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Showing content with the highest reputation since 08/11/2019 in all areas

  1. 31 points
    Hodor

    Believe in the Use Case

    Blog URL: https://coil.com/p/Hodor/Believe-in-the-Use-Case/wVlly8kWp 𝐓𝐡𝐞 𝐮𝐬𝐞 𝐜𝐚𝐬𝐞 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐤𝐢𝐧𝐠, and there is one digital asset positioned for globally-scoped levels of usage and transactions. Learn more, and find out my take on all the latest news affecting XRP in today's blog. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Xpring fund Equilibrium, a company that will make participation in ILP much more easy for stakeholders; Coins.ph releases a video celebrating its RemTech Award and profiling its use of digital assets; Xendpay re-affirms its use of Ripple technology, this time for a Kenya corridor; and FortePlatform makes headlines in a new interview. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Cinnamon formally announces a soft test release of its video streaming platform. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Six independent websites exist where stakeholders can access information about validators on the recommended UNL; @hmatejx announces that he's going to create an automatic tool for tracking xRapid usage; Blockdaemon announces outsourcing service for businesses wanting to run an XRP Validator; and Poloniex adds new stablecoin pairings for XRP. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  2. 27 points
    Hey guys, I just made a small video after the XRP drop from $0.3 to $0.25. I feel you, I wish I could ease your pain, talk sense into you all but only you can take decisions. All is in good motion (speculatively and adoption wise). Take great care <3
  3. 22 points
    To answer the original question ("How would a global recession affect Ripple's strategy?"), I can offer my personal opinion. To be crystal clear: This is not a statement of what Ripple, the company, will do or is planning on doing. This is not using "insider" knowledge. This is just my own read on the situation from having been closely involved in this space and witnessing the company from up close for a long time. I believe Ripple would, by and large, keep its head down and continue working on the fundamental challenges of the internet of value. Chris Larsen loves to talk about how this is a marathon, not a sprint. Brad Garlinghouse believes the company should tune out the noise and get to work. Many employees at Ripple are doing roughly that today. (Not me; I'm here answering silly questions on a forum. Sorry!) But there are a lot of problems, many of them not easily solved, that people need to work on, from large to small. Scaling is always a challenge, custody is tricky, public transactions aren't for everyone and everything. Regulations are complex. Hiring and onboarding new employees is a lot of work. Even little things like translating error messages so people can more easily build stuff around the world is work that needs to be done. And most of that—regulations probably being the one exception—doesn't change in a recession. Hiring might be easier in a recession. Selling to banks and getting them to build on this stuff might be harder. The market price of XRP, of stocks, whatever else, will fluctuate due to expectations and hype and whatnot. Underneath that, we'd like to improve the fundamentals for the company, the XRP Ledger, and the world as a whole so that money can move faster, benefit more people, enable more types of work that people want to do... Cycles like booms and recessions provide opportunities as long as you keep your cool. And that's what I'm counting on the company to do.
  4. 22 points
    Meh.......This kind of non-sense comes with the territory. That's why you make sure that you are lawyered-up appropriately: Ripple Labs Brings on Former Top SEC Officials to Help Defend Private Securities Lawsuit Former SEC Chair to Represent Ripple in XRP Lawsuit Ripple Hires General Counsel from Lending Giant CIT Group Ripple Welcomes New Board Member Benjamin Lawsky As I've explained in previous posts, every nation-state is trying their damnedest to become the leader of the blockchain/crypto revolution that is unfolding before our very eyes. The US lopsidedly dominated the ‘Age of Information’ and wants a repeat with crypto/blockchain. It makes no ******* sense for the various powers that be, here in the US (i.e. SEC, CFTC, etc.), to