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Showing content with the highest reputation since 05/19/2019 in all areas

  1. 56 points
    Dear XRPChat, I had planned on making another prediction of Q1 sales before the quarterly report came out, but unfortunately, my day job has been keeping me very busy so I didn't have the time needed to attend to it - and I had problems with my analysis that I didn't understand and that I hope I have rectified now. In my previous posts Analysis of Ripple's XRP sales and 2018 Q4 analysis, I summed payments from wallets to XRP-II to see what the quarterly payments were, and to total them up to see if they matched the sales figures announced by ripple. I had expected to do the same for Q1 2019, but the numbers looked wrong, my correlations were not consistent and the sales figures as a % of coinmarketcap volume didn't look right. I have extensively rewritten (and improved) my software and now have new findings that I feel confident enough about to share them. First, lets remind ourself of daily sales by ripple - in previous threads I found a strong correlation between yesterday's trading volume on coinmarketcap and today's sales (transfers) to the XRP-II distribution wallet. I identified 4 wallets that appeared to sum to about the right amount to explain the sales figures in the quarterly reports. Those wallets were referred to as RP1, RP2, RP3 and RP9. I refer the interested reader to the links above to find further details. If we plot the daily payments from those 4 wallets into the XRP-II wallet (XRP-II being the legal entity licensed to sell XRP to exchanges and customers and is presumably responsible for the programmatic daily sales as well as any number of other sales that we know little about). Here's what the sales look like from April 2018 until today, Note the line plot (linear, left y axis) is the sum of all the individual payments represented by dots that are logarithmically plotted (right axis). I found a strong correlation between the sum of payments and the coinmarketcap exchange volume, scaled by a factor that was around the 3% mark. I was intrigued by the drop in sales around mid Sept 2018 that preceeded a large jump in price and volume a week later. My hypothesis was that the drop in sales might be responsible for part of the rise in price (supply/demand). The sales pattern continued, largely unchanged until this year, though there are many wallets that transfer into XRP-II and they change over time, so it is difficult to be certain as to the true nature/volume or reason for the sales taking place. Please be aware that the graph above shows payments INTO the XRP-II wallet, and not out - this is because there are many more payments out and I was trying to identify that portion of sales that represents the daily programmatic sales. For the reasons I've just mentioned, it's too hard to be certain of any motives for individual wallet payments, so instead, I shall focus on payments OUT of XRP-II. Let's have a look at another plot, this time I plot all transfers OUT of XRP-II going into exchange accounts. I am grateful for the google sheet provided by @Silkjaer for a list of wallets that I have used for my assumptions of exchange addresses. You can immediately see that the payments to exchanges is very numerous. The summed total is shown by the solid line and the axes are consistent with the first plot. The totals also follow the same pattern as the sales into XRP-II from the subset of wallets, but is much higher as we are now including other payments from other wallets that are passed through and then go on to exchanges. Let's now show a more interesting graph - this has plots of the total exchange volume from coinmarketcap in green, I have normalized the plot to have the same area under it as the summed total of payments into XRP-II with a time shift of 1 day to show the correlation of the two graphs. The lighter blue line is the RP1,2,3,9 payments into XRP-II and the darker blue line is the summed payments out to exchanges. You should hopefully be able to see that the correlation between XRP-II payments and exchange volume is very strong, however, the correlation starts to break down in Q1 2019 and deteriorates further in Q2 2019 - the reason why my earlier correlation plots failed to give (to me) satisfying results. I have highlighted 3 regions on this plot. The first is in Sept 2018 (grey bar) when the sales from XRP-II virtually stopped. I speculated at the time that the xrp price (shown in the above plot as the black solid line) dropped to a low value for the year and probably ripple wanted to support the price by holding off sales temporarily. If that was the plan, then it worked very well as there was a massive jump at the end of Sept that still defies any reasonable explanation. So many news announcements are constantly being made about partnerships with ripple and events taking place that it is hard to know what might have triggered the rise. The second (grey bar) highlighted region in the plot is in May of this year - the difference between the green (coinmarketcap) and blue lines become very clear. Ripple shut down sales significantly again this month, and we have seen the price rise from ~30c to ~40c. I begin to wonder if my earlier hypothesis might have been correct, but sadly, two events is not enough for a 5 sigma announcement! What else is interesting in the plot? - the red shaded rectangle represents a point where the price of bitcoin was pumping hard, the exchange volume for all coins soared, but the price of XRP did not move very much. Why is that - we can see that the two blue lines rise well above the green one as ripple increased sales significantly - I speculate that they did not wish to see the price shoot up as we saw in Dec 2017, only to fall down again after the pump/dump/fomo/madness was over. Another interesting piece of data is revealed in the plot - the red crosses are payments from exchange accounts BACK to XRP-II - this hardly ever happened in 2018, except for a few scattered points in the year and a cluster of them around Sept 2018 when the sales halted. It is my second hypothesis that ripple have changed strategy during Q1. Prior to this, we see an almost constant sale of XRP proportional to exchange volume, during Q1, particularly after Feb 2019, the sales deviate from a simple pattern and we see returns from exchanges back to XRP-II. It would appear that their algorithm is smarter now and is trying to adapt better to market fluctuations rather than just continuously sell every day. Do we have any way of corroborating this? well, I'm glad you asked. Here's another graph, this time I take a sliding window of 10 days worth of data from XRP-II sales, and the same 10 day window of data from coinmarketcap exchange volume and correlate them, normalize them and plot the scaling coefficient. This gives us the XRP-II sales as a % fraction of the coinmarketcap volume in a running plot and we can see the fluctuation in sales as time progresses. The solid line shows the closing price of XRP, the two dotted lines are the running scale coefficients of the daily % of sales from XRP-II - the red is RP1,2,3,9 the green is ALL payments from exchanges (subtracting the return payments shown by the red crosses in the plot above). Now we can see quite clearly the event in Sept 2018 and the massive drop in may 2019. what is now apparent is Feb-May 2019 there was a large increase in sales as a % of daily volume. Throughout 2018, the red line holds reasonably closely to 0.15% of daily sales, which is fairly consistent with the figures quoted in the ripple quarterly reports. In Q1, things start deviating, and Q2 is all over the place. The drops in Sep 2018 and May 2019 are both followed by XRP price rallies. I added a dottet line at 0.05% of sales just to show how low the sales have dipped. What do I conclude from this... Ripple have changed their selling strategy to better adapt to market conditions and during March/April they increased quite significantly the sales, presumably to smooth out market pump/dump peaks and troughs. Financial institutions do not want like price fluctuations as it increases their cost of holdings - something we should all be grateful for as we want banks to buy in, not run away. Price fluctuations can also increase lay-off costs for market makers which also negatively impacts the market. (We're in this for the long play after all). There has been a slight decoupling over the last month or two with BTC as sales from XRP-II have been historically speaking very high. The large volumes we've seen did not move the price as much as one would have expected. Now would be a great time to pump XRP if whales are reading this! with XRP-II sales very low, it will be easier to move the market. Please go ahead and do this if you can. I'd like to see how high you can push XRP EDIT: I forgot to add one point - why do I think that sales have dropped in recent days? My suspicion (pure speculation) is that with the bear market seemingly coming to an end, Ripple feel safer in allowing the price to rise slightly to accommodate the new corridors they are adding. Disclaimers. All the data has been collected here by a random amateur on the internet. I do not even know for sure if the wallets I examine belong to XRP-II. I do not know for sure if the exchange address I use are correct. All the data in this article could be wrong. I might have even made it up just for giggles (I didn't but how do you know? Do you trust me?) This is not investment advice. But IMHO price rises are more likely when XRP-II sales are low.
  2. 54 points
    TiffanyHayden

