The Ripple Thread

26-12-2017 1:37am

ED E wrote: »

Sell my free XRP that I got back in '13/14 or hope it goes stratospheric in 3-5yrs? Really not sure.

It might do no harm to hold for at least the first month or two of 2018 and watch how it performs in that time. Especially if you got it for free in the first place.

There's just something telling me that if banks want this Ripple tech to succeed, it will. So far, Ripple tech is in use in over 200 Japanese banks. A small fraction of banks no doubt, but it's a start. American Express introduced it to their services in November. It's getting itself out there.

If you can afford to hold, hold for as long as you can, first two months of 2018 minimum. Maybe cover yourself with a limit order to sell at around $0.75c in the meantime just in case the shít hits the fan.

Edit: Just seen that it hit $1.12 today and has been sitting there for a few hours now. Sure, if you got the XRP for free and have a decent amount of it, you can profit right now. However, I bought in at 80c and believe in the tech. I'm holding for the long-term.

at9qu5vp0wcix7 · 26-12-2017 1:52pm

TiltedBrain wrote: »

This is a good explanation, but Tether can go below a dollar it is not way linked to the Dollar, it has the potential to destroy the crypto market imo if people assume its = USD.

Your method of swapping to BTC and then to Coinbase is sound but expensive, you'll pay 2% swapping from BTC to Euro on Coinbase, and another fee when you finally withdraw. This is massive imo.

0% for a limit order on GDAX if executed properly. 15 cent to withdraw the money back to your bank account

rekcaks · 26-12-2017 6:53pm

Has anyone used eToro to buy XRP?

rekcaks · 26-12-2017 7:20pm

Or suggest an exchange to buy? It will be the first time I'm buying in so I don't have other coins to exchange.

DVD-Lots · 26-12-2017 7:45pm

rekcaks wrote: »

Or suggest an exchange to buy? It will be the first time I'm buying in so I don't have other coins to exchange.

Buy ETH on coinbase, transfer to Bittrex and purchase Ripple there. Less fees and quicker doing it with ETH instead of BTC.

rekcaks · 27-12-2017 12:34am

DVD-Lots wrote: »

Buy ETH on coinbase, transfer to Bittrex and purchase Ripple there. Less fees and quicker doing it with ETH instead of BTC.

Great thanks! How do I tranfer to Bittrex?

EagererBeaver · 27-12-2017 12:34am

Set up an account on Bittrex...

rekcaks · 27-12-2017 12:46am

EagererBeaver wrote: »

Set up an account on Bittrex...

Bittrex aren't taking new sign ups! ðŸ˜ž

EagererBeaver · 27-12-2017 12:48am

Then wait. Or use a different exchange.

rekcaks · 27-12-2017 12:52am

Has anyone else got a good exchange site they use?

EagererBeaver · 27-12-2017 12:55am

Binance.

el diablo · 27-12-2017 3:11am

EagererBeaver wrote: »

Binance.

Just don't leave any of your holdings on any exchange. Especially a Chinese one such as Binance.

millhouse · 27-12-2017 11:46am

Guys, this is probably very much how long is a piece of string type question but what do you see as being a realistic achievable figure for ripple in 2018 and then long term, say 5 yrs time. We've seen the $1 barrier been broken already and some experts are projecting $2 - $4 . Is this realistic? Is this ripples limit based on the available coins or could we ever see $10 $50 or God forbid $100...

JaCrispy · 27-12-2017 2:55pm

millhouse wrote: »

Guys, this is probably very much how long is a piece of string type question but what do you see as being a realistic achievable figure for ripple in 2018 and then long term, say 5 yrs time. We've seen the $1 barrier been broken already and some experts are projecting $2 - $4 . Is this realistic? Is this ripples limit based on the available coins or could we ever see $10 $50 or God forbid $100...

To put it in context, ripple has nearly 40billion coins. Currently approx 1euro in value so market cap of 40billion.
2euro = 80billion market cap
5euro = 200billion market cap (coming up towards bitcoin)
10euro = 400billion (approx current value of all crypto market)
100euro = 4 trillion

At best I'd see Ripple getting between 2-3euro in 2018. In the long term, who knows?

rekcaks · 27-12-2017 7:30pm

el diablo wrote: »

Just don't leave any of your holdings on any exchange. Especially a Chinese one such as Binance.

