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DucPeter

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  1. Thanks
    DucPeter reacted to UncleMikey in Answer chat: Wen Moon?   
    I don’t think Bob feel comfortable speculating this way...besides its probably best that each individual defines their own comfort levels, like time frame on their ROI  or desire to discuss it. 
    But if it helps, from a tax/accounting perspective : “long term” > over 1 year
     
  2. Sad
    DucPeter got a reaction from UncleMikey in Answer chat: Wen Moon?   
    @BobWay Thanks for your answer, but excuse me for not putting my question clear enough. What I actually meant was: would you consider 'short term' to be a matter of weeks, months or even a few years? And when do we run into 'long term'?
  3. Haha
    DucPeter reacted to Single_Malt in Answer chat: Wen Moon?   
    This is Wen Moon:

    Apologies, I fully accept this adds nothing to the discussion. As you were!
  4. Like
    DucPeter got a reaction from XRPboi in Answer chat: Wen Moon?   
    @BobWay Thanks for your answer, but excuse me for not putting my question clear enough. What I actually meant was: would you consider 'short term' to be a matter of weeks, months or even a few years? And when do we run into 'long term'?
  5. Haha
    DucPeter got a reaction from Roaring_Twenties in Xrp will never go above 40 to 50$   
    Come on, that's like asking someone to have his pants pulled down in public.
  6. Like
    DucPeter got a reaction from Wrutherfoord in Answer chat: Wen Moon?   
    Thanks for another great answer, @BobWay! But to help me understand you right: what would you consider short term or long term?
  7. Like
    DucPeter reacted to BobWay in Answer: Wen Moon?   
    I don't know.
    As I've mentioned in my introductory thread, I am bullish on XRP in the long term. I own XRP and I also own Ripple stock.
    Ripple stock is not publicly traded and is generally much more illiquid that XRP. However, based on other people's reports of selling Ripple stock on the secondary markets, it appears that the price of Ripple stock is closely correlated to the price of XRP. Based on my back of the envelope calculations, the market value of my investments is split about evenly between stock and XRP. If I could, I'd gladly trade my stock for XRP to gain the added liquidity XRP brings.
    It is important for you to know that I'm not rich enough to be worth kidnapping.
    It is also important for you to know that if I was a savvy trader I would be. I discovered bitcoin when the price of BTC was 5 to a dollar. I didn't buy it then and haven't traded much over the past 8 years at all. I also had someone point me to Microsoft stock in the very early days. I didn't buy that either. I don't gamble when I go to Vegas and I don't even like to follow the price of XRP and BTC because volatility gives me a huge amount of anxiety.
    So it should be absolutely clear to the average observer, that no one should take trading or investment advice from me.
    But if you want to know my personal unsubstantiated opinion I'm happy to tell you.
    In the long term, I expect Ripple as a company and XRP as an asset to succeed big time. Big time, means dramatically transforming and improving the world's financial systems and the way money works today. I'm expecting XRP's longterm moving average to rise as more more and more transactional liquidity flows through a growing RippleNet.
    In the short term, I expect XRPs price to be volatile and prone to spikes. I expect this volatility will be true of all other traditional cryptocurrencies as well. The reason I think so, is that it appears to me that speculators are trading multiple cryptocurrencies at a time using similar buy/sell strategies. I don't have any evidence of this, it just seems so to me from watching correlation (not causation) in the price charts.
    In the long term I expect XRP to be the "winning" cryptocurrency displacing all the others. I've come to this opinion without considering the low level technical details of the coins or their marketing spin. My opinion is based on the observation that all business transactions are circular. And this circle determines how currencies are valued. Here, the concept of circular business transaction means that when Alice buys widgets from Bob in exchange for currency, from Alice's perspective the value of the good equals the value of the currency used to pay for it. That seems obvious to the casual observer, but in the crypto space people rarely talk about it.
    In thinking about this I realized that the return value flow (the goods or services delivered) defines the value of the currency used to make the payment. Not the other way around. (Perhaps the goods or services have intrinsic value while the currency's value is relative, but that starts to sound like philosophy rather than economics.)
    So I began thinking about the business cycle along with the full transactional circle. Of course, no business transaction can take place without the agreement of BOTH Alice and Bob. Alice wants something and Bob wants something. The relationship is circular but it is not symmetrical. What Alice wants (the good or services) drives the transaction. What Bob wants (the money) is secondary. So in the business flow, Alice always decides what she wants first. Only then can Bob tell her what he wants in exchange (Alice's cost).
    So in my mind, the value of a currency is strictly CAUSED by the number of transactional circles it can participate in. If you make the presumption that any given Alice could potentially want something from any given Bob. And also the presumption that any given Bob could deliver to any given Alice. Then return value part of every transactional circle is unconstrained. So then you must focus on how Bob's choice of currency (what Bob wants) constrains the number of circles that can be completed. Which obviously brings us to set theory. 
    That's just a fancy way of saying if Bob wants a currency that Alice doesn't have then they can't do a deal. So if Bob wants EUR but Alice only has  USD then the deal can't be done. And if the deal can't be done, the return value (goods or services that don't trade) can't support the value of either USD or EUR. So both of those currencies subsequently becomes worth less than it would have been if that deal could be done.
    Curiously, if you add a bridge currency like XRP into the transaction in order to complete the transactional circle, then the return value (which now does trade) equally supports the value of all three currencies. Which seems odd so lets do some simple "figurin".
    Alice wants (X widgets) from Bob. Bob wants (Y EUR) from Mak. Mak wants (Z XRP) from Mark. Mark wanting (Q USD) from Alice completes the transactional circle. So as we stated before by definition if Alice pays then she decided it was a fair (equal) trade. And Mark and Mak thought their deals were fair (equal) as well.  So: (X widget) = (Q USD) = (Z XRP) = (Y EUR). But what would happen if both Alice and Bob used XRP?  Well then you'd have: (X widget) = (Z XRP)
    So my lay man's conclusion (I am not an economist) says that XRP being used as a bridge currency supports XRP's value equally as much as XRP being used as a retail currency. But the set of transaction circles that can be created using XRP as a bridge currency is DRAMATICALLY larger than the set of transaction circles that can be created using XRP or any cryptocurrency as a retail currency. And actually, the set of all transactions that can be completed using XRP as retail currency is a proper subset of the transactions that can be completed using XRP as a bridge currency.
    So to maximize XRP's value, you must focus on the XRP bridge use case. And that is exactly what Ripple is focused on.
     
