The Ripple Thread

Speculator

Morning all

I thought I'd set up a thread for Ripple, considering it's in the top 5 based on market cap.

Ripple CNBC News.

https://www.cnbc.com/2017/11/17/ripple-ceo-brad-garlinghouse-on-working-in-the-cryptocurrency-and-blockchain-space.html

https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html

jjjjryan

Hi,

Just wondering what is the best way to buy ripple and store it. Reading reviews on different platforms like Bitstamp, coinbase can be very off putting.

Has anyone successfully bought and sold Ripple and deposited back into Euros in an Irish Bank.

Thanks
New to this

cjpmckenna

jjjjryan wrote: »

Hi,

Just wondering what is the best way to buy ripple and store it. Reading reviews on different platforms like Bitstamp, coinbase can be very off putting.

Has anyone successfully bought and sold Ripple and deposited back into Euros in an Irish Bank.

Thanks
New to this

Well

Did you buy any ripple, kind of wondering about the best way to buy to?

el diablo

cjpmckenna wrote: »

Well

Did you buy any ripple, kind of wondering about the best way to buy to?

It's available to purchase on the Kraken platform.

Neon_Lights

Have bought xrp on poloniex via bitcoin. Used coin base as my bitcoin wallet so can hook that to my bank if needed. So if cashing out would convert to bitcoin and then to cash.

ZeroThreat

Neon_Lights wrote: »

Have bought xrp on poloniex via bitcoin. Used coin base as my bitcoin wallet so can hook that to my bank if needed. So if cashing out would convert to bitcoin and then to cash.

is it better to use bitcoin to purchase the other altcoins, rather than normal money?

Neon_Lights

ZeroThreat wrote: »

is it better to use bitcoin to purchase the other altcoins, rather than normal money?

Not necessarily, I just found it a lot more accessible when using bitcoin. I would argue it's cheaper to do, as most direct cash to. Altcoin providers will fleece you, e.g changelly, you also don't have to worry about setting up a wallet either on exchanges if you're only considering keeping it there anyway

(I'm not saying coin base wouldn't fleece you either for btc)

PokeHerKing

I've setup a bitstamp account, just waiting for verification and then I'm going transfer a few hundred in and jump on board the crypto rollercoaster, seems like a good time to buy ripple.

Just had a big dip and there should be some action in October either way. Plus they're still in the pennies so the upshot is massive.

Hopefully the next bitcoin!:)

Neon_Lights

I find it's very space on news sometimes so I would recommend tuning into the reddit and on the twitter for info. Best of luck with the investment.

Cryptonovice

Hey folks.
New to cryptocurrency...was looking to invest in some ripple...kraken seems the most straightforward! If I have a hard wallet like a nano ledger or something can I then take from kraken and store on this? If say in 5 years I was happy with profits if any how does one cash it in. Sorry for the basic questions.
Just another quick thing, is it true that every year whether u make profit or not in Ireland on cryptocurrency u have to do Capital gains tax returns to revenue..? Thanks in advance

Selik

Have you done any research whatsoever in Ripple? It could be very useful at some point however it is not in any way similar to Bitcoin and the upside is certainly alot more limited as there is no limit to how many units can be generated. I'm keeping an eye on it myself - if big banking embraces it it has a good chance of doing well.

deathtocaptcha

If you like the idea of cyptocurrency and want to invest in it but aren't confident enough to invest in one specific crypto, I'd highly recommend BLX or indeed any index fund from Iconomi.net

Some time next year you'll be able to deposit / withdraw in to fiat directly from the platform and they'll also have a listed fund on the Irish stock exchange shortly through a sister company called Columbus Capital.

It's less risky than buying one specific crypto and therefore the gains may not be as big but it's a great way to bet on crypto as a whole and BLX has even outperformed Bitcoin's recent rally: https://medium.com/@owenoneill/iconomis-flagship-fund-blx-reaches-a-staggering-47-41-monthly-return-2012f14e1a76

I recommended it with a straight face here back in August and got laughed out of it: https://www.boards.ie/vbulletin/showpost.php?p=104266963&postcount=9. Don't buy it because I recommend it, but it's worth doing your homework on index funds and all assets within any of Iconomi's offerings. I'd find it very difficult to beat the peace of mind they offer over time. Crypto is risky enough without having all of your eggs in one basket.