So what do I do with them?

Can anyone recommend a good offline wallet? If thats the best thing to do?

Tinder Surprise · 27-12-2017 10:30pm

Ripple CEO gave an interview today on CNBC

https://youtu.be/YmlAwQPwgYQ

It all seems too good to be true...what am I missing here- where is the elephant?

dashoonage · 27-12-2017 11:20pm

i really should start taking some profit out of this. it will be under .90 again by morning :P

Tinder Surprise · 27-12-2017 11:31pm

dashoonage wrote: »

i really should start taking some profit out of this. it will be under .90 again by morning :P

Just hit all time high.

It did nicely consolidate around the $1 mark last week which was nice.
Can see it getting up to $3 in next few weeks tbh

rekcaks · 27-12-2017 11:43pm

I still have mine with Binance. Who is using what offline wallet to store?

grindle · 28-12-2017 12:49am

rekcaks wrote: »

I still have mine with Binance. Who is using what offline wallet to store?

http://ripplepaperwallet.com/

SteelyDanJalapeno · 28-12-2017 2:07am

Tinder Surprise wrote: »

Just hit all time high.

It did nicely consolidate around the $1 mark last week which was nice.
Can see it getting up to $3 in next few weeks tbh

Why

rekcaks · 28-12-2017 2:36am

grindle wrote: »

http://ripplepaperwallet.com/

Have you used it? What's their fee?

Also is there a maximum amount of time I'm allowed to keep it on Binance?

Ledger Nano S looks good. Expensive at €82 though.

WhiteMemento9 · 28-12-2017 3:31am

rekcaks wrote: »

Have you used it? What's their fee?

Also is there a maximum amount of time I'm allowed to keep it on Binance?

Ledger Nano S looks good. Expensive at €82 though.

You can hold it on an exchange for as long as you like it just isn't regarded as the best thing to do as the safety of your money is at the mercy of that exchange.

el diablo · 28-12-2017 6:40am

rekcaks wrote: »

So what do I do with them?

Can anyone recommend a good offline wallet? If thats the best thing to do?

Yeah, best to hold in a hardware or offline wallet especially if you hold a dent amount. These Chinese exchanges can shut down at very short notice due to government regulations etc. Not sure which is the best option to hold Ripple right now though.

Blacktie. · 28-12-2017 8:54am

rekcaks wrote:

Ledger Nano S looks good. Expensive at â‚¬82 though.

Small price to pay for security and peace of mind.

EagererBeaver · 28-12-2017 9:40am

Sees there's been some activity in the Ripple thread overnight

Realises it's yet more talk about storage and wallets

dashoonage · 28-12-2017 9:46am

EagererBeaver wrote: »

Sees there's been some activity in the Ripple thread overnight

Realises it's yet more talk about storage and wallets

I ordered a lambo...but cancelled again when it dipped.

GreeBo · 28-12-2017 10:12am

dashoonage wrote: »

I ordered a lambo...but cancelled again when it dipped.

As a more experienced trader I ordered a sambo.
It was delicious.

JaCrispy · 28-12-2017 10:13am

GreeBo wrote: »

As a more experienced trader I ordered a sambo.
It was delicious.

I wish my local shop accepted XRP

Tinder Surprise · 28-12-2017 10:48am

TiltedBrain wrote: »

Why

Sorry should have said just pure speculation on my behalf, but again I revert back to my original question of where is the elephant in the room that I'm failing to see?

I've firmly got my anti hype jacket on when I read up about Ripple, but even if half the rumours are true and the other half of the confirmed contracts etc. turn out to be dead ducks then I fail to see how their price stays the same over the next quarter.

They've some heavy hitters getting on board and a few massive shoulders already behind the Ripple wheel.

https://www.reddit.com/r/Ripple/comments/7jridt/if_you_cant_see_the_writing_on_the_wall_here/?utm_source=reddit-android

I can only see them eating into the market share of say SWIFT in the very near future.

