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WillGetThere

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  1. Like
    WillGetThere reacted to MaxMad in Epic Pennant on BTC Chart   
    Not to be a kill joy but until we see Corona virus directly effecting price can we ease up on the posts, dont want to derail the point of this thread. 
  2. Like
    WillGetThere reacted to Molten in Epic Pennant on BTC Chart   
    Scary times.  A few points:
    1)  The mortality rate of 2% is remarkably consistent no matter which country is reporting. For instance, the Lombard region of Italy has had an outbreak and recorded 2 deaths out of 132 cases thus far.  So, while I don't inherently trust Chinese reports, we have more credible reports of the same.  The majority of the deaths are attributed to the elderly and, thankfully, it seems children are essentially immune to this virus.
    2) You are making the assumption that all the bodies being burned 24/7 are deaths due to virus.  This is very likely not the case, unless you are suggesting that these funeral homes burn only the victims of COVID-19?  And how is anyone confirming that all these funeral homes are running at max capacity?
    3) That video seems to be a misappropriation meant to scare people.  Those screams make no contextual sense.  People who have severe colds and/or pneumonia don't scream out of their windows randomly.  It sounds more like some type of event/celebration in the streets that seems much more ominous when you present it in this context.
     
     
  3. Like
    WillGetThere reacted to Molten in Epic Pennant on BTC Chart   
    Mortality rate from COVID-19 is 2-3%, more in line with seasonal influenza (~1%) than more serious outbreaks such as SARS (mortality ~10%).  COVID does appear to be very contagious, however, which is what is spooking the market.  I think it is likely that it will eventually spread into a pandemic but I also think the risk it poses to the general population is being severely overplayed in the media.
    ZeroHedge is not a credible source of information.  They have been predicting the end of humanity since their inception.
  4. Like
    WillGetThere reacted to Archbob in Charting the course of XRP   
    Because geneally, none of this XRP TA really matters. It basically just follows Bitcoin more or less. People always says its decoupled but in reality, its not.
  5. Thanks
  6. Thanks
    WillGetThere reacted to BANKXRP in Ripple's Navin Gupta & Mike Novogratz Galaxy Digital. Africa Summit   
    Ripple's Navin Gupta & Mike Novogratz Galaxy Digital. Africa Summit
    Navin Gupta Managing Director, South Asia and MENA, Ripple Mike Novogratz Founder and CEO, Galaxy Digital" Moderator Staci Warden Executive Director, Global Market Development, Milken Institute This was Live streamed. I edited the highlights and enhanced the audio.
     
     
  7. Like
    WillGetThere reacted to automatic in Moneygram Q4 earnings call   
    Earnings call was expected on the 10th, but now supposedly it is scheduled for the 28th or something like that.   There is much speculation online that this delay is somehow related to some major incoming announcement since the only time MGI has previously delayed the call was when a potential buyout was in the picture.
    Prospects for a speculative P&D will be high over the next couple of weeks or so.
  8. Haha
    WillGetThere reacted to Flintstone in The National Bank Of Egypt Teams Up With Ripple, XRP Price Needs To Break Past This Key Level   
    I can imagine you asking on a first date “where’s our baby?”
  9. Haha
    WillGetThere reacted to retep in BTC is hitting $9300   
    I don't know how many people own xrp, but i'm sure that there are hundreds of thousants who bought a little all the way to a big stash,
    so let's say that xrp would go up to 100 dollars, then the world would be flooded with an entire army of new millionairs including myself
    and i find it hard to believe that will ever happen.
  10. Like
    WillGetThere reacted to QWE in BTC is hitting $9300   
    "Some analysts estimate that thanks to the stock options the company gave to early employees, Microsoft had created three billionaires and as many as 12,000 millionaires by 2005. And even for those who didn't quite get to those heights, the rewards were huge."
    https://www.businessinsider.com/microsoft-millionaires-who-spent-their-money-magnificently-2015-8
     
    This is Microsoft alone.
  11. Like
    WillGetThere reacted to Trentsteel in BTC is hitting $9300   
    It won’t, most will sell before realising it’s true worth 
     
