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AlexCobb

We Are Witnessing The Paradigm Shift of Crypto. XRP Will Prevail

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I think what is happening is WAR.  

BTC whales/powers that be know that xRapid is ramping up.  So they are selling down BTC to try to sabotage XRP and the use case.  If they can put solid downward pressure on the price, xRapid becomes less cost efficient.  I believe they are hedged with short futures on BTC, so they don't lose too much in the process.  All the FUD campaigns, the bashing of XRP, the price manipulation, etc.. I think the actual war has now begun.

This is a systematic sell down.  This is NOT what we're used to seeing in dramatic price jumps.  This is a sustained downward pressure on price.  This is probably a worse case scenario for xRapid.

However, I believe that Ripple is trying to balance the risk to FIs by supplementing the process with additional XRP and possibly fiat so the FIs don't lose money.  I believe thisnwas stated tonbe  the original plan anyway.

 

It's a game of chicken between BTC and Ripple. 

Who will win?  How long will Ripple have to subsidize the xRapid process?  If they can get the market moving the other direction, then the system could snowball allowing xRapid to show greater cost savings, forcing the FIs to choose the xRapid button over the xCurrent button.  With each xRapid transaction, of course, the liquidity grows, further increasing the value of using xRapid.

 

What I think could happen is that the BTC whales push the BTC price down enough that institutional investors jump in and push the price back up.  This would be a double hit on the whales because they would lose out of buying back in, plus they would be on the wrong side of the futures.  This would effectively destroy the power of the whales and put it in the hands of the institutional buyers. BTC would then likely become a real store of value and much more valuable, in my opinion.

Another thing that could happen is a couple of the BTC whales break ranks and start buying back.  They would end up with more BTC at the end, but screw their fellow whales.

Watch for a sharp bounce back in BTC.  I wouldn't trade right now.

Of course, with $1.3 billion a day being transacted (500 mil in xrp/Fiat)  the cost to Ripple could get very expensive.  How committed are they to pushing this through now.  Do they back off and shut it down or downscale?

It's going to be an interesting week.

 

Disclaimer: I always reserve the right to be completely wrong in my line of thinking.  Bash me if you want, I don't care.

 

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I think the powers that be knew this was coming and I think they all know how it ends.  Maybe the wrong side is hard headed, or maybe they are committed to going down with a fight, but it's not going to end well for the BTC folks.

I believe this is why we saw a lot of the predictions across the board about XRP being number 1 in market capitalization by the end of the year.  

 

Maybe I'm over thinking this.

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Look at the stairsteps on the BTC daily and weekly charts.  This is downward price manipulation.  This is systematic.  This isn't everyone jumping ship.  This is a sell down. 

Now look at the XRP charts.. there is a hard fought balance.  Why and WHO is keeping that balance?  In the years that I have been watching these charts, this isn't something I've seen before.

Edited by spiras

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3 minutes ago, spiras said:

I think the powers that be knew this was coming and I think they all know how it ends.  Maybe the wrong side is hard headed, or maybe they are committed to going down with a fight, but it's not going to end well for the BTC folks.

I believe this is why we saw a lot of the predictions across the board about XRP being number 1 in market capitalization by the end of the year.  

 

Maybe I'm over thinking this.

Dude, it's the "hash war" that is going on that is driving down the markets. 

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21 minutes ago, spiras said:

I think what is happening is WAR. 

(...)

What I think could happen is that the BTC whales push the BTC price down enough that institutional investors jump in and push the price back up.  This would be a double hit on the whales because they would lose out of buying back in, plus they would be on the wrong side of the futures.  This would effectively destroy the power of the whales and put it in the hands of the institutional buyers. BTC would then likely become a real store of value and much more valuable, in my opinion.

Another thing that could happen is a couple of the BTC whales break ranks and start buying back.  They would end up with more BTC at the end, but screw their fellow whales.

Watch for a sharp bounce back in BTC.  I wouldn't trade right now.

Of course, with $1.3 billion a day being transacted (500 mil in xrp/Fiat)  the cost to Ripple could get very expensive.  How committed are they to pushing this through now.  Do they back off and shut it down or downscale?

So... will you sell XRP positions and load again in a few days/weeks ?

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1 minute ago, pascales said:

So... will you sell XRP positions and load again in a few days/weeks ?

No.  When BTC bounces, the whole market will too, including XRP.

 

Don't miss it.

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Couple things about XRP market in general. It is possible that market still drops down, but there´s quite a good support now at .4 and very strong support at .23 since summer -17. If that fails, price could go below .10 but we must remember that at that point it will be so much cheaper for institutions to buy XRP from open market than it is from Ripple directly.

I do not believe that people who HODLed since 2017 are selling now because of turbulence. They are not. All of us who have been following XRP closely for longer period do share the same vision about XRP future utility and value, and even though this vision is not identical, we all know value will be higher eventually.

Volume is what counts! BTC utility is based 99,99% on it´s usage as base coin on cryptoexchanges, all volume comes from that. When xRapid launches fully, XRP´s utility comes from value changing transaction, which causes 3 volume gaining events: your fiat - conversion to XRP, XRP - XRP, XRP - conversion to receiver´s fiat.

Exchange - payment - exchange

1 dollar sent = 3 dollars in XRP volume

+ more and more exchanges now starting to understand the value of XRP as base, which will reduce the need for BTC and ETH for good. ERC20 and all these forks we´ve seen... let´s not even go there.

Why would you drive with horse and carriage, when you have a Lamborghini right next to it, unless for historical reasons :)

Edited by P3T3RIS

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Craig white is single handedly destroying the credibility of PoW - and it's hilarious to watch as his ego consumes him. 

 

No invester in their right mind would want to get involved in a system that can be forked ad infintium, nor place their investment in the hands of pedantic, narcissistic man child prone to tantrums

 

 

Edited by tartankiwi

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