Again; what am I missing here?

Nermal · 28-12-2017 12:36pm

Tinder Surprise wrote: »

Again; what am I missing here?

https://www.forbes.com/sites/ksamani/2017/12/20/the-bear-case-for-xrp-bitcoin-futures-edition/

EagererBeaver · 28-12-2017 12:50pm

Tinder Surprise wrote: »

Sorry should have said just pure speculation on my behalf, but again I revert back to my original question of where is the elephant in the room that I'm failing to see?

I've firmly got my anti hype jacket on when I read up about Ripple, but even if half the rumours are true and the other half of the confirmed contracts etc. turn out to be dead ducks then I fail to see how their price stays the same over the next quarter.

They've some heavy hitters getting on board and a few massive shoulders already behind the Ripple wheel.

https://www.reddit.com/r/Ripple/comments/7jridt/if_you_cant_see_the_writing_on_the_wall_here/?utm_source=reddit-android

I can only see them eating into the market share of say SWIFT in the very near future.

Again; what am I missing here?

No offense, but you were professing to be a #cryptovirgin a week ago. You have to be careful with speculation/pronouncements about price rises or the future success of a tech. You also have to be aware of and be capable of separating your own self interest in wishing to see a price rise from objective analysis.

Tinder Surprise · 28-12-2017 12:59pm

EagererBeaver wrote: »

No offense, but you were professing to be a #cryptovirgin a week ago. You have to be careful with speculation/pronouncements about price rises or the future success of a tech. You also have to be aware of and be capable of separating your own self interest in wishing to see a price rise from objective analysis.

Fair point(s)

Noted

asteroids over berlin · 28-12-2017 1:12pm

Ripple continues to surprise me, i sold a lot off when it hit .30c, doh. Is it clear that these institutions will actually use xrp too (not just the ripple network)?

Tinder Surprise · 28-12-2017 1:14pm

asteroids over berlin wrote: »

Ripple continues to surprise me, i sold a lot off when it hit .30c, doh. Is it clear that these institutions will actually use xrp too (not just the ripple network)?

The Forbes article above pours a lot of cold water on the xrp tokens/network.

cnocbui · 28-12-2017 1:16pm

asteroids over berlin wrote: »

Ripple continues to surprise me, i sold a lot off when it hit .30c, doh. Is it clear that these institutions will actually use xrp too (not just the ripple network)?

Every recent article mentioning Ripple being used by X and Y at scale, also mentions that the only thing actually being used is the blockchain technology and that actual Ripple tokens are not involved. Why the Ripple price is climbing when it seems clear there is no linkage is unclear to me, unless it's just a lot of people making assumptions and failing to read.

rekcaks · 28-12-2017 7:40pm

South Korea are seeminly clamping down on crypto.

https://www.google.ie/amp/mobile.reuters.com/article/amp/idUSKBN1EM05K

Tinder Surprise · 28-12-2017 8:00pm

rekcaks wrote: »

South Korea are seeminly clamping down on crypto.

https://www.google.ie/amp/mobile.reuters.com/article/amp/idUSKBN1EM05K

aint this aimed at bogey ICO's and coins which is a good thing.

cracking down on the criminal element and money laundering.
I'm sure any company that has a good business model and operation has nothing to worry about.

pro_gnostic_8 · 28-12-2017 9:58pm

cnocbui wrote: »

Every recent article mentioning Ripple being used by X and Y at scale, also mentions that the only thing actually being used is the blockchain technology and that actual Ripple tokens are not involved. Why the Ripple price is climbing when it seems clear there is no linkage is unclear to me, unless it's just a lot of people making assumptions and failing to read.

This, exactly !
And also the fact that it seems Ripple coins can be conjured up out of fresh air whenever the Ripple management feels like it.

Dohnjoe · 28-12-2017 10:21pm

cnocbui wrote: »

Every recent article mentioning Ripple being used by X and Y at scale, also mentions that the only thing actually being used is the blockchain technology and that actual Ripple tokens are not involved. Why the Ripple price is climbing when it seems clear there is no linkage is unclear to me, unless it's just a lot of people making assumptions and failing to read.

