Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation since 05/22/2020 in all areas

  1. 18 points
    BAX

    MoneyGram and Uber Launch Partnership

    Not directly related to XRP but still it could be the implosion point. Moneygram uses XRP ,then Uber drivers can use XRP. Its a big news but the price doesnt matter. https://finance.yahoo.com/news/moneygram-uber-launch-partnership-support-190000642.html
  2. 13 points
    https://www.xrparcade.com/news/bitstamp/
  3. 12 points
    XRPwinning

    ODL Viewer

    Been working on a ODL viewer. Has daily info, full history, recent transactions. Let me know if you have any suggestions! I can make the changes asap. Data is provided by Mourads API https://utility-scan.com/#/dashboard Here it is, https://www.xledg.com/
  4. 11 points
    Ripple Weekly report FXcoin is site that provides the information and analysis that is really necessary for trading crypto assets. They are writing Ripple's weekly report Wednesday at 15:00 JST. Their report can be very helpful in getting to know Ripple. By checking the weekly reports, you can see that Ripple is making steady progress. https://translate.google.co.jp/translate?hl=ja&sl=ja&tl=en&u=https%3A%2F%2Fnews.fxcoin.jp%2Ftag.php%3Ftag%3D%E3%83%AA%E3%83%83%E3%83%97%E3%83%AB%2B%E3%82%A6%E3%82%A3%E3%83%BC%E3%82%AF%E3%83%AA%E3%83%BC%2B%E3%83%AC%E3%83%9D%E3%83%BC%E3%83%88
  5. 11 points
    LeonidasH

    Go2 exchange runs on Ripple

    https://www.xrparcade.com/news/go2-exchange-runs-on-ripple/
  6. 9 points
    Eric123

    Epic Pennant on BTC Chart

    Look at those Bands Tighten. JP Morgan has come around. Goldman Sachs hasn't yet but they will https://dailyhodl.com/2020/05/27/in-sudden-crypto-turnaround-jpmorgan-now-says-bitcoin-btc-is-significantly-undervalued/
  7. 9 points
    zerpener

    ODL EUR/USD

    Looks like a large amount of potential new EUR/USD ($1.5m) and also more USD/EUR transactions spotted on utility scan! Has this corridor been announced? Could we speculate if this is testing or a real customer use case?
  8. 9 points
    https://www.xrparcade.com/news/crypto-company-founded-in-2011-adds-xrp/
  9. 9 points
    A fairly common rhetorical technique is to take a point and stretch it to the absurd, and by doing so make the original point absurd by association. I did not say that, and I’m guessing you know it. My point was that either it is a scam, or these people, who do it for a living and have everything to gain if they can succeed, have a better understanding of the problems than you and I, and yet they still see a way forward. Knowing that should give any armchair Admiral at least a little pause before concluding that this or that corridor cannot work. And no, they won’t run out of money eventually ( if you define eventually as being within our working lifetime,) and that’s a good thing because they are making a sea change in world finance which is no small undertaking. Perhaps they are one of the only players with the wherewithal to achieve this revolution of finance. I’m a little puzzled why you think it cannot have multiple paths and players beyond just market makers, and therefore a balance overall, not just across one corridor. But anyway, I’ve made my point and I guess it’s up to you and the reader to decide if this current situation is the limit of possibilities. Thank you for the discussion.
  10. 8 points
    Jotaro

