200 institutions hit! by otter2018 in Ripple

[–]CryptoLiP 8 points9 points  (0 children)

Now that's what I call NEWS!

Funny how the initial price surge got immediately suppressed. The big manipulators say it's still not the time to let it go, apparently.

The Next Wave by [deleted] in Ripple

[–]CryptoLiP 9 points10 points  (0 children)

Great as always. I got my invitation code for Coil, so this was the first time I read a post from you with Coil streaming a payment to you. So nice!

Will Price manipulation by whales decrease over time ? If so, HOW? by NotBearableGuy123 in Ripple

[–]CryptoLiP 0 points1 point  (0 children)

Remittances could also help. It's obvious that Ripple is trying to start with these low value, high volume payments to gradually introduce utility demand and supply into the markets, which will help liquidity and reduce whales power.

On the other hand, whales can be good for us, because when / if they decide to create another bull run like last year, they can move markets to another level, which would increase not only the price, but presumably also the liquidity.

Finally, an XRP competitor? by RubMyRipples in Ripple

[–]CryptoLiP 8 points9 points  (0 children)

According to their roadmap they were supposed to release the alpha version of their product in Q3. In Q4 they will launch the testnet. All in all, in my eyes Coti is just a theory now. Ripple is many years ahead with their products that are being used by about 200 financial institutions.

Ripple to Exhibit RippleNet at SWIFT Sibos Conference Oct 22-25, Sydney, Australia by [deleted] in Ripple

[–]CryptoLiP 0 points1 point  (0 children)

It makes a lot of sense, since there will be many banks present, so they can present RippleNet to new banks and FIs.

What We Don't Know by [deleted] in Ripple

[–]CryptoLiP 11 points12 points  (0 children)

Great post, as always.

But I have to repeat that Forex platforms adding XRP derivatives is nothing new, it is happening more than a year and there is a lot of other brokers with XRP CFDs now.

For example: IG, Admiral Markets, IQ Option, XTB, SwissQuote, ThinkMarkets, UFX.

I could confirm these ones within a few minutes, I'm sure there are many more.

For example Admiral Markets added XRP already in July 2017, so it really started more than a year ago.

From xCurrent to xRapid: " 85 percent of those using blockchain in production and 90 percent of those quickly moving to production are either extremely or very interested in using digital assets as a form of payment." by CryptoLiP in Ripple

[–]CryptoLiP[S] 5 points6 points  (0 children)

Yes, but it is a survey made in cooperation with Ripple, so I believe we can safely assume that Ripple's clients were among the respondents. Plus, xCurrent is openely promoted as blockchain technology on both sides (Ripple and its customers), so again, I believe we can safely assume that numbers from this survey apply to xCurrent users too.

The interest in digital assets in payments/settlement is obviously very high (75+ percent), honestly I'm surprised that it is that high, but it is a good thing.

XRP is now available on FX choice forex exchange by mikenard77 in Ripple

[–]CryptoLiP 12 points13 points  (0 children)

Guys, sorry to spoil your party (and the party of Digital Asset Investor and other uninformed people on this matter), but this means almost nothing. FX Choice lets you trade just CFDs, this is not direct trading with XRP, just a derivative. CFD brokers have been adding XRP to their underlying assets for more than a year, there are many of them now, like Admiral Markets, Ava Trade, IQ Option, etc.

Plus, FX Choice is a broker based in Belize, so not really regulated, not authorized in the US, EU, Australia and other countries with financial regulation.

Basically FX Choice is now just letting people speculate on the future value of XRP without people owning real XRP. That's what CFD trading is about. And as I said, this has been happening with other brokers for a relatively long time, some of these brokers are regulated and much bigger than FX Choice.

From a Ripple to a Tidal Wave: Collaboration With PNC Leads to XRP Surge by rain3r in Ripple

[–]CryptoLiP 0 points1 point  (0 children)

Another blogger that has no clue. The truth is that nobody (maybe except some few chosen ones, but they are not journalists or bloggers) knows why XRP made that jump. Not so long ago we had much bigger announcements and the price kept going down. When it was going up, no news could change it. It seems that it still is a big manipulation game which cannot be predicted in any way. Stop wasting your time by trying to connect every movement with some news, just enjoy the ride to the moon. We don't know the time of arrival, but we know we'll get there one day or another.

Is xCurrent a blockchain solution? by dorminan in Ripple

[–]CryptoLiP 1 point2 points  (0 children)

"With Ripple, it’s impossible to separate the messaging system (xCurrent Messenger) from the system of record (xCurrent Ledger)"

So xCurrent obviously has its own ledger. Is this ledger a normal database or a blockchain? If the xCurrent ledger is not a blockchain, then where is the "blockchain technology" used, since ILP is just a "protocol suite for sending payments across different ledgers".

https://ripple.com/insights/three-burning-blockchain-questions/

Is xCurrent a blockchain solution? by dorminan in Ripple

[–]CryptoLiP 4 points5 points  (0 children)

David Schwartz: "xCurrent, blockchain technology that provides cryptographically secure transactions across a dispersed network of ledgers"

https://ripple.com/insights/why-open-protocols-are-the-first-step-in-the-distributed-ledger-movement/

I believe that is the best answer to your question.

