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Ripple- Stop the dumping

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On 8/16/2019 at 12:45 AM, wogojump said:

XRP holders above that were able to obtain XRP at no cost or low cost, have been able to make a ridiculous amount of profit in the last few years.  But what about the XRP investors in the last few years?

 

 

 

Sure let's focus on the 2019 alone because focusing on small period of time just makes perfect sense. Or maybe let's check the status of all crypto market and look at the current price vs. their ATH. Hmmmmmmm, I see something funny here https://www.cryptocompare.com/ . There's a trend that I choose to ignore because my XRP is not where it needs to be. Bloody Ripple's XRP, worst coin ever especially in 2017 when it when up just so much (but still little to me)! BNB is the best coin ever, real use cases, comes from the exchange that is never been hacked and even Ripple folks go to work for it.

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On 8/16/2019 at 12:45 AM, wogojump said:

What about next steps, are we on the right track? Ripple has stated they are going to reduce the sell off of their XRP. That should help, but majority of investors do not have confidence this is enough. Investing in XRP and Ripple's sell off has become a running joke, that isn't funny.

 

 

1) I thought that there's a difference between a "giveaway" and "BUIDLing the IoV". Guess not, if I read your comment.

To put things into perspective. Xpring kicked-off just over 1 year ago, XRapid kicked-off just under 1 year ago. Current XRP price doesn't matter. Things will change for better. It will happen faster than you think.

Please read these 2 articles and I do mean read it instead of just superficially glance at the headlines. It says what's been done ($500M so far over 20+ companies and what the goal is + info on how the 1B XRP deal with Coil will be implemented gradually)

https://medium.com/xpring/partnering-with-coil-1154a156cb07

https://medium.com/xpring/building-the-internet-of-value-one-year-later-b969f37dcb88

TL;DR

Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models.

Growing rapidly to continue to partner with and invest in great teams in the cryptocurrency and blockchain space. Xpring will continue to focus on three key areas:

  • XRP Ledger — Providing tools to developers that are building on the core ledger, including exchanges, wallets, custody providers and payment processors.
  • Interoperability — We believe a tech stack for crypto that is broadly interoperable across chains and layers will deliver the best experience for both developers and end users. We support the Interledger Protocol as a standard for transacting across systems, and are interested in other infrastructures that allow for cross-chain interaction.
  • Decentralized Finance — Investing in new decentralized financial projects with crypto as their primary building block including debt, derivatives, stablecoins and other synthetic assets.

Simply put, we want to work with developers and entrepreneurs who are building towards a shared vision to reshape the world’s financial systems and enable the Internet of Value.

We started with a team of two... We’re aggressively growing a full stack team including engineering, product, marketing and developer relations to back projects that solve customer problems in a transformative way. Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models.

2) Speak for yourself, I'm none of those "XRP HODLers". Be careful not to confuse fiction from some random guy on the net. The "crytpo news" websites that qutoe random people from twitter-sphere should be ignored. But hey if you believe that then believe for sure that five ate nine.

3) So what and in the end team XRP wins because based on SEC's rules it cannot be a security. Also, the world is so much bigger than US. Just saying.

 

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15 hours ago, King34Maine said:

I told myself that I wasn't going to reply to this BS. I made every attempt to overlook and move on, but here goes.

First, if you have a concern with how Ripple is selling, distributing, or utilizing their ownership of XRP please, by all means, take it up with them here.  Stop inundating others with you misplaced "whoa is me" rant.

Second, dude, grow the **** up and accept responsibility for YOUR investment decisions. YOU chose to purchase XRP. No one from Ripple or the general public forced YOU to do so. Like most, I'm going to assume that you performed some level of due-diligence into the business proposition, vision, and plan Ripple had for XRP and the XRP-Ledger. Just because YOUR expected Return-on-Investment (ROI) strategy and timeline didn't pan out the way you wanted it to is not the fault of Ripple.

Third, crypto and blockchain is an extremely nascent marketplace and technology that will have many ebbs and flows, ups and downs, growth and stagnation as it matures. Sure, many try to make comparisons to traditional markets (i.e. stocks) but, at the end of the day, there is no playbook to follow to glean any sort of rhyme or reason for how the crypto marketplace behaves.

