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Rey

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Posts posted by Rey


  1. 2 hours ago, baobeiiiii said:

    Funds will come from an agreed buyout of my stake in a property to a family member. No debt, the buyout is large and only going to invest a small bit of it in crypto. 20k xrp... but if the price is much higher in March then it'll be a really hard decision. Having 10k XRP or less just doesn't seem like a worthwhile investment. Of course if it goes up then every dollar (pound in my case) is multiplied by the gain, but the higher the price of XRP the smaller that multiple factor is.  

    0.1 to 10 is much more likely than 1 to 100. The multiple there is HUGE, but it's still infinitely more likely with the first range than the second range. If anyone disagrees with this logic, interested in your reply.

    The size of my investment is such that if XRP fell i'd never sell, and I don't mind hodl for 5 to 10 years. It's a 'punt' as we say in the UK. Such a punt in almost every altcoin pre early '18 would have had a credulous return (even doge coin) but now that the cat is out of the bag and prices are still high compared to pre-boom, it is unlikely. 

    Ok, I'll add my XRP 0.02:

    * Only invest money that you can afford to lose.  May sound like a cliche, but still many people seem to succumb to this pitfall.

    * Don't borrow money to invest in digital assets. Even though the fundamentals seem better than ever, it's still a very high risk investment.

    * DYOR and only invest in an asset that you really trust. I trust that XRP serves several major use cases, I trust the Ripple team and I trust their strategy.

    * DCA your purchases as well as your exits. In the long term this often works better than trying to time the market.

    * Make an exit plan based on your own goals and on the price levels that you think are achievable. I plan to first take out my invested money, and a premium for interest, taxes and a little extra (app. 12%-15% of my stack).

    * Early this year we saw ATH at app. $ 3.65 That price was based on speculation alone. As we still seem to be in a very, very early state of the crypto market, I really think that we will see much higher price levels, though there's no guarantee and no fixed timeline. So I would probably still buy @ $ .50

    * We all have different preferences and ideas. I'd consider 20,000 XRP and 10,000 XRP nice investment stacks, certainly not something to look down at, though it depends on your own expectations.

    Good luck and I hope that your decisions will work out fine for you.


  2. 1 hour ago, Ripple-Stiltskin said:

    Slowly but certainly this thread is transforming into the Zerpening 4 .

    Preview

    Zerpening 4  The booming

    Starring: a chicken, a wookiee,  Denzel DiCaprio (or is it Leonardo Washington?), a bipolar bear , a shiny metal (yeah, yeah Platinum Plus) bot, some muppets, cartoons and  much more ...

     

    Soon in a theathread near you ...

     

    spaceshuttle2.gif


  3. 22 minutes ago, 2ndtimearound said:

    Well I once held 6 figures of XLM.  I only hold XRP now because of the size of utility volume that's looking to come through XRP and the sheer number of partnerships - especially if you count R3's client list (which has got me buying XRP again).  I think XLM is a riskier investment...it relies heavily on IBM delivering something.

    Put it this way - the problem Ripple and R3 have now is not demand, it's supply.  They have WAY more demand than exchange books can handle...lack of liquidity on the supply side.

    Agreed that XLM is a riskier investment than XRP. Can't remember IBM having announced that they will use XLM full blown in their products and services ...

    LOL, that second statement sounds a bit ironic ... looking at the current order books and current price level you wouldn't say that supply is a problem ... I understand your statement, though and yeah, Ripple is working hard to solve the liquidity problem.


  4. 4 hours ago, panmores said:

    In what ways does Corda compete directly with the Ripple Ledger and RippleNet solutions?

     

    3 hours ago, LordVetinari said:

    In simple term, I would imagine it's no different than two restaurants that use beef as a raw ingredient. Both must prepare and present their finished product to customers.

    I can't give Corda or RippleNet specifics because I'm not knowledgeable enough but xrp would be a raw ingredient. Ripple and R3 serve it up and if it satisfies the customer, that a successful sale. 

    Though the two solutions overlap to some extend, they don't necessarily compete directly.

    Corda is designed as a permissioned  private blockchain solution that targets the R3 members (mostly enterprises in the financial sector, some ICT suppliers and some regulators). It's designed to support specific backend processes between a restricted number of consortium members (think smart contracts and sharing sensitive data between trusted R3 members). The consensus only involves the parties needed for validity and uniqueness of the transaction. It wasn't designed for cryptocurrencies and it doesn't have a native DA.

    Corda now has a settlement rail for XRP, so that R3 members can actually settle payments with each other in XRP. In this case XRP is the actual asset used for payment, not the bridge asset like it is in the case of xRapid. 


  5. 7 minutes ago, Mr_Cambridge said:

    Jed McCaleb and XRP? 

    To me, this is a non-issue. 

    1. He has selling restrictions.

    2. R3 and Ripple must have this figured out by now. These people aren't speculators. They know what they are doing. 

    3. Jed's a very smart man. He may not want to be a billionaire, but it's inevitable. 

    Do good with it Jed. Help the poor and suffering. 

    Case closed. 

    To me Jed and XRP is an issue though not a decisive one.

    1. As said before even though there are selling restrictions, if you add up the sales of Jed, the programmatic sales of Ripple, possible sales by early whales, possible sales by charities that got XRP donated , all that might have an impact.

    2. Sure R3 and Ripple probably know what they're doing. Though that doesn't mean that their goals are the same as ours or that their strategy serves our interest best. That being said, yes I do trust that Ripple's goals and their strategy currently serves our interest nonetheless.

