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iLeeT last won the day on December 11 2017

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About iLeeT

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  1. No worries, I don't take the forum too serious anyway ;] Unfortunately, stopped caring much about crypto as well.
  2. Yeah, you are probably right. Still, if that's the case, this is probably the stupidest chart I've ever seen. Why even create a chart for this - just say account openings have increased 8 times since Nov 18th, what's the point even charting the 1 base number prior to that lol I'm still not fully convinced though, the volume on SBI VC Trade has been absolutely appalling - I won't be surprised if there are literally less than 1000-2000 accounts (which the chart would accurately describe) e.g. for the past 6h (and it's pretty much the same for the past couple of months) there are give or take 20-30 transactions in total, with total volume of about $10k - most guys here trade more than that on a daily basis. Thanks for the advise of curbing my impulse to find the worst in everything I'd rather not do it though, it saved me a ton of money during the past 2 years and critical thinking is quite valuable when investing in something, otherwise you'd end up with only cheerleaders that try to only see things that fit their agenda.. and you end up with.. well, the XRP army on Twitter. I think different opinions are crucial when forming your own.
  3. Slide 119 - 'In Response to Morningstar Japan's Announcement to Shareholders on the Implementation of Shareholders' Benefits (XRP), there was a Dramatic Increase in New Account Applications at SBI VC Trade' So, if I read the chart correctly the account openings increased from 1 (one) per day (probably Kitao and his family) to the stunning 8 people per day. #InTheBlinkOfAnEye
  4. Yeah, what's the point in making money all your life if you don't have a couple of years to spend it properly.
  5. He was a nice lad, likeable. All the best.
  6. You can fake market depth even easier in my opinion though so I'd imagine this 'liquidity' metric will be abused just as much on CMC.
  7. Burning 50% of the supply might cause an enormous pump and push us to .31c so I'm all for it.
  8. Can't really agree with that. If your perception of professional traders is the ones you see on YouTube, courses etc, then yeah - but these are essentially scammers that have IB agreements. The pros are doing a lot of research before entering a position (and using TA to decide when it's suitable to do so). If you google goldman sachs 10k filings (whatever year you want) and go to pages 80-100 of the pdf, there's a chart with net profits of their traders for each day during the year - the guys are in profit 80% of the days, and when they are not they are losing a lot less. And that's year after year, bull market or bear. On topic, I'd be interested to see some actual numbers from MGI i.e. how much money they save when using ODL (in terms of percentage compared to having pesos parked), what is the slippage when using ODL etc. etc.
  9. If people pay attention to IG stories as much as I do I'd imagine all 2-3M people that saw this forgot about it 3sec later, assuming they've even watched it and not just fast forwarded it.
  10. So tl:dr - you got doxxed so now you are doxxing others and you are a bit jelaous you got such a small percentage of the money you stole. Great stuff, crypto world in a nutshell.
  11. I think that's the main problem with xRapid at the moment, to me at least. The current setup where you involve two crypto exchanges to send money x-border is way too simple and won't/can't scale in my eyes. Yes, XRPL is decentralized and you can quickly send XRP from point A to point B, but with the current setup you still trust two exchanges. What's even worse is these are essentially crypto exchanges - also, because at the moment it makes more sense to target exotic corridors these are essentially smaller exchanges. They lack volume, personnel and security (mostly due to lack of personnel) - in the past 1-2 years there were a lot of crypto exchanges that got hacked, a lot of exchanges did an exit scam. So let's say you sign 10-15 banks to use xRapid to send money in the USD -> MXN direction. What happens if Bitso gets hacked or does an exit scam? Your whole corridor becomes virtually dead. Not to mention that currently you'd have to park at least some amount of money on both crypto exchanges so that you don't wait for a bank transfer for example from your local bank acc to Bitstamp as this can take a long time. And what happens when you try to scale this, when you want to include more exotic fiat pairs - there aren't any crypto exchanges that are dealing with fiat or if there are, the volume is less than what I trade at Binance.. e.g. how do you send money to an African country using xRapid? You wait for a shady crypto exchange to open up? Ha. I think the money from Xpring should've gone to resurrecting XRPL DEX which is pretty much dead at this point instead of investing in some dumbаss Ethereum projects or some bitcoin ATMs. The second option would've been probably for Ripple themselves (via a 3rd party most likely) to start opening up legit exchanges in exotic countries, but I don't think there are any signs for that. Or maybe a global pool of liquidity (xPool?).
  12. I think Ripple doing an IPO would be very, very bad news for XRP - one could argue that in a matured market this could be seen as a good thing, but crypto is far from a market that makes sense. I would imagine *a lot* of holders and speculators will be selling XRP in order to buy Ripple stocks. I can also picture the FUD that will immediately start - 'now that Ripple is super well funded and stopped sales of XRP would they even bother trying to increase the value of XRP'. Imo, as soon as Ripple announces an IPO the price of XRP will tank a lot, probably more than 20% in 24h, I don't think Ripple will do this. Also, going public they'll need to obey a lot of rules etc. and constantly trying to please investors. Currently, the crypto is a bit of a grey area and they can still sell on the market and OTC without giving any explanations or promises - and they have the supply to do this for the next 10-20 years, can't imagine they'll give up on that.
  13. If they literally say 'Every entrepreneur will use the digital asset XRP and the XRP Ledger' and then about 90% of the projects have nothing to do with that, apart from Wietse's XRPL Labs project (which by the way got probably the least amount of money), then no matter how you slice it - it's misleading (and this is politely put). Can they simply change their investing strategy? Absolutely, it's their money/XRP. Was it communicated in the same way the initial Xpring initiative was announced? Absolutely not. Should we really care? Normally I wouldn't care at all if Brad wasn't arrogantly bragging all the time about 'transparency' etc. and then continually misleading with tweets, the latest one being Dharma. And no, most of the products sponsored can't be used with XRP. What Ripple are doing is pretty much VC - which is arguably alright, just annyoing that they are selling it to the community as if they are paving the way for XRPL.
  14. The rate of programmatic sales is/should be already lower since June according to Ripple ( https://www.ripple.com/insights/raising-the-bar-reporting-on-volume-and-sales-of-xrp/ - 'this means Ripple’s sales of XRP in Q2 2019 will be substantively lower (as a percentage of reported volume)') Wasn't using market cap for my percentages, was just using CMC (the website) to track the increase in the circulating supply and it seems pretty accurate - the BTC increase matches pretty much the 1800 per day from mining rewards whereas the 370M XRP looks pretty much correct when considering Ripple's OTC, programmatic sales and Xpring, it's probably about $110M worth for the past two months and in Q2 Ripple sold about $250M worth of XRP so I'd say it's about right. I hope utility will drive price increase at some point, but I fear I might be long gone before that happens Hopefully it will happen in the next 2-3 years, but looking at the past 2 years I'm pretty skeptical - speculators and demand will be the deciding factors for the foreseeable future imo.
  15. It's not though. In Q3, just purely looking at the CMC XRP circulating supply has increased by ~370M which is about 0.85% of the total one, BTC has increased by ~110k or about 0.6% of the total one. But the biggest difference is that BTC volume ( https://messari.io/onchainfx ) is about 15 to 20 times bigger than the XRP one on average so it should be much, much easier to handle the new supply (mind you, it still affects the market, hence why usually halvings trigger bull runs)
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