    Anytime soon

    If you want to tell people it's time for take off, this is the correct way to do it, which is Back it up, not to remain secretive/pm/showing a Deer avatar. I dont need you all to request pm, here's my take, no you dont have to send me 1,000 xrp and i wont send you 100,000 xrp back either. Some lifeform pm-ed me here's the stages of progression: 1. under the descending trendline for 1 year 2. started to use the descending trendline as support in the 2nd year 3. lift off and look where we're at now in the pic below:
  11. 8 points
    That’s generally a good policy. But there are situations it is not sufficient to convey the full situation. Imagine asking about a local hardware store... is there one? Let’s assume not, but there is a vacant lot with a sign up saying there will be one. Fact is: no local hardware store. Then the builders move in and start constructing it. Fact is: no local hardware store. Then the building is complete and the fit-out begins. Fact is: no local hardware store. But maybe at some point it’s legit to say that there will be. Same thing is happening here... things are being built. You are correct in what you say, but are you correct in conveying the situation? Here are some facts. Moneygram want to use more XRP but are limited by liquidity that is slowly growing. Uber drivers have access to Moneygram at cheaper prices. Many Uber drivers remit money to the targeted corridors ODL is growing in. So flat out saying “nothing to do with XRP” might be presently true, but also might not be actually conveying the full situation. Certainly it is not a stretch to think that XRP might soon be used in a percentage of these Uber driver remittances. (Currently north of ten percent for Mexico) I‘m not saying you are wrong... but am saying sometimes saying a ‘fact’ is only part of the story.
  12. 8 points
    The puzzle pieces are coming together! Remittance customers and Uber drivers have a lot of crossover, so the partnership will encourage those folks to use Moneygram (and therefore RippleNet) for money transfers. This could also explain the many Uber references in Ripple presentations over the years. Moneygram seems to have been on fire lately (in a good way). I think RippleNet is at the heart of many of these integrations and developments.
  13. 7 points
    https://www.xrparcade.com/news/hong-kong-based-exchange-lists-xrp-with-eight-new-utilities-all-under-one-roof/
  14. 7 points
    jn_r

    ODL EUR/USD

    I think it's a valid use case (e.g. Moneygram converting EUR to USD) using the available rails from ODL. It follows as a consequence from having ODL market makers available on XRP<->EUR and XRP<->USD. And because it involves the same exchange the XRP does not have to be transferred via the XRPLedger. If the exchange rate is cheaper than other markets, then why not? I think this can happen from time to time due to imperfections in the EUR<->XRP and/or USD<->XRP markets. And of course, enough liquidity on both currency pairs, such that the order books are not hollowed out
  15. 7 points
    Frans

    Question on the Cross-Border ODL network

    And indeed, I was. Or maybe, judge for yourself. So, in the 2016 Q4 market report, Ripple announces the following: Also, in Q1 2017 we plan to offer qualified market participants the ability to borrow XRP. This will facilitate enhanced participation in XRP markets and will lead to deeper and more stable markets. In other words, these are probably (in part) incentives to get MM's on board. An MM that wants to start in the corridor USD - MXN (Bitso-BitStamp) needs 2 things: 1. a pile of XRP to facilitate the flow of Moneygram htrough Bitstamp, which they know is coming, since Moneygram is contractually obligated to do so. 2. a pile of MXN Peso. Now, to make 1. simple and attractive, Ripple (probably Miguel Vias) talked to MM and said: You can off course buy a ton of XRP on the open market, but since we are an interested party to get this stuff up and running, we can lend you a pile of XRP. You pay us a percentage like it is a loan, so you can keep those intital dollars in your pocket. You also don't have to go onto the open market to borrow it, and the percentage we charge is below market. @xerxesramesepolybius Leaves them bankrupt ? That sounds dire and one of the links you showed mentioned this as well. It is 100% false. A Market maker has several tools in his arsenal to manage risk. The first that come to mind are derivatives. More specifically (put)options and futures. If they'd build up a big pile of XRP during the day, they simply use a put option/go short on XRP. This is in Ripple Q4 2019 report: To date, XRP derivatives have become available on several exchanges such as Binance, Huobi, OkeX, AAX and FTX. Moreover, XRP derivatives are a potentially important tool in order to manage exposures and transactions through Ripple’s cross-border payment solutions, where XRP is leveraged. The introduction of derivatives, widely accessible in more mature markets for traditional assets, is an important step in the maturation of digital assets, as they help to improve the efficiency, liquidity and robustness of markets. Regards, Frans
  16. 6 points
    In the future, Ripple powered Forte blockchain gaming tech could power game economies worth a staggering real-world value: https://coil.com/p/macropolo/Ripple-Gaming-and-the-Creation-of-Digital-Economies-An-Analysis-of-Recent-Forte-Blockchain-Revelatio/gi5ETIMok
  17. 6 points
    I don't know if David hinted at it.But I seem to increase EUR / USD pair volume. https://utility-scan.com/#/dashboard I think this is probably caused by autobridge bridging two order books with XRP. For example, I think Bitstamp's XRP/USD and XRP/EUR order books are automatically synthesized. https://xrpl.org/autobridging.html https://xrpl.org/blog/2014/introducing-offer-autobridging.html
  18. 6 points
    Eric123

