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Howard26

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  1. Like
    Howard26 got a reaction from Coinr in Ripple to move+   
    Anyone seeing a move on the horizon? 
    I think we're up 7-9 cents by thursday.
     
  2. Like
    Howard26 got a reaction from xh3b4sd in Joelkatz a question if you have time   
    There's a ton of speculation all over the net on whether a high price or low price is an advantage or ripple & banking.
    I would think the higher the value of xrp the better period. 
    If I was a financial institution I would definitely prefer the company who's valuation is as high as possible, and who's method of transfer is most secure & able to cover any loss that might occur when I use their service. In essence a company that is capable of self insuring the transaction, if for instance their insurance provider refused to cover it. 
    Consider xrp at a $1 valuation (38 billion $ and change) or $100 billion $ all in. Sure theres some liquidity there at $38 billion.. But with say $500 billion / day moving through a day or more $1 xrp doesn't come close. 
    Might not be how they plan to use it exactly, but if xrp reaches a $50 valuation wouldn't it just provide more security to financial institutions? Even indirectly? 
    Ripple could use multiples of 100x, 1000x, and so on so I just do not see why there'd be any benefit for anyone to keep the price of xrp low. 
    Also on stability of xrp - shouldn't matter one bit, as they could use a particular metric to adjust based on the current valuation to the second, even provide a safety net of a partial percent to allow for any change in xrp value during the (3-8) seconds it takes to send a transfer. 
    Think about how they move fiat currency that takes days, if they can do that successfully and have both parties happy on both ends with exchange rates,  I'm sure ripple can accomplish the same in a few seconds!! 
    Bank I sends $100,000,000 to bank II using the RIPPLE protocol, xrp is the representative currency that is used.. if xrp was valued at $26.21 at the time of execution but over the 8 seconds it takes to complete it's value jumps to $28.11 is there any reason an adjustment couldn't be sent, and any remaining balance left just be returned or other.. 
    I'm not a banker, but seems like there must be multiple ways to accomplish this in a satisfactory way for all parties. 
    Back to my original question - what's preventing ripple from becoming THE currency for trading and transferring to and from fiat, and other cryptocurrency?
    Right now if we want to sell some dgb for example to use those to buy eth or any other we have to sell into bitcoin first, and then buy eth or whatever crypto. 
    Same thing when you want to just buy xrp, most places you have to buy bitcoin and transfer it to an exchange that has ripple where you can then trade for xrp or others.. paying big fees, and wasting valuable time.
    Time which often costs far more than just bitcoin fee because in the hour to 8 hours it often takes for your bitcoin transfer the crypto you were hoping to invest in just shot up 15+%.. or worse!
    If xrp provided the exact same service, even for 50% of the cost, but saved 99% of the time bitcoin would have taken I know for a fact everyone is going to choose xrp! 
    Any reason this isn't happening? I believe this is where ripple / xrp would be most effective, and it would become a powerhouse in the industry..
    Maybe bitcoin fees are so high because the exchanges get a % we aren't aware of? This would keep bitcoin in this position possibly. Or maybe not.. I'm just speculating but would like to know if someone can answer.. 
     
