Ripple Daily Ripple/XRP Discussion Thread 12/17/17 |
- Daily Ripple/XRP Discussion Thread 12/17/17
- DId you know Ripple XRP already has a Lightning Network called Payment channels? They have processed 70k transactions per 3.7 secs...important for the new ones here
- 5 Big Banks Currently Testing Ripple's Blockchain Technology
- Anyone else happy with this price stability? Means good things to come
- Another Ripple partner is making big moves - Payment Rails
- How I feel as a crypto newb.
- Market Cap Estimate Calculations at XRP Pricepoints
- 3 reasons Amazon will choose Ripple (XRP) in 2018
- 3 Reasons Why You Should Invest in Ripple Cryptocurrency While You Still Can
- Noob here. But isn't this a so called Pennant chart? Which means ripple might go up soon?
- Ripple getting a lot of press coverage in high profile investment media.
- The idea that Ripple cannot exceed a certain price is naive.
- XRP still dropping in prices (0.68$ right now)
- And this is why we HODL. Which coin will best serve the G7 reserves? Ya damn right...
- Comparing XRP market cap to that of other cryptos - it means nothing, stop pretending it does
- Western Union ad in Sydney, Australia - "hidden fees are out! Send money to any account from $4".
- My Predictions for Ripple's Value in 2018 & Beyond
- Dear new investors, slow down, relax, unplug, it's going to be ok.
- My Take on the Great Market Cap Debate...
- Xrp finally killing it - could ETHlends idea be incorporated into Ripple for peer to peer lending?
- Good tip when trading
- [THE SUN; Gaining traction] "Ripple price – why has XRP spiked, how does the cryptocurrency work and where can you buy it?"
- Instead of Market Cap it should be called Asset Cap
- Has anyone actually sold their XRP for FIAT (actual) currency?
- /r/cryptocurrency winds me up
- XRP's Potential
| Daily Ripple/XRP Discussion Thread 12/17/17 Posted: 17 Dec 2017 12:13 AM PST Hello! It's Sunday. Welcome to our daily discussion thread. Put your commentary in here. We'll probably add more to the body of these threads, but for now, just go read the rules: https://www.reddit.com/r/Ripple/wiki/rules Also, make sure to report any comments or posts that don't follow the rules! If you would like to have more discussions with Ripple supporters, please feel free to join our social channels Discord, and some features in our Discord:
The invitation link - https://discord.gg/qgfVERN One aspect of our subreddit is clear transparency. If you ever feel like a moderator is abusing their position of power please review their actions in our public mod logs here. Make a modmail if you discover any issues or mods overstepping their roles. [link] [comments]  | ||
| Posted: 17 Dec 2017 12:29 PM PST
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| 5 Big Banks Currently Testing Ripple's Blockchain Technology Posted: 17 Dec 2017 10:38 AM PST
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| Anyone else happy with this price stability? Means good things to come Posted: 17 Dec 2017 12:06 PM PST
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| Another Ripple partner is making big moves - Payment Rails Posted: 17 Dec 2017 07:22 PM PST
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| Posted: 17 Dec 2017 11:14 AM PST
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| Market Cap Estimate Calculations at XRP Pricepoints Posted: 17 Dec 2017 10:10 PM PST Keep in mind, I am an unaccredited person with basic math skills and Microsoft Excel. I wanted to provide some estimations for people to think over in regards possible valuations of XRP and the possible relating market cap at that price point. These are ESTIMATES. I also will include a bolded option for what is most likely the highest option in each year based on what the CryptoCurrency market cap will potentially be overall. We are assuming the following:
End of 2018: End of 2019: End of 2020: End of 2021: End of 2022: With these estimations, although not perfect, I do think it is possible for us to see XRP valued at $100 per coin sometime in the future. Do I think that is very optimistic and not likely? Yes. I think it is more likely we see XRP at $25 by the end of 2020, $50 by the end of 2021 or 2022, and I don't know if it's realistic that it would go above that. Please feel free to give thoughts and comments even though I know this is a dead topic at this point. I spent 30 minutes on this because all this Market Cap stuff was giving me FUD. I needed to clear my mind. It looks like everything is a-okay. [link] [comments]  | ||