    Epic Pennant on BTC Chart

    Bitcoin's Bollinger Bands are tightening and the Price is above the Downtrend line. - On the Weekly and Monthly chart things look even better - The end of the Week and the End of the Month will Break those charts as well. Price just broke the recent down trend - I see the price moving up from here a close over $10,500 and it will start to move higher. Look at LTC's chart Bollinger Bands been straight and tightening for 7 weeks - it's ready to blow. IMO given where the prices are too many factors favor a rise in price for the break to be down.
  19. 6 points
    https://youtu.be/yrxYhv2O3wU As the title says. One might find implications, potentially related to the role of crypto technology in general and xrp in particular. Make of it what you will, if you can spare the time.
  20. 6 points
    SquaryBone

    ODL Bitso XRP/MXN Volume

    I understand only a few corridors are active now. However there's only a fraction of those 22k corridors that do meaningful volume. This is not a simple calculation sadly, we can't just extrapolate. Nor in the existing corridors or with expanding to more corridors. Do we have 40 mill$ XRP volume a day on ODL (I don't keep track of the number)? Even if it hits that 100% of daily volume that would only support the current price (sub 20cents). Of course speculation is never 0%. For getting 2, 20, 200$ XRP that some are hoping for we'd need far bigger increase (and preferably in a small timeframe ). I still give it 2 years to see substantial (10x-50x) increase in volume. I'm not in it for 1xx$ XRP. 2-10$ would already be nice returns. All above it is a bonus Just waiting (im)patiently for those new corridors to be fired up.
  21. 6 points
    https://www.xrparcade.com/event/warren-paul-anderson-at-reimagine-2020/ Warren Paul Anderson (Head of Developer Relations at Ripple) speaks about Xpring, RippleNet, liquidity, payment friction, regulation, Libra, Ripple customers, Jed McCaleb, Stellar/competitors, centralization, adoption, and more.
  22. 6 points
    Eric123

    Epic Pennant on BTC Chart

    To be fair it was 10 mil usd on Bitstamp alone. I haven't gone through the other exchanges but Bitstamp, Kraken, ItBit and Coinbase are used to price the CFTC futures price so they were probably involved. Also other major exchanges like Binnance would also have to be involved. so lets say probably $50 million is needed to crash the market. It's true that Bitcoin does not have a ton of liquidity but a lot of markets would have a hard time absorbing that kind of selling all at once. Bitcoin doesn't have specialists making a market for buys and sells so it sometimes happens that all the bids get taken out with a big market order, but the price rebounds. As price increases so does liquidity. I think a good question to ask to determine the potential price of Bitcoin is - what price does it need to reach to have enough liquidity so that one entity cannot crash the price. I think it shows that we are a long way away from the top. Look at it this way - in 2016 what would a $50 million market sell order have done to the price. You don't have to look, I'll tell you. It would have crushed it. Today if that happens it moves down 10% for a few minutes then rebounds and finishes the day down like 5%. In another 4 years it will take a $500 million market sell order to do the same. And so on and so forth.
  23. 6 points
    ADingoAteMyXRP

