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Why the price of XRP has almost NOTHING to do with utility


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On 8/22/2018 at 5:06 PM, Tinyaccount said:

 

I've noticed a trend in recent times....  seen it in a few different instances.

A new user, or a long dormant user, some one who has never had any interactions with us apart from these prominently negative threads,  will start a very negative-to-XRP thread title, and in it say that they truly love XRP but that it won't ever rise in price.

They have a seemingly plausible reason for their belief,  but dont respond to any posts that point out the fundamental flaws in their argument.

They will reply to all posts that have any points against their view,  but that have the slightest bit of wriggle room.   They can then argue against these adjacent points but ignore the truly fundamentally undermining ones.    This keeps the negative thread prominent in the activity lists.  Anything to keep the thread prominent.

Maybe it's just my paranoia, but it's a clear pattern, and none of the users that I've noticed do this thing,  subsequently go on to become normal users who have other aspects to their conversations and interactions other than bagging XRP potential.  They just cease to post and a new user replaces them.

Its an interesting phenomena.

This is one reason why I don't come out here anymore. The BG Club is my safe space. I've noticed it too....

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6 hours ago, ADingoAteMyXRP said:

You said "do the math." I'm a simple man. I obey orders from Leonardo DiCaprio. But since we'r'e both in agreement that your math is wrong...

Lol, we aren’t. The math is right. This same math is used by people to show why the price of XRP must be $ 100 or $ 1000.  And it simply isn’t true: technically/mathematically/theoretically a price of $0.00145 would be enough to cover 100% (!!!!!) of Swift’s marketshare. 

Please note the bolded part. 

I know that this math isn’t what determines the price.

There’s also speculation, storage, time-friction and all other aspects of distribution and logistics of an asset in heavy use. 

Fact is : nobody knows what the price will be when/if XRP is used for real. Could be higher, could be lower than the price at this very moment. 

I’m obviously betting on much higher.

Edited by Ripple-Stiltskin
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To assert that the price of ANYTHING, has nothing to do with its utility, is absurd. The two might not correlate in certain specific, unusual cases, however, to believe that XRP's price won't someday be heavily reflected in it's utility is nonsense. The value of almost every product or tool that I own is directly affected by its use to me. Should XRP one day be utilized for myriad different types of money transfers, whether mega or micropayment, the price will certainly reflect that. The original post is either pure FUD or pure ignorance imho. Harsh maybe, but come on, let's get real here.

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9 hours ago, Worldcryptoboss said:

My thread isn't negative though. 

It's simply saying that despite the amazing utility of XRP, that will not be the driving force of price in the short to medium term. 

 

Of course it's negative - it's there in black and white, and for emphasis, in bold as well. BS on you claiming to have qualified your remarks to the "short to medium term", you went so far as to say that utility has not had and will never have an impact - posts like yours are tiresome - give me some good data. How about signing up banks/FI's at a rate of 2 or more per week?  Nope, no widespread adoption there - pffft!

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8 hours ago, WuWei said:

Of course it's negative - it's there in black and white, and for emphasis, in bold as well. BS on you claiming to have qualified your remarks to the "short to medium term", you went so far as to say that utility has not had and will never have an impact - posts like yours are tiresome - give me some good data. How about signing up banks/FI's at a rate of 2 or more per week?  Nope, no widespread adoption there - pffft!

So far, has the increasing utility had a major impact on price? 

Do you have any CONCRETE evidence that the increasing utility over the last 6 months of XRP has had an impact on price? 

Have the significant increases in price had anything to do with utility, or have they all linked to Bitcoin's rise and fall?

You ask me about data - do you have any to back up your point?

 

you went so far as to say that utility has not had and will never have an impact

Never said that. Please go back and re-read my post. 

 

How about signing up banks/FI's at a rate of 2 or more per week?  Nope, no widespread adoption there - pffft!

Has this had a major impact on price over the last several months?

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8 hours ago, WuWei said:

Of course it's negative - it's there in black and white, and for emphasis, in bold as well. BS on you claiming to have qualified your remarks to the "short to medium term", you went so far as to say that utility has not had and will never have an impact - posts like yours are tiresome - give me some good data. How about signing up banks/FI's at a rate of 2 or more per week?  Nope, no widespread adoption there - pffft!

You seem to be arguing something I never said or purported to say. Never said that Ripple/XRP isn't gaining traction and that more banks are signing on. If you're going to argue with me, please stick to what I said, rather than reimagining to something that I never said or even implied. 

 

it's there in black and white, and for emphasis, in bold as well

If it's so emphasized, why don't you say exactly what negativity I've mentioned?

 

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1 hour ago, Worldcryptoboss said:

So far, has the increasing utility had a major impact on price? 

Do you have any CONCRETE evidence that the increasing utility over the last 6 months of XRP has had an impact on price? 

Have the significant increases in price had anything to do with utility, or have they all linked to Bitcoin's rise and fall?

You ask me about data - do you have any to back up your point?

 

 

 

Never said that. Please go back and re-read my post. 

 

 

 

Has this had a major impact on price over the last several months?

You're so full of it that it's almost a waste of my time replying:  In Bold you wrote. "The price of xrp has NOTHING to do with it's utility" and then later in that same paragraph you go on to say ".... none of these have or will have a major impact on the price of XRP."  (why the bold if you're not attempting to spread FUD? - 3rd grader emphasis to get your point across more 'powerfully?") Everyone who's been on XRPChat for any period of time knows that the market is almost exclusively based on Bitcoin's performance thus far. They also know, that Ripple has been very busy building out the world-wide infrastructure to make their software suite the best available and that this takes time. And, they've been educating the world's financial regulators about the specifics of blockchain and it's role in AML/KYC compliance, etc, etc. Your view is myopic - utility hasn't happened yet - to say otherwise is BS as everyone's been patiently waiting for Xrapid to transition into production. Utility will come once everything's up and running. 

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@WuWei

Worldcryptoboss wrote:

  • 'Why the price of XRP has almost NOTHING to do with utility'
  • 'The price of XRP has almost NOTHING to do with it's utility'

When you quote him to drop the world 'almost'. Almost dead is not dead. It's an important difference. Dropping 'almost' gives the sentence another meaning.

When you quote him writing 'none of these have or will have a major impact on the price of XRP. '  you forget to quote the next sentence 'That isn't to say that they have NO effect on the prices, but to say that the major driving force of any past, current and future XRP prices is something simple. '. In the last sentence he clearly says that utility has an effect. He only does not believe it is the major driving force.

 

 

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On 8/21/2018 at 10:28 AM, Tinyaccount said:

Have you ever seen XRapid usage of XRP in significant and increasing volume?

Do you know what the effect of programmatic trading along corridors with market making arbitrage back will be like?

I don’t.  

But you seem happy to discount all that even though it is a totally new,  and never before seen thing.  

Ripple have almost certainly modelled it and they seem quietly confident.

Smart market types here and elsewhere seem to think the asymmetric buys/sells in large volume will increase demand and price.  

Yet you seem sublimely sure they are totally wrong based on experience of an immature market before all this has begun.

We will see.  I’m betting you are wrong.  

you’re my favorite Fud-figthing machine Brother?

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