Fourth, let's get to the real problem here. YOU, like so many people, invested more than YOU should have....Period!! YOU failed yourself by betting money you couldn't afford to bet for an extended period of time. I know this to be true for the simple fact that you posted this very response. Anyone who only invested what they could afford to loose wouldn't be giving the recent price downtrend a second thought. That's not to say that they're happy about the recent down turn, after all, they want the price of XRP to appreciate just like you. Even top executives from Ripple know that in order for Ripple's vision to come to fruition the price of XRP needs to appreciate because it helps their overall strategy and plan.  Listen, nobody likes to loose money. I know I don't even if it's my play money. However, if you can't afford to loose every dime you put into crypto, then you are way out of your league.

Fifth, Ripple doesn't owe YOU jack ****!!! They are not in the business of making you rich. Their loyalty is to their investors, partners, and customers. You know, those private equity holders of the Series A/B stock. While they try to keep the XRP-Community up-to-date with what is going on with the company via the Ripple Insights articles, the Ripple Drop, xPring Medium posts, and community engagement from senior leadership (i.e. Brad, David, Asheesh, Ethan, etc.), they're not obligated. Now, that may sound harsh to you, but that's how the cookie crumbles my friend. Because XRP is an agnostic utility token used as a bridge-asset for cross-border/domestic payments, owning XRP gives you no rights or ownership in the private company Ripple. Yes, you and I may have purchased XRP via exchanges in hopes that the value will appreciate as more and more banks and FIs begin to utilize xRapid for liquidity, however, this is pure speculation and betting on our part as holders of XRP. As XRP holders, we are just along for the ride.

Finally, it's time for YOU to put on your big boy pants/big girl skirt and accept responsibility for YOUR decisions. If you can't handle the ebb and flow of the market, and all evidence point to the fact that you can't, then it's time for you to exit quietly.

 

 

I am not seeing how this argument addresses the topic of the post.  It appears that your main point is based off emotions that this is my fault as a individual. If this is true, this is false.  The concerns and problems noted would still exist in the community if I never joined or sold XRP at a sooner point in time.  The concerns and problems noted would still exist regardless of my participation in the XRP community.  My arguing point is mass selling off XRP at this time, will have long term impacts to groups beyond just me; including investors, partners, and customers.

Or is your argument actually that mass selling off XRP has no negative consequences on the external groups (investors, partners, customers, institutions, media, government, etc.)? There are debatable points, with evidence on both sides:

  • Is Ripple actually mass selling off XRP in the last few years? Like with Ripple's institutional direct sales, programmatic sales, donations, and funding.
  • Current and long term impacts of mass sell off for external groups. Including impacts to XRP price and long term trust and buy-in. Are you debating there really is no correlation with mass selling and these impacted areas? Or are you debating XRP price tanking and loss of stakeholder trust will have no impact on the long term success?

The intent of this post is to bring discussion and visibility to Ripple on this concern in the community.  It would not be constructive for Ripple to address these concerns with the community, by deploying emotional blame tactics.  They would get hammered with negative feedback from all the groups they need to get cooperation from in order to be successful.

Edited by wogojump

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22 hours ago, Bystander said:

I hold some XRP and have been wading through the various online forums that are focused on Ripple and XRP over the past few days. Needless to say, the current price chart looks dismal and I am feeling that I am approaching decision time on whether it makes sense to remain invested in XRP or cut my losses and call it a day for now. Overall, I am inclined to believe that the former is probably the better choice, for the following reasons:

 1) Ripple has spent many years trying to get things up and running in earnest (according to Wikipedia XRP was created in 2012). They are associated with various big names in the financial industry and have made numerous promising announcements, but the real breakthrough has not yet happened, it seems, which is even admitted by Ripple and XRP enthusiasts. The "story" is getting a bit old, but the good times (stock markets, economy) are almost over. If seven years during one of the longest bull markets in the post-war history could not get Ripple's revolutionary concept up and running, (and no, "partnerships", tests and a few isolated examples do not count IMHO) I don't know what can.