    ODL EUR/USD

    Yep! I think they announced it back in Jan or Feb, but since the utility scan volumes looked low at the time it didn’t get much attention. Turns out the algorithm just wasn’t showing those trades yet — it’s probably been ramping up alongside USD > PHP since the start of the year.
  24. 6 points
    Xrpiet

    ODL EUR/USD

    @JannaOneTrick pointed to this tweet in another thread. Also on https://ripple.com/xrp/market-performance/ it mentions 5 markets, meaning USD, AUD, MXN, PHP and EUR I think. That's been the case for quite some weeks now, so I don't think this corridor is that new, it just wasn't shown on the utility-scan tracker.
  25. 5 points
    moncho

    Easy IOUs on Xumm.Community

    Hey All! So last night I tried out the Easy IOUs feature (https://xumm.community/easy-iou) rolled out by Xumm.Community and created my own IOU on the XRPL called Xontle (XTL) after the currency used by the Mayas (cocoa beans). As stated in the website perhaps this is the most straight forward way to create an IOU in the XRPL and I could confirm. It took me a little less than half hour and cost me 5 XRP service fee and another 10 XRP put in reserve to create trust lines.. I wrote about my experience with the service (not a how-to guide, as I think you need to read step by step carefully). https://coil.com/p/moncho/Back-to-Basics-Xontle-a-Cocoa-Inspired-Token-in-the-XRPL/DUKsP0N9X
  26. 5 points
    That is true for sure. None of this is certain and hence the risk. In fact risk and return are always correlated. So in my hardware store example, the risk of it not happening is highest when it’s just vacant land. If you were somehow investing in it then, at that point the shares would be cheap... high risk, high possible return. By the time the “Open Saturday” sign is put out the risk is small and the return from an investment at that point also is also small. Where exactly we are with XRP and the risk return situation is not at all clear. Hopefully we are still at the cheap end and not at the top end.
  27. 5 points
    KarmaCoverage

    ODL EUR/USD

    ODL market makers will want to borrow XRP (just think of it leverage for their inventory) to conduct their business. I'd expect that as liquidity depth grows, so will demand to borrow XRP (more business to do)... and like I said in my previous comment, I expect interest rates to be rising for the rest of my life, or at least my effective working life. Market Makers will earn a spread, which competition should shrink to a minimum. The spread will be the difference between their borrowing costs, and the interest rate they sell access to XRP at. These borrowing/selling interest rates should both rise in tandem, maintaining a stable spread over time. Folks that are not holding a levered position in XRP (own it outright, not borrowing XRP) should be able to enjoy rising interests when lending XRP.
  28. 5 points
    You're welcome, glad the tool was useful
  29. 5 points
    Eric123

    Epic Pennant on BTC Chart

    The hash rate doesn't directly effect price but a lower hash causes longer block times so that the block reward, new 6.25 bitcoins, are not created every 10 minutes but could take as much as 100% longer. The difficulty is adjusted every 2016 blocks or approximately every 2 weeks so that an average of a 10 minute bock time is maintained.. https://www.blockchain.com/charts/median-confirmation-time So a lower block rate causes less new bitcoins providing upward pressure on the price. If miners have a stash of bitcoins they need to dump that would certainly drop the price but if they are not running a profitable operation they would most likely hoard their coins and wait to sell at a higher price or just shut off their operation. There are other factors to consider rather than pure economic ones when viewing hash rate. See this article. https://cointelegraph.com/news/china-strikes-down-10-of-global-btc-hashrate-who-will-pick-up-the-slack Overall though Hash rate can be viewed as investment in the bitcoin ecosystem and other than the volatility around the 4 year halving disruptions it has been in increasing.
  30. 5 points
    Dogowner5

    ODL EUR/USD

    No. Because these trans are being tracked from the api so they are there, they already exist, as EUR XRP not as EUR USD. Did you not understand what they mean when they say ‘track the trades’? as was said before you posted, there is very little liquidity EUR USD on the exchange and as also was said earlier, the software is created to make FIAT XRP, then XRP FIAT trades. This is in line with what it is already doing.
  31. 5 points
    Eric123

