Welcome readers, I'm Howard, I try to share my personal view on the market regularly. My goal is to be as exact and unbiased as possible, while keeping it short
As this place is full of either people claiming #XRP to be a shitcoin or a rocketship, I thought I come back to be once more the voice of reason.
Here are some plain facts, always remember, I do not know everything, I can be wrong, do your own research, you can loose all your money all the time!!
The year-over-year change has a very wide range, indicating significant volatility in the price of XRP over the years. The minimum change is a decrease of 87.03%, and the maximum change is an increase of 42,745.53%.
The mean year-over-year change is 896.58%, suggesting that on average, there has been substantial growth, but this figure is heavily influenced by extreme values.
The median change, which is less sensitive to extreme values, is an increase of 9.26%, indicating that the typical yearly change is more modest than the mean suggests.
I'm not sorry at all as I just kept calm and waited through it ๐
Dr fjK
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All my lovely 29 frogs ๐ธ, I donโt mind such losses, but Iโm truly sorry for yours. ๐ As per my promise, Iโve updated you all on time, yet no one seems to care about what I was posting or asking. You just comment and leave me alone on the field. ๐ฅบ Remember, unity is always strength. ๐ช As promised, Iโve ensured no loss beyond 10%, and Iโm sorry. ๐ Iโll wait a little longer but will close the trade if the market drops further. ๐ It was one of the biggest and most genuine steps in my life to benefit my lovely fans. โค๏ธ But Iโm truly sorry. ๐๐ช๐ญ๐ญ๐ญ I will continue this journey on Binance ๐ and will keep sharing updates as per the rules. ๐โจ $XRP
Yeah, not as if even Ripple warned everyone to not be stupid ๐คช.
CryptoSquareInfo
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๐จTrader Sells 10,000 XRP for 100 RLUSD, Losing $27,000
An unlucky trader has lost $27,000 by FOMOing into the recently-launched Ripple stablecoin RLUSD with his XRP holdings.
The trade occurred yesterday, Dec. 17 shortly afterย Ripple confirmedย the launch of the much-anticipated stablecoin. For context, RLUSD launched on Dec. 17, a few days after reports indicated that the New York Department of Financial Services (NYDFS) had granted its regulatory approval.
Details of the XRP-RLUSD Trade
However, it appears the excitement behind the launch resulted in the unfortunate trade. Notably,ย dataย from leading XRPL explorer Bithomp indicates that the trade began when a network participant placed an order to sell his 10,000 XRP tokens for 100 RLUSD.
The order was fulfilled on Dec. 17 at exactly 13:00 UTC, with the trader receiving the 100 RLUSD in his wallet. Notably, XRP was already witnessing an impressive rally during this period, as bullish sentiments followed the launch of the stablecoin.ย
As a result of this uptrend,ย XRPย was changing hands at the $2.71 mark when the transaction occurred. This indicates that the traderโs 10,000 XRP tokens were worth a whopping $27,100 or 27,000 RLUSD at the time the system fulfilled the order.
With the market participant receiving only 100 RLUSD in this transaction, this confirms that he lost $27,000. However, this move cannot be regarded as an investment choice with hopes of future returns, as the Ripple stablecoin would always maintain its peg to the dollar, leaving the trader with $100.
RLUSD is Not an Opportunity to Get Rich
The recent transaction highlights the mistakes certain network participants could make as a result of the euphoria surrounding the RLUSD launch. Before the launch, Ripple CTO David Schwartzย warned investorsย not to consider the stablecoin as an investment opportunity, as its value would always remain at $1.
Schwartz noted this while commenting on a disclosure that Xaman (formerly Xumm), a leading XRPL non-custodial wallet, showed a rate of $1,200 for 1 RLUSD. This triggered speculations that XRPโs price could adjust to this value, fueling the hope of a price surge for XRP.
Schwartz dismissed these speculations, explaining that Xaman shows this rate because someone already placed an order to buy a small fraction of RLUSD for $1,200. He cautioned that investors should not regard RLUSD as a potential avenue to get rich.
