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Mgcrypto05

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  1. Mgcrypto05

    Does it feel to good to be true.

    I think the below is very telling of market sentiment and this is just one outlet. I also like to think those fudsters who speak negatively about it have to have a bag as well just in case they’re wrong. Either that or they’re simply trying to get more at lower prices by convincing others to sell. It’s hard to imagine so many people aren’t able to see how big it will become.
  2. I’ve said it before and I’ll say it again. Something big is brewing and it’s about to pop. The FUD campaign has kicked itself into overdrive the last couple weeks and it stinks of manipulation. Ripple is silent, the SEC is silent, and many news sites avoid saying anything about Ripple and XRP. I’d say we’re close to takeoff if you ask me and this “security” shenanigans is just a ploy to continually shake out newer investors. https://en.m.wikipedia.org/wiki/Availability_heuristic I just watched a video by Alessio Rastaniand he talks about the above psychological phenomena being used in the media and other mediums of information.
  3. Speculation and retail investor FOMO Actual utility and Insitutional investor FOMO Even if it were to do so, it’d be by speculation only. Only thing it has going for it is a single partnership with IBM who is grasping to stay relevant. XRP has real partners and a real use case. Stay calm, hodl on, and let the day traders do their own thing.
  4. You sound worried. SBI is only one piece of this very large puzzle and things are fine, imo. Stay calm and hodl. This could certainly be the case also. Point is we dont exactly know what the CEO meant by his words.
  5. “In the blink of an eye” can mean different time frames to different people. Many retail investors may take this to mean immediately at launch. From a business perspective, it could mean anywhere between the day of launch and 6mo to a year. I wouldn’t expect it to take off immediately, give it a few weeks and/or till th end of the year and check back.
  6. XRP's continued growth and sustainability will not come from speculative retail investors, which is what we still have right now, it will come from its use in global finance and commerce. xRapid is still in beta and will be going live this year, potential SBI VC handling a large percentage of their FX markets utilizing XRP, institutional custody solutions being developed as we speak, traditional investment companies gaining interest to create investment options for their clients, ETF's, "order of magnitude of dozens of banks" going live next year, Ripple employees working behind the scenes with 40-50 central banks including the FED, IMF, BOE, SAMA, etc. I wouldn't call all the above events nothing and the entire market has been in a downtrend for the past 6 months, not just XRP. Changing financial infrastructure on a global scale takes time and Ripple is lightyears ahead. If another 3-5 years down the road comes and goes with no growth higher than we are now, then I'll re-evaluate at that time, but I'm highly confident it'll surpass well beyond $40.
  7. Mgcrypto05

    My move: 80% XRP to ERC-20

    They're a very solid platform in my opinion. I remember during the last hack attempt that was coordinated through phishing and through a lot of the bot API's, Binance was able to quickly spot it and lock all withdrawals. The hackers sold people's coin into one certain coin and Binance was able to return everyone's coins that had been affected. They actually made money on it from the hacker's funds that were inside Binance and were unable to be transferred out. They then went so far as to promote a bounty to find and catch the hackers. https://support.binance.com/hc/en-us/articles/360001547431
  8. I totally agree. I'll slowly take it off as I see more confirmation as time goes by. Everything that's happening on a global economic scale points to that valuation+, but I'd rather set my expectation lower for the short term and be pleasantly surprised. 🤑
  9. xRapid going live this year, potential SBI VC handling a large percentage of their FX markets utilizing XRP, institutional custody solutions being developed as we speak, traditional investment companies gaining interest to create investment options for their clients, ETF's, "order of magnitude of dozens of banks" going live next year, Ripple employees working behind the scenes with 40-50 central banks including the FED, IMF, BOE, SAMA, etc. This is only the tip of the iceberg, imo, and upwards of $100 wouldn't necessarily be out of the question when considering the above. At this point, I'd have to don my tin foil hat to justify over 200+. Anything is possible in crypto. We've already seen retail FOMO, but have yet to see institutional FOMO.
  10. Mgcrypto05

    Ran Neuner has seen the light

    You make a valid argument and I'm inclined to agree that this could also be the situation. When I think about the potential that is thing has to boost the global economy, it's hard to fathom that the powers that be wouldn't want to profit more from it. All that dormant money sitting in nostro accounts would be free to invest and use to profit more than they already are. In my opinion, the amount of money that can potentially be made would dwarf the amount that their current system produces. The only thing they wouldn't have is full control of the system, which they may not be willing to give up. Greed, however, is a powerful motivator when looking at the grand scheme of things. Either way, I'd rather lose it all and be wrong than to sell out and end up being right.
  11. Mgcrypto05

    Ran Neuner has seen the light

    That’s what they may have you think. They’re accumulating alright. The thing is, they’re highly upset by the fact that they’re late to this party. They don’t want to just “get in” and share a piece of the pie with us commoners. They want the whole pie and to kick as many of us as they can out the bakery. https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/
  12. Mgcrypto05

    Ran Neuner has seen the light

    Something bigger is at play here. The security argument is overplayed in my opinion. By the security argument, XLM should've been deemed a security ages ago yet they're contemplating adding it. It doesn't make sense at all. With the SEC unwilling to comment, lawsuits, the FED, IMF, BOE all working behind the scenes with Ripple employees tells me there's something brewing. IMO, it'll be for the better. If we're heading where I believe we're heading, we really won't need Coinbase at all from an institutional perspective. Whales and the elite are playing to keep prices down so they can accumulate as much as possible.
  13. I have no regrets for not selling and definitely applaud those that took the risk in doing so as it was a great decision in this type of market we're in with speculators and manipulators. I agree that there's more than one way to make bank in this game. For me, the risk was too high to do so back then and is definitely much higher now. I bought all the way up and all the way down. For the average investor, time in the market will work as a better strategy than timing the market. As we move closer to actual utility, the risk from selling increases drastically and, when it happens, those waiting for lower prices will be scrambling to get in at higher prices. I'm seeing a lot of traders calling for .35c and .28c. While it does seem that's where we're headed, anything can happen at this point to jump start the bull. From here, as long as it remains under $1, I will continue accumulating. For me, it's not greed that drives my long term view. Between the research I've done and the experience I've accumulated, I've calculated where this can go utility wise. As time moves forward, I may adjust that view depending on what actually happens, but as of now, my view is quite clear. Many may disagree with me, and that's totally ok. I'm moving forward with what I believe is best for me.
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