     
  3. Like
    Howard26 got a reaction from IAMGROOT in Joelkatz a question if you have time   
    There's a ton of speculation all over the net on whether a high price or low price is an advantage or ripple & banking.
    I would think the higher the value of xrp the better period. 
    If I was a financial institution I would definitely prefer the company who's valuation is as high as possible, and who's method of transfer is most secure & able to cover any loss that might occur when I use their service. In essence a company that is capable of self insuring the transaction, if for instance their insurance provider refused to cover it. 
    Consider xrp at a $1 valuation (38 billion $ and change) or $100 billion $ all in. Sure theres some liquidity there at $38 billion.. But with say $500 billion / day moving through a day or more $1 xrp doesn't come close. 
    Might not be how they plan to use it exactly, but if xrp reaches a $50 valuation wouldn't it just provide more security to financial institutions? Even indirectly? 
    Ripple could use multiples of 100x, 1000x, and so on so I just do not see why there'd be any benefit for anyone to keep the price of xrp low. 
    Also on stability of xrp - shouldn't matter one bit, as they could use a particular metric to adjust based on the current valuation to the second, even provide a safety net of a partial percent to allow for any change in xrp value during the (3-8) seconds it takes to send a transfer. 
    Think about how they move fiat currency that takes days, if they can do that successfully and have both parties happy on both ends with exchange rates,  I'm sure ripple can accomplish the same in a few seconds!! 
    Bank I sends $100,000,000 to bank II using the RIPPLE protocol, xrp is the representative currency that is used.. if xrp was valued at $26.21 at the time of execution but over the 8 seconds it takes to complete it's value jumps to $28.11 is there any reason an adjustment couldn't be sent, and any remaining balance left just be returned or other.. 
    I'm not a banker, but seems like there must be multiple ways to accomplish this in a satisfactory way for all parties. 
    Back to my original question - what's preventing ripple from becoming THE currency for trading and transferring to and from fiat, and other cryptocurrency?
    Right now if we want to sell some dgb for example to use those to buy eth or any other we have to sell into bitcoin first, and then buy eth or whatever crypto. 
    Same thing when you want to just buy xrp, most places you have to buy bitcoin and transfer it to an exchange that has ripple where you can then trade for xrp or others.. paying big fees, and wasting valuable time.
    Time which often costs far more than just bitcoin fee because in the hour to 8 hours it often takes for your bitcoin transfer the crypto you were hoping to invest in just shot up 15+%.. or worse!
    If xrp provided the exact same service, even for 50% of the cost, but saved 99% of the time bitcoin would have taken I know for a fact everyone is going to choose xrp! 
    Any reason this isn't happening? I believe this is where ripple / xrp would be most effective, and it would become a powerhouse in the industry..
    Maybe bitcoin fees are so high because the exchanges get a % we aren't aware of? This would keep bitcoin in this position possibly. Or maybe not.. I'm just speculating but would like to know if someone can answer.. 
     
     
  4. Like
    Howard26 got a reaction from CyberpunkWayne in Joelkatz a question if you have time   
    There's a ton of speculation all over the net on whether a high price or low price is an advantage or ripple & banking.
    I would think the higher the value of xrp the better period. 
    If I was a financial institution I would definitely prefer the company who's valuation is as high as possible, and who's method of transfer is most secure & able to cover any loss that might occur when I use their service. In essence a company that is capable of self insuring the transaction, if for instance their insurance provider refused to cover it. 
    Consider xrp at a $1 valuation (38 billion $ and change) or $100 billion $ all in. Sure theres some liquidity there at $38 billion.. But with say $500 billion / day moving through a day or more $1 xrp doesn't come close. 
    Might not be how they plan to use it exactly, but if xrp reaches a $50 valuation wouldn't it just provide more security to financial institutions? Even indirectly? 
    Ripple could use multiples of 100x, 1000x, and so on so I just do not see why there'd be any benefit for anyone to keep the price of xrp low. 
    Also on stability of xrp - shouldn't matter one bit, as they could use a particular metric to adjust based on the current valuation to the second, even provide a safety net of a partial percent to allow for any change in xrp value during the (3-8) seconds it takes to send a transfer. 
    Think about how they move fiat currency that takes days, if they can do that successfully and have both parties happy on both ends with exchange rates,  I'm sure ripple can accomplish the same in a few seconds!! 
    Bank I sends $100,000,000 to bank II using the RIPPLE protocol, xrp is the representative currency that is used.. if xrp was valued at $26.21 at the time of execution but over the 8 seconds it takes to complete it's value jumps to $28.11 is there any reason an adjustment couldn't be sent, and any remaining balance left just be returned or other.. 
    I'm not a banker, but seems like there must be multiple ways to accomplish this in a satisfactory way for all parties. 
    Back to my original question - what's preventing ripple from becoming THE currency for trading and transferring to and from fiat, and other cryptocurrency?
    Right now if we want to sell some dgb for example to use those to buy eth or any other we have to sell into bitcoin first, and then buy eth or whatever crypto. 
    Same thing when you want to just buy xrp, most places you have to buy bitcoin and transfer it to an exchange that has ripple where you can then trade for xrp or others.. paying big fees, and wasting valuable time.
    Time which often costs far more than just bitcoin fee because in the hour to 8 hours it often takes for your bitcoin transfer the crypto you were hoping to invest in just shot up 15+%.. or worse!
    If xrp provided the exact same service, even for 50% of the cost, but saved 99% of the time bitcoin would have taken I know for a fact everyone is going to choose xrp! 
    Any reason this isn't happening? I believe this is where ripple / xrp would be most effective, and it would become a powerhouse in the industry..
    Maybe bitcoin fees are so high because the exchanges get a % we aren't aware of? This would keep bitcoin in this position possibly. Or maybe not.. I'm just speculating but would like to know if someone can answer.. 
     