    3. LOL, I recall this quote from David Schwartz regarding Jed on Quora: "He will probably be the only person to become a self-made billionaire despite his best efforts." 

    https://www.quora.com/Why-did-Jed-McCaleb-leave-Ripple-to-start-Stellar


  6. 1 minute ago, Caracappa said:

    I got your point, did not insinuate any timeline.

    Because even in the early days, ditching your brand new network and starting all over is a bad signal for any (future) investors. It shows you can, and most of all are willing to do it if things happen the company doesn't like at any moment.

    So no, build the network, don't ditch it at any moment (unless it breaks somehow and can't be fixed... but that would signal game over anyhow).

    This. Trust comes on foot and leaves on horseback ...


  7. 2 minutes ago, AlibabaGrp said:

    I was talking about 2012 when XRP wasn't even a thing, no partnership or whatsoever, that's when they freshly started, jeez why are you so slow... Monkey would have got the point of my massage 

    Jed left his active role with the company in July 2013 ... the deal with Ripple dates from 2014 ...


  8. 15 minutes ago, rootvegetable said:

    Ripple couldn't be the one doing the buying, how would they afford it, selling their own xrp? Amounts to the same thing. If someone else buys it, and they're subject to the same selling restrictions, again, same thing. If they were able to find more than one buyer, still I'm not sure if there's much difference. He may very well be the largest holder remaining, but at least his sales are non influential and predictable. It's doesn't seem like an issue, and may be a good thing in the end. Predictable liquidity on the sell side.

    Agreed to some extend, though I do think that in this stage of the game the ongoing sales of Jed's stack, together with the programmatic XRP sales by Ripple and the amounts of XRP Jed and Ripple gave away to charity, do have some impact ... sure, there are other factors, but at this moment XRP just isn't very scarce.

    As we all know this might change as soon as some big names start to accumulate on a large scale, if new retail investors would enter the market during a new bull run, or if XRP would be really used on a substantial scale ...


  9. 23 minutes ago, GiddyUp said:

    Since more coins are going into circulation all the time, would it be correct to say that if the price doesn't go down and there are more XRP, that the price per XRP has effectively gone up? Or has my thinking gone sideways?

    Nope, sorry, price is just a temporary equilibrium of supply and demand. E.g. If the price of an asset is $2 and a supplier sells 1M freshly distributed assets OTC to a buyer who is planning to keep those assets for the time being, in that case the transaction doesn't move the price as the equilibrium of supply and demand hasn't changed. This would be different if the buyer of those 1M assets would decide to dump those assets on the market. 


  10. 15 minutes ago, ImTheRippler said:

    I don’t even think anybody actually believe the price is gonna be $500 in 20 days, people are having fun and learning info that may not be obvious. So bizarre to enter this thread just to cry about it.

    Honestly, I wouldn't know what to expect wrt the price of XRP even within three days, let alone 20 ...

    I think it's brilliant though, that BG123 posted a few riddles ... gives anybody who wants a reason to keep their mind of the current price :)


  11. 13 minutes ago, enrique11 said:

    The fire looks strange at the base and left, right edges...like it was trying to mimic some Arabic font, and there are two "golden eggs" on the right side of the fire.  Embellishment, distraction, or hint?

    Anyway, it's all silly fun.

    Golden eggs? LOL, I thought those were long chunks of wood that are on fire ...


  12. 1 hour ago, Eric123 said:

    @Ripple-Stiltskin & @ReyFYO The Netherlands has less than twice the population of New Jersey and less than twice the GDP of New Jersey.  They are hardly a global mover and not a hotbed of crypto activity.  Why not find some surveys from Sri Lanka written in Sinhala to prove your point.

    @Eric123 I didn't use the survey posted by @Ripple-Stiltskin to prove any point at all. Though I am saying that the way you reacted to the survey as well as to The Netherlands as a country is just poor ... same as your latest reaction isn't polite and nice to the inhabitants of Sri Lanka.


  13. 9 hours ago, xrp_sea said:

    Can we please ban the digits 589 on this forum? It's getting beyond stupid. Sorry, but I the people that believe this are just delusional.

    Hey @xrp_sea If there are topics, opinions and posts that you don't like, just ignore them. Calling people delusional just because they believe something that you don't buy isn't nice. And please let's forget your first request as banning the digits 589 is just as stupid as banning the characters aeprsx_ 

    Back on topic: sure, the sceptre might be a symbol of POW though as a sceptre figuratively means a sign of royal or imperial authority or sovereignty, maybe there are alternative explanations ...


  14. 13 hours ago, Eric123 said:

    @Ripple-Stiltskin  This is hardly a scientific study.  LOL  Facts LOL, my stomach hurts.  C'mon the Netherlands LOL.  

    Just some facts, @Eric123 ... the first share ever (VOC, in the year 1606) and the first investment fund ever ("Eendragt Maakt Magt", in the year 1774) were Dutch. For reference, The United States Declaration of Independence was created and ratified in the year 1776 ...


  15. Thanks to @karlos and @rootvegetable for explaining! I agree with them and also with @Tinyaccount.

    Please people, stay level headed and think. There's a balance between trust, control and risk. First of all XRPchat is a great FREE service to the community. The site administrators and moderators put a lot of resources, time and money in keeping this service available and in good shape. Many volunteers contribute to support their effort. If you don't trust their service or actions, you're FREE to use other media/third party services.

    Second, XRPchat is an online service, so despite all the effort and hard work, there's always a chance that the site gets compromised/hacked and your data could be stolen by someone. So think before you post and just don't post any data that you consider private and sensitive.

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