    Tiffany Hayden

    I think it's strange how much people care about this. After carrying kids around on my right hip for so long, I am used to using my left hand for things. Since I don't actually have a camera crew that follows me around, that's how left-handed pictures turn out. I don't like posting pictures of myself nearly as much as people like to chide me for. I don't like it all. I hate it. Try and find a picture of me in my 20's or even in my early 30's. Do you think any woman thinks "Now that I'm 41, it feels like a good time to start taking pictures of myself to share online in a predominantly (young) male industry, filled with vitriol, that scrutinizes every breath I take, and actively hates me?" No. I do it DESPITE that. Contrary to what dude's with middle-aged, single mom fetishes may think, I post pictures for the women. Like attracts like. I want to be visibly present and this is the best that I can do. People who like to talk about all of the attention I crave are never able to explain why, then, have I turned down every single interview request over the years? I push myself to be as personable as I can be because I want to be understood and I want to be visible to the other "regular people" in the world. Agreed. I was embarrassed at some of the comments and behavior coming from XRP supporters. It would be analogous to one flavor of Bitcoin making fun of another flavor of Bitcoin because their mempool was full. Same thing could happen to you, dude. Even more importantly, those people failed to recognize that the Stellar network SUCCEEDED, as designed, and stopped forward progress until it was safe. That was a victory for anyone championing Consensus over PoW. Thank you for this. Up until recently, I have never *only* liked XRP. One of the main features of the XRPL that originally attracted me to it is that it's currency agnostic. I am uncomfortably open about things so people don't have to speculate. I try really hard to do the right thing, knowing full well that not only are strangers online watching closely and judging, but my 2 kids as well. They are teenagers now and I have to atone for all that I do. They read every word written about me. I am sad at the way Bitcoin turned out. I didn't get involved in crypto to make a financial investment. I have always been poor. When the financial/housing crisis hit, I had a baby and a toddler and I felt terrified and helpless. The houses on every side of me went into foreclosure. They stayed empty for a long time. When somebody bought the house next door, they bought it for $12,000. When learned about Bitcoin, I latched on like it was a life raft. This is the Bitcoin that I was out evangelizing for: The entire article is good but it turned out to be ********. I was hopeful when Bitcoin forked that there was a chance to salvage it, but then Craig Wright showed up and there was just more infighting than I have the energy and capacity for, mostly because being an XRP supporter has been so damn taxing as well. And it's gotten worse lately. Nonstop **** like this. I don't know why, but as crypto enthusiasts poor into this space and grow in their knowledge, thoughts and reasoning, new XRP supporters have taken a different route, embracing ignorance and deciding to hunt cartoon bears and create conspiracies instead. Jed reached out to me, in a sincere way, because he felt misjudged by me and wanted a chance to be heard. I have no reason to hate him and everything he touches into eternity. Life is short and I don't enjoy fighting with people or holding onto hate. The second news broke about Steller and IBM, everybody was trying to make it sound like a loss for Ripple/XRP. Good news for Stellar doesn't mean bad news for Ripple and vice versa. I'm not willing to spend one second getting into an XLM/XRP ******* match. And I don't want to participate in the cheering that goes on whenever another project stumbles. I learn by doing and I'm here to learn. Because, for the most part, if one of you gets screwed over, nobody will care. I have a small platform and try to use it to amplify the voices that don''t get heard. I disagree. Neither my opinion of Ripple nor XRP has changed. It's because I am secure and feel confident in XRP that I don't feel the need to hate everything that isn't XRP. There are lots of cool projects popping up everyday. I think it's exciting and I definitely want to be a part of it. I don't view crypto as a spectator sport.
  3. 31 points
    whiteout

