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

  1. 5 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. 3 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.
  3. 3 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.
  4. 3 points
    Julian_Williams

    Q1 2019 XRP Markets Report

    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.
  5. 2 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.
  6. 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.
  7. 2 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.
  8. 2 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.
  9. 2 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.
  10. 2 points
    LeonidasH

    New Ripplenet member: EQIBank

    https://xrparcade.com/news/new-ripplenet-member-eqibank/
  11. 1 point
    The petition for the Token Taxonomy Act is getting close to 1,000 signatures! Help us get there by signing now: https://www.change.org/p/congress-pass-the-token-taxonomy-act-to-keep-america-at-the-forefront-of-blockchain-innovation
  12. 1 point
    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.
  13. 1 point
    richxrp

    Q1 2019 XRP Markets Report

    It depends on your outlook.. If you're waiting for a big price jump to cash out, it's not going to happen anytime soon because demand and adoption has not reached critical mass for cryptocurrency in general and XRP in particular. Probably I would guess that a vast majority of the general population has never even heard of XRP. With this kind of exposure, there is little chance of a quick price jump in the near future. My approach is to view XRP as a longer term asset (approx. 5-10 years horizon maybe even longer).. if you believe the fundamental nature of money is about to be changed, then this in my opinion is the correct perspective to have for this asset class. This is by no means a sure thing either.. as the implications of alternative currencies and stores of value may have lasting consequences for governments hoping to continue influencing economic policies via manipulating money supply and interest rates. It is still not clear what effects this new asset class will have on the real economy once it becomes big enough to rival other asset classes.
  14. 1 point
    richxrp

    Q1 2019 XRP Markets Report

    If there was no adoption, demand would not have kept pace with increasing supply.. and the evidence would be a declining price. Because price is relatively level, that means demand = supply.. and supply is increasing, thus demand must also be increasing at the same rate.
  15. 1 point
    BobWay

    Answer: Bank's and XRP

    The bottom statement seemed to happen first in time. That was January 2018 when crypto was booming. It was hard not to be excited at that moment. Brad's reply reads as a mostly personal snarky tweet responding directly to Nathaniel Popper throwing shade. I can tell you, at that moment EVERYBODY was interested! The second one doesn't seem like hyping either. Just continued confidence in the way things are building out. When being asked about the earlier comment.
  16. 1 point
    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???
  17. 1 point
    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 !!!
  18. 1 point
    princesultan

    Q1 2019 XRP Markets Report

    I vote to shut down xrpchat about prices have doubled and people stop crying
  19. 1 point
    King34Maine

    Q1 2019 XRP Markets Report

    If it's adoption relating to the utilization of XRP/xRapid the issue isn't Ripple but a lack of a global regulatory framework between countries to dictate the rules of the road for how digital assets/tokens can operate internationally etc. I don't understand why ppl act so surprised when this report comes out and there isn't much news in the way of xRapid adoption etc. Let's just use common damn sense here!! Ripple's primary and singular goal is to have its DLT derived platform be the premier international cross-border/remittance solution utilized globally. The keyword here is INTERNATIONAL. Well, let's see now, what has been the greatest impediment to the use of digital assets/token? Bingo, you guessed correctly, REGULATIONS!!! Banks and FIs are not going to risk the ire of regulators until they have clarity and certainty on how they can utilize/incorporate digital assets into their daily international transactions both in their base countries and those abroad. Hopefully, by the end of summer going into fall, we will see more xRapid corridors put into play.
  20. 1 point
    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.
  21. 1 point
    joe91

    Q1 2019 XRP Markets Report

    If that is the case, then i suppose, smart people at Ripple can figure that letting the market run organic for a few weeks can raise the price significantly and then they can resume programmatic sales and make much more money that way; but i think It Is not that easy; The Devil is in The Details // and we are programmed Not to see Them !
  22. 1 point
    rippCurrent

    Answer: Bank's and XRP

    thank you for replying @BobWay, i think with the question about hyping he was referring to these 2 statements made last year. Well, one from ripple 1 from brad
  23. 1 point
    fiik

    Q1 2019 XRP Markets Report

    fair dinkum
  24. 1 point
    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.
  25. 1 point
    Julian_Williams

    Q1 2019 XRP Markets Report

    "The lack of adoption" has many reasons. Regulatory clarity is for the most part an excuse for banks to drag their feet.. You cannot expect big profitable bricks and mortar businesses to gleefully adopt software that disrupts their business models. Think of the situation of the Post Office at the time email was being trialled by a handful of nerds. Do you think the management of the Post Office were overjoyed at the idea of supporting email adoption? What usually happens in these cases is that the big established businesses ignore the change and go on promoting business as usual leaving a gap for small specialist companies to fill the gap and expand. This is exactly what is happening with XRapid which is being used by tiny companies like Cuallix and Mercury. Ripple have done extremely well to get the big players involved at such an early stage in the development of XRapid. Lots of new businesses are seeing the slowness of the big banks as an opportunity for them to get off the ground and disrupt the market..
  26. 1 point
    ManBearPig