     
  5. Like
    Howard26 got a reaction from CyberpunkWayne in Joelkatz a question if you have time   
    Possible that ripple could strike a deal with exchanges to enable all trading pairs / xrp? 
    This would save everyone a fortune not HAVING to go through bitcoin every time. 
    If you guys even made this possible on one or two exchanges, you would take over the entire market. 
    Kraken recently enabled xrp/fiat, so they must see potential I would think, but whichever exchange decides to move away from bitcoin and into xrp where the time & cost are far lower would completely corner the market. 
    Who wouldn't want to eliminate long waits, and high fees? 
    Any reason we havet seen this change?
    Thanks
     
  6. Like
    Howard26 got a reaction from baggy23 in Joelkatz a question if you have time   
    Possible that ripple could strike a deal with exchanges to enable all trading pairs / xrp? 
    This would save everyone a fortune not HAVING to go through bitcoin every time. 
    If you guys even made this possible on one or two exchanges, you would take over the entire market. 
    Kraken recently enabled xrp/fiat, so they must see potential I would think, but whichever exchange decides to move away from bitcoin and into xrp where the time & cost are far lower would completely corner the market. 
    Who wouldn't want to eliminate long waits, and high fees? 
    Any reason we havet seen this change?
    Thanks
     
  7. Like
    Howard26 got a reaction from Kiir in Joelkatz a question if you have time   
    There's a ton of speculation all over the net on whether a high price or low price is an advantage or ripple & banking.
    I would think the higher the value of xrp the better period. 
    If I was a financial institution I would definitely prefer the company who's valuation is as high as possible, and who's method of transfer is most secure & able to cover any loss that might occur when I use their service. In essence a company that is capable of self insuring the transaction, if for instance their insurance provider refused to cover it. 
    Consider xrp at a $1 valuation (38 billion $ and change) or $100 billion $ all in. Sure theres some liquidity there at $38 billion.. But with say $500 billion / day moving through a day or more $1 xrp doesn't come close. 
    Might not be how they plan to use it exactly, but if xrp reaches a $50 valuation wouldn't it just provide more security to financial institutions? Even indirectly? 
    Ripple could use multiples of 100x, 1000x, and so on so I just do not see why there'd be any benefit for anyone to keep the price of xrp low. 
    Also on stability of xrp - shouldn't matter one bit, as they could use a particular metric to adjust based on the current valuation to the second, even provide a safety net of a partial percent to allow for any change in xrp value during the (3-8) seconds it takes to send a transfer. 
    Think about how they move fiat currency that takes days, if they can do that successfully and have both parties happy on both ends with exchange rates,  I'm sure ripple can accomplish the same in a few seconds!! 
    Bank I sends $100,000,000 to bank II using the RIPPLE protocol, xrp is the representative currency that is used.. if xrp was valued at $26.21 at the time of execution but over the 8 seconds it takes to complete it's value jumps to $28.11 is there any reason an adjustment couldn't be sent, and any remaining balance left just be returned or other.. 
    I'm not a banker, but seems like there must be multiple ways to accomplish this in a satisfactory way for all parties. 
    Back to my original question - what's preventing ripple from becoming THE currency for trading and transferring to and from fiat, and other cryptocurrency?
    Right now if we want to sell some dgb for example to use those to buy eth or any other we have to sell into bitcoin first, and then buy eth or whatever crypto. 
    Same thing when you want to just buy xrp, most places you have to buy bitcoin and transfer it to an exchange that has ripple where you can then trade for xrp or others.. paying big fees, and wasting valuable time.
    Time which often costs far more than just bitcoin fee because in the hour to 8 hours it often takes for your bitcoin transfer the crypto you were hoping to invest in just shot up 15+%.. or worse!
    If xrp provided the exact same service, even for 50% of the cost, but saved 99% of the time bitcoin would have taken I know for a fact everyone is going to choose xrp! 
    Any reason this isn't happening? I believe this is where ripple / xrp would be most effective, and it would become a powerhouse in the industry..
    Maybe bitcoin fees are so high because the exchanges get a % we aren't aware of? This would keep bitcoin in this position possibly. Or maybe not.. I'm just speculating but would like to know if someone can answer.. 
     
