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VanGogh

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Everything posted by VanGogh

  1. I agree. I have a feeling they are also going to shake the tree loose of weak hands on the way up as hard—if not harder—than they did on the way down. These pull backs could be violent. I do not plan to try and play it on the way up. I just plan to hold. I'm sure it will stressful as intended.
  2. Couldn't agree more, and I think we'll do just fine. My point is that we are likely not what the SEC defines as "reasonable purchasers". We're the bold and crazy ones who helped make the market possible to begin with.
  3. It seems to me "we" are anything but "reasonable purchaser(s)". We are early adopters, nuts, fanatics—anything but reasonable! Bankers, people looking to remit money overseas, are reasonable purchasers using XRP for its intended purpose.
  4. https://www.forbes.com/sites/alexkonrad/2019/04/02/andreessen-horowitz-is-blowing-up-the-venture-capital-model-again/#c7866207d9fa "Why? Well, venture capitalists have long traded a lack of Wall Street-style oversight for the promise that they invest mainly in new shares of private companies. It was a tradeoff firms gladly made—until the age of crypto, a type of high-risk investment the SEC says requires more oversight. So be it, says Andreessen Horowitz. By renouncing its venture capital status, it’ll be able to go deeper on riskier bets: If the firm wants to put $1 billion into cryptocurrency or tokens, or buy unlimited shares in public companies or from other investors, it can. And in doing so, the thinking goes, it’ll again make other firms feel like they have one hand tied behind their back." https://www.forbes.com/sites/alexkonrad/2019/04/02/andreessen-horowitz-is-blowing-up-the-venture-capital-model-again/#15c13d6f7d9f My own thinking: If you had some high-dollar, exclusive clients and saw the writing on the wall that crypto is going to be huge, wouldn't you want to help them "get-in" before everyone else? If you did it on a private basis, as a new and separate entity from your brokerage wouldn't you avoid having to wait for regulations to approve an ETF? Imagine the FOMO in this scenario. These hedge-funds, they only cooperate for so long—they have to be trying to figure out how to beat each other to the market. Sourced from :
  5. "Wow. Andreessen Horowitz is registering their entire firm of 150 people as financial advisors in order to make bigger bets." "Why? Well, venture capitalists have long traded a lack of Wall Street-style oversight for the promise that they invest mainly in new shares of private companies. It was a tradeoff firms gladly made—until the age of crypto, a type of high-risk investment the SEC says requires more oversight. So be it, says Andreessen Horowitz. By renouncing its venture capital status, it’ll be able to go deeper on riskier bets: If the firm wants to put $1 billion into cryptocurrency or tokens, or buy unlimited shares in public companies or from other investors, it can. And in doing so, the thinking goes, it’ll again make other firms feel like they have one hand tied behind their back." https://www.forbes.com/sites/alexkonrad/2019/04/02/andreessen-horowitz-is-blowing-up-the-venture-capital-model-again/#15c13d6f7d9f My own thinking: If you had some high-dollar, exclusive clients and saw the writing on the wall that crypto is going to be huge, wouldn't you want to help them "get-in" before everyone else? If you did it on a private basis, as a new and separate entity from your brokerage wouldn't you avoid having to wait for regulations to approve an ETF? Imagine the FOMO in this scenario. These hedge-funds, they only cooperate for so long—they have to be trying to figure out how to beat each other to the market.
  6. Then extrapolate this to the idea that ETFs will become a reality this year, where hedge-funds can invest a percentage of the trillions they have at their disposal in the form of retirement funds.
  7. With that kind of cash it makes one wonder if some kind of and ETF (hedge fund) found a way to get in before an ETF announcement/before regulation approval were made public. Or perhaps it is one overseas somewhere where regulation is ahead of the US. Of course, that really wouldn't make sense would it because these were all bought on exchanges. Hmmm.? Then again, where else would they buy them? Sorry, just thinking on the fly.
  8. Bitcoin prices jumped 15.3 percent Tuesday morning after a large, anonymous buyer placed a $100 million order. A single $100 million algorithmic order to buy bitcoin was spread across exchanges Coinbase, Kraken and Bitstamp. The orders were placed in increments of 7,000 BTC at a time and triggered a flurry of subsequent trading volume in the cryptocurrency markets. https://www.benzinga.com/analyst-ratings/analyst-color/19/04/13468562/mysterious-bitcoin-buyer-sends-cryptocurrencies-soaring?utm_campaign=partner_feed&utm_source=marketwatch.com&utm_medium=web_click&utm_content=ticker_page&mod=mw_quote_news
  9. https://www.benzinga.com/analyst-ratings/analyst-color/19/04/13468562/mysterious-bitcoin-buyer-sends-cryptocurrencies-soaring?utm_campaign=partner_feed&utm_source=marketwatch.com&utm_medium=web_click&utm_content=ticker_page&mod=mw_quote_news "Bitcoin prices jumped 15.3 percent Tuesday morning after a large, anonymous buyer placed a $100 million order. A single $100 million algorithmic order to buy bitcoin was spread across exchanges Coinbase, Kraken and Bitstamp. The orders were placed in increments of 7,000 BTC at a time and triggered a flurry of subsequent trading volume in the cryptocurrency markets."
  10. Two great posts in a couple of days. Thank you @Julian_Williams! SBI is awesome. That people are down on them is like saying "Floggings will continue until moral improves." SBI is one of our best champions!
  11. I have an idea for a use case, for which I think there is much need. I'm not a technical person, so I don't know if Coil or Codious (or what) would be the best platform for this. I'd be curious to know if anybody would have an interest in this. The idea is this: When people die there are a tremendous amount of things that have to be done by the living. It goes without saying that many people are not very organized when it comes to their planning of their will, estate, etc. to help those who are left behind. I can imagine a company who for an up front fee (of XRP or other crypto) could set all this up in a primarily automized manner, and it could be fairly easy for someone to do the leg work themselves as planning, such as people already do with some legal issues on sites like Legalzoom. You could go to the coil web site, link your name and info to the local coroner; further link to your attorney or a description of a digital version (or even where your physical will is located), those listed on your will and their digital contact info; to your life insurer and their digital contact. One can quickly see how it spiderwebs out in an automated way. My point is that upon a person's death a chain of events will digitally start to take effect. The coroner would be notified (or perhaps he/she would login to this system) to certify death in a system that had a list of criteria that he would enable and that would begin the chain of events, then the executor of the will could be notified (after next of kin, etc. obviously whatever the situation requires with compassion) as well as a life insurer where an "if/then" type smart contract summary would take place enabling a further chain of events, perhaps even generating a check to those listed on the policy as beneficiaries, etc., etc. Each "chained event" would enable a fee or tip of some sort. Of course there would be nearly endless scenarios but the basics could certainly be automated and I believe still done so with logic and compassion both. This would be such a tremendous help to tens of millions of people each year who, for example, wonder where the will is, what it says, if there is a life insurance policy and where it is located, banking info and so on. The security and redundancy of blockchain type technology combined with smart contracts seems like a perfect fit.
  12. I wonder if anybody in here can offer insight into this stable coin and how it might affect XRP: XDR http://mile.global It's aimed at cross boarder remittance, especially for the underbanked, and apparently it's backed by the by the IMF's basket of currencies (SDR).
  13. It's still live. As usual very informative. Bob's great!
  14. If XRP succeeds at all in becoming the world's bridge asset then it will also likely be used to some degree as a currency. Think of all the work in this technology being directed at the underbanked alone. There are roughly 8 billion people in the world. One hundred billion / 8 billion = 12.5 xrp/person. Subtract perhaps half of that due to people and businesses who hold xrp. That drops it to 6.25 xrp/person. I think the future looks very bright if XRP succeeds first in achieving their primary goal of being the default bridge asset.
  15. Wow, bringing the next generation into digital assets. Ripple is hitting it from every angle. Amazing!
  16. I don't know. I'm not sure anybody really "knows" definitively. I base my opinion on the things I've read such as SBI is now moved to July because of regulation, Baak has been put off until about that time as well, and the list goes on of similar things coming together around that time. Russia is setting June as its deadline for regulation. The geopolitical things shaping up in Iran and Venezuela. With all this I believe that bigger money is slowly accumulating. As regulations become more defined, storage or custody solutions for institutional investors are built into the infrastructure now being built by Fidelity, Baak, etc., and insurance begins to cover these digital assets—hedge funds will be able to legally invest their clients' retirement accounts into digital assets, which will further raise the price. Once these things are established (hopefully starting around July) then retail will begin to open their eyes to it and utility will begin to take hold with banks and such. I am generally overly optimistic, but again this is just my opinion. I still see this all as just the beginning, but I feel like it is the beginning of the end for the average investor to be able to get cheap digital assets. Don't take my word for it!
  17. Just like clockwork, let the weekly manipulation begin!
  18. @Eric123 Even if we don't make a sudden, hard move upward we are making higher lows and generally moving up. We might have a few sudden but brief selloffs like we had Friday evening, but I think we're moving up and bigger moves will start happening mid summer as big money enters safely after regulation and infrastructure is more secure. I still think that even these moves will be preliminary to another major bull run, but who knows. I enjoy checking your analysis. Thanks and best of luck!
  19. VanGogh