2) Ripple and its top executives, particularly its CEO own a disproportionally large amount of XRP. There are regularly scheduled sales of XRP from the company's holdings which has a negative impact on the price. Demand on the other hand seems to be lacklustre at the moment.

3) XRP has been the worst performing of the top 10 cryptos in recent months. The fact that the price of BTC recovered has failed to pull the price of XRP upward.

4) There are solid investment alternatives which appear to be a safer bet while potentially also quite profitable, and above all, which have much greater name recognition: Precious metals and Bitcoin. The likelihood that Ripple and XRP brands will become more widely known than these assets in the next couple of years is very low, IMHO.

5) Ripple is currently hiring dozens of new employees and seems to have plenty of money to spend. While this seems to inspire confidence, what I don't like is that they are continuing to get rid of their XRP, be it through regularly scheduled sales or XRP donations to some fancy start-up network with great prospects sometime in a nebulous future. Ripple needs regulators around the world to show a benign stance, and from what I dimly understand, progress on that front may slower than expected. It requires banks and financial institutions to buy and effectively use XRP,  Xcurerent, or Xrapid and/or what other products they may have in order for XRP adoption and use to increase. While some progress has been made in the past, solid data on hard metrics seem to be notoriously difficult to get by (and no, 200 vague "partnerships" with various banks and other companies does not count as such, IMHO). It does not feel as though SWIFT is in danger of being dethroned by Ripple/XRP anytime soon, and to be frank, I am not at all confident the long awaited breakthrough will happen during a severe recession, which I expect is almost certain to occur.

6) Many observers of the crypto space are hoping that we may see a repeat of what happened in late 2017, when many altcoins "achieved" even more spectacular gains than Bitcoin. As a matter of fact, Bitcoin is roughly 50 percent below its all-time high, whereas most of those altcoins price charts, especially the smaller ones, continue to resemble that of penny stocks, with one huge peak in the past and a long, drawn-out decline that stretches into the present. Ripple has been around for a longer time than most altcoins and is one of the top three cryptos in terms of market cap. However, this does not protect the venture from failure. If anything, recent developments in the crypto market seem to underscore the message that if there is any safe haven in this space, it is probably Bitcoin IMHO.

7) If the price of Ripple were to increase 10, 20 or 30 fold, there should in theory be time to jump back onboard again, especially for those who keep a close eye on the market as a whole. Spectacular though past price hikes were, each of them occurred over a period of several weeks. From my perspective (no job, regular income about to end rather soon), it makes sense to play it safe and consider reentering at a later stage if price action warrants such a move.

I am not a specialist in investment, finance or IT. Nevertheless, I think it is possible for critical laypeople to draw some solid conclusions with the help of the information that is available online. Overall, there are too many red flags for me to remain positive, and the cold, hard reality is that the price chart seems to support such concerns. I believe that the best XRP holders can hope for is that Bitcoin's rising tide will eventually spark another altcoin boom which will lift their ship, too. This should hopefully give many of them a chance to break even and jump ship before a reality check is finally due for this project. Hence, for me it is either hold and hope for the best - with the realistic/cynical expectation that this will likely go nowhere in the mid- to longer term - or sell.

  (1: Sorry for any typos. 2: English is not my mother tongue.)

Thank you!  These are inline with my thoughts as well.  Too many red flags.

I moved most of my XRP into BTC as it started to crash in 2018 and that proved to be a good decision.

I still own a decent amount of XRP but will probably trade it for BTC if and when there is another pump.  I'm also prepared for XRP to continue to go to down if that indeed happens.

The following you mentioned, for me, is the biggest red flag.  

2) Ripple and its top executives, particularly its CEO own a disproportionally large amount of XRP (and founders). There are regularly scheduled sales of XRP from the company's holdings which has a negative impact on the price. Demand on the other hand seems to be lacklustre at the moment.

