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Showing content with the highest reputation since 11/13/2019 in Posts

  1. 27 points
    Truckdriver

    Hodor , missed but not forgotten

    Man do i miss @Hodor weekly blog's . They kept us informed , educated and were a great source for me to think outside the box , it didn't matter how many times i scoured the internet for information he always surprised me with something new , i certainly enjoyed his summary , it was the best bit for me. I'm really looking forward to what he bring's to the community next and i hope we don't wait too much longer. In this thread , post a thought , picture or a gif of what you may think he/she may look like , keep it light and respectful , as respect is what he/she deserve's after dedicating so much time to us as a community. So just saying @Hodor missed , but not forgotten .
  2. 25 points
    Molten

    Charting the course of XRP

    I think now is a good time to take a break from watching the price. I am not looking for a big bounce anytime soon and I am finding the constant price checking to make it more difficult to stay within my investment plan, which is to hold for 5 years from my initial purchase price. By that point (2022-2023), XRP will most likely either be valueless or have appreciated quite significantly. Watching the oscillations until that point serves no real purpose as a non-trader. Part of my purpose in teaching myself TA was to identify good potential exit points, but we are currently nowhere near a price that would necessitate an exit plan. So, I think I am going to check out of the forum for a while. I will be hodling all the way and I may check in from time to time to see how everyone is doing, but I want to distance myself from the day to day price action. Thanks to everyone who has contributed (positively) to this thread. I hope when I return every so often that the thread is still alive and humming, along with the other magnificent contributions from this community. Best to everyone and good luck to all.
  3. 21 points
    crypto eri in her two latest videos has evidence that is reliable from a CEO that the Japan corridor is opening in Q1 When you do not trust in the development of business you are investing in you should be seriously looking at getting out I have been buying xrp every month since late 2017 and feel as bullish now as any time - every one must make their own judgements
  4. 19 points
    Toroth

    Good luck to you all

    It's been a fun and interesting 3 years but i had to sell my remaining stack this past weekend. Not a day goes by that i don't regret not paying off some of my debt when i had the chance. I just never thought XRP would do a 100% retrace considering BTC and ETH did not. Still believe Ripple/XRP will succeed in the long run so i can only hope my finances are in order before it's too late. Until then, I wish you all the best and your dreams of fortune come true.
  5. 19 points
    Worth watching. https://www.youtube.com/watch?v=FFbgrKCWXJA&feature=youtu.be
  6. 19 points
    I don't intend to disagree with the overall sentiment of your statement. My experience is that - by and large - things of significance do tend to get leaked. I agree. I will just note here, however, that the largest Ripple announcement was with regard to Moneygram and the only "leak" came from a relatively obscure crypto personality called CryptHawk (who is much less obscure now since being the leaker) who only sort of got it right. My assessment of his source on this leak was that - most likely - he had contact with some sort of Russian hacker who had a RAT installed on the computer of one of the paralegals working for the MG or Ripple lawyers overseeing the transaction. This was a major event for Ripple and MG. This was the most significant event thus far in crypto, IMO, with regard to mainstream adoption. And the sole leaker was largely dismissed - mainly by the XRP community - and the leaker himself was a very obscure, relatively irrelevant individual who leaked the information. This was no actual insider. Here's what I think: I think Ripple/XRP news is big for US. But I think - by and large - comparing Ripple/XRP/Crypto news to Apple's iPhone model releases is a massive overestimate of the majority of the population's concern over Crypto. Virtually everyone knows what the Iphone is. By and large, most people don't know what Ripple or XRP is and - as far as bitcoin/crypto goes - most people still just don't care. As such, it's just much less prone to leaks. I think your error here is an error of scale. It would be leaked if there were really that many people who cared. Yes, the "XRParmy" seems large to the crypto space, but the crypto space is still very, very small. That said, I do think most of the partnership rumors are BS. But I don't think a massive partnership would necessarily be leaked in any significant way or at all; at least not now. We've seen a big one go largely unnoticed until it was a done deal. Good point of discussion, however.
  7. 18 points
    Molten

