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ZzZerper

$251.51 Million Not Sure I feel about this

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38 minutes ago, Cooliozxrp said:

We have not been told CLs sales are supervised by ripple. Any source on that claim?

Supervised or not, the effect is essentially the same. This whole idea that you can expand the supply without impacting price has no basis. 

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16 minutes ago, ringer2 said:

Supervised or not, the effect is essentially the same. This whole idea that you can expand the supply without impacting price has no basis. 

Yes; no one disagrees that more supply lowers the price.  The main point is that the supply is being diverted to where it will be strategically needed for the future success of the project.  Success equals higher price, failure equals lower price. Low prices now in the accumulation phase makes XRP a better long term investment than if it had followed the whale manipulated BTC and LTC market up.

People who want to play the high risk market for big short term gains need to find something other than XRP to invest in. XRP is part of a long term strategy.  I am long term and I continue to buy XRP when I have spare cash.

Edited by Julian_Williams

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1 hour ago, Julian_Williams said:

Unfortunately many investors were only ever here for quick profits.  These people find it unbearable that LTC, ETH and BTC have exploded in the last few months and XRP's stability just makes them feel mad.  They think they must have been cheated by Ripple/XRP.  These people with their constant negativity will be gone when the price of XRP rises. 

These people are not value investors - they're looking for a quick buck, they never took on board that Brad G said their plans were 3 to 5 years (and that was 18 months ago, so we still have plenty of time).  I can only give them the "sh!t or get off the toilet" advice :D

 

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3 minutes ago, Julian_Williams said:

People who want to play the high risk market for big short term gains need to find something other than XRP to invest in. XRP is part of a long term strategy.  I am long term and I continue to buy XRP when I have spare cash.

Absolutely.  And I'd add - the crypto space really requires massive patience.  The big moves happen fast, the bear markets can last years.  Many people joined late into the last bull run and got burned - or they simply froze throughout it and didn't profit take, even though they had 4 to 6 weeks to make some really really decent gains.  They got a false impression that another bull run would popup soon after the last one...ask anyone who's held XRP since 2013 onwards...the bull runs are like flash floods in a desert...you get your strategy in place, and you take profits at set price points and you don't get too greedy. 

 

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5 minutes ago, 2ndtimearound said:

Absolutely.  And I'd add - the crypto space really requires massive patience.  The big moves happen fast, the bear markets can last years.  Many people joined late into the last bull run and got burned - or they simply froze throughout it and didn't profit take, even though they had 4 to 6 weeks to make some really really decent gains.  They got a false impression that another bull run would popup soon after the last one...ask anyone who's held XRP since 2013 onwards...the bull runs are like flash floods in a desert...you get your strategy in place, and you take profits at set price points and you don't get too greedy. 

 

I know you cashed out at peak - I was a beginner and got burnt for a few thousand, but long term the cash has positioned me well.  We all have to learn through our mistakes

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1 hour ago, ringer2 said:

 Why are any of you surprised by this? I told you 18 months ago the escrow releases were going to suppress prices. Nobody believed me back then and I was ridiculed by almost everyone for it. The escrowing of massive amounts of coins and the subsequent rise in price gave everyone an illusion that the coin had more value. But those coins in escrow were eventually going to released.  I mean, how many people on here kept saying “supply doesn’t matter” and “Ripple will wisely  handle the releases so as not to effect price”?

I’m not blaming Ripple for this. They are doing what they need to do. I just can’t believe so many didn’t see this coming and are now shocked by it. 

I kind of agree with you - it's not really surprising, but it's a strategy, so I'm not sure why people are disappointed.  This has been quite an intense distribution phase, with the likes of Chris Larsen ensuring prices stay low (to maximise sales and distribution).  Ripple are saying that now they will direct institutions to exchanges if they want to bulk buy....and only do OTC if exchanges lack the liquidity.  That is an encouraging sign.  Of course, I am saying all of this having a certain amount of faith in all the news I've been hearing about Ripple, R3, Swift, Moneygram et al.  Yes, maybe we're all being conned, but I really doubt it.  I do believe Ripple and XRP are a "unicorn in plain sight" and that they are preparing for very big things.  The recent article that point-blank stated that SWIFT were testing "Ripple's payment systems" to settle transactions in only seconds has me thinking we're not far away from a big announcement.  If I'm wrong and XRP ends up being a bizarre scam, then I'll admit they played me like a Stradivarius - that would be a scam with a Truman Show-esque level of elaborate ploys to fool a relatively small bunch of retail investors...while having a bunch of huge corporate entities (SBI, Moneygram, AmEx et al) either scammed too, or in on the scam.  If that were the case, I'd do a Truman, wave to the director in the sky, and reach for the exit door and onto some new investment :D 

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17 minutes ago, 2ndtimearound said:

These people are not value investors - they're looking for a quick buck, they never took on board that Brad G said their plans were 3 to 5 years (and that was 18 months ago, so we still have plenty of time).  I can only give them

“These people” as you call them pay Brad’s salary and all the investment into their software.

VC put $100m into Ripple. XRP investors have ultimately invested $1.1 Billion into Ripple. They deserve some respect.

