Jump to content
gkatz

when did utility stopped and speculation began again?

Recommended Posts

hi guys;

I am a bit baffled. there was a time , not so long ago, when all the rage was that utility will push XRP to the top. if many banks will use XRP it is supposed to skyrocket was what everyone was saying.

watching a lot of videos in a lot of channels I feel like  speculation suddenly got back on the horse. people are talking about bull runs, financial institutions getting into the game through custodians, etc...

I understand these might bump the market but if we truly believe utility (xrapid) will drive xrp than who cares about all the rest of the stuff except of day traders? I am a bit concerned that people "lost" belief in the utility side of things...

your comments are welcomed.

Share this post


Link to post
Share on other sites

Like I said many times, the potential of XRP has only got UP, IMHO.

I started almost 2y ago and I haven't seen anything else other than progress.


The price movement, again IMHO, means nothing since we need regulations and adoption/wider usage.

Once that kicks in, we can talk.

 

Till then...NOTHING has changed and we hodl. IMHO.

Share this post


Link to post
Share on other sites

I think some people hoped that with the start of Xrapid live the price would immediatly skyrocket. Going live simply meant that from that moment it CAN be used, which it probably, company after company, will in the coming months/years.

Speculation will however always be a part of it. Let's hope that soon the price will go up in tandem with both utility and speculation.

Share this post


Link to post
Share on other sites

At which point will utility be high enough to affect the price, that’s the question. My guess is it will take years if it happens at all ( still not a sure thing although I’m betting on it).  Speculation on this happening sooner or later can however push the price up ( like stockmarkets are always anticipating things months before it actually happens). 

Share this post


Link to post
Share on other sites

It's human nature to be more or less impatient. Many crypto investors aren't experienced investors. Also the continuous bear market in 2018 already did chase away a lot of retail investors. Add to that even many whales (think crypto project owners/leaders and early investors) probably don't have another source of income than crypto sales. And just like many of us, they also might value a dollar now higher than a possible five dollars in a few years time.

Myself i'm more convinced than ever that crypto and more specific XRP will have a bright future beyond our wildest dreams. At the same time I think that this will take a lot more time than I thought about a year ago.

Share this post


Link to post
Share on other sites
hi guys;
I am a bit baffled. there was a time , not so long ago, when all the rage was that utility will push XRP to the top. if many banks will use XRP it is supposed to skyrocket was what everyone was saying.
watching a lot of videos in a lot of channels I feel like  speculation suddenly got back on the horse. people are talking about bull runs, financial institutions getting into the game through custodians, etc...
I understand these might bump the market but if we truly believe utility (xrapid) will drive xrp than who cares about all the rest of the stuff except of day traders? I am a bit concerned that people "lost" belief in the utility side of things...
your comments are welcomed.

Utility is what it is..... utiliy. FI’s wanting to exploit the advantage of xRapid somehow, direct or indirect, will need to hold and to trade XRP. How this translates to demand? To the volume of utility & speculative accumulation... I’s no rocket science you know....

Share this post


Link to post
Share on other sites

Unless CRYPTO goes main stream, XRP will always be the speculative investment. If many are seriously thinking making big money off it, the only way to do it at the moment is to buy and hold using money you can afford to lose in the casino, anymore it will only give you stress.

Share this post


Link to post
Share on other sites
8 hours ago, gkatz said:

...speculation suddenly got back on the horse. people are talking about bull runs, financial institutions getting into the game through custodians, etc...

Let's be clear about "speculation"
Everyone is bullish on crytpo!

NOBODY is really "selling" crypto.  
Small investors with weak hands are being pushed out, but this doesn't make up much of the volume.
There are those that don't believe in crypto, but they're not putting actual money on the line.
No, the only cause of the market being held down right now are the large financial institutions.
They are patiently pushing the price down as far as they can in the retail market,
so that they can buy cheaper crypto in a HUGE way on the OTC market.

Yes, because of utility and all the amazing news this year, the bull run would have already started if not
for the FI's putting it on pause so that they can take advantage of all the new custodial services.
(when you or I miss the train, we miss the train.  When FI's miss the train, they bring the train back)

It's already happening.  
The million dollar question is, when will they be done?  Once they stop suppressing the price, a bull run (with extra FOMO) will be inevitable.
Yes, they can buy now through many custody providers, but the big custody players won't be available until the Spring of 2019.
Can they suppress the market that long?  Absolutely!
Will they?  Probably.
Will other whales orchestrate a small / fake "bull" run to take advantage of the situation before next Spring?  Also probable.
Remember, the crypto market may seem large, but it's tiny compared to Forex.
And its lack of liquidity continues to leave it vulnerable to manipulation.
And the greedy Forex whales have all the tools necessary to take small fortunes out of the crypto market before the next big bull run.

So, anything is possible in the short term, but eventually, the whole market will explode.
The real investors are extremely patient, and could keep the entire market suppressed all the way to 2020 if it is to their advantage.

