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benstr

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Everything posted by benstr

  1. I wonder how much the lawyer is billing Ryan Coffey. Won't be long before lawyer's fees doubles Ryan $-551 losses.
  2. I hope Ripple goes to battle and win it. I don't want them to settle. Win it and it sets precedence under law against similar lawsuits. Ripple has the funds to fight this.
  3. I watched the interview. Tushar using fancy terms, is basically spread trading positions within the same asset class. Nothing new here. Commodity and futures traders has been doing this (trade) forever. Buy the strongest in the group, simultaneously short the weaker in the same group. Tushar's grand trading strategy is long bitcoin/short every other alt coin. Within a downtrend, it's still an uphill battle. I don't think Tushar would have the courage to put on an outright (naked) short xrp position at current prices. And be willing to sit on it for 6-9 months. The potential losses in a outright short will hurt. Where as potential gains in this short position quite limited. He stands to gain $0.45 if correct and stands to lose a lot more if he's wrong.
  4. Try to answer your own question. You should be digging (research) for the answer. By now this very question has been asked, fully analysed about 13+ times. If you are truly interested, find it. But not via asking, because you don't know the answer received is 1) factual 2) relevant. This is your investment money.
  5. That's ok. It's a step in the right direction. Offering 'free cross-border payment' to get people to test drive their platform. If you give'em the house, ie 3 seconds settlements. What are you going to better your services afterwards? Works better when you can progressively offer better & faster services. Peel it out slowly. Spanish bank BBVA is a Ripple client.
  6. My thoughts.. I hope Azlo/Spanish bank BBVA will do well. Well enough to put the squeeze (Mexico corridor) on Western Union. Shots fired across the bow!
  7. Yes stop looking at price. Even better after you do this, Continue with your dollar cost average. If you can take the heat. Let's look at the math ... at $0.50 why would you NOT sell at this price? In terms of absolutes, Not percentage basis, why sell because your afraid it might go to $0.25 cents. Your only losing another $0.25 cents on absolute basis, big deal! This is Not the time to become a short term trader. Sit on it instead.
  8. You said $80mm? ok no problem. 1) Use Metropolitan Commercial bank. Withdraw max limit from GDAX. This bank will never bother you. Know why? 2) Coinbase custodial services cater to big wigs like you. Tell them you like to open an a/c 3) Gemini. $80mm may not be much for them, but give them a try.
  9. When hackers hack into an exchange, the exchange hold all types of cryptos. XRP just happens to be one of many. This is a knock against the exchanges security system. Less to do with xrp's ILP.
  10. I don't get it. When hackers hack into an exchange, the exchange hold all types of cryptos. XRP just happens to be one of many. This is a knock against the exchanges security system. Less to do with xrp's ILP.
  11. I don't get the statement. Whether you are sending fiat Or using xrp, in both instances there are exchanges fees associated with the transfer. The difference with xrp is you don't need the equivalent of [5000 AUD] in Bangladesh sitting on the receiving side. The xrp equivalent of 5000 AUD, need exchange to local currency. Or if they have extra funds (nostro a/c) of 304931 BDT, they can pay the recipient. At end of day they adjust (add) BDT to maintain their average daily balance. I think a part of WU's business is being a liquidity provider.
  12. Outside of the 2 lawsuits, WU was one piece of bad news. Not nearly enough change to have me doubting my decision about Ripple. The price action being down is irrelevant for a hodler. Looking at how Ripple is executing their business plan over a board timeframe. I feel they are executing as planned. Given that xRapid is just going into production. This product needs time, similar time it took xCurrent to gain foot hold. As far as your analysis of how WU is not able to save money. I get it and see the valid points you make. Ripple doesn't depend on the business of just one company.
  13. https://ripple.com/ripple_press/ripple-reports-positive-results-xrapid-pilots/ "We were very pleased with our pilot results. It’s clear that xRapid can lower liquidity costs while increasing payment speed and transparency in a way that facilitates rigorous compliance controls. We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure as their adoption grows. We look forward to exploring next steps with Ripple.” – Paul Dwyer, Co-founder and CEO, Viamericas. “Mercury is delighted with the incredible speed and cost-efficiency of the xRapid pilot phase and is excited about a production rollout in the near future,” said Alastair Constance, Founder of Mercury FX. “To date, the Ripple collaboration has been a great success.”
  14. https://ripple.com/ripple_press/ripple-reports-positive-results-xrapid-pilots/ "We were very pleased with our pilot results. It’s clear that xRapid can lower liquidity costs while increasing payment speed and transparency in a way that facilitates rigorous compliance controls. We believe that digital assets like XRP will play a key role in the future of cross-border payments, helping to safely address some of the structural inefficiencies of legacy settlement infrastructure as their adoption grows. We look forward to exploring next steps with Ripple.” – Paul Dwyer, Co-founder and CEO, Viamericas. “Mercury is delighted with the incredible speed and cost-efficiency of the xRapid pilot phase and is excited about a production rollout in the near future,” said Alastair Constance, Founder of Mercury FX. “To date, the Ripple collaboration has been a great success.” btw: I do not work for Ripple.
  15. Today's xrp price reflects, little demand on xrp in terms of usage. Outside of retail investor spec demand buying. Industry (banks, fin cos) usage is very small. Hence we don't see steady upward demand on xrp prices. With increase usage we should see upward demand on prices. You have to 'buy into xrp' before xrp can be send out, right. This buy side should exert bids under prices. Because these buy-in should be going off at or near asking prices. The current demand is easily being absorbed with equal selling. Price remains flat. As demand grows, we will see continue pressure to (buy xrp) prior to sending out payments. We are not there yet.
  16. Yes but in terms of a group or company (Ripple excluded) that has a viable product, production ready. Most projects are still in development, testing, beta phases. How many are ready for market? In this respect, investing in this space is still early on. Choosing the right project is still a hit or miss proposition.
  17. actually the technology has Not begun using xrp as a bridge currency. Don't forget xRapid is just going into production. Like only a few weeks ago. And only on 2-3 companies.
  18. No and resounding Yes for latter part. I know this from experience, research.
  19. use this as a gauge, that the company is performing. Don't use this info to expect the price to react upward. It doesn't, shouldn't work that way. Because if prices constantly react upward, we're in a pump and dump scheme. Which Ripple/XRP is not.
  20. haha that's why we call it "investing". Investing by it's nature looks toward the future. If there's significant xrp usage, it would already be priced in.
  21. From the retail investor side, we are pretty much loaded up. Many are now dollar cost averaging buys. Institutions are still uncommitted, waiting on SEC clarity. Banks are still testing xRapid. Where is the serious money coming in from? That is your answer. We are so early on this investment cycle. New sector, new asset class, SEC reviewing, no announcements yet. On the business front, product sales are going up, clients continue testing.
  22. Something not right. Let's go from the beginning. "For example: bank A in the U.S. wants to send 1 Million USD to bank B in Australia. xRapid first buys 1 million XRP then sends it to bank B, then bank B sells the XRP for Australian Dollars " bank A sources xrp equivalent of 1 Million USD to send. Keep in mind, the exchange spread is billed to sender. Recipient gets the xrp equivalent of 1 Million USD. XRP to XRP remains the same. The recipient gets 1 Million USD minus exchange rate cost. Are we on the same page? In terms of amount in transfer, Sender pays more and receiver gets less. Isn't this how it works in real situation?
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