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Plennie_Wingo

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Posts posted by Plennie_Wingo


  1. On 4/26/2018 at 4:16 PM, Orby said:

    I've been a lurker on here for a few months now and a long term hodler of a decent amount of XRP (amongst other coins) for a couple of years. I've been playing about with BTC for several years longer and bought my first btc when it was 150 GBP.

    I tend to read the posts in the trading and price speculation section however, having just signed up here today I see I have to post here..I guess there are other similarly experienced people classed as "newbies" on here too...Id like to hear your thoughts

    It seems to me that not a single shred of news, publicity or whatever has any baring on the price of xrp. Everyone will have noticed the sudden dip a day or so ago and having read a lot of posts in the trading and price speculation its apparent that most folk who are..in the know, attribute this fall in xrp to 25million being dumped by someone the other day...this is just wrong...why...let me explain

    look at the shapes of every major chart...they're the same...someone selling 25million xrp would not cause the price of btc and every other coin to follow the same dip...

    conclusion...btc effects everything else 100% of the time...when btc crumbles I predict that every other coin will go to zero before some taking off again...there simply wont be a mass transfer of btc directly to another coin...this would be extremely stupid from an investment perspective...but it has to happen sooner or later

    Two examples where that has not been the case were the escrow announcement and the initial Western Union news.  Both times XRP broke ranks.  Now it is simply in lockstep with BTC and I see no way to break free other than a blow-the-roof off partnership.


  2. 2 minutes ago, Longjohn said:

    Whales know a major move is coming which will definitely displace ETH as no 2 and maybe threaten no 1. Next 45 days will be interesting as manipulators try to draw out XRP. They know eventually the use  of XRP with xRapid is not if but when. These same whales know they are guppies compared to institutional money which will soon flow in to XRP. Migueul cited custodial issues and not liquidity right now is crucial. I feel that custodial issue is currently bein addressed and the price will rocket on insider info before any formal announcement with Ripples many partners under strict NDA

     

     

    Interesting take on matters.  It feels like pressure is building - I would think by now most of the weaker hands have been shaken out and the die-hard hodlers are standing fast.


  3. 5 minutes ago, RikkiTikki said:

    The only reason to logically do it is if your intentions were to crash the price spike but still that within itself is nuts when you can gain so much more with the amount you have when the price goes up.  I have seen far more sinister things though.  So although this is highly unlikely it's definitely not impossible.

    Logic and crypto are hardly ever seen in the same sentence in this ridiculous mess.


  4. 1 minute ago, XRPonTheIronThrone said:

    Why would someone sell their holdings at $0.49 when it was trading at almost double that (I think it was around 0.$92 at the time)? Thats my only question! Outside of shaking out weak hands, i'm dumbfounded by it!

    I have a crazy theory about this:  the whale was drunk and fat-fingered it.  The market was around .94 when it happened.  Well, just a thought....


  5. 19 minutes ago, Hodor said:

    Hard to say XRP was targeted, as the entire market retraced yesterday.  When every other crypto is in the red right along with XRP, why should I conclude there was any intentionality (I think I just made up that word) with regards to any one specific coin?

     

    Hodor,  all they need to do in this circus is manipulate one coin (BTC) and the rest will follow.  A 'market' begging for abuse, don't you think?


  6. 1 minute ago, LAH said:

    Serious quetion: If the Whales manipulate and more or less control the Crypto market, why does everyone spend so much time with the charts?

    That is a great point - I believe it is because burying yourself in ridiculous abstruse minutiae - the more complicated looking the better, is far more satisfying than simply saying "I don't know" - or even worse "It's out of my hands" 


  7. Just now, bookworm said:

    @Plennie_Wingo We also read about Dimon’s 180 degree abrupt turn away from his initial statement that Bitcoin was a fraud ... clients drive fees/commissions toward profitability.  Prop desks and crypto products are here to stay which is why regulations are needed ... looking at the the recent volumes, it is clear that more IIs and whales are making their mark in this new industry. Unfortunately, there won’t be a level playing field for the little guys.

    There never was or is a 'level playing field' - nothing unnerves the rich more than the thought of ordinary people making a profit - they want it all and will destroy everything for another dime. I do believe that if opposition from the 'important' people was to take form, crypto would be gone in a heartbeat.