    Hi! I'm Bob

    If I'm not mistaken, https://www.homeexchange.com does something similar to this. If you don't want to exchange your home directly with someone who wants to exchange with you, you have the option of taking a "balloon", which allows you to later exchange with someone you want to. P.S.: David, it's really great to see you on this chat. Thank you for all your hard work pushing this technology forward in a stubborn world!
  20. VanGogh

    Hi! I'm Bob

    Bob, what is really great about this thread, indeed about you spending your valuable time here sharing your knowledge, experience and wisdom from being "inside the big show" is that you don't owe any of us a thing. Nor does Ripple—not a peep! It's so reassuring to realize that Ripple and separately XRP are the real deal. Most here already assumed that with as much research as we could get our hands on, but this is more than any of us deserve. THANK YOU!
  21. I hope I'm not being too forward in suggesting that this might be giving you trouble. Have you ever heard the saying, "Don't throw your pearls to pigs"? You might feel a whole lot better if you quietly hold your investment in XRP and didn't try to convince others of its merits. You will likely not change the mind of anybody anyway. Continuing to research your investment, continuing to research XRP is not a bad idea, but I think you might find it helpful to your own well being to do it quietly and only for yourself. I find it much less stressful to not have to defend my speculative investments. If someone asks you, if you do want to say anything at all you could just point them to the XRP chat or the XRP Blog. https://xrpcommunity.blog Best of luck to you, and hold tight!
  22. Very nice analysis. June! June, accumulation begins from deep pockets.
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