Jump to content
Sign in to follow this  
Esprxp

Binance.US opens for deposits and registrations

Recommended Posts

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/binance-us-opens-deposits-registrations-131459196.html

“Starting 8AM EST, US citizens—depending on what state they’re in—can deposit Bitcoin, Ether, XRP, Bitcoin Cash, Litecoin, USDT, USD into the exchange. First, of course, they’ll have to punch in their social security number and a driver’s license or passport.”

One more element to consider for the bull run....:moil:

Share this post


Link to post
Share on other sites

The good thing with this is more competition for CoinBase in the states.  As fomo and interest peek along with regulatory clarity the only thing that will separate these exchanges will be fee's, security, and speed as each will want to utilize the lowest cost of transaction and fast to settle DA to facilitate institutional cross border activity once it kicks in.  Rest assured Binance is not here for the retail investor although they don't mind that aspect of DA trading but they are here to take advantage of the institutional dollars that will flow into this market..  The dam holding back astronomical XRP usage is about to burst!!!  My Guess is that Coinbase is already prepped to pair all cross border activity against XRP and may just be waiting on regulatory clarification to solidify the move.

Edited by RikkiTikki

Share this post


Link to post
Share on other sites
32 minutes ago, RikkiTikki said:

The good thing with this is more competition for CoinBase in the states.  As fomo and interest peek along with regulatory clarity the only thing that will separate these exchanges will be fee's, security, and speed as each will want to utilize the lowest cost of transaction and fast to settle DA to facilitate institutional cross border activity once it kicks in.  Rest assured Binance is not here for the retail investor although they don't mind that aspect of DA trading but they are here to take advantage of the institutional dollars that will flow into this market..  The dam holding back astronomical XRP usage is about to burst!!!  My Guess is that Coinbase is already prepped to pair all cross border activity against XRP and may just be waiting on regulatory clarification to solidify the move.

I agree that competition is good. A lot of exchanges like to operate with a "free for all" mentality at the expense of having poor customer services and security measures. Having large reputable exchanges operating in the same market will naturally help with this dramatically. The days where exchanges just get hacked and disappear, or run off with customers' assets will decline.

Share this post


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

The good thing with this is more competition for CoinBase in the states.  As fomo and interest peek along with regulatory clarity the only thing that will separate these exchanges will be fee's, security, and speed as each will want to utilize the lowest cost of transaction and fast to settle DA to facilitate institutional cross border activity once it kicks in.  Rest assured Binance is not here for the retail investor although they don't mind that aspect of DA trading but they are here to take advantage of the institutional dollars that will flow into this market..  The dam holding back astronomical XRP usage is about to burst!!!  My Guess is that Coinbase is already prepped to pair all cross border activity against XRP and may just be waiting on regulatory clarification to solidify the move.

What makes you think that regulations are right around the corner and that institutional dollars will be pouring into Binance?

Share this post


Link to post
Share on other sites
2 hours ago, RikkiTikki said:

 The dam holding back astronomical XRP usage is about to burst!!!  My Guess is that Coinbase is already prepped to pair all cross border activity against XRP and may just be waiting on regulatory clarification to solidify the move.

How can they be waiting on regulatory clarification but have the asset listed?  Seems to me its one way or the other.

Share this post


Link to post
Share on other sites
41 minutes ago, Babelly said:

How can they be waiting on regulatory clarification but have the asset listed?  Seems to me its one way or the other.

It is easier to ask for forgiveness than it is to ask for permission.

Share this post


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

What makes you think that regulations are right around the corner and that institutional dollars will be pouring into Binance?

Do you play chess??? If so I'm sure your familiar with watching the moves of your opponent to formulate your next move.  Obviously your not a good reader as I said institutional dollars flowing into this market that implies more than just crypto space in general not just Binance.  I shouldn't say that as it speaks more to Comprehension than actual reading. 

Share this post


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

How can they be waiting on regulatory clarification but have the asset listed?  Seems to me its one way or the other.

