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Vesm

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  1. They said that in one year from now XRP will be at $0.0 which is down 90% from now.. I wouldn’t trust their math, lol They have no fundamental analysis backing any of their claim. Just some wide speculations. Kinda like saying that “I think England will win World Cup because they have good fish’n’chip”
  2. It's not. It was lower a couple of years ago It will most likely be lower at some point far, far away in a distant future... haha
  3. Something I've been pondering on for a while, but not yet thought through to a satisfactory degree is this: Let us begin by assuming that there are large xRapid volume on a specific corridor going form Market A --> Market B. By "large volume" I mean volume such that it affects the price. As everyone here understands this will drive the XRP price up for Market A and down for Market B. I think it is fair assumption that the direction of the volume for this corridor does not change direction. For instance that Philippines does not start sending money back to their relatives in Japan, but that the workers in Japan keep sending money back to Philippines. Now to the question: How would you go about to make profits out of this arbitrage? I assume that only through proper arbitrage could the prices on Market A and Market B even out, do you also think this? Do to the arbitrage you would ideally want to buy XRP at Market B and send back to Market A for liquidation. Question is, you would have to get money to Market B without using XRP... My point: I think that xRapid will be good for the entire crypto space. The reasoning is that you need some other digital asset to perform this arbitrage.
  4. If you are asking if it is possible, then yes. The probability of this happening is strictly greater than 0. In fact, it is pretty large. I would say that it's close to 100 percent. But not in anytime soon. We will see a wonderful flourishing ecosystem for XRP, and XRP will reach highs you couldn't dare dream about. But eventually, a better system for transfers will come along and make XRP obsolete. Say in 50-100 years (probably quicker, but you get my point). Then the probability of XRP going to 2 cents is rather high. So if you wish to buy at 2c I suggest you wait a couple of decades
  5. In my opinion it takes time. We need time with many exchanges living on without being hacked or people loosing their funds. Regular people are not willing to risk their hard-earned life-savings on some "shady" crypto exchange like Binance. Yes, we all know that Binance is a good exchange, but I recall the first time I pointed my web browser to binance.com... It looked like some weird gaming website. My initial thought was that I got to some World of Warcraft fan site, and not a serious exchange. And eToro.. the name itself does not exactly spark confidence, haha... Try to find a single exchange that is not built with the aim to satisfy millennial (or built by them...). It's very hard. And if your 40+ and used to trading on eTrade or similar you just don't find these crypto exchanges trustworthy. Especially not the apps (like Uphold, Abra, Coinbase, etc). WE know that Uphold and Coinbase are trustworthy and solid exchanges. What we need is time. Time for existing platforms to prove themselves, and to become well-known household names. I think Binance and Coinbase is getting closer to this. What we really would need would be something similar to Bakkt, which I think will be huge. They get the credibility from start since it's built by the owner of NY Stock Exchange. Common 40+ investors understand this. As time moves on and more and more institutional investors get along, we will also see more serious retail investors enter the space. This is only just the beginning. The first wave(s) was from tech-fantics and Bitcoin-enthusiats. Second wave was from tech-savvy retail investors (majority of which were millennials, male investors in their 30s). Third wave is about to begin and will be sparked by institutional investors. Fourth wave will be from "serious" retail investors. By that time it will be mainstream (I think 4-5 years from now).
  6. Nice! With the J-coin it would only be even quicker to transfer money form/to Japan. Note though, that J-coin (which to me sounds a bit gangsta, haha) is not something that will replace XRP or compete with XRP, it's just a better version of Cash. The reason it won't compete with XRP is that when transferring between two types of fiats (USD-->YEN) there is still a need for an intermediary asset, like XRP. A lot of countries are pursuing the quest for a digital version of their cash. The reason is that this has the potential to give back some monetary control to the central banks. As it stands today, most of the money (M2) is being generated by banks handing out loans. Way back, in the cash-only society, it used to be that it was only the central bank who had the power to create money (by printing it). It is my belief that they are keen on taking back this power. Especially since they are struggling today to raise the interest rates, and raise the inflation to 2%. Some countries that are moving towards this is Japan, Sweden, England, Switzerland, (haven't looked very far, but I'm pretty sure most central banks are aware of this). Next week there will be the yearly summit for central bank governors in the US (at Jackson Hole). They will most likely discuss how to increase the interest rates given by the central banks as well as long-term solutions towards this problem (of having extremely low interest rates from the central banks).
  7. @Snavedog Sounds like you have shorted the XRP with leverage. Have you? Just curious if you put your money where your mouth is...
  8. Not true.. Depends on what you are trying to predict. Is it governed by physical laws? If yes, then obviously the past can be used to derive models of those physical laws and then those can be used to put forth a prediction of what's to come. Most things are governed by physics, in one way or another. But that does not mean that we can predict prices in Crypto. We don't have the proper models for it. So yeah, past behavior of BTC will not predict the price movements. After previous major corrections there has been a run of %1,000 - %2,000. But in past times the interest of the public has not been this great. It has not been these many exchanges, or capacity, nor institutional money. Previously governments would have laughed at the idea of using blockchain tech. Today though, not the case. It's going mainstream. Government agencies and Financial Institutions are aware of the benefit of BC tech. I certain that the next bull-run will be one for the ages and that it will dwarf the previous ones. I'm taking a wild guess and thinking it will be %5,000 for BTC and in the order of %10,000 -- %20,000 for XRP putting BTC at $300,000 and XRP at $30 -- $60.. (wild I know!)
  9. Good contribution @DanB, I like the thoughtfulness that wen't into it, and generally agree with you. Especially the last part about diversifying. If people on XRPChat don't understand that it's a high-risk investment I think they should think again.. It's always good to put things into perspective SEC... I think this can be a really good thing (although it sucks for the XRP investor in the short term..) I think they want to highlight the fact that their companies success is NOT reflected in XRP. Not true. (discussed above...) For the same reason that when a majority of people is going long the prices are going up. When you're shorting you're borrowing an stock with a commitment of buying it later and selling it back, regardless of the price. Awseome!! The capacity of the crypto market today is orders of magnitudes greater than last year. For the next bull-run I don't think people will get stuck on the "getting-verified stage"! Edit: it really is a lost virtue these days to be thinking for oneself.
  10. I think you are wrong in you assumption that the Turkish Lira will affect Europe severely. I also don't think that Turkish citizens will buy XRP... A few years ago there were talks about helping Turkey join the EU but since Erdogan began to push Turkey further and further away from European demands I think it't far from the table at this point. Turkey has been developing into a totalitarian dictatorship ruling more by Islamic laws than democracy. With the recent action by USA the Turkish Lira fell even more (has been ongoing for years). Erdogan answer is to tell the people to not store or hold USD, EUR, or any currency but Lira. He also says that he is looking for new friends in the middle east...
  11. It takes soooo much longer to debunk ******** that it takes to come up with it. Go into XRPCHARTS.com and check the history of the payment volume
  12. I think he might've been banned from XRPChat.com
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