     
  8. Like
    Howard26 got a reaction from Hodor in Joelkatz a question if you have time   
    Possible that ripple could strike a deal with exchanges to enable all trading pairs / xrp? 
    This would save everyone a fortune not HAVING to go through bitcoin every time. 
    If you guys even made this possible on one or two exchanges, you would take over the entire market. 
    Kraken recently enabled xrp/fiat, so they must see potential I would think, but whichever exchange decides to move away from bitcoin and into xrp where the time & cost are far lower would completely corner the market. 
    Who wouldn't want to eliminate long waits, and high fees? 
    Any reason we havet seen this change?
    Thanks
     
  9. Like
    Howard26 got a reaction from Jun in XRP Price by the end of June?   
    Might be more than a day, but in a short amount of time xrp will reach a new high. Probably as all the eth news dies down. Maybe even tomorrow when we see a big sell off of eth, to all the Chinese that buy it when huobi starts eth trading tomorrow. 
     
  10. Like
    Howard26 reacted to CryptoManiac in XRP Price by the end of June?   
    June 1 begin all the conferences and what is interesting is that almost every time there is any news that says Ripple or xrp in the title, price jumps
  11. Like
    Howard26 got a reaction from Kylo Ren in Joelkatz a question if you have time   
    Possible that ripple could strike a deal with exchanges to enable all trading pairs / xrp? 
    This would save everyone a fortune not HAVING to go through bitcoin every time. 
    If you guys even made this possible on one or two exchanges, you would take over the entire market. 
    Kraken recently enabled xrp/fiat, so they must see potential I would think, but whichever exchange decides to move away from bitcoin and into xrp where the time & cost are far lower would completely corner the market. 
    Who wouldn't want to eliminate long waits, and high fees? 
    Any reason we havet seen this change?
    Thanks
     
  12. Like
    Howard26 reacted to CryptoManiac in XRP Price by the end of June?   
    Only 1 more day left before the reverse comes, gotta get me some more ripple loll
  13. Like
    Howard26 got a reaction from Coroneus in Only a test.....   
    Speculation on my part but I really think we are about to see a much higher high for xrp and others on the market. Sooner than we think.
    Traditional forecast, is about to go out the window! 
    It will commence with the next down turn of the traditional stock market. 
    Will become commonplace for traders to move back and forth from the stock market into crypto and vice versa. 
    The last 80+billion $ high in the cryptocurrency market was just a test of potential and rinse and repeat on a similar scale will be the new norm.
    In my opinion xrp will continue to gain market share likely challenging bitcoin for #1. 
    Could be wrong sure, but we will see.
     
  14. Like
    Howard26 got a reaction from xh3b4sd in Only a test.....   
    Speculation on my part but I really think we are about to see a much higher high for xrp and others on the market. Sooner than we think.
    Traditional forecast, is about to go out the window! 
    It will commence with the next down turn of the traditional stock market. 
    Will become commonplace for traders to move back and forth from the stock market into crypto and vice versa. 
    The last 80+billion $ high in the cryptocurrency market was just a test of potential and rinse and repeat on a similar scale will be the new norm.
    In my opinion xrp will continue to gain market share likely challenging bitcoin for #1. 
    Could be wrong sure, but we will see.
     
