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Showing content with the highest reputation on 04/25/2019 in all areas

  1. 11 points
    Julian_Williams

    Q1 2019 XRP Markets Report

    I take another view: There are two things that will drive up price. 1. Mass adoption driving up vol and demand driving up prices. Most of us think this means XRapid usage taking over some of SWIFT's market but we should also remember that exchanges and banks joining Ripplenet also create demand when they buy stock OTC from Ripple. 2. Confidence creating speculation that the tokens are undervalued and a good buy that will double, treble or quadruple sometime soon. These two factors are related but not in phase. We are in a very early testing and adoption phase of development in the XRP ecosystem. This has been dubbed the phase when the tokens have "no fundamental value" by Kitao and "euphoric phase" by the WTO on their website. These are the two sides of this phase, you can recognise the "no fundamental value" aspect one minute and be a "euphoric speculator" the next. Being in this phase there is only one way that the price of XRP is going to rise: Early signs of adoption create confidence creates euphoric speculation creates demand for XRP. The Bitcoin Max are doing their damnedest to make you think XRP tokens have no fundamental value. When I read threads like this one it is obvious that even on XRP chat, a place where XRP nut-cases gather, confidence has drained away. If you are going to allow something as irrelevant as XRP OTC sales to sap your confidence, then don't expect anyone else to invest in XRP either. Ripple are interested in one thing only, and it is not XRP price. They are only interested in setting up the conditions for early adoption followed by mass adoption. You are free agents to buy their tokens or not, and they have no moral duty to care about whether you make or lose money. They are not using you, they are doing their job. For myself my confidence grows every month. It grows with the news that OTC sales are going up every quarter. Nothing that happens to the XRP price right now really has much effect on my confidence because it is irrelevant.
  2. 10 points
    Asen4XRP

    Ripple (XRP) Enters Petroleum Industry

    Ripple’s existence in the payment industry is beginning to bring about more collaborations and partnerships as the Sans Francisco-based blockchain firm partnered with the largest corporation in Thailand. PTT Exploration and Production (PTTEP), a petroleum exploration company said to be the largest firm, is partnering with blockchain startup, Ripple to make use of its payment infrastructure in cross-border remitting. As confirmed on the PTTEP website, the firm and Siam Commercial Bank (SCB), a Thailand based financial institution that already deployed Ripple cross-border payment infrastructure, are collaborating to heighten their cross-border transactions for PTTEP. Earlier, Siam Bank hinted that it would be finalizing its integration of Ripple settlement tools including xCurrent. Siam Bank CSO Paul Arriyavat confirmed to reporter that SCB invested in Ripple to make its technology widely used while also linking them with diverse online payment solutions.  According to the company, this is the first time Siam Bank will be using Ripple’s blockchain infrastructure, deployed by big banks across the word, in B2B model. Siam Bank is a strong ally of Ripple firm. In fact, it is the first to make use of Ripple’s Multi-hop tool to settle payment for other financial institutions on the RippleNet. Multi-hop removes the bottlenecks emanating from one-to-one settlements among financial firms using RippleNet. Siam Bank, with the multi-hop infrastructure in place, is able to forward and receive payment without a one-to-one link between the beneficiary and originator institutions. According to PTTEP CEO, Khun Somporn Wongwuttipornchai, the partnership is the beginning of cooperation with financial institutions to make PTTEP’s across-border payment seamless, cost-reduced, and achievable within few minutes. Large firms seeking to maintain business competitiveness and stand above others make use of Ripple’s blockchain technology. The same thing PTTEP aims to achieve with this partnership. For now, Siam Bank and Ripple are going to be facilitating PTTEP’s payments to its clients across Southeast Asia. https://todaysgazette.com/ripple-xrp-enters-petroleum-industry/
  3. 8 points
    LeonidasH

    New Ripplenet member: EQIBank

    https://xrparcade.com/news/new-ripplenet-member-eqibank/
  4. 8 points
    BobWay

