Just sharing, I said I would make mention of my restart of buying of crpto. I have bought a few small positions but nothing to write home to mom about until last Friday. The token I have bought in mass is the only token in US with regulatory clarity "and it isn't $BTC" which has literally 0 real utility and is bought with the idea of store of value and never will be much more then that, that is if it can even retain that assumptive use case.
The Token I already owned and am buying in mass is $XRP, which on Friday received legal clarity that it is not a security. Short analysis is now institution in the United States can buy and use this token, and they definitely will as are the gov., institutions and companies around the world are already doing so, but the real clincher is they will need to buy it in the open market with the rest of us. The company responsible for the creation of $XRP, Ripple lost a portion of the 2.5 yr law suit to the "SEC vs. Ripple" case if you are interested in the "what for's and whys" of the case.
BTW $XRP is now the only token that has "legal clarity in the US" and was re-listed by the US exchanges Friday as soon as the SEC lost this portion of their case and legal clarity was given that XRP is "not a security" and the token has gained 11+ billion in Market cap since.
Nice share brother, nice change for someone to actually share something applicable to this topic.
About that 100bil at most maybe1% if that are in the hands of the retail investor. It's true $XRP was created for the banks, institutions and cooperate world and not so much for retail and yet I am way fortunate to own a nice modest stack while it is soooo cheap. There is a report that by 2027 it is est. 270 trillion worth of cross boarder pmts will be made with ODL making that 100bil look pretty small in comparison. $XRP won't likely get it all but no doubt more then a fair share for sure.
If you are familiar with the SECs position on ICOs you will understand why particularly educated ETH owners are very concerned as are many other crypto project due to G Gensler and his disposition and the nature of things he just may want to go after ETH, a big dog for revenge after losing all hope to stop $XRP, that boat is long gone. Now that Gary lost he has lots of companies who offered ICOs he can go after now and ETH is the big 1...
As for BTC it is almost useless in real world use cases but as long as people are happy with the story I guess it will live on. I absolutely have to be skeptical considering supposedly "no 1 knows who told the story", who is it's author? Most who own BTC don't realize that NSA built the SHA-256 hash function that the blocks are built with. Makes an informed person go Hmmm. Also I have big doubts and don't even think for a minute it is possible BTC is "truely" decentralized?
1 thing for sure I look forward to the masses of that BTC, ETH and useless projects $$$ dumping into $XRP and it will, particularly with all the under estimation most seem to have with $USD strength that is about to turn crypto on it's head and do a shake down of all the projects and weak hands which will prove to be a large majority.
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
;) I understand cheering for your teams and all but just for shits and giggles do you have any facts supporting your stand and opinion beside your family and friends bought and own BTC and ETH lmao
Create 100 billion XRP out of thin air. Trust Us During consensus, each server evaluates proposals from a specific set of servers, known as that server's trusted validators, or Unique Node List (UNL).5 Trusted validators represent a subset of the network which, when taken collectively, is "trusted" not to collude in an attempt to defraud the server evaluating the proposals. This definition of "trust" does not require that each individual chosen validator is trusted. Rather, validators are chosen based on the expectation they will not collude in a coordinated effort to falsify data relayed to the network 6.
When the shit gets rough in crypto this is when they come out of the woodwork. They lost their ass. They're freaked out. So they try to pump it on sites they visit every 3-9 months.
Not trying to be a dick, but this pattern has played out over and over. People got over leveraged in fake money. Enjoy the gains if you got them. Highly probable one didn't. It's okay. I'd frankly get out of the dumpster fire even for the few times it jumps.
Some facts... If their is anyone that has been more transparent who has posted about crypto anything it's me. I disclosed when I sold most all my holdings in 2021 and besides sharing a bit about $XRP and that I would post when I thought there was something worth posting. Just to be clear anyone who has read the crypto posts know this would be the last place to try and pump and suggesting that is the case is just another personal attack and insult, I have traded currency for 25yrs. and if anyone knows like I posted earlier retail does not or at most minuscule moves any markets.
It is more then obvious that the derogatory na-sayers posting don't read a bit about what was actually posted and shared and are either "by choice" totally ignorant, uninformed, foolish or "eat to much dick" you are what you eat they say, or are holding bags of underperforming tokens such as BTC or ETH.
Do you notice "they post without any receipts to support their opinions" but rather just direct or off-hand personal insults? No you don't, not 1 single fact of refute. I challenge the posters who wants to call into question my motivations to actually bring something to the table that is any kind of proof and just not insults, which they simply can't do because it doesn't exist.
positions but nothing to write home to mom about until last Friday. The token I have bought in mass is the only token in US with
regulatory clarity "and it isn't $BTC" which has literally 0 real utility and is bought with the idea of
store of value and never will be much more then that, that is if it can even retain that assumptive use case.
The Token I already owned and am buying in mass is $XRP, which on Friday received legal clarity that it is not a security.
Short analysis is now institution in the United States can buy and use this token, and they definitely will as are the gov., institutions and companies around the world are already doing so, but the real clincher is they will need to buy it in the open market with the rest of us. The company responsible for the creation of $XRP, Ripple lost a portion of the 2.5 yr law suit to the "SEC vs. Ripple" case if you are interested in the "what for's and whys" of the case.
https://ripple.com/
BTW $XRP is now the only token that has "legal clarity in the US" and was re-listed by the US exchanges Friday as soon as the SEC lost this portion of their case and legal clarity was given that XRP is "not a security" and the token has gained 11+ billion in Market cap since.