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Atomic1221

SBI VC Launch with xRapid *ON JUNE 4th 2018* is going to send us to new ATH

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44 minutes ago, Atomic1221 said:

Voy a mantener esto tan corto y dulce como pueda :) 

No creo que la verdadera gravedad de cuán revolucionario sea el lanzamiento del SBI VC se haya hundido en la mayoría del espacio criptográfico. SBI es un conglomerado que representa a los 65 bancos japoneses, y todos ellos realizarán transacciones a través de un intercambio institucional y minorista basado en xRapid llamado SBI VC. Con eso en mente, Yashitaka Kitao no bromeaba cuando dijo que se alcanzarían $ 10 en un "abrir y cerrar de ojos".

El único escepticismo que queda en mi mente es una posible demora en la fecha de lanzamiento del verano de 1818, especialmente dada la propensión de OSE a retrasar en el pasado y que ya se ha retrasado un año. Sin embargo, como el verano '18 se acerca rápidamente, parece que no hay indicios de otra demora. Y teniendo en cuenta que el propósito de los retrasos era aumentar la seguridad después de los recientes cambios en el intercambio japonés, y garantizar el ancho de banda de clase mundial para el volumen masivo que esperan, puede haber sido algo bueno que haya ocurrido el retraso. 

¿Cuál es el mayor FUD lanzado en Ripple / XRP? Si tuviera que elegir uno, sería: "Ningún banco usará xRapid". Tener más de la mitad de los bancos japoneses utilizando xRapid de una sola vez, creará un entorno hiper FOMO que va a sobrecargar el valor de nuestros zerps.

 

Te pido que tengas en cuenta dos cosas más:

1). Nuestra corrida de toros en diciembre de 2017 se aceleró el 27 de diciembre; de alrededor de $ 1 a $ 2 + con las noticias de SBI Ripple Asia estableciendo un consorcio con compañías japonesas de tarjetas de crédito. La noticia no fue particularmente clara, pero nos envió un 20% en un solo día, con un descenso del BTC de alrededor del 5%, y nos mantuvo presionando hasta alrededor de $ 2. Esto ni siquiera era ENORMES noticias. SBI VC es el equivalente a un sueño húmedo en perspectiva de la visión de Ripple para la industria; Entonces, ¿qué crees que pasará con el precio cuando esto suceda? 

 

 

2) Santander acaba de demostrar que están dispuestos a confiar en la tecnología de Ripple con más del 50% de sus pagos internacionales. Si observa esto a través del lente de la junta directiva de otros bancos, este es un gran indicador de que la tecnología ha madurado lo suficiente como para ser utilizada en un entorno de producción completo de una manera que reemplaza a SWIFT. Esto significa que SBI VC no solo está yendo a los bancos sumergiendo sus pies en el agua, sino que los bancos se están zambullendo de cabeza. Todo el FUD acerca de que XRP es una seguridad es una tontería, y si EE. UU. No toma la delantera en la definición clara del entorno regulatorio, rápidamente queda claro que otros países como Japón o Corea del Sur sí lo harán. 

 

En este momento los detalles son escasos con respecto a la fecha exacta de lanzamiento de SBI VC. Póngase el cinturón, porque una vez que obtengamos la aclaración y confirmación, el precio se disparará hacia arriba. ¿Recuerda qué pasó con el precio de ETH entre enero '17 y enero '18? Creo que actualmente nos encontramos en una situación análoga a la de ETH a principios de 2017, pero con un aspecto aún más positivo. Normalmente soy muy escéptico, especialmente si SBI realmente está haciendo su fecha de lanzamiento, pero mientras las charlas reguladoras del G20 vayan bien en junio y la decisión final en julio sea favorable, creo que veremos a SBI VC funcionando este verano: 

https://cryptoslate.com/g20-crypto-regulation/

También es una gran predicción el requisito de Ripple para que todos los servidores modificados se actualicen a v1.0.0 antes del 14 de junio de 2018. Este es un gran indicador de una nueva fase en la fase comercial de Ripple ... como cualquier persona en la industria bancaria le dirá, el único Lo que los bancos odian más que usar un nuevo software, está usando el software BETA. Me costaría mucho creer que SBI VC tendría un lanzamiento público completo, mientras que la onda estaba todavía en BETA. Creo que se puede argumentar que existe una correlación muy fuerte entre estos dos eventos.

https://ripple.com/dev-blog/rippled-version-1-0-0/

 

Creo que las estrellas se están alineando para un movimiento importante hacia arriba. En este momento, imaginándome en 2019, mirando hacia atrás en 2018 y realmente creo que este momento será uno de los eventos destacados de 2018. 