  12. Thanks
    WillGetThere got a reaction from Cesar1810 in BTC is hitting $9300   
    Guys, it takes a reasonable amount of efforts and patience to hold XRP as it trades sideways most of the time. XRP is probably the most boring DA out there.
    However you better get ready for epic appreciation and when (not IF, but when) it happens XRP will leave all (majority for sure) other DA behind in terms of % price growth.
    Its difficult to say when exactly will that epic XRP price growth commence, but my gut feeling tells me that it will be close to to BTC reaching its ATH (my guess is late 2020 - 1H2021). If you have a look at XRP price behaviour it was only once, in 2015 i guess, when it appreciated not linked to BTC run for its ATH.
    I agree with @Julian_Williams that adoption goes quite well, but it does not matter yet if we talk about XRP price rise.
    Jed's dumping will not matter during the next epic XRP price rise.
    What matters, as of today, in this wild market are: cycles, psychology of trading/investments and BTC ATH. That is it.
    When the next XRP price rise kicks in no one will moan about Jed or Ripple IPO or supply or adoption being slow or fast. Everyone will be nice and smiling here wishing good night to one another or asking how did you sleep at night, etc. I saw that in 2017 here.
    Stay calm and patient or sell otherwise.
    It looks like XRP investor has suffered the worst during the last couple of years.
    And yes: DYOR, do not invest more than you can afford to loose, have your exit strategy ready and stick to it. 
    And yes 2: make sure your mind is not obnubilated by XRP price rise - i.e. do not wait for XXX pricing, don't get caught.
    Not a financial advise. DYOR.
    Cheers)
     
  13. Thanks
    WillGetThere reacted to LeonidasH in The National Bank Of Egypt Teams Up With Ripple, XRP Price Needs To Break Past This Key Level   
    https://www.xrparcade.com/news/the-national-bank-of-egypt-joins-ripplenet/
  14. Like
    WillGetThere reacted to Panopticon in The National Bank Of Egypt Teams Up With Ripple, XRP Price Needs To Break Past This Key Level   
    Get out of here no bank will ever use that XRP scam coin 
    Thanks @LeonidasH, good news are pilling up!
  15. Like
    WillGetThere reacted to WuWei in The National Bank Of Egypt Teams Up With Ripple, XRP Price Needs To Break Past This Key Level   
    This!!!  "Dalia El-Baz (Vice Chairman of the NBE) also added that the RippleNet network includes more than 300 banks and financial institutions spread in all countries of the world and it is expected that the number of subscribers to that network will grow exponentially,..." 
  16. Like
    WillGetThere reacted to Molten in BTC is hitting $9300   
    Obnubilated... What does this word mean and how can I better incorporate it into my vocabulary????
  17. Like
    WillGetThere got a reaction from LetHerRip in BTC is hitting $9300   
    Guys, it takes a reasonable amount of efforts and patience to hold XRP as it trades sideways most of the time. XRP is probably the most boring DA out there.
    However you better get ready for epic appreciation and when (not IF, but when) it happens XRP will leave all (majority for sure) other DA behind in terms of % price growth.
    Its difficult to say when exactly will that epic XRP price growth commence, but my gut feeling tells me that it will be close to to BTC reaching its ATH (my guess is late 2020 - 1H2021). If you have a look at XRP price behaviour it was only once, in 2015 i guess, when it appreciated not linked to BTC run for its ATH.
    I agree with @Julian_Williams that adoption goes quite well, but it does not matter yet if we talk about XRP price rise.
    Jed's dumping will not matter during the next epic XRP price rise.
    What matters, as of today, in this wild market are: cycles, psychology of trading/investments and BTC ATH. That is it.
    When the next XRP price rise kicks in no one will moan about Jed or Ripple IPO or supply or adoption being slow or fast. Everyone will be nice and smiling here wishing good night to one another or asking how did you sleep at night, etc. I saw that in 2017 here.
    Stay calm and patient or sell otherwise.
    It looks like XRP investor has suffered the worst during the last couple of years.
    And yes: DYOR, do not invest more than you can afford to loose, have your exit strategy ready and stick to it. 
    And yes 2: make sure your mind is not obnubilated by XRP price rise - i.e. do not wait for XXX pricing, don't get caught.
    Not a financial advise. DYOR.
    Cheers)
     
  18. Like
    WillGetThere got a reaction from DannyRipple in BTC is hitting $9300   
    Guys, it takes a reasonable amount of efforts and patience to hold XRP as it trades sideways most of the time. XRP is probably the most boring DA out there.
    However you better get ready for epic appreciation and when (not IF, but when) it happens XRP will leave all (majority for sure) other DA behind in terms of % price growth.
    Its difficult to say when exactly will that epic XRP price growth commence, but my gut feeling tells me that it will be close to to BTC reaching its ATH (my guess is late 2020 - 1H2021). If you have a look at XRP price behaviour it was only once, in 2015 i guess, when it appreciated not linked to BTC run for its ATH.
    I agree with @Julian_Williams that adoption goes quite well, but it does not matter yet if we talk about XRP price rise.
    Jed's dumping will not matter during the next epic XRP price rise.
    What matters, as of today, in this wild market are: cycles, psychology of trading/investments and BTC ATH. That is it.
    When the next XRP price rise kicks in no one will moan about Jed or Ripple IPO or supply or adoption being slow or fast. Everyone will be nice and smiling here wishing good night to one another or asking how did you sleep at night, etc. I saw that in 2017 here.
    Stay calm and patient or sell otherwise.
    It looks like XRP investor has suffered the worst during the last couple of years.
    And yes: DYOR, do not invest more than you can afford to loose, have your exit strategy ready and stick to it. 
    And yes 2: make sure your mind is not obnubilated by XRP price rise - i.e. do not wait for XXX pricing, don't get caught.
    Not a financial advise. DYOR.
    Cheers)
     
