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Showing 7 of 7 results by California842
Actually a useful and intelligent post. Thank you!
There was a sell wall just few minutes ago approx. 06.40 Poloniex time. Someone had sell wall order for over 300 BTC. Then wale decides to eat shark and boom. I think we are back to business ladies. All other pumps are going down and ripple is the only one now which is on right buy levels. I'm back in with this wale as well in XRP. http://imgur.com/a/EvGPb
Extremely interesting stuff and very much appreciated. The Ripple connection is kind of incredible. I have heard of this before but it's really something to see it in old emails.
This must be a joke:
Ripple?
Quote
So many questions 
But it's rare that I encounter truly
revolutionary ideas. The last time I was this excited about a new
monetary scheme was when I discovered Ripple. If you have any thoughts
on Ripple, I'd also love to hear them.
But it's rare that I encounter trulyrevolutionary ideas. The last time I was this excited about a new
monetary scheme was when I discovered Ripple. If you have any thoughts
on Ripple, I'd also love to hear them.
Ripple?
funny how mike hearn and satoshi are time travellers talking about XRP in 2009 when it wasnt even a thing until 2012
I actually did some research and Ripple started in 2004. The first iteration was RipplePay in 2005. https://en.wikipedia.org/wiki/Ripple_(payment_protocol)#Early_development_.282004.E2.80.9312.29
I wonder where is the sane discussion of XRP? Is it Reddit XRP or XRPchat or what?
There is definitely some thoughtful reasoning here at Bitcointalk but damn this place is a bit like a 5th grade schoolyard sometimes.
Here's an interesting "What if?" :
What if a bank or consortium of banks just decided one day to buy every single XRP token they could get their hands on?
Maybe they could end up with at least 50% of the supply between public trading and private purchases directly from Ripple. Maybe they could eventually own 90+% of all XRP ever to be in existence. Then, no matter what they paid for all those coins - Maybe 50 Billion? Maybe 100 Billion? - they would control the entire market and the price of whatever publicly traded XRP is left. Such a bank or bank consortium could only profit in such a scenario if they all also used XRP for all of their transfers and whatever new scams they dream up.
It really wouldn't matter what they paid for it. It's only money and they really do have all of it already anyway.
In this scenario a $100.00 or a $1000.00 USD XRP is entirely possible. The numbers do seem huge, I know. Probably too huge for most people to even imagine. But look at Amazon. Look at Facebook. Look at Google for JC's sake. The values of these companies is already INSANE and has forced everyone to totally reevaluate what "A lot of money" is in our post-web economy.
Banks MUST update the way they do business or they will get Bitcoined to death. They know it.
This thought makes so much sense. Now i understand why there is so much fud and trolling about ripple... those are banksters trying to convince everyone out of xrp so they can take full controll of the supply and put ANY price tag on it they want!
Mind blown
LOL you guys are on some next level $hit. Yup banks spend their time FUDing XRP. Banks could have bought into XRP when it was under 1c but it will happen anytime now ripplers don't worry lol
Banks aren't buying it guys! XRP is only needed for fees! that's it, nothing else! All you are relying on is that they will buy a heap and use it for the whole transaction, not just the fee. This is the reason they wont which is pretty clear from a risk point of view from them:
- They don't care one bit that they will get a lower fee if they completely use XRP end to end. YOU PAY THE FEE no matter what so they couldn't care less. You know that fee you currently pay for a international transaction, they aren't covering that for you and hoping they can reduce it.
- The coin (and the crypto world) is too volatile. Why would they want to hold a stash of something or trade with something that can be worth less in minutes, hours, days? FIAT is pretty stable so they will stick with it.
Unfortunately Bitcoin will be number 1, look how it survives resilience and increases in price, XRP doesn't, gets pumped and dumped. Other coins, with real world usage (apparently like you say XRP is) recover nicely. XRP gains 1c and falls when BTC is reaching new ATH's. It has declined for MONTHS.
Stop calling realists that are stating facts about what can be shown as happening as FUDers, having pipe dreams doesn't make it true and cant be proven unlike what the 'FUDers' are saying. Its your choice to keep your investment on a coin that is going nowhere or down rather than put it on coins that are moving, we know who the smart ones are, but don't worry you might move another cent or 2 over the next few years lol
Pest1 : You make some points, certainly. I do think there may be some crosstalk between what are bank-to-bank and institution-to-institution transfers and transfers to individuals.
In any event, there is no doubt at all that XRP could become .00001 USD or even maybe somehow "0." Absolutely. If there wasn't this huge risk (As there was - and still really is - with BTC,) then the huge opportunity for growth would also be less.
There is also no doubt that it could and very well may rise significantly. The current price of admittance to the XRP Show is now somewhere in the "Wish I was not a big F'n moron, then when Bitcoin was 18 cents," phase. The fact-based and logic-based reality back in those hallowed days was that Bitcoin would most likely fail and be nothing but a game. Bitcoin has succeeded not because it's such a great tech (which it is), or because it makes Sound Business Sense from and within a Harvard MBA-perspective.
Bitcoin has primarily succeeded because the former and still dominant fantasy about "government-tyrant-space monkey issue fiat," is being replaced by the "blockchain-software-generated-numbers-on-a-screen" fantasy about money and its value. Money is a fantasy we all agree on.