undermine the growth potential of one of the Red, White, & Blue’s prized unicorns (Ripple). XRP being classified as a security is extremely and highly unlikely. Better yet, if there was such a profound issue and or concern about XRP being a security, regulators globally would’ve addressed it already, Period!! However, what has really cemented my theory are the highly orchestrated and subtle subliminal messages being pushed out by representatives from the SEC and other regulating bodies. Earlier this year SEC Commissioner, Hester Peirce, offered the following statement: "Yet many of these projects begin in a centralized manner that looks about the same as any other start-up. A group of people get together to build something, and they need to find investors to fund their efforts, so they sell securities, sometimes called tokens. The SEC applies existing securities laws to these securities offerings, which means that they must be conducted in accordance with the securities laws or under an exemption. When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities." (Paragraph 14) After reading that one paragraph I immediately thought of Ripple/XRP, particularly the last couple of sentences. Ripple’s has never promoted or sold XRP as “investment contracts.” Also, the UK's Financial Conduct Authority (FCA) has recently come out saying that XRP has been deemed to have “non-security attributes:" "Tokens may have mixed features that may overlap with the above categories, or change over time. For example, Ether can be used as a means of ‘payment’ (exchange token) on the Ethereum platform, and can also be used to run applications (utility token). XRP has similar features." (Page 8) A simple definition of a security is any proof of ownership or debt that has been assigned a value and may be sold. For the holder, a security represents an investment as an owner, creditor or rights to ownership on which the person hopes to gain profit. Examples are stocks, bonds and options- as these prove OWNERSHIP in such-said company/entity. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP.
  5. 21 points
  6. 19 points
  7. 18 points
    Domitille Dessertine Head of fintech innovation competitiveness at the French securities markets regulator AMF - Autorité des Marchés Financiers https://www.amf-france.org/ A conversation with Domitille Dessertine August 13, 2019 TL;DR The AMF considers the majority of the crypto assets not being securities. Scroll down to read the quote 10:40 or listen to her directly say it from the link below I do not expect a lot of people are French like myself, so to put it very simply, the AMF is like what the US citizen have with the SEC. The AMF is the French Securities Market Authority. A while ago, the French government decided to introduce the PACTE law since the crypto market is considered like an "illegal vaccum". The interview revolves a lot around the PACTE law and at the end one question on Libra. What the US is seeking is exactly what France has come up with, namely the PACTE law. (yes me love ma country <3) It serves guidance and rules to define which crypto are investment products (falling under the securities legislation) and which are not. According to Domitille, most crypto are not investment products, in regards to the French law. What sounds brilliant is that both the US and France are coming up with rules to regulate the crypto market. Do you remember the press conference recently given by, the United States Secretary of the Treasury, Steven Mnuchin? He has suggested that new rules may be coming soon for crypto to the United States. Onto the interview, I provided the answers from Domitille and the time frame for each. Fret not, the interview is in English :3 Link to the interview 9:27 - Regarding the current regulatory framework in Europe: 10:40 - What the PACTE law does to the crypto market and mostly for the utility tokens: 15:23 - The timeline when the PACTE law is to be expected to be fully operational 16:14 - Her take on Libra
  8. 17 points
    https://www.coindesk.com/bakkt-says-its-cleared-to-launch-bitcoin-futures-next-month Surely XRP futures will follow, but IMHO this represents a significant advancement in the maturation of the crypto markets. The markets need futures for risk management practices to be accomplished. Cred already uses futures to hedge the risk exposures when they facilitate loan of XRP.
  9. 16 points
    Molten