    But, can't the same be said of any cryptocurrency? Meaning if BTC became the de facto bridge currency then it would be the most valuable cryptocurrency.
    Actually, yes. If that came to pass it would be true.
    But, I proved to myself that you can't actually get BTC there from here. It just mathematically can't happen. BTC as a bridge currency will always initially be a more expensive transaction path than an alternative path without BTC. And nobody has enough BTC to force (subsidize or incentivize) BTC into that position. My same logic hold for all the currently popular cryptocurrencies.  
    But, I believe, it is actually possible to force XRP into the position of de facto bridge currency. And that is what that patent is about.
     
    Of course, I could be wrong in my logic somewhere, or Ripple could fail in their execution, or a million other bad things might happen along the way. So let me repeat, no one should take trading or investment advice from me.
  8. Like
    DucPeter reacted to BobWay in List: The First Rule of Book Club... (Please Read)   
    I realized a while back that I always had a bunch of "great ideas" that I clung to (very privately) because I thought they were "valuable". The problem was I wasn't acting on those ideas. As I learned more about "value" I realized I was completely wrong. Nothing is valuable unless it is "liquid". Meaning you can trade that value for some other type of alternative type of value more handy at that instant.
    So I changed my entire way of looking at the world! I decided to capture the value of my latent ideas by making them more liquid. In financial terms, I use them to buy a type of "future" benefit.
    Here's how my system works. It's a type of contract or promise between you and me.
    I promise to tell you all my "great ideas" openly and honestly at no charge or up front obligation. You promise that, if you take my great idea and run with it as a business or a project, you'll invite me to help you. (I love cool projects) You further promise, that if you get rich and I don't... I get invited to stay on your yacht. So if you accept these terms (or even if you don't),  please introduce yourself below.
  9. Haha
    DucPeter reacted to XRPanda in Xrp will never go above 40 to 50$   
    Investing to heavily in digital assets ins't quite healthy either at the moment
  10. Like
    DucPeter got a reaction from ZerpEnthusiast in Xrp will never go above 40 to 50$   
    And why would anyone wanna know? I couldn't be less interested.
  11. Like
    DucPeter got a reaction from EricCobaltXrp in Xrp will never go above 40 to 50$   
    And it wouldn't need to. I would be very, very pleased with $ 40 - 50. Would be a life-changer for me.
  12. Haha
    DucPeter got a reaction from xrp_is_love_xrp_is_life in Xrp will never go above 40 to 50$   
    Come on, that's like asking someone to have his pants pulled down in public.
  13. Like
    DucPeter got a reaction from Truckdriver in Xrp will never go above 40 to 50$   
    Come on, that's like asking someone to have his pants pulled down in public.
  14. Thanks
    DucPeter got a reaction from Django in Xrp will never go above 40 to 50$   
    Come on, that's like asking someone to have his pants pulled down in public.
  15. Like
    DucPeter got a reaction from OneViking in Hi! I'm Bob   
    @BobWay I sometimes feel a bit like a noob, being a complete outsider, not knowing exactly who-is-who in the Ripple community or being familiar with Ripple's history in detail. I only found out about Ripple some 1.5 years ago and decided to invest for a medium / long term because I was very impressed by the whole concept and felt confident about its future. And I still do.
