntled investor or a fudder but not adding any information or value so far. I have no objection to criticism or information that is negative... I just see no reason to start threads on negative topics if there are a million preceding them. So a person doing that repeatedly is fairly suspicious in my book. If there weren’t actually paid fudders dissing Ripple then perhaps we wouldn’t have our suspicions aroused when people repeatedly start negative topics.
  7. 4 points
    ZzZerper

    Jed Year 5

    You are correct! Someone brought up Jed in conversation and google took me to that article. So we are in year 3 of the agreement where he can sell 1% of daily trading volume. So according to the last market report that average $429m So using that, he can sell $4.29m per day. So over a year that would average $1.56 Billion. Let’s say prices and volumes fluctuate and make that a conservative $1 Billion a year. Oops that is a lot more than 750m XRP a year of the original agreement. It’s good to know these things and thanks again for helping me get my facts right.
  8. 3 points
    Ripple-Stiltskin

    Jed Year 5

    Agreed! Step 2 is to put your hat back on and actually start reading his blogs. Saves us a lot of bickering.
  9. 3 points
    Ripple-Stiltskin

    Jed Year 5

    Wow, awesome, cool! Do people really still say “ oops” ? (@ debbiedowner is that you? Lol.) So @ZzZerper, another of your “ genuine” questions answered, to get your facts right. Why read a forum and do some research of your own if you can just open a thread with the same ol’ question for the 34-th time eh? Can you give us a rough estimation of how many semi-subtile-circle jerk- fuddy echochamber threads we can expect? Asking for some friends @Freaky @AlvaroXRP @Cooliozxrp amongst others, so they can block free time in their busy schedule to join the circle.
  10. 3 points
    Agreed. Also the thread by Dovey Wan supports the option 1. Takeaways: Scammers managed to collect BTC, ETH, EOS & XRP in total worth of 3 billion USD according to the police report. There are still some unknown accounts that contains the scammed funds. Police does not seem to have control to any of the stolen cryptocurrency funds. The scammers started to sell their bags around early July 2019 (how conveniently the bull market took nosedive during that time) Based on their previous BTC selling modus operandi they will not likely dump the 480 million XRP account all at once. Instead, they will send small batches to exchanges and then sell in order to get better price.
  11. 3 points
    CryptoBoiler

    Jed Year 5

    Wow. Sounds like he was just asking a question to me. I didn’t know anything about the escrow agreement either. Every post on here is FUD it seems, unless it’s super bullish xrp go to the moon. Hell, this comment is FUD. I’m FUD I guess.
  12. 3 points
    Tons of negativity last few days. I guess it is interesting to observe who responds when, why, and so on. Xspring Buying lambo's would be on personal tax records. The majority of crypto investors are a very very small percentage of people who invest in general. I would look at projects and long term outlook of those projects. -In the past two years what has BTC, ETH, XLM, NEO, and all the others have accomplished? - Until there is regulation it will be difficult to know what folks with deeper pockets will decide to back. -Yes Ripple has and escrow problem. I'll say it again come up with a better solution. Maybe they will listen. -Ripple could be a scam. I do not think they are. XRP was not the only DA that increased substantially in value 2017, most coins did. Last sept XRP increased by three fold while nothing else did so ? Now BTC,ETH,LTC have increased and XRP did not. Who really knows? These threads are annoying. I often wonder what motivates an individual to attack and or manipulate others for the purpose of driving a negative outlook on a particular topic. There are a lot of things that bother my about XRP, there are also a lot of things that bother me about BTC. Hell, there are a lot of things that bother me about my own personality. I feel the forum is designed for understanding and keeping up with current news on a particular asset. Is that what we are accomplishing.
  13. 2 points
    Freaky

    Jed Year 5

    Jed selling is not FUD it's fact.
  14. 2 points
    CryptoBoiler

    Jed Year 5

    I think a lot of people are getting touchy about any topic. Let’s be real. The price is stagnant. Someone could post “a great day in America” and the response would be “FUD, you posted from Canada one day, you’re a fake. Ive noticed that there is very posts on this forum. And the posts that are here are very dull. I hope that xrp and crypto as a whole starts to make movement. I miss the old days of good conversation and intelligent discourse. Everyone is so angry at whoever posts. Like a pack of rabid dogs...
  15. 2 points
    King34Maine