| 3 reasons Amazon will choose Ripple (XRP) in 2018 Posted: 17 Dec 2017 06:52 PM PST
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| 3 Reasons Why You Should Invest in Ripple Cryptocurrency While You Still Can Posted: 17 Dec 2017 06:42 AM PST
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| Noob here. But isn't this a so called Pennant chart? Which means ripple might go up soon? Posted: 17 Dec 2017 09:30 AM PST
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| Ripple getting a lot of press coverage in high profile investment media. Posted: 17 Dec 2017 04:25 AM PST
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| The idea that Ripple cannot exceed a certain price is naive. Posted: 17 Dec 2017 07:43 PM PST It is a daunting idea that ripple could go above $5 or $10 or even $100, but the suggestion that it is impossible due to the large market cap that would entail doesn't seem legitimate. Most of us did not expect that BTC or other high value currencies could go as high as they did this year. In crypto, every day and year pushes a new boundary and extinguishes an old expectation or psychological barrier. So the fact that a certain market cap or value seems unthinkable now is proven to not be a limit. There is definitely a chance that a superior currency in terms of speed and cost could well exceed its predecessors over the long term. Yes, I am saying that XRP could eclipse BTC over the long term. Comparisons to fiat are not helpful either as we know that digital currency presents advantages over fiat as well. I am not saying this will happen, but I am saying we should be open-minded to the possibility. EDIT: When I say "comparisons to fiat," I mean comparisons to the amount of a certain country's currency currently in circulation. We already know that BTC has exceeded many of the largest companies' market caps. [link] [comments]  | ||
| XRP still dropping in prices (0.68$ right now) Posted: 17 Dec 2017 05:48 PM PST Man banks suck still waiting on funding, hope I don't miss this dip. Also, as someone whose looking to buy into XRP I would like to ask my fellow XRP believers for your realistic expectations XD. I personally am worried that it will be very hard for XRP to reach any high evaluation because of large supply, am I right in assuming so? PS. I know I'm late but it took me 8 days to verify and now almost another week to fund, so I missed my original target of buying at less than 0.2$ :/ Edit: To clarify by high evaluation I mean just something like 5-10$ because I personally think even that is pretty high... [link] [comments]  | ||
| And this is why we HODL. Which coin will best serve the G7 reserves? Ya damn right... Posted: 17 Dec 2017 07:17 AM PST
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| Comparing XRP market cap to that of other cryptos - it means nothing, stop pretending it does Posted: 17 Dec 2017 09:38 PM PST Fellow Ripple enthusiasts, Market cap is simply the price of an asset multiplied by the amount of an asset. That's it - nothing more, nothing less. It's a snapshot taken from a dynamic market environment ruled by supply and demand where prices fluctuate by the second. Allow me to illustrate my point. Below are the top 10 crypto market caps in USD on January 3, 2016 according to Coin Market Cap: BTC: 6.49 billion XRP: 202.99 million LTC: 153.18 million ETH: 72.41 million DASH: 19.82 million DOGE: 15.09 million PPC: 9.79 million BTS: 8.69 million XLM: 8.39 million NXT: 7.33 million For those that say the future price of XRP should be or could be based on the total number of XRP divided by the BTC market cap, you're flat out wrong. The above information makes this abundantly clear. And what does future mean anyway? 1 day, 1 month, 1 year, 1 decade, 1 century from now? PPC, whatever this is, was number 7 in total market cap just two years ago but is now 93. If we applied the same BTC pricing logic from above to PPC and said the future was today, PPC should be trading at 13,220 USD. It trades for under 6 bucks so perhaps it's slightly undervalued. Not to belabor my point but do you think Steve Jobs in the mid 2000s looked at BlackBerry and thought Apple's future market cap ceiling was inextricably linked to BlackBerry's? BlackBerry is more or less defunct and Apple needs no introduction. Same can be said about Amazon versus Wal-Mart and a myriad of other firms which have climbed to the top of their respective sector to challenge or dethrone the incumbent. What do these successful companies have in common? They