

bachmanity
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I have traded in and out of XLM at different times during the last year. I don't currently hold any. During a bull market its good to diversify, during a bear market its good to consolidate. I think stellar has some interesting potential but they really just have one big thing going for them which is IBM. All the other uses seem to be small and more focused on stellar protocol rather than XLM. Even with IBM they seem more interested in the stellar protocol. I only ever hear about Jessie Lund being bullish on XLM and he has been unashamedly anti Ripple. The biggest reason I dislike XLM is because of its low volume and the mass amounts of undistributed, still growing number of lumens. Every time XRP pumps, XLM follows. This tells me that the low volume of XLM is manipulated. So like most other coins there is no real utility going through it for now I think XRP seems to be the only coin right now that could break free from BTC as XRP utility increases from xRapid use. I fully expect a further fall from BTC so I want to be in the one coin which I think has potential to stand on its own in this bear market.
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SEC ruling on Bitcoin ETF's
bachmanity replied to rippleforever's topic in Alt-Coins and General Fintech
Extremely unlikely The deadline for comments is tomorrow but the deadline for a decision later in December. Then they can delay that postpone it till late February, that's when they're out of delays and must make a ruling. Its anyones guess if they'll do it before then -
Bill Gates Foundation Expands Partnership With Ripple As XRP Launches on Nexo and Omni
bachmanity replied to GiddyUp's topic in Press
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Polysign website up: Ripple co-founder Arthur Britto is Founder/Pres, VP Product was Ripple's first product manager, David Schwartz is board member
bachmanity replied to Tehol_Beddict's topic in General Discussion
Just saying, Ive never seen Arthur Britto and Professor Xavier in the same room together -
To Our XRP Chat Lawyers: Is this as important as I think it is?
bachmanity replied to Paradox's topic in Regulation
I hope just as much as anyone that it is that simple but from what im reading from people who seem to be impartial attorneys, this is not the case. This ruling means that "My Big Coin" can be prosecuted by the CTFC, but it won't stop a different judge from allowing the SEC to prosecute some other crypto for being an unregistered security. It will be interesting when xyz crypto is getting sued by the SEC and tries to use the argument that they are a commodity based on the my big coin ruling. FinCEN ruled that XRP was a currency several years ago when they settled a suit against Ripple, it very specifically said in that settlement that it does not bind any other government agency. Any US government agency will try to call crytpo something different to benefit themselves and the US law is so ambiguous for cryptos at the moment that for now judges take them on a case by case basis. Sorry to cause a schism in the echo chamber but just throwing the info out there. -
To Our XRP Chat Lawyers: Is this as important as I think it is?
bachmanity replied to Paradox's topic in Regulation
Read this thread The ruling is not as significant as the headlines make it sound. The ruling only applies to this case. It does not mean that other cryptos are not securites -
Prediction of XRP price in 2024 based on "Blockchain in Payments 2018" report by Ripple
bachmanity replied to a topic in XRP Trading And Price Speculation's Topics
It doesnt necessarily increase the price below a certain threshold/volume but there are several reasons why its very likely to increase. In order that I see it happening: 1: speculation. Too many attempts at valuation dont mention anything about the frenzy that will come from speculators 2: scarcity. Yes i know there are almost 40 billion XRP circulating but its likely there is a much smaller percent actually available for trade at any one time. If daily volumes start to get into the 10, 20, 30... billion per day day then XRP will become scare if the price is low enough 3: Jevons paradox. The more volume that starts to run through XRP and the more people using it, the more uses that will be added or invented for it Anyone think of more reasons? -
Ripple (XRP) News –SBI, Banco Santander, MUFG Bank, Others In RippleNet Committee Meet Ahead Of SWELL 2018
bachmanity replied to lawalkhalid's topic in Other Press
https://ripple.com/insights/swell-2018-kicks-off-tomorrow/ Here's the link from Ripple themselves -
Federal judge rules virtual currencies are commodities
bachmanity replied to Yodaxrp's topic in Alt-Coins and General Fintech
I think his opinion was that it doesn't really mean much. Its a catchy headline for crypto websites but it might not be as significant as people make it out to be. The US is a mess on crypto: CFTC says commodity FinCEN called XRP a currency in their settlement several years ago IRS taxes it as property SEC says maybe security, maybe not, maybe it is a security until it transitions to not being a security Buffet says its rat poison -
Federal judge rules virtual currencies are commodities
bachmanity replied to Yodaxrp's topic in Alt-Coins and General Fintech
This guys is an attorney who commonly works on defense cases against the SEC -
Didn't Warren Buffet famously say "diversification is protection against ignorance. It makes little sense if you know what you're doing"
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'That's propably why Swift doesn't bought Ripple YET'
bachmanity replied to curvicurvi's topic in General Discussion
Amazon wasnt even compared to wallmart or the big retailers until much later in its life. It was initially laughed at because barnes and noble or borders bookstores were just going to ramp up their own internet sites and that would be the death of tiny amazon. Sounds pretty similar, swift or some bank are just going to copy Ripple and XRP and that will be the death of us. I think too many people under estimate what Ripple has already accomplished and cant see how difficult it will be for banks or swift to hire and steal away some of the smartest and brightest minds in crypto and make up for 5-6 years of lost time. I just dont see that happening -
High probability .245 was bottom
bachmanity replied to AlibabaGrp's topic in XRP Trading And Price Speculation's Topics
The bottom is definitely close but I have the feeling that the upcoming VanEck Bitcoin ETF decision may have a big impact on whether we have seen the bottom or not -
Cory Johnson: "the world just got whole lot smaller" -- tagged to #XRP
bachmanity replied to VanHasen's topic in General Discussion
Yes true, was just pointing out that i think XRP charts will be a better source of info than CMC (and i refuse to use CMC anymore after what they did back in January with pulling all of the korean data without telling anyone) As I know SBIs VCTrade doesnt have public APIs. A lot of people were expecting them to become a giant of an exchange but i think were all still kind of in the dark as far as knowing how SBIs exchange has been doing. -
Cory Johnson: "the world just got whole lot smaller" -- tagged to #XRP
bachmanity replied to VanHasen's topic in General Discussion
I dont think that it will necessarily show up on CMC or livecoinwatch. It only will if the exchange that is being used during XRapid has an API available to the public I believe that it should show up on the XRP charts though (someone please correct me if im wrong) https://xrpcharts.ripple.com/#/ I remember a year ago when the payment volume used to be pretty low, usually around the XRP ledger trade volume (somewhere between 2-5 M). Over the last 6 months the payment volume has greatly increased, now its normally over 50M and frequently gets over 100M