    Answer: Bank's and XRP

    Just to be clear, I have great respect for Brad as a leader and also complete confidence in the direction he has steered Ripple. If I didn't I wouldn't be holding XRP nor here talking to all of you. However, Brad and I don't have the super close friendship I feel for Stefan, David, Arthur, Nik, Rome and many other Ripplers. I'll defend my friends to my dying breath. But expect me to give Brad some **** if I ever think he makes a bone headed move. After all, he still is "the new guy" to me. That said, let's be a little realistic when we analyze what happened in 2018. Through January while XRP was up 1,000 times in six months, everyone in banking thought they might get promoted for recommending their bank jump on the XRP bandwagon. Later in the year, with cryptocurrency down dramatically, those same people were likely wondering if they would be fired for suggesting they push forward with cryptocurrency. After all banks pride themselves on stability. Going "all in" on volatile assets is not how most banks want to be publicly perceived. But here in 2019, Small banks are still being overcharged by big banks for the international payment services they need to provide their customers. Remittance companies still have liquidity problems and trouble getting banked. Customers are still having payments go missing, even after paying exorbitant amounts. The problems are still real. RippleNet and xRapid's solutions still solve them. What I expect to see is: Smaller banks and payment services companies moving the fastest towards XRP as a new liquidity alternative. People at those banks get promoted for creating better and cheaper services for bank customers. Larger banks favoring RippleNet's end-to-end payment synchronization solutions. Nobody ever gets fired for improving internal efficiency, reliability and compliance of traditional products. That's my bet on the next steps toward money's future.
  5. 7 points
    Okay, but this is a multi-year operation. XRP needs to be in the hands of people that will use it as intended. XRP can't be mined, so the distribution of the tokens won't end up with the early whales and those who have the lowest electricity costs. Then you have to figure out another way to distribute the tokens, tokens are no good if they belong to Ripple indefinitely. Donating it would cause even more backlash, because why would anyone get it for free while we pay for it? Dumping on a bull run happens of course, based on the volume during the bull run. They sold throughout the 2017-2018 bull. Attracting new investors is a no brainer, that's what Ripple marketing is all about. In 2017, XRP price remained below 1 cent for a long time, they still sold millions worth of XRP. The price is much higher now and they continue selling. Why should they stop now? And at what price should they resume? These are all questions impossible to answer to everyones satisfaction. Sales based on volume is the best and most predictable way. If Ripple stopped sales and the prices increase, there will always be a dark cloud over the markets because Ripple will start selling again. And then what? People will go batsh!t crazy because they want their billions of profits today and not wait a couple years. Ripple is trying to improve cross border payments, not entertain the average crypto Joe.
  6. 6 points
    Hodor

    Ripple (XRP) Enters Petroleum Industry

    A much earlier (energy industry) win for Ripple was Cambridge Global. Cambridge is enormous. It is a subsidiary of Fleetcor, which handles a large portion of international payments associated with the global oil business. One year ago they announced they were testing / piloting xRapid. I've not heard anything recently about it though. Source: https://ripple.com/insights/cambridge-use-xrp-faster-global-payments/
  7. 6 points
    Hodor

    Where's XRPTrump?

    Here's what I know: He's taking a long break He's okay (healthy, etc..) That's it. And quite frankly, that's all I really care about. His tweets were absolutely epic examples of how to rule on Twitter. He had crazy skill as a social media superstar, and he would take on anybody with logic and precision that was his unmistakable trademark. I am humble enough to admit I do not have one-half of his skill or motivation when it comes to dealing with trolls, but he would somehow argue with them without lowering himself. It was beautiful to watch. Kieran Kelly is good, too, as is Tiffany and Matt Hamilton. There are others as well, but I think all of them would agree that Doc T was the absolute best.
  8. 6 points
    When I bought XRP a few years ago, I was fully aware that I bought a token of which a single company possesses 60%, that they were slowly selling with the ambition to build an extremely profitable enterprise around it. I considered that a brilliant plan, far superior over wasting the equivalent amount of money on electricity, to achieve far worse results in terms of transaction speed and capacity. I still think that is a brilliant plan today. If you don't like that model, there are over 2000 other tokens to choose from, including fiat tokens. Good luck with finding one that has better technology and a better plan.
  9. 5 points
    Only weeks into the alliance between Ripple and a16z-backed, blockchain gaming startup Forte, and game developers are already enlisting in the XRP Army. https://decryptmedia.com/6663/forte-ripple-blockchain-gaming-metaverse
  10. 5 points
    ADingoAteMyXRP