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14 hours ago, crypto_deus said:

Let's take a look at this https://blog.bitmex.com/the-ripple-story/ and the final agreement with Jed. By the way did you know that the smallest, indivisible unit of XRP (=drop) had an alternative term (= "jed", after Jed McCaleb) at first, see https://forum.ripple.com/viewtopic.php?f=1&t=40&p=228)

http://archive.is/ZmXph

The following are the key points of the new agreement (February 2016):

Ripple will release any claim it has on the funds currently deposited with the federal District Court for the Northern District of California and Stellar will take possession of these funds.

Jed will donate 2 billion XRP to a charitable donor-advised fund ("DAF") of his choice. The same limits are placed on the ability of the charity to sell the XRP as are placed on the Jed's ability to sell his remaining XRP.

All of Jed and his children's remaining XRP, approximately 5.3 billion XRP, will be placed in a custody account at Ripple. While Jed retains full title and ownership of his remaining XRP, Ripple will control the release of his XRP in a manner consistent with the settlement agreement. Specifically, Jed will be allowed to sell his remaining XRP in the following manner:

- for the first year of the agreement Jed and the DAF will be able to collectively sell 0.5 percent of the Average Daily Volume of XRP for each day of the week, including weekends and holidays.*

- for the second and third years of this agreement, Jed and the DAF will be able to collectively sell for each day of the week 0.75 percent of the Average Daily Volume.

- for the fourth year of the agreement, Jed and the DAF will be able to collectively sell for each day of the week 1.0 percent of the Average Daily Volume.
for any time after the fourth year of the agreement, for each day of the week Jed and the DAF will be able to sell 1.5 percent of the Average Daily Volume.


We at Ripple are pleased with the outcome of this agreement. It provides predictability and clarity about distribution of the largest individual holding of XRP in a way that fosters good health and growth in the Ripple ecosystem.

*Under the settlement agreement, Average Daily Trading Volume is calculated by dividing the Weekly XRP Trade Volume for the week that commenced two weeks prior to the week at issue by seven (7). !!!!!!!!!!!!! Weekly XRP Trade Volume is defined as the total amount of XRP traded on the Ripple consensus ledger during a given week between Sunday midnight Pacific Time through the following Sunday midnight Pacific Time. Significantly, this definition excludes XRP traded on third party exchanges, unless in Ripple's reasonable judgment, the XRP market has changed so that the majority of legitimate XRP transactions have occurred off the Ripple consensus ledger during the prior 365 days.!!!!!!!!!!!!!!

 

Now the key here is "XRP traded on the Ripple consensus ledger".Off we go to https://xrpcharts.ripple.com/#/xrp-markets look for XRP Ledger, and select in the top left corner XRP or USD and select 7 days. It says 6 M XRP, so let's say that the daily volume is then 1M XRP (6/7 + me ceiling it). 1% of 1 M XRP = 10000 XRP. which is about 2.6 k $. Yes, Jed is killing us!!! Stop Jed stop!!!!!!!!!!!!!!!! Jed you Drop!

 

Regarding your second bullet, it's called BUIDLing the internet of Value and growing the XRP ecosystem. But hey, I must be wrong.

 

 

 

I agree it is important to build the internet of value and growing the XRP ecosystem,  which will require selling and dispersing XRP.  I would argue the benefits of mass selling off XRP in the next few years, will be trumped by the consequences of the backlash if XRP prices tank. We could have a side discussion on the true impacts if XRP prices drop to less than a few pennies. Just imagine lack of future money coming in from retail investor, Institutional trust, lawsuits (regardless of validity), media, and governments willing to pass regulations in Ripple's favor. These negative impacts will have a far greater impact than if a more conservative sell off approach is taken.

The concerns with mass selling is from more than just one person/area like Jed, the concerns are based on commutative effect with all areas mass selling.  As a whole, a few example groups:

  • Programmatic sales.
  • Institutional direct sales.
  • Charitable donation sales.
  • Funding donation sales.
  • Jed's sales.
  • Potentially other areas and risks for groups/individuals able to mass sell.

The problem arises, when sales in these areas hit the open market.  Based on our information, we don't always know when sales start/end for each of these areas, but it is safe to assume they have started and will continue. Once initiated, they could continue for many years. Based on laws of supply and demand, we can see the impacts to XRP prices over the last few years. Sales have been greater than buying pressure (historically retail investors have been the only significant buying pressure).


