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Gamblord

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Everything posted by Gamblord

  1. He is probably worth way more than 100MM now because of his crypto but in January his net worth was 45MM. He explained his case for xrp: 3:50 onward: Raoul Pal: "Xrp is a great risk-reward" "Slap on the wrist, then free to run" "Worst case is -50%, best case is 10x from here so I'll take a 50:1 risk-to- reward here" There you have it, actual smart money person placed a sizable bet on XRP. Disclaimer: I do not hold any XRP (except the 20 XRP locked from spending in my wallet).
  2. Have you heard of the little old lady method of taking profits? When it doubles sell half. When it doubles again sell another half and so on. This ensures you always walk away in profit. Every TA person will give you different answers. Check this one out
  3. An honest xrp holder, this is rare. 1. It's more Ripple's willingness to work with banks. Also their opaque monetary policy. They take out 1b xrp every month and spend it on ???? Then send the remainder back. We have no idea what Ripple is spending XRP on. Im sure some of it is shady dealings. This opaqueness is similar to central banks which is why it is hated. It's not predictable either. With other cryptos you know what the inflation rate is. With XRP the inflation rate is whatever Ripple decides, just like central banks. 2. XRP is already up there in MC. This is both a positive and negative. Not much higher in % it will go up but it less likely to get washed away into oblivion. 3. Yep, a lot of the boomer coins xrp cant be staked. I dont want to spend my investment and lose it. If you have rewards it much easier to use that for money and keep your principle investment untouched. Maybe FLR will address this but a second layer complicates things. You can already stake ADA and many others with just the base coins. With XRP you have to purchase FLR to create F-XRP you can stake (fact check me if im wrong). 4. Fair point. 5. Fair point. It is actually BG and CL selling their stash to the tune of over 600m and not on Ripple's behalf. This was in the SEC document. They are both being sued by the SEC. Huge red flag when the top people of Ripple are sued in addition to the company. Why invest in XRP when you can invest in anything else that doesnt have this problem? DOGE with no parent company or execs looks less risky. 6. ODL doesn't raise the price anyway. Scarcity determines price, not utility. My sincere advice: have a realistic sell target for XRP this bull cycle and don't ever think about buying back in until the price crashes over 90%.
  4. Another mind reading fail. I want Xrp to moon so I can dump my spark tokens off the hype.
  5. Money/greed is not the only incentive but it is major incentive that drives more than 99.999% of transactions in crypto. You won't be able to convince too many universities to run a Ripple node in perpetuity because they are "interested" in the tech/ecosystem. Trying to argue that I'm wrong because technically there are a small number of participants running a node for other reasons than money doesn't invalidate my point. There is no financial incentive to run a XRP node. You arent being convincing by arguing an edge case. I called Ripple's behaviour rent seeking to which your reply is nuh-uh. Very convincing. I called out XRP for centralization of nodes with 75 nodes, of their centralisation in monetary policy, centralisation in monetary supply yet these facts are never addressed. These things don't matter to you or I but it matters to everyone else in the wider crypto community, developers and investors. They see these glaring problems and don't want to hold bags of worthless coins with no future. Many will buy in to ride the wave up until the end of the bull run but they will dump their bags just as fast as they bought them. And after the bear market starts and the SEC suit is settled there will nothing holding back Brad & Larson from dumping their billions of XRP on the market for your parabolic 90% dump. That will be the cue for "willing to hold XRP for 10 years" and "just bought back in" comments.
  6. Here's his argument since you are too lazy to Google, then copy paste: If you want to perform transactions, you either need to run a server or you need to use someone else's. If you don't want to have to rely on anyone else, you run your own. There is no additional cost to run a validator, it's literally just one command that you enter. In exchange, you have a say in the evolution of the network. You become a stakeholder. If you care about how the network runs in the future, you will want to have a say in how it operates. If the network has utility and value, those who benefit from it will want a say in how it evolves so that it maintains that utility and value for them. So they will have a financial incentive to be a validator. You can download rippled onto a PC and be up and running as a validator on a home Internet connection in five minutes. Basically, there is zero incentive to run a Ripple node. The exception might be a company or institution that cares about the xrp ecosystem. Who would that be? Oh I don't know..maybe a company/institution paid by Ripple with XRP? Im aware xrp is neither POW or POS. What I said is there is no incentive to run a node. I have my facts straight. Uh no. My criticism is about how Ripple is rent seeking.
  7. Xrp isnt the future but it is possible to walk away in profit before the end of this bull cycle. The type of retail investors from wsb that invest in coins like DOGE might pile into xrp if they see price go up. I agree xrpl is interesting but xrp is depressing. No smart contracts, no development, no staking. Ripple had to pay devs to copy paste code from ethereum and some other projects to make a 2nd layer for XRP so it can have these things. Problem is the base layer of XRP is not something people like. The monetary policy is.....Ripple decide how much to dump on you to raise funds to promote xrp. There's no mining, just 75 validators motivated to run nodes because Ripple probably pays them. There's no incentive to run a XRP node.