    Q1 2019 XRP Markets Report

    Page 8 of this doc: https://ripple.com/files/xrp_cost_model_paper.pdf "$10 million one-time cost of deploying Ripple and a payback period of less than 15 months." And I just want to add that arguing in bad faith like you've been doing does not serve to impress the other folks on this forum, so button it up and spend 5 seconds doing a Google search like an adult because it makes us all smarter and it makes you look less like a child.
  11. 4 points
    The problem is not the sales, it is the people complaining about the sales. This mindset is diverting interest from the purpose of XRP/Ripple which is to set up an efficient cross border payments service that is frictionless, secure and virtually free of charge. XRP is not a security belonging to Ripple. XRP is a token of cross border exchange. XRP investors that believe they must be made rich above all else are enemies of the objectives of Ripple/XRP. They may as well go and join Bitcoin Max people who put out that XRP is a scam coin and ponzi scheme. All these people are achieving is confidence bashing and making the price of XRP go down. The XRP token is the future of cross border payments and when Ripple sell XRP they are pursuing that objective.
  12. 4 points
    jockeyng

    Q1 2019 XRP Markets Report

    You can go back to 2016 in this forum and see similar comments, that time the price is still $0.006. People will be over the moon to reach $0.30. The problem is nobody knows why the price goes up or down. Comparing to 2016 and 2019, the progress is there but does it worth a 50 times increase? Hell no. So can you say the price will increase another 50 or 100 times in 5-10 years? We don't know.
  13. 4 points
    LilBender

    Q1 2019 XRP Markets Report

    The team has made it very clear several times is that Codius is a low priority for them Especially with Corda now offering industry leading smart contracts, there is very little incentive for there to be native level smart contract capabilities for the XRPL
  14. 4 points
    Kiwi

    Q1 2019 XRP Markets Report

    I was looking for number of contracts for weeks and was like.. why is there not single one? Now I know.. Codius is dead. They talk about Coil but I feel it is like xrapid.. you know it is there somewhere but it is has no influence on price. Xrapid adoption is extremly slow. Volume on xrapid exchanges is pathetic. Mercury fx sends tens of thoudans monthly which has no influence on price. Bitso volume is funny. Ripple dumping 100 millions when price is at -90%. One of the smartest people in Crypto and creator of xrp out of nowhere decides he must reduce his risk because he agreed with his wife to do so. Not looking good!!
  15. 4 points
    GoldenGoose

    XRP under $1 for years?

    I think XRP will be left behind. All other digital assets are currently enjoying ubiquitous adoption, due to clear use cases and outstanding teams behind them. And they never sell any of their personal stash. XRP is the only scam. And like most things from the 1970's (e.g., Disco, shag carpet, leisure suits, wood-paneled station wagons), you really can't improve upon the SWIFT Network. It's a model of speed, transparency, and efficiency . . . all at an affordable cost. I've used it countless times for wires from the USA to Europe, anytime I have absolutely, positively had to get money there eventually. Then again, I'm like a kid at Christmas; I like surprises.
  16. 4 points
    Tripple

