Jump to content

Mgcrypto05

Member
  • Content count

    19
  • Joined

  • Last visited

  1. 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
  2. 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. 🤑
  3. 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.
  4. 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.
  5. 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/
  6. 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.
  7. 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.
  8. This. I wish I could like this post more than once. A lot of people have a narrow vision of what the future holds for this thing and will cash out way early. Too many missed opportunities has taught me better.
  9. IMO, it's more about being responsible with such wealth. There are a lot of people that don't have much experience in handling large sums of wealth. Most big lottery winners end up broke just a couple years after winning because they weren't smart with their winnings. Fact of the matter is that it can always run out if not managed properly and then you're back where you were prior. Sure, splurge on some things and enjoy life, but also be smart and make a plan to make it last.
  10. https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/ "Today, I’m seeing banks, regulators, and the press drown the market in negative news. They’re using the same old trick Hearst used to scare speculators so he could scoop up the Homestake mine for pennies… Guess what? It’s working. Institutions are getting the best prices on cryptos since mid-2017… While the average investor is panic-selling, big investors are buying. Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos: Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk. Susquehanna—the 12th-largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos. Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos. Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealthy investors and institutions. Financial services company State Street said it’s considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management. Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading bitcoin. The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos. Every important lawyer I talk to in the investment space is overwhelmed with crypto questions from their institutional clients. That’s just the latest evidence that institutions are trying to get into this market—not stay out of it."
  11. Mgcrypto05

    The Path Up

    https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/ "Today, I’m seeing banks, regulators, and the press drown the market in negative news. They’re using the same old trick Hearst used to scare speculators so he could scoop up the Homestake mine for pennies… Guess what? It’s working. Institutions are getting the best prices on cryptos since mid-2017… While the average investor is panic-selling, big investors are buying. Over the last 90 days, we’ve seen some of the biggest investors in the world flood into cryptos: Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk. Susquehanna—the 12th-largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos. Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos. Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealthy investors and institutions. Financial services company State Street said it’s considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management. Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading bitcoin. The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos. Every important lawyer I talk to in the investment space is overwhelmed with crypto questions from their institutional clients. That’s just the latest evidence that institutions are trying to get into this market—not stay out of it."
  12. Then I'll buy more at those prices. The whales know exactly where this thing is going just like we do and are doing their hardest to get as much of it as possible. A great read: https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/
  13. Whales have come out to play.
×