The Ripple Thread

Chrongen

$3.48

Chrongen

Chrongen wrote: »

$3.48

Where?

The highest it's 'rebounded' on Binance is $2.98.

dodgystats

Binance just disabled new user registrations...https://www.binance.com/register.html

jon1981

Serious investment in exchange scalability is needed if this market is to get bigger. Imagine the trade volumes if overall market cap passes 1trn.


Huge opportunity here.

Chrongen

Deleted User wrote: »

Where?

The highest it's 'rebounded' on Binance is $2.98.

https://digitalcoinprice.com/ripple

Dades

I swapped half my XRP into ETH before I left work (at about $3) as I was going to be afk for a while. I feared a nose dive while I was away.

Not sure what to do with the rest now... what's going to happen in the next 12 hrs?!

Hovering around $2.75 on Binance.

jon1981

Why is coin market listing it at 3.37 Still? What am I missing?

Dades

The price there and the realistic trade price do not compute.

EagererBeaver

Coinmarketcap includes Korean won markets that we have no access to. Whatever the interrelation of XRP/USD/BTC/KRW, that sends the price up beyond what we mere mortals get for it.

Korea has a really disproportionate impact on global crypto market. Accounts for something like 20% of it.

keano25

How are people selling?

Are you trading your xrp for btc?

GreeBo

Dades wrote: »

I swapped half my XRP into ETH before I left work (at about $3) as I was going to be afk for a while. I feared a nose dive while I was away.

Not sure what to do with the rest now... what's going to happen in the next 12 hrs?!

Hovering around $2.75 on Binance.

Argh!

I can see myself waking up at 3am.

You could buy back in now... You know you want to...

Dades

GreeBo wrote: »

You could buy back in now... You know you want to...

I don't know what I want!
(I'll probably leave it in ETH).

BornIn84

I just signed up to coinbase to use as a wallet to buy ETH and then exchange for XRP but i can't sign up for any of the exchange cos the bloody sites are all locked down and wont let new members sign up. I'm weary of using Kraken right now cos it seems unstable! I thinl I'll but a small bit of ETH for now .

jon1981

BornIn84 wrote: »

I just signed up to coinbase to use as a wallet to buy ETH and then exchange for XRP but i can't sign up for any of the exchange cos the bloody sites are all locked down and wont let new members sign up. I'm weary of using Kraken right now cos it seems unstable! I thinl I'll but a small bit of ETH for now .

8 hrs later and my ether sending is still pending!

bunderoon

jon1981 wrote: »

8 hrs later and my ether sending is still pending!

Have you checked the other end?
I have seen where the ether was received by my Binance Account but yet still pending in Coinbase (where I sent it from)

jon1981

bunderoon wrote: »

Have you checked the other end?
I have seen where the ether was received by my Binance Account but yet still pending in Coinbase (where I sent it from)

yeah I've checked, still nothing. CB posted a possible delay of up to 12 hrs

EKRIUQ

Has anyone here set up a ripple wallet?

It takes 20 XRP to set it up, but for instance I want to transfer this balance and convert it to BTH later will I be able to get this 20 XRP back?

Is this 20 XRP shown as your balance.

Is there a charge or how high to transfer to a wallet

And what wallet do you recomend, I'm looking at a PC based wallet at the moment.

Thanks

jon1981

EKRIUQ wrote: »

Has anyone here set up a ripple wallet?

It takes 20 XRP to set it up, but for instance I want to transfer this balance and convert it to BTH later will I be able to get this 20 XRP back?

Is this 20 XRP shown as your balance.

Is there a charge or how high to transfer to a wallet

And what wallet do you recomend, I'm looking at a PC based wallet at the moment.

Thanks

I have, the charge is the 20XRP, you don't get it back. I used Toast, available on most platforms mac, windows, Android...etc

EKRIUQ

jon1981 wrote: »

I have, the charge is the 20XRP, you don't get it back. I used Toast, available on most platforms mac, windows, Android...etc

Thanks, so that's contradicting what else I've found online here

https://bitcoin.stackexchange.com/questions/66966/what-is-the-purpose-of-the-20-xrp-cost-to-start-a-wallet

In order to activate the wallet, you need to send 20 XRP to it. You don't lose this money in any way, it's yours to use after you get 20 XRP. Note that you can send 20 XRP over multiple transactions, but you're wallet will show a balance of 0 XRP until all transactions are confirmed. Then the true balance of the wallet will show up.

