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About strikerjax

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  1. The CEO also mentioned a 3-5yr time line. So far there seems to be a delay in his predictions vs reality. So I would take it to be a 5-7yr timeline. Would be great if it feels up in 5 yrs.
  2. - With the QE that is on going currently, the rapidly expanding money supply is quite bullish for Bitcoin/crypto. - Its possible that economies of a country or two may collapse and the people will turn to Bitcoin to store or move their money
  3. I am moving to swing trading. It looks like XRP will take its sweet time. Utility that will affect the price is a long way off. There are others in the market with utility. I missed BNB, chain link. etc. I will still have my long term stack intact. No more pumping money into xrp directly for while. Btw, regarding XRP.. Forte Gaming is doing what Ripple is doing with Cross border. They have built a blockchain gaming platform and singing up major game studios. At some point in the next few years all this is going to converge and hopefully if some of us are alive and kicking post covid we will celebrate. We should have another thread discussing other cryptos for swing trading.
  4. I am seeing this around me and its been frustrating dealing with it. Modern life + political bs makes it easy to live in funny thought bubbles.
  5. The fear is that labelling it the China flu will cause hate and violence against the Chinese people living abroad. Trump mentioned that he is calling it that as the Chinese alleged that the US military was behind it. Whats interesting it that the US govt (by extension the UK govt as they share intelligence) knew about how bad the virus was in Jan and didn't take steps to get ready. Wonder why? Was the pandemic the excuse needed to make the changes the Fed did and the stimulus the govt is injecting into the market.
  6. This is from Ryan Selkis's blog : https://messari.io/article/rip-moon-times With crisis comes challenges and opportunities, and I expect four things to happen in the crypto markets over the remainder of the year. We’re in the midst of a historic flight to safety and liquidity. Bitcoin is a risk asset. It’s not a safe haven in a recession, but rather a check on fiat inflationary pressures. It will sell off with the rest of the risk asset market at first, but may perform moderately better if there’s real juice in the “digital gold” meme. The halving narrative is completely dead now. The only thing that matters with respect to the halving now is whether it breaks the mining market. The Fed is out of policy tools as this isn’t a financial crisis. The economic stimulus will soon hinge on the MMT narrative picking up steam, and Congress passing a relief package that eclipses the multi-trillion dollar stimulus bills we saw during the financial crisis. We’ll see QE and negative rate setting world wide, and it will put more pressure on pensions to find historically uncorrelated assets that could boost returns…however unconventional. That means we could see a bottom for bitcoin followed by its first rally as part of a bona fide digital gold basket. Outside of BTC and ETH, I’d expect a late 2018 caliber bloodbath. Nothing else is critical to own or hold right now outside of these two assets, and in a market that may go down 20, 30, 40%, with an unknowable negative human toll (both health and economic wellbeing), the parlor games of the shitcoin casino are over. Crypto assets with strong fundamentals will finally have their day in the sun, and we’ll see the decoupling of good and weak projects. There are perhaps 50 assets that could do moderately well in the next 2–3 years in USD terms. Few will outperform crypto’s monies. Crypto infrastructure M&A is about to go into hyperdrive. Investment round prices will come down, but I still predict great teams and projects will get funded as decentralized technologies get catalyzed as part of the coming response to some truly breathtaking macro disruptions. The full moon has been cancelled. And soaring bitcoin prices will likely take another cycle to come to fruition. Still, crypto’s mainstream moment as a utility may finally, if quietly, be here.
  7. I have followed David closely, and I haven't come across this. Do you have a source?
  8. An IPO would indicate regular revenue/profit going into the future and the added growth of the same. I would assume a majority of that would come from XRP sales.
