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Mpolnet

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About Mpolnet

  • Rank
    Regular

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  • Gender
    Male
  • Interests
    XRP, Crypto Assets, DLT, Finance & Real Estate
  • Location
    United States
  • Occupation
    Analyst

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  1. @TplusZero - hoping you can provide more in depth analysis than the clever comment above
  2. This is an incredible analysis - thanks for sharing! Can you please elaborate what the % next to XRP, per the below, refer to?
  3. @Molten - looking at BTC in the $3k - $4k range. Would make my first BTC purchase ever lol but assuming PlanB’s Stock to Flow model holds up price should recover to $9k - $10k range. However, not sure how the liquidity crunch has been affecting prices aside from some liquidations on leveraged positions. Hopefully, this period marks the inflow of new capital into the space that may have been on the sidelines given where prices are. I’ve been using Bitrue to stake certain assets in their Power Piggy platform and have been reinvesting the earned interest into other tokens to build positions since they have a lot of trading pairs. VET has been great on the platform given its higher base interest rate (meaning no Bitrue token ownership is needed to get a higher interest rate). They also pay out accrued VTHO and have a BTC/VTHO trading pair helping increase earned interest. Note, I stake a certain % of total assets owned for this strategy in case anything happens to the exchange. Disclaimer: do your own research before using a new platform EDIT: I could see certain teams increasing token buybacks at these low prices but that’s just me speculating.
  4. This is incredible! Would love it if you have time and are able to post this chart with weekly updates?
  5. Thanks @JASCoder! To confirm the above analysis, an arbitrage opportunity exists for market makers based on current XRP prices at Bitso? Does this indicate prices need to rise or decline in order for the arbitrage opportunity to go away? Or does this imply that market makers are more likely to buy XRP at current prices and profit from the current arbitrage opportunity? If it's the latter, what is the effect on XRP's price?
  6. I'm fairly sure AK Bank is a Ripple partner. Assuming this is the case then this article is pretty interesting. Maybe Binance is exploring the potential of becoming an ODL partner (even thought they've been pretty quiet about this when asked directly)? Turkish Lira a future ODL corridor? https://cryptobriefing.com/binance-adds-turkish-lira-onramp-through-akbank-partnership/
  7. Really solid video in my opinion. Definitely a bit rushed and I love David for his intellect and passion. Not sure how technical the audience was (I hope they were predominately computer scientist) because man was this convo high level on a lot of technical aspects. I do agree with his view that the initial promise of blockchain was to eliminate rent seekers so if that's the promise of this new technology it's hard to argue against no incentives and how incentives introduce friction. However, arguing for incentives is also understandable so it's definitely a worthwhile topic of discussion. Definitely recommend watching!
  8. This explains the $8.9MM funding from Ripple to Moneygram in Q4 being treated as a contra expense! While there's been no clear regulatory guidance at least it's encouraging to see the SEC's understanding of properly treating incentives in order to build out a modern day digital payments network.
  9. It's treated this way because the $8.9MM given to MGI was for the offset of operational cost associated with the funds received hence a contra expense. It actually doesn't lower taxable income since it's a wash. However, what it does is provide an incentive to grow the system since this $8.9MM was likely associated with slippage, thus an offset of expenses rather than revenue. The system needs to grow in order to achieve operational economies of scale, which is typically where cost savings are realized. Helping mitigate the expenses associated with growing the system should be viewed as a positive not a negative. Please check out this twitter thread courtesy of @Chris_Reeves https://twitter.com/MrReeves87/with_replies
  10. This! @Chris_Reeves I saw you had a twitter post related to this. I'm assuming the classification is relevant given how it affects the taxable income but was hoping you could confirm/provide broader insight into your thoughts? EDIT: Assuming a lower taxable income is the end result, this would actually increase the amount of capital that could be deployed in other areas, which otherwise would have been a tax hit.
  11. Great feedback! Thank you also @Mitty for keeping this thread up to date. I've yet to actually use Cred but I do hold LBA . I use Bitrue for interest earning purposes which I then allocate into other coins. They just released the ability to stake BTR to earn a higher rate so effectively doing the same as Cred with the LBA token.
  12. Better than having been invested and selling before it broke $0.25! But hey that's just the nature of investing - can't get caught up on the past and miss out on future opportunities.
  13. Can't wait for the days when we're processing $100MM on a weekly basis. Hopefully that level of utility/demand will help establish a floor for the price but who knows. Could very well play out that as ODL volume increase so does trading volume such that the current ratio of trading volume to utility volume stays the same. But you would think this scenario would also have a positive impact on price given the fixed supply.
  14. Not sure if anyone has seen this or if it's been posted in the forum but WOW what an incredible interview by one of the Bitso founders. Extremely insightful and bullish on the future growth of ODL, specifically in the Mexican and Latin America corridors. Thanks to @BANKXRP for uploading this to his YouTube account. Wish there was a way we could get more traffic flowing to his YouTube page and educate the public!
  15. I think we'll exceed $7/per XRP. Based on current total supply that would imply a network value (i.e Market Cap) of ~$700B. If BTC is assumed to overtake Gold then it's network value would approach the trillions. Given the global cross border money flows are in the $100T+ every year, caputring 1% of this total volume would that XRP needs to have a network value that is able to support $1T annually. This excludes an gaming, micropayment, and settlement (for trading ForEx or traditional equities and improts/exports) use cases. Just my two cents on how I'm viewing price potential relative to network value/value the network needs to sustain to facilitate it's use cases. EDIT: I don't think it's unreasonable if we see a network value of $1T. This psychological barrier has been broken this past year in traditional equities with both Amazon and Apple having market caps that exceed $1T. EDIT #2: Sorry for hijacking the thread for a moment @Molten
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