You can go below 20 XRP anytime, but your wallet will become temporarily disabled. This means you cannot send any more transactions from that wallet. You would need to send it more XRP to reactivate it.

This is analogous to a bank account with a minimum deposit. This documentation goes more in-depth about the purpose of the threshold.

so at this moment in time to transfer to ripple to a wallet is going to cost approx €47?

It's a bit pricey at the moment I'd be better converting to BTC and transferring then.

Blacktie.

EKRIUQ wrote:

It's a bit pricey at the moment I'd be better converting to BTC and transferring then.

But then your storing btc and not ripple.

EKRIUQ

Blacktie. wrote: »

But then your storing btc and not ripple.

I know but I won't lose a large percentage of it's value if I had 000's of XRP it's a different case

I think the general consensus the're going to lower the rate, to maybe 5 XRP at some time in the future but then people who have spent 20 will have to get the difference back.

Blacktie.

EKRIUQ wrote: »

I know but I won't lose a large percentage of it's value if I had 000's of XRP it's a different case

I think the general consensus the're going to lower the rate, to maybe 5 XRP at some time in the future but then people who have spent 20 will have to get the difference back.

I have no idea what you mean. What you're talking about is basically selling into btc and not having any ripple anymore so if they change the rate to 5 RXP then it makes 0 difference to you at that time because you'll be buying into ripple again at a new price if then if you get back into it. You're saying store ripple in btc but that's not a thing. You're cashing out.

EKRIUQ

Blacktie. wrote: »

I have no idea what you mean. What you're talking about is basically selling into btc and not having any ripple anymore so if they change the rate to 5 RXP then it makes 0 difference to you at that time because you'll be buying into ripple again at a new price if then if you get back into it. You're saying store ripple in btc but that's not a thing. You're cashing out.

What I'm saying is that I think 20 XRP is a bit much to access a wallet, I'll cash out before paying that. Where as if it was 5 XRP I would probably transfer it.

jon1981

EKRIUQ wrote: »

What I'm saying is that I think 20 XRP is a bit much to access a wallet, I'll cash out before paying that. Where as if it was 5 XRP I would probably transfer it.

so you'll buy the XRP on an exchange, leave it there and then cash out before you would pay the 20XRP for a wallet?

So basically you've no intention of holding?

Dades

jon1981 wrote: »

So basically you've no intention of holding?

My guess is the intention was to hold, but on discovering it was going to cost 20 XRP he's changed his mind!

If you've bought, say, 100 XRP, I can see why you'd balk at lose 20% to simply put it in a wallet off the exchange.


TBH, if the amount isn't huge just leave it on the exchange. The risk of it being hacked is pretty small, and there isn't large sums involved anyway.

jonny_b

Does that apply to using a ledger nano s too?

EKRIUQ

EKRIUQ wrote: »

What I'm saying is that I think 20 XRP is a bit much to access a wallet, I'll cash out before paying that. Where as if it was 5 XRP I would probably transfer it.

It's to do with the sudden surge in the price of XRP over the last 6 weeks.

Back when the coin was super-cheap, the XRP wallet reserve was 50 XRP which amounted to not a whole lot in FIAT value. When the price rose, they lowered this reserve to 20 XRP.

Given the continuation of that surge, they will lower the reserve again.

This wallet reserve is a constant sticking point with the Ripple community, but still one that is accepted as a necessary part of the system's operation.

Not mad about it myself, but I do expect them to lower the wallet reserve soon to reflect XRP's $2+ value.

That's if we still have that $2+ value. It hasn't been easy sailing or hodling today.

Edit: $2.34 on Binance now, down 20c since I started writing this post 10 minutes ago

millhouse

Bitstamp is €1.93. Let's hope the Koreans get active

dashoonage

tempted to sell half my xrp off and take my initial investment out. I will still leave me with a good chunk of xrp and and eth

Dades

I snuck half of my XRP into BTC yesterday and just put most of the rest in after it.

I should probably just sit tight but there's too much red on the board. :pac: