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Zerp_Legend

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Everything posted by Zerp_Legend

  1. You could look up DAI / Maker to see how a stable coin backed by crypto works. It does have its problem though, especially in times of high volatility
  2. Every new project first requires great cost . We won’t be able to see the full effect in this year or even next
  3. I am a fan of Ripple but never resonated well with brad. Rao, Treacher and some others have often provided more reliable statements imho.
  4. Its not really Ripples fault that xrp had a massive parabolic run by panic buyers. If you dca'd you should be at least somewhere close to break even now. Also that you are in red says more about you than about xrp. Use proper risk mangement, sell if an asset turns out bad and gives you more than 10-20%. loss. There are plenty of good investments which would have given you massive gains, even outside of crypto Hoping and Investing should never be used in the same context.
  5. Not really a fan when a CEO says something like this. Brads statements have been wrong / misleading in the past, imho
  6. That’s probably cheaper but not very friendly for a customer . Brazilian corridor should open this year , we will see what will be cheaper then
  7. The market is the sum of all forces . Every sell order has an effect and so does every buy order . If the selling pressure from ripple was small then its removal won’t be seen. Miners also have a huge impact on selling As someone noted . Imagine big miners who get discounts for buying a lot of equipment , early access to new hardware etc . They would be able to reduce cost before the others and probably create even more selling pressure
  8. Agreed, ODL waill take some time. But its still impressive that actual utility is already 1-2% of total volume :). That went fast.
  9. We will get much more info about xrp of ripple goes public. Something is brewing
  10. You apply fundamentals to a speculative market. You are right , it will take a while , but speculative markets don’t care too much about fundamentals . Btc doesn’t have any fundamentals yet it is a very good investment . More than 100% up from the bottom at 3k tesla is worth more than vw for example , while it’s an awesome company most of the valuation is pure hype. Same with beyond meat .
  11. I know. I just dont see buying lower every month as a good strategy. In fact. I see buying something that has been going down for 3 years as the highest form of gamble and bad risk management. Mind you, I am not better. Just honest to my mistakes
  12. I know what you mean and I agree with you, but that has nothing to do with investing . That’s pure speculation and high risk gambling. Of course if you don’t have a problem with losing all your money it’s a worthy gamble . Thing is fundamentals change quickly in this kind of market. Many more competitors nowadays than 3 years ago imho
  13. 1. Don’t trust any insider 2. I don’t think she has any exclusive info
  14. Jbnr explained perfectly how a market maker might think. Will odl increase demand ? One might think no because of the constant buying and selling, but it’s not so simple in reality. Market makers will earn on spreads and if there is enough odl volume they will want to hold xrp and even increase the price to enable more odl volume .
  15. For every amazon there are 100 counter examples . We will see
  16. Something like Xrp can only work if it was available for everyone .
  17. Eos is not a security according to the Sec and the developers used eos to fund their operations . Worst case ripple pays a fine and that’s it. Besides Ripple already paid a fine for selling xrp back in the old days, you can bet that they are doing everything according to the book.
  18. They already got some remittance companies using xrp. Many others like Instarem I think plan to use ODL this year, same with SBI Remit I believe. Thing is, it all takes time, especially building liquidity. Also, remittances arent really that interesting imho, its not that big of a market. Not sure how long one can say that regulations are a problem, arent they pretty clear in countries like Japan, England, Thailand, Singapore etc.? Maybe I got the wrong impression. MXN/USD Corridor is looking stronger every day. Apparently regulations arent a problem here. Anyways even with utility this is a highly speculative market. Dont look so much into fundamentals, it will only hurt and give you an excuse to hold through the endless downwards pressure. Ripple has a professional team of people experienced in building liqudiity and yet some other coins have better liquidity, keep that in mind. I dont doubt that xrp will be succesful but the time horizon may be much longer than we want.
  19. How do you expect utility to work? There has to be buying and selling. Demand is low right now, not just for xrp. If you arent happy with your investment then get out (when in doubt get out). You only need to judge your own behavior, if you think Ripple / Coil is throwing out free xrp and its hurting retail speculators then open a short position or look for a better investment. I had the same thinking as you so I sold 90% of my xrp.
  20. Where are you from? Not sure whether the service is offered for every country. You need to get KYC'd there and the rest is pretty simple.
  21. Swell is at least for me an event for Ripple partners to meet. It was certainly nice that they invited "normal" people but there is no need to do that imho, of course I wouldnt mind them inviting me One can only blame himself when an asset doesnt behave the way he wants to. Wyckoff said a 100 years ago that you shouldnt look too much into fundamentals when investing in a speculative asset and take responsibility for your mistakes. Everyone who provides liquidity is "needed" in some form. If you have 10 Million people putting 25$ into xrp each month thats still 250 Million Dollars or 1.25 Billion xrp at current prices. Besides, retail participation is what makes a market interesting / volatile. If Ripple didnt want retail participation than Xrp wouldnt exist on the free market. And of course Ripple is dumping on us. There cant be a sell order without a buy order, this is neither bad nor good. Besides what should Ripple do with 50% of the supply? They gotta use it somehow. Uber Founder sold 2.5 Billion Dollars worth of his shares, its his right to do that.
  22. Where are you from? Bitpanda for example offers this service. Maybe also Coinbase, not sure. Bitpanda works perfectly by the way, its a regulated exchange in the EU, no need to worry. My bank does the same for my stocks, not sure why @ADingoAteMyXRP thinks that one shouldnt do that
  23. Yeah I think it was a mistake inviting some of these you tubers . Shit happens
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