    Forte Blog

    Thought Brett's response (14:21 - 15:20) to the DAU (daily active user) question regarding how soon could the market could bring forth a blockchain gaming platform with over 1 million DAUs was very revealing. He said that it could happen now (i.e. 6-12 months) with the right ecosystems. Maybe we could be on the verge of hearing some news regarding Forte pretty soon. Mind you, this panel was back in April of this year. Going with the shorter end of Brett's timeline, 6-months would be almost perfect timing for Ripple's SWELL conference in Singapore.
  16. 2 points
    strikerjax

    Forte Blog

    This is from the forte Gaming Blog. They have a few other entries worth checking. https://medium.com/forte-labs-inc/forging-the-future-of-games-3aebbaf6eccd "we’ve collaborated closely with Ripple’s Xpring team on architectural designs for trustlessly hosting software services in a decentralized ecosystem using Codius and facilitating cross-chain transactions using Interledger Protocol (ILP) for interoperability and XRP for inter-asset liquidity, all open source projects. We believe these projects offer a strong foundation for a future we’re excited to help game developers build: where game economies offer multi-directional transactions between parties, greater player agency, minimized counterparty risk, multi-network contract interoperability, and trust-minimized computation." "Initially, we’ll help developers with some of the difficult but essential basics. We’re building a wallet that will be easy to use and integrate with both new and existing games on many platforms and facilitate cross-chain transactions using Interledger. We’re building a container-based hosting solution compatible with the Codius specification for running game-specific chains and flexible, secure, performant computation that rich, engaging games need. We’re building a security-audited smart contract framework and tools to inspect nodes, update contracts, reconcile new data, generate data reports, and mint new chains. We’re securing licenses for regulatory compliant operations in all major markets. We’re offering market-making services to address cold start economic challenges in new game economies. We’re building a white-label marketplace framework with embeddable filter-by-game views. We’re composing these solutions based on a deep evaluation of public blockchains, layer 2 solutions, and off chain computation in combination with our own substantial research and development efforts." The inaugural fund, managed by Forte, is primarily targeting game developers operating live game economies with over 50,000 daily active users Main team members : Kevin Chou founded kabam and sold it for $800 mil, Brett Seyler, GM at Unity Love what Ripple is doing with its investments and building partnerships to fuel XRP usage. In the light of this, I would think the 1 billion investment in Coil would have been very well thought out.
  17. 2 points
    Pretty much spot on , someone takes a dump and then the flies turn up. Fudsters will fud. It doesn't matter what you present to them ,you realize common sense is not that common. "Ripple owes us nothing " even if it fails. Exactly that .
  18. 2 points
    Tinyaccount

    Jed Year 5

    Nope. It’s wrong because there was a later deal. I’m surprised you don’t know that. This is the latest in a line of negative threads you’ve created so I question your motives. https://forum.ripple.com/viewtopic.php?f=1&t=15885
  19. 2 points
    You have absolutely zero evidence for that. You might as well have said “at this point it’s just as likely the moon is hollow”. In both cases there is no evidence for the assertion and a lot of evidence against it. It’s an extraordinary claim so it should demand extraordinary evidence. And yet you have none. I’m certain of that because if there really was some evidence that XRP is a scam we would all know about it nearly instantly. You are no doubt going to say it’s the sales that prove it... and yet the sales are done as sensibly as possible, and are the only way to distribute XRP fairly which is a necessary condition for the full implementation of the Internet of Value. There is no other path that I know of to the endgame, and yet you and many others moan about these nececesary steps along the path. You should have known all of it before you invested and if you found out anything you don’t like you have options. Instead you and others of a similar mind make extraordinary and incorrect accusations without a shred of evidence
  20. 1 point
    Without XRP, Ripple will not have a bridging asset, they won't be able to create an 'internet of value', nostro and vostro accounts continue to be needed and you don't have instant settlement.
  21. 1 point
    ZzZerper

