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Vesm

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  1. Interesting choice to use the analogy of the foreshock. Because for earthquakes it is impossible to know if a quake is a foreshock or the main event until afterwards. Same goes here. Only time will tell, but I do hope this is only the foreshock
  2. When XRP begins to go upwards, and when we start to approach ATH of $4 I think this will really matter. From this platform we will reach a broader community which has never had the crypto-FOMO before....
  3. Easy to say in hindsight :p I agree that most things point towards a bull-run. And I think it will be greater than the 2017 one. just look at the ease by which BNB surpassed its previous ATH... it was a slow but steady increase over three months i think we will begin to similar growth for some other digital assets soon! I am pretty sure we’re in for a good summer
  4. Let's assume that it is David Schwartz. And let's assume that he was sending the XRP to coinbase with the purpose of selling them. Two questions: 1. How much XRP does he have? (i.e., what percentage of his holding did he sell?) 2. Why did he sell? So much speculation, so little knowledge, and so many flaws... haha
  5. 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”
  6. 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
  7. 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.
  8. 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
  9. 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).
  10. 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).
  11. @Snavedog Sounds like you have shorted the XRP with leverage. Have you? Just curious if you put your money where your mouth is...
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