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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

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el diablo

ZeroThreat wrote: »

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

Similar to me. I got in at $0.165. Time to sell as I can't see it climbing much higher.

el diablo

Autochange wrote: »

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

I bought it on Kraken early last summer. Certainly wasn't difficult to find an exchange that listed XRP.

Chrongen

The Japanese DMM network are supposed to list XRP tomorrow, January 10th. I don't know what effect that will have on the price. Doubt it will send it skywards but it is certainly positive news. DMM has 27 million subscribers.

mik_da_man

Chrongen wrote: »

The Japanese DMM network are supposed to list XRP tomorrow, January 10th. I don't know what effect that will have on the price. Doubt it will send it skywards but it is certainly positive news. DMM has 27 million subscribers.

Doesn't seem to have done any good...

TheSheriff

mik_da_man wrote: »

Doesn't seem to have done any good...

Hasn't started yet, market is launching the 10th, with users allowed trade from the 11th.

Ill hold what I have left till then, if it doesn't go up ill sell at this point.

Expecting to see some small jump.

jon1981

Starting to dawn that the Emperor has no clothes maybe? Relying on addition to exchanges to drive price is not enough.

jon1981

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn

The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

99 Bortles of Beer

Not a Ripple specific question but one I'm sure some of you can answer having invested in it.

My route to investing in Ripple was to buy ETH on Coinbase using my debit card, then transfer ETH from Coinbase to Binance, then buy Ripple on Binance using my ETH....

To sell, I'll be doing the reverse, i.e. selling my Ripple on Binance for ETH, then transferring my ETH from Binance over to Coinbase, and then cashing out to EUR on Coinbase - what are the withdrawal options? Does it get put back on the same debit card, or can I select a different account/card to cash out on?

MightyMandarin

jon1981 wrote: »

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn

The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

But what if the current value is already overvalued af and the real value of ripple is <50c?

lifeandtimes

MightyMandarin wrote: »

But what if the current value is already overvalued af and the real value of ripple is <50c?

You just have to have faith in the company and what they say they are going to do

jon1981

MightyMandarin wrote: »

But what if the current value is already overvalued af and the real value of ripple is <50c?

I think that's an option and probably accurate.

Dades

99 Bortles of Beer wrote: »

To sell, I'll be doing the reverse, i.e. selling my Ripple on Binance for ETH, then transferring my ETH from Binance over to Coinbase, and then cashing out to EUR on Coinbase - what are the withdrawal options? Does it get put back on the same debit card, or can I select a different account/card to cash out on?

I seem to remember reading they can't (won't) pay out on to a debit card.

I'd say you need to set up an EU account for a SEPA transfer out.

FLOOPER

Can I ask people here whats the disadvantage of using Etoro.

I'm aware you're not buying actual currency but on the flip side you won't have to pay any tax i.e. 20% Capital Gains Tax.

Charges are minimal as well although the exchange rates are a couple of points above retail (it's USD fuelled).

So whats the catch.

GarIT

IMO most if not all cryptos are currently valued at more than they are worth, all values at the moment are based on potential and not current utility.

Besides that point, you can't compare crypto to companies, saying ripple is worth more than PayPal is like saying all the euro in the world is worth more than PayPal. You need to compare crypto to currencies or at least commodities not companies.

lifeandtimes

prepare for a boost

https://twitter.com/bgarlinghouse/status/951457716660142081

Tinder Surprise

lifeandtimes wrote: »

prepare for a boost

https://twitter.com/bgarlinghouse/status/951457716660142081

That's very good news in fairness.

Hopefully, the price reflects it soon, if not then current price is its true value at this point in time imo

edit: Just shot straight back up to $2 WOW if you just bought in the last hour

lifeandtimes

Tinder Surprise wrote: »

That's very good news in fairness.

Hopefully, the price reflects it soon, if not then current price is its true value at this point in time imo

its up 3% in the last 20 minutes

Dohnjoe

Good news doesn't automatically boost price. It's a combination of factors, including type of news, current trends in the market, sentiment, volatility, recent price rises/drops .. a whole range of stuff

Highly speculative market in high speculative digital assets (most of which only have hypothetical use) is very whimsical

TheSheriff

Brad must have been up late last night thinking about best to increase his net worth

Tinder Surprise

Dohnjoe wrote: »

Good news doesn't automatically boost price. It's a combination of factors, including type of news, current trends in the market, sentiment, volatility, recent price rises/drops .. a whole range of stuff

Highly speculative market in high speculative digital assets (most of which only have hypothetical use) is very whimsical

teach me sensei ..teach me!

Tinder Surprise

TheSheriff wrote: »

Brad must have been up late last night thinking about best to increase his net worth

Id say more a case of hold til needed on that news

lifeandtimes

now at 2.22 dollars

dashoonage

all the lambos so many lambos...and they all go round and round....

GreeBo

jon1981 wrote: »

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn

The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

i've said it before and I'll say it again.

Crypto is not a company, you are not buying shares you are buying a currency/commodity.

The world's gold supply would have an implied market cap of $7.07 trillion dollars...so what does that mean for XRP?
How much USD or EUR is in the world?

You are doing apples to oranges comparisons.

chakotha

Big 25+% surge since 2pm on Bitfinex.

Moneygram are going to test use the XRP token.

https://techcrunch.com/2018/01/11/ripple-announces-an-actual-customer-for-xrp-brackets-ok-its-a-trial/amp

Now what. I sold on Monday.

Lord Nikon

https://www.cnbc.com/2018/01/11/moneygram-to-test-payments-with-ripple-xrp-cryptocurrency.html

Watch the price go up up up

TheSheriff

While i am a big fan of XRP it worries me how much mob mentality is associated with this particular coin.

One tweet from the CEO to surge the price when he has such a huge vested interest.

lifeandtimes

TheSheriff wrote: »

While i am a big fan of XRP it worries me how much mob mentality is associated with this particular coin.

One tweet from the CEO to surge the price when he has such a huge vested interest.

its a new age, companies dont need to have big press releases, their use social media to alert their followers, him and money gram tweeted their new deal and it had the effect they wanted

Tinder Surprise

lifeandtimes wrote: »

its a new age, companies dont need to have big press releases, their use social media to alert their followers, him and money gram tweeted their new deal and it had the effect they wanted

It hit €2.60 and now floating around €2.12

Be interesting if it slips below $2 again

mik_da_man

Tinder Surprise wrote: »

It hit €2.60 and now floating around €2.12

Be interesting if it slips below $2 again

Where did it hit those prices..?