all supply a good or service that the consumer demands. XRP price will continue to be governed not by the price and market cap of BTC or any other cryptocurrency, but by the laws of supply and demand. If people find value in XRP, the price should continue to rise. If not, the price should fall. Simple as that. If any market cap is relevant, it would be the entire cryptocurrency market, not one individual cryptocurrency or basket of cryptocurrencies. But even this is an exercise in futility. This method to measure future XRP price would mean a sell off of every other cryptocurrency would need to occur with all monies flowing to purchase XRP. For obvious reasons, this should be seen as an impossible scenario. Disclaimer: I'm long on XRP. I don't own or plan to own PPC. Ever. [link] [comments]  | ||
| Western Union ad in Sydney, Australia - "hidden fees are out! Send money to any account from $4". Posted: 17 Dec 2017 12:21 PM PST
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| My Predictions for Ripple's Value in 2018 & Beyond Posted: 17 Dec 2017 04:48 PM PST After reading through what others have said in this sub and based on my (albeit limited) understanding of crypto and Ripple, I would like to share my thoughts about what's to be gained and hear yours as well. This is especially relevant to consider if you're new and jumped in when Ripple was/is 50-75 cents/XRP. Basically do not expect a modest investment in XRP right now to make you millionaire. Expect at the very least to double or quadruple your initial investment, but don't expect this to be your shot at being one of the lucky bastards who bought a couple thousand BTC for pennies 6 years ago. 1 XRP will never reach the magnitude of 1 BTC. That's not to say Ripple wont increase substantially. My guess is XRP will hit $1.5-$2/XRP by early to mid 2018, and no more than $10-$25/XRP MAX EVER and not reaching that amount until ~5-7 years. I think whenever Ripple hits Coinbase, it's value will skyrocket, potentially way more than it will ever be worth Let's say it reaches $35/XRP due to the Coinbase hype. Assuming my estimate of Ripple's max worth per coin is true (i.e. $25/XRP), I'm wondering if it might be worth questioning the conventional HODL-wisdom and selling during Coinbase hype period before the inevitable correction occurs. What do you think, makes sense or HODL4ever? So, if you spent $600 on 1000 XRP last week, we're talking $900-$1200 profit by mid 2018. In 5 years that could be $10,000-$20,000. Coinbase hype would make that $35,000. That's a nice chunk of change, but no where near an amount you could retire on. Can anyone dispute what I've said above? Please correct me where I'm wrong. Hoping the veterans will come in and this will generate some discussion. Let's try not to circlejerk in this subreddit's echo chamber. We can be optimistic but realistic. Edited first sentence clarity. [link] [comments]  | ||
| Dear new investors, slow down, relax, unplug, it's going to be ok. Posted: 17 Dec 2017 06:16 PM PST All investing involves risk, investing in cryptos involves high risk, don't invest more than you can lose. If you are glued to coin prices 24/7 you probably have more invested than you should or don't realize there is no sure thing in any investing, regardless of whether or not your buddy down the street is a btc millionaire at 18. Looks like another buying opportunity around the corner and then HODL..... [link] [comments]  | ||
| My Take on the Great Market Cap Debate... Posted: 17 Dec 2017 12:04 PM PST The way I have come to consider market cap in the crypto world, right now, in this moment, still within the infancy of a much broader acceptance and adaptation, is that they have little to no relevance when being compared to the numbers of an actual company. Especially with a coin like XRP. In that, we, the investors, own the coins we have purchased completely, as opposed to owning a very small portion of a company when buying stock shares from someone like Amazon. Sure, there is a company behind XRP, and Ripple does own an overwhelming majority of the coins, but eventually, they need those coins to be in the hands of banks, corporations and investors in order for their vision to become realized. From what I understand, I believe the company, Ripple, is more interested in growing and making money by selling the tech and software they have invented to facilitate the transactions of our XRP tokens. It seems to me, that while the price of XRP increasing will be beneficial to Ripple, and will