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Ripple-Stiltskin

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Posts posted by Ripple-Stiltskin


  1. 5 minutes ago, AlvaroXRP said:

    Well, if you don't care being fooled it is up to you. People say Ripple owes us nothing but I think they do, at least they owe us honesty. 

    This goes for the whole of crypto. It’s an unregulated Wild West, everybody’s shooting in the air now and then.  So I stopped taking “news” serious long ago and I’m not overinvested. This means I can take it all with a grain of salt and enjoy the game. If it runs I won’t be super rich, but this attitude made it possible to stay here and in crypto longer than most others. 


  2. 14 hours ago, Scout said:

    Price of Bitcoin would need to be $160,000 per coin before XRP could achieve a price of $30. I don't see BTC reaching that price.

     

    14 hours ago, Scout said:

    Which is why the really smart people never attempt to predict a price point. No one can predict the future price with absolute certainty as nothing is for certain.

     


  3. 2 minutes ago, Archbob said:

    Depending on what the percentage is, it could be several hundred billion to 1 or 2 trillion(depending on if you use CMC's circulation supply or Forbes's circulating supply) and eventually when we actually reach 99 billion supply, it will reach into the trillions if the price of XRP at $100. I'm pretty sure the % that want to sell will be greater than 15% at $100, even incrementally. You can't even move the price up 4 cents right now, without pressure selling it back down.

    You’re describing a certain market condition ( order book disbalance) where there are far more sellers (15%) than the # of buyers that are willing ( and not: “ capable”) to buy.  Yes, in that case the price will tank.  But this is not a mathematical principle at all. There were and will be times the opposite happens, and price will rise accordingly. Fast or slow. With or without a retrace. 

    There’s no fundemental principle that prevents XRP to reach $ 100, given time and buyers interest. Look at ETH in 2017. Statements like “ it cost trillions to maintain a certain price level” are plain BS.  Without sellers and buyers it costs nothing!  


  4. 3 minutes ago, Archbob said:

    There's only so much money that is interested in the market. Moving XRP from 33 cents up to $100 costs dozens of times more money than moving xrp from .006 to $3.85. I don't think your going to find that much interest or money from investors.

    Your principles are becoming a moving target. Now you’re talking about investors interest.( the money argument is BS and debunked if you read all answers and links again).

    So yes: investors’ interest is conditional ofcourse.  Let’s kick in more open doors.


  5. 1 minute ago, Archbob said:

     No, to buy even one XRP at $50, you need to buy all the XRP priced lower than $50. Do you not know how order books work?

    XRP went 35000% in 18 months despite your statement.  In hindsight not sustainable, but current price level is still ~ 50 times higher than 30 months ago. So yes, given time and buyers interest, there’s no fundemental reason why XRP can’t reach let’s say $ 100. And certainly not market cap or lack of money arguments.


  6. 7 minutes ago, Archbob said:

    This really has nothing to do with liquidity. Its about investors actually having enough to buy up the order book. Right now at every price level, there are about 5k coins on Binance. It costs 33 cents per coin so to increase the price, you need to spend about $1550. When the price is $50, it will cost $250,000 at each level to move up the price. 

    Do you even read links and answers to your post?  I give up.  You’re clinging to your opinion in spite of everything, without contemplating or reading opposite facts and market principles.

    When at Binance there’s only 1 seller who asks $ 50 per XRP who finds 1 buyer that is willing to pay this price, it costs only $ 50 to move the price to that level. Yes, this is theoretical, but that’s how it works in principle. Read @automatic‘s post and my link again. 

    There’s really no fundemental nor practical principle that puts a cap on XRP’s price besides buyers interest. Price level of Apple stocks isn’t capped by a lack of money from investors. Period. 


  7. 3 hours ago, Archbob said:

    There's always going to be quite a lot on the order book and at a certain price, people simply won't be able to buy that much.

    Again, this is nonsense. You’re stating here that there will be a cap on the price because “ people won’t be able to buy that much”.  

    We’re talking about market liquidity here: 

    market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity is about how big the trade-off is between the speed of the sale and the price it can be sold for. In a liquid market, the trade-off is mild: selling quickly will not reduce the price much. In a relatively illiquid market, selling it quickly will require cutting its price by some amount.

    Liquidity is highly correlated with the daily average trade volume ( over a longer period). 

    Whole crypto is an illiquid market as to now.  And you’re right that parabolic rises of the price are more difficult, or even impossible, to sustain than organic rises. 

    But although the correlation between liquidity and price level is not so high as with daily average trade volume, one can state in general that liquidity will be higher with higher prices. ( why do you think that is??) That’s the inverse of your statement!! 

    It all depends of how much interest there is for a certain stock/ coin and the spreads ( highly liquid = tiny spreads). 

    There’s no fundemental cap on XRP’s price that can be calculated with indicators like market cap. BTC is an excellent example, going from cents to $ 5000 in 10 yrs.


  8. 20 minutes ago, Archbob said:

    The supply of XRP is going to stay constant so people wanting to keep the price at $50 will have to absorb all the sell orders at $50, and they will have to buy the same amount that is being sold from people who bought XRP at 30 cents and are selling now, meaning they have to have almost 200 times

    But not all people who bought at 30 cents will sell at $ 50.  There are many that sold at $ 1 already and some will wait because they expect it to rise to $ 75 soon. 

    What @automatic posted really holds, maybe read it again carefully. Marketcap is BS.  It’s no indicator for possible or impossible price levels. The market cap myth has been debunked so many times on this forum that I think this myth has reached it’s maximum forum cap already. 


  9. To all who believe XRP is a sinking ship: put your money where your mouth is and get short with XRPUSD futures on Kraken.

     https://www.kraken.com/features/futures

    Other than that: please don’t share all your little fears and doubts on this forum. Get over it, be a man ( or woman) and don’t bother us adults who deal with the uncertainties inherent to life as we know it with heads high and spirits unbroken. Lol. 

     


  10. 4 minutes ago, RegalChicken said:

    What if your suitcase is a samsonite, and your airplane is a Boeing 737 Max 8?

    hd tournament GIF

    Apparently they’re both hard to steer and control. 

    Very sad, no jokes about that :(, RIP. 

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