    Charting the course of XRP

    Given today's action, I thought this warranted a new thread since I don't want to keep distracting from the excellent content in @Eric123's thread. So first some thoughts. It is funny because I predicted a drop to $0.24-0.26 and still was surprised and a little jolted by the drop. Probably the suddenness of it that rattled me, which reminds us that we are still playing in a very manipulated market. Now, what did this drop mean for XRP? We finally broke a long term support at $0.28, which you could certainly see as a bad thing. We did find support at a second level, right around $0.24, but this is a much less tested support and thus less significant than the old $0.28 line. We dropped briefly below it but did fight back up with decent volume, which is something. Our new support line goes way back oddly enough to almost exactly one year ago. Two things can happen here. The first (and I think more likely) is that we go back down and test again (double bottom), followed by a "relief rally" that should take us back up to $0.30-$0.36. Oddly enough, if you are a trader, that represents around a 25% return if you have the cajones to make the trade. The second scenario is that we break down below the $0.24 level with volume and then, I would say, we are in a bit of trouble. Not a lot of support down below and I think this would really damage the psychology around XRP, possibly crypto in general if the drop is widespread. I am holding some money ready to deploy here but I'm not buying quite yet. If it does fall like that, then the doubt of "throwing good money after bad" starts to become a little more prevalent. That said, and this is the important part, nothing has fundamentally changed with XRP except the price. It is still the best crypto from a technological standpoint, still the only one with any sort of real adoption, and Ripple is still making good progress on continuing to grow its use case. If you were unable to see the price, only the news, you'd probably feel pretty good about your investment! More to come but the chart below depicts our new best friend, the $0.246 line. One point to note: we are obscenely oversold on 15 min, 4H, daily, whatever time frame you want to look at it. If rationality wins the day, now is a good time to buy. I am a bit of a cautious fellow, so I'm going to watch a little bit more, understanding that I may be missing an opportunity to add to my position at an excellent price point.
  10. 14 points
  11. 13 points
    No what’s sad is a few morons who bought at the top full well knowing what they were doing are trying to block something very cool happening for a few bucks. thats the reality of it, full stop. if all this **** had been cleared up two years ago who knows how much progress would have been made. PS - you are a drama queen.
  12. 12 points
    In other news, an asteroid could hit earth tomorrow.
  13. 12 points
    I don’t get the whole don’t sell attitude. For the record, I’m not selling, but why is everyone so adamant that we continue to remind people to not sell? If they bought in at .02 cents and have 200,000 xrp and want to move on then good for them. That’s $45k at the current price. If it goes to the moon right after they sell then so be it. The dangerous thing is, we’ve had the same “warning” for the past two years. “Don’t sell at 3.85, it’s gonna go to $5 within a month, don’t sell at $2, it’s going back last ATH, don’t sell at $1.50 my chart shows it can’t break resistance line, on and on. the reality is that xrp has declined gradually, with a few “pump” of 8-10% for a short period. Stop trying to persuade people to sell or not sell or buy more. I really think it’s insecurity of the investor. If you’re happy buying a bunch at these prices, good for you. If not, good for you. No matter what anyone says, xrp isn’t a sure deal. We’ve learned that over the past 20 months...
  14. 12 points
    Eric123

    Epic Pennant on BTC Chart

    Whenever I see the term Psychological Level - I know the author of the article is not familiar with bitcoin. You don't have to watch bitcoin's price movements for too long before you realize that they are not tethered to any multiple of $1,000 or $500 with $11,500 having no more relevance than $11,487 - other than the $13 if your are buying or selling but as far as sentiment it's basically irrelevant. Anyway we are right now below the "psychological level or $11,500" LOL. It's no matter. I had stated that Bitcoin would be returning to the E-Line and above $13k in a week or so - Looking at the chart I'm pretty confident that that will occur. Our most recent move lower has been on decreasing volume, I doubt this direction and volume lasts much longer.
  15. 11 points
    wogojump

