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LeoiZuria

From your perspective, what's the real potential price can XRP have?

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1 hour ago, DividendGamer said:

With all that we have learned from Bob Way, easily $100+ in 5-10 years.

Can you elaborate?  I haven't seen everything that was asked of Bob, and all of his responses, although I realize that he's a great resource.

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6 minutes ago, Sharkey said:

Can you elaborate?  I haven't seen everything that was asked of Bob, and all of his responses, although I realize that he's a great resource.

All the details about the overall scope of Ripple and where they want to take xrp.

 

4 hours ago, BobWay said:

This was another link I looked at in association to this post, but it seems to be edited out now.

https://drive.google.com/file/d/1oH1pflv8ebpUyevLaUxQJ9jBm1iKOJ32/view

PLEASE DON'T BET YOUR LIFE SAVINGS BASED ON THESE ARGUMENTS!

Again: I don't give financial advice. But I see a lot of misunderstands in how markets work in these links.

It is really important to understand that people/firms make money in the market in different ways.

Market Makers: Make money by selling TIME. They are not speculating on the price. In fact, the price moving represents unfortunate risk to them. Market makers exist to make sure that the assets you hold are always liquid. Meaning you can sell them whenever you want without waiting, at a price that is predictable and doesn't move the market. A market maker buys low and sells high by definition. The difference may be only a couple of pennies net on the transaction, but they want to do those transactions millions of times. As I mentioned market making system at large banks can trade TRILLIONS of dollars in a single day. The money simply vibrated back and forth like alternating current.

Arbitragers: Make money based on MISS-PRICING among markets. Their role is to make sure EVERY market reflects the same market price. Arbitragers hate to take risk, so they don't. They buy on one market and sell on a different market at exactly the same time (or as close as is computationally possible). So the argument that says, as soon as people see the price go up in one market, they'll raise their prices in other markets is not likely a key dynamic. One of the things that arbitragers need to be good at is rebalancing their funds very cheaply. Expect that they are better at this than you are. So if one market is leading the way up, and an arbitrager is lifting a secondary market to match, you can be sure the trader has a fast and cheap way to move his non-crypt funds between markets.

Speculators: Make money based on changes in the market price. You can think of them as getting their cut last. Markets tend to move based on imbalanced flows. If the same amount of USD is flowing into the XRP market as flowing out of it, then the price will stay the same. If more USD wants to flow in than out, the price will rise. And in the reverse the price will fall. This is one of the huge advantages that the XRPL has over mining based systems.

With mining, there is a constant outflow to all fiat currencies due to the miner's need to pay their electricity bills and to cover the cost of expensive mining hardware. So bitcoin and other mining based cryptocurrencies need a consistent source buyers using fiat, just to maintain the current price. So if all buyers failed to show up on one day, the price would plummet because miners MUST sell to cover their bills. They can't wait (limit orders) indefinitely for buyers to show up. Ripple validators don't have this continuous utility burn rate. There is some hardware but it is insignificant compared to a mining rig. There is some cost, but it is also insignificant and consistent compared to a mining rig.

-----

What does push XRP prices up for speculators?

1) New market makers wanting to enter the markets in order to scalp the high profits from existing market makers. These traders need to buy of "fat stacks" of XRP to keep deployed (long term) in the markets they are making.

2) Arbitragers wanting to enter the market in order to scalp the high profits existing arbitragers are making. Likewise, they need "fat stacks" of XRP deployed at multiple exchanges so they can execute trades at the same time.

3) Other people who see holding a very liquid (to every currency) asset as a personal advantage. This includes business and regular people.

I personally, am NOT trading based on these numbers.

I see arguments like this all the time. Most are not very well thought out. But if you want to get overly excited about something that might not happen. I've heard a much more fun bit of speculation that went:

Of course, whose to say when or if that will ever happen. Again, math is fun. But be very careful with your bets.

From page 28

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26 minutes ago, DividendGamer said:

All the details about the overall scope of Ripple and where they want to take xrp.

 

From page 28

I have read every post and it is fun to see a ex Ripple insider posting here again, but I don't see how you have taken anything he has said and equate that to a high evaluation. If anything he has shyed away from saying anything that makes XRP's rise seem like a sure thing and continual uses the word "speculative" whenever describing his investment in XRP even if bullish.

While more technical that any poster in the history of XRPchat sans Joel Katz there is little that has been said that equates to market penetration, why xRapid will succeed, chicken or egg argument solution, or anything that should make anyone say, "We must buy more now this will moon!" 

It may it may not, but the tech, design, and forethought is really good is my take away from 29 pages nowhere does it say when, how, or why banks will start using xRapid and even then does it increase price? Ask Bob will xRapid increase price in and of itself?

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Posted (edited)
On 3/7/2019 at 5:27 PM, LeoiZuria said:

This post is for everyone to be able to express their thoughts about real potential price of XRP. The only driver I want you to have is to say a REAL ACHIEVABLE price, taking into account actual demand, potential demand, total amount of coins, global money, competitors, etc.

