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About increasedwisdom

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  1. https://blog-en.bitso.com/bitso-the-first-regulated-platform-in-latam-ae16416951d5 Summary: Bitso receives DLT License providing regulatory clarity for all their cryptocurrency transactions throughout Europe, Mexico, and all of Latin America. Highlights: "...beginning on August 1st, 2019, the custody and trading of cryptocurrencies made in the (Bitso) platform will be regulated by the Gibraltar Financial Services Commission (GFSC) under its purpose designed Distributed Ledger Technology Regulatory Framework. " "(This)...represents a key step on our way to providing a platf
  2. Chances are 98% (that's IF they really want to know, and they know who to ask... it's called immutable for a reason) 2% chance of maintaining privacy because there are still some exchanges out there that aren't doing proper KYC... so if you dig deep enough, you can preserve your anonymity, but if you're using standard exchanges with proper KYC, you're transactions are completely traceable. The truth is, it's something they have to dig for. So unless they have a REASON to go tracing after you, it's not going to happen. There's lots of ways of "laundering" still availabl
  3. Every now and then I blink. That's the only time I'm not checking the price.
  4. With all the recent movements, I would like to bump this post. Just seems uncannily accurate. No matter where the price wanders, it seems to find its way back to $0.30 in a hurry.
  5. The article mentioned in the original post makes some good points about the true nature of nostro/vostro accounts. It's not quite as simple as the standard Ripple explanation. I agree with the point that no major bank has "Dormant Funds" locked up in these accounts. Ripple and Ripple supporters should stop talking about the advantages of freeing up these non-existent dormant funds. That being said, I disagree that "Banks would lose their ability to control their own FX exposure" if using a Ripple solution. Using any non-Ripple solution, these transactions are exposed to FX mar
  6. so does this mean the price will be pushed back down to $0.30 now that it's broken above $0.3150?
  7. I love this thread and this sentiment. The more people think like this, the sooner the next bull run will be. The bears of 2018 have made their money, and there's not much more to be made, relatively speaking. At worst, 2019 could trade sideways, but that is unlikely imo. There's too much good news to come out in 2019; too much being developed. And the risk/reward of selling is becoming less and less appetizing for the bears. If even a fraction of the Institutional Investors rumored to be interested, actually get involved this year, along with the continual announcem
  8. 1st Quarter 2019: $0.2859 USD 2nd Quarter 2019: $0.7417 USD 3rd Quarter 2019: $1.3259 USD 4th Quarter 2019: $2.4820 USD The low for 2019 will be around $0.16 USD, and a high around $2.72 USD. 2020 should have a high less than $8.00 USD but above $3.20 USD, with no way of predicting the low. If you want investment gains while you're waiting for the next crypto bull run, look for selling opportunities in the stock market (like S&P) and selling USD (against other Forex currencies); also, buying opportunities in emerging markets. Avoid leverage/margin, sc
  9. ...then build on it! What you're doing is confusing and unnecessary. As you will quickly learn, you picked the wrong crytocurrency to fork!
  10. Go back and watch the last AMA with BG. He specifically says that what surprised him about 2018 the most, was the LACK of Institutional Investment. It has started for sure, but the real money is yet to come. (probably Spring / Summer for both XRP and BTC) The major custody providers will be available soon. The fundamentals are sound, and the price is looking pretty good, so we'll see how long it takes for the big money to move into this space. My opinion is that we are somewhere around the Depression Stage of the Wall St. Cheat Sheet chart. We may or may not have hit the b
  11. https://zycrypto.com/whale-spotted-20-million-xrp-moved-to-bitstamp/ Saw this article a few days ago, haven't seen anyone talking about it here on XRP CHAT, so I thought I'd start the conversation. First off, I don't exactly agree with the author, nor with the comments I've seen on other social media in reference to this whale. If he bought a ton of XRP over-the-counter, then transferred some or all of it to Bitstamp, what will he do next? The only thing he can do, is sell it, either for fiat or other crypto. When he does, it will create selling pressure and push the p
  12. Go back and read the article again. They're talking about offering various cryptos alongside their long list of fiats. When they see a large enough adoption, they will launch. But this has NOTHING to do with using Ripple/xRapid as a remittance solution. You know, to avoid having all that money tied up in nostro/vostro accounts? They're well established in their way of running their business, and have made it pretty clear, that they intend to keep it that way. While they may add cryptos in the future (crypto to crypto or crypto to fiat transfers), they won't be using X
  13. Let's just say, nobody is willing to go on record. And why would they? They certainly don't want the SEC investigating them over it. But those of us in the business have heard on numerous occasions, both first hand and second hand, that this is happening. All the signs are there, and it's not like it would be the first time either. It's pretty much standard operating procedure for a situation like this. It makes perfect sense too. When they buy OTC, it doesn't affect the price directly. And it doesn't cost them much (relatively speaking) to move the retail market down. It
  14. Let's be clear about "speculation" Everyone is bullish on crytpo! NOBODY is really "selling" crypto. Small investors with weak hands are being pushed out, but this doesn't make up much of the volume. There are those that don't believe in crypto, but they're not putting actual money on the line. No, the only cause of the market being held down right now are the large financial institutions. They are patiently pushing the price down as far as they can in the retail market, so that they can buy cheaper crypto in a HUGE way on the OTC market. Yes, because of utility and all
  15. https://bravenewcoin.com/insights/securities-ripple-icos-etfs-and-enforcement-sec-chairman-lays-it-out-at So, this implies that the SEC would be willing to officially classify XRP as not being a security if certain requirements or arrangements were met. Which, from what Ripple says, they are willing to do and are currently in the process of doing. It's anyone's guess what is currently holding them back from doing it now: The fact that Ripple still holds the majority of XRP, We're still lacking regulation, globally, in many respects, The pending lawsuit,
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