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  1. 20 points
    Julian_Williams

    The Big Deal

    That visual showing how much money Ripple are investing in Coil is a big story. A little while ago I watched a video where Stefan Thomas explained how they designed the architecture of XRP (or was it Codius) to be very open and flexible to accommodate change. He mentioned how he was avoiding the pitfall ETH had fallen into, apparently ETH is written in a very dense manner with too many options. In a nutshell his mantra is: Built in plasticity wins over accommodating long lists of options for every imagined eventuality. This guy has a very intelligent approach to developing software. He helped design XRP and now he is going after being first in a very big market he has identified. I am quite sure the present iteration of Coil is open to changing to fit the markets that emerge. I think people should not think the way Coil has been launched has much to do with how it will look in five years time. Coil as it presently stand is an opportunity to get a few techies and XRP fanclub involved. This early in the project feedback is king and people like Hodor and Crypto Eri are doing their bit. Streaming payments is not just about videos and entertainment. I have many subscriptions: Business accounting software, Adobe design suites, Trade reference suites, Address finding software, Microsoft Office, Norton spam filters, mobile phones, voip phones and online tutorial services. This is costing my business many thousands a year. I do not like the blanket fees these software companies charge and would far prefer to pay by usage. My wife has a car she uses once a year. Again the insurance should be on usage in real time. Car hire should be streamed on usage. Parking meters should start when I park and stop when I leave. Streaming payments will be huge. Coil are building something with the plasticity to take advantage of the markets as they emerge, that's why Ripple are putting so much money behind their former CTO.
  2. 19 points
    automatic

    Epic Pennant on BTC Chart

    @Eric123 My perspective is a bit different; in my opinion the alt season begins once BTC momentum tapers off and the price becomes stuck. While this may take place after BTC hits some ridiculous ATH, I think that chances are pretty good for the season to start before BTC ever hits 30k (which is the magic public FOMO boundary imo). The reason for my thinking is market manipulation and whale (MM/trading desks/whales) action. Since the market remains unregulated, no safety checks exist that would prevent large players from using their shenanigans to move the market to their advantage. While these large players will be after the exact same thing as retail investors (buy low, sell high), their predicament will be somewhat more complicated due to limited crypto liquidity. Fortunately for them, they can use their large size to move the market to their own advantage and create liquidity needed to enter or exit positions. Unfortunately for everyone else, that liquidity is always created at the expense of retail traders. Take the recent xrp drop below a multi-year support; how many people do you think had their stops set right below support as they were *certain* that the support would hold? Push price below support, trigger stops, create a mountain of sells, mountain of sells provides excellent liquidity for whale market entry at rock bottom prices. Easy-peasy! Hopefully the next step in this sequence is to capitalize on positive xrp market sentiment by pushing the price above intermediate resistance, create a mini bull run, capitalize on the public FOMO, and unload into the wave of retail investors jumping onto the xrp bandwagon. That scenario aside, one angle that is missing from nearly all analysis is the one that attempts to predict what whales and large MMs might do given a particular technical setup. To do exactly that, I think it is important not to only look at price action, sentiment, supports and resistance, but to also contemplate where liquidity is located as liquidity will be the key factor driving whale action. Breakdown/breakout/fear/fomo/short-long squeeze will all be the tools used for extracting liquidity from retail investors in this instance. Wit that in mind, these days I try to not only look at TA and sentiment, but also overlay that with thinking like a market manipulator. Yes, this is the setup, this is the sentiment, this is the expected price action... okay, now if I were a whale what would I do to profit from this setup? When I apply that type of thinking to our current setup, this is what I see: I need to get BTC to 30k; BTC momentum is drying up; alts are freeze-dried (to quote @dr_ed) but people are still bullish and calling for the alt season; no one thinks that BTC will drop below 9k ("that's not how the bull market behaves"). Ok, what I can do now is slowly start to pump the alts to get people looking at that direction and gradually interested; then, I can drop btc to speed up the transition to alts; then I can push btc below 9k to really trigger those stops and create entry liquidity while at the same time pushing alts even higher; then I can sell my alts right into the wave of retail selling their btc and convert my newlyfound gains back into btc at rock-bottom prices. Far fetched? I think it was Phil Potter who said something along the lines of "if it wasn't for us, BTC would have never gone above 2k". Plus, I distinctly remember back in 2017 losing my mind trying to time alts vs btc since as soon as I would jump onto one bandwagon it would begin to pull back and the other would start going up. The lesson there is that large players can effectively use alts to fuel btc, and btc to fuel alts. Alts have thus far not fueled btc, but they are freeze dried and ready to go. Once btc gets stuck, my bet is that it will be the alt rally that refuels it for the next leg up. As to whether btc will get stuck before 30k, we will have to wait and see.
  3. 17 points
    strikerjax

