Now switching a bit from the USD to the EUR my XRP theory (I am european after all). It's time to take a closer perspective of market movements, as we have so much news and so much "insider" info into the community flowing from all parts, that I can barely mention everything here. And as I am keeping on collecting and accumulating right now, like other $XRP traders in the community, I'm still mixed between 2 scenarios for the summer. Some uncertainties compells us to forgo our raw long-term perspective a bit and go zoom into closer $xrpeur charts and check what is going to come in June-July. We are now entering a strong test zone. In spite of the relative slugishness of the cryptomarket, there're some powerful magnetic attention right now on #xrp, at unseen levels maybe as we saw this week and as David Schwarz is currently on tour in Europe. I actually still expect a 3rd bottom to complete this overall april-may movement Top accounts still fillin'. My suspicions about the old Coinbase/Ripple drama received some tremendous confirmations this week. We can picture more and more clearly how liquid the XRP ecosystem will get in the future. More important, we saw this last week how even the bitcoiner-maximalist mainstream counterculture started to diminish, as several multi-K's cryptoyoutubers who used to snipe at Ripple and XRP came back to their senses and publicly acknowledged that they unwisely misjudged this technology.
The Aston Kutcher thing at Ellen Degeneres show on CNBC was some crazy stuff, even for us in the community. I am a complete foe to these sorts of talk-shows, but objectively, the exposure that the live 4 M $ donation brought on Ripple and XRP is so tremendous that you can litteraly see a huge surge in Google's trend searches, to the point that Ripple/XRP's results were nearing Bitcoin's. As a polyvalent analyst, these kind of statistics means a lot. But, apart from the donation/mainstream marketing aspect of things, it took me some time to get the real, powerful, deep and bold message so ingeniously sent by Ripple to the high-income/management investing/banking/trading public who also watch these extra-popular talk shows. The thing I didnt realized at thing glance with Aston Kutcher's live transaction was that it was basically a XRapid operation, processed in seconds from USD to #XRP to Rwanda's Francs (RWF), which is a pretty high friction corridor. As I often say, as a west-african trader/investor who knows all kinds of struggles dealing with cross-border payments into such areas, every aspects of the innovations Ripple has brought are crystal-clearly telling me how this technology just started the Internet 3.0, the internet of value, a way to ease and democratize money as a decentralized protocol...very much like the idea of the Internet itself ! That is why every David Schwarz speech is so important, maybe even more than any speech of any Ripple speaker, even if they basically have the blockchain/fintech dreamteam in this space and that they're all brilliant at what they're doing. May was such an important month, as we saw how Ripple's masterminds, many years ago, already reach a consensus about how they would solve, not only the pure infrastructural issues of the global banking and payment industry, but also resolving a problem that litt. not any of the +2000 basically useless cryptos existing at this time thought about : interoperability. The Ripple technology is 10-15 years ahead this blockchain space. Not only the tech. Simply the concept.
Ripple is about this institutional payment side and this decentralized digital asset side, connecting them together, taking institutional payments from financial institutions that are all regulated, doing all the KYC and everything… and then on the other side, you've got this digital asset that anybody can hold and trade, and we can prove that you can connect those two things together to build a sort of global liquidity pool. - David Schwarz, TNW Conf., May '18
The Aston Kutcher thing at Ellen Degeneres show on CNBC was some crazy stuff, even for us in the community. I am a complete foe to these sorts of talk-shows, but objectively, the exposure that the live 4 M $ donation brought on Ripple and XRP is so tremendous that you can litteraly see a huge surge in Google's trend searches, to the point that Ripple/XRP's results were nearing Bitcoin's. As a polyvalent analyst, these kind of statistics means a lot. But, apart from the donation/mainstream marketing aspect of things, it took me some time to get the real, powerful, deep and bold message so ingeniously sent by Ripple to the high-income/management investing/banking/trading public who also watch these extra-popular talk shows. The thing I didnt realized at thing glance with Aston Kutcher's live transaction was that it was basically a XRapid operation, processed in seconds from USD to #XRP to Rwanda's Francs (RWF), which is a pretty high friction corridor. As I often say, as a west-african trader/investor who knows all kinds of struggles dealing with cross-border payments into such areas, every aspects of the innovations Ripple has brought are crystal-clearly telling me how this technology just started the Internet 3.0, the internet of value, a way to ease and democratize money as a decentralized protocol...very much like the idea of the Internet itself ! That is why every David Schwarz speech is so important, maybe even more than any speech of any Ripple speaker, even if they basically have the blockchain/fintech dreamteam in this space and that they're all brilliant at what they're doing. May was such an important month, as we saw how Ripple's masterminds, many years ago, already reach a consensus about how they would solve, not only the pure infrastructural issues of the global banking and payment industry, but also resolving a problem that litt. not any of the +2000 basically useless cryptos existing at this time thought about : interoperability. The Ripple technology is 10-15 years ahead this blockchain space. Not only the tech. Simply the concept.
Ripple is about this institutional payment side and this decentralized digital asset side, connecting them together, taking institutional payments from financial institutions that are all regulated, doing all the KYC and everything… and then on the other side, you've got this digital asset that anybody can hold and trade, and we can prove that you can connect those two things together to build a sort of global liquidity pool. - David Schwarz, TNW Conf., May '18