I know it's not that easy, but let's guess :)

P.S. Please, if you are going to say 589 with no real mathematical support, just don't say anything :P Real achievable prices!!!!

 

Absolute ridiculous impossible to see right now max price: $10,000
Sustainable price within 20 years: $1,000
Questionable price in five years: $100
More reasonable price in four years: $37
End of 2019: Under $1

Most price predictions contain investor bias which creates highly skewed predictions

Edited by XRPto50dollars

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9 hours ago, ADingoAteMyXRP said:

This isn’t an estimate of XRP value, it’s a net-present-valuation. It shows what the authors think XRP’s value should be TODAY, based on market potential. They’re saying it should be worth about 2-3x where it’s trading.

My own view is that, if successful, we could see $1,000 based on cross-border payments activity alone (market makers holding most of that). Corporate buy ups could be another $500. New markets for money usage and small-value payment could add another $1,000 onto that. Speculation and wealth storage (to avoid inflation) would account for another $1,000. International RTGS could be $500 more (making use of existing market makers). If countries begin to stockpile or back with gold or other commodities, another $2,500.

So... $6,500 or so with ginormous success. Or $0 with failure.

 

..... stop it. 

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On 3/9/2019 at 7:38 PM, 010101 said:

I have read every post and it is fun to see a ex Ripple insider posting here again, but I don't see how you have taken anything he has said and equate that to a high evaluation. If anything he has shyed away from saying anything that makes XRP's rise seem like a sure thing and continual uses the word "speculative" whenever describing his investment in XRP even if bullish.

While more technical that any poster in the history of XRPchat sans Joel Katz there is little that has been said that equates to market penetration, why xRapid will succeed, chicken or egg argument solution, or anything that should make anyone say, "We must buy more now this will moon!" 

It may it may not, but the tech, design, and forethought is really good is my take away from 29 pages nowhere does it say when, how, or why banks will start using xRapid and even then does it increase price? Ask Bob will xRapid increase price in and of itself?

This^. While Bob's technical explanations have been very helpful, nowhere in his posts has he explained or suggested a large price increase in the short term or long term. In fact, it seems he has based the highest chances of an increased price on pure speculation, which is actually more concerning to me than anything. 

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Posted (edited)
On 3/10/2019 at 2:38 AM, 010101 said:

I have read every post and it is fun to see a ex Ripple insider posting here again, but I don't see how you have taken anything he has said and equate that to a high evaluation. If anything he has shyed away from saying anything that makes XRP's rise seem like a sure thing and continual uses the word "speculative" whenever describing his investment in XRP even if bullish.

While more technical that any poster in the history of XRPchat sans Joel Katz there is little that has been said that equates to market penetration, why xRapid will succeed, chicken or egg argument solution, or anything that should make anyone say, "We must buy more now this will moon!" 

It may it may not, but the tech, design, and forethought is really good is my take away from 29 pages nowhere does it say when, how, or why banks will start using xRapid and even then does it increase price? Ask Bob will xRapid increase price in and of itself?

I think this is a question that ought to be directly addressed to @JoelKatz himself.

Many of us are concerned by the fact the XRP price may eventually only increase based on speculation. It is scary yes, I expect markets makers / takers can make the price increase based on supply / demand, but in the end I would rather have a straight answer from David.

Edited by JannaOneTrick

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2 hours ago, JannaOneTrick said:

I think this is a question that ought to be directly addressed to @JoelKatz himself.

Many of us are concerned by the fact the XRP price may eventually only increase based on speculation. It is scary yes, I expect markets makers / takers can make the price increase based on supply / demand, but in the end I would rather have a straight answer from David.

xRapid creates demand for XRP and will increase the price. You can search this topic in the search bar.

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3 minutes ago, ADingoAteMyXRP said:

xRapid creates demand for XRP and will increase the price. You can search this topic in the search bar.

Just like I said about my expectations, yet still to be proven in real, not only in theory. This is why I would like a straight answer from David himself about this very matter.

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On 3/10/2019 at 11:38 AM, 010101 said:

my take away from 29 pages nowhere does it say when, how, or why banks will start using xRapid and even then does it increase price? Ask Bob will xRapid increase price in and of itself?

It’s true I think that he did not outright say that.  

But he did say he sees three differing technical price lifting factors.  (If I recall correctly)

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11 minutes ago, JannaOneTrick said:

Just like I said about my expectations, yet still to be proven in real, not only in theory. This is why I would like a straight answer from David himself about this very matter.

Why do you think David would have an unbiased opinion about xRapid?

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Judging by the speed of winning major banks as customers or partners and compared to new competitors and their partners / banks (JPM partnered with 11,000 Banks worldwide, IBM, ...) I would say that RIPPLE should hurry.

If Ripple ever managed to win more than a minor bank or a FI with more than 5 employees, then I think $100 is achievable within the next 3-5 years.
However, I think that the proportion of speculation is significantly more than 50-80%.

Could it archive higher targets? IDK
And it depends on Ripples progress in the near future - as mentioned.

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