Jump to content

Parabellum

Member
  • Content Count

    206
  • Joined

  • Last visited

  • Days Won

    1

Parabellum last won the day on September 10 2015

Parabellum had the most liked content!

4 Followers

About Parabellum

  • Rank
    Regular

Profile Information

  • Gender
    Male
  • Location
    Kingdom of the Netherlands (EU)

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Sorry man, but it isn't. It's the same thing that happened to the 'default' subreddits on Reddit. The larger the size, the lower the quality. The truth is that XRP pulled in a lot of clueless people around late 2017 and in 2018 who are now finding out that following conspiracy theories is not really a sane thing to do. Others simply never understood what this is about and simply jumped the rocket and are now panicking. Time will purge them all. It is time for sacrifice.
  2. Are you sure you are not frustrated? It appears you are venting here. If you are in doubt, you should reconsider. Put all the pros and cons next to each other and act accordingly. Always follow your own verdict, even if it isn't the outcome you'd expect.
  3. For what it is worth, the number checks out. Annoying, but I think I cannot expand on it. Ballpark 800 million is about right.
  4. I am not going to deny the likelihood of that assessment. However, we had something similar in 2018 as you will probably remember (also an entity selling in excess of 1 billion XRP) and we survived too. Did it help though? I think not. It will just take time. Also: we do not know how this entity plans to liquidate the remaining funds. I would guess in the same pace, but maybe the pace will be slower (or faster) in the future. It is wait and see. Anyways: assuming that the amount of XRP left will be liquidated in the same pace, I expect this to be over around the end of Q1 2020. However, this entity becomes less important the further it shrinks too.
  5. I am saying that as soon as the scales tip negatively for extended periods of time, it is time to lower your exposure. It otherwise gets irresponsible to stay in, unless you are committed to ride XRP to 0. In which case, it is of course not difficult at all. When the balance tips into low reward I expect it to be a long term thing (and therefore a problem), at which point it is time to scale back.
  6. People interpret it as weakness and/or bad decision making. At least, if I had to guess. Then again, you may have a point here too, as it is normal to adjust strategy. However, Ripple did that a lot and left XRP investors in the dark on numerous occassions. People here talk about desperation in November/December 2017, but the way Ripple left everyone behind in 2015/2016 was much, much worse. That was real desperation. To immediatly add this: they owe us nothing. End. But, everyone that is invested in XRP should also realize that they are almost unprotected, contrary to shareholders, and thus extra vigilance is very much warranted. I do not deny at all that Ripple as a company is doing (very) well: it seems obvious even. The same however cannot be really said about the rate of XRP adoption, which is on the slow side - at least so is the perception of me and likeminded people. Brad the Salesman, as I sometimes like to call him , can say all he want, about this being a marathon or a 100 meter sprint for all I care. What I know is that the end result is not guaranteed. Anyone that makes the mental jump towards 'things will work out in the end regardless' should throw away that line of thought immediatly. Cliché, but again: stay vigilant.
  7. I think me and @LetHerRip do that already. Most narratives around XRP tend to be infused with a lot of hype and hopium, of the first grade. Highlighting the potential negatives out there is usually 'not done' or hailed as 'FUD'. I will concede though that the 'negatives' tend to be very much absent from discourse during bullish times, and very present during deeply bearish times. At least I am sort of consistent in that I utter such opinions all the time . And sure, there are absolutely positive developments going on right now! The MGI deal was a breath of fresh air. I do hope that Ripple will push xRapid extremely aggressively via MGI and to create the disruptive effect we are all waiting for. Of the type in which you either join, or die .
  8. The thing is that there's personal control associated with this still. About the donation, you are very much right, as you can read here https://forum.ripple.com/viewtopic.php?t=9900&p=63242 . Also, he pledged to donate: so it moves in tranches from his control to the charity. In the end, it does not matter, as it is still lots of XRP that hits the markets.