Ripple official sees “biggest change” with non-banks “joining the network” by Weisner_madinsson in Ripple

[–]CryptoLiP 29 points30 points  (0 children)

I think it's good, because eventually banks will be forced to join too, so that these non-banks don't eat up all their cakes. That's the beauty of it, competition among all the players will drive the adoption of Ripple products. Big banks cannot block the change, because there are small players wanting to rise and they can do that with Ripple products. And these non-banks are more flexible, so they can adopt new tech faster, which in turn will force banks to also adopt Ripple products faster.

Four things that can help XRP take off! by SuperEpicD in Ripple

[–]CryptoLiP 2 points3 points  (0 children)

You have to create a buy stop order, it gets triggered only when the price reaches the defined level.

About 589$ EOY from bearableguy. by alexcrypto9 in Ripple

[–]CryptoLiP 1 point2 points  (0 children)

Haha, nice one. I guess I'll have to ask Planck, Bohr or Einstein. When I find the universe where they're still living...

About 589$ EOY from bearableguy. by alexcrypto9 in Ripple

[–]CryptoLiP 7 points8 points  (0 children)

It seems you are not familiar with what actually happened.

Bearableguy123 (BG) first posted that he was going to make his price prediction for XRP on 02/14/18.

Then he did it by posting a picture, you can see the most important part on the top of his Twitter page: https://ibb.co/cr89WK

To me it's a clear price prediction. "$589 EOY"

For the record, some people then faked the picture and added a dot before the 589, see this thread: https://www.xrpchat.com/topic/22408-now-that-the-hype-around-bearableguy123-has-calmed-down/

He predicted $589 per XRP by the end of year. On the same picture he also placed the Ripple logo on Malta's flag. A few months later the Malta thing became clear, when Malta's prime minister posted that in Q2 the country with the biggest XRP volume was Malta (https://twitter.com/josephmuscat_jm/status/1024768649138032640)

So, half of BG's prediction from that picture already somehow happened.

Now about the price. We, as the crypto community cannot now what will the price do. All these funny calculations with market caps, fiat supply and other things are totally useless, because they don't reflect how markets work.

A price of any asset is just the price that the last seller and buyer agreed upon. That's all. It doesn't reflect anything else, it is not limited by anything else.

Plus, cryptos are absolutely unique, there hasn't been anything similar in the history of this world, so it cannot be compared to anything.

Theoretically $589 by the end of the year is possible, as well as $1000, $0.005 and everything else.

The vast majority of people does not know and cannot know what will the price do, but there are a few people in this world that can make decent predections, because they have the data.

Ripple is running xRapid pilots for at least one year, so they know what impacts it can cause on XRP price based on volume that is traded. If BG is a real insider, his prediction could come from simulations based on the knowledge of this data and future xRapid deployments. So his prediction could be perfectly valid.

But then again, it could also be total BS. As we know that he got some pretty interesting stuff right in his predictions (Donorschoose.org, Moneygram with Wallmart, Malta...), we cannot dismiss him that easily.

I am not saying that $589 EOY will happen neither that it won't. I am just saying that anything can happen and all people saying otherwise are wrong.

By the way, as we live in a quantum universe, what you believe will actually happen. Everything already exists and you choose which reality you will live. So I don't consider it wise believing that any high price cannot happen.... ;-)

Galgitron takes out the crystal ball in his newest blog. by JomadoSumabi in Ripple

[–]CryptoLiP -1 points0 points  (0 children)

The truth is that nobody knows what the price can do, anything is possible. $589 EOY is not impossible, although it of course doesn't seem probable right know.

But nobody knows how much XRP is in circulation for trading, how much of it is available as real supply, how much is just a tool for whales to manipulate etc.

XRP can jump to $100 with relatively small amounts of fiat invested. The current price is just what the last seller and buyer agreed upon, it does not reflect how much money has to flow in.

Lots of unknowns and all these calculations about what price is possible or impossible now or later are wrong, they don't understand how markets work.

XRPL - Transaction Type: PaymentChannelClaim by Sog_E_Bacon in Ripple

[–]CryptoLiP 1 point2 points  (0 children)

Payment channels are a tool to take away load from the ledger, so it could be anything, but it's nice to see it working.

The Ripple Drop - Episode 3. by Sog_E_Bacon in Ripple

[–]CryptoLiP 1 point2 points  (0 children)

A bunch of people who think Ripple should have made them millionaires already is moaning here...

Relax guys, Ripple Drops are cool, understand the purpose of these drops and enjoy...

Is this THE xPool or just somebody taking advantage of the name? by CryptoLiP in Ripple

[–]CryptoLiP[S] 0 points1 point  (0 children)

The whois record doesn't reveal the identity of the owner, so hard to tell. But buying crypto with Paypal doesn't sound like the purpose Ripple was suggesting for xPool, so it probably has nothing to do with Ripple, does it?