XRP bull run

Discussion in 'Digital Currencies' started by willrocks, Nov 15, 2024.

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  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    No. I'm saying that a privately issued asset shouldn't be included in a publicly funded national treasury because the issuers would get a windfall in profits and that while it doesn't come at the expense of the electorate, unlike government investment in infrastructure projects the devs would gain more value than the public.

    Edit to add: basically, if it's pre-mined then the government shouldn't buy it. So from that angle I wouldn't object to BCH or XMR for example. It's just good tokenomics.

    Absolutely not. That would be a completely pointless exercise.

    Edit to add: And anyway, the XRP thing isn't going to happen, maybe even the whole crypto reserve. And there's talk that the topic is just Ripple publishing a "self-serving" rumour, which is pretty standard for them if it's true. Maybe Charles Hoskinson will be jumping on board as well. :p
     
    Last edited: Jan 17, 2025
    mmm....shiney!, Jan 17, 2025
    #61
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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    I'm not following this logic, as every asset a government stockpiles would mean suppliers get a profit/windfall. Gold, silver, coal, oil = miners profit, food = farmers profit, foreign currency = issuing country profits.

    So you're okay with currencies that are not pre-mined, e.g. BTC? Wouldn't that just create windfalls for people who've already accumulated a lot?

    I wouldn't put the chance at zero. I'd be somewhere around 50/50. I'd happily wager it does happen sometime in 2025. I guess we'll have to wait an see.
     
    willrocks, Jan 18, 2025
    #62
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That's what happens. You have to weigh up the public cost v the public good ie who benefits the most.

    BTC is the most suitable.

    It would but holders are not developers, and that's the issue. Tokenomics. Ask yourself why the devs kept 20 billion for themselves.
     
    mmm....shiney!, Jan 18, 2025
    #63
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    Obviously they kept them to profit. At the time it was probably a very risky and speculative project, keeping 20% for themselves isn't beyond what I'd expect. The entire project could have failed.

    It's well known that the founder, Jed McCaleb, sold his 9 billion XRP in 2022. Also it's known that the 20% kept by developers was under strict agreements with Ripple to avoid market disruption.

    https://beincrypto.com/ripple-found...ed-3-1b-in-mind-blowing-gains-from-xrp-sales/
     
    willrocks, Jan 18, 2025
    #64
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Price topped? I think it has. Front running.
     
    mmm....shiney!, Jan 22, 2025
    #65
  6. betterinvestmentthanshare

    betterinvestmentthanshare Well-Known Member

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    29-30 January
    The date my source says xrp will start to run again
     
    betterinvestmentthanshare, Jan 22, 2025
    #66
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I don't believe your sauce.
     
    mmm....shiney!, Jan 22, 2025
    #67
  8. IPDA

    IPDA Active Member

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    Do my eyes deceive me???? @mmm....shiney! agrees that cryptocurrency market is a little overheated!

    :p:p:p

    have you finally joined the dark side
     
    IPDA, Jan 22, 2025
    #68
  9. willrocks

    willrocks Well-Known Member Silver Stacker

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    It's been a good run up from $0.4X to $3.XX. From this point it'll either go up to $5+ or down to $1.

    upload_2025-1-22_21-25-19.png
     
    willrocks, Jan 22, 2025
    #69
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  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I've never said that the crypto market is overheated.
     
    mmm....shiney!, Jan 22, 2025
    #70
  11. IPDA

    IPDA Active Member

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    Not YET! Haha, but would be your invalidations? Or are you always a buyer of crypto no matter what? I'm interested in other peoples opinions and what would negate them.
     
    IPDA, Jan 22, 2025
    #71
  12. betterinvestmentthanshare

    betterinvestmentthanshare Well-Known Member

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    It’s a hot sauce
     
    betterinvestmentthanshare, Jan 22, 2025
    #72
  13. betterinvestmentthanshare

    betterinvestmentthanshare Well-Known Member

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    No fundamentals here except for 3 things, others paying a lot more than I did and don’t be left holding the bag. It’s worked for the last 2 runs so far. Crypto is all about getting the money from your pocket into mine, that’s it really
     
    betterinvestmentthanshare, Jan 22, 2025
    #73
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    My invalidation? None as of yet, the market has too far to move on expected tailwinds. But that doesn't mean pockets of the market won't collapse, I don't care, I really am only interested in BTC. It's the premier crypto asset for many reasons. BTC is "the market", everything else is just an appendage.

    I haven't bought any for ages, my exposure to it satisfies my objectives.

    I've been a buyer of shares lately. MSTR being the most interesting.
     
    Last edited: Jan 22, 2025
    mmm....shiney!, Jan 22, 2025
    #74
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  15. IPDA

    IPDA Active Member

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    What's your objectives? DO you have a price target of some sort?

    Agree, but a crypto as large as XRP is to fall, that absolutely will put downward pressure on BTC. The whole market generally moves in tandem, except for pump and dump memecoins but I don't think those count so much.
     
    IPDA, Jan 23, 2025
    #75
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  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    My objectives relate to portfolio diversification and time frames, I have no definite price in mind.

    As far as XRP, it's price action has no bearing on the broader market, it's just a hype coin.
     
    mmm....shiney!, Jan 23, 2025
    #76
  17. willrocks

    willrocks Well-Known Member Silver Stacker

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    willrocks, Jan 23, 2025
    #77
  18. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I'd reckon of all coins, XRP would potentially have the greatest utility, both current and future, particularly for cross-border payments. What's your definition of a hype coin?
     
    Davros10, Jan 23, 2025
    #78
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  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Something that runs for no valid reason.
     
    mmm....shiney!, Jan 23, 2025
    #79
  20. willrocks

    willrocks Well-Known Member Silver Stacker

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    willrocks, Jan 25, 2025
    #80
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