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  1. I completely agree with this. I strongly doubt there is a “switch to flip” that will suddenly put xRapid into production and completely replace legacy rails. A far more likely scenario is for a bank or payment provider to have an option to either use their existing rails or use RippleNet when executing a specific payment. If it’s cheaper to use xRapid, they can select that option, and if the corridor is not liquid enough (or their legacy solution is cheaper for that specific payment), they can still opt for their traditional system. Example: Moneygram needs to send 10,000 USD to Mexico. If they get 9,900 USD worth of MXN on the other side with xRapid, they can still choose to send it via SWIFT, which would get them 9,950 USD worth of MXN on the other side. However, if the corridor is liquid enough at that moment and they can get 9,980 USD worth of MXN to the other side, they can just click the xRapid option and get it done. This is a simplified example of what I believe is happening behind the scenes. No FI is going to use xRapid and completely shut their SWIFT/legacy rails on day one. That wouldn’t make sense. But as corridors become more liquid and xRapid transactions become more common, the ecosystem grows, attracting more market makers, which create more liquidity, which creates less spreads and xRapid transactions becomes a superior option more often. It’s a snowball effect from there on, until eventually most transactions go through xRapid rather than SWIFT/legacy rails. That is, if the corridors ever become liquid enough for that to work, of course, but Ripple is supposedly working on that part.
  2. You can explain to her that the bills will still be there tomorrow, but we will never see XRP prices this low again. You can then go on and explain that if we go down to 0.22 USD, there’s a chance we might reach 0.18 or 0.15, and if that doesn’t hold, we might go down to 0.06. On the upside, we must breach 0.28 before we get to 0.32 and 0.35, but after that, we might see the 0.40s or even higher. If she’s still listening to you after all that, she might have potential to become a TA expert, but that means the 200 USD will look like nothing compared to what she’ll be losing day trading the one minute charts.
  3. Q2 market report states there were $106.87 million worth of "Institutional direct sales" (source: https://www.ripple.com/insights/q2-2019-xrp-markets-report/ ). There is no other proof in the world that is publicly available, other than demanding to see contracts and transaction proofs directly from companies. Good luck asking financial institutions (that bought from Ripple) to give you an insight on their purchases. In that context, good luck asking anyone on the forum to give you insight on their own purchases, and most of us are retail buyers. Are you ready to show all your crypto and fiat transaction information? And if we doubt your numbers, are you ready to publicly display transaction proofs that can be verified by crypto exchanges and banks? What counts as proof to you? Ripple publicly stated the numbers, what more do you realistically expect from any entity (being a company or an individual)? If you doubt their numbers, you should contact the authorities to report fraudulent behaviour. Here’s a list you can use (source: https://www.saveandinvest.org/protect-your-money-report-fraud/reporting-investment-fraud ):
  4. 3-4 years ago? xRapid launched less than a year ago. https://www.cnbc.com/2018/10/01/ripple-xrp-cryptocurrency-product-xrapid-goes-live-for-first-time.html
  5. Also, @Sporticus, this is your quote from April 2018 (I bolded the part that is completely cotradictory to what you are stating in this topic): Can you explain what changed your opinion in this one year?
  6. @Sporticus, first of all, thank you for your insight, your content has been very valuable so far, albeit a bit anti-Ripple (which is okay, to each their own opinion). I would, however, like to discuss about a few opinios-turned-facts in your statements. Can you provide a source for this statement? As far as I know, there have been no official statements from the SEC, all the articles I find quote William Hinman's remarks: https://www.sec.gov/news/speech/speech-hinman-061418 This was not an official statement by the SEC, as is also indicated in the article itself: "The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This speech expresses the author’s views and does not necessarily reflect those of the Commission, the Commissioners or other members of the staff." Targeting a $27 trillion market does not mean that the volume must be $27 trillion. In fact, XRP's usecase is to unlock those funds and optimize the process of real time gross settlement. I do agree the volume should eventually be higher, but it should never be $27 trillion. the number $27 trillion is used to demonstrate a problem that exist today, and not to indicate those $27 trillion will flow into XRP or indicate daily volume. If you bought two and a half years ago (or earlier), the returns would have been: ETH: Today: $187.80 2/21/2017 (two and a half years ago): $12.43 Return rate: x15 LTC: Today: $72.65 2/21/2017 (two and a half years ago): $3.77 Return rate: x19 XRP: Today: $0.267 2/21/2017 (two and a half years ago): $0.00587 Return rate: x45 I'm glad you did not sell all your XRP, as it has brought you the greatest return of the 3 digital assets you mentioned in the past 2 and a half years.
  7. Although I agree with you and both sides need to be presented, please take a look at Cooliozxrp’s posting history. Vast majority are one-liners devoid of any content. I respect any contradicting opinion, but it is impossible to reply with arguments to one-line statements that say nothing at all. If someone on the street yells “You’re an idiot full of hopium!” – are you going to present a five-paragraph response? Or are you going to simply ignore him? Whatever his agenda is (might be simple boredom for all I know), Cooliozxrp’s responses bring zero value to the discussion. For example, members like tulo or Sukrim often bring up interesting points worth debating that are criticizing Ripple – those are, in my opinion, great reads. I would love to see a long, structured post from Cooliozxrp, but sadly, I have seen none thus far.
  8. I believe the title is a bit misleading - they are doing maintenance in prepetaion for the launch, not the launch itself. They may just as well be preparing everything from the technical side of things, but will not actually launch on July 31st. However, it is progress!
