Jump to content

pnsh

Member
  • Content Count

    11
  • Joined

  • Last visited

About pnsh

  • Rank
    Regular

Recent Profile Visitors

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

  1. Hey @JoelKatz Volcker rule: Prevents banks from holding positions deemed speculative, prevents banks from prop. trading, and making bad bets. But what happens when the #Volcker Rule is tweaked to allow banks to hold (not trade) speculative 'crypto' positions ($XRP) to help streamline their business and make them more efficient? Speculative trades are held in the trading book, what if XRP was held in the banking books by financial institutions. #ODL and #XCurrent = is the plumbing, and XRP is the liquid that flows through it between financial insitutions to help them settle transa
  2. I disagree. Buybacks are done my desperate mature companies looking to attract investors. Ripple is neither desperate, or mature. I think using the funds to build out a company is much more valuable for XRPs prices. Increasing utility > buybacks
  3. There is absolutely no reason for them to do 'buy back' - the only thing buy backs do is artificially pump up XRP and the only people that benefit from short term gimmicks are short term traders. I never bought XRP for short term gains of 30-100%. I think if we want XRP to 10x, who knows maybe even 100x in price Ripple the company needs to use the funds they earned from selling XRP to do more business development and increase the number of daily institutional transactions. I think that's exactly what they're doing. We need more liquidity, let liquidity from use cases actually drive up the pric
  4. They comply with regulators which basically requires them not to hold speculative positions. Crypto unfortunately is considered speculative. If the regulators change their classification of XRP that changes everything
  5. For the purpose of their business it's not a requirement to own XRP. Rather they'll borrow it or buy it and sell it back instantly
  6. Thanks my catch isn't that bad. I know I wouldn't catch the bottom I have been in and out of crypto for a while. I wanted to get in at 21 cents figured we were near the bottom. I'm confident this would work out to be my best investment yet. BTW this was proceeds from flipping an investment property. So I'm freerolling
  7. could be a glitch - but looking forwrd to the MGI interview tomorrow. should provide us with some more clarity on ODL and it's effictiveness. All we've seen are liqudity figures growing, but it's not indicative of price movement
  8. MGI's CEO could reveal some interesting FACTS about it's operations, and how ODL has benefited them. The timing comes at a time where many of us who have been holding for long have given up. Could this interview be the catlyst that gets the ball moving? The big sharks are lurking, I think we're very close and capitalization is the worst thing to do at this point. BTW I just joined the party, new to this forum, and looking to find out more information about XRP. I recently purchased 13 btc of it at 22 cents (Down 15 k)
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.