    Jed Year 5

    I take my hat off to @Hodor for the thousands of words of detailed research every week. Far more impressive than all out bickering.
  22. 1 point
    Ripple-Stiltskin

    Jed Year 5

    Oops, my oh my, oh dear, are we touchy today! You mean as opposed to all your quality content posts? Lol. Give it a real tag like @Hodor , daredevil that you are!
  23. 1 point
    Duke67

    Tiffany Hayden stops XRP Promotion

    Tiffany also needs some private life, not spending her whole life on twitter arguing with idiots. She and her family deserves it a lot. And I am sure she is still XRP holder and supporter. EXTREMELY BULLISH.
  24. 1 point
    Freaky

    Jed Year 5

    No maximum IQ required. We'd be honoured to be led by you.
  25. 1 point
    Freaky

    Jed Year 5

    @Ripple-Stiltskin come join the dark side
  26. 1 point
    Freaky

    Jed Year 5

    I reckon with the amount of time most spend on this site, might be worthwhile to become paid shills and fuds. Where do I sign up ?
  27. 1 point
    Tinyaccount

    Jed Year 5

    It’s been happening online for a long while. Perhaps not back when I started (before the WorldWideWeb began) but for a long while... here’s the top search result I found in an instant (not about XRP but about the paid fud phenomenon): https://www.pcworld.com/article/244805/research_paid_posters_poison_the_internet.html One of the fudsters even admitted it to me here in a post. I don’t have the post linked but it is here. But I’ve also read online somewhere... looking for it now... that Bitcoin Maximalists who hate Ripple have paid 60c(? I think that was the amount) per post. It’s certainly not a long stretch to believe it. If I find the post again I will edit this. Yes I will admit I do not give as much benefit of the doubt as I used to... it’s very clear what’s been happening to this forum and not saying anything against it is not an option for me. But rabid dog and paid shill seems a little extreme to me. I try to be polite and stick to facts not personalities. I’m sure that annoys some of you guys.
  28. 1 point
    Freaky

    Jed Year 5

    Why are people afraid of FUD ? Fear, uncertainty and doubt are natural emotions for any type of investment people throw their money in. Any negative connotation on this forum is immediately attacked by the XRP Army zealots. For all the good news stories, adoption, partners and everything else happening with Ripple or XRP, the price is languishing in the gutter. Why can't people be bearish on it ? big deal.
  29. 1 point
    Sadly, I think the upcoming recession will hit the world a lot harder than even the last financial crisis. People are going to be struggling to feed themselves, much less investing into crypto currency. Most people don't have even $5,000.00 in savings.
  30. 1 point
    AMENNNNN!!!! Well said @Julian_Williams
  31. 1 point
    Tinyaccount

    Jed Year 5

    I’m not sure you have yet. Where did you get the volume number from? The fake wash trading volume or the volume that Ripple use to do the calcs?
  32. 1 point
    So you have no evidence then... just as I thought.
  33. 1 point
    ZzZerper

    Digtal Reserve Currency talk???

    Tokenised Gold Pressed latinum on the XRPL
  34. 1 point
    The article includes a tweet about XRP coming to NASDAQ. Exciting developments!
  35. 1 point
    This is perfect! I appreciate the sincere, seemingly non-biased, descriptive tone of this article. 1000 Yen works out to be $9.49 - at today's prices, this works out to be 33 or more xrp. For SBIVC's launch progress, I'd characterize this as still "walking." They've been crawling along for a while now, but now they're walking: fast even! It feels as if it's to the point like when you were back in school, walking to your next class. The late bell is just about to go off, but you haven't quite started running yet, but you know it's coming.....
  36. 1 point
    Hodor

