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ringer2

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  1. Haha
    ringer2 reacted to LetHerRip in New Predication Game for 2020, Lets keep this tradition going guys   
    Reality hits like a bag of bricks
  2. Like
    ringer2 reacted to AlejoMoreno in Epic Pennant on BTC Chart   
    I see your counter argument. XRP has done nothing but drawdown, lower, over and over again. I can’t say with a straight face that I think it would go up; especially at an event that has nothing to do with XRP.
  3. Haha
    ringer2 reacted to manamana in The POWER of Ripple's escorws if XRP will be adopted.   
    @JoelKatz This is a serious question we need answers.
  4. Haha
  5. Sad
    ringer2 got a reaction from EcneitapLatnem in The POWER of Ripple's escorws if XRP will be adopted.   
    And as it diminishes, it’ll push the price even lower. 
  6. Haha
    ringer2 reacted to Flintstone in The POWER of Ripple's escorws if XRP will be adopted.   
    If Ripple is successful and captures a large chunk of cross border volume, there may not be much of the Escrow left.
    Imagine our local pessimists here are correct and this bear market continues on its downward trajectory for the next few years. XRP sitting at $0.01 all the while new corridors are opening, new customers adopting ODL and volume growing. $10 million dollar would buy you 1 billion XRP.
    That Escrow would soon diminish under those circumstances.
  7. Like
    ringer2 reacted to nakedzzrp in The POWER of Ripple's escorws if XRP will be adopted.   
    He's not gonna reply, he dumped his bags long time ago
  8. Like
    ringer2 reacted to nakedzzrp in Charting the course of XRP   
    The only reason xrp was at ATH is due to bitcoin and manipulation. ATH should be looked at as a ceiling price not a floor price. Saying xrp is now cheap because its low compared to ATH is just delusional.
  9. Like
    ringer2 got a reaction from XRPboi in The POWER of Ripple's escorws if XRP will be adopted.   
    Except there is no such thing as a neutral third party. 
  10. Like
    ringer2 got a reaction from XRPboi in The POWER of Ripple's escorws if XRP will be adopted.   
    So you think foreign governments would never allow a private company to have that much power over their economy, but you think they’ll be cool with the SEC having that same power? 🙄
  11. Thanks
    ringer2 reacted to xerxesramesepolybius in Does anyone in real world care about XRP and cryptocurrency   
    I didn’t say the Treasury has a lack of faith in Coinbase, i said he probably left Coinbase because he has a lack of faith in Coinbase.
    Every central bank is continually talking about CDBC or tokenisation so they will probably find his experience useful.
    but come on guys when people leave an employer it is generally because they have a lack of faith in them, whether faith in their personal prospects or of the company’s prospects.
    whenever someone leaves crypto to go back to the conventional world too many people go “whoo hooo - crypto fans are taking over” by err leaving crypto.
    unless of course they were working for Ripple in which case people tend to say they were never any good anyway.
    Am I wrong?
  12. Like
    ringer2 reacted to xerxesramesepolybius in Does anyone in real world care about XRP and cryptocurrency   
    Interesting but I am not sure how much to read into this. He was at Coinbase for a year and a half but before that had many years in conventional finance including 4 ar Fannie Mae.
    i suspect this move is because of a lack of faith in Coinbase.
     
