Jump to content


Silver Member
  • Content Count

  • Joined

  • Last visited


About Zedy44

  • Rank

Profile Information

  • Gender
  • Ripple Address

Recent Profile Visitors

2,631 profile views
  1. Expecting Dow to drop to $15-16k range when US announces a country-wide shelter-in-place order. There have also been rumors going the FAA will ground all non-essential domestic flights due to pretty consistent issues over the past week for certain cities to keep control towers staffed due to the virus. I think if the US jumps to these extremes we'll head off the mess that is hitting Spain and Italy currently. If folks in the US want to continue to just do there own thing it's going to get much worse. I have a pretty unique perspective as my fiance is an RN working at a level-1 trauma center up here in MA and the stories she brings home have been consistently worse every day over the last two weeks. I'd say four weeks ago the attitude around the hospital was very, very lax. Now it's complete panic and frustration that the systems they have in place are failing to protect patients and staff.
  2. @Mitty did you receive a 1099-INT from Cred with your LBA payouts? I received one because I take my payouts in USD for simplicity sake, but if Cred would provide a USD-translated 1099-INT for LBA payouts or a 1099-B I'd consider taking payouts in LBA going forward.
  3. Ripple can do whatever they want. They are a private enterprise leveraging existing infrastructure that they've built upon. Nothing stops them from building out a completely different set of infrastructure or moving in a different direction, albeit their existing customers would probably not feel comfortable with such an announcement so it's highly unlikely at this point. They also stand to profit the most from XRP's success given the company and founders are already holding the majority of it. Ripple / XRP also has significant brand value at this point.
  4. No idea. I mean it shouldn't go much lower than what the presumed cost-to-mine bottom is...somewhere in the $3000-$3500 range I think is the "technical" bottom. Do technicals matter when markets are irrational? No. But if it goes below that I think it would be temporary and right back up. If we see that range I think you'd see a big selloff in the "alts". Last week was already pretty crazy...the -50% was intense. But it doesn't seem farfetched in the crypto space to see something even more drastic right now.
  5. I have limit order set for $.02 and I think we can get there with a big enough panic selloff. Maybe even lower. Digital assets are not going to be a safe haven right now...the larger stock market bleedout is going to spillover into crypto as painfully if not more than what we are about to see. Be careful folks. I know the whole buy when people and fearful and sell when people are greedy, but this is a different ball game with the mess created by COVID and 0% interest rates.
  6. The US is in such a messed up state right now. I'm pretty sure all of this quarantining, corporate cost cutting (layoffs), and simple business consolidation / bankruptcy we're going to see a massive wave of defaults on vehicle loans. It won't be the housing this time. I think it's car loans and student loan debt that's going to ride us into the real mess long term. The interest rates heading to zero by December is just going to add fuel to the fire by giving people easy access to purchase the ever-inflating assets across pretty much every industry. But hey...we got front row seats! Can't beat that!
  7. Yeah I agree that might be the better way to go at this point. I will have to see what the market looks like in a few months when my current term ends.
  8. We should expect to see massive market manipulation between now and the halvening, correct? This should be the most susceptible time to create pump & dumps with BTC as the deadline approaches.
  9. I've been using Cred now for over a year as a passive income generator on some of my crypto holdings and a couple larger blocks of USD. Only downside I've encountered is the USD interest dropped from 10% to 5% to try and push the UPUSD usage, which AFAIK is quite low if you look at upholds disclosed holdings (another perk that I like about Uphold tied into Cred, more transparency). I'll eventually need to convert my USD to UPUSD to get back the other 5%, but otherwise I'm quite happy with the direction Cred has taken thus far.
  10. It's a joke...I had to cut my position therefore the price must now go up!
  11. Folks can thank me for this recent mini rally. I had to sell 50,000 XRP @ $.21 back in the second week of January.
  12. I'm sure the SLO's are well established before customers jump into ODL. It's pretty clear there is an orchestrated "ramp up" and customers are likely suggested or agreed upon per SLO's to maintain a certain level of stabilization in their use of the ODL product. Ripple may even provide signals (i.e. the UK corridor announcement recently) to customers regarding when and how to use ODL. It's pretty early on. I don't think anyone except MGI is wagering a serious bet on ODL (yet).
  13. Excellent video! I love David and how capable he is at connecting the dots for both the layman and the experts and he does it quite elegantly. I work with people like this daily and they are a rare breed these days. It's also really nice to see a brief look at how, why, and where Ripple is doing what it is doing from an investment perspective.
  • Create New...