    Tiffany Hayden

    I think it’s strange how all her selfies are from the same side
  4. 26 points
    Some new members here and with the most recent price action I'm sure everyone is on edge so I wanted to recap the goal of Ripple and how they're focused on their product suite. Ultimately, everyone wants large US banks to get onto the system and they may eventually but that's not what Ripple cares about currently. Their attack is 3-fold: 1. Develop their product suite and the XRPL to be unparalleled in execution: They do this with a focus on more interoperabilty between their different product lines (xVia, xCurrent, xRapid). See xCurrent 4.0. Also, they're focused on improving the XRPL through the development of Cobalt, an upgrade that moves the transaction times from 3-4 seconds to less than 1 second, significantly improving on-chain TPS. 2. Grow liquidity through partnership with exchanges in unique corridors: Everyone wants to see the major fiat pairings of the world receive significant xRapid volume (USD, EUR, RMB, etc..) but in reality Ripple's goal is to attack areas that have significantly less liquidity than the major pairs. This is why you see such partnerships with the Middle Eastern and Eastern Asian countries currently. They have more favorable regulations and have some of the largest pain points when it comes to fiat liquidity. This allows the removal of correspondent banking as we know it which will drastically change the economic landscape of these countries. The larger pairs will come at the end. 3. Develop the XRPL Ecosystem: With the creation of Coil, xPring and the partnership with R3, Ripple is positioning the XRP Ledger to facilitate a myriad of use cases while they can maintain a laser focus on point 1. Let other business leaders focus on growing new use cases and products while Ripple continues to work on their cross border remittance software. All of these will pay huge dividends down the road as competition increases in this space and other companies begin to catch up to the product development that Ripple already has in production (Hyperledger being the most obvious competitor right now). Ripple has the luxury of a 5ish year head start on their competition and I believe that this lead will allow them to expand their partnerships to the point that other competitors will work to find a way to integrate into their systems using the XRPL instead of directly competing. See the current SWIFT model; companies don't try to compete with SWIFT, they try to develop solutions around this product to help the endpoints. This is what I expect to see within the cross border space as well. In saying all of this, I expect this to be a 5-10 year play on Ripple's expansion into this space as regulations pave the way for this new asset class to facilitate a true change in global economics. ZOOM OUT.
  5. 22 points
    Hodor

    XRP News Update: May 19th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-5-19-2019/ The XRP news cycle is accelerating! I break down all the news affecting XRP in my latest blog: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple advertises a new open position titled 'Xpring Community Advocate'; David Schwartz presents at Consensus; Brad Garlinghouse talks to dozens of central bankers; Finablr announces a new Ripple-based payment service with Siam Commercial Bank; 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava publishes an idea for an XRP-backed USD stablecoin called USDX. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: RabbitKickClub publishes a guide for those that want to run an XRP validator; Uphold announces a complete elimination of all withdrawal fees for XRP holders; David Schwartz comments about Cobalt; BlueHelix exchange adds an XRP-USDT pairing; and Bitkeep exchange adds both an XRP-USDT and an XRP-BTC pairing; 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/CoilCommunityalternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  6. 21 points
    nikb

