Jump to content
Greeny

We all got fooled again.

Recommended Posts

Bridge currency = key currency on the network.

We must not forget this.

XRP become the key currency of all assets.

This is absolutely important.

For example

If all Fiat currencies make XRP key currency, the exchange demand will explode.

XRP is hold by many people and companies on the network.

Demand will explode and 100 billion XRP will be insufficient.

It will be dollar with limited number of sheets.

I can easily imagine the price going up.

Edited by hamasugu

Share this post


Link to post
Share on other sites
4 minutes ago, KaaKaRmA said:

There is no utility demand. A few payments here and there will not do anything for the price. With such fast transaction speed, the velocity of utility needs to be significantly higher to see a direct correlation on price. Until this happens, all XRP price increases are based on speculation. 

Yes utility and utility demand two different things

Share this post


Link to post
Share on other sites
1 hour ago, Greeny said:

Good news came out yesterday with the R3 and Swift partnership, we all got excited so the day traders used that as a time to do a 14% pump and dump.  24 hours later right back at the 30 cent range and probably about to fall into the upper 20s.  I will admit that article  about all of ripples partners been scams, was a bit unnerving to me .  I have been around this firm for a long time and was a serious believer in Ripple,  but admit that I am starting to have doubts about their future.

 

Which partners? which scams? which articles?

Yesterdays news about the developing links between SWIFT/R3/Ripple has been under reported if anything and ramifications understated and not priced into the value of XRP yet.  That sort of news takes weeks to sink in.

If you want to trade on the basis of immediate financial results and instant profits, rather than doing your own research and investing long, you should study TA and probably leave the crypto market alone. 

Edited by Julian_Williams

Share this post


Link to post
Share on other sites
1 hour ago, Greeny said:

Good news came out yesterday with the R3 and Swift partnership, we all got excited so the day traders used that as a time to do a 14% pump and dump.  24 hours later right back at the 30 cent range and probably about to fall into the upper 20s.  I will admit that article  about all of ripples partners been scams, was a bit unnerving to me .  I have been around this firm for a long time and was a serious believer in Ripple,  but admit that I am starting to have doubts about their future.

 

You may be a serious believer in Ripple, as you say, but it's clear you don't actually understand the whole reason why to support Ripple and the XRP ecology.  Crypto traders behaved like traders?  Shocking.  What does that have to do with anything?  XRP is the only cryptocurrency that is being used other than as a mere store of value and outside of the crypto world.  It's being used to send money internationally.  Hard stop.  This should and will increase, thus driving demand, thus driving price.  It will take time for this to happen.  Stop being impatient and whining about things that have nothing to do with anything.

Share this post


Link to post
Share on other sites
43 minutes ago, KaaKaRmA said:

There is no utility demand. A few payments here and there will not do anything for the price. With such fast transaction speed, the velocity of utility needs to be significantly higher to see a direct correlation on price. Until this happens, all XRP price increases are based on speculation. 

xRapid has only been in production mode for about 4 months. Isn't this statement a little premature? I think there's reasonable cause for optimism before several years later.

Share this post


Link to post
Share on other sites

I quit the XRP Trading club, here, because all I wanted to do was cram attention deficit disorder meds down a bunch of throats.

Thanks for posting this nauseating "it moved 1.5 cents against my trade" garbage in General Discussion.  You're a real pal... :rolleyes:

Share this post


Link to post
Share on other sites

Take responsibility for your  life . If you dyor and still feel like ripple is crap then  leave . There are plenty of legitimate projects with great utility in crypto. 

Nobody has fooled you , only you yourself. Getting rich in crypto is not difficult , you just need to do the necessary work 

Edited by Zerp_Legend

Share this post


Link to post
Share on other sites
1 hour ago, KaaKaRmA said:

As much as your YouTubers, Bear fuzzies, Twitter prophecies, etc want you to beleive this is a “cant miss” time and ships about to take off, they’re selling you on their channel and message and not XRP and Ripple. We’re years away from mass utikity adaption and even that is unknown. No, this isn’t FUD. It’s real talk that hopium junkies don’t want to admit. There is no utility yet. All increases move with the market or are based on speculation.  Everyone and their brother knew yesterday was a pump and if you were smart, you’d have sold some and bought back in at the dip. Yes, holding long term will make money. However, there’s no reason not to make money in short term on pump and dumps based on speculation. 

I disagree. Yes, speculation is always present in "all" markets. That is not unique to xrp. Apple moves on speculation that the next earnings is going to be good or continue being bad, etc. The actual numbers are only momentary (albeit sometimes abrupt stock movements) and the rest is speculation on whether or not the news or numbers continue, change directions, etc.. Because Ripple is a newer company the numbers are less important than the news of partnerships, etc, but even the numbers are impressive for Ripple and XRP. Lately, news for Ripple and XRP has been tremendously positive and substantive. 