    Epic Pennant on BTC Chart

    More sideways action. Bands continue to tighten. Bitcoin's price continues to move above and below the Down Trend Line throughout the day. Again I think once the Bollinger Bands tighten further it will make a big move up.
  32. 5 points
    when XRPL is used this field contains the transaction hash on the xrp ledger, in EUR-USD as XRPL is not involved, we set this field with OFFCHAIN_[TIMESTAMP_FIRST_BUY]_[TIME_STAMP_FIRST_SELL] we can run a batch to retrieve some data from last week but I prefer keep the history of utility-scan, and YES, monday I'm sure we'll got a new ATH
  33. 5 points
    For god's sake, don't **** off one of the only active members in this forum. If it wasn't for his posts this place would be dead and I'd likely just stop coming.
  34. 5 points
    Frans

    Question on the Cross-Border ODL network

    And there are even more ways this can work. @CryptoEri did an interview with Nicholas Steiger. CEO of FlashFX. Steiger explained that Market Makers are (big) financial players. There might simply be an institution that somehow has tons of MXN on its hands that it wasn't able to use. Now it can use that cash. Also, in my last post I showed that Ripple seems to be working on a JPY -MXN corridor. An MM might have come aboard under the condition that that corridor is one of the next to be opened. Moneygram CEO Alex Holmes has said, I believe on stage during SWELL, that they were in talks with Japan... Just thinking out loud here, but this is such a complicated use case that we can only hazard wild guesses. Regards, Frans @Jot7684
  35. 5 points
    Eric123

    Epic Pennant on BTC Chart

    Bollinger Bands continue to move flat. I'm guessing they will tighten and then Bitcoin will make a jump up. The price is currently below the Down Trend Line but has uneventfully been moving above and below it. $10,500 is the price to break then it's off to the races.
  36. 5 points
    Julian_Williams

    ODL EUR/USD

    It is good to see growth on the utility scan which has been a bit flat for a while I know the big banks are well funded with nostro accounts on both ends, I hope this corridor will be used a lot by fintechs and they will undermine bank domination. Crypto Eri speculates Chris Larson has been moving large vol of XRP over the last few days to fund new ODL exchanges/market makers
  37. 4 points
    This is likely because liquidity depth is still shallow, relativity to their total addressable market. This will also be true for most RippleNet users, until market participants (exchanges, custody, derivatives, etc) are existing in each domestic economy. Tick Toc, Tick Toc, Tick Toc
  38. 4 points
    jMusic

    Epic Pennant on BTC Chart

    Price is starting to oscillate beautifully (think sine wave) and typically the amplitude gradually decreases until eventually triggering a significant move. Something is brewing and as I said a few days back I think it is a move back up to the $9,800-$9,900 area.
  39. 4 points
    Exactly, it's a good way of looking at things
  40. 4 points
    Thanks. Oh well, no matter... it’s an ATH from here on in then. If it’s exceeded again it’s not a artefact of the method.
  41. 4 points
    thanks I think the new #ATH is due to the new corridor that was hidden for us
  42. 4 points
    https://www.xrparcade.com/news/xrp-options-trading-now-available-on-binance/
  43. 4 points
    jn_r

