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ringer2

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Posts posted by ringer2


  1. 5 hours ago, Asen4XRP said:

    XRP mentioned in the Federal Register :: Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E)

    https://www.federalregister.gov/documents/2019/12/06/2019-25944/remittance-transfers-under-the-electronic-fund-transfer-act-regulation-e

    https://www.govinfo.gov/content/pkg/FR-2019-12-06/pdf/2019-25944.pdf  (page 11)

    Defines XRP as a virtual currency, Not as a security. This is directly from the Government of USA, dated December 6th 2019.

    That is a legitimate argument. But the government can overturn and release conflicting rulings all the time. 


  2. 5 hours ago, Caracappa said:

    Oh boy... So these are the sources you base your negative sentiment on. You're being informed by cryptoslate. I thought you researched, but you just take tabloid quality sites for real.

    Read the other articles they provide. They, just like you, don't like XRP and Ripple.

    "Why do people think I'm a troll, I don't get it..."

    What are you doing here anyway the price is trending up currently.

    I wasn’t arguing it is a security.  I don’t know and don’t really care.  But the absolute presumption that many in here have that there is no possible way it is doesn’t hold water. 


  3. 3 hours ago, Caracappa said:

    I do not know the exact answer to that (doubt anyone does, too many variables) but price is not the issue perse.

    It has to do with how liquid an exchange is. So how thick the orderbooks are on both the buy and sell side. If a big transfer buys up the entire orderbook making the price fly up to a dollar its going to be a very expensive transfer. So there just need to be a lot of XRP for sale at close to eachother prices.

    A higher price helps. But if the price is 10 dollar and the exchange only has 10.000xrp for sale on the entire buy side it would still be an expensive transfer.

    Thats the reason only relatively small amounts can be transfered at a time currently. After that market makers need some time to rebalance the orderbooks back (giving them a small profit) and the next transfer can be done.

    Exactly. Liquidity is the key to whether XRP is a success or not as a bridge asset, not its price. Slippage is occurring because right now there are often large spreads on the order book. That needs to significantly diminish for Banks to want to take the risk


  4. A gradual and managed increase in the monetary supply, especially in a growing population, is healthy and good for the economy. A predictable and managed rate of inflation is not a problem and actually a good thing. Frankly, I don’t want to live in an economy with a static monetary supply. Welcome to the 9th c. 
     

    You know just enough economics to be dangerous. 


  5. 41 minutes ago, Xill said:

    Yep I have watched many youtube videos. Thanks god we have internet today. Everyone can seek everything. 

    Fiat will soon be gone. Or the internet.  (Fiat vs Crypto)

    So let me just guess all the other things you believe in:

    Bildeberg

    Rothschild

    Q Anon

    BG123

    One world government run by Jews

    Flouride in drinking water as a government plot

    Did I miss any?

     


  6. 45 minutes ago, Xill said:

    You can laugh till tomrrow but it doesnt change the fact that the world need's a digital pegged to gold asset.

    Look at the bigger picture. There is a war between the US and China. The CCP (Communist Party of China) wants to destroy US  economically.

    The CCP takes everything from their citizens, they tell them to love the country more than they love their families. The goal of the CCP is to build Chinese empire.

     

    They fake their economy, They print money and buy gold with it. Than they export the inflation through Hong Kong.

     

    Rumors say they have more gold than the US has.

     

    Now, the way to fix this crazy situation and to defend the US and the West from the crazy CCP is to invent a digital asset which is pegged to the gold price.

    Better now than later. There is no time. The economy worldwide is sick. Now is the ******* time. 

     

    Good video:

     

    "If you look at what your president has done you will notice that he has appointed people into strategic positions within the military, judicial and financial sectors and yes even the FED. He has trapped the FED into a financial vortex in which they cannot escape. Trump knows that in times of desperation the FED will always start to print money because that’s their default position. The banks cannot make money while interest rates are at 0 or negative and if they raise rates trump can blame them for being reckless i.e. buying iou's such as derivatives so the banks turn to the FED the FED then print money and hand it down to the central banks who in turn hand it down to the regional banks. The problem here is the more you print the less your dollar is worth. Say on Monday you can buy a loaf of bread with your dollar print print print overnight then on Tuesday you would need 1 dollar 10 cents because there are more dollars in the system. Trump has been a successful businessman and knows how this all works and has the FED and the banks by the balls. He can blame them at every turn. In effect he is driving the banks and the FED into the ground and over a cliff. Once the collapse happens, he and other world leaders will usher in a new world currency backed by gold and or silver which the people of the world will beg for. Trump saves the day and will go down in history as the best president of all time crushing the banking cabal is the end game" Cromwell 1

    I’m sorry, but claiming the the president is intentionally trying to crush the Fed and banks so he can usher in a world gold currency is kookey and nothing but tin foil. Sounds like something from a q anon video. 