    Visionaries vs. Protectionists

    Blog URL: https://coil.com/p/Hodor/Visionaries-vs-Protectionists/Dtw6Y_8Vw Who will you follow:The visionaries or the protectionists? Learn more, along with all the latest news impacting XRP, in today's blog! 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: The SWELL Conference website is updated with more details; The fourteenth episode of the Ripple Drop is released; Shanna Leonard reveals details about Ripple's marketing efforts; and the Technology Policy Institute (TPI) covers regulatory challenges facing Ripple. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas discusses the importance of the Web Monetization standard with Reinhard Cate; and I indicate six recommended Coil content creators to check out for subscribers. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Nasdaq includes XRP in its default cryptomarket listing; Xago shares the results of their latest meetup in South Africa; and Colodax, CBANKX, Simex, and goFaast all add support for XRP on their respective platforms; 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 Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  37. 1 point
    dr_ed

    Epic Pennant on BTC Chart

    Well, it could be from a big whale move....trading volume is on the low side. I'm just waiting to see if it trends higher longer term....... and if it gets a repeating 1st of the month boost. If so......either or both of those patterns should be an indicator for rising utility. Subsequent conversations with knowledgable folks since I posted the screenshot indicate the big bump in ledger volume is from a single Chinese wallet move...which could signal a dump coming...fyi.
  38. 1 point
    When you see a skyscraper people marvel at its height and some which can touch the clouds. they rarely marvel at its foundation.
  39. 1 point
    https://www.tronweekly.com/ripple-partner-sbi-vc-jump-starts-free-xrp-rewards-campaign/
  40. 1 point
    While Ripple may be "dumping" millions in order to encourage ecosystem development (universities, startups, FIs, broader public awareness, legislation - SUCH A WASTE /s), BTC network is dumping millions into energy partly by coalfired powerplants (now THAT'S a waste).
  41. 1 point
    Facts are facts, sadly for XRP investors
  42. 1 point
    And why should it be "sympathetic"? Does everyone MUST love and praise Ripple? We already have tons of publications about Ripple "achievements". And we even have local "saints" and "prophets" with weekly blog posts, telling us how beautiful this company is. But I myself don't care about the company. Why should I? I'm not a Bank or FI. I just want it to stop dumping millions of XRP and let the price reach $1 So, questions and doubts - are not a crime or a sin. And there is a good reason for their biases. For example this
  43. 1 point
    ringer2