Por favor, háganme saber sus pensamientos a continuación. Me interesa ver sus opiniones sobre este tema y tener una discusión al respecto. 

Excelente positividad. ....Gracias, es bueno que haya gente con esa energía. 

Pensándolo de esa forma seguro ocurrirá! 

Comparto plenamente tus pensamientos! 

Un abrazo 

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5 hours ago, Trendkill said:

I don't know man. I feel like we're blowing this thing up like we blow up everything every time. Hopefully I'm wrong but so far we get all hopped up about stuff like this and not a blip of movement occurs with price. Hoping to be pleasantly surprised but not going to hold my breath. My cards are on the table so if something happens I've made my play.

If the price doesn’t move after xRapid usage, then what are we here for? I’m not trying to buy a speculative coin otherwise I’d have bought Tron. 

My points are trying to address two things:

The massive price increase that I’m very confident will happen when SBI VC goes live with xRapid functionality

And address the likelihood that SBI VC will actually launch at the expected date this time and what factors could be effecting timely launch and any indicators we have that it’s around the corner. Summer ‘18 is weeks away. Usually SBI VC delays months in advance so if we come to end of June without mention of delay, most of my skepticism will be eased.

At the end of the day you’re right. But you also need to adjust perspective every time you expect an effect and it doesn’t happen.

New partner? Price goes down.

Positive news? Price stagnates.

BTC goes down? We go down.

What does all this mean? It *DOES NOT* mean NOTHING effects the price. All it means is that speculators rule the land *right now* and that we’re tied to BTC because BTC is king and speculators rule the land....and this cycle of speculation continues. 

How do we break this trend? Two things,: One, BTC market share needs to erode over time, as has been happening. And two, we need a piece of massive, ground breaking news to break the speculative cycle. If anything is going to make this happen in 2018, or at least catalyze a snowball of events that will make this happen, it will be SBI VC. 

I don’t think my analysis is out of boundaries or overly hopeful. Just realistic. Actual xRapid usage are the biggest doubts people have regarding XRP...and these doubts spur the speculative environment. As soon as we have confirmed utility/usage the price will soar. 

Edited by Atomic1221

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2 hours ago, Atomic1221 said:

I'll keep this as short and sweet as I can :) 

I don't think the real gravity of how absolutely groundbreaking the SBI VC launch will be has sunk in to the majority of the cryptospace. SBI is a conglomerate representing the 65 Japanese banks, and all of them will be transacting through an xRapid-based institutional and retail exchange called SBI VC. With that in mind, Yashitaka Kitao wasn't kidding when he said $10 will be reached in the "blink of an eye."

The only remaining skepticism in my mind is a possible delay to the summer '18 release date, especially so given SBI's proclivity to delaying in the past and having already been delayed a year. Yet as summer '18 is rapidly approaching, there appears to be no indication of another delay. And keeping in mind that the delays' purpose was increase security after recent Japanese exchange hacks, and ensure world class bandwidth for the massive volume they're expecting, it may have been a good thing that the delay happened. 

What is the biggest FUD thrown at Ripple/XRP? If I had to pick one, it'd be, "No banks are ever going to use xRapid". Having over half of Japanese banks using xRapid in one fell swoop, will create a hyper FOMO environment that is going to going to super charge the worth of our zerps.

 

I ask you to keep in mind two more things:

1). Our December 2017 bull run was accelerated  on the 27th of Dec; from around $1 to $2+ with the news of SBI Ripple Asia establishing a consortium with Japanese credit card companies. The news wasn't even particularly clear but it sent us up 20% in one day with BTC down around 5%, and kept pushing us up to around $2. This wasn't even HUGE news. SBI VC is the equivalent to a wet-dream in perspective of Ripple's vision for the industry; so what do you think will happen to the price when this happens? 

 

 

2) Santander just demonstrated that they're willing to trust Ripple technology with over 50% of their international payments. If you look at this through the lens of the board of directors of other banks, this is a huge indicator that the technology has matured enough to be used in a full production environment in a way that replaces SWIFT.  This means that SBI VC isn't just going banks dipping their toes in the water, this is banks diving in head-first. The whole FUD about XRP being a security is nonsense, and if the US won't take the lead in clearly defining the regulatory environment, it is rapidly becoming clear that other countries like Japan or South Korea will. 

