Crypto31
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Crypto31 reacted to a post in a topic:
Whats the downside to locking up XRP on Crypto.com to earn interest?
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Yeah, agreed. In poker and investing you have to remain unemotional. You have to "play the odds" and make the decision that is best, knowing that you might lose in the short term. It's consistently making the right choices over a long period of time that eventually equate to success. Expecting an investment to take off immediately is unreasonable. I'm sure most of Warren Buffet's investments took years to show significant gains. You have to hold knowing the underlying value is there. That is normal for any good investment.
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Dude they are selling in order to fund their company. Ripple probably has overhead in excess of $10 million per month in salaries alone. In theory it's all worth it, as they support the expansion of the XRP ecosystem. If it works they will look like geniuses, having used an asset that they created to raise huge funds without dilluting their equity.
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XRP NAME MEANING and should it be changed
Crypto31 replied to XRPstrong's topic in General Discussion
Sorry, I came up with it at least 7 months ago...😁 -
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XRP NAME MEANING and should it be changed
Crypto31 replied to XRPstrong's topic in General Discussion
Xtra Rapid Payments Xtremely Rapid Payment Xtreme Remittance Protocol -
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On December 27th, 2019 it will be $2.17. On January 3rd, 2020 it will be $7.14. I literally have a time machine. I can say that and not be bothered because you all think I'm joking.
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When you post articles on the Internet, you're inviting people to critique them. No one is perfect and neither are your articles. If you can't handle honest questions and criticisms of your work, that's your problem.
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Huh? I'm not attempting a straw man argument. I'm asking you to explain YOUR statement: "XRP is a pressure cooker of pent-up demand from its utility-driven value!" Why is the demand "pent-up"? That's what I meant by saying it was un-met ... the definition of "pent-up" is that it is being suppressed. Again, I simply asked "What demand are you referring to and why/how would it be unmet" or "pent-up"? I'm simply asking for you to clarify/explain your own statement. Why does that upset you?
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"Pent-up demand"? What demand are you referring to and why/how would it be unmet?
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Isn't XRP a stable coin? It seems like it's been at around 30 cents for months now.
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It’s about the Valuation, stupid!!!
Crypto31 replied to GoodTimesRoll's topic in XRP Trading And Price Speculation's Topics
Gold has a market cap of $7 trillion. Do we compare it to Apple? No, and comparing digital assets to companies on the stock market is apples to oranges. If you want a closer valuation model look at gold or silver. -
It would help explain why CB just suddenly and seemingly randomly added XRP to their paltform.
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This is an important point. That aspect is really annoying, even when you aren't in a huge rush. For that reason alone I think a Nano or similar device is better. If the market goes insane and you want to sell some of your coins, waiting 48+ hours could be a huge problem.
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As long as you trust Coinbase to handle your money, I think it's a good option. "98% of digital currency is stored totally offline, in geographically distributed safe deposit boxes and physical vaults." It is similar to having a safety deposit box at a bank. As long as it's a good bank, that's generally safer than trying to store things at your house. Although for some people they would rather keep it in their own house in a floor safe or something. Keeping it on a Nano or other device is still probably safer than Coinbase cold storage. But there is the risk that you lose/forget your private keys or you die and no one knows how to access your coins. It might be easier to access them through Coinbase. Either way people should essentially write a will with instructions on how to access the crypto and it should be kept somewhere secure. But overall I think both are good options.
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Notice my last sentence: "But I suppose if they did they would likely not share it unless you were willing to pay a good amount for it." I was mostly asking if someone on this board happened to be involved with it themselves and then if so I would later ask if they'd be willing to sell the bot to others. But thanks for the reply.
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Oh, yeah, the whole buy on one exchange and sell on another has never seemed like a good idea to me long term. I was thinking more along the lines of a bot that can recognize the patterns and buy and sell at the appropriate times. Basically assuming that everything sort of follows BTC for now and exploit that. Or find patterns somewhere else. I know there are people that claim to have working trading bots but I'm not sure if they actually do have profitable ones. But I suppose if they did they would likely not share it unless you were willing to pay a good amount for it.