    While I hadn't heard about you before yesterday, I have to tell you how much I appreciate your posts and detailed answers. An insider's view on the Ripple company (that is still a bit of a black box to me) and on market development gives me a better understanding of Ripple in general. Thanks, man! Hope to enjoy many more of your posts.
  16. Like
    DucPeter got a reaction from bloodhound in Xrp will never go above 40 to 50$   
    And it wouldn't need to. I would be very, very pleased with $ 40 - 50. Would be a life-changer for me.
  17. Like
    DucPeter reacted to Zerponaut in Xrp will never go above 40 to 50$   
    Ummm, and here was me thinking I'll be ABSOLUTELY ECSTATIC about a 16,000% return on an investment.
    I guess i'm showing my age as an investor.
  18. Like
    DucPeter got a reaction from HumphreyBear in Hi! I'm Bob   
    @BobWay I sometimes feel a bit like a noob, being a complete outsider, not knowing exactly who-is-who in the Ripple community or being familiar with Ripple's history in detail. I only found out about Ripple some 1.5 years ago and decided to invest for a medium / long term because I was very impressed by the whole concept and felt confident about its future. And I still do.
    While I hadn't heard about you before yesterday, I have to tell you how much I appreciate your posts and detailed answers. An insider's view on the Ripple company (that is still a bit of a black box to me) and on market development gives me a better understanding of Ripple in general. Thanks, man! Hope to enjoy many more of your posts.
  19. Like
    DucPeter reacted to DividendGamer in Still nothing?   
    Banks and major adoption is like a nine course feast being prepared.
     
    Stop trying to compare it to waiting in line at McDonald's. 
     
    😀
  20. Like
    DucPeter got a reaction from Baka in Coinbase implications on xrp base pairs   
    Still waiting...
  21. Haha
    DucPeter got a reaction from Baka in Coinbase implications on xrp base pairs   
    Well, XRP has been available at CB for almost a week now. Is this what so many people have been waiting for? The only thing I've seen so far is that we're going slightly down again...
  22. Like
    DucPeter got a reaction from cg18888 in Hi! I'm Bob   
    @BobWay Wow man..., that's what you are certainly doing here! And exactly what most of us needed here as well. Thank you very much for answering to my post so extensively!
  23. Like
    DucPeter got a reaction from xrphilosophy in Hi! I'm Bob   
    @BobWay I sometimes feel a bit like a noob, being a complete outsider, not knowing exactly who-is-who in the Ripple community or being familiar with Ripple's history in detail. I only found out about Ripple some 1.5 years ago and decided to invest for a medium / long term because I was very impressed by the whole concept and felt confident about its future. And I still do.
    While I hadn't heard about you before yesterday, I have to tell you how much I appreciate your posts and detailed answers. An insider's view on the Ripple company (that is still a bit of a black box to me) and on market development gives me a better understanding of Ripple in general. Thanks, man! Hope to enjoy many more of your posts.
  24. Like
    DucPeter got a reaction from Jepb100 in Hi! I'm Bob   
    @BobWay Wow man..., that's what you are certainly doing here! And exactly what most of us needed here as well. Thank you very much for answering to my post so extensively!
  25. Like
    DucPeter reacted to Lawsuit in Hi! I'm Bob   
    Quoting this to 
    A. Say thanks to @BobWay because this has been a fantastic read thus far
    and
    B. Say hello and thanks to @Hodor who is actually the person responsible for my investing in XRP. Your informative posts (back before your blog / when you used to post here primarily) are actually the reason I initially invested in XRP back in the middle of 2017.
    Much love to you both.
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