When looking at evidence like the 2 year bear market, XRP being the worst top 10 performer in 2019 (I agree this is just small sample needing to be taken with a grain of salt), and lack of new retail investors; this downward pressure needs to be corrected. Corrections based on our limited data, would need to taken sooner than later.  The reasoning many of the mass sale sell off areas once started, will continue for the next 5+ years.  So if selling pressure is too high, this will continue to push prices down for years to come.  The primary buy in investors (currently just retail investors), will further reduce their investments in the future.  If corrections are taken after XRP has hit a few pennies, majority of the damage has already been done.  Making corrections at this time would take many years and/or lot of luck with new buying pressures in order to reverse.

 

 

Edited by wogojump

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Intrest on savings are zero at this moment (at least where I live). Lack of intrest is a huge problem for both private investors and institutional investors. In my country the pension funds are having a hard time to keep their funds steady and healthy according to the nations laws. What if Ripple started providing intrest to every wallet. Maybe 2% intrest per year? This can be funded out of escrow. The escrow is about 50 billion a this moment? If every wallet would get 2% per year it would cost them less then 1 billion XRP per year. If they did that for 5 years or so it would be very cheap for Ripple, and maybe they would have more happy XRP hodlers and even attract institutions.

 

....but what do I know....It's not my expertise bud I'd like the idea of a even little profit ;-)

 

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16 hours ago, crypto_deus said:

1) I thought that there's a difference between a "giveaway" and "BUIDLing the IoV". Guess not, if I read your comment.

To put things into perspective. Xpring kicked-off just over 1 year ago, XRapid kicked-off just under 1 year ago. Current XRP price doesn't matter. Things will change for better. It will happen faster than you think.

Please read these 2 articles and I do mean read it instead of just superficially glance at the headlines. It says what's been done ($500M so far over 20+ companies and what the goal is + info on how the 1B XRP deal with Coil will be implemented gradually)

https://medium.com/xpring/partnering-with-coil-1154a156cb07

https://medium.com/xpring/building-the-internet-of-value-one-year-later-b969f37dcb88

TL;DR

Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models.

Growing rapidly to continue to partner with and invest in great teams in the cryptocurrency and blockchain space. Xpring will continue to focus on three key areas:

  • XRP Ledger — Providing tools to developers that are building on the core ledger, including exchanges, wallets, custody providers and payment processors.
  • Interoperability — We believe a tech stack for crypto that is broadly interoperable across chains and layers will deliver the best experience for both developers and end users. We support the Interledger Protocol as a standard for transacting across systems, and are interested in other infrastructures that allow for cross-chain interaction.
  • Decentralized Finance — Investing in new decentralized financial projects with crypto as their primary building block including debt, derivatives, stablecoins and other synthetic assets.

Simply put, we want to work with developers and entrepreneurs who are building towards a shared vision to reshape the world’s financial systems and enable the Internet of Value.

We started with a team of two... We’re aggressively growing a full stack team including engineering, product, marketing and developer relations to back projects that solve customer problems in a transformative way. Xpring has made a major commitment in realizing blockchain’s potential to transform industries through new business models.

2) Speak for yourself, I'm none of those "XRP HODLers". Be careful not to confuse fiction from some random guy on the net. The "crytpo news" websites that qutoe random people from twitter-sphere should be ignored. But hey if you believe that then believe for sure that five ate nine.

3) So what and in the end team XRP wins because based on SEC's rules it cannot be a security. Also, the world is so much bigger than US. Just saying.

 

In regards to 1 and 2:

 

1. This is a great point.  If initiatives like Xrapid and Xpring end up in best case scenarios being as successful as speculated. Then many of my points will end up being mute in the long term.  I would still have concerns based on most likely case scenarios.  If Xrapid ends up being successfully, I would expect it will take at least 1 more year for the market to see the results.  I would expect Xpring initiatives to take at least 2 years to start to see results on the projects.  This includes development time to create the software and customer onboarding to the new systems. 

linking this back to concerns on XRP dumping:

Is it really in the best interest for Ripple to grant 1 billion XRP grant (worth roughly $265 million at today’s price), when considering the bear market and open investor concerns?  If this ends up being successful as we hope, then yes.  Funding ~$265 million upfront on start up companies with out having any established proof of concepts, is an abnormaly high amount and overly risky approach. XRP retail investors are taking the most risks, while Ripple is exposing itself to significant backlash if these initiatives do not achieve best case scenarios. I would debate a better approach would be to grant enough XRP for funding the first year or two. Then Ripple do another phase gate review after a period of time to confirm if additional funding is in the best interest for the XRP community.

