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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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justback83

Bob24 wrote: »

justback83 wrote: »

Has anyone on the thread had their wallet hacked and ripple stolen? Just me? ðŸ˜’

What kind of wallet?

Gatehub. Read something about hacking in june and just logged in to check. They left me with almost nothing. Gatehub are also refusing to reimburse....

Bob24

justback83 wrote: »

Gatehub. Read something about hacking in june and just logged in to check. They left me with almost nothing. Gatehub are also refusing to reimburse....

OK ... yeah not looking good: https://cointelegraph.com/news/report-nearly-10-million-in-xrp-stolen-in-gatehub-hack

I don't really get how Gatehub works: do I get it right from their website that they are creating a XRP wallet for each user and storing the keys for that wallet on behalf of the user? If yes this is a bit of a flawed architecture IMO.

One More Toy

justback83 wrote: »

Gatehub. Read something about hacking in june and just logged in to check. They left me with almost nothing. Gatehub are also refusing to reimburse....

How much did they grab?

makeorbrake

This is one of the main reasons I've been skeptical of the Ripple project since day one.

You can't have a project that has a shed load of tokens in reserve. The temptation to do what they're doing (dumping them to the cost of ordinary token holders) is always going to be too great. If they wanted to respond correctly, they would 'burn' the lot today. My guess is that in no way will they do that.

wonga77

I wonder whatever happened to the lad that claimed ripple would be bigger than apple and Amazon together.
Was going to surpass bitcoin by the end of last March if I remember rightly...

Truckermal

wonga77 wrote: »

I wonder whatever happened to the lad that claimed ripple would be bigger than apple and Amazon together.
Was going to surpass bitcoin by the end of last March if I remember rightly...

Poor old Noel...:P

Bob24

I see XRP is up 12% since this morning and still seems to be rising. Is there any positive news about it I have missed, or it is just random?

Truckermal

Bob24 wrote: »

I see XRP is up 12% since this morning and still seems to be rising. Is there any positive news about it I have missed, or it is just random?

It normally crashes after positive news!

IamMetaldave

This post made me open my portfolio for the first time in ages.. up a few bob with everything in green. No doubt it’ll be all gone tomorrow!

will56

IamMetaldave wrote: »

This post made me open my portfolio for the first time in ages.. up a few bob with everything in green. No doubt it’ll be all gone tomorrow!

More than likely, I'd like to get excited but this is more likely to be price manipulation / pump&dump than anything else

Bob24

Don’t know if that’s the reason, but there is actually a rumours of close integration between Ripple and Coinbase: https://bitcoinist.com/ripple-coinbase-linkup-rumour-fueling-xrp-fomo-in-20-surge/

millhouse

I know we are operating in very uncertain times and there is a lot of terrible stuff going on in the world at the moment but with uncertainty is there opportunity?
By opportunity, I am seeing ripple at $0.13 this morning, could it go as low as $.10 in the coming week?
Anyone any thoughts on whether buying is a good/bad idea,

Once all of this clears up over the next 3-6 months and things begin to stabilise that bit more you'd have to think $0.20 - $0.30 will be a given. After that and over the coming couple of years could we see the $3 mark again. How would that feel given you got in at $0.10?

SachaJ

millhouse wrote: »

I know we are operating in very uncertain times and there is a lot of terrible stuff going on in the world at the moment but with uncertainty is there opportunity?
By opportunity, I am seeing ripple at $0.13 this morning, could it go as low as $.10 in the coming week?
Anyone any thoughts on whether buying is a good/bad idea,

Once all of this clears up over the next 3-6 months and things begin to stabilise that bit more you'd have to think $0.20 - $0.30 will be a given. After that and over the coming couple of years could we see the $3 mark again. How would that feel given you got in at $0.10?

Have to admit the thought crossed my mind. Some of mate are waiting for $0.05....

wonga77

This is how stocks work, there are people out there that will make entire fortunes based on recent events. It may not be nice but its how it works im afraid.
I wonder how low will bitcoin go?

borderfox11

I'm waiting for 0

Lex Luthor

I've been buying XRP consistently, especially during this dip. Once they go after the nostro accounts in all the major central banks they are going to need on demand liquidity to keep transactions moving

€3 is nothing compared to what I think this one could eventually go to

Lex Luthor

borderfox11 wrote: »

I'm waiting for 0

:D:D:D:D

SachaJ

Lex Luthor wrote: »

I've been buying XRP consistently, especially during this dip. Once they go after the nostro accounts in all the major central banks they are going to need on demand liquidity to keep transactions moving

€3 is nothing compared to what I think this one could eventually go to

Been watching too much YouTube?

Lex Luthor

SachaJ wrote: »

Been watching too much YouTube?

you must subscribe to my channel then...:p

millhouse

No one has the crystal ball but do people see a further drop happening over the coming days, is there any indicators to support opinions either way? A $0.01 drop is a 7% drop so significant enough that it may be worth holding out for.

GreeBo

Lex Luthor wrote: »

€3 is nothing compared to what I think this one could eventually go to

Ah I remember those heady days well...
"shure why would I sell now, its on the way up!"

wonga77

What about the fella that was in here claiming that Ripple would pass out bitcoin by the end of 2019...

el diablo

The 589 brigade have been very quiet recently....

Lex Luthor

millhouse wrote: »

No one has the crystal ball but do people see a further drop happening over the coming days, is there any indicators to support opinions either way? A $0.01 drop is a 7% drop so significant enough that it may be worth holding out for.

Hard to say, in reality it really seems to depend on what bitcoin is doing at the moment, they are all following it

Bitcoin held its ground yesterday when the DOW dropped again, I think this was the first time since we started tanking that it did that

I'm still bullish on both long term and accumulating small amounts at the moment, if it drops further I'll still add even though my overall portfolio value is dropping.

Truckermal

el diablo wrote: »

The 589 brigade have been very quiet recently....

It's happening tonight....:p

millhouse

7% increase overnight.
There is a pending court case due to be sorted later this month that could potentially shut the company down for acting outside it's legal remit, if they were to lose.

millhouse

+ 18.7% in 24 hours.

millhouse

So Ripple has gone from â‚¬0.129c to â‚¬0.162c in the past 2 weeks, a 25% jump. With Bitcoin due to halve sometime in May we will likely see a further increase as they all tend to follow Bitcoins movements,
Any thoughts?

Lex Luthor

their new beta app XUMM looks interesting

millhouse

Seems to be lots coming our of their labs. It's the up take from the long established financial institutions they need. Once that happens this could be anything. â‚¬10 is a possibility down the line.