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About Xrpforme

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  1. I understand TA very well. It can be a helpful tool in liquid markets. Crypto is manipulated by a few and if TA does apply then whales are using it their advantage to suck more people in to either a pump or dump scenario.
  2. This post was interesting until I opened the link and saw the charts. Charts and TA are bs in a 100% manipulated market. If a tiny group of whales are controlling prices, then how does TA have any validity. Stick to the fundamentals and look longer term.
  3. I am a staunch supporter of XRP. Let’s state that first. Does anyone find it strange though that volume is up about 6X on CMC and price is up only about 30%? CoinMarket Cap is garbage, but if we compare apples to apples from what happened in 2017, it doesn’t even remotely correlate. Back then, 6.2 B in volume on the same website equaled about $2.00 per XRP. $10B in volume got XRP up to almost $4.00 back then. Today we are are at 42 cents with $6.2B in volume. Anyone have any ideas other than someone must be selling a shitload into strength?
  4. Thanks Hodor! Honored that you read it! I’m mostly a passive observer, but wanted to use Coil to hopefully make my contribution to the XRP ecosystem.
  5. Oops. Hopefully this works. https://coil.com/p/ManCave/Welcome-to-the-Man-Cave-/iglv72Q9B
  6. Hi everyone. I’ve been poking around Coil the last few days and finally posted my first blog there. https://coil.com/edit-post/cjvjru46e6iwy0755igsvz49d Please consider checking out Coil. There seems to be new material everyday and it’s a great way to support the XRP ecosystem. I posted, but also paid the $5 per month to see what everyone else is contributing for content. My first blog gives my 2 cents on XRP. Going forward, I will be covering different topics so I will not spam this board with future posts. Go XRP and Hodl on!
  7. If this has been covered elsewhere, please send link. With the latest news that an ILP-fiat connector has been created, I started wondering how ILP benefits XRP as this technology develops and grows. Wouldn’t ILP result in a stay of execution for other garbage crypto coins/tokens? The IOV sounds like it would allow quick payment and conversion across different block chains. Wouldn’t that prolong or even promote the existence of BTC and ETH? I know the tech is flawed and also POW should ultimately fail, but it is what people know today. Why provide an avenue to inter operate and connect with these before adoption of XRP at a “consumer” level can occur? Any input or ideas are appreciated.
  8. I hope I can be helpful here rather than sarcastic and condescending. The partnerships aren’t fake and the ones that seem small are for the FUDsters to say “it’s just a small insignificant partner”. From my perspective, XRapid will be ideal for remittance companies and eventually corporations. These are just starting to kick off now. The big banks that everyone is waiting on will eventually hold XRP. Once they can figure out custodial solutions, I believe they will hold also for large transfers. That will probably start this year if Brad is correct in saying that 2019 is the year banks begin holding XRP. Once they hold it themselves I’m not sure XRapid is required and R3 may be more in play to use XRP for settlement globally. Last, SBI formed joint ventures with both R3 and Ripple. SBI owns 60% of each. They didn’t do this to promote xcurrent and think XRP wouldn’t work. Xcurrent isn’t a huge advantage over Swift GPI. The end game is to use corda settler for cross border transfers and settle with XRP ultimately once banks hold directly. XRapid remains valid through remittance companies and alternate use cases. My 2 cents and mostly educated guessing but a lot of companies throwing money and infrastructure at this. I say follow the money.
  9. Crypto is the Wild West of investing. People here try to apply technical analysis to crypto, buying “undervalued”, etc. What is undervalued? My opinion is that almost everything is overvalued because it’s worth 0. If you’ve done your homework, the first thing you did right was buy XRP. We, as investors, have one basis to buy- fundamental use case. Nothing else in crypto applies as you would evaluate a stock. You bought well. .38 is a good entry point. Remember this even if it dives to .2 or less. The entire crypto market is manipulated and controlled. Do not get rattled by the day to day volatility(especially downward). My best advice: 1) Don’t panic sell because it goes down 2) Dont chase other garbage just because it’s going up. It’s being pumped on speculation with no fundamental foundation. The people making it go up are trying to get a following so they can sell at a higher price later and leave the late comers holding the bag 3) only sell if you think XRP fundamentals change to the Downside. Right now it is the only crypto asset that has real use case and momentum on utilization. 4) don’t spend anything u can’t lose. I believe we won’t lose but u also may need to tie up $ for awhile. Xrp will show true value when it’s intended purpose gets realized. Ie. bank and corporate applications. Remember we are here for the ride and not the priority of Ripple. We just get the benefit for being early adopters.