  9. You know, these psychological estimates always get me confused. Have others really gained 3x – 4x in 2 years as you stated, or do you only think that only because some had fallen more from their ATH and have bounced more in the last six months? Let’s look at the more prominent cryptos that have been in existence for more than two years: BTC: Price on July 23rd, 2017: 2800 USD Price on July 23rd, 2019: 9990 USD Change in two years: 257 % LTC: Price on July 23rd, 2017: 44 USD Price on July 23rd, 2019: 91 USD Change in two years: 107 % XRP: Price on July 23rd, 2017: 0,19 USD Price on July 23rd, 2019: 0,31 USD Change in two years: 63 % ETH: Price on July 23rd, 2017: 228 USD Price on July 23rd, 2019: 210 USD Change in two years: -8 % Mind you, BTC and LTC are often praised for being one of the best performers in 2019. These figures also fluctuate wildly week to week.
  10. Did Trumps tweet really cause the market to turn bearish, or was this news again contributed to price movement after the fact? This is bitcoins movement at the time of Trumps "announcement": The price started falling well before that, so unless you speculate Trump held millions of BTC and sold 24 hours prior to his tweet and then manipulated the price, I'd say the trajectory of BTC was simply too steep and needed a cool off, totally unrelated to any news whatsoever.
  11. I’m looking at the wallets and see they are sending funds to “FundingWallet1”. When I check that wallet, it’s swapping funds with other wallets, not exchanges. When I check those wallets, they are again swapping XRPs with other wallets, not exchanges. What am I missing here, can you help out a little bit? Which wallets end up sending funds to actual exchanges?
  12. So, when you see a 1 minute +10% green candle appearing on multiple exchanges simultaneously out of nowhere on a quiet day after weeks or months of consolidation around a stable price, you contribute that to a large number of retail buyers magically deciding to buy an asset at the same time (usually within the same second)? Or is it more likely that an entity with a large stack (a.k.a. a whale) decided to place an order to push the price up? Which of these two options is more likely? If there’s a third option, please let me know. EDIT: the same goes for buy and sell walls. Is it more likely that a large number of retail investors put a sell order at a random 0.432156 USD price, and then all at the same time remove that order (called spoofing, fake orders), or that a single entity with a large stack (a.k.a. a whale) does that? EDIT2: If your response was sarcasm, accept my apologies
  13. One thing people usually do wrong is they take the current XRP market cap (lets say 18 billion), take the yearly remittance market (lets say 600 billion) and say: “Well, it takes 3 seconds to transfer the XRP, so with current XRP market cap you could transfer all the 600 billion in 600/18 = 34 seconds.” Or sometimes you hear this scenario: if you take 600 billion per year and divide it by 365 days (assuming the trades happen 24/7, which they don’t), you get an average of 1.64 billion per day, which would mean the XRP market cap would only have to be 1.64 billion to accommodate the entire current remittance model. Both estimates are way off. For this calculation to work, an FI using xRapid transferring 1 million USD (just an example number, and this is just the USD/MXN corridor) would have to be able to: 1. Purchase 1 million worth of XRP (about 2.3 million XRP at current prices) at Bittrex 2. Transfer the XRP to Bitso 3. Sell 2.3 million XRP on Bitso at roughly the same price to get 1 million USD worth of MXN in Mexico. If you ever checked an exchange order book, you probably saw a bunch of orders stacked at different prices. The ideal scenario would be someone selling 2.3 million XRP @ Bittrex for 1 million USD, and someone buying 2.3 million XRP @ Bitso for 1 million USD worth of MXN. This will probably never happen, so the FI must buy a bunch of XRP at different process on Bittrex and sell a bunch of XRP at different process on Bitso. This means they will have to spend more than 1 million USD on Bittrex, or receive less than 1 million USD woth of MXN on Bitso. How much more they have to spend to get that 1 million USD across determines if they are cheaper and competitive to other businesses like Transferwise or VISA that hold Nostro/Vostro accounts on both USD and MXN side. How does this relate to market cap and XRP price? As mentioned above, you can either have enough liquidity for the transfer to be cheap (i.e. there is an ideal seller on Bittrex that will sell you 2.3 million XRP and an ideal buyer that will buy your 2.3 million of XRP on Bitso), OR the price of XRP is high enough to transfer large amounts of fiat. For example, if the price per XRP is 10 USD, you only need to purchase 100k of XRP on Bittrex and sell 100k of XRP on Bitso. So, in order to effectively accommodate 600 billion USD per year, you either need a lot of ideal sellers and buyers on exchanges (which is not very likely and will only happen if the XRP/USD becomes extremely stable i.e. EUR/USD), or the entire XRP market cap is high enough to do all this. My opinion is the following: Price per XRP will either have to a lot higher than today for xRapid to be competitive to established Moneygram/Transferwise methods, or it will never work. I can’t be sure which way it goes, but I’m betting on either 0 USD or 5/10/20 USD. It cannot be an effective way for real time gross settlement at 0.40 USD.
  14. Well, if it goes into the XRP and Ripple ecosystem, it means the ecosystem is going to grow and hopefuly lead to price appriciation. If Jed uses his money from sales to promote the ecosystem and pay Ripple programers, marketing departement and everything that goes with it, no one would complain about it.
  15. I see what you are getting at, especially since article titles are often created as click bait, but allowing users to create their own titles of the topic goes two ways – some users may then create topics like “Is it over for Ripple?” and link an article to Forbes with a title “JP Morgan creates their own cryptocurrency”, which is even more misleading in my opinion. Topic title being the same as article title at least creates objectivity from poster’s and forum’s side. Article titles will, unfortunately, stay misleading regardless of XRP forum rules.
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