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madToo

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About madToo

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  1. Well done @xrpmeplease and @tar for discussing politics respectfully. Interesting discussion.
  2. My best advice is what not to do. Dont chase the pumps. I have seen way too many people do that and lose out every time. I personally believe all the options you listed will raise in price with BTC being the safest bet, but also with lower potential. The generally accepted practice in any investment strategy is diversification. Which is what I'd advise anyone who asked me. Although I am 90% XRP, so obviously have problems following my own advice I have no credentials to back up the advice, just observing the market for the last 3+ years. The multi year cycles seem to be the most pre
  3. You have every right to disagree. And my example of stocks is is less aligned to my argument than commodities. Although there are worthless stocks that do not make / do anything as well. I also appreciate that a lot of of commodities are market (supply and demand) driven and fit within your definition. But a others are also highly manipulated and / or have intrinsic value just because people have decided they do. This latter category is what I put all digital assets in. Ideologically I mostly agree with you. But the line between investing and gambling is very grey. I believe my
  4. Your knowledge and evaluation of XRP reduces the risk from your perspective which many others do not do. But even then this investment is riskier than what is considered for traditional investments. Although recent events are trying very hard to prove that last sentence wrong I'll also add i have added through the bear market just like you. Because like you I have evaluated the return to be worth the risk.
  5. The difference between investing and gambling is knowledge. Knowledge is used to minimise the risk and maximise the return. What you put money into does not define if it is a gamble, the knowledge of what you put money into defines it. Having knowledge does not remove the risk. But it does help you evaluate if that risk is worth the potential reward. For example putting money into stocks is not without risk, but is considered investing, even when the person 'investing' has no idea about that stock. But in fact this is not investing but gambling when you blindly put money in.to stock
  6. You may be right, but why did you invest? It has always been a high risk high reward investment. It is still high risk. I feel confident with my investment because I am at peace with the risk, yet hopeful for the reward. It feels cycles are repeating, but they may not. It is very rare that you get great reward without feeling its all going to crash at some (even multiple ) points. If no one had doubts, you would already be invested too late.
  7. We have some overlap in our views and some divergence. I appreciate people sharing differences to my views, thank you
  8. Ideologically I have issues re Bitcoin for all the reasons @Julian_Williamsstated. But that being said i am realistic enough to know the best tech is not the winning argument here. Bitcoin has marketability and brand. It will be around and do well for a long time. Drivers of this market are not aligned to coin fanboys, but fanboys will surely be manipulated. The same is true of XRP. the price drivers to date are not utility. Although I do enjoy watching utility grow and succeed. The cycle has started again. Why should we trust that? Institutions are here. They will manipulate the na
  9. From my experience more vocal / passionate members may appear hard-core. But a lot are too emotionally invested to maintain that. The real hard core are the quieter voices who patiently watch and evaluate without getting emotional. Although the real test is not the bear market. It will be not selling emotionally in a bull market.
  10. I will be excited when I exit, so maybe not so different after all
  11. I have been tracking the number of wallets with 200,000 or more. The number has grown by approx. 30% since January. Granted the $ value has reduced since then but its still significant. The rate of increase has been increasing in recent weeks / months. Original Jan post Today it is 8711 accounts.
  12. Thanks @Eric123 I haven't posted in a while but wanted to show appreciation for a quality poster. I still read and appreciate what you do
  13. Hi @investrrr, Welcome to xrpchat. Every one of the responses above is correct. But being new I thought you might want a reason why. Consider the wallet address the same as a postal address. In both cases the item/coins will get to the correct location. Just like physical addresses it may be sent to an address with one person at the location (nano is like this) or to an office building with hundreds of people (a lot of exchanges are like this). In both scenarios the tag is the name/ID of the person who should receive the package. But it only matters when it is sent to
  14. Posting an update because there has been a massive jump in the last couple of days compared to normal. 7,021 as of today. That's 143 more in 18 days. About a 100 more in the last couple of days.
  15. Just checked again and it is 6907. 19 more in 10 days. I won't keep doing updates, just validating my post with evidence.
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