It bears mentioning that the order referenced by Schwartz is similar to the latest one involving the 10,000 XRP trade. However, in this trade, the investor placed his order to purchase 1 RLUSD for 100 XRP or $271, leading to the massive loss.
It is imperative that investors see RLUSD as just another stablecoin, like Tether (USDT), and not an opportunity to rake in gains. XRPL validator Vetย noted in a previous reportย that RLUSD will always maintain a $1 price. Schwartz also suggested that the stablecoinโs benefit would be to improve liquidity, not to effect prices.
DisClamier:ย This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
What goes down, will go up, $XRP already surprised me significantly this year ๐ค
Dr fjK
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Frogs I told you its enough babies. All 29 frogs were at 2MD profit each, i asked the suggesstions but we are late and We are again back ๐ฒ๐๐ฃ 117MD total profit to -15MD ๐ $XRP Note: Still we will go with the same position โบ
Where are 29 frogs๐ ๐ ๐ ๐ ๐ You people leave me alone. Come and suggest me to close & distribute or to wait (According to current data my one frog is in 2M $ profit according to 50%) Come On Frogs๐ธ. I need all 29 here and please other frogs stay aside for a while. $XRP ๐๐๐
Where are 29 frogs๐ ๐ ๐ ๐ ๐ You people leave me alone. Come and suggest me to close & distribute or to wait (According to current data my one frog is in 2M $ profit according to 50%) Come On Frogs๐ธ. I need all 29 here and please other frogs stay aside for a while. $XRP ๐๐๐
Iโve held USDT reserves since Dec 17 2023 and on Dec 17 2024, Iโll invest it in a high-potential coin after discussion๐คฅ The loss will be mine and profits will be split 50/50, a bold challenge to turn patience into success๐ Letโs go frogs๐ธ Itโs time to study research and find a gem that has the potential to 2x or more in the future๐
If I lose I wonโt care but if we win I hope it changes everything for you. Letโs make this fair and exciting a chance for my amazing fans to experience something bigโ Iโm serious about this, Letโs pick wisely go bold and make this opportunity unforgettable๐
Rules of the Game
1 Majority Rules๐ Iโll pick only one coin and it will be the one suggested most by my amazing fans in the comments
2 Profit Sharing๐ If we take profit 50% of the profit will be shared with everyone who commented and suggested the winning coin
Letโs make this a community-driven success ๐your voice your choice our win๐ช
Duration
The investment will run from Dec 17 2024 and weโll close it as soon as we achieve 20% to 100% gain๐
Quick profits bold moves letโs make it happen together
Note
You can suggest coins inside or outside Binance weโll consider all possibilities. The goal is to find the most promising option no matter where itโs listed, Letโs keep it open and exciting
Updates
Iโll keep you all posted on every step of the game through Binance Square from coin picks to progress updates you wonโt miss a thing.
Loss Limit
If we hit a 10% loss on a specific coin Iโll stop and the game will be over
Letโs aim for smart moves and minimize risks no losses beyond 10%
Hello boys and girls of the crypto scene, today I feel like sharing something not exclusively crypto related. I sincerely hope you like my short essay and enjoy the coming weekend. Howard
Understanding the Federal Reserve: Its Influence and Impact on the Global Economy
Introduction When we talk about the Federal Reserve, often referred to as "the Fed," we're delving into a topic that sits at the very heart of global finance. The Fed isn't just another bureaucratic entity; it wields significa
Hey folks, let's dive into the latest buzz around XRP, the cryptocurrency that's been turning heads in the digital finance world. So, XRP recently leapfrogged BNB, securing its spot as the fourth-largest crypto by market cap. The price saw a notable jump, almost touching the 70-cent mark, which is pretty impressive given the crypto's journey (https://www.coindesk.com/markets/2023/11/06/xrp-spikes-10-as-several-institutions-adopt-ripples-services/).
The community and ecosystem surrounding XRP are vibrant, thanks to Ripple Labs and various independent developers. This collaborative environment is continually expanding the utility and reach of XRP through new applications, use cases, and community-driven projects. Despite facing legal challenges, the optimism within the XRP community remains high, with many stakeholders confident about overcoming regulatory hurdles and broadening XRP's application in global finance. (https://financefeeds.com/xrp-news-today-unveiling-the-latest-developments/).