    Tiffany Hayden

    Your whole post is just a thinly veiled attempt to insinuate (though I’m not sure to what end) and it sickens me. What does Tiffany’s or my personal life have any bearing or relevance? Why should my employment status have any kind of impact on Tiffany and her ability to operate a server or limit the things she can experiment with, like and/or support? And as for David’s comments, I share his point of view and I see nothing strange about them.
  7. 19 points
    Indeed... I heard his next movie is coming out this summer which is based on actual events we experienced during the crypto winter... "Dude, Where's my Lambo?"
  8. 19 points
    For more details click the link. 264 organizations (that we know of) linked to Ripple. https://www.xrparcade.com/rippleecosystem/
  9. 18 points
    Money shot right here: “We’re also seeing increased demand for instant payments and are looking forward to using the digital asset XRP to source on-demand liquidity during transactions on RippleNet.” https://ripple.com/insights/adding-value-to-cross-border-payments-is-why-moneynetint-runs-on-ripple/
  10. 18 points
    automatic

    Epic Pennant on BTC Chart

    Lemme get this straight - you guys decided to specifically go to XRP Trading and Price Speculation club, find a popular topic about a TA pattern (pennant) on BTC chart, and then post in that very thread that you think TA is BS? Well, hell - you might as well have gone to a BBQ steakhouse and tried to educate everyone there about merits of being a vegetarian. Thank you for your opinion, but I think that you might be in the wrong place. Salad bar is across the street and it is called the General forum.
  11. 18 points
    Dilip Rao is going to attend the International Conference on Fintech, organized by the World Bank, on may 22-23 in Vienna, Austria. The BIS will be in Vienna at the same time if we check the FSI's 2019 programme, see below Dilip's tweet. Do you remember what Dilip Rao said during the last Ripple Drop about Central Banks ? I put the video below at the right time frame. BCBS: Basel Committee on Banking Supervision The members of the BCBS come from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. BSCEE: Banking Supervisors from Central and Eastern Europe The members of BSCEE come from Albania, Austria, Belarus, Federation of Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Ukraine. https://www.bis.org/fsi/fsi2019overview.pdf http://www.worldbank.org/en/events/2019/05/22/international-conference-on-fintech
  12. 18 points
    Phintech

    Tiffany Hayden

    Let it be known that since Ripple’s execution didn’t meet @yxxyun‘s timeline for successful implementation, xRapid has failed.
  13. 18 points
    "The forum agreed unanimously that Ripple XRP will become a means of Foreign Exchange settlement instead of the US Dollar. The reason for this conclusion is based on so many factors." "Since the settlement of payment in XRP is faster than the dollar, the forum believes XRP will be used as the settlement currency in the next five years." Source: https://todaysgazette.com/ripple-xrp-will-be-used-as-fx-means-of-settlement-instead-of-us-dollar-wall-street-forum/
  14. 17 points
    Hodor

    XRP News Update: May 25th, 2019

    Blog URL: https://xrpcommunity.blog/xrp-news-update-may-25th-2019/ Time to read the latest XRP news heading into this weekend! I cover it all, including a major announcement by Kava: 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Pat Thelen elected to U.S. Faster Payments Council (FPC); and Brad Garlinghouse participates in a podcast by Kara Swisher. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Stefan Thomas participates in an AWS Loft panel discussion; and an AMA is planned with Stefan Thomas at the end of this month. 𝐊𝐚𝐯𝐚 𝐍𝐞𝐰𝐬: Kava announces their new service, 'Switch.' 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRP Arcade adds an infographics page; and PayWithXRP publishes a self-identifying list of businesses that accept 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
  15. 15 points
    https://www.xrparcade.com/news/brazilian-frente-corretora-de-cambio-launches-simple-a-platform-developed-in-partnership-with-ripple/
  16. 15 points
    more of an opportunist that uses click bait he does deliver decent news but he does not 'deserve' praise at all. you earn praise. from his patreon page: https://www.patreon.com/alexandercobb $89.99? for what? he clearly must state somewhere any and everything he says is not investment advice, so what could he possibly offer for $90 that you cant find online or in here on XRPchat.com for free? XRPchat consists of computer programmers, investors, doctors, lawyers, laymen and woman, engineers.. together as a XRP community im pretty sure there is no information here that someone cant get for free. its good to see someone enterprise, and yes, his channel does indeed make XRP easier to find for those looking on youtube, but i cant get over him charging people $90 for a phone call and $5 for discord. the investor community as a whole is filled with vulnerable people willing to pay money to anyone claiming they can 'help' them. whats his refund policy if he doesnt answer the question properly? do you pay first only if satisfied? dont get caught up in his luscious blonde locks and baby face. once you start charging people for a service, it gets real, laws comes into play, and you can seriously affect someone. i digress. as a person he is probably very nice and friendly. im not questioning that. maybe ill pay the $90 just to see what kind of phone call is actually worth almost one hundred dollars
  17. 14 points
    LeonidasH