    Ripple- Stop the dumping

    Ripple- Please stop the XRP dumping. The current strategy is not working, we can see this by looking at the XRP price decline and XRP holder feedback for the past few years. If this trend continues we are going to see XRP trade less than a few pennies. Including retail investors mass selling off XRP based on frustration and and attempt to cut off their losses. Myself like most other investors would love to be wrong, but unfortunately that is not the current market trend and consensus throughout the community. Below are a few summary points on the sell off problem: Most people are aware of co-founder Jed mass selling off his XRP. He had 5.3 XRP has of 2016. Including selling XRP worth ~million a day. Ripple established an agreement with how much if his XRP can be sold per day. This is a major lessons learned. https://www.investopedia.com/news/ripple-execs-get-superrich-xrp-success-new-billionaires/ Ripple owns about half of the current supply of XRP. It has been estimated that Ripple has sold $1.14 billion worth of XRP since Q4 2016. With an estimated $251 million worth of XRP sold Q2 2019. https://www.ccn.com/ripple-q2-2019-xrp-sales/ XRP holders above that were able to obtain XRP at no cost or low cost, have been able to make a ridiculous amount of profit in the last few years. But what about the XRP investors in the last few years? XRP trading value has become a fraction of the same value when compared to 2017. Including XRP being the worst performer of top 10 cryptos in 2019. This is a huge concern for current and new XRP investors, when considering the past sell offs and future risks of sell offs. https://www.coindesk.com/xrp-was-worst-performing-top-10-crypto-in-h1-but-bnb-shone What about next steps, are we on the right track? Ripple has stated they are going to reduce the sell off of their XRP. That should help, but majority of investors do not have confidence this is enough. Investing in XRP and Ripple's sell off has become a running joke, that isn't funny. News that was published today: Ripple to Give Away 1 Billion XRP in Massive Bid to Fund Online Content - CoinDesk. The feedback generated in the community is counter productive. https://www.reddit.com/r/Ripple/comments/cqved6/ripple_to_give_away_1_billion_xrp_in_massive_bid/ Earlier this month news like the following is being released Hundreds of XRP Holders Petition Trump to “Stop Ripple Dumping": https://www.trustnodes.com/2019/08/08/hundreds-of-xrp-holders-petition-trump-to-stop-ripple-dumping Then we have desperation lawsuits popping up in the news SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security, which are only going to continue: https://www.coindesk.com/investors-suing-ripple-cite-sec-guidance-to-argue-xrp-is-a-security There is a lot of counter feedback that has validity. Like Ripple and their employees should be rewarded based on the XRP sales, Ripple and their employees have the right to sell off XRP as they desire, distribution of XRP has long term benefits, Ripple selling off XRP will help bring in short term profits, etc. Those are all good points, but they will be irrelevant in a few years if the XRP price continues to decline. It is critical for all XRP holders, that this trend is reversed. The impacted XRP holders include Ripple, Ripple employees, institutions that have already acquired XRP, and retail investors. This is a vital group to ensure they have confidence in order for long term success. We need to make sure XRP holders in the next few years have confidence. Including reducing risks and opportunities for mass sell offs. Ensuring there are investment opportunities. As well as improving confidence and trust with all XRP holders. Ripple can take new and creative steps to resolve the above. We also have a community with plenty of suggestions. Ideas like burning off tokens, Institutions buying from open market, etc. have been discussed. Please find a solution that is in the best interest for all of the XRP holders.
  16. 11 points
    Hodor

    TestNet

    Blog URL: https://coil.com/p/Hodor/TestNet-Fun/VSJaznqPg The XRP Test Net awaits you, with complimentary accounts loaded with (faux) virtual currency. Learn more in today's blog! I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  17. 11 points
    Xill

    Ripple- Stop the dumping

    THEY DONT CARE ABOUT HODLERS. THEY DONT CARE ABOUT THE PRICE OF XRP. ALL THEY CARE IS ABOUT THEIR POCKETS AND THIS IS THE TRUTH. Im going to dump all my xrp shitcoins when xrp/btc pumps again. xrp is useless coin stop watching alex cobb and all the other shillers. they prob bought the top btw i hope ripple ceos will get arrested. larget ponzi scam in history. lmao what a **** show
  18. 11 points
    https://thexrpdaily.com/2019/08/13/the-fca-regulatory-agency-categorizes-xrp-as-utility-token-and-not-a-security/
  19. 11 points
    I would be interested in a lawyers opinion. Reading this through, and I am no lawyer, made me think this is a straw argument built by complainants that are clutching at straws. What is their wished for outcome? Money or the trashing of the digital asset (XRP)? SEC have stated very publicly that an ICO that starts as a security can change into something that is not a security. It seems to me that XRP is now very firmly in that latter territory even if at first its status was off white and at times ambiguous.
  20. 10 points
    Good point, sharp as ever, you found a flaw in his argumentation, well done! Man, can’t imagine what this forum would be without your added value over and over again. Amazing.
  21. 10 points
    Kiwi