  10. Good point. Many of us, including me, tend to draw parallels to normal investor reactions in other markets/securities. May not be warranted here yet.
  11. Well, I share your frustration but I was more implying that there are bigger forces at work suppressing price. There was an attack on ETC the last few day and even it was slightly up today! My point was that we’ll need a big player to get things moving and get the FOMO going, or there are big players at work now preventing price from moving anywhere. Regarding Jed, definitely not a positive but the utilization over time should make that insignificant.
  12. Well not to plant the seed with the FUDsters. Just telling it like I see it. Look, it’s great that there are more adopters, but I’m tired of seeing idiots claim “moon imminent” and “this is the year”. It may be the year, but it will be because we have bigger fish entering the market. Waiting for the required liquity from hundreds/thousands of low $ remittance companies would be like death by paper cuts waiting for the required price to support larger institutions.
  13. Very good point. Not to be a downer but this is a small ass bank also. If you look up the business profile it has like 5-10 employees. It isnt even in the realm of local community bank. Look, I’m a huge supporter and it has to start somewhere but I dont think this will have an impact even when they actually go live. Seriously, I don’t know what it will take at this point to see a response in sentiment. A year or two ago, there was rumor that Starbucks might accept bitcoin for coffee and sh*t went crazy. With Xrp, announcement after announcement doesn’t yield jack sh*t. In a logical world; I agree with Galgitron and others that only gradual adoption leads to price increases, but it’s not a logical or known market. The price has to be suppressed artificially, which means it could blow open when institutions and speculators alike figure this out and wisen up. It’s crazy, you’ve got garbage like LTC up almost 10% today with no apparent reason so I believe Xrp isn’t up for no apparent reason as well. Plenty of reason to rocket but just sits there.
  14. I was wrong. Not because I listened to a bunch of fools on Twitter, but I figured that a Coinbase rumor brought us to $3.80 last year. I figured the price could easily FOMO higher based on one grand slam good news release after another. If this was a NASDAQ stock, we’d be at $5-10 at least. I’ve never seen such a lack of response in price therefore I’m convinced either the price is artificially suppressed or that lack of regulatory clarity truly kept a lid on things. Im talking about FOMO alone. I don’t think we’ve even seen the utility use case reveal itself yet. Volume and ledger payments don’t show it. So, I expected $5-10 in 2018. I expect/hope for $50+ in 2019. Why? Because we know the rails have been built into major institutions and smaller ones. We know there are alternate use cases being fostered with Xspring. They need liquidity soon. Large institutions aren’t building onto ripple net to wait for some chance stroke of luck with bozo speculators to get the liquidity required to operate efficiently.
  15. I’ve thought about this at length. Pure speculation, but I believe that exchanges will ultimately be bought by banks to win client base. When looking at XRP, I think the exchanges exist in the short to mid term for 2 reasons: 1) Banks are waiting for green light on regulation and will then start making it convenient to hold and transfer certain DAS like XRP. 2) Exchanges are needed now also to help mitigate volatility risks. Once price is established/fixed/elevated for proper liquidity, then banks could hold directly without worry of volatility risks. Ie. lost money on conversion and transfer. I think we are 1-2 years away from being able to log in to your bank or brokerage account and see certain crypto holdings. Oh, and maybe exchanges could survive to trade crypto for new or risky projects that don’t pass a bank lithmus test, but I still think banks could start to buy out the most secure and reputable exchanges.
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