63% of Ripple XRP Community has gone for good

[enrique11]

Crypto cycles...no big deal...we're in a bear market plus pandemic, and we know BTC has a four year cycle.  I don't know if this pandemic will make things worse or better long term - I'm thinking worse because crypto is not generally accepted as a payment method, particularly in countries like the US with a sh*tload of tax hurdles to use a pure crypto as a currency as it was intended, but the crypto rebound could be quite strong if a successful vaccine is created early enough before the next bull run.   Still, the US gov said they were going to put out new crypto regulations soon, on top of all what's going on?!  Many other governments are following the lead of the US in terms of crypto regulations..  Haven't these $&#*#$@ regulated the sh*t out of cryptos already, causing extensive losses to just about everyone involved in this fledgling industry?  I have never seen so much reckless financial destruction of an industry based on groundbreaking technology that comes along seldomly.  LOL, the regulations are there to protect the people after the government has destroyed so many crypto markets and the accompanying liquidity of those crypto markets in the US and abroad. How many more regulations before they basically bury this industry 6 feet under, taking it many years to recover if at all??

[Caracappa]

6 hours ago, xerxesramesepolybius said:

The original article was about Telegram but there is research from Twitter from Etoro

https://www.etoro.com/en-us/crypto/quarterly-report/

I think it is safe to say XRPArmy is dying.

 

You don't need a report to know it is. And besides, it is great news for current investors.

Again, what is your agenda with this topic? You focus fully on the FUD, disguised as news while it describes a normal cycle in investing. XRP went up the most in 2017  by far, attracting the most Twitter idiots by far. It's about time most of them disappear because they thought investing 'long-term' was a couple of months.

XRP lost most of its army (partially bots) on Twitter with 82%, it has also grown the most in 2017. The report also says every asset lost it's armies and XRP with 55% of investors is held more than BTC with 35% on Etoro.

But I supposes that does not fit the narrative you try to play.

[xerxesramesepolybius]

33 minutes ago, Caracappa said:

The report also says every asset lost it's armies and XRP with 55% of investors is held more than BTC with 35% on Etoro.

Indeed but this is an XRP forum

 

33 minutes ago, Caracappa said:

it is great news for current investors.

No, I just don’t get it an all your previous comments on this topic. What else do you think would be goos news?

XRP declared a security

Ripple management indicted for fraud

cryptocurrencies banned

price goes to 1 cent

?

As opposed to what I would genuinely consider good news for XRP investors like

increases in ODL volumes

More corridors

ODL adopted without Ripple paying people or even 

the price significantly goes up

 

[Caracappa]

35 minutes ago, xerxesramesepolybius said:

Indeed but this is an XRP forum

 

No, I just don’t get it an all your previous comments on this topic. What else do you think would be goos news?

XRP declared a security

Ripple management indicted for fraud

cryptocurrencies banned

price goes to 1 cent

?

As opposed to what I would genuinely consider good news for XRP investors like

increases in ODL volumes

More corridors

ODL adopted without Ripple paying people or even 

the price significantly goes up

 

Ok, now I get it.

You are waiting for a fundamental change that will skyrocket the price. Imo however that is years away, they are building the network and ODL slowly piece by piece. I do firmly believe they are positioned for great returns because of utility in the future, just not yet.

What I do however believe is that the market is getting ready for another bullrun, that has nothing to do with whether XRP and Ripple are doing great. Just plain old manipulation as BTC has been through 6 times allready as that never made any fundamental progress but lured in investors cycle after cycle.

For that run to happen the investors from 2017 have to be pushed out as much as possible over the years, referred to as 'the weak hands'. Only when interest in the assets is as low as it can be the price can start building again from that point. And when regular media outlets start reporting on the gains in crypto it will create FOMO. Both new investors as people who once bought in 2017 'want to do it right this time' and re open their dorment exchange accounts.

Investors always tend to forget the dreadful past in matter of days when prices go up. Look at the run to $ 0,34 cents in february having people posting rockets. So luring them back into the markets when they read about prices going up is taking candy from a baby.

Problem for them is those investors are always late to the party and usually the ones losing the money. The best chance of profits is to be invested in an asset before the bullrun starts. 95% (or 90 or whatever) unfortunately start investing once they read something went up a gazillion percent allready… making them chase the wave instead of riding it.

So yes, I think the XRP army dying out (same as this forum) is a good indicator for where we are in the market cycle.

You are waiting for fundamentals just like me, but I'm also waiting for 1 or 2 manipulated runs in between.

Edited April 20, 2020 by Caracappa

[Julian_Williams]

3 hours ago, Caracappa said:

Ok, now I get it.

You are waiting for a fundamental change that will skyrocket the price. Imo however that is years away, they are building the network and ODL slowly piece by piece. I do firmly believe they are positioned for great returns because of utility in the future, just not yet.

What I do however believe is that the market is getting ready for another bullrun, that has nothing to do with whether XRP and Ripple are doing great. Just plain old manipulation as BTC has been through 6 times allready as that never made any fundamental progress but lured in investors cycle after cycle.

For that run to happen the investors from 2017 have to be pushed out as much as possible over the years, referred to as 'the weak hands'. Only when interest in the assets is as low as it can be the price can start building again from that point. And when regular media outlets start reporting on the gains in crypto it will create FOMO. Both new investors as people who once bought in 2017 'want to do it right this time' and re open their dorment exchange accounts.

Investors always tend to forget the dreadful past in matter of days when prices go up. Look at the run to $ 0,34 cents in february having people posting rockets. So luring them back into the markets when they read about prices going up is taking candy from a baby.

Problem for them is those investors are always late to the party and usually the ones losing the money. The best chance of profits is to be invested in an asset before the bullrun starts. 95% (or 90 or whatever) unfortunately start investing once they read something went up a gazillion percent allready… making them chase the wave instead of riding it.

So yes, I think the XRP army dying out (same as this forum) is a good indicator for where we are in the market cycle.

You are waiting for fundamentals just like me, but I'm also waiting for 1 or 2 manipulated runs in between.

Combine what you have just written (I agree) with this information from Etoro about what their customers are buying:

The combination of these two factors make me very optimistic that when XRP goes it will be backed by large numbers of private investors interested in XRP but not not so interested in the legacy crypto market.

The manipulative behaviour and anarchic anti establishment values of the legacy crypto market have been a turn off that switched off many investors.  XRP is poised to benefit from the re-entry of ordinary investors.