I doubt it will take that long.
Ripple and all the others have been talking all year about how FI's are wanting to come in to crypto, and that they've already started to do so in a small way.
But they're doing it behind closed doors.  

So, for now, breakout strategies are the smart play.
Once all the FI's are in, it will be GO time!!!

Anyone have any insight into when all the major FI's will be fully invested?

 

Share this post


Link to post
Share on other sites
47 minutes ago, increasedwisdom said:

Anyone have any insight into when all the major FI's will be fully invested?

It has always appeared to me that they will be ready in front of the upcoming global liquidity tightening process.  This is happening now, but has yet to effect enough markets and economies.  In the next 6-12 months is when a number of hedge fund managers I have read said they will be looking for hard signals of this occuring, and several emerging market economies (not just the markets) collapsing.  At that point higher yield instruments  and risk on (ie this new crypto market) will be more appetizing.  I think we have a rough estimate of time, but we have to watch along viligantly as well. It's a great question...

Share this post


Link to post
Share on other sites
49 minutes ago, increasedwisdom said:

Let's be clear about "speculation"
Everyone is bullish on crytpo!

NOBODY is really "selling" crypto.  
Small investors with weak hands are being pushed out, but this doesn't make up much of the volume.
There are those that don't believe in crypto, but they're not putting actual money on the line.
No, the only cause of the market being held down right now are the large financial institutions.
They are patiently pushing the price down as far as they can in the retail market,
so that they can buy cheaper crypto in a HUGE way on the OTC market.

Yes, because of utility and all the amazing news this year, the bull run would have already started if not
for the FI's putting it on pause so that they can take advantage of all the new custodial services.
(when you or I miss the train, we miss the train.  When FI's miss the train, they bring the train back)

It's already happening.  
The million dollar question is, when will they be done?  Once they stop suppressing the price, a bull run (with extra FOMO) will be inevitable.
Yes, they can buy now through many custody providers, but the big custody players won't be available until the Spring of 2019.
Can they suppress the market that long?  Absolutely!
Will they?  Probably.
Will other whales orchestrate a small / fake "bull" run to take advantage of the situation before next Spring?  Also probable.
Remember, the crypto market may seem large, but it's tiny compared to Forex.
And its lack of liquidity continues to leave it vulnerable to manipulation.
And the greedy Forex whales have all the tools necessary to take small fortunes out of the crypto market before the next big bull run.

So, anything is possible in the short term, but eventually, the whole market will explode.
The real investors are extremely patient, and could keep the entire market suppressed all the way to 2020 if it is to their advantage.

I doubt it will take that long.
Ripple and all the others have been talking all year about how FI's are wanting to come in to crypto, and that they've already started to do so in a small way.
But they're doing it behind closed doors.  

So, for now, breakout strategies are the smart play.
Once all the FI's are in, it will be GO time!!!

Anyone have any insight into when all the major FI's will be fully invested?

 

You are making a lot of big claims in your post. Can you prove it though that large financial institutions are purposely keeping the prices low?

Share this post


Link to post
Share on other sites
18 minutes ago, Raekwon said:

You are making a lot of big claims in your post. Can you prove it though that large financial institutions are purposely keeping the prices low?

Let's just say, nobody is willing to go on record.
And why would they?  They certainly don't want the SEC investigating them over it.

But those of us in the business have heard on numerous occasions, both first hand and second hand, that this is happening.
All the signs are there, and it's not like it would be the first time either.  It's pretty much standard operating procedure for a situation like this.

It makes perfect sense too.  When they buy OTC, it doesn't affect the price directly.
And it doesn't cost them much (relatively speaking) to move the retail market down.
It would be ridiculous not to do it.

So to answer your question directly, "No, I can't prove it."
But what is the alternative reason for why the price is dropping?  Who is selling so strongly and consistently?
The exchanges themselves could be involved, but they have everything to loose if they get caught.  It's possible, but less likely.
Show me one whale in the retail crypto market that thinks all cryptos are going to zero, and is betting everything they have on it!
They just don't exist; not enough to move the market like this.  Everyone is either bullish, or not investing. 


Honestly though, I think it's more complex than that.  It's not the only factor like I said earlier.
There's a lot of players with different agendas all fighting different crypto wars.
But this isn't a typical "bear" market.  There's no real "bear" out there.
The market is being pushed down,
by the same people who will be pushing it up next year.
It doesn't really matter who.  It's really just a question of when.

Share this post


Link to post
Share on other sites
On 12/4/2018 at 11:54 AM, Raekwon said:

You are making a lot of big claims in your post. Can you prove it though that large financial institutions are purposely keeping the prices low?

Anyone with level II or level III access can see it happening live, 24/7.  It's no secret crypto is being suppressed while the whales load up.  This is common practice among those with deep pockets, knowledge of which is shared and taught like kindergarden trading 101.  Not just crypto, but all securities and the SEC is powerless to stop it on any level.  There is nothing ethical about trading, what goes on behind the scenes would cause most to have a heart attack.

Share this post


Link to post
Share on other sites

×