be necessary to support their intended use of the coin, they are more so wanting to completely change how we transfer money by expediting transaction times and lowering the cost involved. So let's say hypothetically, the value of XRP raises to $100 per coin. Many people say this can never happen bc the market cap will be in the trillions, but I think the disconnect comes when people try to compare those numbers to that of one singular company. XRP is not a company, it's a bunch of coins, which will eventually (hopefully) be divided amongst 100s of thousands of investors and banks, which makes the market cap collectively ours, not that of Ripple. In other words, we the individual hodlers, are essentially like a bunch of small companies all investing and adding to the market cap of an idea, one that will hopefully and beneficially change the way we exchange our money. In that way, I don't see it being so inconceivable that XRP will eventually reach a value of $100 per coin or far beyond. (Disclosure: I am somewhat new to crypto, investing in XRP and a few other coins a couple months back. I am by no means an expert, just trying to add another perspective to a conversation that has already been broken down way more in depth by people way more intelligent than I. Feel free to rip my ideas apart, or spread my enthusiasm. Either way, I'm hodling till i have enough to drop a Prius shell on top of a Lambo Hummer that runs only on the burnt ashes of fiat money. That, or an amount which will allow me to live out my days a little more responsibly and simplistic.) (Also, there have been a few edits to this post, in order to clarify the sanctity of original subject-mater sentiments.) [link] [comments]  | ||
| Xrp finally killing it - could ETHlends idea be incorporated into Ripple for peer to peer lending? Posted: 17 Dec 2017 11:29 AM PST Mainly for Ripple devs but all opinions welcome - can you see Ripple offering something similar? Ethlend just started peer to peer lending, and it seems like itll be a major part of the industry moving forward. Do you see this as a direct competitor to what banking already provides? Theyre providing loans between people based on the equity in their crypto portfolio.. Im a big believer in Ethlend (lend) at this point, do you guys see this concept as the future? I would think it can only benefit the masses to provide competition between traditional lending and private, driving rates down. Interesting times! [link] [comments]  | ||
| Posted: 17 Dec 2017 08:47 PM PST Many people are new investors, so im going to give my tip when investing. If you are looking to invest in ripple by trading other cryptos (ex: bitcoin, litecoin, etc), and its a small amount (less then like 600 dollars worth), whatever you do, don't use bitcoin in order to do this if it's already in a buying/selling site (ex coinbase). The fees are absurd, so just sell it, buy some etherium and then trade the etherium. I invested about 50 in XRP, and in total it costed me about 80 dollars or more. Why? Bitcoin's fee. To send 20 dollars worth bitcoins, the fee was around 18 dollars ish. So, dont make a noob mistake like me, and just trade your bitcoin for other crypto's to avoid the fee (as well as the wait time) Edit: fixed a mistake lol [link] [comments]  | ||
| Posted: 17 Dec 2017 09:21 AM PST
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| Instead of Market Cap it should be called Asset Cap Posted: 17 Dec 2017 05:38 PM PST Asset -property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. Market Capitalization -the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price. Crypto's in general are not shares in a company. I would like to think of them as plots of land. Everyone can stake there claim on a piece of property and the value is going to go up. XRP for instance, and I think a lot of people here are guessing at is difference. It is the key difference between traditional shares markets and now crypto markets is what makes it interesting. Everyone says the market cap would have to be in the trillions. And no shares are worth that and you are correct none are. But gold is trillions! but the general public does not have real access like on there phone to it. If gold was actually used for trading, do you know what it's value would be. Could you imagine if people only accepted gold everywhere right now. It would not be in the trillions it would be in the hundreds of trillions. Computers would be expensive as fuck!lol The point being is right now were looking at that