If XRP can generate this level of "Trust" and "Belief," it will succeed. If not, it won't. I really don't think that at this stage of the Revolution that a dogmatic, purely reason and historical approach to the matter can be entirely accurate. The standard MBA/Economist perspective just no longer applies as forcefully as it once did. It still has utility but it can no longer be the Whole Sacred Truth it once was.
Bottom line: XRP can fail and fail big. For myself, I am very happy to "Believe" in this Ripple Tech and wager a few hundred beans that my few hundred beans may be worth a few thousand beans down the line. If they don't, I had fun and have only risked a few hundred beans. I also will have been part of the Early-Believer phase in this new belief-system, which as we all know means SPECIAL PRIVILEGES!! Yes, like Lambos but many other things, too.
I fully respect that people have different ways of interpreting data. Where some see impossibility and childish dreams, others see revolution in both technology and the very ideas about what is True in our societal cosmology. If we all get together and Believe in XRP the way we did and do in Bitcoin, then via XRP we can revisit the 17 cent days of Bitcoin AND DO THE RIGHT F'N THING THIS TIME AROUND.
Kind of like missing the Yahoo Train but catching the Google Train - early.
Thank you.
Here's an interesting "What if?" :
What if a bank or consortium of banks just decided one day to buy every single XRP token they could get their hands on?
Maybe they could end up with at least 50% of the supply between public trading and private purchases directly from Ripple. Maybe they could eventually own 90+% of all XRP ever to be in existence. Then, no matter what they paid for all those coins - Maybe 50 Billion? Maybe 100 Billion? - they would control the entire market and the price of whatever publicly traded XRP is left. Such a bank or bank consortium could only profit in such a scenario if they all also used XRP for all of their transfers and whatever new scams they dream up.
It really wouldn't matter what they paid for it. It's only money and they really do have all of it already anyway.
In this scenario a $100.00 or a $1000.00 USD XRP is entirely possible. The numbers do seem huge, I know. Probably too huge for most people to even imagine. But look at Amazon. Look at Facebook. Look at Google for JC's sake. The values of these companies is already INSANE and has forced everyone to totally reevaluate what "A lot of money" is in our post-web economy.
Banks MUST update the way they do business or they will get Bitcoined to death. They know it.
For those who loosing faith:
SBI Q2 Report https://www.xrpchat.com/topic/7768-sbi-financial-report-q2-time-line/ Start from page 72!
Bloomberg talks to Ripple COE https://www.xrpchat.com/topic/7769-ripple-ceo-on-bloomberg-news/ who else makes so much attention?
Sit back and relax day will come.
SBI Q2 Report https://www.xrpchat.com/topic/7768-sbi-financial-report-q2-time-line/ Start from page 72!
Bloomberg talks to Ripple COE https://www.xrpchat.com/topic/7769-ripple-ceo-on-bloomberg-news/ who else makes so much attention?
Sit back and relax day will come.
nice post and thanks for the update. There are plenty of uninformed haters for this coin, but those who research will keep holding XRP until the end. What we are seeing is the transfer of wealth from the inexperienced to the experienced, from nervous hands to stable hands.
Given positive news, market do not seem to react positively https://www.coingecko.com/en/price_charts/ripple/btc
Uninformed or fear and follow downward trend.
Uninformed and fear i'd say. Plus inexperienced traders who try to make a quick dollar day trading without researching the project.
I have been trading for nearly 2 decades and although trading crypto is very different, all forms of trading have similar calculating aspects...supply/demand & fundamental/technical analysis. Back when XRP was 25k satoshi, I gave my opinion here that its true value was under 9k satoshi. My post was ignored. Those who follow me here would have sold and re-bought making a huge profit. At the same time many were posting here it was still undervalued (due to its potential) in which more people bought and are currently sitting in a losing position. They lose faith in the coin and sell at a loss never to go near XRP again. No matter what news is released, its too late their faith in XRP is not there. So step in the whales and experienced traders who buy the cheap coins off the nervous hands that sell them.
Its my belief that those here who are over the top pumping this coin are doing it worse than the trolls here. The more they pump, share links to good news the coin still flutters on the exchange in value.
However XRP is a very long term investment with a great already working project. You need to hold, for several years as there will be more pumps and dumps and my advice it to ignore them or ar least re-position (sell high, buy back cheap to increase your quantity for same value)to increase your stock. I currently hold 5x my initial XRP without adding to my investment, just by repositioning.
The true current worth of XRP is around 8k sats, so my advice is to buy if you dont mind holding and seeing the project through.
XXX
Lol, so obvious captain America! I will save time on all this prelude above, lets consider it as a template and say that real XRP value is 100k satoshi.
Sorry you feel that way, I'm a die hard rippler, just trying to give a realistic perspective. What has all the pump pump pump talk done? Nothing. It is a speculation thread, isnt it? Just sharing mine, without hype/bias.
How did you come to the evaluation of 8,000 satoshis as the current value of XRP? I remember it was trading around 800 satoshis few months back.
Just looking at the support/resistance on the charts, the volume etc. Plus Ripple labs have a working product which ads to the value. I ignore the news good/bad and go with what I think about each product, and this one I do like. I suppose I came across as arrogant, didn't mean to, just wanted to share an honest (and more realistic imo) perspective.... from a supporter of XRP.
Groko - Continuing interesting and sober analysis on XRP. Please keep it coming. There are some of us out here paying attention.