  15. Like
    Howard26 got a reaction from Jun in Only a test.....   
    Speculation on my part but I really think we are about to see a much higher high for xrp and others on the market. Sooner than we think.
    Traditional forecast, is about to go out the window! 
    It will commence with the next down turn of the traditional stock market. 
    Will become commonplace for traders to move back and forth from the stock market into crypto and vice versa. 
    The last 80+billion $ high in the cryptocurrency market was just a test of potential and rinse and repeat on a similar scale will be the new norm.
    In my opinion xrp will continue to gain market share likely challenging bitcoin for #1. 
    Could be wrong sure, but we will see.
     
  16. Like
    Howard26 got a reaction from Lando in Only a test.....   
    Speculation on my part but I really think we are about to see a much higher high for xrp and others on the market. Sooner than we think.
    Traditional forecast, is about to go out the window! 
    It will commence with the next down turn of the traditional stock market. 
    Will become commonplace for traders to move back and forth from the stock market into crypto and vice versa. 
    The last 80+billion $ high in the cryptocurrency market was just a test of potential and rinse and repeat on a similar scale will be the new norm.
    In my opinion xrp will continue to gain market share likely challenging bitcoin for #1. 
    Could be wrong sure, but we will see.
     
  17. Like
    Howard26 reacted to tulo in Can Ripple be fined?   
    But when I have to pay taxes on gains on XRP, magically they are not virtual anymore 
    I love your arguments...
  18. Like
    Howard26 got a reaction from Darko in Something isn't right?   
    I agree. Its perfectly normal for xrp to go through a correction after reaching incredible highs like it did just days ago. 
    Its just difficult to see how virtually every other crypto including some that have no real use case or true value gained 20-50% over the past week while about 10 billion $ of new investor money enetered the market.. 
    Strange xrp didnt see any of it.. but after speaking with a couple old schoolers in the markets, im convinced xrp is performing as expected. They both expect the same old for xrp, that is a new higher high is on the way.
    Lots to learn in the crypto space, glad to see others like eth, and btc seeing huge gains.. and others.. 
    Im confident now xrp will regain its recent #2 spot on coinmarketcap in the short term.
    Thanks joel for dropping in to share your insights.
     
  19. Like
    Howard26 got a reaction from Wilbur14 in Something isn't right?   
    I definitely have no plans to part with my xrp, and I see it reaching .65-.90 this year for sure. I just have to wonder how it just seems to be moving up then within a few minutes drops back down. 
    Like there's something or someone preventing it from another rally possibly. 
    Then when we see massive investment flow into xrp and it's usual steady & fast gains maybe whoever keeps it down doesn't have the $ ability to compete with so many investors $ flooding in.
    Who knows. Just acts very differently than the rest of the market.
    I'd say we're going to see .50 very soon regardless!
     
  20. Like
    Howard26 got a reaction from Alluvial in Something isn't right?   
    Well said. Right now virtually no one outside the tech world even knows what ripple is, much less the investment opportunity.
    Only thing that will change that, is attention due to potential investment. 
    In the past 2 months ripple is beginning to get traction in the real world finally.. but far more can be done to bring the recognition ripple deserves.
    Price is low right now, great time to invest. 
     
  21. Like
    Howard26 reacted to zerpdigger in Something isn't right?   
    #xrpthestandard -- at first this means in the cryptosphere -- it will have the greatest fiat pairings and liquidity
    then the big boys come to play, and trade what the current market cap is, in total, every hour or so
    that's the kind of money we see on the sidelines waiting to enter the ripple ecosystem and by extension xrp 
  22. Like
    Howard26 got a reaction from E1kpo in Something isn't right?   
    I'm a strong advocate of Ripple, and specifically XRP in terms of investment.
    Have made a huge return on xrp, like many of you. But I have to question how it performs in the market.
    Everyone has come to realize the potential as an investment, and interest in this sense has been gaining virtually non stop but if we pay close attention to it's movement in the market something is off.
    Today for example just about every other cryptocurrency made significant gains, with an average 20-40% for a large number and for the most part they were smooth transitions upward. 
    Almost the entire first page of marketcap was green and then some with the 3-4 billion $ of additional capital added to the market.
    But you'd never know it for xrp. Itd make a slight gain, followed by loss...then up 1 -2 cents, and immediately down by 2-3..
    Sure it had another massive rally last week, and corrected in the 30 cent range which was expected.. But it really appears as though someone or a group of people could be directly influencing the market preventing it from climbing like every other.
    Just when it appears to be moving upward, there's always sell off there to stop it. 
    I don't see this with any other crypto so have to ask the question here. 
    The market gained what 3-4 billion  $ today, I'm supposed to believe xrp saw none of it?
    Considering we all know xrp was in the 40+cent range days ago, I find it difficult to believe it's just casual investors pulling profit right now that's causing this because most would be waiting for the next rally realizing they will gain at least another 15-20% if you go by the last peak.
    Any ideas? 
     