  19. Thanks
    WillGetThere reacted to KarmaCoverage in Crypto in a divorce   
    * I am not a lawyer. This was under Florida state law.
    There was nothing legally ground breaking, but I figured I'd share how the crypto was addressed.
    Basically they treated it as a "property" or an "investment" (like a stock). I almost had to pay out on the appreciation of the XRP that occurred during the term of the marriage, but since I have never sold, and bought pre-wedding, the XRP was considered "a pre-marital asset". Therefore she had no rights to make a claim on the appreciation.
    It did become a potential issue that I had moved some XRP between wallets during the term of the marriage. I had several wallets with XRP in them from testing stuff for KarmaCoverage back in the day, and I consolidated them into a cold wallet during the term of the marriage.
    The XRP is still in my cold wallet, and since I never moved it from there, I could prove that ownership never changed, and that I had not sold, or cashed out. They were trying to say I was hiding funds, I wasn't. Then when they finally understood that it is a "Public Ledger", and that hiding stuff is impossible, that ended that bs.
    All and all I came out unscathed, and kept all my XRP . I even offered her $X, then she argued, and got 25% of $X, lol.
  20. Thanks
    WillGetThere reacted to Mitty in David Schwartz to present regarding (NO) compensation to XRPL node owners   
    Galgitron:
    Seems pretty clear now that David and Tiff had a falling out, which explains her assault on XRP.
    David:
    I haven't spoken to her in a long time but the last few times we spoke weren't unusual. I don't think she would say anything she didn't really believe. I do wonder what's up but haven't reached out.
    Baris Sozen:
    She is worried about Ripple net nodes not getting compansated by anyhow and wouldn’t run node voluntarily long run as far as I understood.
    David:
    I'm going to be giving a presentation on exactly that shortly. I think we got it right, but it is certainly controversial.
    https://twitter.com/JoelKatz/status/1226376091700363264
     
    This is going to be interesting. David says the solution will be controversial. Fee diversion? ripple compensation? inflation?
    After @Flintstone pointed out i may have misread Davids tweet i have done some further reading and I did misread.
    The following tweet(7th Feb 2020) from Xpring: https://twitter.com/XpringDev/status/1225926663881408512
    has an article regarding running a XRPL validator. 
    https://blog.xpring.io/running-an-xrp-ledger-validator/
    The last paragraph of the article states:
    "If you want to learn more about natural stakeholders and the design decision behind no incentive, then we invite you to attend a talk by David Schwartz, Chief Architect of the XRP Ledger and CTO of Ripple, titled “The Best Incentive is No Incentive” at Stanford Blockchain Conference."
     Stanford Blockchain Conference is occurring on the 19th of Feb to the 21st of Feb. 
  21. Thanks
    WillGetThere reacted to brjXRP17 in Cooperative Entertainment v. Ripple Labs   
    Guys, 
    Quick update on this case. Two days ago, on 2/6, Cooperative Entertainment, Inc. dismissed their own patent infringement lawsuit against Ripple Labs, Inc. with prejudice (permanently). Seems like a settlement to me by Ripple Labs, Inc. Again, Cooperative Entertainment was alleging that Ripple's software product(s) were infringing on a patent filed by Cooperative Entertainment. 
    IF there was a settlement,
    1) we will never hear about the dollar amount paid to Cooperative Entertainment unless it were to leak (doubtful), and
    2) arguably, the decision to settle was probably easier than stringing this case out for at least one year, probably longer. It would have been a business decision to put this one behind them, even if they had a few good defenses. 
    Lastly, with this lawsuit behind Ripple, the only case still outstanding is the securities lawsuit. Will update the community once we judge issues an order. 
    https://www.xrpchat.com/topic/33506-ripple-lawsuit-tracker-november-2019-update/
     
    @Snoopy, @Pablo, @WillGetThere, @vlad_got_it, @jcdenton, @Mrsrippley, @xrpisking
     


  22. Like
    WillGetThere reacted to AlejoMoreno in Epic Pennant on BTC Chart   
    They key with crypto is that, the market my destroy your analysis and make you wrong many times BUT, a bull run will start eventually. 
    The bull run will often start at the moment when we least expect it; it’ll be like a crack of thunder that makes all of the animals run out of their nests in the forest. 
     