    Charting the course of XRP

    For the negative posters on this thread... a lot of people come here to post and share ideas. I think a lot of people have shared knowledge that is very valuable. Coming on here to tear people down because you are unhappy with the decisions you've made, investments you've made, etc is weak and petty. Whenever I encounter negative and small people, I am reminded of a timeless quote by Teddy Roosevelt. In a better world, all of life's many trolls would read this and take some time to reflect on their life choices. But, being the small and inconsequential people that they are, they won't. They will just keep on being terrible. "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." @Moonraker and other trolls, don't bother replying to this because I've already ignored you.
  8. 17 points
    https://www.xrparcade.com/news/hdfc-one-of-the-largest-private-banks-in-india-is-now-a-ripple-customer/
  9. 17 points
    Moral of this story: only invest in coins when you’re 100% certain you will make more money than your friend.
  10. 15 points
    I've been around technology for over 30 years. I know NDA's and have signed and created hundreds. I know the IT world and the personalities that live and breath IT. With this much publicly revealed activity and strong hints from Ripple leadership on a bigger undisclosed list of users/customers..... Why is there not more credible leaks of info? - TRUE STORY....this stuff can be kept under wraps for months even years, but not forever....there seems to always be loose lips.....where are they? These APPLE rumors if actually had some truth would leak just like there are always leaks around product launches, iPhones always seem to get photographed and detailed functionality made public.....where are the leakers? And what about insiders at Bank of America's IT world.....??? I know I will get bashed for this....but this is what concerns me...... We are not getting leaked validation on some of the great rumors. Yes this seems to contradict "Rumor and no validation".....but how does something this big not get leaked to mainstream media with anonymous sources that puts the mainstream media comfortable with printing the news?? especially with the failed push by Facebook to enter the crypto world.
  11. 15 points
    fatlever

    Good luck to you all

    Anyone that compares XRP or any crypto which are completely speculative assets with no fundamentals to the traditional stock market where companies generate revenue and have fundamentals is holding heavy bags and is under the delusion that just like the stock market this is going to go back up. Yeah, it's speculative. That means, you have to be stupid to think it's undervalued or overvalued. It has no fundamentals. If you think it's undervalued, it can go lower...and lower... and lower......and lower and keep going. In terms of price, XRP is lower than it was 1 year ago, 2 years ago...heck almost 3 years ago. A lot of coins aren't. In terms of adoption and utility, it's very hard to argue that it's any better off than it was 1, 2, 3 years ago unless you're celebrating Mercury FX, Cuallix, etc claiming to use xRapid as adoption. Or you're claiming that Ripple overpaying for MoneyGram stock which is down from an ATH of $280 to $2.50 or in the past 3 months from $6 to $2.50 as adoption and progress. MoneyGrams ATH of ~$280 and current price of $2.50 also goes to show you not everything recovers so it's utterly stupid to say it's "a very stupid time to sell."
  12. 15 points
    lucky

    Spam? suspect BTC payments on XRPL

    I don't think this is spam at all. If you look at the transactions, you see many transactions that pay well over the minimum transaction fee. Here's one that burned 0.01 XRP. This means that the sender wants his transaction go through, and is prepared to pay a higher fee to ensure this. A spammer would not do that. 40 tps at 0.01 xrp would cost him one million xrp per month. Still small change in comparison to costs and fees of legacy infrastructure. I think this is legitimate testing of the ledger, for real world usage. Maybe a bank or group of banks testing with it, maybe polysign.io doing tests, maybe an exchange or group of exchanges. Maybe something is already live even, and what we're seeing is real world use of something that we don't yet know about. Either way, the only way to convince FI's and banks that the XRP ledger can handle real world load, not just speculator and hobby usage, is to actually demonstrate this. That is why I am very pleased with this increase of tps. Hobby users with their validator below their desk being forced out is part of growing up and entering enterprise-grade utility. We've seen the same development with the Internet. And I am old enough to remember hearing the same arguments from people advocating against professionalizing the business, clutching to the romantic yet misguided vision of everybody including their grandparents running their own mailserver, nameserver, nntp server and webserver in their basement. You would not be able to read what I wrote here, if it weren't for the efforts and risk-taking of countless corporations that have made this possible. From cpu manufacturing to enabling a functional power-grid, and enabling a global functional Internet through massive data exchanges, and transatlantic cables costing billions of dollars: massive undertakings only possible through the process of people organizing themselves into corporations and getting things done. Similarly, the open and low-cost payment infrastructure that is now being created, and will be accessible and affordable for everyone in the world to use, will be made possible by entrepreneurs taking risks, investing their own time and money in it, and convincing others to participate in their endeavor. I am strongly convinced that the developments that are set in motion, with incentives so well aligned, are unstoppable, and that those at the sideline that are anti-entrepreneurship and anti-capitalist (yet don't have any better idea themselves: communism has failed) will not be able to prevent that.
  13. 15 points
    LilBender

    Galgitron's bionic XRP

    Every month, when her aunt flo visits her, Galgitron feels the incessant need to tell everyone what they already know; albeit with the condescending, dismissive tone we all know and love from her
  14. 14 points
    peanut56

    Dilip Rao retiring.

