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Everything posted by Xrpforme

  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 con
  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
  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
  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 wor
  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 d
  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 an
  16. I read this and couldn’t help but wonder if this could be XRP’s biggest threat. If countries ultimately go digital, what would prevent them from sending a digital USD coin to a bank in China and settling in digital yuan? Maybe I’m missing a huge point here, but it seems that major countries could just send and settle between themselves using central bank backed tokens. I’m sure they’d need speed and only major currencies would have enough liquidity on exchanges, but seems like you wouldn’t need a bridge asset.
  17. Totally agree. This terrible environment this year has really taken the wind out of the sails for a lot of people. I keep thinking a few things though. 1) Institutions ARE coming in very soon. Fidelity announced today they hope to be offering 5-7 crypto by early 2019. 2) Brad/Ripple have said one bank will be on Xrapid this year and dozens more next year. 3) Lots of dots being connected across the globe. MUFG, Probable Swift plug in, UAE, etc. 4) Brad always said to check back on price in 3-5 years. I lean heavily in 2 and 4. Ripple has not been shown to lie yet a
  18. Great dialogue! Thanks. The governor on the engine analogy makes sense. I hadn’t thought of it that way. Interestingly enough, I just read in the last hour about strange escrow activity yesterday. $200M put in escrow in 40 $5M increments. Seems like something big may be happening related to the liquidity issue. I guess I’ll wait and see rather than overly speculate!
  19. That makes sense but the banks they are signing up aren’t all small. Some of those banks are very positive about the full suite of RippleNet capability. With multi hop also, you could also have many banks theoretically pushing volume through a few banks that have Xrapid. We’ll see I guess. Totally agree that hoping for a revalue would potentially set a false expectation, but I just scratch my head when I think about Santander, SBI, MUFG, and a handful of others that have been actively pushing Ripplenet. I don’t see how the liquidity gets there soon enough waiting for a bunch of small ban
  20. I have kind of a different spin on this. Brad has said that one(maybe more) banks will be on Xrapid by end of year. Then he says dozens of banks will be using it in 2019. These banks aren’t signing up to do tiny transfers until liquity builds enough to support larger payments. I believe there is an underlying liquidity plan and Ripple has been planning it all along. I’m not an economist but I think they will either reduce supply to inflate price or possibly revalue XRP or both. I think this will happen in the coming months. With regards to revaluing, I would imagine something like counting tru
  21. This is the most ridiculous subject I’ve seen on here this week. The Koreans single handedly drove price to $3.70+ in January, in 20+ days. It was pure speculation and driven by retail speculators/ investors. Now, retail/ individual crowd is in a huge slump but we have real business case applications coming to life in addition to institutional investors aligning to enter. Once FOMO takes over and average volume goes over a few billlion, you’ll see a new floor set in $, not cents. It’s pretty naive and presumptuous to think it can’t go over $5 in 5 years just because things feel stagnant or ba
  22. This^ Im obviously biased but this was the point I was trying to make above. It will be a Herculean effort to get the masses to adopt Brave. I like the Coil model better since it can cross all browsers. I think that XRP will be more efficient also.
  23. This is a tough one. If I understand BAT correctly, it relies on and requires the Brave browser. Brave browser is good, but I wouldn’t hinge my hopes on BAT if it requires the masses to convert from Mozilla, Google Chrome and Explorer. Coil seems like a much better approach in the end.
  24. I’ve read this thread for months. I’ve thought about it, over thought it, flip flopped 2-3 times, and now finally landed at a few conclusions regarding BG123. No basis other than human nature and psychological probability. Here goes: 1) BG is an insider........ of something. Maybe Ripple, maybe SWift, Malta, IMF? 2) 589+ wasn’t meant to be a literal price prediction, but symbolic of a large increase. How could even the most knowledgeable insider know a price range for XRP back at the beginning of the year? That’s like a psychic picking lottery numbers 3) The end of the year
  25. Definitely would be great if someone more knowledgeable could confirm the statement, but I wonder if everyone here is taking the statement out of context? I personally interpreted the “backed by” comment to mean that the Saudis were behind a particular crypto currency,(like Xrp) not necessarily creating a digital Saudi coin.
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