I do agree investing in the above for proof of concepts and experiment deploying the solutions to the market, when done in a more conservative approach.  There are still other XRP dumping concerns beyond this example that I believe should be addressed.

 

2. I am not sure of the specific generalization on "XRP holders" that you are referring to, so I may have over generalized something.  My intent is to speak for the majority of the stakeholders, which there will always be outliers.  

Investors in general (beyond just XRP holders), have a lot of skepticism towards Ripple and XRP.  I would argue majority of non XRP holders share these beliefs. Majority of the candidates for potentially holding XRP in the future, will not not want to hold XRP if the price tanks.

Investors that are current or past XRP holders- We would need Ripple or another group to coordinate a survey for us to have a more accurate representation.  At this time we can only make educated assumptions based off the information we have at hand.  There are a good amount of XRP holders like yourself on this board that have full buy-in and trust.  But, this is a very small representation of all the XRP stakeholders, so we need to look at feedback being generated from other areas (forums, institutions, media, public events, XRP selling vs. buying market trends, etc.). The concerns from XRP stakeholders in these groups have been rising and will only continue to rise if the price of XRP tanks.

Edited by wogojump

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12 hours ago, elppir said:

Intrest on savings are zero at this moment (at least where I live). Lack of intrest is a huge problem for both private investors and institutional investors. In my country the pension funds are having a hard time to keep their funds steady and healthy according to the nations laws. What if Ripple started providing intrest to every wallet. Maybe 2% intrest per year? This can be funded out of escrow. The escrow is about 50 billion a this moment? If every wallet would get 2% per year it would cost them less then 1 billion XRP per year. If they did that for 5 years or so it would be very cheap for Ripple, and maybe they would have more happy XRP hodlers and even attract institutions.

 

....but what do I know....It's not my expertise bud I'd like the idea of a even little profit ;-)

 

This is a great example of the type of solutions, I am hoping Ripple is vetting out.  These type of strategies could help trigger XRP holder interest and increase future investor buy-in.  These type of strategies could even be targeted for a one time ad-hoc or pilot initiative. From my understanding you are referencing to the interest to be in the form of fiat. Examples like interest in form of direct XRP can also be considered (probably more feasible short term, but not having as significant impact on stakeholders). 

 

After Ripple vets out details like the following, there could be great opportunities to pursue:

1. Business model- Can Ripple improve their profits by doing this?  This could help spark and keep XRP prices at desired target level, which will be beneficial for future sales (programmatic, institutional, charities, funding, etc.).

This same type of stategy could be considered for future organizations making profit from XRP.  For example will there be opportunities in the future for companies utilizing Xrapid, Xpring, etc., to offer incentives for consumers to use XRP (rather than alternatives).

2. Legal and compliance regulations- Ripple will need to confirm what they can and can't do for these strategies.  There are governmental, financial, market manipulation and other regulations that will ultimately filter out a lot of specific strategies.

3. Technically can they accomplish this?

Edited by wogojump

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I was thinking in the direction of intrest in direct XRP. If you have 100 XRP in your wallet for 12 months you get 2 XRP. There must be lot's of smart guys who can check the balance of a wallet...

Cheers!

