Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SWIFT is fast at sending messages, not sending/settling money.
IMF and Ripple? Here it is. Read the XRP Manifesto 2.0 from this govt/intel insider:
Except that's not true. They haven't been selling out the monthly escrow release so they go back into escrow.
In the same exact position they are today. As a bridge asset.
The bank coins are like a Target charge card.
XRP is like American Express.
Both of those conditions exist with GIGL. But the other companies you use as an example are not companies trying to franchise. Those are companies doing IPOs. I know why you posted it, but it's not related.
You cannot sell a franchise in a "company" that isn't profitable.
If they were profitable, you'd have a difficult time selling a franchise with Parsi as CEO or whatever letters he's using nowadays.
I can't believe people think you can franchise a company that doesn't even know how to make a profit. What is it you are franchising? You want people to pay for the opportunity to lose money?
Please stop with the "margins" mantra folks, that's also a dead excuse.
Ripple is NOT going to do an IPO. That's one of the dumber things unimaginative people have come up with.
They have a war chest of money, the execs are all well compensated, and they are doing well growth wise.
Dumb keeps getting dumber.
They've always been "open to" franchising. But they couldn't because they could not present a business model that was profitable.
You can't franchise a business that isn't profitable. Do you guys not know this?
This means that an investor can make more money putting their investment in the bank, with almost zero risk, than investing in GIGL.
It's basic business 101. If they could have franchised before, they would have. They couldn't, then or now, so they didn't and they won't.
But I guess if you repeat it a bunch of times it changes all that, right? No.
He should be open to making GIGL a profitable company so he has something to franchise.
I know, a crazy idea.
"But, the margins, the margins! Who needs profits when you can talk about the margins!"
JPM "coin" isn't a threat to anyone. That's like saying a Target charge card is a threat to American Express. Not even close.
Ninth most popular? That's cute.
If you are going by market cap, then you are posting on a board whose D.A. is the third largest by market cap.
Oh, and who has a team of rock stars of this space. Jed couldn't carry David's dirty laundry.
Recognizing Bill's place in the global landscape is not an endorsement for his behavior. I just understand how that sandbox operates.
No one who knows how business works on a global scale had any problem with Clinton giving a speech. It was a non-issue except to a few inexperienced weak hands.
We don't know who Bill opened the doors for Brad to meet with. There are few people who are as connected with the global elite like Bill Clinton.
Trust me, when you reach that level, no one cares about your personal preferences and compared to some of the other elites, Bill is a boy scout.
The Stellar/WU is incorrect. Check the links/info in this video.
Not going to hurt Ripple or XRP. Maybe hurt Stellar when W. U. does another 10 transaction test and makes some absurd claim using such a statistically insignificant sample size. True, that one might hurt Stellar.
A couple listings and a testing with W.U? Only about 200+ deals to catch up to Ripple.
What else?
It's a good thing IHUB has zero effect on the crypto world. Weak hands here, weak hands.
Here's a clue. The future of crypto is utility. Look for the D.A. that have it. Those who don't, won't be around in 12-18 months. If they are, it's just scamming the rookies who feed them.
XRP will be fine. If you don't think so, sell and go by the flavor of the week. You have plenty to choose from. But hurry up before they go under.
XRP is going to be used at the Federal level, that is for sure. I'll forward more info.
1) A couple things....Ripple is getting more than 1-2 customers a week now. What you quoted was from 2018.
2) SWIFT and Ripple can co-exist. Pepsi & Coke.
3) Plus, It's doubtful SWIFT can achieve in two years what took Ripple 5+ years. They won't be able to settle, maybe payments, but not settlements. People often confuse the two. Many companies tried doing their own crypto, failed, and abandoned the project. Wanting to do something does not automatically mean they will be successful in executing it.
4) The home run with XRP isn't the cross border payments aspect of their business anyway. It's something on a much larger scale that has been worked on behind the scenes for at least the last 4+ years, and most likely longer.
It will become more public this year.
It's awesome how these people support XRP and Ripple! You guys believe in the technology so much that you follow it daily. I commend you on your dedication to letting the world know how awesome XRP and Ripple are!
Props to you!
To answer your question...no, it does not worry me. These guys don't play games with their shares (Jed excluded but he's not with Ripple any more).
Plus, I think Chris and Brad have restrictions on selling volumes and timing. I know Jed does so I'm sure they do as well.
Most companies higher execs with significant share allotments have share selling restrictions.
Just like the escrow is managed by smart contracts, and that's 60% of the total supply of XRP.
So, no worries about their shares or the escrow.
Still adding...adding...adding!
They haven't achieved their stated goals because their numbers are not good. If they were good, they could either internally or externally afford to expand. Remember the mall companies didn't want to do anything with them because their bottom line was not favorable.
A business concept is not a good one unless it's profitable. Anyone can run a money losing business.
You can cherry pick numbers that you like and build an argument to support any bias, but if you're not profitable, those cherry picked numbers mean nothing.
