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MarcusAurelius

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  1. Good theory. My theory is that XRP has been in a downward trend because of unusually heavy snowfalls in the mountain west, a resurgent dollar, disruptions at West Coast ports and energy sector spending cuts in response to lower oil prices which weighed on output in the first quarter. A problem with the model used to smooth the data for seasonal fluctuations has been blamed for the drop in XRP expectations. Consumers and businesses were affected by the government shutdown and severely cold weather brought on by the polar vortex which led to lower demand for currency transfers. There are also signs that the trade conflicts with China have impacted some parts of the economy including cryptocurrency markets.
  2. There have been many many posts in this community of this nature, including many predictions come and go that we are "going to the moon." Maybe we will and maybe we wont. As far as I can see, the Coinbase listing did about nothing for us in terms of price, and any one factor is questionable. The gods and the stars don't seem to be doing much either. I have the zerps parked and paid for. I have not lost any money, but I do have the sinking suspicion (and believe me I'm not a FUDster at all) that despite all the great things that seem to be happening with XRP that this won't be the thing that makes me rich after all. A lot of the discussion is very similar to grandiose predictions about stocks (go check out some penny stock forums with very devoted followers). To be determined. I sure would like the stars and the gods to make us money but I'm not holding my breath. The people who got in at half a cent and so already made all their money, they are already rich.
  3. Yes, it is the Adam Smith fantasy of the origin of money. Check out what David Graeber has to say about the barter myth in "Debt: the First 5000 years."
  4. Agreed. This is all part of the big picture. New technologies encounter governments, laws, and institutions. Many (actually most) coins will die and go to zero. It's a good thing that regulations will come. I think that even if there's temporary losses about this that XRP stands to benefit most from EU regulations. BTW, EU regulations are very SLOW. So don't expect anything to happen anytime soon. It took them seven years to write and enact new financial sector regulations. Also BREXIT is a wild card: crypto may have different regulations in the UK once Brexit finalizes.
  5. check this out: PBOC official says China's centralized virtual currency trade needs to end: source https://www.reuters.com/article/us-china-bitcoin/pboc-official-says-chinas-centralized-virtual-currency-trade-needs-to-end-source-idUSKBN1F50FZ?utm_campaign=trueAnthem:+Trending+Content&utm_content=5a5d999204d3010368f4789b&utm_medium=trueAnthem&utm_source=twitter I would note that China is, far from being communist, now an "authoritarian capitalist" state. If Ripple wants XRP to work in China it will have to cozy up to regulators and the state officials the way google and facebook have. It's expensive and time consuming, we might have to count China out.
  6. http://www.news.com.au/finance/money/investing/260-billion-cryptocalypse-as-cryptos-plunge-30-per-cent-amid-fresh-china-south-korea-fears/news-story/3775fe60f78da3c9bd53cedf3ef0f23b Austrialian press this AM
  7. this is a big nothing burger post on ZH. One day of trading is meaningless as is one day of trading on the NASDAQ.
  8. It's really nice to see the CEO go directly against FUD peddling on Twitter late at night. I don't necessarily think that the journalists who write FUD skewed articles are bad (they are clearly different from FUD from rival coin supporters), but they are writing about something they don't understand generally. Some of the most ignorant discussions of Bitcoin have taken place on major media outlets. Now suddenly XRP is in the mix and they don't know what's really going on. Older people too, over 50-60 tend to be very biased and skeptical about Cryptos generally. My father, 68, simply can't understand why any of it could really be anything but a bubble. Some of these old school journalists simply FUD cryptos generally and that's what they will be writing until there is a big tipping point. XRP and Ripple Labs will be the institutional and cultural tipping point, I believe. We're barely getting started. Their conventional way of thinking about things is quickly becoming obsolete.
  9. https://mobile.nytimes.com/2018/01/04/technology/bitcoin-ripple.html?referer=https://www.google.com/
  10. I use Toast Wallet. Is there some reason people don't mention it frequently?
  11. I agree, don't reverse mortgage your house or sell your car for XRPs. But if you can afford to throw a couple of grand at it, why not?
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