    XRP Fiat pairs

    XRP is paired to 47 fiat currencies, with a total of 320 markets across 194 exchanges (that we know of). Finally managed to update the XRParcade fiat pairs page. If you want to view the exchanges for every fiat currency, click on the button. https://www.xrparcade.com/xrpfiatpairs/ PS: XRP - Total pairs (both xrp to fiat and xrp to crypto) 1003 markets across 321 exchanges
  18. 13 points
    Hodor

    Riley Q

    Blog URL: https://coil.com/p/Hodor/Riley-Q/ACFzzflGA Ready for smooth, rich music? Click the link to read about Riley Q, the first musician on Coil! 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
  19. 13 points
    BluKoo

    Some near future price speculation.

    I may be way behind some of you, and repeating old ideas, but whilst trying to guess where this chart was heading next, I thought I'd take a look to see what happened in May 2017. From what I can see, 2019 would appear to be plotting a pattern similar to 2017. Matching the size and scale of the peak from the past and present, I can offer up this graphical hypothesis. If; speed = distance / time, maybe, future = past / present XRP loves to follow patterns, so I actually think this "artists impression" (not technical analysis or investment advice) could end up being quite close to the money. Obviously it's not going to match it candle for candle, but I do predict the following; Saturday 18th - Sunday 19th = Around $0.43 Monday 27th = We revisit the $0.47 resistance and break through. Friday 31st - Saturday 1st = Around $0.76 matching Septembers peak and resistance line. I'm intrigued to see how this plays out...
  20. 13 points
    karlos

    Tiffany Hayden

    A reminder to keep the conversation in this thread respectful.
  21. 13 points
  22. 12 points
    Largest Bank of Thailand Hints at Using XRP https://www.investinblockchain.com/largest-bank-of-thailand-hints-at-using-xrp/
  23. 12 points
    Eric123

    Epic Pennant on BTC Chart

    @Finesse @robertbruce @LiquidGoat @captainjack @Trentsteel @Caracappa @automatic @Yodaxrp @eoma I Agree with everyone. Look it is obvious that TA has it's limitations as I have written before. XRP almost completely defies TA, as it's price lays dormant for periods of time then seeming runs out of nowhere. Predicting XRP price timing with TA seems to me to be nearly impossible. Also the fact that the entire crypto market is basically dominated by Bitcoin also further complicates price movements of alts. That being said, certain price patterns have emerged regarding bitcoin that are foolish to ignore. Charting these movements can provide the astute trader with possible good entry and exit points. Obviously we have seen that exact point work in this thread and if you used my TA to pick your bitcoin entry or followed my advice on buying LTC you have already made a stellar (pun intended) return. If you haven't or didn't, don't worry you still have a chance with XRP, I continue my daily buys. @LotusFace I use coinbase. Now I disagree with a ton of TA out there. Reading the headlines on TradingView blogs usually makes me cringe. As @eoma points out, as more stock traders enter the market, TA will become more important as it is what those guys use to set their algos, with many, if not most of their trades being performed by bots. However, crypto doesn't move like stocks or commodities- it moves like crypto, so not all of the TA rules apply. Also different TA indicators will give contradictory outlooks. Basically the things to remember. 1. TA works, kinda. 2. Buy and hold works, kinda. Remember no TA in the world would have told you to buy bitcoin when it was .01. If you research a project and believe in it, invest in it. Should you use TA to pick your entry, yeah it usually helps.
  24. 12 points
    Truckdriver

    Self Driving Cars.

    My eyesight is bad , so my car is part self drive now , you should see how I drive my truck.
  25. 12 points
    Julian_Williams