    He will be missed. I hope we all will retire soon.
  15. 14 points
    Before I start I would like to point out that I do work for the Foundation. However, you should not take my words as endorsement nor advice. Not trying to sell you anything. I just wanted to reply to a few questions as I was pointed to this thread. cscchat looks like xrpchat because some of the XRP folks suggested to set something up like this. It's community-driven and free from the influence of the Foundation. CSC is a project fork of the XRP codebase, running its own ledger and infrastructure. This path was taken, rather than building on the XRPL, for a couple of reasons. We needed to ensure that we can develop things the way we want, without relying on Ripple. Running our own ledger allows us to modify it the way we see it fit. This might be because of things we want to build or at the request of regulators or partners. CSC is currently listed on 6 exchanges. We do not endorse exchanges and we do not pay for listings. The Foundation didn't collect money and runs on its own budget. We can't hand out free coins or pay lots of money to buy us in. Getting new listings is an ongoing process. We also don't pay market makers. If you consider volume as the main sign of success, I will have to give you that one. But I get the feeling people have been under the impression that other projects came out of nowhere, with a lot of listings, millions of volume and high liquidity. To my surprise, I can't remember this happened even once in the last 9 years. The same goes for the number of partnerships. The Foundation itself does not speculate about the price of CSC and does not participate in discussions about it. CSC is very cheap to buy in at the moment, that's true. We are targeting regulated markets and are working with evolving markets towards regulation. While a lot of crypto casinos run under a Curacao license, there is no fully compliant crypto casino (Tier 1). I am aware of FunFair owning a Tier 1 supplier license. The goal is having CSC being used by casinos. Customers getting onboard via our BRM, being KYC'ed (which is tied to their CSC acc on-chain) and can use the BRM as an advanced wallet that offers a sort of lobby that lists our partners. Some of the benefits for players, based on how our partners integrate us, is fast onboarding, including KYC, along with the ability to move funds fast between casinos. The BRM is just one of our solutions. Just a few benefits, depending on how you look at it. Gamblers: Ability to move funds fast, less often need of KYC Operators: cost savings per tx, no chargebacks, target audience Regulators: Easy to audit and immutable records of transactions tied to KYCed people. Ease of AML measures. I should mention not all of our products are available to the public. The current crypto market condition is not one of our main issues. We don't target crypto people, we are targeting gamblers. To make this happen, we are currently working on better on and offramps. I keep hearing this a lot and I just want to make this clear: We don't pay people to promote our work. If people do so, it's based on their motives. And yes, some XRP people have joined our community. We didn't incentivize this. I have met a lot of good folks from the XRP community, luckily more than "bad" ones. Partners can technically choose to use CSC native. If they don't want to do this for any reason, they can create a token on the CSCL. This gives them full control over their ecosystem and the ability to fully brand it. For some use cases that makes more sense. Yes, partners have to donate 25k worth of CSC to the Foundation. Development, infrastructure, and support aren't free and this is one way to generate revenue. It's not a secret. The Foundation is a non-profit registered on the Isle of Man and Malta. Again, not trying to sell you anything. I just wanted to comment on a few points that have been made. Other than that, feel free to ask me anything.
  16. 13 points
    xrpmommy

    SBI holdings latest presentation

    http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/191202presentations.pdf
  17. 13 points
    Mainstream media article seemingly in Ripple’s and XRP’s favor. Nice to see for a change. “XRP transactions recently rose to new highs above 4 million per day, dwarfing that of popular cryptocurrencies Bitcoin and Ethereum.” https://www.fool.com/amp/news/2019/12/01/ripples-50-million-investment-in-moneygram-is-fuel.aspx
  18. 13 points
    Regarding scaling up ODL deployed corridors... From what we've gathered watching the metrics at Bitso, volume usage is throttled by the order book depth at the receiving endpoint - that is, the MXN buy orders need to be in the optimal range for that route to be used at the time for a required value transfer. Note, the last three days at Bitso they show trade volumes consecutively in the top all-time five (12-14m). I'm currently researching the dynamics of their respective order books, and hope to have something to add to this thinking soon. As for inviting the "influencers" to Ripple's august meetup... That is fairly unconventional to say the least lol. But for a company based out of San Francisco, with a "long-haired" Director sporting a pirate patch on his Twitter avatar, and a corporate website with their 404 set to the Grateful Dead's dancing bears... Well, this is a most special company
  19. 13 points
    dr_ed

    Charting the course of XRP

    No, it does have a great deal to do with the market. The market is a sea of red. To say that XRP price is not appreciating because utility is lacking.......ignores the fact that coin prices make huge movements all the time, and almost none of those movements are related to any real utility....at all. This is a TA thread. Post a chart or go somewhere else. I'm tired of your lame troll bullsh!t.
  20. 13 points
    jbjnr

    On Demand Liquidity - Really?