    XRP catechism

    I agree but, unfortunately, that is not how I’ve found the forum to be. There is most certainly a catechism or a canon of XRP belief that is non-negotiable on here. Anyone who challenges those core beliefs are labeled trolls and fudsters. And the discord channel was even worse.
  44. 1 point
    As an exclusively online service, Xendpay is able to provide its customers with some of the most competitive rates on cross-border money transfers. The London-based company even gives customers the option to waive fees with its Pay What You Want service. To extend this extraordinary initiative even further and help millions of people get more when sending their money abroad, Xendpay recently joined RippleNet, opening up new corridors to Bangladesh, Malaysia, Philippines, Vietnam and Indonesia and enabling real-time payment rails to Thailand. “Most of our customers are migrants who are sending money back home,” explained Bhavin Vaghela, Xendpay’s Head of Product Innovation. “This money is vital to support their families: to pay rent or mortgage, electricity bills, medical fees and education costs. Being an online service allows us to reduce our overheads and pass the savings on to these clients, for whom every penny counts.” Xendpay is popular in countries with established and growing migrant communities, including the U.K. and Europe, as well as Canada, South Africa and India. Other customers include students needing to pay tuition fees and receive funds to cover living costs, as well as small online businesses who buy and sell goods from other countries. Transfer Fees Are Optional with Xendpay All Xendpay customers are concerned with maximizing the value of their cross-border transfers, which is why the company’s low costs and wholesale FX rates stand out. What makes Xendpay truly unique is the company’s Pay What You Want feature that allows customers to waive fees on transfers totaling around $2,500 over a calendar year. This ensures that the full extent of a customer’s hard work is appreciated by their families. The Pay What You Want feature also extends to businesses, who can waive fees on transfers totaling around $5,000 per calendar year. “Our suggested fees start at GBP3.50, which is already low for a cross-border payment,” said Vaghela. “Though it may not seem like much, when you translate that into a currency like Vietnamese Dong, it’s a significant amount of money. Our customers can choose to pay our suggested fee or change it to one they feel is fair.” “I think of our fees as similar to providing a tip,” he added. “If you feel like you’ve been treated well, received a good rate and enjoyed the experience, you might pay the recommended rate. We’ve even had clients pay us more.” Opening Local Markets with RippleNet While flexible fees attract new customers, the difficulty involved in transferring anything other than U.S. dollars to these new countries was still a significant barrier for Xendpay. Dealing in smaller currencies required direct partnerships with local banks and the set-up and maintenance of complex API arrangements for each one. Using RippleNet to connect with a robust network of partners has proven to be a simple solution to this problem. “Previously we had to create a whole business case for each partner,” said Vaghela. “RippleNet reduces that complication and friction. There’s a built-in trust factor, which allows us to get to market quicker. We were unable to offer currencies like Malaysian Ringgit or Bangladeshi Taka before. Now that it’s easier to connect with local partners, we can provide our clients with more local currencies and, therefore, see new growth in those corridors.” Even when Xendpay did have an established local partner, the transactions took days to complete. With RippleNet, previously lengthy cross-border payments are happening in real-time. “When we sent Thai Baht, it took 3 to 4 days for the payment to be processed,” recalled Vaghela. “Thanks to RippleNet, a customer in Germany can log onto our platform at 3AM on a Sunday morning and the money will be in their beneficiary’s bank account in Thailand within an hour. More than 90 percent of our recent payments to Thailand over RippleNet have been delivered within 10 minutes.” Growing Ahead of the Competition Xendpay plans to continue opening new corridors and enabling more migrant workers, students and small businesses to transfer money inexpensively and efficiently. The company has also just launched services into Africa, including high-value remittance markets like Nigeria, Ghana, Kenya and South Africa. “As traveling to and working in other countries has become easier, people are also increasingly more comfortable with transferring money digitally,” concludes Vaghela. “The rapid growth of the online payments market demonstrates this. It’s now a highly competitive sector with a growing number of new entrants. By helping us continually open up new markets, keep our fees low and reduce processing times, Ripple ensures Xendpay remains ahead of the competition.”
  45. 1 point
    OlivierA

    The Big Deal

    Hey Hodor, Thanks for another interesting post. I see you have done much more than hanging on, you've built quite a nice blog. I was away on some very time consuming projects for awhile but Coil and especially Cinnamon just brought me back. I would be interested in streaming my movie on the platform, not sure where to start. Any help would be appreciated. As for the XRP community, anyone interested in watching movies on that new platform?
  46. 1 point
    panmores

