The Ripple Thread

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.

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

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

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 .....

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.

You have to think much of a speculating is around it getting added coinbase.

dashoonage wrote: »

steadying off around the 1.40 mark now..

It's at $1.51 on poloniex.

dashoonage wrote: »

you speak american dollars i speak them euro dollars bills.

I refuse to do this again.

h0neybadger wrote: »

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.

Except the banks aren't going to use Ripple tokens, just the underlying blockchain, so maybe not that smart.

This is the hype:

Ripple Makes a Splash: XRP Price Looks Up on Amex News

https://www.coindesk.com/ripple-makes-a-splash-xrp-price-looks-up-on-amex-news/

Yay! - buy lots of XRP!

Coindesk. :rolleyes:

Not so fast, grasshopper:

Ripple CEO Brad Garlinghouse said that its blockchain network would allow the business customers of financial services firms to move money in "real-time."

"We're taking a huge step forward with American Express and Santander in solving the problems corporate customers experience with global payments. Transfers that used to take days will be completed in real-time, allowing money to move as fast as business today," Garlinghouse said in a statement Thursday.

Both American Express and Santander suggested the blockchain project could eventually be extended worldwide.
Cryptocurrency 'will come into play later'

Ripple said that it is has tested a means of speeding up payments with its cryptocurrency, XRP, and that this would become a feature in its partnerships with banks and other financial companies further down the line.

"The XRP currency will come into play later on in the evolutionary dynamics and the other players," Marcus Treacher, global head of strategic accounts at Ripple, told CNBC in an interview.

"The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."

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

Just sold all my ripple, got in at 20 cent a few months back, so that was a nice 900% return!

The more I research ripple the less I like it thou, so I'm out.

EagererBeaver wrote: »

$1.75 achieved. $2 possible by the end of the day?!

$1.85 on Binance

jesus 1.85 euro

dashoonage wrote: »

he meant american dollar bills not the euro dollar bills we use over here in europeland

This is even worse than people who actively want to quote prices in euro. We now have people trying to quote prices in dollars but actually using euro symbols. Brilliant.

sunrainmooncl wrote: »

F£çking h€ll, another thread wrecked by eur/usd talk.

Are people still buying in or do we all think this is an inflated price? The price is definitely going to jump still if added to coinbase

If that's aimed at me then I've clearly explained it was a simple typo!?!?