You really think that coinbase would have listed XRP after the Bitcoin Cash debacle without some insider view into this whole security thing??? These moves are thought out well in advance.  They either have some elaborate XRP escape plan or they know it's just a matter of time. Coinbase doesn't want anymore smoke over an asset listing 

Share this post


Link to post
Share on other sites
19 hours ago, XRPboi said:

What makes you think that regulations are right around the corner and that institutional dollars will be pouring into Binance?

Keep in mind that Volume doesn't do **** for price. What XRP needs to achieve is the Store of Value status so all available 100 Billion coins can be held by holders. When there is absolutely no supply left to use then the price will increase due to scarcity very much like Bitcoin. It's all we can hope for in the next 10 to 15 years.

Edited by Scout

Share this post


Link to post
Share on other sites
25 minutes ago, Scout said:

Keep in mind that Volume doesn't do **** for price. What XRP needs to achieve is the Store of Value status so all available 100 Billion coins can be held by holders. When there is absolutely no supply left to use then the price will increase due to scarcity very much like Bitcoin. It's all we can hope for in the next 10 to 15 years.

Did the price not move when the volume increased?  It may not have moved enough for you but it moved in correspondence with volume so you are wrong volume does do things for price.  There still is not a great deal of  volume movement with the asset but as the rails are built that will happen.  XRP is not designed to be a store value in a long-term sense, it's store of value purpose is instant liquidity so the seconds it takes to fully complete a transaction is the only store of value needed for this asset.  Bitcoins price is almost solely speculation at this point not scarcity.  So I have to kindly disagree as volume picks up price will move.

Share this post


Link to post
Share on other sites

Actually just today the volume was increasing and the price was going down. Look at XLM for instance lower volume and 30% gains. If volume has any impact its insignificant to price. This might be more obvious when we fall back to .25 cents and the volume will still remain higher than it was during the last .25 cent stint. Don't get me wrong I was really hoping to see a price increase going from volume of 878,264,190 to 2,548,478,917. Not this time I guess.

To substantiate my claim, my source: https://cryptoslate.com/former-ripple-employee-speaks-out-xrp-price-doesnt-reflect-xrapid-use/ “Even if every bank used xRapid the price of XRP wouldn’t necessarily increase. The thing that drives the price of XRP is people’s perception of adoption, which would probably increase the price,” the source said.

I believe this statement to be true from what I have experienced.

Edited by Scout

Share this post


Link to post
Share on other sites
On September 19, 2019 at 9:51 AM, RikkiTikki said:

Did the price not move when the volume increased?  It may not have moved enough for you but it moved in correspondence with volume so you are wrong volume does do things for price.  There still is not a great deal of  volume movement with the asset but as the rails are built that will happen.  XRP is not designed to be a store value in a long-term sense, it's store of value purpose is instant liquidity so the seconds it takes to fully complete a transaction is the only store of value needed for this asset.  Bitcoins price is almost solely speculation at this point not scarcity.  So I have to kindly disagree as volume picks up price will move.

For the record, here is what the volume is right now: 2,316,833,566 & the price is 0.236656 cents. Lowest price I've seen in the last 2 years. Ultimately price appears to be heavily corilated to the success of BTC. Interesting how that works.

I've noticed that any Crypto token that identifies as a currency like Bitcoin follows the same price movement as BTC (Tron, XLM, XRP etc) regardless of how successful they are. 

There must be some distinction between token classifications that influenced the price differently. Which is why tokens we call $hitcoins, that do not opperate as a currency appear to do well when BTC tanks. Like fun coin.

In closing someone had to weight the price of these assets against each other in relation to their utility type. These prices aren't just fabricated or unknowns, they are calculated based on a software routine created by a human not a God. 

The programmers  know exactly what messes with the price. I bet they feel pretty special not disclosing their formula. They just remain silent, keeping everyone on the seat of their pants while sitting back and enjoying the ride they digitally fabricated out of nothing.

It is now time for BTC to take a back seat and let XRP drive the market.

Edited by Scout

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...