    Q1 2019 XRP Markets Report

    This report has ****** me off. If Ripple is going to 'distribute' the vast majority of the supply of XRP based upon nominal volume from a data arbitration site with widely recognised deficiencies (suppressing the value of the asset in the process) then at the very least I want to see a more significant degree of real-world XRP usage come into fruition within the timescales that Ripple had initially indicated, and a corresponding growth in the value of the asset. When I first invested in XRP I had assessed a 3-5 year investment horizon, given the information available at the time, but; Ripple's programmatic selling, relatively mediocre institution sales, and lack of forward progress in XRP-related terms has pushed that back considerably. So far it's been delay after delay, and numerous semantic clarifications (likely due to the ongoing litigation) after their initially ambiguous promotion of partnerships and the role of XRP within their technology suite. I'm not a charity worker, as an investor I want to have a reasonably positive outlook on the following questions: 1) Will Ripple be instrumental and successful in building out the XRP ecosystem before they bleed the ecosystem dry trying to do so? 2) Will that success be reflected in the value of the asset beyond its speculative value? Ripple can't claim to be distinct from XRP as a digital asset whilst being so heavily reliant on the capital of investors in the XRP ecosystem. Someone buys in, and they cash out. I invested in XRP, not Ripple, but given Ripple's holdings it's prudent to question the direction they are taking in relation to XRP. To me it seems like they're milking it for capital, not letting it grow organically. As for future value... Naebody knows, because there's no precedent.
  17. 4 points
    New businesses have to be primed and invested in, especially business that are trail blazing into new markets with paradigms and business models that are disrupting and being resisted by the establishment players. Ripple are generating 800 million per annum for development of the ecosystem which funds new exchanges and XPring projects. They have to set up market makers in every participating XRapid country. If anything their budget looks too small for this setting up task. But progress is being made - we have channels to Mexico and the Phillipines, India and the Middle East are on the radar for this quarter. In the same period 25,000 Bitcoins have been minted and sold at a price of about 4k per coin = 196 million and none of that money has reached the development teams of BTC.
  18. 3 points
    For what it's worth, Brad always mentioned they had a 60bn XRP warchest they we're going to use to build out the ecosystem, so nothing new to that. It suddenly does get noticed when the XRP price is stagnant compared to others and everybody is depressed because of the long lasting bear market.
  19. 3 points
    Its confirmed by various sources: https://tokenpost.com/Siam-Commercial-Bank-PTTEP-complete-cross-border-transactions-using-Ripples-technology-1727 https://bitcoinexchangeguide.com/scb-pttep-announce-success-of-live-pilot-payment-on-blockchain-powered-by-ripple/
  20. 3 points
    We have no real idea of the strategy Ripple has in the distribution of XRP. You can be a "Negative Nancy" and denounce it as corrupt or you can rub a few of your brain cells together and realize that they have a lot more to lose than you do when it comes to XRP. My bet would be with Ripple over angry forum posters.
  21. 3 points
    BobWay

    Answer: Bank's and XRP

    Always be skeptical! Yeah, I don't like it when people say 100%. It's really hard when people are watching you so closely though. Had he backed off that point, the whole story would have been, "Brad G NO LONGER BELIEVES blah blah blah..." doesn't really matter what the rest of the story would say, nobody would read past the beginning before they started tweeting. OK, so I guess I'm cutting him a bit of slack because I like him. But I also can't think of what I could have said better in that circumstance. I don't really think the failure was a regulatory issue. I think it was much more likely what I wrote above. Someone said, "How exposed am I for moving forward with XRP if the price falls by half or more again." Which of course it did. Why take that risk, when you can continue forward with the safer RippleNet ILP strategy. Then wait and see what happens with XRP. Everyone wants to be second.
  22. 3 points
    Capone

    Q1 2019 XRP Markets Report

    I think there should be a hold on distribution until demand catches up. The whole thing is looking more and more suspicious !!!
  23. 3 points
    BiffTannen

    XRP under $1 for years?

    At this point I’m hanging my hat on the fact that the market moves as one. If bitcoin ever has another bull run, XRP will follow just like every other alt. Fundamentals have zero play in this market (right now) as far as I’m concerned.
  24. 3 points
    BobWay

    Answer: Bank's and XRP

    Wow, that is a lot of questions that ask me what I think. I think I'm planning to discuss these topics in depth with Brad Kimes tomorrow morning. (9:00 am CDT) (UTC -5) https://www.youtube.com/user/bradboomboom Brad is right, but it takes a deeper understanding of banking to know why. JP Morgan competes with other USD clearing banks like BNY Mellon and BAML. It is those banks that are competing. Ripple isn't a bank and doesn't do anything banking like. Corresponding banking (as discussed above) is a revenue source for banks. But if one bank is generating revenue, the other bank is the one paying those fees. This is discussed in-depth in this thread. But you are going to have to read all the way through to understand. My view of the process is different than your question seems to presuppose. I have a lot of trust in Brad G. He is a straight shooter and doesn't seem to announce anything unless the RippleNet customer/partner is willing to talk about it as well. But, all production deployments are the responsibility of the partner. xRapid payments attract liquidity. It can happen in reverse if cheap liquidity is already available. But in both cases as payment volume increases more liquidity is attracted. That is because market makers bringing the liquidity are profiting nicely for doing so. Profits tend to increase with payment volume. These profits are independent of price speculation profits. The patent thread above gives lots of details about the tipping point. I'm sure Brad will want to talk about that tomorrow as well. Thank you (original poster) for speaking English. I apologize for not knowing any other languages.
  25. 2 points
    dr_ed

    xrp frozen?