  23. Like
    Howard26 got a reaction from Ivanium in Something isn't right?   
    What I do know is after we get through this period, I suspect we'll see another great rally for xrp! 
     
  24. Like
    Howard26 reacted to Alluvial in Something isn't right?   
    Howard - I'm not sure how long you've been following Ripple and xrp, but I've been following them since around February 2014.  My fellow xrp brethren who have been watching the price of xrp daily since back then can tell you that this type of price action is nothing new.  For an incredible length of time - no matter how good the news was - the price would be stuck in a range of somewhere between .005 and .007.  It might peek below or above that range, but would always come right back.  It was incredibly frustrating. Here's my gut feeling about what was happening and what is happening now.
    Ripple wants banks to adopt the Ripple protocol.  Banks apparently keep saying that if there is going to be a native digital token which is going to serve as a potential intermediary in the conversion of one fiat to another, then they want that native digital currency to be non-volatile in nature.  I believe (although many will likely disagree) that Ripple was eager to oblige these banks by capping any rally that occurred.  By doing so, Ripple was able to say "hey look banks, our xrp token is soooo stable."  The problem is that when the xrp barely budges over time, then no one wants to buy it.  And if no one wants to buy it, then xrp as an intermediary currency has NO chance of succeeding because there will be virtually NO liquidity within the trading pairs of fiats to xrp.  The only way to get liquidity is for people/entities/etc to want to trade into xrp as an INVESTMENT - as its own store of value.  In many ways, it's a catch-22.  Ripple wants xrp stability as a selling point to banks for adopting the Ripple protocol, but if it's always stable, then there's no liquidity!
    I think when Miguel came on board he saw this and realized that Ripple must let the price run - let there be some excitement, and let some of the true and amazing value of xrp be realized.  And there was.  But, periodically, the non-volatile proponents within Ripple would possibly complain and encourage stability in the price.  I feel that it what may be happening now.  There was a run, and then Ripple felt that some price stability was again needed.  That's why even though the other digital currencies are exploding, xrp sits stable, and its stability begins to cause some selling as people want to move to where the action is.  
    In addition to the "stability as a selling point to banks" (not a very good one in my opinion), you also have these banks and FIs making very large OTC purchases of xrp from Ripple.  If the price is all over the place, it may be more difficult to make these sales (which are needed to pay for overhead) because a fair market value of xrp at the time of the sale is less certain.  Have the xrp price generally stable for a while may result in bigger OTC sales.
    I am in the let-in-run camp (not surprisingly, since I own xrp as an investment).  To me, liquidity is MANDATORY for xrp to succeed, and stability results in less liquidity (even though some may not see the nexus between the two).  Banks have to realize that xrp is a digital currency in its infancy.  Of course, it's going to be volatile.  The big runs in price and volatility will attract more investors, which means more liquidity - the very lifeblood of xrp's success.  I'm not even sure I know what the benefits of a stable native digital currency are when the entire transaction takes place in less than 4 seconds.  There's no real exposure to volatile prices in xrp (from what I can see).
    But maybe I'm wrong, and it's all just weak hands?? 
     
  25. Like
    Howard26 got a reaction from Coroneus in Something isn't right?   
    If what I'm asking can be explained it would be helpful to have comparative examples in other cryptos.
    Thanks
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