    Forte Blog

    This is from the forte Gaming Blog. They have a few other entries worth checking. https://medium.com/forte-labs-inc/forging-the-future-of-games-3aebbaf6eccd "we’ve collaborated closely with Ripple’s Xpring team on architectural designs for trustlessly hosting software services in a decentralized ecosystem using Codius and facilitating cross-chain transactions using Interledger Protocol (ILP) for interoperability and XRP for inter-asset liquidity, all open source projects. We believe these projects offer a strong foundation for a future we’re excited to help game developers build: where game economies offer multi-directional transactions between parties, greater player agency, minimized counterparty risk, multi-network contract interoperability, and trust-minimized computation." "Initially, we’ll help developers with some of the difficult but essential basics. We’re building a wallet that will be easy to use and integrate with both new and existing games on many platforms and facilitate cross-chain transactions using Interledger. We’re building a container-based hosting solution compatible with the Codius specification for running game-specific chains and flexible, secure, performant computation that rich, engaging games need. We’re building a security-audited smart contract framework and tools to inspect nodes, update contracts, reconcile new data, generate data reports, and mint new chains. We’re securing licenses for regulatory compliant operations in all major markets. We’re offering market-making services to address cold start economic challenges in new game economies. We’re building a white-label marketplace framework with embeddable filter-by-game views. We’re composing these solutions based on a deep evaluation of public blockchains, layer 2 solutions, and off chain computation in combination with our own substantial research and development efforts." The inaugural fund, managed by Forte, is primarily targeting game developers operating live game economies with over 50,000 daily active users Main team members : Kevin Chou founded kabam and sold it for $800 mil, Brett Seyler, GM at Unity Love what Ripple is doing with its investments and building partnerships to fuel XRP usage. In the light of this, I would think the 1 billion investment in Coil would have been very well thought out.
  4. 13 points
    rootvegetable

    The Big Deal

    what does coil need with a billion xrp? there are countless startups that succeed with far less funding. ripple didn't even receive that much funding. is coil really that game changing? I actually don't believe that internet content monetization could possibly be the end game for coil with that level of funding.
  5. 13 points
    In other news, an asteroid could hit earth tomorrow.
  6. 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.
  7. 11 points
    QWE