    Ripple- Stop the dumping

    Stopped reading after second sentence. Your post is literally waste of bandwidth. Even processing bitcoin transaction is more useful than this crap. You should be ashamed.
  22. 10 points
    I understand your reservations because I share them also. However it must be said that almost all of my life TV (we didn’t get one at home till I was a teen) was free to air. After about 45 years of free tv I never thought I would pay for content and yet now I happily pay my Netflix subscription. Similarly I was a bit flabbergasted when I first saw a Toll Road because every road I had ever known was free to use (ignoring registration fees and tax etc). At first I would go the long way round just because I didn’t want to pay for the shorter and faster toll road. Now I happily drive along them without thinking much about it. As I say... I understand your reservations, and share them to a large extent, but I can’t rule out a sea change later on down the road just based on these earlier experiences.
  23. 10 points
  24. 10 points
    Eric123

    Epic Pennant on BTC Chart

    @Molten That's not my trend line. On mine we are below by about 3k - but I expect we will be returning to the line and above it in a week or so. That line looks similarly drawn to one @dr_ed recently drew. My trend line which I loving call the E-Line (copyrighted patent pending) returns BTC to the ATH by November 29, 2019.
  25. 10 points
    Easy - people who are more interested in progress and developments than in moonboi lambo BS will happily listen through these events.
  26. 9 points
    opaopa

    How important is AML for XRP growth

    So today, basically every transaction within the banking system takes >=1 banking day(s). This slowness of the system actually gives an advantage when it comes to AML, KYC and fraud prevention, as it gives the banks time to react to suspicious transactions and potentially stop transactions. Also, the high fees of moving money at least creates a cost for money launderers to perform lots of transaction to obscure the trace of money. In comes crypto currency with virtually instant settlement, cheap transactions and world spanning networks. You bet that legislators are worried about the aspects of AML, KYC and fraud prevention. See for example this article, which tries to blame North Korea's weapons of mass destruction on money laundering and fraud through Crypto Currency (Like... really? I don't buy it). Any serious integration of a crypto currency to the world economy definitely need to provide a solution to these perceived problems of the worlds legislators. This was one of the main reasons I chose to invest in XRP to begin with, it is one of few crypto currencies with an accountable counter party on which the legislators can direct their legislative demands for AML, KYC and fraud prevention. Ripple will need to solve these issues with XRP before any serious adoption will happen, and it has to be some sort of machine learning solution with big data given the volumes and speeds the solution has to be able to intervene on. If Coinfirm is an appropriate solution remains to be seen, but a solution like it is absolutely necessary for adoption.
  27. 9 points
    xrpmommy