    Market makers earn money through buying and selling with a spread. As ODL volume increases, the amount of money being made by market makers increases (given a fixed spread). This raises the price of XRP because it becomes cost effective to pay more for XRP and outbid other market makers who are also earning $ from the spread. There is a lower bound on the price of XRP that is proportional to the ODL volume. When the daily volume enters the $100m+ per day we will (I believe) start to see a noticable (and possibly dramatic) effect on price. This is based on my own theory and models but I have yet to see a counter argument that negates the price rise effect. One might argue that the spread will simply drop as volume increases, but it does not need to - as long as the costs overall are better than the existing nostro/vostro costs then ODL can outcompete and spread does not need to drop further. Currently we have a couple of corridors with total volume under $1m per day, when this goes up by a factor or 10+ and we have 10+ times as many corridors, I am quite confident that we will see price increases. (My numbers are not exact).
  21. 13 points
    Let's do this again next year guys. Keep the tradition alive.
  22. 12 points
  23. 12 points
    smithers

    SBI holdings latest presentation

    As they say, there are two types of people in this world: 1) Those who can extrapolate from incomplete data I wrestled with given numbers (nov 1 to 15 vs nov 18 and 22; 7,9x increase in accounts) and came to an answer. See graph below (I assumed that nov 1 there were 100 new accounts). This graph acts accorging to an algorithm that every next day there is 1,38x more new accounts made. But wait, there's more! Now the extrapolation steps in: As you can see, if SBI can maintain the same growth rate (I assume that will be the case), then dec 31 there will be ca 30 billion accounts opened. That's not bad at all
  24. 12 points
    it took bitcoin only 9 years to go from nothing to $20,000. im quite sure most people here wouldnt mind waiting 9 years for xrp to hit $50 or higher. if its too long a time, try to make this kind of money at your 9-5 job in 9 years.
  25. 12 points
    The ODL now in production on the early corridors have demonstrated it's working as designed. Getting the depth of market order book re-balancing dynamics all tuned is a complex process, and is still being refined. It's working, so Ripple saw little risk in initiating the next phase of scaling up with more production deployment. The Crypto gods have smiled. We can only guess what will be the volume inflection point which will mark the beginning of demand-driven market valuation. Until then, we at the mercies of speculators and manipulators. These anomalous spikes and dips we've recently weathered have proven ODL is resistant to any impacts by the price fluctuations. IMHO, this "field" success did trigger Ripple to make the buy and commitments to the next scaling-up phase with MGI. And now Santander... 0Doubt mates
  26. 11 points
    jbjnr

    Dilip Rao retiring.

    Dear Mr Freaky Sir, You've been the best Fudster on this board for a very long time. Always negative, but with a politeness and charm that makes us all love you dearly. So with that in mind, if you have news from your organization that the formerly cold shoulder of antipathy towards ripple might now become a warm and tender embrace then I think we all deserve to know a little more. In the spirit of sharing, here's a graph from my latest daily plot of USD/MXN corridor payments that shows a slow (but steadyish) climb up the stairway to (buckethead approved) heaven, and like Barry Allen confiding his secrets to Dr Wells, we hope you will in turn divulge to us some of the festive cheer that gives you bullish hope. By this, I mean only to say, 'Spill the beans you miserable xxxxxxx'.
  27. 11 points
  28. 11 points
    ErikNL

    Paypal Pornhub and xrp

    They already have a partnership with Verge, so I don't really see XRP cuming soon.
  29. 11 points
    WuWei

    USD-PHP corridor becomes active

    No, not exactly, however, I first got into Apple even before Microsoft had come out with Windows: way back in the 80's, I believe. I saw clearly how the graphical user interface was the way of the future, and not the much more widespread, and "popular," but terribly clunky, DOS. This was before Apple later became successful and went on to split like a million times. I remember initially loading up at under $16 a share. (historical charts now recalculate that $16, due to all the subsequent splits, as being valued somewhere in the .25ct price range) I thought that I was doing great and started selling when it started breaking out of the $30's. My overall point being, there are companies such as Ripple, whose products are so potentially transformational, that investing in them early, and weathering the inevitable doubt that follows, has the potential for life-changing rewards: it just takes extreme patience and resolve. It's still ultimately gambling, but at least it's a game where doing your homework can greatly influence the odds. And I fully agree that Ripple's grandiose objectives, and therefore the potential, is much greater than even Apple & Netflix combined - to the point where it actually defies comprehension at such and early stage of the game.
  30. 10 points
    superavd88