    The Big Deal

    This statement doesn't make any sense since Ripple completely depends on XRP sales. They'd be nowhere without massive XRP sales. So there's no point about talking about a separation of the two. Of course a token holder has no rights, but that's not the point. Okay, they collect xCurrent and other licensing fees, hopefully so, but all the expansion depends on XRP sales. So what is good for the XRP community is also good for Ripple themselves - or else they already make so much money thanks to this golden token goose that they just only care for their shareholders? Not likely.
  47. 1 point
    Recently there has been a narrative the past few months that cryptocurrencies or the current digital assets traded on the open market are non-correlated assets to the traditional markets. While this rhetoric has been reiterated, there has not been any substantial evidence backing these claims. General retail investors would stereotypically agree that the crypto market behaves in a chaotic manner. Untethered from any external influences and simply driven by its gradual adoption as a means of transacting business without third parties or as a haven. But given historical macro movements, it appears that there has been a correlation to equity markets. Intermarket relationships typically become exaggerated during the months of large macro movements in the markets. Allowing relationships between assets to be easily observable. While the crypto market is relatively “young”, there are several instances within the past few years that have met these conditions. The infamous bull run of Q4 2017 and the September movements of 2018 were two distinct periods where the intermarket relationship between the cryptocurrency market and equities appear. For the sake of discussion, my observations will be primarily focused on XRP. Both BTC and ETH will be sparingly mentioned as most digital assets moved in tandem during these periods. December 2017 During the period in which both BTC and ETH rallied into Q4 2017, alt-coins were experiencing both drastic and exponential bursts of appreciation and corrections. These price movements were often random and unsupported by any announcements or developments in their blockchain networks. And while retail investors in the crypto market were perplexed by these movements, managers and investors outside of the space realized a bubble was forming. XRP’s sudden ascent into single digit dollars late December spurred rumors of elaborate projects going “live” on the XRP ledger or that massive funds had begun to invest into the digital asset. Yet understanding the financial and economic environment during this period provides valuable context to XRP’s movement. At the time, the US domestic economy (along with other major economies in world) began to enter the late-cycle economic phase. Throughout 2017, global markets were experiencing a bull market that was reflected in equities. Bull markets tend to create feedbacks in which investors continue to reinvest or utilize more capital as assets rise in value and new market participants enter. As lenders and speculators gain money fast, speculators equity grows giving them more collateral to secure new loans to reinvest which reinforces the bubble. As speculators continued to make more money, they began to reinvest in even riskier assets. The crypto market at the current time was a completely new and unregulated market to retail investors, making it extremely speculative. As investors from the traditional markets continued to earn capital, they began to seek other avenues to make more money. Eventually more and more investors found themselves entering into the crypto market after either hearing or seeing how participants were doubling or tripling their money effortlessly and quickly. During a bull market, investor psychology begins to change due to the influx of money being made. This eventually causes a shift in investor mindset where the appreciating assets they own are sacred to them and that anyone without them are missing an opportunity. Which exactly matched the general sentiment around the crypto market in Q4 of 2017. Essentially the performance of global equities created a spillover of capital that reached digital assets. Looking at the historical charts during this period and overlapping them, one can visually see this movement. Equities and the total market capitalization of the cryptocurrency market reached all-time highs within a month of each other. Along with reaching all-time highs in unison, markets began to roughly correct simultaneously with crypto being the first to do so. This was easily explained as cryptocurrencies are extremely speculative in comparison to the equity markets and thus carry the most risk. As markets began to reach their tops, riskier assets began to sell off first which was then followed by other, more traditional financial assets. In order to find how strong of a correlation between US equities and XRP during this period was, one would have to calculate and compare their respective performance. There are several methods of calculating relationships between assets, but my methodology will be focused on calculating the Pearson and Spearman coefficient. Both calculating the Pearson and Spearman coefficient will measure the extent of how linear the relationship between both assets are. Both coefficients are always valued between -1 and 1. A positive coefficient implies a positive correlation while a negative coefficient suggests the relationship being inversely related. Along with that, a coefficient around 0 indicates the relationship between both assets is extremely weak. Spearman's correlation determines the strength and direction of the monotonic relationship between the assets rather than the strength and direction of the linear relationship. “A monotonic relationship is a relationship that does one of the following: as the value of one variable increases, so does the value of the other variable. Or as the value of one variable increases, the other variable value decreases.” (1) The following calculated coefficients used both the SPX and XRP daily closing price (excluding the weekends) from January 03, 2017 to May 10, 2018. Ending at May due to visually seeing a divergence begin between both assets. A total of 341 observed daily closing prices for both SPX and XRP were observed. The Pearson