  8. 13 minutes ago, bookworm said:

    Well said.  Once the banksters are fully vested will the floodgates be opened for the masses (general public).

    Came across this interesting article about Vampire Squid’s foray into cryptos ... do you smell something fishy as the regulators are there to protect the very banks that are employing them ...

    https://www.google.com.hk/amp/s/www.cnbc.com/amp/2018/04/23/goldman-sachs-makes-first-hire-in-cryptocurrency-markets-unit.html

    https://www.google.com.hk/amp/s/www.bloomberg.com/amp/news/articles/2018-04-23/goldman-sachs-hires-crypto-trader-schmidt-to-lead-digital-assets $$$

    Hmmm ... as quoted ...

    Goldman Sachs is getting more serious about finding ways for its clients to invest in cryptocurrencies.

    In response to client interest in various digital products, we are exploring how best to serve them in the space.

    Goldman was one of a few major financial institutions to begin clearing CME and Cboe bitcoin futures for clients when the derivatives products launched in December.

    The company was considering whether to start a trading desk to make markets in digital currencies, people familiar with the effort said in December.

     

     

     

     

     

     

    Ah, true to form - the Great Vampire Squid smells money and will thrust its blood snout into anything it finds that might enrich its C-suite.


  9. 30 minutes ago, alegato said:

    Do you feel that the courts will revisit existing laws to update them seeing how the technology obviously wasn't around when the original laws were written or do you feel that they will still strive toward staying with the intent and spirit of the law as they were written originally?

    Well, the courts have not responded to the change in technology regarding 'arms' and there appears to be no revising of the highly destructive and anachronistic 2nd Amendment.  Whether they take the same stance in the financial arena remains to be seen.  However, if the banks, who essentially own the US, decide that crypto has to go as it is a threat to their obscene profits, stand back.


  10. 21 minutes ago, gatehub said:

    Hey, the Ripple protocol requires that each Ripple wallet holds a small amount of XRP at all times. This is called reserve and its purpose is spam protection. Deleting a Ripple wallet from your GateHub account will not make the 20 XRP reserve available. “Once created, an account exists in the XRP Ledger’s data tree forever.” You can read more about it in our recent blog post: https://www.tumblr.com/dashboard

    Well, if XRP gets to something significant, they may decrease the reserve.  Or maybe not.  That 20XRP might be the difference between my little Jimmy being able to go to Harberd or not....


  11. 9 minutes ago, marcinxrp said:

    Mr Propper always writed about xrp, but I don't know why hes worry about this, I thought he's in btc fan club . It's not coicidence we can read the article right now,  ETH and XRP are very serious competitors to BTC, and next bull run can show this

    He has a vested interest in Bitcoin, having written a book that clearly is a booster for it.  the NY Times is doing a disservice to its readers allowing him to write about crypto.


  12. 55 minutes ago, ed1 said:

    It all comes down to whether XRP buyers should be able to reasonably claim that they were promised/suggested a profit/return for purchasing XRP tokens.

    Well, there has been more chatter recently by Ripple execs about supporting the success of XRP.

    It comes down to if the banks want to kill crypto, the US government will make that happen.  Democracy in the US is the great nonsense

    word - it only matter what the rich want now.


  13. 20 minutes ago, Mrsrippley said:

    I'll forgive you for saying the 'C' word lol :girl_haha:....I can't see why it would have any effect on the exchanges outside of the US but please anyone more knowledgeable than me step in to correct this. 

    I also sense the skulking presence of the Winklevoss twins.  The fun never ends with those two. 


  14. 1 minute ago, ed1 said:

    Gensler, 60, has recently gone to work at the Massachusetts Institute of Technology, where he will write and teach about the potential he sees for blockchains to change the financial world. He will also use his position to warn about how many of the current projects in the world of virtual currencies, including some of the biggest, are likely to face a significant moment of reckoning with regulators.

    So he was the chairman of CFTC until 2014 and did absolutely nothing on this side, but now that he became a lame a** lecturer at MIT, he wants to warn people about ETH and XRP.. I am sorry, this just cracks me up.

     

    Just the kind of thing that Bitcoin shill Popper would latch on to.  The Times editors need to be made aware of Popper's agenda.

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