    Trim the fat

    Also, @Sporticus, this is your quote from April 2018 (I bolded the part that is completely cotradictory to what you are stating in this topic): Can you explain what changed your opinion in this one year?
  8. 11 points
    Recently there has been a narrative the past few months that cryptocurrencies or the current digital assets traded on the open market are non-correlated assets to the traditional markets. While this rhetoric has been reiterated, there has not been any substantial evidence backing these claims. General retail investors would stereotypically agree that the crypto market behaves in a chaotic manner. Untethered from any external influences and simply driven by its gradual adoption as a means of transacting business without third parties or as a haven. But given historical macro movements, it appears that there has been a correlation to equity markets. Intermarket relationships typically become exaggerated during the months of large macro movements in the markets. Allowing relationships between assets to be easily observable. While the crypto market is relatively “young”, there are several instances within the past few years that have met these conditions. The infamous bull run of Q4 2017 and the September movements of 2018 were two distinct periods where the intermarket relationship between the cryptocurrency market and equities appear. For the sake of discussion, my observations will be primarily focused on XRP. Both BTC and ETH will be sparingly mentioned as most digital assets moved in tandem during these periods. December 2017 During the period in which both BTC and ETH rallied into Q4 2017, alt-coins were experiencing both drastic and exponential bursts of appreciation and corrections. These price movements were often random and unsupported by any announcements or developments in their blockchain networks. And while retail investors in the crypto market were perplexed by these movements, managers and investors outside of the space realized a bubble was forming. XRP’s sudden ascent into single digit dollars late December spurred rumors of elaborate projects going “live” on the XRP ledger or that massive funds had begun to invest into the digital asset. Yet understanding the financial and economic environment during this period provides valuable context to XRP’s movement. At the time, the US domestic economy (along with other major economies in world) began to enter the late-cycle economic phase. Throughout 2017, global markets were experiencing a bull market that was reflected in equities. Bull markets tend to create feedbacks in which investors continue to reinvest or utilize more capital as assets rise in value and new market participants enter. As lenders and speculators gain money fast, speculators equity grows giving them more collateral to secure new loans to reinvest which reinforces the bubble. As speculators continued to make more money, they began to reinvest in even riskier assets. The crypto market at the current time was a completely new and unregulated market to retail investors, making it extremely speculative. As investors from the traditional markets continued to earn capital, they began to seek other avenues to make more money. Eventually more and more investors found themselves entering into the crypto market after either hearing or seeing how participants were doubling or tripling their money effortlessly and quickly. During a bull market, investor psychology begins to change due to the influx of money being made. This eventually causes a shift in investor mindset where the appreciating assets they own are sacred to them and that anyone without them are missing an opportunity. Which exactly matched the general sentiment around the crypto market in Q4 of 2017. Essentially the performance of global equities created a spillover of capital that reached digital assets. Looking at the historical charts during this period and overlapping them, one can visually see this movement. Equities and the total market capitalization of the cryptocurrency market reached all-time highs within a month of each other. Along with reaching all-time highs in unison, markets began to roughly correct simultaneously with crypto being the first to do so. This was easily explained as cryptocurrencies are extremely speculative in comparison to the equity markets and thus carry the most risk. As markets began to reach their tops, riskier assets began to sell off first which was then followed by other, more traditional financial assets. In order to find how strong of a correlation between US equities and XRP during this period was, one would have to calculate and compare their respective performance. There are several methods of calculating relationships between assets, but my methodology will be focused on calculating the Pearson and Spearman coefficient. Both calculating the Pearson and Spearman coefficient will measure the extent of how linear the relationship between both assets are. Both coefficients are always valued between -1 and 1. A positive coefficient implies a positive correlation while a negative coefficient suggests the relationship being inversely related. Along with that, a coefficient around 0 indicates the relationship between both assets is extremely weak. Spearman's correlation determines the strength and direction of the monotonic relationship between the assets rather than the strength and direction of the linear relationship. “A monotonic relationship is a relationship that does one of the following: as the value of one variable increases, so does the value of the other variable. Or as the value of one variable increases, the other variable value decreases.” (1) The following calculated coefficients used both the SPX and XRP daily closing price (excluding the weekends) from January 03, 2017 to May 10, 2018. Ending at May due to visually seeing a divergence begin between both assets. A total