coefficient between the assets was calculated to be 0.783669 while the Spearman coefficient is 0.861674. Both coefficients calculated suggest a moderate to strong correlation between the S&P and XRP during this period. Confirming the assumed correlation derived from visually interpreting the overlapped historical charts. Final Thoughts: • Due to the crypto market being illiquid and having shallow order books compared to equity markets, cryptocurrencies experienced exaggerated movements compared equities. • The May divergence can be attributed to many factors such as governments clamping down on exchanges/cryptocurrencies while warning retail investors that crypto was an unregulated space and penalties could be handed for illicit activity. Another possibility could be that capital began to flee in the wake of a bear market beginning in cryptos and along in global markets. September 2018 Although a divergence followed the market corrections of early 2018 between equities and cryptocurrencies, the correlation would reemerge later in the year. While digital assets further depreciated from a correction into a bear market, equities rallied the following months from May. Global equities rose to month-long highs in October with US equities reaching their previous record highs at the same time. Crypto at the time was finally stabilizing itself from the previous correction in January and began to consolidate. But without any developments or announcements, XRP saw its value rise significantly in September 2018. In respect to the other digital assets, XRP was the only major digital asset to experience such drastic change within a couple of days. The extreme movement once again spawned several rumors of entities utilizing the XRP ledger for operations. But US and global equities during these months provides an insightful context to the digital asset’s movement. For example, US equities once again topped in October and began to enter a period of correction with XRP reacting and following the market. To further support the argument of the equities’ influence on crypto, XRP mirrored the stock movement of SBI Holdings. SBI is a major share holder of Ripple and promoter of Ripple’s technology in the Japan. Forming the Japanese banking consortium intended to use xCurrent for domestic rails and SBI Ripple Asia, a subsidiary meant to drive adoption of xCurrent and xRapid in the Asian Pacific region. Explaining the inexplicable tandem in movement between XRP and SBI’s stock. Calculating the Pearson and Spearman’s coefficient describing XRP’s relationship between the SPX and SBHGF(SBI stock symbol) provides support. Observed daily closing prices of SBHGF, SPX, and XRP from September 17 to December 14 was used in the calculations. The intermarket relationship of XRP and the S&P displayed a Pearson coefficient of 0.509245 along with a Spearman coefficient of 0.600470. Suggesting a moderate positive correlation between assets. In respect to XRP’s relationship with SBHGF, the Pearson coefficient during this period was 0.712559 with a Spearman coefficient of 0.706631. A strong, positively correlated relationship between the assets. In comparison to the correlation’s strength in 2017, the S&P and XRP’s relationship weakened but XRP’s tracking of SBI’s stock reinforced the notion that crypto was still being affected by equities. But regardless of the amount of market participants, capital, or volumes traded, money from the traditional markets entered and withdrew themselves for the second time. Final Thoughts: • An explanation on why the calculated Pearson coefficient weakened the second time around could be that the sample size of the data taken is much smaller in comparison to the original calculation. The crypto market was also a lot more regulated than what it used to be. Possibly dissuading previous participants from the traditional markets on entering again. • There appears to be a pattern in which whenever equities reach a localized high, the crypto market potentially receives an influx of capital from the traditional markets that causes a rise in valuations. Present Day Understanding and observing ONE of the main historical influences on cryptocurrencies can help us interpret the movement’s of today. The economic and financial environment also provides valuable context in interpreting current movements. Back in 2017, cryptocurrencies were the new fad where money was to be made. Currently there is a similar movement going on in the traditional markets that involve IPOs. Displaying a similar bullish or even FOMO (Fear Of Missing Out) sentiment crypto witnessed by the general market. These past few months have also seen very familiar movements in the markets. In the month of July, there was a broad rally across on all different types of assets. Whether it was the more commonly traded stocks or the defensive assets such as bonds, much of the market rose synchronized. Even speculative assets such as crypto, which are last to receive capital due to their risk, witnessed a rise in prices. Both BTC and ETH broke out of their downward month-long trends to post new relative highs. With XRP seeing movement as well but not to the degree of the other digital assets. And as equities began to top out again, corrections throughout the markets began to ensue. Currently it appears that what traders witnessed last October and even further back, January 2017, in the markets has occurred again. The third time in which cryptocurrencies and equities have topped and corrected in tandem. Yet past performance is not indicative of future performance or movements. And while I personally believe that this relationship will change in the future, observing and considering historical trends helps us put the cryptocurrency market’s recent movements into perspective. Time will tell.
  48. 1 point
    They = High liquidity exchanges that don't want to get trouble for not doing they KYC/AML
  49. 1 point
    In other news, an asteroid could hit earth tomorrow.
  50. 1 point
    Glad we agree on something! Come to think of it..... I do have a certain finesse, a certain touch and charme while making people ridiculous, one simply can’t suppress a smile and ignore the love that fills the frightened heart while being bashed by me. I believe that there lies my added value for this forum. And quips. Lots of quips.
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