The Ripple Thread

jon1981 · 08-01-2018 11:12am

more doubt creeping into my mind about this

http://fortune.com/2018/01/05/ripple-ceo-brad-garlinghouse-cryptocurrency-xrp/

Popper backed this up by claiming that bankers are not using XRP—a damning assertion, if true, since Ripple contends banks are embracing its currency as part of a larger shift away from the legacy money transfer system known as SWIFT. Here’s what Popper said:

more details in the link.

WhiteMemento9 · 08-01-2018 11:14am

jon1981 wrote: »

more doubt creeping into my mind about this

http://fortune.com/2018/01/05/ripple-ceo-brad-garlinghouse-cryptocurrency-xrp/

This was pointed out by several people in this thread before the price rise mania took hold on XRP.

jon1981 · 08-01-2018 11:42am

Right, I'm out, took my 3.5x profit. Too much uncertainty for me right now.

Bandara · 08-01-2018 11:54am

jon1981 wrote: »

Right, I'm out, took my 3.5x profit. Too much uncertainty for me right now.

Well done. Nice bank

ZeroThreat · 08-01-2018 12:59pm

jon1981 wrote: »

Right, I'm out, took my 3.5x profit. Too much uncertainty for me right now.

bought in at $0.20, sold at $2.75, I'm done with XRP.

Autochange · 08-01-2018 1:06pm

ZeroThreat wrote: »

bought in at $0.20, sold at $2.75, I'm done with XRP.

Where are you buying that you are getting in so early at such low price?

JaCrispy · 08-01-2018 1:10pm

Autochange wrote: »

Where are you buying that you are getting in so early at such low price?

The question really is when....not where.

Autochange · 08-01-2018 1:12pm

JaCrispy wrote: »

The question really is when....not where.

No it's where. Some coins initially start on smaller markets , gain value and then are added to bigger exchanges or Binance but by then the real window of opportunity is gone.

Cryptopia is one such place but it's closed to new folk at the minute

ZeroThreat · 08-01-2018 1:13pm

Autochange wrote: »

Where are you buying that you are getting in so early at such low price?

I held this for about 3 months.

JaCrispy · 08-01-2018 1:13pm

Autochange wrote: »

No it's where. Some coins initially start on smaller markets , gain value and then are added to bigger exchanges or Binance but by then the real window of opportunity is gone.

Cryptopia is one such place but it's closed to new folk at the minute

Of all the questions that get asked in this forum. This has to be the most frequent.
Go to coinmarketcap, click on the coin in question and select markets. Top exchange is the busiest in relation to coin in question.

https://coinmarketcap.com/currencies/ripple/#markets

jon1981 · 08-01-2018 1:14pm

Autochange wrote: »

Where are you buying that you are getting in so early at such low price?

Strange question? You know price is not determined by the exchange right? (except for a small spread fee)

lifeandtimes · 08-01-2018 1:16pm

JaCrispy wrote: »

The question really is when....not where.

"where we are going we dont need roads marty!"

epopnomis · 08-01-2018 3:56pm

Is it just me or is ripple tumbling.... I bought back in at 2€

Dutchy · 08-01-2018 4:00pm

They're all falling. Rapidly.

jon1981 · 08-01-2018 4:01pm

No such thing as bad profit ... remember that.

TheSheriff · 08-01-2018 4:02pm

Top 17 coins on CMC are in the red.......

JaCrispy · 08-01-2018 4:10pm

I pulled all of my XRP at just over €2. I believe in the project so will buy back in when things settle down.

EKRIUQ · 08-01-2018 4:15pm

Some good solid posts regarding Ripple here, realistically how big can Ripple really get $5, $10, $20? ripple just has so many coins available. I think I might transfer my initial deposit to another coin, to make money on ripple you are going to need thousands.

Going by todays trends it could be a good day to buy!

Autochange · 08-01-2018 4:17pm

jon1981 wrote: »

Strange question? You know price is not determined by the exchange right? (except for a small spread fee)

Yes I know that. I just meant getting in early on the coins before they hit the bigger exchanges.

In pretty new to this. It was an honest question.

GreeBo · 08-01-2018 4:30pm

Autochange wrote: »

Yes I know that. I just meant getting in early on the coins before they hit the bigger exchanges.

In pretty new to this. It was an honest question.

You just buy them on whatever smaller exchange they are available on.
There is no secret to it.

jon1981 · 08-01-2018 4:34pm

XRP was already on Binance when I bought in at 60-70cent. The exchange had little to do with it climbing to 2-3 dollars. Thought it might have had something to do with it going from 10cent to 60cent...I dunno.

What got it to 3 dollars was the hype kicking in and all the additional press as it got into the top 10.

A "momentum play"

Autochange · 08-01-2018 4:39pm

GreeBo wrote: »

You just buy them on whatever smaller exchange they are available on.
There is no secret to it.

In keen to get on to Cryptopia but no new registrations at the moment.

JaCrispy · 08-01-2018 4:42pm

Autochange wrote: »

In keen to get on to Cryptopia but no new registrations at the moment.

They're upscaling so will be open soon I reckon. It's a very good exchange, orders always work and instantly appear in your wallet. Currently their LTC and DOGE markets are paused while they cope with demand. They don't have Ripple though.

lifeandtimes · 08-01-2018 4:43pm

the tumble is down to CMC

https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :
CMC removed Korean exchanges
Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
Random stuff happening
My opinion is that this should have been handled much better by CMC. At least put a banner saying "WE HAVE EXCLUDED KOREAN EXCHANGES BECAUSE OF THIS OR THAT AND IT WILL HAVE SUCH INFLUENCE ON CALCULATIONS". I just hope they do not put back and remove those exchanges at random point in time. Any thoughts

Shauny2010 · 08-01-2018 6:34pm

It's a bit amateur to be relying on CMC for prices.
Save your F5 key
Use coincap.io

EagererBeaver · 08-01-2018 6:43pm

Autochange wrote: »

JaCrispy wrote: »

The question really is when....not where.

No it's where. Some coins initially start on smaller markets , gain value and then are added to bigger exchanges or Binance but by then the real window of opportunity is gone.

Cryptopia is one such place but it's closed to new folk at the minute

No, it's when.

Ripple is not some new fangled coin that has come out of nowhere to surprise everybody. It was available for a fraction of its current value six weeks ago on multiple exchanges.

Autochange · 08-01-2018 6:49pm

EagererBeaver wrote: »

No, it's when.

Ripple is not some new fangled coin that has come out of nowhere to surprise everybody. It was available for a fraction of its current value six weeks ago on multiple exchanges.

Ok. Excuse my new to the crypto world ignorance.

cravings · 08-01-2018 6:55pm

it's been around a lot longer than 6 weeks.

EagererBeaver · 09-01-2018 11:18am

cravings wrote: »

it's been around a lot longer than 6 weeks.

Nobody said it hadn't but thanks for reinforcing my point.

smacl · 09-01-2018 3:45pm

smacl wrote: »

Seems to be dipping again. If it drifts back to $2.50 I might take a punt.

And picked up a small amount at $2.18 on Kraken. Interested to see where it goes.

The Ripple Thread

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