    On the other points...as far as XRP bullrun. We're very much in a BTC dominated market. As you saw when BTC recently broke above the descending trend line from December and and made it's first good signal that the bottom was in, XRP and all the alt coins popped...but they couldn't hold the new levels. Why? Because BTC is taking a mild breather. BTC chart is climbing the stairs. This is normal. BTC is the "safe haven" of crypto at this moment in time. Alt coins are the penny stocks of the cryptosphere, They will lag, then one day when the rubber band gets stretched, and greed comes back in, they will move all at once. At this time, imho, TA on any coin other than BTC is fairly useless unless you day trade or swing trade. Nothing at all has changed with the long term prospects for XRP. Nothing is suddenly broken. Selling it and chasing momo is not a great idea. Yes. I watched BNB do a 350% move off the bottom, knowing I should own it...but I can''t afford to buy every coin I like. I am not selling my XRP postion, which is the perfect size for me, in order to chase the momo of the week. I've been there and done that. You can make short term gains, but in my case 30% of those always go to taxes. This time I'm just being patient.
  26. 2 points
    Mcripple

    Where's XRPTrump?

    I applaud him for walking away. Twitter is a disease and you spend countless hours arguing with nameless faceless morons and you probably make no difference whatsoever.
  27. 2 points
    You have invented what I wrote - I wrote nothing about "dumping on exchanges". I said complaining about Ripple selling their XRP (and I will add for your benefit: "and uses inflammatory language suggesting that they are using their income to dump on exchanges", are the enemies of XRP/Ripple). Ripple are following their sensible and well advertised business practice in using their income to build the infrastructure for the future success of their business. Their business is not about making money for people who speculatively buy XRP tokens (not connected to Ripple). Ripple's business is providing frictionless, secure, low cost cross border payments. Anyone who gets in the way of their doing their job is at cross purposes with their company aims and an enemy to their company strategy.
  28. 2 points
    CG123

    Where's XRPTrump?

    She's gone back to using her primary account.
  29. 2 points
    Caracappa

    Dumping again...

    I for one thought 2018/19 would be the year investing would grow on coins with 'fundamental' value. Whatever fundamental may mean in cryptoworld. But for now it's still treated as one market in where BTC is leading and you're average investor says 'Crypto? You mean bitcoin?' Again, in this phase it's mainly dumb money invested, and dumb money doesn't discriminate. It just goes for whatever comes in the news the most, which is bitcoin.
  30. 2 points
    Freaky

    XRP under $1 for years?

    Many a zealot to be found here.
  31. 2 points
    EcneitapLatnem

    Where's XRPTrump?

    Playing XRPGolf
  32. 2 points
    Fidel_Castro

    XRP under $1 for years?

    XRP is coming to its end. Their CTO is selling his portion of XRP in big amounts and people here still dream of lambos:)))
  33. 2 points
    Caracappa

    Q1 2019 XRP Markets Report

    I understand they are not stocks, but as long as the 'securities' discussion is not finished who knows what implications it could have. Next to the neverending discussion that Ripple holds the majority of XRP, which could be good for nothing more then perception.
  34. 2 points
    Asen4XRP

    New Ripplenet member: EQIBank

    This is what I call progress! The first traditional and crypto bank in one and its on Ripplenet!!!! News from last year: https://www.wallstreet-online.de/nachricht/10942527-eqibank-on-track-to-secure-50bn-custody-assets-by-mid-2019/all Now they are the newest Ripplenet member and a fully functioning bank! From 2018: EQIBank, the world's first licenced and regulated bank for national currencies, crypto and digital assets, has announced that it expects to secure €50bn in custody assets by July 2019 and hold €10bn under deposit by the end of 2019. Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, EQIBank lets customers manage traditional and crypto assets within a single banking relationship for the first time. It is the first licensed [1] and regulated bank ready to provide secure, consistent and scalable banking to the under-serviced cryptocurrency sector, which currently has a market capitalisation of US$210bn[2]. This is why EQIBank is currently working with four of the top ten largest cryptocurrency exchanges in the world to open accounts in December.
  35. 2 points
    yxxyun

