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About Kalarie

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  1. I don't have the twitter link but I'm 99% sure that @JoelKatz once said that a higher value for XRP was better for Ripple and that the company was working to ultimately improve the price.
  2. XD That's exactly what I did when I made my purchase of XRP. Not at $0.90 obviously. I set a ridiculously high sell order with no expiration just in case I forgot about it and XRP mooned hardcore while I was off building a normal retirement plan. If you got a buyout price in mind that you'd be really happy walking away from your XRP at, given how volatile the market is, setting that order might not be a bad idea.
  3. "We can agree to disagree, but we don't need to be disagreeable." - John Wooden You're a great example of a thoughtful person @Tinyaccount. I have nothing but respect. I hope you get your chance to blow way past the accredited investor barriers, and the sooner the better. #XRPtheStandard
  4. I understand where you're coming from. I mean, any rational, normal person wouldn't smoke weed, drink alcohol, eat McDonalds, gamble for a living....etc. And that is where you run into a fundamental flaw in economics, people are not rational, normal, long-term thinkers. They are not collectively highly educated and fully aware of all of the risks. I know I've seen posts in this forum from a couple folks in India that threw their life savings into XRP expecting greatness. That country watches tv on their phones, and the vast majority of people don't even get to access the internet. Those folks making those posts were either lying about who they were, or never understood the risks that you're assuming the 'normal' person understands when they buy cryptos. I grew up, and still live in a community where having a Master's feels like barley enough to get an entry level job. There are tons of people around me who are very well educated, strategic thinkers, and don't qualify as accredited investors that could probably effectively mange the money if they did qualify. However, I've also made plenty of business trips into the heart of West Virginia, and Southeastern Georgia, downtown Chicago, and New York, etc. Places where the education system simply passed people by, and there are far more of those people than there are people with solid educations in finance, or even college educations period. The last time I helped coach hiring practices for a retailer was in Austin TX, about has highly educated per capita you can get. The retailer wanted to hire cashiers, but they had a simple problem, out of every 100 people that applied, only 1 was passing the math portion of the automated application system. Math that was just addition and subtraction with decimals. It was such a problem they decided the best solution was to program the registers to spit out the change instead of having the cashiers add it up. That my friend, is closer to the 'normal' person in this world. If you can't do basic math, you won't understand the actual risks versus reward situation with crypto, and since you don't understand it, you shouldn't be throwing your life savings into it. That's a very painful statement for me to type because it flies in the face of the natural rights philosophies I grew up on, but giving uneducated masses easy access to make very risky decisions with their wealth always leads to one thing, wealth concentration, exactly what's behind your complaint about accredited investor barriers. Remove those barriers and the argument shifts from the barriers keeping the people down, to unequal education, to un-level playing field via inherited wealth, to unfairness based on the IQ you're born with....etc. It'll always be another excuse. The "accredited investor" barriers feel like they are set up to keep people un-wealthy because you're educated enough to even know that those barriers exist, and if your had the ability to meet those requirements (which you might, I don't know), you are probably going to make rational investing decisions. That level of financial understanding and competence is simply not the norm.
  5. Oh I wasn't calling out anyone on here in particular. Honestly, I don't know the personal story behind each one of you well enough to know if your personal investment is painful or not. I was just referring in general to people that for one reason or another viewed XRP as a no risk way to quickly increase the value of their money and retire well. There are people on this forum that come across that way, and several of them make the same comments of people that I do know in real life who are not financially educated, and have unreal expectations of the markets and the risk that their various investments carry. I know several people in my workplace alone that were talked into buying cryptos when I did. There was a guy in another department that thought it would be fun for us to start a small social group, each pick some cryptos to invest in that we liked, put a small bit of money in, and then keep up with the businesses over time as a way to discover and learn about the blockchain technology and how it was being used. The original idea of the social group was awesome, and fun, and carefree. We had great discussions over a few lunches. Then, 3 months in, the market is rolling, I'm the only one with XRP, and one of the guys starts talking about how he is building a mining machine to 'make money' for 'free.' Then the conversation goes to another guy who admits that he's been flipping his crypto holdings between different currencies all this time, and he's been making 'a killing' (note: all cryptos were rising at the time). Before long the whole group was uber excited about buying into coins they hadn't researched, talking about how they felt like they were a micro VC fund, and how they were all going to make a ton of money off an 'investment' that we all originally planned to be only a conversation piece about a technology that we didn't understand. I'm an economist. I've worked in finance for a long time. I immediately tried to reel everyone back in. I talked about the tax implications of flipping between coins, the risk versus reward metrics, the history of prolonged droughts for BTC, etc. It didn't matter. Good people, who thought they found a foolproof way to make money, pumped way too much of their money into the coins. They higher the values got, the more the bought, driving their DCAs up. 2019 came, and to a person they basically lost it all. There is no more social group. Only one of them even talks to me about the coins. The miner is $30K in debt on equipment, and can't afford to run them cause of the electricity cost. Everyone else either ate the tax bills, or sold out to declare the losses against the taxes for next year. Those are the people I feel sympathy for. People who should not be playing in this market to begin with, but don't understand why they shouldn't. People without the education and training. And I know probably 90% of the forum will say something to the effect of "We shouldn't feel sorry for other people's dumb decisions..." or "Even if they didn't study finance you warned them and you turned out ok.." (which I did). However, there is a reason the average Joe isn't allowed to walk down to the floor of the NASDAQ and trade like a series 6 license holder, or trade on margin, or be a VC funder, etc. There are rules that either require you to demonstrate extreme financial competence, or enough collateral to be able to afford to take those kinds of risks. We should feel lucky that we can buy into ICOs and cheap crytpos right now. We have a rare chance to take on risk that would never normally be afforded to us legally, and for some of us that will pan out to great rewards. But when the crypto market matures, don't be surprised when the average Joe's of the world aren't allowed to invest in it at this risk level because if we're being honest, the average Joe should not be investing in it. It should be gated just like other extremely risky investing opportunities are.