of 341 observed daily closing prices for both SPX and XRP were observed. The Pearson coefficient between the assets was calculated to be 0.783669 while the Spearman coefficient is 0.861674. Both coefficients calculated suggest a moderate to strong correlation between the S&P and XRP during this period. Confirming the assumed correlation derived from visually interpreting the overlapped historical charts. Final Thoughts: • Due to the crypto market being illiquid and having shallow order books compared to equity markets, cryptocurrencies experienced exaggerated movements compared equities. • The May divergence can be attributed to many factors such as governments clamping down on exchanges/cryptocurrencies while warning retail investors that crypto was an unregulated space and penalties could be handed for illicit activity. Another possibility could be that capital began to flee in the wake of a bear market beginning in cryptos and along in global markets. September 2018 Although a divergence followed the market corrections of early 2018 between equities and cryptocurrencies, the correlation would reemerge later in the year. While digital assets further depreciated from a correction into a bear market, equities rallied the following months from May. Global equities rose to month-long highs in October with US equities reaching their previous record highs at the same time. Crypto at the time was finally stabilizing itself from the previous correction in January and began to consolidate. But without any developments or announcements, XRP saw its value rise significantly in September 2018. In respect to the other digital assets, XRP was the only major digital asset to experience such drastic change within a couple of days. The extreme movement once again spawned several rumors of entities utilizing the XRP ledger for operations. But US and global equities during these months provides an insightful context to the digital asset’s movement. For example, US equities once again topped in October and began to enter a period of correction with XRP reacting and following the market. To further support the argument of the equities’ influence on crypto, XRP mirrored the stock movement of SBI Holdings. SBI is a major share holder of Ripple and promoter of Ripple’s technology in the Japan. Forming the Japanese banking consortium intended to use xCurrent for domestic rails and SBI Ripple Asia, a subsidiary meant to drive adoption of xCurrent and xRapid in the Asian Pacific region. Explaining the inexplicable tandem in movement between XRP and SBI’s stock. Calculating the Pearson and Spearman’s coefficient describing XRP’s relationship between the SPX and SBHGF(SBI stock symbol) provides support. Observed daily closing prices of SBHGF, SPX, and XRP from September 17 to December 14 was used in the calculations. The intermarket relationship of XRP and the S&P displayed a Pearson coefficient of 0.509245 along with a Spearman coefficient of 0.600470. Suggesting a moderate positive correlation between assets. In respect to XRP’s relationship with SBHGF, the Pearson coefficient during this period was 0.712559 with a Spearman coefficient of 0.706631. A strong, positively correlated relationship between the assets. In comparison to the correlation’s strength in 2017, the S&P and XRP’s relationship weakened but XRP’s tracking of SBI’s stock reinforced the notion that crypto was still being affected by equities. But regardless of the amount of market participants, capital, or volumes traded, money from the traditional markets entered and withdrew themselves for the second time. Final Thoughts: • An explanation on why the calculated Pearson coefficient weakened the second time around could be that the sample size of the data taken is much smaller in comparison to the original calculation. The crypto market was also a lot more regulated than what it used to be. Possibly dissuading previous participants from the traditional markets on entering again. • There appears to be a pattern in which whenever equities reach a localized high, the crypto market potentially receives an influx of capital from the traditional markets that causes a rise in valuations. Present Day Understanding and observing ONE of the main historical influences on cryptocurrencies can help us interpret the movement’s of today. The economic and financial environment also provides valuable context in interpreting current movements. Back in 2017, cryptocurrencies were the new fad where money was to be made. Currently there is a similar movement going on in the traditional markets that involve IPOs. Displaying a similar bullish or even FOMO (Fear Of Missing Out) sentiment crypto witnessed by the general market. These past few months have also seen very familiar movements in the markets. In the month of July, there was a broad rally across on all different types of assets. Whether it was the more commonly traded stocks or the defensive assets such as bonds, much of the market rose synchronized. Even speculative assets such as crypto, which are last to receive capital due to their risk, witnessed a rise in prices. Both BTC and ETH broke out of their downward month-long trends to post new relative highs. With XRP seeing movement as well but not to the degree of the other digital assets. And as equities began to top out again, corrections throughout the markets began to ensue. Currently it appears that what traders witnessed last October and even further back, January 2017, in the markets has occurred again. The third time in which cryptocurrencies and equities have topped and corrected in tandem. Yet past performance is not indicative of future performance or movements. And while I personally believe that this relationship will change in the future, observing and considering historical trends helps us put the cryptocurrency market’s recent movements into perspective. Time will tell.
  9. 11 points
    Molten