    Tiffany Hayden

    I do not think it was nessesary, but well done Tiffany for responding head on. There are too many of these threads that are basically hostile chat centred on the members of XRPchat. In recent weeks we have had: A thread with malicious overtones about DS selling some of his personal XRP as if he were involved in some sort of insider trading scam A thread attacking Alex Cobb's youtube videos A thread attacking Tiffany Alex and Tiffany post under their real names, David does not hide his identity. Do people think the people they publicaly attack have such thick skins that this behaviour is fair and accceptable? The hostile comments are mostly posted under fake names by people who are not willing to let the world intrude into their private space, but they feel comfortable to throw stones at people who are willing to be open and fight for their cause on their behalf.
  26. 12 points
    https://ripple.com/insights/launching-a-new-remittance-corridor-from-saudi-arabia-to-india/
  27. 11 points
    I recently watched the Tone Vays clip of him slamming xrp. Cryptoeri aka based crypto mum aka xrpvalkyrie absolutely put him on blast for his comments. These are the type of comments you would expect to see on r/cc. What I sometimes like about FUD is that I actually learn new things I might be unaware of. FUD rebuttals are an excellent tool for education. Rebuttals are excellent for deep dives into ripple. Most of the FUD is from maxis of other coins or 14 year olds with .0.00000001 of a bitcoin. If you choose not to look at the big picture and do you own research yet slam ripple, Its kind of your own fault and to be honest, a terrible investment strategy. Bank of england, SAAB (and that 250b sent by hsbc), Betsy Waters the head of transactions at HSBC now working for Ripple, SBI, AMEX, IMF, Moneygram, RIA money, The earthport purchase by visa, Garlinghouse at the Swiss National Bank Conference, Paypal and ripple onstage together, Swift and ripple on stage together, Those rumours about a meeting with Whitehouse officials. Ignore it if you want. Tone Vays has to know of these connections. Any investor could not simple refuse to ignore them. You may have stumbled across the resolution of the global payments problem while people still think cryptocurrency is for the cartels and the silk road. Its either going to work out or it is not. I decided Im in, swinging for the fences. I made my decision and I took the risk on xrp, to be honest......I think a lot of maxis in other coins have too. Lemonmule aka the hog
  28. 11 points
    Wow that's an impressive quote, but I'm having trouble sourcing the video. Does anybody have the link to the source video that the author is talking about? I'd like to review it on my own as well. All three comments to the article online are asking for the same thing - the source for the article, but I don't see it.
  29. 11 points
    iLeeT

    Ashton Kutcher - Where are they now??

    What do you expect Ashton Kutcher to be doing - writing code for Ripple? The guy most likely got a one-off paycheck for advertisement and that's it really.
  30. 11 points
    Eric123

    Epic Pennant on BTC Chart

    The charts are looking doing exactly what one would expect considering how the bitcoin price has behaved when the 100, 200 and 300 Day EMA's approach and cross. We should see prices increasing with periodic volatility around the interaction of these Averages. In about of Month the price will be far above these averages and they will no longer be useful so we will have to look to other indicators. Last week I had an exchange with @Warg discussing the growth patterns of bitcoin/crypto and how they will not continue indefinitely. @Warg correctly stated that we can not expect the kind of growth the sector has experienced in the past to continue forever and I basically replied, "Yeah but the past patters will probably play out until we bitcoin/crypto has saturated the economy." So - how close to saturation are we?? According to this Article from April 30, 2019. 11% of American's own bitcoin which fits in with this other article by written last October Stating that Coinbase had 25 million users. However the article from Bitcoin Market Journal states claims 5% of Americans own bitcoin. https://cointelegraph.com/news/11-of-americans-own-bitcoin-major-awareness-increased-since-2017 https://bitsonline.com/coinbase-25-million-users/ https://www.bitcoinmarketjournal.com/how-many-people-use-bitcoin/ Regardless note that most of the bitcoin users are relatively young and the young control relatively very little capital. https://research.stlouisfed.org/publications/economic-synopses/2017/02/24/aging-and-wealth-inequality/ So basically a few young people (who really don't control much capital) are invested in it and the Old that control most of the capital are not involved in it. I'm gonna guess the growth pattern repeats 2 more times before price levels out. Thoughts?
  31. 10 points
    Tinyaccount

    Tiffany Hayden

    Then I hope they read this.... Your mum appears to be one of those few people who have both convictions AND courage. It must be very difficult to be continually under attack, but some people, and your mum is one, are able to take a hard hit and keep on keeping on. I am the exact opposite in nearly every way. I would never want to be a spokesperson for anything. I avoid limelight and confrontation equally. I lack the resilience required to stand up for anything. I don’t follow Tiffany closely, or know all her views and positions, so I’m not saying I agree with everything... ( I don’t know what I would be agreeing with ) and I’m not really a fan of twitter or social media in general. But I’ve seen some very unfair and inaccurate attacks on Tiffany, and just wanted to say I agree with the general principle that there is no need for infighting. One thing I have seen in the crypto space is that many of the very worst characters are often the most vocal and vicious. (I’m not referring to this thread.. I refer to past examples on Twitter). It’s apparently inevitable that if you put yourself out there... the haters will come. That post from Tiffany that I partly quoted was one of the most well written, and honest posts that I’ve seen for a long time. Well done Tiffany.
  32. 10 points
    Ripple-Stiltskin

