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ringer2

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About ringer2

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  1.    ringer2 reacted to a post in a topic: Reiterating Patience and Ripple's Goal
  2.    ringer2 reacted to a post in a topic: Reiterating Patience and Ripple's Goal
  3.    ringer2 reacted to a post in a topic: May 31st SEC meets
  4.    ringer2 reacted to a post in a topic: This is what scares me about XRP price.
  5. ringer2
    You begin by saying supply doesn’t matter and then go on to explain precisely why it DOES matter.
  6.    Moonraker reacted to a post in a topic: Is XRP EVER going to be above $5 ?????
  7. ringer2
    But that is a preposterous and completely unrealistic assumption.
  8.    ringer2 reacted to a post in a topic: Who’s Shane Ellis and is his view viable?
  9. ringer2
    How do you propose that a high price tames volatility?
  10. ringer2
    Oh, I’ve met plenty of people in here and elsewhere who hold such doubts and can’t be convinced otherwise.
  11. ringer2
    Ok, My point is that even with exponentially greater demand for XRP than for bitcoin or other coins, the price may still be lower than those coins because of the massively larger circulating supply XRP has.
  12. ringer2
    Actually, utility demand wouldn’t overcome the problem either. You are confusing movement along the demand curve with shifts in the demand curve. They behave very differently and have very different effects. The fact that there will be 100 billion XRP versus 21 million of bitcoin and similar amounts of other coins has a massive price difference affect on XRP.
  13. ringer2
    Yes, but the market has shown there is no way demand for XRP is elastic enough to overcome the massive difference in supply.
  14.    ringer2 reacted to a post in a topic: Price potential of XRP
  15.    ringer2 reacted to a post in a topic: Price potential of XRP
  16.    ringer2 reacted to a post in a topic: Price potential of XRP
  17. ringer2
    Do you understand the effect that circulating supply has on price?
  18.    Cesar1810 reacted to a post in a topic: Madonna Ripple Commercial.
  19.    ed1 reacted to a post in a topic: Madonna Ripple Commercial.
  20. ringer2
    Wasn’t talking about you.
  21.    Shuz reacted to a post in a topic: Madonna Ripple Commercial.
  22.    Tayto reacted to a post in a topic: Madonna Ripple Commercial.
  23.    ringer2 reacted to a post in a topic: XRP News Update: May 19th, 2019
  24. ringer2
    I had a dude welch on a bet on here also.
  25. ringer2
    Am I the only one who thinks that is an odd commercial?
  26.    captainjack reacted to a post in a topic: Is XRP EVER going to be above $5 ?????
  27.    Baka reacted to a post in a topic: Is XRP EVER going to be above $5 ?????
  28. ringer2
    There is a massive difference between a true bull run (everybody's favorite magical phrase) and a speculative bubble like Dec. 17.
  29. ringer2
    What happened to $2020/2020?
  30.    Cesar1810 reacted to a post in a topic: Who’s Shane Ellis and is his view viable?
  31.    ringer2 reacted to a post in a topic: Ashton Kutcher - Where are they now??
  32. ringer2
    That escrow can last a long time. Maybe 10 years or more at the current pace. But it will and does affect price, despite all those who have denied that on here for over a year.
  33. ringer2
    Your two statements are contradictory. As long is crypto is so volatile, it can’t be perceived as a safe haven.
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