    Charting the course of XRP

    Just got back... more to come later but just wanted to post a few quick thoughts. First, we are 2 for 2 with symmetrical triangles. If you recall we predicted a +/- $0.02 breakout that was supposed to hit this morning and we hit this perfectly, timing and all. We broke from $0.26 to $0.28 and we now stand above $0.28. We hopefully have reclaimed the $0.28 support and this is very good news; we have a floor again, at least for now. We were treading in some treacherous waters there for a minute. I expect that if push above $0.30, we could be in for a nice rally, as I think this will start a short squeeze. All of those shorts are probably sweating right now. If you're going to short, do it after a parabolic run, not after a big price drop. Here is the symmetrical triangle that we ascended out of right on schedule:
  10. 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
  11. 10 points
    Montoya

    Trim the fat

    How exactly would this benefit XRP holders? Wouldn't the easiest way for Ripple to "grow its revenue" be to sell XRP? Isn't it doing that right now? I can see how revenue growth would benefit stock holders, but last I checked, owning XRP doesn't get you any shares. I assume you mean "grow its revenue through selling products not XRP". But here is the thing, perhaps growing revenue in such a manner requires the sale of XRP. This is information to which we are not privy, and why there is a certain amount of gambling involved when buying an asset such as this. We are hoping that Ripple is getting it right, and trying to grow the value of XRP. But it is entirely possible they could be flubbing it badly. One thing that reassures me is that the incentives are aligned correctly. Ripple has a distinct incentive to increase the value of XRP. So, it is likely they would try to do so in the long run. So then we must assume, if Ripple is flubbing it, it would likely be due to incompetence rather than greedily dumping XRP, sacrificing massive future profits for smaller short term gains. Finally, since we are not privy to the internal processes of Ripple, it is impossible for us to know one way or another if Ripple is flubbing it or not. We simply cannot know that because we do not have access to all the info. So then my question is, given our certain absence of knowledge about the full situation, which is more likely: Ripple is flubbing it? Or we simply don't know all the variables as well as we think we do?
  12. 10 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.
  13. 10 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
  14. 9 points
    iLeeT

    The Big Deal

    How so? Give it time, you don't really think Coil will just print out their 1B XRP address and hang it on the wall, right? It's an additional supply that will inevitable have an impact on the market. It's kinda ridiculous that Wietse, probably the biggest XRPL contributor that is a non-Ripple employee, gets 100k while Coil, a platform with a dodgy business model and barely any users, gets $250M. Given the recent news of Ripple reducing programmatic sales I'd expect some of Coil XRP sale earnings to flow back into Ripple.
  15. 9 points
    Maybe by the time futures come to fruition some of the forum members may have grown pubes.
  16. 8 points
    I’m going to pass on answering your first post question...but I do like your post! The climb up to $7B in assets under custody makes for a nice visual indicator of the market over time.
  17. 8 points
    It's called international trade. People buy raw materials or other and make stuff, then they sell it. In this example, a S.American firm imports goods from the USA (paying in dollars), sells final product in local market (for pesos/mxn/other), then they have lots of local currency and bills to pay in the USA. They can use Santander's new service to trade their local currency for dollars. Then the process repeats. They constantly get new local currency because they run a business that operates continuously. They don't sell stuff once, then just stop. They do it day after day after day and currently they have to use the forex markets and interbank exchanges to convert their local currency back to dollars to pay the bills for their imports. What Santander are doing is effectively bypassing the (traditional) forex market by allowing a market maker / forex trader to rebalance the xRapid Corridor that is being used for remittance and is one sided (all the money is coming from USA to S.America). In my previous post I said that the business would buy and trade xrp directly, but actually, I didn't read properly the santander press release and it is really the market makers opening up a corridor to allow traders to exchange currency using the corridor that they are doing the rebalancing on. So I can buy XRP for peso and sell it for dollars, then offer a dollar/peso exchange to all the traders in S.America with bills to pay in US dollars. The answer to your question 'Where does this “someone” get more pesos?' - is simple, from all the traders in S.America who need to pay bills in US dollars and can get a better price from this new Sandander service compared to their usual bank exchange rate. At some point, people will start to realize what is going on here (and I hope I can convince one stubborn valhalla_guy that this is a good thing). The financial plumbing of cross border transactions is being reimplemented with an ILP enabled system that enables xRapid corridors to compete with traditional forex on the backend (using the returning money flow). If and when this traffic picks up and spreads to more corridors then we will see a significant shift in the way things are done. The only question that needs to be answered is ... Can an ILP/xRapid corridor undercut the spreads offered by traditional forex markets? If the answer to this is yes, then it is inevitable that xRapid will gradually take over and dominate the markets, if it is no, then it is inevitable that it will fail. The answer is not clearcut to me because the traditional forex traders will all jump on the ILP bandwagon and put their bid/ask offers up for grabs. I'm betting on "yes" in the long term though, and clearly ripple and friends are too.
  18. 7 points
    Eric123