    Believe in the Use Case

    Whoop Whoop i'm on Hodor's blog....... I am shooketh! ... Thank you Sir
  28. 8 points
    Well what is research if it is not conjecture and what is hope if it is not optimism? Perhaps you suggest looking at patterns in charts and using bots with algorithms? This word hopium should be banned because it implies optimism is an addictive drug like opium. Hope is healthy, despair is unhealthy
  29. 8 points
    ...and is the best time to buy. We are at the bottom, or very near it. How easily people forget that the BTC chart looked like this: immediately before it looked like this: Selling now is putting yourself at high risk for two disappointments: selling lower than you hoped, and missing the boat when it goes up. This whole post is assuming that you don't think XRP is going to zero. If you think it's going to zero then I don't know why you are holding it.
  30. 8 points
    Ripple is/has been squarely focused on its "raison d'etre" (i.e. payments/banking/finance) for the past +7 years. They have pioneered the most advanced blockchain/DLT/Crypto technology for the banking/corporate industry more than any other fintech on the planet. Ripple is a household name when it comes to their specific clientele. However, as with any growing company there comes a point in which you have to begin laying the foundation for continued growth and maturation, hence Ripple's xPring initiative. This separate entity was formed to build on XRP-Ledger/XRP ecosystem in other promising, nascent, and potentially high growth areas for blockchain/DLT/Crpto, while Ripple remained focused on its intended purpose of recreating a new and modern global financial infrastructure scheme. Let's not forget that Amazon, when it was launched, started out as an online bookstore, now look at the company today. What if they Bezos never cared or dared to expand and build the Amazon empire to accommodate changes in ebb and flow of economic/business trends? What Brad's Peanut Butter Manifesto alluded to was the uncoordinated utilization and disbursement of resources to random unsubstantiated ventures/acquisitions that ultimately led to the Yahoo's downfall. xPring has been extremely methodical and calculating about not only helping to build a thriving ecosystem around the XRP-Ledger/XRP, but the entire blockchain/crypto ecosystem as a whole. While we have heard many within the XRP community continuous bitching about xPring's investments into platforms that may not directly utilize XRP or the XRP-Ledger, need I remind you that Ripple nor XRP are going to be the only blockchain company/crypto asset within this blockchain revolution taking place. Ripple understands that if this blockchain technology is to go mainstream, in a significant way, it will take a holistic approach from every participant to build the ecosystem as a whole even if that means investing in other platforms that are not directly tied to its respective use case or benefit. Need I remind you that this is the very premise behind the development of the Interledger Protocol (ILP) by Stefan Thomas and Ethan Schwartz. ILP levels the playing field and creates competition among the different blockchain platforms/cryptocurrencies and legacy payment systems so that each will have to stand on their own technology. This altruistic act underscores the principled character of the leadership behind Ripple and their dedication to seeing the growth and evolution of the Internet-of-Value (IoV). They could very well have patented ILP’s technology charging a fee to all other platforms and make a fortune in the process. However, folks at Ripple knew the influence of the Internet came from the fact that it served as a gateway to connect everyone. The Internet accomplished this feat because it is not a single network or system but a network of networks with information being sent across multiple platforms using open-source proprieties. This allows communication across the Internet to be seamless irrespective of what provider people are associated with. Ripple understood the same way the open-source TCP/IP protocol gave rise to the greatest economic stimulus/engine the world has ever known via the Internet, the same principles needed to be applied to ILP in order to see their vision for the IoV to come to fruition.
  31. 8 points
    Sell it? Good joke. The only thing that pisses me off is that the knowledge lead from mid-2017 doesn't pay off. All those (like me, for example) who bought between 17 and 23 cents in 2017 have no real advantage over those who buy now, 2 years later. That means the risk I took in 2017, Xrapid didn't even exist, doesn't pay off in any way. but well. I have my XRP.
  32. 8 points
    I simply will never pay to see "content" or avoid ads. Maybe that's just me, but i will never pay to browse the web. Long XRP, but i don't see this taking off.
  33. 8 points
    i love reading old forums of btc from the early 2010's. people were willing to pay 10,000 btc for two pizzas. this was only 9 years ago. they were throwing around btc like it was nothing..because at the time, it was nothing. that pizza, at the ATH last year was worth $200,000,000. thats 200 MILLION dollars. think about that.
  34. 8 points
    Molten

