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sven12345

What happened to xRapid will be launching "very soon"

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4 hours ago, RipDip said:

1) Can xrapid even proceed without a concise regulatory framework in place? Could ripple be waiting on the SEC decision just like the rest of us? 

2) If the SEC deems XRP as a security, wouldn't it destroy the xrapid's potential ecosystem by killing the liquidity for xrp?  

1) I personally don’t see how xRapid could directly depend on SEC’s decision. Indirectly it is probable that the strategy was to roll out xRapid together with some major exchange pertnership which would boost the liquidity in a certain corridor. This exchange could be waiting for the SEC’s decision just to play it safe. There is no way to know, we simply don’t know important facts and can only speculate.

2) It would make things harder for Ripple in the short/mid term probably - directly, lowering the liquidity on the US-regulated exchanges and indirectly, e.g. probably affecting the price of XRP in a negative way just because it is “big news”. Good news, SEC does not control the world despite what Americans think, there are other players.

Edited by Lamberth

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8 hours ago, Plikk said:

I don’t call everyone and anyone a fudder. You should pay attention. Only real fudders get my attention to those matters. Look back the OP’s posting history, almost all negativity about XRP or Ripple

What's wrong with being a fudder? Surely, if it helps even one person not getting burned by buying XRP at unrealistically high prices, then it's a good thing?

Indeed the FOMO in January has proved disastrous for many buyers who have now become hodlers by default because their position is under water!

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8 hours ago, sven12345 said:

In Q1 report In Q2 Ripple will look to grow the number of xRapid pilots and work to move existing pilots into production.

If that's an actual quote that you're basing your launch date expectations on, I think I found your problem. That doesn't sound definite at all to me. 

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52 minutes ago, Zerp_Legend said:

Brad and Asheesh definitely making too many promises without any foundation, really disappointed myself

Yeah, I've said it before - people shouldn't take Brad and Asheesh' words too seriously as they have a track record of jumping the gun.

I feel the same with all this 'SBI going live in July' thing. I won't be surprised if this gets postponed and also I find it hard to believe Kitao's words that the exchange will become the biggest one in no time. I'll be more than happy to be proven wrong, obviously.

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7 hours ago, sven12345 said:

Very soon isn't months or a year in my opinion it sounds more like some weeks for a company like Ripple.

You might want to recalibrate. But that's up to you.

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When I first got into XRP, we’re talking june 2017,  there were complaints about Ripple not focussing enough on XRP.  

The “ SWELL disappointment” ( no cat out of the bag, customer banks stating “ we don’t need XRP” ,  price plummeting from around €0.30 back to €0.15) was a turning point.  After Swell we saw Ripple changing course and focussing on XRP with the search for other use cases than banks ( “ the low hanging fruit”) and doing everything to promote XRP.

 We got “ spoiled” by the run of 1200% in december, everybody seemed happy, although it’s fair to say that almost every coin had a run those days. Crypto moved and still moves as a whole, ignoring good or bad news from individual coins ( except an occasional rise , and /or fall, of 20/30%).

Ripple is now taking distance from XRP , a fact that is fueled by the security issue I guess. 

One thing I learned after Swell ( and in my job at the bank dealing with IT Scrumteams ) is not to give too much weight to promises or statements regarding “live dates” . Delays are standard, if delivery comes at all. 

Since then I tried to emotionally detach myself from the coins I’m invested in, taking it day by day, looking at the only fact that matters ( the actual market price and movements), assessing every week what news or bold statements can be relevant for future prices, but mainly looking at BTC and the market as a whole. More of a “ I only believe it when I see it” attitude.  No more speculation about becoming a millioniare in 2 months or 5 years.  

At this stage crypto and XRP are highly speculative, there’s no real usage history making FA possible to base investment decisions on. That time may come though ( soon?). 

XRP is still one of my most favorite investments, based on the tech and possible use cases, but I diversified into some other coins and making swing trades now and then to make some profits. 

TL:DR :  I degraded the role that crypto ( yes, mainly XRP) plays in my life from 80% back to a healthier 30% ( which maybe is still too much, but I like rollercoasters!) and taking all “ news “ with many grains of salt, by just looking at the actual facts ( the price and the market).  Still very willing to be surprised one day! 

Is this post adding value for anyone on this forum? I don’t think so. I’m just sharing some thoughts with the community I became to love in the past year, as it’s fun, informative, annoying and surprising all at the same time.

cheers and hodl. 

 

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4 hours ago, Bubbles said:

Many talk as if "Ripple" are their friends and are taking these posts personally like "Ripple" is their family. This is a investment, a trade, a tool to make money and that is it! I think many are far too emotionally attached to think objectively.

This delay is not positive.

 

Edited by Vvittin

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4 hours ago, Bubbles said:

Many talk as if "Ripple" are their friends and are taking these posts personally like "Ripple" is their family. This is a investment, a trade, a tool to make money and that is it! I think many are far too emotionally attached to think objectively.

This delay is not positive.

 

Edited by Vvittin

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4 hours ago, Bubbles said:

Many talk as if "Ripple" are their friends and are taking these posts personally like "Ripple" is their family. This is a investment, a trade, a tool to make money and that is it! I think many are far too emotionally attached to think objectively.

This delay is not positive.

Your right it is a high risk investment with multiple hurdles to clear, most of which won’t be done in the next few months or even years.  Ripple owns more xrp than anyone, and thus do care about the long term price of xrp. Most the beta test have come back positive, increased network infrastructure weekly or monthly, expansions of xrp usage such as coil, cobalt to be implemented. Tweets from businesses like Cambridge praising it,decentralization in the works.they are run by what I would argue is a pretty top notch team. So might be looking and pieces and giving them the the time needed to implement it. Don’t mistake patientence with attachment. You look at the facts and make your choice then detach yourself from run ups and rundowns.

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24 minutes ago, Ripple-Stiltskin said:

I degraded the role that crypto ( yes, mainly XRP) plays in my life from 80% back to a healthier 30% ( which maybe is still too much, but I like rollercoasters!) and taking all “ news “ with many grains of salt, by just looking at the actual facts ( the price and the market). 

@Ripple-Stiltskin, very true. I find it hard to assess this percentage given the fact we are still active on the Forum day in and day out. I started questioning myself some time ago whether being active on the Forum is a good thing “healthier percentage”-wise.

Can’t help but stay simply because XRP Community consists of a lot of smart people and it is a great fun to interact with all of you, boys and girls. Well, maybe not all, I do have few people in my Ignore list, lol

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You can call me a pessimist if you like you don't need to personal attack people that have critique about XRP or Ripple. If your fud detector detects a certain person feel free to mute.
On topic: Very soon isn't months or a year in my opinion it sounds more like some weeks for a company like Ripple. I though maybe with the SBI launch this month we might see xRapid going live. Ofcourse it's not an easy thing to do but after all those succesfull tests/pilots etc you would think they are almost ready to launch.
I think the magnitude of weeks is what retail "investors" expect. This is a company. Very soon is about months. Nothing happens overnight in a real company with real customers and a real use case.
Yes it can be nerve wrecking sometimes just waiting for the actual launch.

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