    Uncertain Future

    I don’t consider myself as devoted to XRP as a lot of people who I’ve seen are. For this reason, I haven’t spent countless hours researching about it and might not have an expert knowledge to answer some of my own concerns. I do see potential in what is happening with our financial system and because of that I do have a couple of thousand dollars invested in XRP. Here are some of my concerns: Part of the XRP community – My only experience so far has been youtube so I'll talk about what I've seen there. I think it’s great that youtubers are posting information of things that are happening with crypto and XRP, I’ve seen several videos that help me go out and read about some of the events mentioned that I wouldn’t have researched on my own; however, a lot of the listeners and followers are incredibly sensible towards any negative comment or mention about XRP which makes the content in YouTube extremely biased. Critical thinking is all about listening to different facts and opinions to create your own view and judgment. I think a lot of people either have more than they should invested in XRP or are obsessed with the economic bubble that happened back in 2017 and are expecting for that to happen again in order to get rich quick. Not hearing about the challenges, pitfalls and shortcomings is not good for making educated decisions; promoting crazy valuations make me lose credibility on what some youtubers are posting. This brings me to my next point: Actual value – I might not know all the technical aspects of what XRP can and cannot do but I know that in any market things usually end up aligning to their intrinsic value (invisible hand). I can see the utility that we can get with quick and inexpensive fiat transfer and conversion however in any practical scenario for the use of XRP I can’t see the value of the coin being greatly affected. This is due to the current supply and the speed of the transactions. My understanding when listening to Brad Garlinghouse talk about volatility is that the value in XRP would be the ability to buy with any fiat currency and sell it within seconds so that your currency maintains the same worth at the end of the transaction without holding XRP a long period of time due to risk of volatility. Based on that assumption let’s say that the whole process takes 20 seconds to complete, let’s suppose that you have accessibility to transact 24/7 and let’s use these variables: 1 XRP = $ 1 USD XRP Supply: 50 Billion This would mean that at that price, XRP would have the potential (In an unrealistic perfect and hypothetical scenario) to transfer $216 trillion dollars in a 24-hour day without affecting demand or supply very much due to the 20 second transaction time. I like to compare this to buying something at the store and returning it before you leave the store; their inventory levels are quickly replenished. Even though this scenario is not possible it still tells me that the price of XRP does not need to be extremely or very high at all to accommodate a ridiculously immense amount of demand. Based on that, the biggest factor that would influence the price would be the supply availability - XRP being tied to either medium- or long-term investors. Another aspect would be to assess the fact that XRP has competition with other crypto such as Stellar Lumens which further increases the supply of coins that are available to cover the financial demand, and this consequently dilutes the prices of both assets. My last concern is this one: Ripple Accountability – To my understanding Ripple does not have any accountability for the price of XRP as they are both separate entities. In my opinion this feels like a company going public to fund their endeavors with the catch that they are not accountable to their shareholders for the value of their stock. This gives Ripple complete freedom to create new technologies separated from XRP without any concern if that negatively impacts the prices as the profit is ultimately theirs. As most everyone who has money tied to this, I want XRP to bloom so that I can profit from my investment. I do have a lot of uncertainty however, and I wish that more of these issues where brought up without any biases or feelings involved to better assess what XRP is worth to me at a personal level (How much of my investment money I want to have tied to this).
  31. 10 points
    Tinyaccount

    Uncertain Future

    Thank you for touching on nearly every fud point that exists. If you are genuine there are lots of discussions about all your points that show the underlying assumptions are often incorrect. I suggest you read rather that ‘watch’ about XRP so that you can get a more balanced view. Have look at this site for a start and maybe go to it’s main page and read its’ other cards before going further afield. https://fudbingo.com/price-won-t-rise-because-xrp-is-too-fast
  32. 10 points
    Stedas

    XRP from 0 to 100 B

    XRP in 20 numbers: from 0 to 100 B View infographic: https://www.stedas.hr/xrp-in-numbers-infographic.html
  33. 10 points
    Update on this morning's ODL at BS/Bitso action... I don't wish to clutter up this thread with too many more charts lol - but you can see the full hourly charts right now reflecting this morning's action at my "Live ODL..." page here: https://wp.www-net.com/xrp2mxn-demo-test-page-01/ And here is the action as shown in Tradingview's chart for BITSTAMP at same time this morning: If you look at my charts, you'll see a clue on the speed of the "re-balancing" latencies we've been mulling over... Here's the snip of that action, and the timings: This shows the ASK (in MXN) prices when the 2.5m XRP was bought in hour 16. Note that even tho 300k and 250k of XRP were bought at Bitso in hours 17 and 18, the MXN prices had already recovered from the 2.5m trade and held while the two latter XRP buys were executed ! This is very positive, I would think this will encourage nudging up the ODL volume even more for this corridor. And I'm ALMOST done with the "DoM" chart and slippage calculator, so much coding to do, so little time lol. EDIT to add: Note the slight rise in USD pricing at BITSTAMP after the 3.5m XRP bought there - this is what we're watching for as the ODL volume ramps up...
  34. 10 points
    Molten