    ODL EUR/USD

    David Schwartz puts it like this:
  44. 4 points
    De_Graaf

    Epic Pennant on BTC Chart

    Thank you for the clarification. Gossip talk aside, regarding that tweet and whatnot, I've brought that question up for the simple cause and effect. I mean, on this thread you track and extrapolate price predictions based on various means. Aren't you at all perpexled by the fact that a single entity can whimsicly decide in an instance to bring the tiny amount of 10 mil usd to market and tank the price for 10%? Not to even consider a broader perspective where automated arbitrage, to name a single thing among many, should not allow this to even occur. It is quite unbeliveable to me. From a speculators' point of view this is fantastic, unimaginably so, as the very same thing can occur as easily in the other direction. From a more practical/tehnical pov it is depressing, to say the least. It's been a decade already and lot of things have happened during that time. Nonetheless, it still behaves like a liferaft in a hurricane. Perhaps this sentiment is more a reflection of my own expectations rather than actuality. At the end of the day, eventually, someone has to own (hold) this asset, for whatever purpose we generally describe as utility. I am speaking for all digital coins here, not just bc. Theoretically, one could device an approach with xrp, given its properties, where it is not required to keep any and still use it, like a hot potato, but that still defers risk to someone else. Bottom line is, as long as events like these occur, proper usage will not. Even activities, such as the ones in this thread, concerned with price predictions are rendered extremly difficult or potentially meaningless. How would you account for the intentions of a single entity to make such effects? And yes, i'm aware that the content here is made for fun, but even fun should not be an excercise in futility. Cheers, and sorry for the mild derailment from the topic at hand.
  45. 4 points
    Everyone please be careful As with any new exchange be sure you know who they are There was a Twitter account claiming to be NitroEx which is now down (search NitroEx at Google, first result) There seem to be two domains, nitrotoken and nitroex The nitrotoken company registration number (GMT 26584529) does not seem to exist The website nitroex.io immediatly fowards to the non existing site: https://www.nitorex.io/ With the 'www' prefix the site says 503 service unavailable: it does not work at this moment. My opinion: stay away for now
  46. 4 points
    Eric123

    Epic Pennant on BTC Chart

    HAPPY PIZZA DAY First Price Bitcoin had 9 closes above the Down Trend line before falling below it yesterday. Currently the price is also below the line although it has been moving around it this morning. It looks like the price will break through the line sideways while the Bollinger Bands are tightening then I expect it will be propelled up. After $10,500 falls it should close the door on sub 5 figure bitcoin for good. Now Pizza There have been many great blunders in history that have befallen many men. Three of the more popular catastrophes are as follows: Ronald Wayne - Co Founder of Apple - sold his 10% stake in the company for $800 in 1976 - Today he'd be worth $130 Billion Pete Best - Original Drummer for the Beatles fired August 16, 1962, replace with Ringo And a name that will go down in history and somewhat has already in our niche market - Laszlu Hanyecz who on this day in 2010 (in what is credited as the first commercial transaction with Bitcoin) traded 10,000 Bitcoin for two Papa John's Pizzas. Not that the transaction was too bad at the time although he traded $40 worth of bitcoin for two pizzas which isn't good but from what I read Laszlu never replaced the coins. Who's blunder is the biggest? So far I'd say Pete Best"s there are some things money can't buy, but I think Laszlu will eventually overtake him. Thoughts? Is there anything more painful than missed opportunities?
  47. 3 points
  48. 3 points
  49. 3 points
    Frans

    ODL Bitso XRP/MXN Volume

    Yeah, reported volume is laughable. Cryptocompare shows a way more realistic volume. It's in line with the report from last year that showed that 95% of BTC volume is fake. Cryptocompare shows 190 million today. Crypto compare Top Tier shows just 150 million, which is much more in line with what Ripple itself shows on the site. (Ripple doesn't show coinbase btw, strangely hilarious) https://www.cryptocompare.com/coins/list/USD/1 https://xrpcharts.ripple.com/#/xrp-markets So, going from that, let's say 200 million actual global daily volume, ODL might be responsible for 20% of global volume during workdays, weekends only have 4 million ODL as far as I can tell, and I am not clear what CCTT's volume metric is in the weekend. There were no more datapoints on utility-scan when I started looking into it a little more in depth. LOL, yeah, 100% would be nice, but 70% is certainly doable with only 10 out of a possible 22k corridors actually being open. regards
×
×
  • Create New...