     
  23. Like
    WillGetThere reacted to QWE in Epic Pennant on BTC Chart   
    I completely respect your decision in doing that, but would you mind explaining the rationale behind your statement?
     
    Facebook, Google, Apple, Amazon, Microsoft and others all did an IPO and were successful, and are all dominant giants in their respective fields today. Not only that, take a look at Amazon, Facebook and Microsoft – all have their founders still at the helm of the firm (I take Steve Jobs would still be, if he were alive) with a clear vision that has evolved further over the years.
     
    Every company is profit motivated, so why would anyone (a founder or a shareholder) want to hurt the price of their biggest asset, which is in Ripple’s case XRP? Let’s be honest, the largest part of Ripple’s valuation today IS the XRP supply they hold. If the company owners said or even hinted at something like “you know what, let’s forget about XRP from now on”, it would directly hurt the price of their stock, short term and long term.
    It’s like owning nearly half of all the cars in the world (this being where most of your company’s valuation comes from) and then saying “you know what everyone, we think horses work better than cars so we’ll stop building the infrastructure and let the cars rot in the parking lot until they are worthless, we don't care about them anymore”. Wouldn’t you, as an owner or a shareholder of the company, want the cars to start being used as soon as possible, so they are worth more? Maybe not the best metaphor, but I would still like to hear a valid explanation for your statement “the profit-motivated company sh*ts on XRP”. To me, that’s a completely contradictory statement.
  24. Like
    WillGetThere reacted to JASCoder in Epic Pennant on BTC Chart   
    This point is further underscored by this:
    How ANYONE can think that the World's banks and other FIs would entrust their dependance on new services to an opaque and private US company must be smoking some good shit mon.
  25. Like
    WillGetThere reacted to QWE in Epic Pennant on BTC Chart   
    I agree that we can never know if the miners actually sell their Bitcoin right away or not, but the fact is, mining costs 300 million USD per month in electricity alone and they have to pay it (monthly), either by selling Bitcoin or spending their own cash.
    However you turn it, it either adds 300 million USD per month to selling pressure (by selling BTC), or removes 300 million USD from buying pressure, because the money spent on electricity could have been spent on purchasing BTC instead. Either way, it is 300 million USD removed (or not added) from the ecosystem monthly.
    I also agree the demand for Bitcoin has been higher in the past 12 months compared to XRP. My argument was that the selling pressure on XRP is obviously decreasing (by Ripple selling less), while 300 million USD will continue to either be cashed out, or not invested in Bitcoin each month.
    I completely agree with what you have written, and as I stated in my second post, the price is driven purely by speculation and manipulation. The main point I was trying to make is that Ripple’s sales obviously did not have a significant effect on the price, since they decreased their sales by more than 90% from Q1 to Q4 2109, and the price did not increase. In the coming months, it seems their sales will more or less dry up, so it should be an argument in favor of purchasing XRP, rather than something to be afraid of.
    To sum up, Ripple doing an IPO is translating into a direct decrease of (at least short term) XRP selling pressure, since they will now be able to get money elsewhere. It was a reply to @Eric123 and others stating they will stop buying XRP for now, because Ripple is doing an IPO. I am just taking his own argument and showing my surprise, because I consider IPO a good thing for XRP, not something to be fearful of. I was also replying directly to the statement that they might be doing an IPO because they could not sell 1 billion XRP per month if XRP reached 10 USD, which I hopefully disproved in my first post.
     
    People like to repeat the statement “buy low, sell high”, but once an asset hits the “low”, they are afraid to invest and start looking towards other assets, because “they increased more in the past 12 months”. Aren’t these two statements kind of contradicting? I would say fundamentally XRP is better positioned compared to BTC since 2017, so pushing all feelings aside, it makes more sense to DCA XRP than BTC right now. Technically speaking, XRP/BTC is approaching its 2 year low, BTC dominance is peaking, so to me, that’s just another argument for XRP (and other alts, to be fair), if I want to follow the “buy low, sell high” mantra. Unless you believe Ripple is preparing an exit scam under the watchful eye of the SEC (who is obviously aware of XRP, Ripple and Brad Garlinghouse et al. personally), then by all means, you should invest in something else.
    @AlejoMoreno I also took the liberty to bold the word "now" in your quote, because we all know how quickly a digital asset attracts buyers in crypto world once it starts appreciating
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