Cryptonovice

Thanks alot. I was looking at stocks lately and all the top guys recommend index funds as a long term investment...will look into that..thanks again

Grumpypants

I had some (about 1,000). Bought at 14 and sold at 19cent in the great kraken sell off, so made a little profit.

I do think it will do good and deliver a decent return. But i don't see it ever becoming "a next bitcoin".

Have been meaning to buy it back on Bittrex but the recent spike to 25 means i'm just waiting right now.

ZeroThreat

Grumpypants wrote: »

I had some (about 1,000). Bought at 14 and sold at 19cent in the great kraken sell off, so made a little profit.

I do think it will do good and deliver a decent return. But i don't see it ever becoming "a next bitcoin".

Have been meaning to buy it back on Bittrex but the recent spike to 25 means i'm just waiting right now.

have about 3,000 of these myself, bought in at about 20 cent so I'm up 25% currently. Would probably sell if they ever reach something like 50cent

banie01

I'm holding some of this too.
Bought it as a longshot but the trickle of announcements from the team regarding adoption by some financial institutions has kept my interest piqued in this coin.
It does have a huge amount of coin in circulation and this may to my mind lead to its actually being more utilised for transactional purposes.

The main big coins are all being HODL'd and while there is a much tighter supply of ETH and BTC etc. it is hard to see how given their current rise in prices and volatility that they can be used as anything other than speculative stores of value.
Anyone holding the main coins at the moment is not going to be inclined to use them for payments or for disrupting normal payment practices as originally envisaged.
Whereas ripple does seem to be gaining some support for transactional use at the very least.

splashuum

I'm hearing there is an announcement being made next month which could potentially impact ripples value drastically, Is this true ?

garrettod

Whether it's true or not, I don't know ....

But what I do know is that posting comments like that are sometimes used to help push the price up...hopefully in this instance, what you've heard will prove true

machiavellianme

Up 7% since splashuums comment. I don't suppose you'd like to say something similar about OMG or ARK?

Speculator

Ripple CEO Brad Garlinghouse Retweets Link Indicating XRP Will Rise to $2 by 2018

https://twitter.com/bgarlinghouse

Just seen this on Reddit.

millhouse

Finally some activity. Hopefully next week's news is positive or will it just be a false dawn in anticipation of the news

gazza87a

Hey.. i was interested in Ripple also.. Just curious what platforms are you using to buy?

millhouse

Bitstamp.net

splashuum

Kraken

gazza87a

millhouse wrote: »

Bitstamp.net

splashuum wrote: »

Kraken

I've seen bad reviews on these - any issues when you request to take your money out?

millhouse

None so far. Using bitstamp since September. Have had transactions in and out without issue.

sReq | uTeK

gazza87a wrote: »

Hey.. i was interested in Ripple also.. Just curious what platforms are you using to buy?

Bitfiniex,

Have about 500 myself, will leave it there and see what happens, don't expect much, but you never know.

gazza87a

anyone used avatrade?

maximus02

Has anyone here tried to send ripple on their Ledger Nano S.

I have been trying to send some from my Ledger to another wallet.

I have sent 500 ripple with a very small charge but if I try to empty my Ledger of ripple, only another 60 ripple, it wants to charge me 20 ripple for the service.

Has anyone else had this issue?

I have written to Ledger support but I don't expect a reply from a real person for some time.

TIA

el diablo

garrettod wrote: »

Whether it's true or not, I don't know ....

But what I do know is that posting comments like that are sometimes used to help push the price up...hopefully in this instance, what you've heard will prove true

I seriously doubt that commenting on an obscure Irish discussion forum would be enough to move markets.

asteroids over berlin

maximus02 wrote: »

Has anyone here tried to send ripple on their Ledger Nano S.

I have been trying to send some from my Ledger to another wallet.

I have sent 500 ripple with a very small charge but if I try to empty my Ledger of ripple, only another 60 ripple, it wants to charge me 20 ripple for the service.

Has anyone else had this issue?

I have written to Ledger support but I don't expect a reply from a real person for some time.

TIA

a while back i sent 100k ripple from my ledger, it's not charging you 20, it's something weird, you must retain 20 ripple or something, anyway, i transferred and when i go in today i have a balance of 20 ripple, i can't quite remember

garrettod

el diablo wrote: »

I seriously doubt that commenting on an obscure Irish discussion forum would be enough to move markets.