    Charting the course of XRP

    @XRPto50dollars said it best in a recent post: confidence in the whole thing is down. Right now, people don't feel good about XRP. Look at the sentiment around you! It's a ponzi, they're dumping it on us, it's going to 10 cents... it is everywhere. The thing about that, though, is that you don't tend to make a lot of money when you buy something that everybody is ecstatic about. They're ecstatic because the price already went up. Does that mean that all things that have been beaten down in price are excellent investments? Absolutely not - that's when you look at fundamentals. Fundamentals here are pretty good, I think, and the future looks bright, Will that translate into a higher XRP price? I have no idea, but I am betting so. Now, to your question of what needs to happen. I think we are years away from utility-based price appreciation. So, if we are to see any positive returns in the short term, it's likely going to be from speculation. I think the most plausible scenario for this would be that BTC goes up. It goes up, it eclipses its ATH and keeps going. This will bring attention to the space. And when people start to think maybe all the gains have been had in BTC, they start to look around... and they find XRP. This is what happened in 2017 and I predict that it will happen again. Right now, like it or not, we are inexorably tied to BTC and we should all be cheering it on. Because without BTC to buoy XRP and the other alts, it'll be a long wait until utility kicks in for us. Just my thoughts.
  35. 8 points
    Molten

    Charting the course of XRP

    Good question. I look at Bollinger Bands mainly with the moving average. Let's take a look at the 1H for example: See how far outside we are from the bottom of the green band? Let's zoom out a little and you will see how often there is a correction (either up or down) when we get outside of the bands at all, let alone this far out: You can see every time we get outside (usually the upside in this case) there is a big sell off to bring us back down. Same thing applies here. People who were saying that we were oversold when we were around $0.30 were saying that more from a fundamental (or more likely emotional) standpoint. They wanted to believe that XRP was "worth" more than $0.30, taking into account their expectations of what the future price would be. Markets may not be rational (and crypto is surely not a rational market) but the price is what it is. That being said, I can't find an instance in the last year or more where we have fallen this far outside of the bands. Oversold - this is not any sort of guarantee that we will bounce, but I think it likely that we will.
  36. 8 points
    Molten

    Charting the course of XRP

    Another take way from today: BTC has been framed as having an inverse correlation to the stock market, rather like gold, and I do not agree with that assessment at all. Today is good proof of that; the stock market took quite a hit and so did BTC. I don't think there is any reasonable correlation between the two and we are a long way from BTC being viewed as a safe haven asset. It is a "risk on" asset, just like stocks. Nothing that can drop this far, this fast, can be considered a safe haven.
  37. 8 points
    Eric123

    Epic Pennant on BTC Chart

    @Cesar1810 thanks and hugs are not necessary. Yeah I think once we break above the Trendline which would bring us to around $13k, we can bounce as high as $17k (more likely $15k) before a pullback. I don't think we will get back around $19k though until around the end of November. The fun should really start next year though.
  38. 8 points
    I am really impressed. I just tried sending money to Greece. $500 from a US bank account to a bank account in Greece: Okay, what does Western Union offer? So please observe the Amount of Euros received! Also note, the reason that the Bank Account is grayed out in the Western Union app is because the Bank Account direct option is not available through Western Union. What About Transferwise? The rate was $4.99, but you don't get the money until the next day. I can see scenarios where an extra $5 is a small price to pay to have money settled in minutes.
  39. 8 points
    Market cycle, pattern is repeating itself almost identically to the previous years. Hold on tight.
  40. 8 points
    Don't listen to the full hour - even the first 5 min should be enough to get you up out of your chair. It's also worth noting who participated so I've extracted the names for future reference: Panelists: (1) Ms. Neav Chanthana, Deputy Governor, National Bank of Cambodia (2) Mr. Thakorn Piyapan, Head of Krungsri Consumer Group, Bank of Ayudhya (3) Mr. Soon Sze Meng, Vice President, Business, Singtel International Group (4) Mr. Alexi Lane, Founder and Chief Executive Officer, Everex (5) Mr.Sagar Sarbhai, Head of Regulatory Relation APAC, Ripple Moderator: Dr. Daranee Saeju, Senior Director, International Department, Bank of Thailand Nice find @xrpmommy - we should appoint you as head archivist at XRPChat!
  41. 8 points
    Dear Brad, I want to be rich off your efforts but I don't want to wait until your long term strategy comes to fruition so can you please do the most stupid thing I can think of and burn your war chest and all your other nice things so I can buy a lambo. Yours sincerely A Fukwit
  42. 7 points
    I find it interesting how many newly created members immediately start using the word ‘hopium’. It’s almost as though they are on a crusade like their other alter-egos other members are.
  43. 7 points
    Don’t mind him, he has nothing of value to add in any discussion and is just trolling all the time.
  44. 7 points
    if you spent $5000 on xrp back in 2017, it would have been worth $5.5 million dollars last year and still worth $416,600 today
  45. 7 points
    Since XRP has taken off on charity fund-raising, it might be great to have a designated account where those who wish to see less XRP in circulation could donate from their stack for a "prescribed burn" which would benefit everyone. Let those who are wanting to burn more XRP be the first to contribute.
  46. 7 points
    Molten

