XRP bull run

willrocks said:
Are you saying because private entities retain XRP tokes, they could be used to manipulate prices, or is there some other angle you're comparing?
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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.

willrocks said:
Are you suggesting a crypto 100% owned by the gov would be a better alternative? I'd have serious doubts any gov could innovate to that level.
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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
 
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mmm....shiney! said:
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
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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.

mmm....shiney! said:
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.
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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?

mmm....shiney! said:
Edit to add: And anyway, the XRP thing isn't going to happen
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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 said:
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.
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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.

willrocks said:
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?
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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! said:
It would but holders are not developers, and that's the issue. Tokenomics. Ask yourself why the devs kept 20 billion for themselves.
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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/
 
IPDA said:
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.
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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
 
IPDA said:
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.
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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.
 
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mmm....shiney! said:
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.
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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.
 
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! said:
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.
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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?
 
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