  9. Its an email newsletter from messari.io You can sign up from the website. This particular one is form Jan 31. * Just noticed that its also posted on the same website. https://messari.io/podcast/say-something-nice-about-xrp-tbi
  10. I corrected the original post. It's from Ryan, the whole text
  11. Source: https://messari.io/podcast/say-something-nice-about-xrp-tbi Ryan Selkis : "The latest episode of the Unqualified Opinions podcast with Bitso CEO Daniel Vogel is one that the #XRParmy is going to love, and details how XRP the asset (not ripple software) is actually being used for cross-border remittances. Before we get to that, contrary to what you might think, I don't hate Ripple or XRP. Yes, I've called out the company leadership for lack of transparency, and yes, I've compared the company to Dr. Jekkyl and Mr. Hyde because of its strange business model. But I actually think Ripple's tech is interesting, and the asset could prove successful under a certain set of (admittedly unlikely) scenarios. Here's what I said recently on Abra's Money 3.0 podcast when asked about Ripple: "Well, I think Ripple the company has built one of the more impressive tech stacks and has much closer to product-market fit than 99% of other projects that are in crypto. The issue has always been what I’ve called the Jekyll and Hyde of crypto. On the one hand, you’ve got Dr. Jekyll who’s trying to dis-intermediate SWIFT and working with all these banks and got this phenomenal team and board and advisory members and they are creating interesting tech, solving real problems, and were very early as pioneers in the industry. But then there’s Mr. Hyde, who comes out with these bullshit transparency reports where they kind of obfuscate how funds are actually flowing and they’re not quite transparent about the actual funding model for the company, which is more or less a continuous fundraise, but one that’s treated as revenue. The party line is that they just stumbled across this 80% of XRP that was gifted to their balance sheet - a "found asset" like oil - rather than being sold as a security. But we don’t really care about the securities law aspect of it. What we do care about is whether the XRP currently outstanding is truly circulating or whether it's encumbered in some way, shape or form. If a sizable portion of XRP is encumbered, then two things happen: One, they’re understating the amount of sell-side pressure from insiders that will happen over the course of time. And this is what’s actually played out over the course of the last 18 months. Two, their market cap is overstated, which means that anytime that there’s a basket weighted index with XRP, the index creator is going to go overweight XRP even though a good chunk of that XRP is either in escrow by Ripple, or is currently held by one of the insiders. It’s subject to some sort of structured reselling agreement. When we started to look into this, it was more about that issue of whether that’s at all sensible as a way to report on the supply. But I’ll tell you right now, I still think that Ripple could end up doing very well if the banks take the bait and are offered sweetheart deals to buy some of these assets for pennies on the dollar, 50 cents on the dollar in return for actually partnering very publicly with Ripple. So, it’s like "fake it until you make it coin." The revenue model and what the company actually delivers are two very, very different things." The point of contention for me has always been how much XRP is actually being used within the company's core payments platform! And the answer has typically been: not really! But this interview with Daniel Vogel, CEO of Mexico's largest crypto exchange and remittance company, Bitso, is illuminating. It highlights how Ripple could deliver on the sky-high expectations they've set for XRP adoption. And it's one the #XRParmy is going to love. Vogel explains how the company is utilizing XRP to catch a piece of the $35B in remittances that flows across the US-Mexico border each year. Sourced mainly from (Ripple porffolio company) Moneygram in the US, Bitso saw $18M in XRP remittance volume in the final week of December, a figure he claims has been growing 15-20% each week. Daniel says they're aiming to capture 20% of the weekly US-Mexico remittance flow by the end of 2020! Beyond highlighting a clear win for the Ripple team and XRP, this conversation sheds light on a region of the world that is ripe for crypto adoption beyond pure speculation. Bitso's home country of Mexico is home to 125 million people, 87 million of which have smartphones while only 40 million have bank accounts - only 22 million of these bank accounts are active. Basically, the perfect ingredients for crypto adoption. For now, it's at least one example of a market where Ripple and XRP are seeing real traction. Time will tell if that recipe is replicable in other markets."
  12. A lot more information would be publicly available. Not sure what affect it will have on XRP. With more cash Ripple would be able to strike more MG like deals and aquisitions. btw any news about Hodor? wasn't he going to come back in a public way.
  13. This is big news, considering that Ebix is the foreign remittance provider to Paytm through its subsidiary: https://www.ebix.com/press-release/paytm-partners-with-ebixcash-forex-division-to-offer-money-exchange-services "JOHNS CREEK, GA – July 11, 2018 – Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced that Paytm has partnered with Ebix’s Forex subsidiary CentrumDirect, to offer money exchange services, to its vast user base in India, spanning more than 200 million Paytm users. The service is currently live on Paytm’s website and will soon be launched on Paytm Android and iOS apps." About Paytm numbers: https://expandedramblings.com/index.php/paytm-statistics-facts/
  14. I think it's not easy to stay grounded in the blockchain space. Also with the signalling that Ripple does. For a startup they have built up an amazing network of connections. How much of this actually works out is another story. Here's to a million dollar XRP. Merry Christmas!!
  15. @Eric123 There is always a possibility for this happening. But I see this as a low probability event. I think Ripple is helping central banks with creating their own coins. Ripple has been building liquidity and getting XRP on different exchanges. We need to agree that Ripple is the number one reason for XRP being at #3 in terms of market cap. Ripple's main product ie., ODL is based on the liquidity of XRP. Now based on their Xpring investments such as Forte, Coil It's clear that they want to increase this liquidity. They are ramping up different corridors and customers for using ODL. They have invested $50 mil in MoneyGram which works with ODL (which uses XRP). At this point they are deeply invested in making sure XRP succeeds. Given the position Ripple is in, ie., no regulatory clarity, huge windfall of capital from XRP sales, SEC, NDA's and the hostility from the crypto crowd they are not in a position to discuss their position openly. This gives a lot of space for FUD to get in. One thing I noticed is that when the price seems like it's going down they come out with news to arrest the downward pressure. It's a matter of waiting and watching this space to see what they do. I believe there are holding price pumping news headlines till the bull market comes back in.
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