    Charting the course of XRP

    The market is comprised of people and people make up the sentiment. I don't know how old you are or what kind of bear markets you have been through, but I've seen a few. They always sound like this at the bottom. Just like the top when everyone is calling for ridiculous highs, except without the fun and excitement. All this time that XRP was dropping and the mood here and on Twitter was good. "Rocket moon next week!" Finally, FINALLY, we are seeing true capitulation. Anyone who says the price is set to go up is burned at the stake!! Those who have followed me know that I'm not a mindless shill and I've tried to be fair and balanced. I called for XRP to break below $0.28 when everyone else thought that was crazy. I am of the mind currently that we are at or very near the bottom. I could see us testing the support at around $0.18-0.19, but I would be shocked to see much lower. This doesn't mean that I am expecting a parabolic moon from here, but I think the bottom is forming. Let's see how this post ages.
  35. 10 points
    WuWei

    Good luck to you all

    It's one thing to identify a technology, a product, or a service even, that has success written all over it. It's another to not get overly excited and jump in either too early or especially, too deep. Only if you can weather a long storm of uncertainty, with no financial duress influencing your outlook, do you really have a good chance of knocking it out of the park with an investment. It's written all over most of the major success stories, that they've had periods of huge price retracements, before eventually going on to incredible appreciations. It's sad to see people get shaken out of good projects, before their roots have had a chance to take hold.
  36. 10 points
    Tinyaccount

    Dilip Rao retiring.

    I live in Australia. It’s a small place. We all know each other. His brother was telling me last night at the BBQ that it’s because he doesn’t want to have to deal with the flood of new customers they are about to receive.
  37. 10 points
    They were invited because they have an audience and would produce content for said audience during and following their visit to Swell. It's glorified marketing. That's literally it. There's no endorsement, tacit or otherwise, going on here. They won't have been privy to anything other than company line information. They're useful idiots brought in to spread the message as a 'neutral' source. I've been a journalist for 15 years now, I know what this stuff is, and what Ripple has done here is nothing out of the ordinary. It's just good PR ("hey cool they invited x from Youtube!") and, as I said, gets the message out from a source that isn't direct from Ripple. Note: I'm not in any way saying it's a bad thing what they've done - it's just a normal thing. It doesn't bear reading much into at all. It's certainly nothing special.
  38. 10 points
    lucid99

    How low can you go?

    I'd be careful. It took me some time but I've made peace with the fact that XRP is going no where any time soon. We're approaching the price where even those who bought in early 2017 will be in the red. So for those of you who may still be in the green, be careful about catching this falling knife. My biggest regret was trying to dollar cost average this one instead of taking a small loss and calling it a day. XRP has shown no resilience whatsoever. It totally missed out on any of the bull runs in the past year, it's consistently at a yearly low, and it's now approaching the zone where even those who bought in early 2017 will be in the red. Buy low, sell high, right? Capitulation? We're so far past that. It's become increasingly clear that this is a failed experiment. Utility has not moved the needle in any meaningful way and there is no reason to think that XRP will rebound any time soon. Could it bounce back tomorrow? Maybe. But the trend is not your friend.
  39. 10 points
    Eric123

    Epic Pennant on BTC Chart

    My theory on Bitcoin's price cycles is that they are designed to create new price perceptions in the public, where prices that were previously considered ridiculously high start to look like a good deal. I know this has happened with me. I remember when $400 seemed like a lot of money for a bitcoin, then later it seemed cheap - the same switch in perception happened for me at $1,000, $3,000 and now $8,000. Bitcoin at $8k is now looking like a good buy to people including myself. It's not the forks that are a problem - there have been so many forks of Bitcoin that I stopped keeping track after Bitcoin Gold. Since Bitcoin Cash there have been 44 forks, none have affected the price (except for Cash and the later Cash fork with SV) and most have gone completely unnoticed. It was the fact that a guy claiming to be Satoshi and claiming to hold $6Billion of Bitcoin was threatening to drive the price to $1k to support his fork that caused the problem, that and people believing he could do it. Forks https://thenextweb.com/hardfork/2018/05/22/bitcoin-hard-fork-useless/ Craig's Threat https://www.coinspeaker.com/hash-war-is-on-craig-wright-threatens-to-crash-bitcoin-price-down-to-1000/ Craig's Excuses https://bitcoinmagazine.com/articles/judge-rules-against-craig-wright-criticizes-credibility-in-court-decision
  40. 10 points
    WuWei