    Q1 2019 XRP Markets Report

    XRP is not Ripple‘s focus too, oh no, they focus to sell XRP and build software for banks without XRP.
  36. 2 points
    Asen4XRP

    New Ripplenet member: EQIBank

    You can open an account right now on EQIbank and use Ripplenet, use thier crypto(xrp) custody service and exchange and get their debit card to spend. And its all insured. From their website: Current Account EQIBank’s current account is available to individuals, trustees and personal representatives from your personal computer or via your mobile device,puts you in charge of your money when you need it. You can pay people or organizations via SWIFT, SEPA euro Credit Transfers or Ripplenet to over 180 countries with over 100 major currency options. The accompanying EQIBank Credit and Debit Cards are accepted at retail outlets worldwide, enabling you to transact quickly and conveniently, online and via ATMs. EQIBank Card Services also provides exclusive benefits and a 24 hour concierge service. https://eqibank.com/personal-banking/ Custody Solutions EQIBank is the first bank in the world to offer Custody Accounts to clients as a solution to store their digital assets in a regulated, secure, and compliant manner. All digital assets are segregated, using unique digital asset addresses, which are independently verifiable and auditable on their respective blockchains. https://eqibank.com/
  37. 2 points
    Excerpts

    Thinking of selling XRP for BTC

    This market is all based on BTC at the moment and the foreseeable future UNTIL use cases are flourishing and ecosystems are widespread for assets like XRP. The demand that does exist for XRP does not move market price like it does for assets with far more limited circulations. And the biggest whale Ripple sells tens of millions every quarter as they publish and that likely has been some effect over time as well.
  38. 2 points
    2ndtimearound

    XRP under $1 for years?

    Just reading that makes me want to put on my Leo Sayer LP while sipping on a Piña Colada.
  39. 2 points
    bearwoot

    Answer: Bank's and XRP

    Hi Bob, Following your exchange on Twitter, here are the questions :). Thanks! When Brad is saying banks won't adopt a coin from Bank A because it's competitor, I believe the same issue exists for Ripple. If Banks adopt XRP and make it a global bridge currency, given how much XRP Ripple owns, it could make of Ripple a threat to them. What do you think of this issue ? - I know people working in big banks that told me the nostro/vostros business was a revenue source for some of them. What do you think ? - This has been said before , Ripple's XRP stash is key to help build XRP as a a bridging asset, nevertheless, at one point, distribution would have to be more diverse, how could this be achieved , and in what timeframe (i.e how would XRP be distributed worldwide) ? - I'm really confident in Ripple vision but I've noticed Brad overhyping stuff this year ( " the 3 biggest payment providers company using XRP in 2018"), and announcing big future ( a bank using XRP in 2018, and dozens in 2019). What do you think of this ? - Lastly, there is a bit of a chicken and egg question with xRapid : liquidity is required to operate xRapid, but xRapid is supposed to generate some ( and maybe push the price by doing that). How would that happen, what's the " tipping point", according to you ? I hope my questions aren't too skeptical and well formulated, english is not my native language so I did my best. Thanks again,
  40. 2 points
    Spekul8

    Thinking of selling XRP for BTC

    The phrase is barking up the wrong tree. But you can keep barking at the tree. We are good with that.
  41. 2 points
    King34Maine

    Q1 2019 XRP Markets Report

    Well, then every blockchain platform should put a hold on the distribution of their particular crypto holdings as well then bc by your reasoning it's all suspect via clandestine motivations. The only way the public knows about Ripple's XRP sales and holdings it because they allow us visibility despite them being a PRIVATE company. It's called being open and candid when they don't really have to be. How many other fintech, blockchain/DLT platforms/companies offer this level of transparency???
  42. 2 points
    edwin90

    Q1 2019 XRP Markets Report

    Of course they may sell as much as they want and keep the money. Just as community may hardfork xrp ledger to exclude Ripple wallets. Formally it's probably all ok but informally there are some dynamics in my opinion. I'll probably soon regret this post as I know Ripple did/does great things but emotionally, to be honest, I don't like 100m's of quarterly sales in a row when the price is about -90%, not even knowing which data they use for the programmatic sales (CMC?), after being hit by founder wallets, OTC sales and XRP donations paid in USD by the community. I hope they have smart market analysts who know what they are doing or perhaps some cat in the bag, but the lack of communication (perhaps for a good reason I don't know about) combined with such sales and having a bad day annoys me a bit.
  43. 2 points
    Tripple