People post the same things everyday. Nothing will change with this company until the cause of it tanking is removed. That is Parsi and his crew of freeloading "consultants." Parsi has proven he cannot run a profitable business. So you get a new person who can.
He pocketed the last offering money. This time the raise is far less than the last failed raise. The same thing will happen here.
It's not like he has a history of success. Quite the opposite. This is no different. I don't care how many times you throw a goldfish into the air and yell "fly" it will never be able to fly. It's not capable.
If only the goldfish believes it can fly, the "positivity" will make it fly! Be positive!
Some of you really like beating your head on a brick wall, don't you? (NOT saying you do, LTG)
My source was David Schwartz. You know him right?
I also spoke with James Rickards who told me the IMF will be using a digital asset and Christine Lagarde (IMF) who meets with Ripple and has stated in her papers, speeches, and interviews that that banks need to adopt the disruption that DA bring and mentioned Ripple by name.
Those three are the sources.
Then one can do a forward projection based on volume times available supply of XRP then walking through current trajectory and volatility range in relation to the stage of The Adoption Curve.
That's just a start.
I did answer your question: I heard they are NOT looking at an ICO. So it's pointless to answer. No reason to answer a hypothetical that has ZERO chance of happening.
There is no chance of an ICO.
Take a deep breath...1..2..3..4..5..exhale. Repeat.
Yeah play the victim. And, making something up and calling it a rumor is not a constructive discussion. Go to TMZ with rumors, that's the place for it. I asked you to source your "rumor" and you refused.
The funny thing is you guys will have ZERO effect here like the penny stocks.
I heard they are NOT looking at an ICO. So it's pointless to answer. No reason to answer a hypothetical that has ZERO chance of happening.
There is no chance of an ICO. I prefer reality to gossip.
Is that a better answer for you?
Please source where you "heard" they are looking at an ICO.
Other people gossiping on social media is not a source, neither are voices inside one's head.
Why would Ripple do an ICO at this stage?
The only restaurant on planet earth that uses weather as an excuse or significant factor in expansion.
Snow shovel sales depend on weather. Umbrella sales depend on weather. Eating food INSIDE does NOT depend on weather. Among all the stupid things Parsi says and does, this is one of the most ridiculous.
As many have pointed out, when parents plan their kid's birthday party weeks/months in advance, they're not checking the weather patterns for the day.
Put another location in the L.A. area so your team can centralize your resources. The market can support it.
It's all good.
No, I don't "dwell on them." I rarely even read them past the headlines if at all. They're written by idiots.
Just like I didn't listen to people who called me crazy when I was buying income properties in 2009-2011 for 40-60% discounts that have more than doubled in value along with giving me an income to live off of.
I'm a contrarian investor so the more people whine, complain, and attack...the more I look for value there.
I've been investing since the 1980s. The crypto market has A LOT of scammers and rookie investors. Most people learning about crypto are doing so from social media, in other words, from other people who are scammers and rookies.
The blind leading the blind. Just like these stupid articles. Written by idiots with bias and agendas.
I hope that answers your question. Peace...
Exactly...adding, adding, adding. We'll laugh at these prices one day.
I think people are trying to read into catalysts and price reaction too much and are setting themselves up for disappointment.
There were other catalysts that I thought for sure would move the price up and nothing happened. I stopped focusing on the price and focus on how Ripple is building their company...otherwise known as the "fundamentals."
Eventually the price action will react and follow the tremendous growth. The price cannot stay down forever. Additionally, we are facing headwinds from a bear market.
So, while I check the price maybe once or twice a day, I spend my time reading and watching videos about what Ripple is doing and I'm good with it until this crazy bear market releases its grip.
Good luck to us all!
Yes, the fundamentals of Ripple are fantastic! Thank you for pointing that out!
Utility is the future of crypto and XRP has the most utility of any digital asset on planet earth.
"New York Mandates Stronger Fraud Controls for Crypto Companies"
https://www.coindesk.com/new-york-mandates-stronger-fraud-controls-crypto-companies
Start with this...
"To date, only a handful of companies have been formally approved to offer such services in the state."
Coinbase lists XRP.
https://blog.coinbase.com/xrp-is-now-available-on-coinbase-d884e33fa8b7
Mac, no, that's totally inaccurate. Here is how the smart contract regulated escrow works.
https://ripple.com/dev-blog/explanation-ripples-xrp-escrow/
NY has restrictive/difficult crypto licensing and regulation to the point that crypto companies pass on doing business there. Not sure why there are Coinbase/Coinbase Pro differences on this issue.
It's not a problem with XRP.
Global liquidity by the IMF through the Central Banks. That is what will cause XRP to spike in value.
The cross-border remittance business is okay, but not the home run here. When Christine Lagarde uses XRP in some structure, either with or without the SDR, to help bail out the Central Banks, XRP will have to be triple digits or more.
BTC is one of the most manipulated cryptos of all. Nothing new there.
It was fun watching all the BTC maxis heads explode this week over the Coinbase listing of XRP.
Thank you!