right now but in the crypto world or the digitized world. Yes there is Fiat and banks and countries will always use it they might even have a digitized coin of it but there needs to be something universal. The Crypto world is literally having a show down right now in the next 7 years there will be a clear winner but just like we have Blockbuster in the past and no longer have it, bitcoin could go the same way or any blockchain. I think xrp with the work they have done will always have value no matter what because its being integrated in everything right now. Just like how all those old protocols HMTL are still around because it serves a universal purpose. Sure it gets updated but that on general public consensus which is why xrp is becoming decentralized(?). My point is, Blockchains be it XRP or Bitcoin, Ethereum they are different. So I will refer to it as an Asset Capitalization or Asset Cap. [link] [comments]  | ||
| Has anyone actually sold their XRP for FIAT (actual) currency? Posted: 17 Dec 2017 05:00 PM PST I know this sounds like a stupid question but I'm a 100% XRP long-term HODLer and I haven't been able to find a straight answer on this: Has anyone actually sold their XRP (or any crypto for that matter) for USD/EUR/AUD, etc? If so, how much and how difficult was it to get? How long did it take? What was the exchanges cut? Please note I'm not asking "how can you sell" but "if you did manage to sell for actual currency, how did you do it and what was involved"? This sub is full of people saying "DON'T SELL" but I think that's misleading for n00bs when a lot of "selling" is actually trading for other cryptos and then trading back. Similarly, people scream "I'm RICH! I'm up 400%" but if you can't actually turn it into FIAT then it doesn't matter how much the value increases (again, I note XRP has the best chance of actually becoming a coin you can "cash out" but for now it seems like all exchanges do is take money and let you move it around between cryptos, but never take it back as FIAT. Is this the case or am I missing something? Is "cashing out" even possible? [link] [comments]  | ||
| Posted: 17 Dec 2017 07:53 PM PST /r/cryptocurrency is like an alternative universe to the one I live in. In my universe, I am seeing great utility in blockchain technology, and many real-world use cases where an immutable ledger can open up brand new services like :-
This is only scratching the surface. Many more ideas exist, many more will be thought of as time passes. I'm relatively new to crypto (3 months), but I've learnt enough to know this is a true paradigm shift (I don't usually like that phrase, but it really applies here). Many big organizations also realise the utility and are fully on board with blockchain technology. Business has already given the blockchain the thumbs up. When people realise the difference between an immutable record and an editable one, and the ramifications of that, THAT is the "aha!" moment when you realise the true utility of the blockchain. Now onto /r/cryptocurrency. Realise that I am generalising here, of course - but generalisations can be useful. If a complete "noob" visited /r/cryptocurrency and spent a few hours reading threads there, they would come to the conclusion that :-
Add it all up, and it's a deeply cynical view of cryptos based on ignorance. Of course there are crappy coins out there. Of course if you FOMO and panic buy and sell, you're going to lose a ton of money. Of course. But to me it's such a weirdly pessimistic view of what is out there, given all the great stuff out there if you do even just a modicum amount of research. Do your research and you will discover some incredible real-world ideas that will change how we do business today. But no....sell all your coins and convert back to fiat "coz Bitcoin's gonna crash". To me, that kind of prescriptive advice is as dangerous as telling people to buy such-and-such a coin. The vast opportunity cost of selling out during a pivotal moment like this is - IMHO - absolute lunacy. [link] [comments]  | ||
| Posted: 17 Dec 2017 07:27 AM PST
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![[THE SUN; Gaining traction] "Ripple price – why has XRP spiked, how does the cryptocurrency work and where can you buy it?"](https://b.thumbs.redditmedia.com/p1ilXboEfPopIh1pNCVyqSj0howvCmxtlBnVDqCmfvs.jpg "[THE SUN; Gaining traction] \"Ripple price – why has XRP spiked, how does the cryptocurrency work and where can you buy it?\"")
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