However, if you look at the charts at 1 a.m. just as both, xrp and BTC, were about to break out (in a run led by XRP) and up another leg, there was a large, abrupt BTC sell order wiping out the books. This has been the pattern since the last bull market. It is being manipulated by a few big players. XRP wants to go up and would if it were not attached to BTC and it were not being manipulated. I doubt we're years away from being out of this stronghold of a few wealthy players. I see it happening in months.  

Share this post


Link to post
Share on other sites
23 minutes ago, VanGogh said:

I disagree. Yes, speculation is always present in "all" markets. That is not unique to xrp. Apple moves on speculation that the next earnings is going to be good or continue being bad, etc. The actual numbers are only momentary (albeit sometimes abrupt stock movements) and the rest is speculation on whether or not the news or numbers continue, change directions, etc.. Because Ripple is a newer company the numbers are less important than the news of partnerships, etc, but even the numbers are impressive for Ripple and XRP. Lately, news for Ripple and XRP has been tremendously positive and substantive. 

However, if you look at the charts at 1 a.m. just as both, xrp and BTC, were about to break out (in a run led by XRP) and up another leg, there was a large, abrupt BTC sell order wiping out the books. This has been the pattern since the last bull market. It is being manipulated by a few big players. XRP wants to go up and would if it were not attached to BTC and it were not being manipulated. I doubt we're years away from being out of this stronghold of a few wealthy players. I see it happening in months.  

We can’t compare news from actual function companies to crypto assets. If Apple announces new iPhone, there is a cause and effect that drives price up. Their announcement will be tied directly to purchases and sales. When Ripple partners with companies, Ripple the company value goes up because they’re selling their software etc.  This unfortunately doesn’t translate to XRP, otherwise it would be deemed a security. When these partnerships are announced and good news is released, it’s all speculation.  For example, we have no idea the layer or depth of a partnership. We don’t know the intent of how they’ll use XRP, their volume , etc so it’s all speculative.  It’s not an apples to apples comparison of good news = price increase like most businesses.  Hell, even yesterday’s news we don’t know if it’s good or bad yet.  

Share this post


Link to post
Share on other sites

Many of the people on this forum understand what I am going to type out but there are others who have no clue just how far we are from adoption and real "moon time".  Investing in XRP is  incredibly risky venture, this is a fact, you can not have insane return expectation without equally insane amount of risk. Do you buy a lotto ticket and complain you didn't win?  There are so many ways Ripple/R3/Coil/XRP can fail it isn't even a joke, Swift can suddenly find a way to compete and already have the network effects in place, banks can decide that XCurrent is good enough, several G20 countries could suddenly outlaw Crypto across the board, etc.

The chances of failure are so great but without them none of us would still be expecting 50x - 100x returns.  So why are we here then and what time line are we looking at?  Ripple and others building the XRP ecosystem have had the same vision for  5-6 years now, build the internet of value and put a dent in the universe.  They want to do for the world's financial system what the internet did for information.  When the internet was created no one suddenly had the internet, the literal pipes and cables had to be laid, network service providers had to be built, and people had to be sold on the idea of the internet and it's capabilities.  The majority of that process took 10-15ish years.

So where are we at?  Ripple and co. are still laying the pipes, XCurrent is simply getting banks and payment providers on the same network.  Once the network is big enough we can actually understand the maximum potential for this network and build upon that.  If you are on this forum you likely believe that the maximum potential is everyone on that network uses XRP to send remittances instantly and cheaply around the world.  That one day I can fly to japan, download their moneytap app, connect it to my bank account in the U.S. and instantly pay someone yen without even understand what's happening in the background.

That is a long ******* time away but I see the potential.  I escrowed my XRP with an understanding that this **** is binary, fail or pass, nothing in between.  That is the risk, discount the money you expect XRP to return if successful anytime in the next 5 years, if it meets your return expectation awesome if it doesn't get out now.  Agree with me or not on how I should be looking at XRP as an investment, I took money I could afford to lose ran to the casino and put it on 00, if you got in this with an expectation that would were for sure making money you need to google "risk-return" right now.  Damordan, finance professor at NYU Stern, likes the Chinese symbol for risk because it is comprised of the symbols for danger and opportunity, whether that is the correct translation or not it is perfect for XRP.

Edit: I chose 5 years because I got in this about a year and a half ago and Ripple escrowed their XRP until 2023.  I believe that basically means they understand that if this thing isn't showing major signs of success by then it just isn't going to happen.