    USD-PHP corridor becomes active

    Wowwww, very exciting times these are. Four more corridors by the years end, according to MoneyGram at SWELL. (or three more if this was one of those) I've been fortunate to have watched, and to have "participated" in, Apple, Netflix, Digene, Luna, and Sirius/XM as they all began their "crawl, walk, run" journeys. (like an impatient dummy, I impulsively cashed out way too soon on most of these!) This by far, has been the most exciting of the bunch, and I predict that it will one day be the most revolutionary as well. That being said, however, topping what the impact of Apple's combination of supercomputer/cell phone has done, will take some time - but I predict that it's inevitable.... For the "youngsters" out there: and YES, this is investment "advice;" might I suggest you put a "little" aside and absolutely don't touch it for TEN full years. Had I done that with any of the above mentioned companies, I could've retired in my 40's. (vs my 50's now) And as for health advice, start now with getting into decent shape, as it's gonna be no fun having all the time in the world to do whatever you please; and hopefully the money; when you find yourself trapped in a body that's in terrible shape. An acquaintance of mine was a retired hedge fund manager, who went on to be a personal financial consultant to clients whose portfolios were growing rapidly, and who sought his advice. The first thing that he would do, would be to strongly "suggest" that they purchase a treadmill to use regularly in their homes, in addition to a gym membership. He told me that he would later follow-up to see if they had acted on his advice, and if they hadn't, he would decline to accept them as new clients. He related to me that if they weren't seriously invested in their own health, then why should he invest in their financial wealth. Start working out everyone; by hiking, biking; whatever; the time is now to get in decent shape for 'surfing' the waves that are coming....
  41. 9 points
    https://www.bobsguide.com/guide/news/2019/Dec/10/ripple-growing-quickly-but-may-wait-to-review-transaction-data-publications/
  42. 9 points
    https://www.xrparcade.com/news/kogopay-to-connect-using-the-ripple-system/
  43. 9 points
    Kevin Chou, CEO of Forte Labs, gave a very good overview of his gaming background, 100-million dollar partnership with Ripple (i.e. xPring), and announced 2 of 15 gaming partnerships in the Forte pipeline (Disruptor Beam & Other Ocean). Keven also mentioned that he expected the1st gaming partnership to go live on the Forte platform December 9th, 2019, which would be today. I have scoured the Internet to see if any announcements had been made regarding the first go-live partner. Unfortunately, I haven't been able to find any announcements in this regard. However, keep in mind that this interview happened back in November, it is highly likely that the go-live date could've most likely change. Overall, a very insightful and bullish interview in my opinnion!!
  44. 9 points
    baobeiiiii

    Epic Pennant on BTC Chart

    It's funny how everyone, today, considers China to be a gold mine. I was once interviewed/interrogated by Europol police... in '09, them thinking I had a sham relationship with a Chinese woman over a visa (we ended up living in China together for many years after... but it was very uncomfortable and awkward to have to prove to police that your relationship is real.) Back then everyone had a different opinion about China; "those Chinese are coming to Europe for passports and visas!" That was in Holland. Right now smart crypto money says anything to do with China is gold. There's a huge housing bubble in the making over there. In Shanghai, most of the property was bought up by people living in a place called Jiangsu. They literally bought up the entire city. The price of property for rent or to buy in Shanghai is more than NYC. But no-one sells, and every person takes a loan to buy a second home. It doesn't help that Chinese will not buy second hand (that includes housing). They won't even rent out new homes; they buy them with an expectation that they can sell them down the line. What you end up with is entire towers left empty to decay. Millions of people are taking loans to buy property which often ends up empty. They are government subsidized too. Eventually that house of cards will fall, and you won't want to be invested in China when it happens. It is scary how big that bubble is. It has the potential to bring down the world economy. I'm not sure if I want to be invested in a crypto that is part of that. I'm not slating China; I love the culture, I only speak English and Mandarin. Do some research into the economy over there, housing in particular, and you will need a shot of whisky. There are ghost cities over there. Entire cities. I've visited one on the outskirts of Shanghai. It was built to look like a town from Spain. Fake stores (bakery, dental office... just words written over a grey skeleton of dust and concrete), random creepy sculptures, empty. With my brother at my side, in typical British style, we found the only open store in a city built for 50k people... to be a wine shop. We were their first ever customer. The owner had to ride away on a motorbike, to return 30 minutes later with a bottle opener so we could drink it. And on the pi** we explored a megalithic ghost city... we really could have been in spain... and that is but one of hundreds of ghost cities. Most are bigger. They aren't built for human habitation; they are built because the companies that build them get government money to make them. The point being, the Chinese economy is a jenga tower. If I was stilling living there, I wouldn't dare have made this post. Because it's illegal and they will knock on your door. The government there is in a pickle because to maintain control they have to let everyone prosper. But it's all fcu*ked. Completely unsustainable. I even made friends with real estate agents (a dime a dozen on the streets) and went karaoke with them. They only sell new places; they actually move further and further out from the city into new developments just to be 'where the action is'. Biggest bubble in human history. Adding a personal touch to the rant, my partner's mother was the Minister for Education for all of Shanghai. She, along with a few colleagues, would make the infamous 'black day' exams which decide peoples' future (if you fail this exam, no uni for you). They would shut down entire roads so that students wouldn't hear noise during that exam. I became part of it, helping to formulate questions for the exam, something which no westerner has ever done... helping with the structure and logic of the questions. I had truly completely assimilated into the culture; they considered me to be not just Chinese, but Shanghai-nese. I had a crisis of conscience, because I used to be one of the students (but in the UK) who cared about exams. But there in China, that exam is life or death, and many people die/suicide over it. I asked her what she thought about the economic situation in China and the socio-economic system, and she was defensive, defending Mao and even asking me to help pick out a new home purchase that me and her daughter could live in once married. At that point, I thought 'I know the exam Q's, it's worth millions'. It was tempting, having been in a culture where money is the only thing that matters, and guanxi, I left shortly afterwards. I wasn't comfortable. These people don't seem to understand how messed up the system is. It's a capitalist economy with a bit of favoritism thrown in. We call it corruption in the West. Over there it is called guanxi, and I started to get 'drunk' on it as I had a powerful mother-in-law. Even the smart people over there, are part of the problem. I was forced to pose in-front of a huge statue of Mao at East China Normal University many times. I would speak to the older uni teachers and tell them how f*d up Mao was, and they would begrudgingly agree with me. That was 2012. Bubble will break. Pray that it doesn't bring down the entire world economy. Basing your investment success on what is popular in China is a dangerous game. The highest echelons of the government just look out for their family, below that you have ministers, police, all looking out for each other. The housing issue is huge and it has to break, the government can't afford to prop it up forever. I could go on forever, I have a real insight. Police stations protecting 'massage bars', always 100 meters from a police HQ. The fish rots head down.
  45. 9 points
    smithers