Ripple was actually used by a South American bank I believe in a cross border money transfer, was about 2 months ago

They also keep onboarding new partners and institutions ("good news" generators). In the top 5 coins (very visible). "Cheap" compared to other coins in the top 10, plus the coin initially remained fairly stagnant whilst everything else was flying up, now it's gained it's own momentum

It has industry use and certain people like that. Some Many coins have all sorts of bells and whistles, but many haven't really gone beyond hypothetical use

Dohnjoe · 28-12-2017 10:24pm

pro_gnostic_8 wrote: »

This, exactly !
And also the fact that it seems Ripple coins can be conjured up out of fresh air whenever the Ripple management feels like it.

Well, there is a limit to Ripple. Want to make a crypto coin? conjure it up out of thin air and conjure up a max supply. Artificially creating scarcity doesn't automatically imbue something with value. If a coin were the only crypto then perhaps, but there are thousands of these things.

asteroids over berlin · 29-12-2017 8:57am

ok thanks for the comments, i would have no interest buying back in on this now, i am very surprised it has reached 1.50, insane but congrats to those who bought low and hodled

dashoonage · 29-12-2017 9:31am

ugh im gonna have to consider selling soon....

Tinder Surprise · 29-12-2017 11:00am

I've just read...with the new Uber valuation it makes it now worth less than Ripple, and the most valuable privately held company in Silicon Valley right now is Ripple

this cant continue lads - even i know that

banie01 · 29-12-2017 11:00am

I had bought a stack of Ripple a while back at 0.20 and went in again for more at 0.60.
Its just shy of my hoped for peak today and my sell ordwrs have been set.
I honestly expected good growth from Ripple and was hoping for 1.80 by late 2018.

The amount being bought/traded at the mo and the price growth is crazy!
It really strikes me as a lot of buys by people wanting to hold "full" coins rather than partials and having little understanding of the underlying tech or its uses.
That applies not just to Ripple, but a lot of the lower cost alts that are booming at the mo

EagererBeaver · 29-12-2017 11:08am

Tinder Surprise wrote: »

I've just read...with the new Uber valuation it makes it now worth less than Ripple, and the most valuable privately held company in Silicon Valley right now is Ripple

this cant continue lads - even i know that

I'm not sure comparing the valuation of anything to Uber is a good idea.

millhouse · 29-12-2017 11:56am

She's motoring lads. Staying above the $1.50 mark for a sustained period is the key to getting quickly to the next major barrier of $1.75 . Fingers crossed. Some rise over night. HODL .....

DANNY2014 · 29-12-2017 12:03pm

It's passed ethereum on coinmarketcap as no.2 coin... Serious money going into ripple... Could possibly pass $2 today...

h0neybadger · 29-12-2017 12:25pm

Pretty smart guy I follow on FB and YT said this about Ripple.
Take it at face value. It's just someone else's opinion in the end.

Here is a good explanation as to the inherent value of Ripple and XRP moving forward...

First, stop thinking of XRP as Ripples market cap, it isn't. This is a fundamental error in establishing what fair value is for XRP. It's all in the use case.

XRP circulating supply represents the volume of fiat that is available for money movers to transact from A to B within a settlement window.

Today, if one bank needs to move 5 billion in a XRP transaction, then there is only 2B left for similar transactions until the settlement window is compete (say 3-5 sec). This assumes EVERY SINGLE XRP is available for representing fiat transactions, which they obviously are not. So the circulating supply is even smaller. As high as you think it is in value, it's simply not sustainable at this price with increasing adoption.

The more banks and institutions that use XRP, the more money is juggled in the air at any one time, the higher the price per XRP must be. It's all based on the use adoption of XRP.

Ripple just owns a lot of it is all.

Imagine XRP being new physical dollars that are crated up and sent in transactions between banks, settling back and forth.

Is 7B enough for banks to do day to day business with? Not by a long shot. This is the justification case for XRPs potential value.

dashoonage · 29-12-2017 12:42pm

steadying off around the 1.40 mark now..

The Ripple Thread

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