Edited by Bettergoham
Explanation

Share this post


Link to post
Share on other sites

What a bunch of impatient whiners! What Ripple has managed to accomplish since their inception only a few years back is actually quite remarkable, and to equate a briefly stagnate xrp price with a lack of success, is either outright FUD or willful ignorance. The release of 1 billion xrp from escrow each month tempers the price appreciation enormously; like it or not; however, the genius behind their objective is clear. Ripple isn't going after some small-time nickel and dimes market, but is looking to position itself as THE major player in the the world-wide IoV. This necessarily requires such an enormous supply of xrp, to carry even just a modest percentage of that load. Like it or not, in the beginning especially, it's going to hold the price of xrp back. Even at "only" twenty or thirty cents, the price appreciation of xrp has been phenomenal as compared to 0.006 of only a short time ago - chill out people! If you don't believe in what the Ripple Team is already well on their way to accomplishing, then go elsewhere, do your homework, and see if you can find any other company that's as well thought out and is executing their plan as well as they are. This "when Lambo" mentality is so short-sighted as to be comical. Nothing in business or life is guaranteed, and I full well expect that Ripple will experience both set backs and failures along their way, but I'm also confident that their successes, over time, will eclipse these as they literally re-write the history of instantaneous money transfer as they establish the IoV. As always, time will tell.....   

Share this post


Link to post
Share on other sites
14 minutes ago, Bettergoham said:

Many of the people on this forum understand what I am going to type out but there are others who have no clue just how far we are from adoption and real "moon time".  Investing in XRP is  incredibly risky venture, this is a fact, you can not have insane return expectation without equally insane amount of risk. Do you buy a lotto ticket and complain you didn't win?  There are so many ways Ripple/R3/Coil/XRP can fail it isn't even a joke, Swift can suddenly find a way to compete and already have the network effects in place, banks can decide that XCurrent is good enough, several G20 countries could suddenly outlaw Crypto across the board, etc.

The chances of failure are so great but without them none of us would still be expecting 50x - 100x returns.  So why are we here then and what time line are we looking at?  Ripple and others building the XRP ecosystem have had the same vision for  5-6 years now, build the internet of value and put a dent in the universe.  They want to do for the world's financial system what the internet did for information.  When the internet was created no one suddenly had the internet, the literal pipes and cables had to be laid, network service providers had to be built, and people had to be sold on the idea of the internet and it's capabilities.  The majority of that process took 10-15ish years.

So where are we at?  Ripple and co. are still laying the pipes, XCurrent is simply getting banks and payment providers on the same network.  Once the network is big enough we can actually understand the maximum potential for this network and build upon that.  If you are on this forum you likely believe that the maximum potential is everyone on that network uses XRP to send remittances instantly and cheaply around the world.  That one day I can fly to japan, download their moneytap app, connect it to my bank account in the U.S. and instantly pay someone yen without even understand what's happening in the background.

That is a long ******* time away but I see the potential.  I escrowed my XRP with an understanding that this **** is binary, fail or pass, nothing in between.  That is the risk, discount the money you expect XRP to return if successful anytime in the next 5 years, if it meets your return expectation awesome if it doesn't get out now.  Agree with me or not on how I should be looking at XRP as an investment, I took money I could afford to lose ran to the casino and put it on 00, if you got in this with an expectation that would were for sure making money you need to google "risk-return" right now.  Damordan, finance professor at NYU Stern, likes the Chinese symbol for risk because it is comprised of the symbols for danger and opportunity, whether that is the correct translation or not it is perfect for XRP.

I like and agree with a lot of what you write, but I don't agree on the timeline. Though to fully play out with large banks and governments, it will take numerous years, the rest will happen a lot more quickly than the dot-com build up and adoption because we have that very technology to speed it ahead, gain awareness (it would only take one major company or event to become a viral thing let alone a geo-political event such as Russia and Iran). Much of this new "velocity of money" is going to happen quickly. There are already large companies and institutions pushing hard to make this a reality. 

Share this post


Link to post
Share on other sites
3 hours ago, Greeny said:

Good news came out yesterday with the R3 and Swift partnership, we all got excited so the day traders used that as a time to do a 14% pump and dump.  24 hours later right back at the 30 cent range and probably about to fall into the upper 20s.  I will admit that article  about all of ripples partners been scams, was a bit unnerving to me .  I have been around this firm for a long time and was a serious believer in Ripple,  but admit that I am starting to have doubts about their future.

 

That’s called consolation dude 😆

Share this post


Link to post
Share on other sites

×