    SBI holdings latest presentation

    As I read it, the numbers are not absolute, but relative ("Figures as of the period of Nov. 1 to 15, 2019 as 1"). So in the period from nov 18 to 22 (5 days) the number of account openings were 7,9 times bigger than in the previous period nov 1 to 15 (15 days). Lets say if nov 1 to 15 there were 10 000 openings, then nov 18 to 22 there were 79 000 openings. Mr Kitao, please share also the absolute numbers, not only relative. You can PM me
  46. 9 points
    googie

    SBI holdings latest presentation

    Flip the switch!!! Activate the JPY corridor!!!
  47. 9 points
    Eric123

    Epic Pennant on BTC Chart

    @ripplewaytogo usually it's the guy that does the gambling. Anyway I never tell my wife what I'm doing with crypto. She wouldn't want to know. But absolutely I believe this will be way over 86 cents in the next bull run. I don't plan on selling for anything less than $10 US. @KevClem the circulating supply of XRP is under 44 Billion. at .20. a transfer of $9 billion is impossible. To have the liquidity to perform large transaction the market cap of XRP has to be many multiples of the amount transferred.
  48. 9 points
    Molten

    Charting the course of XRP

    I'm not a conspiracy theory guy, and I've all but given up the idea that past indicators in the chart can predict the future buuuuuuuuut.... Look at the weekly RSI. Literally the only time we have ever hit this value of 40 (oversold) on the weekly was in 2017. Just before something rather notable happened. Again, I'm not sayin but.... just sayin.
  49. 9 points
    Staigera

    Blood in the streets

    You really believe some rich people will put their money in XRP millions and millions and millions to ramp up the price so that in the end they can see their money disspear in the pockets of the likes of. Jed, Chris, Brad, the hundreds of charities that got a sh!t ton of xrp, Clover who has a billion. And other fcking ppl or institutions we don't even know about who hold millions. Who ALL will unload there sh!t the sec wales will pump this mofo. So yeah no "Whale" with a brain is going to throw out money in this bottomless well The only ppl still buying this crap are the speculators crossing their fingers Soo hard that xrp one day will rise that they almost snap their fingers.
  50. 9 points
    Eric123

    Epic Pennant on BTC Chart

    What a kick in the nutz the last few days have been price wise. Have to go all the way back to May to find support at this price. Well with prices at these points it's more about the long term outlook. What do you do at this point?? It really boils down to one question. Do you believe in Bitcoin? Collapses are a great time to buy. (then again I'm sure the titanic could have been picked up cheap when it was half filled with water) F**k the life jacket, I'm buying more. 3rd like today gives me a gold badge.
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