    Q1 2019 XRP Markets Report

    a) Most known and used isn't de facto most appropriate. I'm suggesting they should revise their programmatic sales to account for actual volumes, not CMC's nominal values. Bitwise appears to have it's own methodology for determining actual market volumes, why can't Ripple? b) I'm making a distinction between who is selling XRP and who is buying it in relation to Ripple's programmatic sales. Ripple doesn't sell fiat for XRP, does it?
  44. 2 points
    richxrp

    Q1 2019 XRP Markets Report

    Actually at current rate ... approximately 15 years. 2.5 years for 51% distribution.. Assuming distribution rate is constant.. if it increases, it will be shorter. If it decreases, it will take longer.
  45. 2 points
    crypto1337

    Q1 2019 XRP Markets Report

    You sound very frustrated for no obvious reason. Adoption is happening as we speak. Take some days off without a screen.
  46. 2 points
    dr_ed

    Thinking of selling XRP for BTC

    I've spent six months trying to value XRP using fundamental analysis by way of any and every resource I can find. I have made posts on this forum trying to discuss that subject and got zero responses. I believe I've read most everything there is on the subject except for a couple of recent grad school papers I couldn't easily lay my hands on. My conclusion, we're in uncharted waters. XRP is great tech. Understood. The Ripple use case is great. The idea that maybe many other payment and settlement situations can be handled by XRP is very sound. But currencies don't generate revenue. They appreciate or decline in value based on the willingness of someone to hold them preferentially over some competitor....dollars, BTC, gold. There are several obvious challenges in addition to that big one. Pre-mined coins come with a set total supply. XRP has a big one. How do non-XRP experts look at that? Here's the kneejerk response....compare it to BTC. Or try to compare it to stocks. Stupid, I know, but with no good yardstick, you use what you got. Because people with a finance education don't begin to appreciate the problem set with BTC or understand why it was necessary to pre-mine coins. All they see is supply, and they come from a background in stocks, where huge supply is considered a big negative. And then you have Ripple, which is where most of the good news comes from on XRP......great company, but XRP is a currency, not stock in a company. Ripple is set to generate plenty of revenue, I'm sure. But Ripple is not XRP, and the two are only tangentially connected. These factors combine to produce.....uncertainty. For XRP price to appreciate, there needs to be a perception that large institutions like the banks themselves or big investors want to own it. And, as far as I can see, those entities NEED to find a way to value XRP that helps them decide how much to buy and what they're willing to pay. That's why Black Rock scooped up Robbie Mitchnick. Important players are very eager to develop the tools for this....but it's a brand new area in finance.
  47. 2 points
    iLeeT

    Q1 2019 XRP Markets Report

    In an unregulated market - sure. They are in this market for quite some time now, they even *analyze* the market situation in their Q reports. If you want to tell me that they see top exchnages by volume such as ZB.COM, ZB and ZBG (which are essentially the same thing) and they say to themselves - 'ah, look guys, we've made some sort of a sudden breakthrough on the Chinese market', then you are absolutely taking the рiss. I don't mind them selling 3-4% of the daily volume, but they might disclose it in a fair manner. They know it's not 0.3%, I know it. And you know it. Scenario - if I, or a BTC maxi, or even God forbid Ripple, want to sell more XRP without the intelligent audience realizing it - what prevents it to spin up a couple of Chinese exchanges and pump up the numbers? In a regulated market that won't fly.
  48. 2 points
    gamblin310

    Q1 2019 XRP Markets Report

    You guys cry about distribution, then when Ripple distributes you cry about that too.
  49. 2 points
    Dutchpinoy

    Q1 2019 XRP Markets Report

    That's not the point. It's about using cmc's proven skewed metrics and calculating from there.
  50. 2 points
    iLeeT

    Q1 2019 XRP Markets Report

    Taking volume data from CMC and programmatically selling percentage based on that is borderline criminal.
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