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58 minutes ago, 2ndtimearound said:

I kind of agree with you - it's not really surprising, but it's a strategy, so I'm not sure why people are disappointed.  This has been quite an intense distribution phase, with the likes of Chris Larsen ensuring prices stay low (to maximise sales and distribution).  Ripple are saying that now they will direct institutions to exchanges if they want to bulk buy....and only do OTC if exchanges lack the liquidity.  That is an encouraging sign.  Of course, I am saying all of this having a certain amount of faith in all the news I've been hearing about Ripple, R3, Swift, Moneygram et al.  Yes, maybe we're all being conned, but I really doubt it.  I do believe Ripple and XRP are a "unicorn in plain sight" and that they are preparing for very big things.  The recent article that point-blank stated that SWIFT were testing "Ripple's payment systems" to settle transactions in only seconds has me thinking we're not far away from a big announcement.  If I'm wrong and XRP ends up being a bizarre scam, then I'll admit they played me like a Stradivarius - that would be a scam with a Truman Show-esque level of elaborate ploys to fool a relatively small bunch of retail investors...while having a bunch of huge corporate entities (SBI, Moneygram, AmEx et al) either scammed too, or in on the scam.  If that were the case, I'd do a Truman, wave to the director in the sky, and reach for the exit door and onto some new investment :D 

I always enjoy reading your posts, but please use paragraphs for easier reading😜😅

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2 hours ago, Julian_Williams said:

I know you cashed out at peak - I was a beginner and got burnt for a few thousand, but long term the cash has positioned me well.  We all have to learn through our mistakes

Well....it was definitely post-peak (end of January) - I sold about 3% or 4% of my stack at the peak and 96/97% at just over $1....so in hindsight I did well, but at the time I felt like I also watched massive profits come and go.  This time, I'll be taking profits more regularly....may well miss HUGE money, but so be it. 

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2 hours ago, ZzZerper said:

“These people” as you call them pay Brad’s salary and all the investment into their software.

VC put $100m into Ripple. XRP investors have ultimately invested $1.1 Billion into Ripple. They deserve some respect.

Not disrespecting anyone (as an XRP holder myself).  My point was it's easier to hold long term if you're a value investor. 

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4 hours ago, ZzZerper said:

“These people” as you call them pay Brad’s salary and all the investment into their software.

VC put $100m into Ripple. XRP investors have ultimately invested $1.1 Billion into Ripple. They deserve some respect.

You don't own stock, they owe you NOTHING.  Entitlement much?  You speculated on XRP.  Be patient while the entire global financial system is under construction and being REBUILT.  It's gonna take time.   If you don't have the time or patience, it's as simple as exiting your position. 

The supply is the supply. The number has not, and will never change.  Everyone was well aware, or should have been, before they speculated

I'm sure that's not what you want to hear but seems pretty simple to me. 

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4 hours ago, 2ndtimearound said:

Absolutely.  And I'd add - the crypto space really requires massive patience.  The big moves happen fast, the bear markets can last years.  Many people joined late into the last bull run and got burned - or they simply froze throughout it and didn't profit take, even though they had 4 to 6 weeks to make some really really decent gains.  They got a false impression that another bull run would popup soon after the last one...ask anyone who's held XRP since 2013 onwards...the bull runs are like flash floods in a desert...you get your strategy in place, and you take profits at set price points and you don't get too greedy. 

 

Hey. I resemble this remark!  ...to certain extent.

I originally heard about BTC back in 2010. I was interested but my ex demanded I stay away from it. It wasn’t till mid 2017 while skipping single and free and the start of the bull run that I took notice again. I guess you could say “froze” is a good descriptor for me. I prefer to say that I continued to accumulate on the way up and on the way down.

But the long winter provided me a great deal of time to frigidly reflect and learn. And with my newfound knowledge I feel comfortable in my assessment that “massive patience” is what I have. I believe the bull run we experienced was merely a beta test of potential. I’m still accumulating knowledge and XRP and I no longer shiver.

A key take away for me is, the next run up, when ever it does come will be bringing in a lot more. Lots of threads have been dedicated to that. Initiation of a bull run is a call to action for the masses. It’s their alarm clock and the next time that alarm goes off I’m expecting it to awaken a giant. 

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2 hours ago, 2ndtimearound said:

Well....it was definitely post-peak (end of January) - I sold about 3% or 4% of my stack at the peak and 96/97% at just over $1....so in hindsight I did well, but at the time I felt like I also watched massive profits come and go.  This time, I'll be taking profits more regularly....may well miss HUGE money, but so be it. 

Took me until 1.09 before I sold 20% of my holdings. Listened to all the people saying it was a correction all the way down from 3. Still was convinced it would stay above 1, how wrong I was but you live and learn

i do have a plan in place this time 😬

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49 minutes ago, Phintech said:

You don't own stock, they owe you NOTHING.  Entitlement much?  You speculated on XRP.  Be patient while the entire global financial system is under construction and being REBUILT.  It's gonna take time.   If you don't have the time or patience, it's as simple as exiting your position. 

The supply is the supply. The number has not, and will never change.  Everyone was well aware, or should have been, before they speculated

I'm sure that's not what you want to hear but seems pretty simple to me. 

You seem happy about that. I’m not and it doesn’t seem consistent with Ripple’s efforts to cultivate the community

@Hodor what do you think? You seem well connected.

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