    Epic Pennant on BTC Chart

    @Viggo I agree it would be catastrophic - but I don't think that's gonna happen. There is too many positive things happening. I think we are gonna be at $13k + soon and I doubt we ever see sub .22 on XRP again. @CryptoBoiler General Public Interest increases with price. Once Bitcoin retakes it's ATH which I put around the end of November interest should reawaken with the general public. Institutions are much more important than the General Public. Coinbase's CEO stated that he's seeing new institutional deposits into crypto of $200M to $400M per week. https://www.cryptoglobe.com/latest/2019/08/coinbase-ceo-seeing-200-400m-a-week-in-new-crypto-deposits-from-institutions/ I doubt XRP enters 2020 sub .50.
  19. 7 points
    Julian_Williams

    The Big Deal

    Yes Coil is game changing. Coil is about Live Streaming Payments. Instead of money arriving in lumps it becomes like a liquid flowing out of a hose. The money is not only liquid, it is also arriving at different velocities like petrol going into a carburettor when you put your foot on an accelerator. With this sort of money you can build very different technology. Spending money or providing services for money becomes more akin to driving. The power intensifies when you put your foot down and inject more money into the system, the engine runs slower when the power supply slows down. Now how does technology use this new sort of money? I tell you a lot of the utility for this sort of money is transformative across huge swathes of business. Most of it is beyond your wildest imaginings. For instance you take a train and find the carriages are full so you sit for the first few hours in a first class carriage, then the train empties and you move to the second class carriages. The cost of the trip is deducted according to where you were sitting in the train. Then the train gets delayed and the train company starts refunding you for your inconvenience. So money and lifestyle and your means come become intermingled. Living within your means becomes more intuitive. This technology will be everywhere.
  20. 7 points
    MegaNerd

    The Big Deal

    Im all in XRP and believe it will succeed, but i've been in many investments where there is always someone who writes up articles explaining why 'said investment' is such a win, only for the investment to ultimately fail. It will be interesting to see what happens with our XRP investment over the next several years and whether or not all of these articles are actually substantiated or end up being all for nothing.
  21. 7 points
  22. 7 points
    Tinyaccount

    Trim the fat

    See this kind of biased and antagonistic bs is why your whole thesis is undermined. There’s only two possibilities: If you really think that Ripple does not have a use case then your analytical skills are somewhat suspect. If, on the other hand, you do realise that yes, they do have a very valid use case, and yet you say stuff like the above... then it’s clear that you are a biased and antagonistic poster with an anti-Ripple agenda. There are no other options.
  23. 7 points
    Benchmark

    Trim the fat

    Nope. Ripple operations are funded by sales of xCurrent, xRapid and such. You don't like it you can buy BTC. It's going to $200,000 according to all expert people on Twitter and YouTube.
  24. 6 points
    Trentsteel

    XRP catechism

    Disbeliever, burn him 😬
  25. 6 points
    You mean to tell me that Corda is just another SBI, Bakt, CNY, Wallstreet Bonus?!!!!! Tell me it ain't so! I'm SHOCKED!
  26. 6 points
    Seoulite

    The Big Deal

    This is right. However the customers will want the pay-per-second option, and it only takes a decent competitor to offer that and began to seriously take over the market. I mean the ads write themselves: FADE IN. Young woman asleep in bed in her studio apartment. Above her head is a graphic showing her bank balance slowly draining as seconds go by. Title: You can't watch TV while you sleep, but you're still paying for it. Title: Coil TV Streaming. Pay when you watch. Don't when you don't. OK it's lame but it took me all of 30 seconds to think up. It would very compelling for people looking to pinch the pennies. Of course getting licences from big networks would be the biggest challenge, but not impossible.
  27. 6 points
    BiffTannen