 

Right now details are sparse regarding exact SBI VC release date. Strap in, because once we get clarification and confirmation, the price will rocket upwards. Remember what happened to the price of ETH between Jan '17 and Jan '18? I believe we're currently in a analogous situation to where ETH was in early 2017, but with even more upside. I'm normally very skeptical, especially of SBI actually making its targeted release date, but so long G20 regulatory talks go well in June and the final decision in July is favorable, I think we will actually see SBI VC live and running this summer: 

https://cryptoslate.com/g20-crypto-regulation/

Also extremely foretelling is Ripple's requirement for all rippled  servers to upgrade to v1.0.0 by June 14th 2018. This is a huge indicator of a new phase in Ripple's business phase....as anyone in the banking industry will tell you, the only thing banks hate more than using new software, is using BETA software. I would be hard pressed to believe SBI VC would have a full public release while rippled was still in BETA. I think there's a case to be made that there's a very strong correlation between these two events.

https://ripple.com/dev-blog/rippled-version-1-0-0/

 

I think the stars are aligning for a major move upwards. Right now, imagining myself in 2019, looking back at 2018 and I truly believe this moment will one of the standout events of 2018. 

Please let me know you guys' thoughts below. I'm interested to see your thoughts on this topic and have a discussion on it. 

No volume increase yet and no volume no ATH !!

It is not usage that will directly increase the price (buy/sell neutral transaction xRapid) it is people buying and holding.

Will xRapid cause this?

You could have 1 billion a day all xRapid the net price gain would be negligble if ever so slightly up. Each buy has a matched sell.

Bitcoin rose because people bought and held causing a lower supply( price increase) even though usage was meh.

Edited by Mods_are_tyrants

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I want to believe you, but I dont feel I've been presented with enough information to believe that SBI VC will translate into xRapid use by affiliate banks of SBI.

If I understood that better, I would be the insanely excited.

 

 

Edited by Trader-to-the-Crown

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2 hours ago, Atomic1221 said:

If the price doesn’t move after xRapid usage, then what are we here for? I’m not trying to buy a speculative coin otherwise I’d have bought Tron. 

My points are trying to address two things:

The massive price increase that I’m very confident will happen when SBI VC goes live with xRapid functionality

And address the likelihood that SBI VC will actually launch at the expected date this time and what factors could be effecting timely launch and any indicators we have that it’s around the corner. Summer ‘18 is weeks away. Usually SBI VC delays months in advance so if we come to end of June without mention of delay, most of my skepticism will be eased.

At the end of the day you’re right. But you also need to adjust perspective every time you expect an effect and it doesn’t happen.

New partner? Price goes down.

Positive news? Price stagnates.

BTC goes down? We go down.

What does all this mean? It doesn’t mean NOTHING effects the price. All it means is that speculators rule the land *right now* and that we’re tied to BTC because BTC is king and speculators rule the land....and this cycle of speculation continues. 

How do we break this trend? Two things,: One, BTC market share needs to erode over time, as has been happening. And two, we need a piece of massive, ground breaking news to break the speculative cycle. If anything is going to make this happen in 2018, or at least catalyze a snowball of events that will make this happen, it will be SBI VC. 

I don’t think my analysis is out of boundaries or overly hopeful. Just realistic. Actual xRapid usage are the biggest doubts people have regarding XRP...and these doubts spur the speculative environment. As soon as we have confirmed utility/usage the price will soar. 

Hey....I hope you're right...I really do but I just have to keep my head grounded. I just don't want to get my hopes up. 

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2 hours ago, Atomic1221 said:

 SBI is a conglomerate representing the 65 Japanese banks, and all of them will be transacting through an xRapid-based institutional and retail exchange called SBI VC. 

I would be interested in what @Hodor has to say about this part.

Will this translate into these banks using xRapid through SBI VC?

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20 hours ago, Mods_are_tyrants said:

No volume increase yet and no volume no ATH !!

It is not usage that will directly increase the price (buy/sell neutral transaction xRapid) it is people buying and holding.

Will xRapid cause this?

You could have 1 billion a day all xRapid the net price gain would be negligble if ever so slightly up. Each buy has a matched sell.

Bitcoin rose because people bought and held causing a lower supply( price increase) even though usage was meh.

You’re making a few giant assumptions here.

 

First. You buy 1bn XRP while the price is $1, the price will end up cleaning out every single sell order and will drive the price many multiples of $1. 

Second, you’re assuming that in xRapid every single XRP bought/sold, in one currency on exchange A is near instantly then sold/bought again in another currency on exchange B and it keeps pinging back and forth near instantly, ad infinitum. The first part is true, but the last part, ad infinitum, is absolutely not the case. Demand will drive the first buy/sell transaction and demand will also drive the second sell/buy transaction. Demand on both ends of the equation are rarely matched; although you’re right that buys and sells are matched during each piece of the equation.

Because demand and supply varies on both ends of the currency conversion, increased usage will require more MMs. MMs will hold the digital asset and provide OTC trades that won’t break the market. Additionally XRP must be priced in a way that there’s enough supply going around where it’s needed. Someone needing to send $10bn USD will need approx 30% of circulating supply. And circulating supply is far far greater than what’s actually available for sale.