A pivotal moment came with a U.S. court ruling, significantly boosting XRP's trading volume. The court's decision clarified that XRP is not an unregistered security, leading to a surge in its popularity among traders. Following this ruling, major U.S. exchanges quickly relisted XRP, marking a remarkable comeback for the cryptocurrency. This event not only increased XRP's trading volume but also enhanced its liquidity, indicating a robust and growing interest in XRP among traders and investors alike. (https://www.investing.com/news/cryptocurrency-news/xrp-trading-volume-soars-following-us-court-ruling-93CH-3178367).
In summary, XRP's journey is a testament to the dynamic and evolving nature of the cryptocurrency landscape. With its cutting-edge technology, a strong community, and recent legal victories, XRP is poised to play a significant role in the future of digital finance.
Stay sharp and as always, do your own research, you can lose all your money, all the time!
The Harmony of Hustle: Why I Balance a Day Job with Crypto Trading
Hello, dear friends and readers,Today, I want to share something a bit more personal with you. It's about the rhythm of my daily life, the interplay between my passion for cryptocurrency trading and the reality of holding down a day job. This isn't a tale of overnight success or striking it rich with a lucky trade. It's about the journey, the balance, and the reasons behind my choices. The Quest for StabilityLet's dive into the heart of it: despite my adventures in t
$XRP Hey! So, here's the latest scoop on Ripple XRP that's been buzzing around:
Ripple's US Market Push: Ripple's making moves to really dial up its presence in the US again. They've been on the down-low stateside for a bit because of this ongoing legal tussle with the SEC. But now, they're gearing up to roll out new products in the US, banking on their money transmitter licenses that cover most states. It's like they're staging a comeback tour, betting big on their payment solutions despite the legal drama hanging overhead. (https://www.fxempire.com/forecasts/article/xrp-news-ripple-retargets-the-us-market-as-the-sec-v-ripple-case-progresses-1407158).
Wallet Growth: Despite these hiccups, XRP's not losing any steam. The number of non-zero XRP wallets has hit a new all-time high, doubling over the past three years. It's a clear sign that the Ripple network is expanding and more people are hopping onto the XRP train. Pretty impressive, right? (https://dailyhodl.com/2024/01/28/non-zero-xrp-wallets-skyrocket-to-new-all-time-high-after-doubling-in-three-years-santiment/).
So, despite some legal wrangling and a headline-grabbing hack, that I didn't mention again, since it's covered extensively already, Ripple's pushing forward, expanding its user base, and making strategic moves in the US market. It's like watching a thriller with all the ups and downs!
As our fathers fathers might put it: "There once was a trader from Kent, Whose time on the stock floor was spent. With a buy low, sell high, He watched stocks fly by, And laughed all the way to his tent!"
Don't believe anything someone promises as in our time and age, most promises are scams, be sharp, always do your own research, expect to lose all your money all the time.
Hey there! Let's dive into the world of Trollface Coin ($TROLL), a token that's all about celebrating the internet's beloved mischief-maker, the Trollface meme. This coin isn't just another entry in the crypto game; it's a nod to one of the most iconic symbols of online humor and culture. Imagine the chuckles and grins this meme has sparked over the years โ now, it's got its own currency!So, what's the scoop on Trollface Coin? It's built on the Binance Smart Chain (BSC), hinting at lower transac
$XRP XRP faced a speculated hack, impacting its price with a $112.5 million loss, later clarified as a breach of Ripple co-founder's personal accounts, not Ripple's network. The ongoing SEC case against Ripple influences XRP's market sentiment, as court rulings could impose penalties for XRP's unregistered sales. Despite legal pressures, Ripple has made international strides, entering markets like Singapore and partnering in Africa, the UK, and Australia, which could bolster XRP's value. XRP's price faces technical challenges, with a "death cross" and bearish patterns suggesting potential declines. Speculative projections claim XRP could soar to $771, hinging on the XRPL's capacity to handle massive transaction volumes. These forecasts are based on the platform's expected growth and technological adoption, yet they remain uncertain amid evolving regulations and market conditions.