  9. I doubt it. @LetHerRip has been here for a very long time, just like me. People that have stuck around for years have seen Ripple turn ship several times and change strategy. We have also seen Ripple distort reality, be vague about key details, twist the narrative (e.g. "we didn't make XRP!"), and so forth. In the case of Garlinghouse (I refuse to call him 'Brad', I am not on a first name basis with the CEO of Ripple ) there is a track record by now of indeed, as stated, overpromising - if not misleading. People tend to remember that, at least if they pay attention. Therefore I am at the same page as him. We are witnessing a trend over a longer period of time that people that got in (much) later cannot recognize, unless they delved deep into the history of the company and remember all those details. You might ask yourself 'Why? Ripple is making much more progress than in the past!'. That is true. But what I find is that a lot of people tend to think crypto is a low risk environment, which it is not. It is very high risk / high reward. And said as elsewhere: as soon as that balance tips over into (very) high risk / low reward, it is time to derisk. We need to stay sharp and vigilant. In that light, I can again only confirm that @LetHerRip's criticism is justified. All the chewed out clichés about 'blood in the streets' and the cycle of euphoria-depression-hope are things you'll find on precious metals forums too. And a lot of people said that, to the end.
  10. Alright, mauling you right now. Jk. No, I share that point of view. As much as it 'sucks' right now, it is way better for the big holders to sell large chunks here. Why? It means they'll suck much less liquidity out of the market in the future. So in that sense, I am not that disappointed with Larsen selling at all. I would like him and other entities to stop around 25 cents though (which they did last year, as was documented here in some topics). That level better not crack, if we are to revisit it. It makes no sense for XRP to be pumped to 10-20 USD if Chris Larsen is for example still sitting on 4 billion XRP by then, which would make him one of the richest people in the world by then. Nor would a lot of market parties accept that. Same with Britto's funds, same with McCaleb (for which we need a definitive solution) and I think that also at the very least partially applies to Ripple's very own warchest.
  11. There's a lot of back and forth moving. I did some digging for you and for example, this one came up: https://bithomp.com/explorer/r49yezViZ8N6FtwwKg9byDYtJ3UDuJi1zv Follow the trail of crumbs back up (see where the funds came from) and you'll end up with Larsen again. A list of Larsen associated wallets: https://bithomp.com/explorer/rU1bPM4q2rVhC73F7znm7Lt5QnYzZsV35q https://bithomp.com/explorer/rhmwTvfuTZ1KYyXFtKLUGyB3L1JXNzPRY4 https://bithomp.com/explorer/rJE8YtJnAyFSVvjtEhPCFngVC4hWmZfRcn https://bithomp.com/explorer/rhgovzKYmuVaRB6xnVxGL4mGi6skxA31FN https://bithomp.com/explorer/rPoJNiCk7XSFLR28nH2hAbkYqjtMC3hK2k https://bithomp.com/explorer/rDfrrrBJZshSQDvfT2kmL9oUBdish52unH https://bithomp.com/explorer/rMErERn4aHWmLT9NU2muvEpDg1vpRX11Z https://bithomp.com/explorer/rPNoY3puAWywNA5CEDxirZ2BDYHG5du8Xf https://bithomp.com/explorer/rLt5hnUwhTPfCNBmJFLb5jFNiKpUkyKi1h https://bithomp.com/explorer/r44CNwMWyJf4MEA1eHVMLPTkZ1LSv4Bzrv https://bithomp.com/explorer/rwAzZQgYHfrVYsRoUG1g4gpdKssPUEmNDP https://bithomp.com/explorer/r476293LUcDqtjiSGJ5Dh44J1xBCDWeX3 https://bithomp.com/explorer/rD6tdgGHG7hwGTA6P39aE7W89fbqxXRjzk I do not have time to follow the entire trail right now, but this should give you enough to start out with.
  12. My sentiment exactly. That being said, they have been selling for forever, and I do think that Schwartz actually got way more XRP tied up than we can see right now. He pointed out that his exposure was very big too some time back. I think we truthfully would do the same in their situation, or at the very least in Larsen his situation. I am curious: where do you stand right now? I know you entered earlier also, which is why I'd like to see what you think about the current situation. For me, it is still all positive (the scales haven't tipped the other way yet), but an 80/20 premise it is no more in my eyes. More like 65/35 or 60/40. I think it is important to pay attention in the months ahead.
  13. Really? Do you really think that is what this is about? I read someone saying 'it's on twitter dawg, ya should watch there'. No, for **** sake: everyone on Twitter regurgitates what others say. It is a place that is full with misinformation. Guys like Thomas Silkjaer are one of the fews lights in that dark place. I would not have still been here after all these years (way before you, in case you missed) if I could not remotely weigh information, or look for it myself. And you will damn well look into those wallets I sent you just now and form your own opinion. That's all you need to do here.
  14. Also, to ensure you get off your lazy ass: start looking for the Larsen wallets in Bithomp. Just type chrislarsen, and you'll find them. Here's two for you: https://bithomp.com/explorer/rPNoY3puAWywNA5CEDxirZ2BDYHG5du8Xf https://bithomp.com/explorer/rLt5hnUwhTPfCNBmJFLb5jFNiKpUkyKi1h Continous selling, nothing more. One empties, the other starts to move.
×
×
  • Create New...