Many people are disheartened by XRP lately.
It is drive off this belief:
1. Stablecoins will negate the need for XRP
WRONG, if you have 10 stablecoins, you need 10x10 = 100 trading pairs to interchange. With XRP, you only need 10
2. XRP will be replaced by other more popular tokens like HBAR or CHAIN
WRONG, HBAR and CHAIN are not liquidity tokens. XRP is
3. XRP ledger is not popular, and big institutions are choosing other blockchains
WRONG, for the intended purpose, cross asset, cross border transactions, AMM/LP, permissioned domains, clawbacks, this is exactly what makes XRPL, natively compliant.
4. Ripple is rugging XRP holders, same as issuers of other meme tokens
WRONG, Ripple is a $50BN company, with 1000s of employees and offices globally, they acquired 4 other opanies, hold a banking charter, money transmitter licenses and Mica. Ruggers don't do all of that, this is by far the stupidest opinion
5. Ripples valuation is because of the escrow
WRONG, every single voluntary update disclosed their balance sheet does NOT include the escrow
6. Ripple escrow releases dump on the market
WRONG, Ripple sell only a fraction of the escrow via OTC, and wholesale channels, never order books.
7. vincent_vancode is just trying to pump his bags
WRONG, do you think I am that arrogant to think my post to ~50,000 followers will meaningfully move the price? Maybe @JoelKatz or @bgarlinghouse could, but I am here to tell you the facts.
So, after reading this, if you don't agree, just reply with a meaningful reason, don't reply with one liners because this thread is for mature adults and not wingers begging for attention.
Incroyable mais vrai
@elonmusk vient de mettre le film Citizen Vigilante entièrement sur sa TL pour lutter contre la censure
Bon visionnage 🍿 https://t.co/0C8dEsVKWS https://t.co/0C8dEsVKWS
$BTC Has made it to its .786 Fibonacci retracement level from the initial bounce.
If you've been following me for some time, you might have seen me post about these before.
Over the past few years, most of the major local tops & bottoms have been set after a strong bounce and near full retrace into the .786 fibonacci retracement level.
This often makes it so traders & investors alike, expect the previous low or high to be broken, only for it to make a marginally higher low/high and continue the reversal.
This is why this was a level that I had highlighted being pretty much the last stand for the bulls before the $60K level gets tested and likely gives in.
So eyes on this area here. Bulls got work to do.
Added the telegram post from a week ago with some additional thoughts. This is posted in my free telegram channel where I occasionally post additional charts and thoughts on the market. https://t.co/j7IcSHcJXs
This right here. This applies to EVERYTHING in life. Not just crypto. Left the house late? Might have avoided an accident. Having a tough week? God's giving you a chance to build strength. Nothing can wrong right now? What a great time to give thanks and practice gratitude.