    Tiffany Hayden

    Yawn, sooooooo......does this mean we can’t bash XLM or Jed anymore? This forum is taking away my goodies one by one, first bikini gifs, now this.
  33. 10 points
    My grandpa was a conservative man who did not take huge risks but built a good retirement portfolio without ever having made a ton of money. He was smart with economics and watched the markets closely. He refused to invest in early Amazon.com because the did not trust their model. I remember him saying point blank "what is there to invest in, their model is low to zero inventory, no brick and mortar. if they go away what is there to sell?" He was right about their early model. But they were ground breaking. A lot of dotcoms tried this and failed. Ever read DotBomb about Value America? (great book btw) https://en.wikipedia.org/wiki/Value_America would you not take Amazon stock today at $2/share if you could? nobody would have fathomed a dow jones at $26,000 back then or an Amazon stock hitting $1800. when Facebook IPO'd around $43/share people said they'll never make a profit, the world is moving to mobile. price plummeted to $18 and today sits around $180. Crypto is taking a big risk and attempting a completely new approach to an old game. Now we see that Abra is offering stocks and ETF's, Robinhood, etc. we've been waiting for the big brokerages, the old school places to adopt crypto. but what is actually happening is the new school crypto exchanges are adopting stocks etc. when the internet started it's boom the old school newspapers and media outlets refused to adopt and now they are dying. many are already gone. the new school form of blogging/vlogging, twitter, snap, facebook etc are taking over. visit a traditional news site, they look like the websites were made in 1998 and their revenues are down. The new is scary and risky and it's unknown. We can't imagine a $trillion market we've never seen before. But someone always has to do it first. someone has to be brave and lead the charge.
  34. 10 points
    The value of XRP is in its utility. Which has only.just begun to take form, and is at a tiny fraction of its eventual situation. The price of XRP is whatever the tether-wielding crypto-kiddies currently think it should be. Neither situation is going to last.
  35. 10 points
    this thread smells like 2016. "Man, if XRP goes to 10 cents i'm going to retire!!" "that will never happen, there are too many of them"
  36. 10 points
    I only invest in projects that I believe in. To do otherwise would make me feel uncomfortable because for me it would be like gambling on horses bookies had tipped me to back. I can see a case for using TA as a model for profitable gambling, but again that is not what I want to do with my life so again I would feel uncomfortable. The only crypto project I believe in is XRP which is why I am 99% XRP 1% ADA. I do not care that BTC has recently done very well compared to XRP. For me that is like being jealous of someone who has done well on the horses or won the lotto. I don't bet on the horses and I don't buy lotto tickets so it would be stupid for me to be jealous, wouldn't it? About investment by the masses in XRP. I think it is going to happen on a huge scale. The important new game-changing investors will not be friends of people who use Coinbase, or BTC enthusiasts changing horses. The investment will be coming from people who start to use crypto in a commercial setting. These users will include people in very poor countries with low incomes who use Mojaloop as well as rich people who work in banks in London and New York. IT will include investment companies with pension portfolios and stockbrokers who like the story behind XRP. I think investing in XRP will spread like a virus and will have its own colour, not the colour of BTC. The process has already begun. SBI and places like Singapore and India are really getting it together. They like the idea of multi hop, remittance payments and the flexibility of digital money transfer. I do not think it is possible to stop the roll out of XRP or the mania that will follow in its wake. Not investment advice, just my personal observations.
  37. 10 points
    It’s a great question, and I agree it’s worth asking (if he worded it better). Just as with any asset price, there’s a risk that the price of XRP could suddenly crash. It’s unlikely without major economic problems presaging it... but that’s another topic. To adjust the question a bit: “What happens if we’re at full utility and XRP simply stops working?” My answer would be: this is why we have ILP. Yes, international liquidity would take a nosedive as market makers adjusted their holdings, but as long as there are profits to be had, MMs will transition to some other digital asset (or set of them). That’s the beauty of ILP — it is agnostic to currency types. If a bank is relying solely on Ripplenet in the future, however, without an ILP integration, then of course the risk is higher. But that’s why it’s important to de-risk and create alternate flow paths. The scarier question IMO... and I worry THIS is what the guy meant: What if XRP is fully successful as a liquidity token, to the point where its value as a deflationary savings asset begins to pull significant value from inflationary fiat currencies? What if the “run on Ripple” is a scenario where the retail market pulls out of EUR / USD etc in favor of an asset that’s shooting up in price? It’s a bigger hypothetical, but certainly possible. Could XRP’s success cause a deflationary spiral? I think we (and governments) underestimate the disruption that could be coming. When central banks don’t control the money supply, it lacks flexibility and has a harder time responding to change. I’m not saying this is likely to happen, but since most digital assets are using a max-supply framework, it’s one possible outcome.
  38. 9 points
    Ripple-Stiltskin

    Tiffany Hayden

    Rumor has it that Melania Trump voted for Hillary Clinton last elections.
  39. 9 points
    dr_ed

    Riley Q

    She is a good entrepreneur too. She still books other jazz acts here in Austin, her home town. My one kid (of four)who got the money gene. From her mother, maybe. Not sure where the music talent comes from. It apparently skips generations. Allow me to act like a proud father. Her book is almost all standards. I'm a great fan of Hoagy Carmicheal. Enjoy. https://www.karentennison.com/music
  40. 9 points
    iLeeT