  6. There is definitely a lot of evidence that Ripple the company is in a heavy growth mode and making great strides, and probably doing very well financially. I just wish someone from Ripple like @JoelKatz would shed some light on the roadblocks remaining in the path of Ripple's partners, clients, banks, etc. to using XRP. I'm sympathetic to the folks that bought high and lost $, or bought XRP to try and flip it as a short term investment. I get the pain from your point of view. I bought XRP once, I only plan to sell once, and the price on my sell date (Jan 2029) doesn't matter, so I'm not here to spread FUD or to give out hopium. I just hope y'all can reach a place where the conversations on Ripple and XRP remain professional, with the occasional bits of humor. Don't allow an 'investment' in crypto be something that makes or breaks your life. That's too much stress to bear.
  7. I hate watching vids too. Is this the only thing of material that DS covered?
  8. Is that a real quote from David? If so that highlighted section sounds exactly like what many people in this thread have said, that is, the XRP sales are being required by Ripple's partners. Logical conclusion being that they want a very diversified holdership of XRP before they do anything that moons the price by any material amount. Also, second sentence on tightening spreads is very close to price control, but not necessarily the same thing. Could just be an effort to create volume, but the fact transactions are made has an effect on price. I don't want to make any accusations of evil intentions, but his first paragraph definitely sounds like a behavior that would result in price suppression, if it constituted enough of the trading volume. Or am I just reading what I want to see?
  9. Actually, this point is why I thought they might be giving away XRP so much. Assuming the math is right, and bank adoption makes the price of each XRP moon, that would represent a massive wealth transfer on paper, which could be come real if Ripple sold their holdings. It's certainly the most extreme profit margin for a company I have ever seen. I'm 99% certain that behind the scenes world leaders, banks, other commercial entities are trying to find a way not to have the suggested wealth transfer on paper even potentially become real, and one way to do that would be to give away the underlying asset to as many people as possible before allowing it to appreciate to absurd levels. They won't adopt XRP unless Ripple divests of it. But if that is the thinking, I really hope Ripple makes one of those transfers to my wallet lol. I actually have a charitable project based on future energy technology that I'd like to donate it to.
  10. The sub 500 was beginning of 17, but the end of 17 was the next bottom at 1500. So if we're guessing at a bottom now, I'd guess 1500-2000 ish unless there is some fundamental change in the market or some FOMO media attention sets in and drives speculation again.
  11. I believe XRP will rebound to the mean against the other cryptos before the general market sells off, thus avoiding the below $0.20 fate. I don't have any special proof, but reversions to the mean just seem to happen in life.
  12. https://docs.google.com/spreadsheets/d/e/2PACX-1vT60Kfdscx9tKhH99SNsG8ERUxtva3V4-WTSfec0Ct7_uioQRRunnzFZ6jnVOXX381BwRIorIGmi8HC/pubhtml# That's the link to the file @tar made if y'all need it.
  13. I have $0.413 as the final price on 6/30 so congrats to: @PactaSuntServanda for predicting $0.40 And @RippleGambler for $0.42 On to September!
  14. @Ripple-Stiltskin is actually probably right, if you just listen to what he's saying. There isn't enough liquidity to be driving price moves based on utility yet. So historically the alt coins have done nothing when BTC is rising but the news is nonexistent. But the 2 times in XRP's history where every news site was flooded with crypto news and the public was going crazy, and every cab driver in NY was telling you what 'the next bitcoin would be, those were the times that alt coins, and XRP especially, exploded in price against BTC. Therefore, what @Ripple-Stiltskin is trying to tell you is that bitcoin typically rises first, then creates news and hype around crypto, then plateaus as the alts catch up, then everything drops when the hype is over. Until XRP is adopted by banks per Ripple's business plan, that is likely going to continue being the pattern.
  15. That is a great question, and is how this thread should've started. Based on the current use case position, I would be inclined to think that FIs would eventually like XRP to be just between themselves, which makes it a good idea to get an account early. However, if there is ever a retail use case scenario, then the floodgates open to everyone needing the ability to have a wallet, and the deposit reserve would naturally come down by popular demand. All it takes is one of the FIs to transact with retail customers using a payment channel that runs on ripple and XRP, and competition will drive the adoption from there. Either way, I think the intention of XRP in the long term is to find a price and adoption level that works for being a true medium of exchange, and not be a long term investment. I just don't know what that price level is, and until it gets there XRP could be a great speculative investment. After it gets there XRP could also be a great alternative to hold when you're worried about local inflation rates.
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