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MatinMontreal

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About MatinMontreal

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  1. I don’t get it either. Ripple’s services are for financial companies not the general public. This seems poorly targeted.
  2. They often seem to have no idea what they’re talking about. However, they realized few are rating this space and it’d be a way to build visibility for their brand. With that said, the average person will just read the headlines and not question their qualifications, so it may be marginally helpful that they are saying good things about XRP. Positive noise in the system.
  3. SEC Chair Jay Clayton has said crypto can be both a security and a non-security depending on use case. Impossible to see XRP being a security when it’s used by a FI to transfer value across borders on behalf of a customer. XRP is clearly not a security when used by third parties in xRapid. Whether direct or indirect sales of XRP by Ripple is a security, well, that’s for the court to decide.
  4. The future is impossible to know but there are various scenarios where it goes into the double or triple digits in the long run. But that future is impossible to predict right now. How about we just focus on getting to $5-$10 in the next few years? That’s a more practical vision for the future. And still a massive return on our investment.
  5. Using xRapid will be a ramp up process. A dozen banks may turn it on and only move $5 million a day for the first month, $10 million a day the next month, and so on. Don’t expect massive changes overnight. Also, it’s chicken-and-egg for use. The higher the XRP price, the more banks can use it but price comes from speculation driving it up.
  6. Well, one thing he didn’t know was EOY price! 🤣🤣🤣
  7. It’s all about the volume. Using but in small amounts, not at full capacity. We need to be at a regular daily volume of +5 billion before we see significant price increases.
  8. I don’t really care either way although they have very different personalities and styles which would be very hard for one person to maintain. They both contribute immensely to fighting FUD and educating others often with incredible patience and willingness to share the same information over and over again. If you don’t like them, don’t follow them but I think they are enormous assets to the ecosystem.
  9. Crawl, walk, run. XRP is just learning to walk. Patience. And keep an eye on volume. We need to reach 2-3 billion a day and rising before we get true lift off.
  10. As someone pointed out to me on Twitter recently, one key factor is the case being consolidated and moved to federal court (and the request for it to be remanded back to state court being rejected).
  11. Impossible to say. Daily volume has increasingly been over a billion the past month which is great news. However, I’d like to see this move up to an average of 2 or 3 billion over December and price would start to follow. The overall toxic market is really harming us. I’d call it a victory if we could more solidly decouple from the overall crypto freefall and climb up towards $0.80 - $1.00. Then, in 2019, I suspect there will be exponential growth as network effects take hold.
  12. Very nice! If you ever have time, would also be interesting to have a world map showing which countries have ready access to buy XRP.
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