And finally and most importantly: If you think only 1bn a day will be transacted via xRapid you are very very mistaken. xRapid could be used to settle many trillions a day. Citibank facilitates over $1tn a day intl payments on its own. The market is much larger than you think.

Edited by Atomic1221

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43 minutes ago, Trader-to-the-Crown said:

I would be interested in what @Hodor has to say about this part.

Will this translate into these banks using xRapid through SBI VC?

 

https://ripple.com/insights/sbi-virtual-currencies-to-exclusively-list-xrp-at-launch/
 

SBI Virtual Currencies looks to join xRapid ecosystem

SBI Virtual Currencies (SBI VC) is looking to join the xRapid ecosystem — Ripple’s enterprise-grade solution — to help institutions source liquidity for cross-border payments between Japan and the rest of the world. Ripple will eventually integrate SBI VC’s APIs so that xRapid users — payment providers and banks who are transferring money into and out of Japan — can convert XRP to JPY and JPY to XRP instantly through SBI VC. “

 

 

-They’re using xRapid because there’s institutions ready and willing to use it. Otherwise it’d just be a normal exchange, without xRapid —which costs many millions$ to set up.

Are you saying you’re questioning if SBI’s 65 banks are going to be using the xRapid system that SBI VC is setting up? That’s valid ..and also the reason why SBI VC isnt fully baked into the price. I’m eagerly waiting the announcement and I think the fam at XRPChat should be too, for the reasons I mentioned in my OP. Once SBI makes clear the date of public release and which instos exactly are going to be using xRapid and at what volumes, it will be a paradigm shift for pricing and likely be the earth shattering event we’ve been waiting for over here. Lots of ifs but the path is clear and imminent.

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3 hours ago, Cryptoball said:

And this is why Brad once again stated XRP will decouple from bitcoin. They know what’s coming.

I agree. Listen to Brad.

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Atomic I agree this could be the start of a big rise.  I agree SBI could be pivotal in the XRapid story.  I love your enthusiasm and share it to some extent.  I'm holding my hopes in check though because this could,be delayed and it could be a soft start so the real effects might not come for some time.

I do feel that we should correct a common misconception though...

4 hours ago, Atomic1221 said:

With that in mind, Yashitaka Kitao wasn't kidding when he said $10 will be reached in the "blink of an eye."

Actually he didn't say that.  As I understand it, he said that SBI would become number 1 in the blink of an eye.  There is some room for interpretation about whether he meant SBIVC or SBI overall, whether he meant number one in Japan or in the world etc.

The ten dollars comes from the fact that he retweeted an article that made that price estimate.  However his Twitter presence...(it might not be him...) retweets a whole lot of stuff and not much can be inferred from that retweet.

Sorry to be pedantic but it's apparently a common belief and unfortunately it isn't accurate.

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12 hours ago, Tinyaccount said:

Atomic I agree this could be the start of a big rise.  I agree SBI could be pivotal in the XRapid story.  I love your enthusiasm and share it to some extent.  I'm holding my hopes in check though because this could,be delayed and it could be a soft start so the real effects might not come for some time.

I do feel that we should correct a common misconception though...

Actually he didn't say that.  As I understand it, he said that SBI would become number 1 in the blink of an eye.  There is some room for interpretation about whether he meant SBIVC or SBI overall, whether he meant number one in Japan or in the world etc.

The ten dollars comes from the fact that he retweeted an article that made that price estimate.  However his Twitter presence...(it might not be him...) retweets a whole lot of stuff and not much can be inferred from that retweet.

Sorry to be pedantic but it's apparently a common belief and unfortunately it isn't accurate.

I agree it could be delayed which is why my hopes were conditional that we don’t hear about any delays by end of month.

You are correct Kitao did not direct say $10. While explaining the last delay to SBI VC, Kitao  said “it’ll be #1 in the blink of an eye,” regarding number of users and volume on the exchange and why it was so necessary to make sure everything can handle the volume. 

 

https://mobile.twitter.com/yoshitaka_kitao/status/963232046830182400?lang=en

...But he did tweet a link himself that made a prediction of $8-10. I think this is separate to the retweet you were referencing unless I’m mistaken? 

I don’t use Twitter a lot except to to browse tweets,  but from what I understand a “retweet” on Twitter is akin to a sharing a post on Facebook.  I don’t think that is what this was since he self-composed this message along with link:

https://mobile.twitter.com/yoshitaka_kitao/status/963232046830182400?lang=en

But either way, Kitao’s price prediction was the least important of my points, or so I think :)

 

 

======

EDIT: It seems I have no idea what a retweet or a tweet are. I guess I need to learn how to use this twatter

Edited by Atomic1221

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