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On 8/16/2019 at 4:52 PM, Bystander said:

I hold some XRP and have been wading through the various online forums that are focused on Ripple and XRP over the past few days. Needless to say, the current price chart looks dismal and I am feeling that I am approaching decision time on whether it makes sense to remain invested in XRP or cut my losses and call it a day for now. Overall, I am inclined to believe that the former is probably the better choice, for the following reasons:

1) Ripple has spent many years trying to get things up and running in earnest (according to Wikipedia XRP was created in 2012). They are associated with various big names in the financial industry and have made numerous promising announcements, but the real breakthrough has not yet happened, it seems, which is even admitted by Ripple and XRP enthusiasts. The "story" is getting a bit old, but the good times (stock markets, economy) are almost over. If seven years during one of the longest bull markets in the post-war history could not get Ripple's revolutionary concept up and running, (and no, "partnerships", tests and a few isolated examples do not count IMHO) I don't know what can.

2) Ripple and its top executives, particularly its CEO own a disproportionally large amount of XRP. There are regularly scheduled sales of XRP from the company's holdings which has a negative impact on the price. Demand on the other hand seems to be lacklustre at the moment.

3) XRP has been the worst performing of the top 10 cryptos in recent months. The fact that the price of BTC recovered has failed to pull the price of XRP upward.

4) There are solid investment alternatives which appear to be a safer bet while potentially also quite profitable, and above all, which have much greater name recognition: Precious metals and Bitcoin. The likelihood that Ripple and XRP brands will become more widely known than these assets in the next couple of years is very low, IMHO.

5) Ripple is currently hiring dozens of new employees and seems to have plenty of money to spend. While this seems to inspire confidence, what I don't like is that they are continuing to get rid of their XRP, be it through regularly scheduled sales or XRP donations to some fancy start-up network with great prospects sometime in a nebulous future. Ripple needs regulators around the world to show a benign stance, and from what I dimly understand, progress on that front may slower than expected. It requires banks and financial institutions to buy and effectively use XRP,  Xcurerent, or Xrapid and/or what other products they may have in order for XRP adoption and use to increase. While some progress has been made in the past, solid data on hard metrics seem to be notoriously difficult to get by (and no, 200 vague "partnerships" with various banks and other companies does not count as such, IMHO). It does not feel as though SWIFT is in danger of being dethroned by Ripple/XRP anytime soon, and to be frank, I am not at all confident the long awaited breakthrough will happen during a severe recession, which I expect is almost certain to occur.

6) Many observers of the crypto space are hoping that we may see a repeat of what happened in late 2017, when many altcoins "achieved" even more spectacular gains than Bitcoin. As a matter of fact, Bitcoin is roughly 50 percent below its all-time high, whereas most of those altcoins price charts, especially the smaller ones, continue to resemble that of penny stocks, with one huge peak in the past and a long, drawn-out decline that stretches into the present. Ripple has been around for a longer time than most altcoins and is one of the top three cryptos in terms of market cap. However, this does not protect the venture from failure. If anything, recent developments in the crypto market seem to underscore the message that if there is any safe haven in this space, it is probably Bitcoin IMHO.

7) If the price of Ripple were to increase 10, 20 or 30 fold, there should in theory be time to jump back onboard again, especially for those who keep a close eye on the market as a whole. Spectacular though past price hikes were, each of them occurred over a period of several weeks. From my perspective (no job, regular income about to end rather soon), it makes sense to play it safe and consider reentering at a later stage if price action warrants such a move.

I am not a specialist in investment, finance or IT. Nevertheless, I think it is possible for critical laypeople to draw some solid conclusions with the help of the information that is available online. Overall, there are too many red flags for me to remain positive, and the cold, hard reality is that the price chart seems to support such concerns. I believe that the best XRP holders can hope for is that Bitcoin's rising tide will eventually spark another altcoin boom which will lift their ship, too. This should hopefully give many of them a chance to break even and jump ship before a reality check is finally due for this project. Hence, for me it is either hold and hope for the best - with the realistic/cynical expectation that this will likely go nowhere in the mid- to longer term - or sell.

 (1: Sorry for any typos. 2: English is not my mother tongue.)

Good summary, thanks! These are indeed red flags. XRP had lost the momentum and first mover advantage it seemed to have back in 2017 and I start to think it is not coming back. 

Edited by AlvaroXRP

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Jailed?? If that's the case then all crypto projects are on the line. Ripple seems to be one of the only one's that is trying to follow regulations.

Hodl XRP for the long run. Appears to be the prophecy of one world monetary system.

 

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