  13. Like
    ringer2 reacted to xerxesramesepolybius in Does anyone in real world care about XRP and cryptocurrency   
    This not be meant to be FUD but really after two years of crypto winter, the current financial/health crisis the financial sector, regulators, institutional investors all have other things on their mind and crypto is clearly not an alternative to gold in times of trouble. 
  14. Like
    ringer2 reacted to jbjnr in Preallocation, debt and voluntary confiscation   
    But where will they get this 8% from? I think @Grendel touched on the answer in his reply too - traditional investments that provide a yield are where the money has always gone - why should this change. Stablecoins are - well - stable - even if backed by currencies or securities (libra?) that appreciate in value, they can't generate 8% indefinitely - unless there's a ponzi scheme somewhere (BTC). I suppose you are implying that all the money going into these yield bearing opportunities is going to be going into tokenized versions of those yield bearing items and this is where the drive in the market will come from.
    When the conversation flips back to xrp, then I _can_ see it as an investment in this category, but not at a rate of 8% - if money markets take your tokens and pay you interest on them, they are making the %8 by using your tokens as an exchange medium and they earn on the spread (but at a low rate) - this gives the token true 'value' in the traditional sense, and part of the spread that is earned by the markets goes into pushing up the price - in this way xrp becomes a true commodity and an appreciating asset (at least until the market saturates). For other tokens - I don't see the mechanism that gives them underlying value and if the 8% is coming from the underlying tokenized asset yields, then nothing has really changed - or has it?
  15. Like
    ringer2 reacted to Grendel in Preallocation, debt and voluntary confiscation   
    This will be an interesting issue, for sure.
    First, thanks for the heads up on Nexo - I didn't know anything about them until your post (and it makes me wonder if you're not in sales for them). I will do my due diligence and consider an investment accordingly - always looking for a good ROI. Also, thanks for your post: as others have stated, I will reread and ponder some of what you posted.
    That said, second, you will need many more companies offering (and actually consistently delivering,  for long periods of time!) these kinds of returns to start "poaching" bank customers. Most bank customers don't have the kind of money to make any percent of interest worth moving money to this kind of account. I mean, 15 years ago, when I was lucky to keep $1500 floating in a bank account over the course of a year, do you really think I would've given a thought to the $120 of interest I might have earned over the course of a year? Probably not. On the other hand, bank customers that do have amounts of capital (think money market) that are looking for steady returns can easily shift them to other staid avenues of revenue. For instance, I can easily get 5-6% dividends from the largest energy companies in the world. In the face of decreasing interest rates, I can easily invest in REITs, preferred or not, that can yield nearly as much (or more) under greater regulation and with significantly less risk. Hell, I can just buy real property...and in a negative interest rate environment, essentially get paid to do it. All I'm saying is that the crypto space is young...and it has a lot to prove.
  16. Haha
    ringer2 reacted to quan in Dear Ripple, please make this fact public   
    Why don't you go chase the dingo that ate both your xrp and half of your brain? 
  17. Like
    ringer2 got a reaction from LetHerRip in The POWER of Ripple's escorws if XRP will be adopted.   
    So you think foreign governments would never allow a private company to have that much power over their economy, but you think they’ll be cool with the SEC having that same power? 🙄
  18. Like
    ringer2 got a reaction from Ryyy20 in The POWER of Ripple's escorws if XRP will be adopted.   
    This question is so 2018. Do people even believe in this standard nonsense any more? What did it even mean in the first place?
  19. Haha
    ringer2 reacted to Caracappa in The POWER of Ripple's escorws if XRP will be adopted.   
    They can send the escrow to me. I'll take a small 1% fund management and 0,5% transaction fee for Central Banks.
    I don't discriminate different countries. Except for Iceland, they are on their own.
  20. Like
    ringer2 got a reaction from Caracappa in The POWER of Ripple's escorws if XRP will be adopted.   
    So you think foreign governments would never allow a private company to have that much power over their economy, but you think they’ll be cool with the SEC having that same power? 🙄
  21. Haha
    ringer2 reacted to manamana in The POWER of Ripple's escorws if XRP will be adopted.   
    You know what I think?
    We will have hyperinflation soon and Gold Silver, Crypto, will go up in value. yea maybe a cup of coffe will cost 10,000$
    The thing is, Ripple will have their escrows, I think they will become kinda like the IMF or maybe the IMF will just absorb Ripple.. and thats it..
     
    With any other crypto this thing cant happen. I only see Ripple.
     
    And I think hyperinflation is for sure. first Deflation then Hyperinflation.
     
    After this happen will they bring the old system? Or will they bring us the new system?, if they bring us the new system, tell me other cryptocurrency besides XRP
  22. Like
    ringer2 got a reaction from Cesar1810 in The POWER of Ripple's escorws if XRP will be adopted.   
    This question is so 2018. Do people even believe in this standard nonsense any more? What did it even mean in the first place?
  23. Like
    ringer2 got a reaction from LetHerRip in The POWER of Ripple's escorws if XRP will be adopted.   
    This question is so 2018. Do people even believe in this standard nonsense any more? What did it even mean in the first place?
  24. Like
    ringer2 reacted to Viggo in Who is buying the dips?   
    Down 80K, not buying anything any time soon! 
  25. Like
    ringer2 got a reaction from LetHerRip in Who is buying the dips?   
    Oh, ok. 
     
    You apparently had not followed me from the beginning. Because those who did know that I presented quite detailed arguments. Not charts, because I don’t chart. But sound market-based reasons. I finally gave up because people here ignored them while they sucked on hopium pipes. 
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