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wogojump

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About wogojump

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  1. I had to block Tiny Account in the past. He goes on tangents spamming off topic nonsense.
  2. When looking at the earliest saved page on way back time machine (may 2017) it looks like Susan and Gene were on the board at this time: https://web.archive.org/web/20170518024151/https://ripple.com/company/. They are supposed to have expertise in economics, but allowed Ripple to continue a strategy of mass selling XRP (including giving XRP to partners to sell) during a bear market. In this same time frame, XRP had over a 95% trading value decrease from the 2 year high to the 2 year low. We do not have direct insight into the board meeting notes, so we can not be sure if they provided recommendations and the other board members voted against them. Either way, this is bad economics. Yes it is true, that mistakes like giving founders such large amounts of XRP probably occurred before most of the current board members were involved. There are actions taken place in the last few years that I would expect competent economic advisers to recommend against. For example, reducing sales of XRP much sooner (starting early 2018), when you are seeing a trend of XRP price decrease to ~95%.
  3. Sorry buddy, demand is constantly impacted by market sentiment. See the determinants of demand: https://en.m.wikipedia.org/wiki/Supply_and_demand.
  4. Your response is based on nonsense. I would recommend for you to review standard economic factors, like long-run vs. short-run impacts: https://opentextbc.ca/principlesofeconomics/chapter/5-3-elasticity-and-pricing/.
  5. Ripple's and Jed's sales were not the only problem, but were part of the problem. Over selling (aka increasing supply) during a bear market, will cause prices to crash. The market sentiment confidence in XRP is still low from the crash. For example, look how many people are still voicing their mistrust in Ripple and XRP. These people are much more likely to sell their holdings of XRP, rather than buy additional XRP. Lastly, impacts from XRP sales are more likely to be visible 3-6 months after changes are put into place. These strategies won't have major impacts overnight. Starting in 2020 we have seen prices level out. Next 3 months will provide more evidence of the true impacts of the sales strategy changes in 2019 impacting XRP trading value.
  6. Yes, they have strong qualifications, but you have to remember they are not perfect. They have already shown to have a lack of foresight and/or oversight to fully control Ripple's actions that negatively impact XRP's price. Please see the article below explaining a mistake of XRP sales. This was a reactive measure taken after community backlash and negative consequences occurred because of mismanagement of the supply and demand of XRP. https://ripple.com/insights/q2-2019-xrp-markets-report/?
  7. Yes, he has a valid point. Both stocks and cryptoccurency share similar fundamentals of supply and demand, which is relevant to his point. Also one of the advantages for investors putting their money into to stock securities, is the companies have to disclose details on their largest shareholders. This is an advantage for investors buying stocks, that currently does not exist in regulations or laws within the cryptocurrency industry.
  8. Nice job. Keep on keeping on.
  9. Many of the points are valid. A few are out of touch of reality. Noting ripple had "zero" impact on XRP price falling, is nonsense. Such a large stakeholder group (including their employees) selling billions of XRP and having control over developmental aspects will have some type of impact. Then shifting all the blame on whales, is ridiculous. Yes, we all know there are whale groups intentionally organizing pump and dump initiatives. Whales have little impact on the majority of the XRP holders becoming more frustrated and untrusting of Ripple. When people pull their money out of XRP because they are frustrated with Ripple's actions, this proves the Ripple had "zero" impact theory to be false.
  10. I sent a request on the Coil website to see if they can share this information. Businesses typically will not publicly share this information, unless they hit a sufficient target that they feel is beneficial to share. I will forward these numbers if Coil shares.
  11. Can you provide the numbers on growth for both creators and subscribers? For example numbers at start of 2019 vs. start of 2020?
  12. If this is a fact, please please provide the survey data that was used to back up this fact. This statistic is significantly larger than what I am seeing compared to other survey results. For example: https://digiday.com/media/cheatsheet-state-paying-news/. I am seeing this other article from the organization: https://www.americanpressinstitute.org/publications/reports/survey-research/who-pays-for-news/. One of my questions would be if there was sampling bias used for this survey. For example, people chosen to survey that already have a higher interest in news as compared to to the overall US population. Another question would be them mentioning other areas like magazines, TV, and Radio. Not everyone who uses these services intends to consume news, many just want entertainment. Are they including these people in their 53% of adults in US are paying for news?
  13. A couple of issues with your post: 1. It is good advice to now worry and focus on the prices. Unfortunately, your posts have no impact on stakeholders in the community. If people feel upset based on actions taken by Ripple, they have the right and will continue to voice their concerns via different discussion forms. When people have these concerns you realistically have a few options: Avoid those forms of discussion/mute people or push Ripple to correct the actions causing those concerns. Otherwise, your last option is to accept listening to people voice their concerns. 2. You mentioned they are embarrassing themselves... How do you know this, did everyone tell you they are feeling embarrassed? You can not feel embarrassment on behalf of someone else. The closest to this is vicarious embarrassment or second hand embarrassment. 3. Avoiding using long run on sentences may be more effective when trying to convince people to believe differently.
  14. This is false. See J.P Morgan coin here: https://hedgetrade.com/jpm-coin-vs-xrp/. What major differences are you going to point out? J.P. Morgan has a more established leadership team, their digital asset is less volatile, or they don't have a large retail investor group pissed at them? That still makes them a competitor, just with an advantage. J.P. Morgan is currently trialing and targeting to deploy next year, which will be part of the 2020 digital assets with the top 20 banks. Another false statement. You tried to over simplify a topic and ended up being wrong. The success of cryptocurrencies are based on more than just the crypto market following bitcoin. There are other factors that come into play. Example: See cryptocurrency scenarios where popularity and price increase that do no correlate with Bitcoin. There are many scenarios where this correlation is not similar, including inverse relationships. Examples can be provided if you need.
  15. I would recommend to not dream on these exceptions. Below are a few points to consider: Brad's prediction is based on all types of digital assets. Not just the XRP asset. Many of the other digital assets will not have any direct impact on XRP. Some may even have a negative impact on XRP. For example if another digital asset is more successful and becomes a competitor (example J.P. Morgan coin). Investors holding XRP in the last 2 years, will be the worst investment for most XRP holders. The asset depreciated 95% of its all time high in the last 2 years. There are good chances this trend will continue. XRP prices tanked from multiple factors, including: Bear market and Ripple selling XRP on open market. In regards to Ripple selling XRP, many of their contracts are already in place to continue selling XRP in the next few years. It is not a question of if, but a question on when Ripple will re-increase their rate of sales. Ask yourself how will XRP prices spike again? From new investors- Retail investors are burned out and have minimal trust in Ripple and XRP. Do we have any evidence of Institutions mass buying XRP in the short term? Rather than dreaming of XRP to hit a price point, why not focus your money at this time into other investment opportunities with better track records of return on investment? Like stock market or real estate. For example S&P index funds have a long track record on average ~7% annual return rates. Competent real estate investors have been able to get returns closer to 10-20%. These alternate investment opportunities have made more millionaires as compared to cryptocurrency.
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