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DividendGamer

Answer chat: XRP Price

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They seem to be pretty price agnostic.

David's speech made it clear that it is a metric they look at, but it doesn't have the company running off it.

They are busy building the network and infrastructure for the Internet of Value, with a very heads down approach. 

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Why measure price mainly in USD at all if you can compare it to e.g. BTC or ETH - which are at least in the same asset class? Comparing to US Dollars, bushels of wheat or grams of illegal drugs doesn't really make sense and these are arbitrary, free floating values anyways that are influenced by very different events or developments.

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31 minutes ago, BobWay said:

As David has said, Ripple the company would benefit from a higher price but has no means to control it.

I recall reading a post by David saying that Ripple wouldn't let XRP be a high price (too early on/soon) because this would be a barrier for entry for new partners as well. 

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Guest
Posted (edited)

Vain vrs Vane. Is that a clue or something. It's very see through.

I mean he bolded the vain part...right? 

Edited by Guest

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7 hours ago, XRPboi said:

I recall reading a post by David saying that Ripple wouldn't let XRP be a high price (too early on/soon) because this would be a barrier for entry for new partners as well.

Interesante...

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7 hours ago, XRPboi said:

I recall reading a post by David saying that Ripple wouldn't let XRP be a high price (too early on/soon) because this would be a barrier for entry for new partners as well. 

I would be very interested and surprised to read that.

Every statement I’ve ever read from all Ripple staff indicate that they 

  • don’t control price
  • wouldnt want to control price
  • dont understand why the price behaves as it does sometimes.

I also don’t believe that the price is any kind of a barrier to partners...  high or low.  

I think you may have simply accepted someone’s fud posting.

Have a read of this:

https://fudbingo.com/ripple-wants-to-suppress-the-price

and then some of these...

https://fudbingo.com/

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Posted (edited)
9 hours ago, XRPboi said:

I recall reading a post by David saying that Ripple wouldn't let XRP be a high price (too early on/soon) because this would be a barrier for entry for new partners as well. 

Honestly, I have a hard time to believe that. Like @Tinyaccount I'd be very surprised to read that.

Even this week David mentioned at an event in Texas that he, like most of us, has no idea why the crypto market prices are at the current levels and also that it feels slightly frustrating that the quality/success of a project doesn't seem to be reflected in the market price in this stage of the game (my paraphrasing of David's words).

Edited by Rey
only -> even

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It’s obvious why the entire market is not moving first it’s the bear market and I don’t see any moves until pass summer and then it’s the SEC moving like turtle trying to get the regulations in place. 

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Posted (edited)
17 hours ago, Rey said:

Honestly, I have a hard time to believe that. Like @Tinyaccount I'd be very surprised to read that.

Even this week David mentioned at an event in Texas that he, like most of us, has no idea why the crypto market prices are at the current levels and also that it feels slightly frustrating that the quality/success of a project doesn't seem to be reflected in the market price in this stage of the game (my paraphrasing of David's words).

Whether anyone wants to believe it or not makes no difference. It was a response he recently made to a users question on Quora (and has since been deleted since I mentioned it in this thread).

The post was a question about why/how banks would want to use XRP/Ripple after the price begins to take off (because "it would be more expensive for new partners to buy XRP"). David's answer was clear and concise, and the only part I was surprised to see (towards the end) was the line about how 'Ripple won't let the price take off (and price potential partners out) before they are ready."

I'd go take a screenshot, but like I said, the post has been removed. Maybe I just misinterpreted what he meant (although it seemed pretty straightforward, and very contradictory to what he typically says publicly). 

Edited by XRPboi
Typo

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1 hour ago, XRPboi said:

Whether anyone wants to believe it or not makes no difference. It was a response he recently made to a users question on Quora (and has since been deleted since I mentioned it in this thread).

The post was a question about why/how banks would want to use XRP/Ripple after the price begins to take off (because "it would be more expensive for new partners to buy XRP"). David's answer was clear and concise, and the only part I was surprised to see (towards the end) was the line about how 'Ripple won't let the price take off (and price potential partners out) before they are ready."

I'd go take a screenshot, but like I said, the post has been removed. Maybe I just misinterpreted what he meant (although it seemed pretty straightforward, and very contradictory to what he typically says publicly). 

I respectfully disagree as to me it makes all the difference. Based on all the things I've heard and read about David, including that verifiable event last week, I trust that his statements as made on that event are true. As your statement isn't verifiable, I see no reason to change my opinion on this issue ... please note: I'm not saying you're lying as I do believe that you're honest about what you think you saw. Anyway, thanks for sharing.

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1 minute ago, BobWay said:

Don't poke fun at my typos! :biggrin:

Sorry Bob! 

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Posted (edited)
1 hour ago, Rey said:

 Based on all the things I've heard and read about David, including that verifiable event last week, I trust that his statements as made on that event are true.

He also said at that event (I paraphrase) he suspects XRP price accurately reflects its current value. If it didn't wealthy people out there who share our optimism would buy f-tons of it so pushing the price up.

 

Edited by stickmonster

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