Did you never head the phrase "every little helps" ? :cool:

Also, how do we know that the same person isn't posting something similar on more than one discussion forum etc. ?

ZeroThreat

This sums up my opinion on the performance of Ripple since I've been holding it.

https://www.youtube.com/watch?v=EigIujKxDcE

Whelo79

ZeroThreat wrote: »

This sums up my opinion on the performance of Ripple since I've been holding it.

https://www.youtube.com/watch?v=EigIujKxDcE

I sold mine last week and luckily went into Lumens just before this big rise. I was only holding ripple for about 5 weeks.

DANNY2014

David Schwartz (Chief Cryptographer at Ripple) announced on Twitter "it's happening" in the last hour... So escrow should be coming into effect... Prices should rise...

Edit so escrow has happened

https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/

jonny_b

Anyone having issues withdrawing xrp on kraken? its saying i must be a tier 3 member to withdraw. I had no issues withdrawing xrp last week and i am not gone over the limits either, far from it.

Edit: Must have been a glitch in their system as I was able to withdraw a few minutes later.

GreeBo

jonny_b wrote: »

Anyone having issues withdrawing xrp on kraken? its saying i must be a tier 3 member to withdraw. I had no issues withdrawing xrp last week and i am not gone over the limits either, far from it.

Edit: Must have been a glitch in their system as I was able to withdraw a few minutes later.

Withdraw?

Chicken!

jonny_b

GreeBo wrote: »

Withdraw?

Chicken!

Withdraw to my ledger

DANNY2014

jonny_b wrote: »

Withdraw to my ledger

Hodler

maximus02

I wrote here some days ago about attempting to transfer my ripple to another account.

Very annoyingly it seems that ripple insists on leaving 20 XRP in any account which a user may use.

https://ripple.com/build/reserves/

This seems to mean that 20 XRP is always going to remain unusable and untransferable in any account. I assume this also means that if you transfer, as I did, to another account then you will have 40 XRP which will be unusable, and so on.

I don't know if this is going to be a permanent thing but it's very annoying.

GreeBo

maximus02 wrote: »

I wrote here some days ago about attempting to transfer my ripple to another account.

Very annoyingly it seems that ripple insists on leaving 20 XRP in any account which a user may use.

https://ripple.com/build/reserves/

This seems to mean that 20 XRP is always going to remain unusable and untransferable in any account. I assume this also means that if you transfer, as I did, to another account then you will have 40 XRP which will be unusable, and so on.

I don't know if this is going to be a permanent thing but it's very annoying.

I presume its to ensure that there is always ripple in the world (since Ripple is designed to start with allthe coins pre-mined and then destroy some as part of each transaction)?

Dutchy

Two partnerships to be announced next Friday @ 5 pm pacific

According to David Schwartz they're two "huge" household names.

https://www.reddit.com/r/Ripple/comments/7j14sv/unannounced_partnerships/

Interesting.

Edit: Reading that it is Amazon & Uber. Pure & utter speculation, at this point, however.

tony1980

Where would ye recommend to buy Ripple and which wallet to use? I have been doing a fair bit of reading on this but still find it a minefield for info!

Any recommendations would be great.

Cheers

Tony

Shiny

I use bitstamp for Ripple, found it to be a pain to set up though. Bitfinex much easier to setup if you already have a source of coins (i.e. coinbase etc) but I haven't used it yet.

Truckermal

Im thinking of sticking 100 quid in for starters.

garrettod

Bitstamp are taking over 12 days to verify ID and open an account :mad:

jonny_b

Got quiet a bit of XRP but how do you guys see it growing long term?

grindle

Slowly but surely. Think of how fast an unfettered Uber is able to displace traditional taxis if allowed.

Ripple being Uber and Swift being traditional taxis.

It's a long hold - maybe not the highest earner like 5-10x ICO flips, but companies like cost-cutting and XRP cuts costs.

DVD-Lots

Pushed through the .30c mark earlier and on .32c now on CMC. Nice push if it can hold or continue. HODL!

Truckermal

DVD-Lots wrote: »

Pushed through the .30c mark earlier and on .32c now on CMC. Nice push if it can hold or continue. HODL!

Any suggestions on where to buy? Kraken is a disaster.

dashoonage

31 cent on bittrex and 26 on kraken....