    Cleared to launch - Bakkt

    I can’t believe bakt is still being talked about in a positive light. I’d be SHOCKED if it resulted in anything other than a negative impact on the price. Just another CNY, Wall Street bonus, coinbase, and every other event. For gods sake MG resulted in a whopping 5% that reversed a day later. XRP community is becoming a desperate circle jerk cult in constant confirmation bias. I want XRP to succeed as much as anybody but Jesus Christ wake up. Nothing that has been circle jerked on in the last TWO YEARS has helped the price. XRP will rise when the rest of the Alts rise. That’s IT for the time being and the near future at least.
  28. 6 points
    Montoya

    Trim the fat

    Agenda or not, I think there is value in debate. He seems to be offering substantive critiques anyway, even if I do disagree with them. No need to chase off people who simply hold a contrary view.
  29. 6 points
    From what I understand, because the previous futures contracts didn't physically settle in BTC, they were simply cash bets on an average price of BTC on various crypto-exchanges, with all the fake volume, lack of market depth, and shenanigans that went along with it. BAKKT will avoid this by physically settling internally and thus determining the correct price, irrespective of any exchanges. In other words they will become the unofficial price setter. This is the legitimate price finding mechanism crypto has been starving for and will help to moderate price fluctuations.
  30. 6 points
    Lawsuit

    Trim the fat

    Hmm. I guess that's one way of looking at it. My view is that when building an ecosystem, you can't really wait for one pillar to be complete before moving on to the next. Software development is iterative, as is scaling a business / product / ecosystem. If you wait for a product to be complete / 100% adopted before moving on to the next pillar, you'll never get on to the next pillar. It's like waiting for your product to be 100% complete before hiring a sales team to sell it - you'll never get your product off the ground if you wait for that.
  31. 6 points
    crypto_deus

    Ripple- Stop the dumping

    1) I thought that there's a difference between a "giveaway" and "BUIDLing the IoV". Guess not, if I read your comment. To put things into perspective. Xpring kicked-off just over 1 year ago, XRapid kicked-off just under 1 year ago. Current XRP price doesn't matter. Things will change for better. It will happen faster than you think. Please read these 2 articles and I do mean read it instead of just superficially glance at the headlines. It says what's been done ($500M so far over 20+ companies and what the goal is + info on how the 1B XRP deal with Coil will be implemented gradually) https://medium.com/xpring/partnering-with-coil-1154a156cb07 https://medium.com/xpring/building-the-internet-of-value-one-year-later-b969f37dcb88 TL;DR Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models. Growing rapidly to continue to partner with and invest in great teams in the cryptocurrency and blockchain space. Xpring will continue to focus on three key areas: XRP Ledger — Providing tools to developers that are building on the core ledger, including exchanges, wallets, custody providers and payment processors. Interoperability — We believe a tech stack for crypto that is broadly interoperable across chains and layers will deliver the best experience for both developers and end users. We support the Interledger Protocol as a standard for transacting across systems, and are interested in other infrastructures that allow for cross-chain interaction. Decentralized Finance — Investing in new decentralized financial projects with crypto as their primary building block including debt, derivatives, stablecoins and other synthetic assets. Simply put, we want to work with developers and entrepreneurs who are building towards a shared vision to reshape the world’s financial systems and enable the Internet of Value. We started with a team of two... We’re aggressively growing a full stack team including engineering, product, marketing and developer relations to back projects that solve customer problems in a transformative way. Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models. 2) Speak for yourself, I'm none of those "XRP HODLers". Be careful not to confuse fiction from some random guy on the net. The "crytpo news" websites that qutoe random people from twitter-sphere should be ignored. But hey if you believe that then believe for sure that five ate nine. 3) So what and in the end team XRP wins because based on SEC's rules it cannot be a security. Also, the world is so much bigger than US. Just saying.
  32. 6 points
    Dude, calm down. By pre-bull run I mean the same level as we were before the last bull run in 2017/2018. Wow, I didn't realise how controversial this post would be. Been away from here for a while. Sentiment must really be in the toilet if there is so much toxicity on the forum.
  33. 5 points
    From Chinese media,this is their XRP address:rNfRpqwq27b2xCBSNf7BzuZrmmbkc5bZr2 Source: https://zhuanlan.zhihu.com/p/71517398 For more info about PlusToken: http://blog.sina.com.cn/u/3967370104
  34. 5 points
    https://todaysgazette.com/indian-digital-asset-exchange-includes-xrp-bypassing-rbi-restrictions/
  35. 5 points
    karlos

