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Rey

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Everything posted by Rey

  1. Well, if you really don't believe in the fundamentals of the asset you invested in, I'm happy for you that you didn't invest more than you said you actually did. And I hope that you'll be positively surprised by XRP some time in the next few years.
  2. Hey @Valhalla_Guy ... what happened? Did you buy near ATH?
  3. We're still very, very early in the game. Most investment money goes to building the required infrastructure for future utility, not to buying DA's yet. Also, remember that some of us investors put a lot of time in researching the crypto market, that doesn't mean that the rest of the world do so.
  4. You seem to leave supply out of the equation here ... a rather large part of the circulating supply of XRP is being owned by whales, not necessarily being retail investors ... those whales might have other interests than a short term price increase.
  5. Maybe several of the reasons you and others in here already mentioned and maybe several other reasons play a role. Apart from the obvious current bear market at this moment (in this stage of the game) XRP just isn't scarce and demand isn't big enough yet to make the price increase.
  6. LOL, looking at your avatar I'd say at least you entered early enough
  7. Well, I tried to target some things he said as targeting his presumed intentions doesn't change the (in)validity of the argument itself. Agreed that the term "Market Cap" doesn't mean much. Though i think that the term "Circulating Supply" does have some value ... not targeting the last price of the asset here ;-)
  8. That's your interpretation of the article ... though I admit that I also question the intentions of the author (and that's really an understatement) ... I fear we will see even more and even worse FUD arise this year as Ripple and XRP gain more traction. That's clearly a big threat to some people/organizations ...
  9. If I understand correctly the main argument of the author is that a certain (large) amount of XRP in under selling restrictions. IMHO this argument is flawed as selling restrictions shouldn't be part of the definition of 'circulating supply' ... you think Central Banks are free to sell their gold supply anytime they like? How much money on bank accounts is subject to restrictions? In my opinion the circulating supply is app. 99.991.xxx.xxx XRP, being the maximum amount of 100B minus the burned amount. The escrow of 55B XRP was a free choice made by the owner of the XRP, i.e. Ripple, itself.
  10. Probably yes ... depends on the details of the bill, though ... However if the new bill explicitly targets digital assets as a new asset class, that could be an indication and argument for the SEC to revisit their interpretation of the current definition of a security ...
  11. Though I probably wouldn't use the same words, I also feel this wasn't a great move by Ripple. AAMOF it reminded me of a move by Redhat back in 2003/2004 ... (one of the reasons that turned me to Debian back then).
  12. It all depends on one's definition of the concept. Guess you could write a book or two about the concept of "Value" ... same goes for "Trust" and "Price" ...
  13. Well, the trading volume increased rapidly to app. 5B at the end of the week ... next Monday it decreased to < 1B again ... later it incidentally hit 2B, but stayed at much lower levels, though higher levels than before the spike. Guess, we'll just have to wait and see what happens the next few months ... It certainly was an interesting phenomenon last September, though Hope we'll see that volume and price action again.
  14. Maybe so at this time ... however I don't think they hold app. 1B XRP for fun ... Also, one could think of XRP usage and tests without necessarily xRapid being involved (R3/Corda being one example) ...
  15. So you seem to think. I think it had nothing to do at all with Swell itself. See my former post for the reason why.
  16. @VanGogh The increase of volumes during that week started at exactly the same time for 4 days and ended with an extended run on Friday when we hit $0.80 After that the action was turned off instantly. I honestly doubt that this kind of action originates from retail whales. Furthermore, look what happened to the price of XRP compared to BTC since September 17th. The position of XRP against BTC held even though the prices in crypto (in FIAT) tanked heavily since November 15th. This all makes me think that the September spike was some kind of test.
  17. I think not. Bears need Hibernation ... https://en.wikipedia.org/wiki/Hibernation
  18. Apart from the issue how to render an XRP account useless (which can be done even if the XRP deposit is escrowed) I still don't understand at all why such an action would help Ripple in any way in the (hypothetical) case XRP would be declared a security ...
  19. Yes, for instance I bought the biggest part of my stash in the summer of 2017. Didn't sell in the Dec/Jan bull run. I do plan to take out app. 12% of my investment in the next bull run in order to cover my initial investment, taxes, costs including opportunity costs and a little extra.
  20. No, it isn't. As mentioned several times before, the amount of XRP Jed is allowed to sell has been maximized to a fraction of the daily volume. If real utility kicks in, and I'm not talking just one small bank, or if demand would increase due to some serious retail FOMO, in that case the daily Jed sales will barely have any impact at all.
  21. Thanks for sharing @Woodseal. Yes, it shows how early we still are. Guess we'll be surprised what will happen the next few years! I can't talk for others, but it really helps me to think about those things to come whenever it gets rough in the current bear market.
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