Jump to content

iLeeT

Silver Member
  • Content Count

    1,059
  • Joined

  • Last visited

  • Days Won

    1

iLeeT last won the day on December 11 2017

iLeeT had the most liked content!

6 Followers

About iLeeT

  • Rank
    Veteran

Recent Profile Visitors

2,411 profile views
  1. I find it hard to believe, no offense.
  2. There's your formal confirmation -
  3. Sorry to burst anyone's bubble, but that's not how LinkedIn UI works.
  4. Well, more than 2 years ago if I remember correctly he said that if XRP volume and liquidity is the same 1 year later (we are now 2.5 years later) he'll leave/get fired. Not counting the massive amount of wash trading and fake volume, the volume is actually a lot less than what it was in 2017 so I guess he finally decided to leave. About 1.5 years too late, but better late than never.
  5. Tiffany seems to have lost the plot a bit.
  6. @quan , I don't want to get into lengthy discussions to be honest as I won't change your mind about anything and you probably won't change mine either, but since I'm under quarantine anyway let me address some of the points. Of course. Almost all coints have no utility and they've been around for more than 5 years. Heck, coins like ETC even got 51% attacked, devs left and they are still in top20 of the market. Another example - LTC, been around for ages. Just a stupid fork of BTC, barely any development for the past 2-3 years, just look at their github repo - https://github.com/litecoin-project/litecoin/commits/master Even the only use case left for BTC got annihilated last week when BTC lost 50% in a day. Safe haven my аss. It was more or less dragged by BTC (and to be honest ETH) that triggered the bull run. Obviously, I'm not saying that the fact XRPL is such a good tech doesn't add value - on the contrary. But it's not essential in this market. It's all about supply and demand at the end of the day. That's alright. I'm just saying I don't consider this as investing in its purest form. To be honest, from the beginning they announced they'll be investing in companies and startups that work on XRPL (which is exactly what expanding and building the ecosystem is) - however, that plan got thrown away. Probably about 10-20% of the money from xpring went into XRPL. I think it's too late for Ripple to do much anyway. It's not an easy issue to solve by any means. The value of XRP is only created by speculators and degenerate gamblers (myself included) They might be rebuilding the global financial infrastructure (they are not, but don't want to go into that), but the XRP use case is a specific one, it's not tied to rebuilding the whole financial infrastructure. Anyway, just my .02c, take it or leave it
  7. No, it's not. 99% of the coins out there don't have much of an ecosystem and are able to outperform the few 'utility' tokens. Investing into an ecosystem by selling your gifted tokens is hardly considered 'investing', is it. More than a billion dollars later there isn't a single bank using XRP - I'd argue the price of XRP now would be worth twice as much without all those xPring and the likes investing.. which in most cases has nothing to do with XRP, it's just expanding Ripple's business.
  8. They are not a large investor, rather large stakeholder. Hard to 'invest' too much when your whole stack was gifted to you.
  9. Just my .02c what might happen after a Ripple IPO: - Institutional money, hedge funds etc. (the big money a lot of people are actually hoping to start flowing into crypto and/or XRP) would almost certainly prefer to hold Ripple stock rather than buy XRP for various reasons - lower risk, regulated market, dividends etc. - A lot of XRP holders might convert some of their stash into a Ripple stock -> could lead to somewhat short-term selling pressure. - For a crypto noob or a new investor, XRP could be seen only as a high risk speculative token that is being traded on a manipulated market, prone to pump and dumps. New-joiners would probably prefer Ripple stock or CFD on leverage. - I can also imagine the FUD campaigns if we have both a Ripple stock and XRP - if you think it's bad at the moment (i.e. XRP has no use etc.) just wait until there's an actual way to buy Ripple stocks. That being said, crypto market is mostly algos and bots so if the above means Ripple to stop selling XRP on the open market it might be somewhat beneficial in the long run and XRP could compete with the likes of ETH and BTC during bullruns. Just compare Q1 2020 without sales from Ripple on the open market to Q1 2019 - XRP is pretty much on par with BTC during bull runs. In Q1 2019 it got absolutely hammered.
  10. Indeed. However, my post wasn't prticularly bullish, I feel like Ripple IPO will be absolutely terrible for XRP (although it might not be as bad as Ripple continue selling on the open market for the next 10 years, yet to be seen). Another thing is a long time ago Brad I think mentioned they don't really rely on XRP sales to keep the ligths on which is not true (I didn't believe it back then for 1 second, but I'd imagine a lot of people did)
  11. With the aggressive expansion of offices, hiring etc. I'm not really surprised they wouldn't be profitable without XRP sales, after all they were selling a lot in the past 2 years. I don't think the new secured funding of $200M will secure them financially for very long so they'll either have to start selling XRP on the open market or they'll do an IPO. It seems the latter is the option Brad G is going for.
  12. You make some fair points there, but there are some things to consider. Like I said, BTC model with miners dumping all the time is just as flawed. But you can still see it has an impact on the price, if you look historically bull-runs are around/after halvings.. which is expected. Also, keep in mind that BTC volume and liquidity is much better than XRP, the volume is usually about 7-10 times higher than XRP so it's easier for market to absorb over-supply. I don't agree that all alts are similarly down from ATH.. The difference between being down 86-7% from ATH and 94% is massive if you start doing the calculations e.g. XRP needs to do a 100% price increase from here to reach the 'down from ATH' level of ETH 'Everyone keeps blaming Ripple' - that's because it's an XRP-related forum I can talk about all other coins' flaws, but will go massively off-topic
  13. Well, Ripple are the major owner of XRP - I'd say it's normal for them to have an impact on where the market is going when it comes to XRP. What is your theory on why XRP is unable to catch up to the rest of the market when it comes to rallies (during the past 1 year in particular) - genuinely interested, I'm yet to hear a valid alternative argument. The only one I've heard is - 'well, the market is manipulated and whales are suppressing the price of XRP as it's a threat to BTC'. But, then again, aren't whales considered the ones with a lot of XRP?
  14. How? Even the CEO of Ripple admitted they sell OTC at a discount with a lockup period in one of his interviews. The price last 3-4 months was dropping as the market follows BTC when it's dropping (mostly trading bots etc.). The problem is when BTC starts rallying - that's when XRP was really left behind due to selling pressure. Now it's a little to late as for me at least, the market for XRP speculators was pretty much killed in Q1 2019.. Crypto in general is not very liquid so if you think cashing out on $1B in 2 years has no effect on the price, then you underestimate the basic principles of supply/demand and how trading works
  15. That doesn't mean it's a good thing. I never liked the bitcoin model with mining and constantly dumping coins on the market as well.
×
×
  • Create New...