    Charting the course of XRP

    It's not a phishing attack. Basically some guy in Hungary tries to log in to a random users account, but gets the password wrong 5 times. That locks the Hungarian IP address from trying again and sends an email to the user. You can ignore the message, its more of a nuisance. But please ensure you use a strong password and don't re-use a password from any other site.
  36. 5 points
    Molten

    Charting the course of XRP

    Short interest is fading but still way above "normal" for the past year. We still have room to make a mini-rally if the price can push up and force the short squeeze.
  37. 5 points
    A good thing from physically having to settle in BTC is the fact that the network could break down due to usage causing people to actually look at functionality.
  38. 5 points
    Karl

    XRP to $20, different perspective

    The whole market is slowly vanishing of its despair mood. Fundamentals were never that strong like they are right now. So I am quite optimistic about XRP's future. The only thing that really frustrates me is that the nosy people around me have now the same chances and prices like I had in 2017.
  39. 5 points
    Source : https://news.u.today/news/trading-legend-peter-brandt-suggests-that-ripples-xrp-price-could-drop-to-002
  40. 5 points
    Plenty of experienced traders have been rekt by crypto and TA has been proven wrong time and time again. While I appreciate these exercises, PB has a long history of anti-XRP rhetoric, and it is very clearly on display in this post (and nearly every other one he's ever made). I stand by my last statement regarding the entire market as well, which is something PB doesn't seem to acknowledge - where do you think BTC or ETH will be if XRP drops to $0.02? You think XRP, the #3 DA, with actual utility and a fresh MGI partnership, will lose 80%+ of its current value and the rest of the market will just sit still? Could we drop to $0.02? Sure. But IF we drop like PB is saying we "could" (he didn't say we will, which means he can claim he was right pretty much under any circumstance), then the rest of the market is dropping with us. If PB's opinion really matters to you, then you should take everything you have out of the market and park it in FIAT until the smoke clears.
  41. 5 points
    At least it's lower than ripple
  42. 4 points
    Julian_Williams

    The Big Deal

    yes exactly right - that is why Stefan is the ideal person to steer this through. His method, as demonstrated during his years at Ripple, is to build software that has a lot of plasticity so that they do not get trapped in a hole of their own making. I do not take this first iteration of usage seriously. It is a proof of concept stuff. Get this working and then invite the elephants into the room for the party.
  43. 4 points
    ripplenet

    Cleared to launch - Bakkt

    we could hit ath very fast, this is unknown territorry but for the first time ever huge insititatuons can finally hedge on a regulated platform
  44. 4 points
    It’s almost as if they’re an old hat at it...
  45. 4 points
    Julian_Williams

    TestNet

    This subject scares me stiff. Like Mistatree I freeze and fail to engage properly with wallets. I bought everything on etoro, which is simple and at last with the help of a computer engineer I transferred some XRP to a nano. This is the limit of my expertise. To make a payment or use XRP I would need someone to hold my hand. Saying that test net looks like a really useful concept. I would like to use it with someone by my side who has confidence and could guide me through the jargon etc. In such circumstances I think this site would really help me gain confidence to use my wallet(s). Great blog post, as always.
  46. 4 points
    Molten

    Charting the course of XRP

    Incidentally, I will be away for a few days so no charts from me during that time. Good luck to us all, hopefully I don't return home to a crypto-massacre
  47. 4 points
    crypto_deus

    TestNet

    Don't forget the cool tool (by Wietse) for multi-sign :
  48. 4 points
    I apologise that I'm not able to perfectly articulate myself in my third language. I'm in awe of your superrioir intellect. Go and get laid or something.
  49. 4 points
    Spekul8

    Ripple- Stop the dumping

    I am cracking up. XRP entire operation is financed from selling XRP and people want them to stop it. LOL+LMAO= I fallen and I cant get up. If you can't suffer seeing the price go down, stop the bleeding and cut your losses short. If you dont' blame ONLY yourself you held it to levels you did not consider. lower prices bring lower prices.
  50. 4 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.
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