  8. It won't ever come to sanctions. No vassal state would refuse US requests over a Ripple node. Very little pressure is needed for compliance. We all underestimate the US government but the SEC did slap a lawsuit on Ripple. Smarter people learn lessons from it. Not to mention, Ripple would voluntarily shut down all their nodes and ask all partners to do so. They work WITH institutions, remember?
  9. Having nodes in allied and vassal countries isnt going to change anything. If you dont have nodes in Russia, China, North Korea and Iran everyother country will comply and shut it down at the risk of having sanctions slapped on them.
  10. Instead of trying to mind read you can refute my points, you know?
  11. It won't. Why would serious people with serious money throw down on a centralised network of less than 75 nodes that can be shut down over night by the US government? Why would you invest in XRP knowing Ripple and Jed have been dumping the supply on you on exchanges (confirmed by SEC report). Why would devs migrate to work on a centralised platform that can be shut down in a few days? To make Ripple richer? The only use case is speculation in a bull market. But even that has been limited because of the lawsuit and competition with 10000 other cryptos. The one good thing about xrp is it is scarce but that's meaningless if the government can shut you down.
  12. I'm going to drop some extreme hopium for you guys. Full disclosure I don't own any XRP and I think this prediction is Looney Toons but I do think this guy has talent for TA so he's not someone I just dismiss. And no I cant share this channel, it's a secret group.
  13. The only hopium I can give you is that in a bull market facts dont matter. Like Xrp going to $3 based on a rumor in 2017... A settlement rumor can push xrp above ATH. I think the SEC already crushed XRP because without the lawsuit the price would already be above previous ATH in fiat terms. I guess it would be accurate to say SEC crushed the XRP holders. My prediction - best case scenario xrp hits the ATH but doesn't go past it in a meaningful way. Maybe it managed to hit $3.80-$4.20 if all the stars aligned. Then a parabolic dump back to $1 for another 4 years.
  14. Not so long ago retail investors didn't know the value of XRP. Now they do and it's not something that can ever fight ETH for the #2 spot. It's #7 now and looks like it might get pushed out of top 10 this year.
  15. Utility that affects scarcity will affect the price. xrapid won't do this. My understanding is that they are just bouncing xrp back and force, nobody is holding the asset, therefore doesn't affect scarcity. For XRP, speculation will make people hold it. Also transactions have burned close to 10m xrp so as time goes by it gets more scarce. This is offset by Ripple dumping billions of XRP on it's holders. If Ripple could be forced to hold xrp or be unable to access the xrp escrow at all or much smaller amounts (not getting large quantity every month) that would help for scarcity and price.
  16. Ah ok. So I have set my address and I still have to claim it within 6 months of live date. Do I have to do anything or does the FLR automatically drop in my wallet? Also after 6 months, unclaimed FLR gets distributed amongst claimers?
  17. At the time, you had to sign a transaction to receive FLR to your address. Unclaimed FLR was said to be distributed to people that claimed. That's why I expected a lot more tokens than just 1:1.
  18. 100% agree. In particular ADA is what I believe could be 2021's version of 2017 XRP. Even if it doesn't go all the way to $12, I can plausibly see $6 at the peak of the mania. XRP would normally be a good candidate for retailer mania but the SEC crushed it. Why would retailers get behind a coin in limbo with a company being sued from every direction including the government went they could throw in proof-of-stake ETH killer? I can XRP going to around $1.30 if it crosses $0.86, then retracing back to $0.30 after BTC goes down 50-70%. Possibly higher if a settlement is reached early but this seems like wishful thinking. I'm more excited about the FLR distribution. If it even keeps half it's value today I'll be feeding steak to my dogs for a long time.
  19. I'm only getting 0.73% more than the XRP I held at snapshot (That mean if you had 10000 XRP you got 10073 FLR (spark).) Is this the case for you? You can check your FLR (spark) claim now on xrptoolkit or XUMM. I just find 0.73% very low. I was expecting to get around 15% more FLR (spark) tokens.
  20. If it wasn't for the SEC I'd still be holding XRP and I'm pretty sure the price would be over $1.00. I've turned a blind eye to a lot of things Brad and Ripple did but this was the line in the sand.
  21. I sold the bottom on more than a month ago xrp and went into ADA, ETH, XMR. My portfolio is way better off, almost triple XRP's current valuation.
  22. I'm just stating facts. Mainstream crypto speculators don't like Ripple. SEC doesn't like Ripple. A bit hard to balance this positives, this is the market and reality which is very biased and not nonsensical rubbish like you call it. I don't see many facts or evidence swaying my views. Unless you want to say the recent Telegram pump and dump price movement is positive. It's not just that they are claiming to be transparent and dumping in secret. They never disclosed the SEC was looking into them since April 2019. Read the SEC report and try to balance out your positive remarks yourself. Also I just want to point out that mind reading isn't a thing. Some people claim to know the emotional state I am or that I lost much of money and venting but you can understand that you are just throwing wild guesses right? I deal in facts and arguments not appeals to this kind of adhominem attack.
  23. I have no problem with XRP, it's Ripple everyone hates and making holders poor.
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