    Tiffany Hayden

    She's derisking. ;P
  41. 9 points
  42. 9 points
    Source video: "The forum concludes that settling payments using XRP has many advantages over the USD in terms of speed, price, and security. They believe that it will take about five more years to see XRP take that market away from the dollar for good. Mind you, this is not a conclusion coming out of an XRP fan or bull (of which there are plenty) but from a group of Wall Street insiders which have not had the friendliest attitude towards cryptocurrencies in general over the last decade. So listening to them could be a particularly good idea." Source: https://www.tronweekly.com/ripple-future-wall-street-forum-talks-about-xrp/ Edit: After I have fully listened to the video I personally do not endorse the full conclusion of the above source (link). But without a doubt a very interesting viewing with at the end clearly a believe that 'friendly (Ripple) and wel regulated crypto currencies will be used in a global function'.
  43. 9 points
    Can this really be taken as an announcement? I think it comes from that Swiss seminar organised by the IMF? Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil https://www.coinspeaker.com/ripple-xrapid-argentina-brazil/ https://dailyhodl.com/2019/05/19/ripple-reveals-expansion-of-xrp-powered-xrapid-amazon-files-crypto-patent-and-bitcoins-21-million-club-hits-new-record/
  44. 9 points
    Not true. Nor FUD (will explain why 2 lines below). But lie from Coinmetrics. David answered Coinmetrics on their poor investigation. Investigation which resulted in a lie from them, as they were not "uncertain" but "certain" about their own words. Ripple is fully transparent, they would not put their reputation at risk with some disguised Escrow calculation. See the explanation from David himself below. Additionally, Ripple will add more details in the future reports to avoid this kind of confusion.
  45. 8 points
    Thank you all for your kind answers <3 Here is an observation: Weekend slopes
  46. 8 points
    Phintech

    Tiffany Hayden

    Jed was extremely vindictive and unprofessional after his exit. He went above and beyond to be a thorn in their side for a long time. Do not forget that!! He also exited because his vision of the future of Ripple was different than the rest of the leadership. His vision failed and he has pivoted, fully adopting Ripple’s vision as his MO. I believe he’s probably a good programmer but that’s where it ends. Outside of that he is scum. With that said, I don’t know why they would support XLM.
  47. 8 points
    Julian_Williams

    Price potential of XRP

    The team at Ripple, R3 and other businesses managing the success of XRP do not care about your investment or disappointment. I would guess they are over the moon about developments over the last 18 months. They have a job to do and they are doing a good job. I don't think the current slow progress of XRP relative to other very different crypto currencies really bothers them or upsets their business plans. It seems your analysis is entirely driven by your disappointment with the price of XRP which has then turned into pessimism and finally anger and scatological abuse towards the thing you perceive to have underperformed and not given you the instant gratification you expected from it. Those were your priorities. If you really want to chase the assets on the basis of recent performance you should work at your TA skills, which would require you to give up any emotional connection with your investments and become an expert in spreading your risk and opportunistically investing the dips and selling the highs. My personal expectations about price are that they will explode at some point in the future. Personally I am very happy with the performance of XRP and the work of the many teams developing the XRP ecosystem. If the price is only $5 in five years I would still accept that as having been a very good investment in a very worthwhile project that provides services for all sorts of people, many of them in poor undeveloped countries. .
  48. 8 points
    Spekul8

    Sell and buyback plan

    I suggest selling at the all-time high of the market next time, and then buy back at all-time low right after. After that just repeat cycle. works every time.
  49. 8 points
    I find it extremely weird and even slightly disturbing (a la Idiocracy) that anyone thinks this is how markets work. These markets will likely need years of distribution, and several boom/bust cycles, to be able to sustain massively higher prices ($xxx++) without absurd selling pressure. It’s not something that can remotely be sustained with short term price spikes.
  50. 8 points
    I agree with you guys saying that some in the room would no doubt be locked in old paradigms. But in this case I don’t think the question is as dumb as it sounded. These guys are discussing reworking international finance... that’s a big big thing and you really don’t want to get it wrong. The central part of many of the roles of those in that room is to ensure stability. In my opinion when he said ‘run in ripple’ he actually meant ‘run on XRP’. Which is an odd wording but I believe he was trying to say this: “What happens if we do reorganise world finance and cross-border trade is done largely (or exclusively?) by exchanging XRP programmatically. Obviously the liquidity of xrp will be huge because of the volumes. And price will be higher providing the liquidity need. Now what happens if, two years after maxing out on this new system, there is a crisis of confidence in the XRP asset? For some reason people fear it’s value won’t hold so the sell their holdings. The price collapses. A run on ‘ripple’. That process would dry up the liquidity that the xrp cross border solution requires to operate. Is there a mechanism of last support like there is in existing financial engineering?” When put this way it’s a reasonable question to ask, and there will need to be a good answer. I’m guessing the answer will involve the IMF somehow having custody and capacity with an XRP pool. I’m just trying to say that assuming he meant Ripple the company, and not ripple (XRP) the asset, is probably incorrect in my opinion. And if you elaborate his shortcut phrasing, it does become a serious question.
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