    Epic Pennant on BTC Chart

    So we are smack dab in the middle of my buy target of 10.6-10.7k for BTC... but now I'm interested to see if BTC dominance bounces off of the trendline or if this is the start of a bigger break down.
  47. 7 points
    I’m considering suing Rolex because all of my friends made profits selling their old Rolex watches but when it was my turn to sell my watch, the price dropped. I think it is Rolex who miss led me to speculate. It’s because they sold too many watches in this quarter. I lost money because of them! Where is my money Rolex?
  48. 7 points
    Shanna Leonard (Sr. Director of Audience Marketing, Ripple) at the RampUp SF 2019 on Feb 25 along with Noah Choi (Client Partner & B2B Specialist, FB) Topic: B2B & B2C Marketing: Differences and Similarities Video was published on August 5 https://www.xrparcade.com/event/shanna-leonard-at-rampup-san-francisco-2019-video/
  49. 7 points
    I found it invigorating , So fun to see all the collaboration and progress. The thing about fundamental innovation, is that it always "takes root at the edges" of the market. China has been wanting to see the IMF/World Bank have some competition for 20 years. It's been clear for a while, but this video drove home the point... the Asian 10 payment markets are going to be the first stepping stone for the IoV.
  50. 7 points
    I think this is a misunderstanding. XRP is not intended to be a currency to be compared to the dollar, or a store of value to be compared with gold or BTC. It is a digital asset with a function to carry money across borders. It's value is measured against its use case, which is conversion in and out of fiat (and fiat backed stable coins). Low XRP prices reduces the depth of the order books on exchanges. Shallow order books mean that the transfers that XRP carry will only be low value (present situation), high prices mean deeper order books which will mean XRP will be able to carry higher value transactions across borders (intended future purpose). Bob Way told us that Ripple got many more enquiries from banks when the price spiked at 3 dollars. Up until that moment the interest from banks was very muted. I think the present slump is not suited to banks and banks would be more interested if XRP gained value. Low prices may help Ripple distribute more XRP to places they will be needed. But it also means Ripple gets less money to spend building the XRP ecosystem. The controversy about whether XRP is a security make it very important that Ripple do not get involved with manipulating price. If XRP is successful and reaches a position of dominance in the cross border payments market it will be carrying trillions of dollars/yen/euros across borders every day. The XRP will get locked up in Smart Contracts and investment portfolios. At this point XRP will become a store of value and people might start regarding it as a currency as well as being a digital asset. But XRP's price will always be measured against fiat currencies. In effect its value will always be measured against a basket of all the currencies that are using it as a DA, and its price will always be fluctuating because the fiats pairs inside the basket are always being re-evaluated against each other. My guess is that it will always be gaining value as more and more of the XRP stock gets sucked into places where it is inaccessible to being used. My portfolio is 100% XRP
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