  7. On 1/3/2020 at 6:36 AM, Tinyaccount said:

    Actually @ringer2 I honestly think you should read this quoted post slowly,  and carefully,  and reflect on it.

    I’ve come to the view over time that you are a decent person who is smart and thoughtful.  But your posts don’t look like that at all.  They come off as bombastic and abrasive.

    Perhaps it’s worth adding a bit of explanation and a little bit of ‘in my opinion’ in amongst your prognostications.  I’ve probably offended you with this,  but I mean it as a sincere offer of what I hope is helpful advice.

    In real life I would think these things but probably not say them...  so it’s a bit cowardly of me to be so frank in unsolicited advice from behind a keyboard like this,  but it might do some good.  Or not.

    That’s exactly what I did for a year and a half and got nowhere. I provided reasons and rational arguments - and I wasn’t even bearish, just a cautious bull that realized there was a lot of crazy talk on here. And all I got in response was being told to get my FUD outta here. So I’ve given up trying to give reasoned arguments. I present an idea and let people do with it what they want. 
     

    I strongly believe this is going down to at least .13. 
     

    And remember when I cautioned that competition was going to arise and present challenges? I was basically told, in no uncertain terms, that would not happen. 
     

    Well, https://u.today/ripples-xrp-may-get-serious-rival-utility-settlement-coin-by-ubs-mati-greenspan

    We need to recognize that there is a very real chance the whole ripple/XRP project fails. 


  8. 2 hours ago, Moriarty said:

    So the real question here is... Eoy 2020. Following the trend I'd say 0.025.

    No seriously I think 2020 will kick-start it. I'm looking forward to any announcement ripple or bg will make. 

     

    I have an announcement. XRP will reach .13. 


  9. 3 hours ago, aye-epp said:

    This would be ideal. My only issue is that selling would be considered a taxable event for those who bought in sub .10 

    You’d still come out ahead. And it would be a taxable event for everyone but a tax benefit for those who purchased over .10. 


  10. For the last time, I’m in the top 1% of XRP holders. (Well, not right now because I sold with the intent to buy back in much more cheaply.) I wouldn’t be if I didn’t think there was a good risk worth taking here. But despite what many of you think, it is a risk. I might lose nearly all of my investment. I’m willing to take the risk. 

    And the price is going down, whether you like it or not. I’ve been right about far more on here than the vast majority. 


  11. I’ve been in XRP for over two years. I was never one of the BGs or  permabears in here and caught a ton of flack for it. Now, I thought we’d be at least in the couple dollar range by now. But now I see this quite possibly going sub .10. I’m not getting out but I’m certainly not putting any new money in it. I’ve sold to rebuy as it drops because I still think there is a chance it turns bullish again but i‘m not holding my breath.  


  12. 6 hours ago, Archbob said:

    The same people who perpetrate these theories are the exact same ones that have basically gotten every prediction wrong and still point back to the failed phoenix economist cover whose prediction in 2018 was already a flop.

    Exactly. I mean, who has been more accurate over the last two years? Them or me? 💪


  13. 1 hour ago, minicuzzo said:

    True but you know what's certain? Xrp is the only crypto (out of 3000) used in the real world. In 2-3 years this progress should be reflected in the xrp price. If by then we still follow bitcoin like sheeps this market doesn't deserve to be taken seriously and I will be out. Maybe by then this crazy maxis will take over central banks and governments and dogecoin will hit 100k😂😂😂

    Well, that’s not entirely true. ETH and a few others are currently used. Even CSC will be used shortly. But 1) there is no guarantee that use will continue and 2) there is no guarantee usage does much to price.  

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