    Q1 2019 XRP Markets Report

    Does change.org actually do anything? It seems like petitioning the white house directly https://petitions.whitehouse.gov/ would be more effective. Upon 100,000 signatures within 30 days, the white house must respond within 60 days of the petition. All people who sign an provide their email will get an automatic update once the White House responds.
  27. 1 point
    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.
  28. 1 point
    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.
  29. 1 point
    gamblin310

    Q1 2019 XRP Markets Report

    You guys cry about distribution, then when Ripple distributes you cry about that too.
  30. 1 point
    Dutchpinoy

    Q1 2019 XRP Markets Report

    That's not the point. It's about using cmc's proven skewed metrics and calculating from there.
  31. 1 point
    iLeeT

    Q1 2019 XRP Markets Report

    Taking volume data from CMC and programmatically selling percentage based on that is borderline criminal.
  32. 1 point
    Eric123

    Epic Pennant on BTC Chart

    @Baka If it breaks .28 it will probably go to .25, but I don't think it will. The price seemed to react pretty good. I think today is a good buying opportunity. I would be buying some every day as long as it stays under .40. Here's the thing - Some people bought bitcoin at $10, some bought it at $8, some bought it at $20 and some bought it at $500 - and they all made out like bandits. When xrp is at $10-$20 try telling people that you are upset that you bought in at .35 when you could have bought in at .25. - there will be a lot of eye rolling going on. My unpaid for, anonymous advice is - don't sweat daily movements accumulate below .40..
  33. 1 point
  34. 1 point
    I keep seeing this topic on the main page and really want to comment in here but I do not know what to say and am afraid of incriminating myself.
  35. 1 point
    I hope its faster than that..i probably wont be alive in ten years 🤔
  36. 1 point
    dr_ed

    Thinking of selling XRP for BTC

    XRP is the poster child for beat down....I look for an explosive reversal in due time. There might be more pain first. I agree with those who point out that the fundamentals have not changed. It'd be nice to participate more in the rally, however. If I were a trader, I'd say XRP looks like a screaming buy here. Not surprised somebody is talking about selling. I decided some time back not to buy XRP exclusively. I bought it first...and then when I had what I considered "enough to matter" I started buying others. Since I like pre-mined alt coins, I am in a place to say that all the ones I hodl are a little beat down the past few days....just none quite as much as XRP. I wouldn't want to **** off the XRP faithful, but BTC is a fairly safe bet at these prices too. And maybe safer (at this moment in time only) as a hodl, because the broader population, and even the coming ETF's and institutional investors are going to buy it. But nothing goes straight up, and I look for it to test support again within weeks to a few months time. I am a BTC skeptic long term, for all the reasons most XRP hodlrs are well aware of....but I'm a reality based skeptic, not a fanatic. The other "safe bets" are exchange coins, which is why they're being bought, imho. (Yes, "safe bet" is put in quotes for a reason. Nothing is completely safe, and BNB looks pricey to me here.) I intend to keep bottom fishing for alt coins, too. I want to buy some ICX. I expect alt coins to have their day, I'm already long VET, TRX, and ADA. I don't hodl BTC, but my alternative is LTC, which I view as somewhat of a BTC proxy. By all means, spread the risk around. Warren Buffett (the man I love to hate) would say that ALL cryptos are correlated and therefore buying alt coins does not imply diversification whatsoever. (I think that's what he'd say anyway.) Screw Warren Buffett. There, now. I feel better,
  37. 1 point
    Check 1 - XRP Fundamentals didn't change and it has more usage than last year Check 2 - BTC is already 1/4 into it's ATH last year compared to 1/10 of XRP's ATH. Check 3 - XRP price is steady at $0.31-hell for 6 months and it looks like a floor to Joe like me So the conclusion is we should sell XRP for BTC? Sorry, I like to buy low and sell high to earn a profit, not the other way around.
  38. 1 point
    Reminds me when xrp was 18 cents forever,... then shot up to $3.50.
  39. 1 point
    Because BTC is riskless, as we all know.
  40. 1 point
    GiddyUp

    Still XRP

    The longer the base, the shorter the race... remember the previous xrp run-up, don't we
  41. 1 point
    Armanius

    BG Club

    Some unhappy feminist users were complaining about the name so it is now called BearablePerson123
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