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ObeyTheWafflehouse

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  1. I wish I could meet you and have a couple of beers talking about this.
  2. Just received this phishing email. Ripple is NOT giving away an economic package to the XRP community. Stay safe out there my dudes.
  3. You have every right to voice your concern, it's that I think you jumped to a conclusion too soon. Moneygram stated in their Q3 conference call in 2019 that they are using ODL with 10% of their transactions at the Mexico corridor. The bitso liquidity index seems to be picking this up, however we do not see anything on the XRP charts at ripple.com. There's a discrepancy. Why? Is Moneygram not using ODL or XRP at the Mexico corridor even though they said they were? Or is Ripple hiding the "true" transactional volume on XRP charts? If so, why? DAs NDAs? There's many more questions that need explanations rather than just jumping to the fact the XRP is not being used because the facts are not adding up.
  4. RN = right now. Sorry. I am used to writing in shorthand. Honestly, my way of thinking is that we cannot see the "true" number of ODL transactions. When I look at the bitso liquidity index, it has increased significantly since the Moneygram (Moneygram on their Q3 conference call confirmed 10% of their transactions at that corridor is using ODL) and Ripple partnership. There should be a correlation to the liquidity index and ODL transactions, but there are not. This makes me wonder if the ODL transactions are being measured accurately. How can Moneygram increase their ODL usage by 10% of Q3 in 2019, but we see nothing on the XRP charts? I think Ripple is hiding the "true" transactional volume on the XRP ledger, and the ODL scanner is not picking up these some/most of these transactions. At least this is my believe until more information comes forward, however on the other hand I could be dead wrong too.
  5. What about the ODL with Moneygram? Wouldn't we see this on the XRP ledger? I understand there was some type of spam attack, but from my understanding, the volume was only a small percentage of the total transational volume. I want to clarify, because @DirectorCoulson will start cherry picking information as they are doing RN.
  6. I recommend DYOR and read EVERYTHING from @BobWay. He's a wealth of knowledge for the community, but i'll get you started. Stephan proposed an idea that would create a net pressure on XRP. He notes that, "net upward pressure on the price of XRP... and Ripple and I received a patent for it." However in another thread he discusses the "patent." The "patent" is a liquidity sourcing mechanism that allows to pull liquidity from different exchanges at the lowest possible price. With that being said, if you are always using the least expensive payment route, organically the system will grow exponentially over time, which I believe we are seeing RIGHT NOW with ODL. But I haven't touched on why this is good for price. Well, if the volume is exponentially increasing through the payment rails, this allows for more Market Makers to make the market. MMs are able to reduce the speak spread on the ask/bid price of the trade currency, commodity, etc. The more MMs, the more institutions that are holding XRP, not as an investment choice, but because they are able to make a profit from a high volume corridor. Let's say there's a hundred MMs per corridor multiple that by the number of base pairing per currency and the amount of XRP being held overall ramps up very quickly. But as bob said, "But of course the whole strategy is worthless, if the XRP bridge currency path costs more end-to-end than alternative pathways." <---- And that's the risk of your investment.
  7. @Cesar1810 I am really digging that you remember this thread as I was thinking about this the other day. As from my previous post in this thread, the theory stood that XRP moves in cycles with BTC. As predicted, I am still waiting for XRP vs BTC price action to fall (~95%) as indicated on the chart below. The box with the down arrow indicates the support line that I anticipate the price of XRP vs BTC to pullback too. I have an alert to set at .000015 to let me know when/if the price target is reached. The forming wedge that I posted early on this thread broke the support line. I redrew in the line that I think is the new support line. The price needs to hold this line, but if broken, we may see .08 - .13 cents (USD) again. I upped this chart from a daily to a weekly. As far as timing, I predicted the bull for XRP to be by EOY earlier in the year. However, I threw caution to the wind because the crypto landscape is always changing. Again, what I am looking for is when XRP/BTC hits .000015, and then I expect the bull run. This could be well into next year sometime. As stated previous, Ripple moves in a mysterious way that is relatively hidden from the public. Anything could spark a massive bullrun (Feds, IMF, recession, etc.). As for advice, be patient! Ripple is literally trying to change the world, and change doesn't come over night on a global scale.
  8. There's so much information behind scenes that it could literally be anything CBDCs, whitehouse, SDRs, IMF, regulations, etc. Ripple has influence in so many entities that it could be anything that provides a catalyst.
  9. I think I agree with you on this the closer we approach year's end. It's looking like anywhere between Dec - March could be the time we enter a bull market again unless some type of MAJOR catalyst (possibly December) sparks an XRP run.
  10. In theory. Someone has to be monitoring the liquidity (either the exchange/MMs/ or traders). Here's the idea, when a transaction is started from beginning to end. It is initiated at the exchange USD -> XRP, XRP -> XRP, XRP-> MXN. There will be an accumulation of XRP sitting at the second exchange (assuming a positive flow). How is that accumulated XRP redistributed back into the market? Arbitration is the best answer I have that makes logical sense, and there could be other methods too. However, I bet this redistribution back into the market (arbitration?) may coincide with the down peaks or down cycles of the bitso liquidity index. This is a nascent market, so liquidity aka trade volume has to be taken in baby steps. Otherwise if you hypothetically shove, let's $1 billion dollars, through the Mexican corridor on the bitso exchange, you would get massive price swings at that exchange and more than likely the corridor would seize until more liquidity is provide. Side note: I don't know the exact mechanics of the inner workings of an exchange when a transaction is initiated from beginning to end, but this is how I imagine the system would work.
  11. I have not studied any type of xrapid transactions, but here is my perspective. Any market normally operates in cycles. Traders try to identify trends/patterns. I am guessing from this chart that the reason why there is this cycle pattern has to do with liquidity provided in the market at a period of time. Think of it this way, when a market enters an uptrend, the market does not go straight up under normal conditions. There are these oscillations/waves that occur while in an upward trend. The up oscillations are trend continuations while the down oscillations are pullbacks. Pullbacks allow the market to "catches it breath" before moving to a higher price point. If you do not have these pullbacks occurring, the market can exhaust itself in one direction and you have a violent pullback or a trend reversal. I believe this chart is showing just that, but it appears they are monitoring the liquidity of XRP on that exchange to try NOT to exhaust all liquidity.
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