Ripple Daily Ripple/XRP Discussion Thread 12/30/17 [Questions and Price Predictions] |
- Daily Ripple/XRP Discussion Thread 12/30/17 [Questions and Price Predictions]
- Ripple demo on Coinbase beta site [video]
- XRP is the main headline on CNBC.com, arguably the biggest name in business news in the US
- We have more attention and value than we had and XRP is more liquid. That might mean we can aim higher than we previously planned.
- Ripple working with Visa and/or MasterCard could possibly make the coin $90-300+!
- XRP: Why buying right now is a good idea.
- XRP’s Trajectory for 2018
- FUD is very real
- A quick message to all new investors in XRP specifically and crypto in general.
- The Wall Street Journal (@WSJ - 15M followers) just tweeted about Ripple!
- One last time, number of total tokens does not limit price!
- “Ripple has done a good job of convincing big institutions to use their currency,”
- The power of media coverage and why XRP has a leg up
- This is why I feel that so much speculation about the market cap is stupid!
- Bitcoin money flowing in XRP at a rapid pace
- Ripple is now ranked #1 by volume!
- Funniest video about XRP we have ever seen
- All the other crypto subs are going crazy
- Dip baby Dip!
- #6 lessons for newcomers: My 1 year XRP journey. Fundamentals, FOMO, FUD & Greed on the path to $5 and beyond.
- Information for newcomers: Understanding Ripple & XRP
- XRP will win be the final winner. Yes, Banks are behind
- The Best advice isn't always optimistic.
- Healthy correction after bull run, supported by TA
- Got tired of opening a million tabs to keep updated on cryptocurrencies so I created a personal dashboard
- Why I believe in XRP/Ripple and will continue to hold
| Daily Ripple/XRP Discussion Thread 12/30/17 [Questions and Price Predictions] Posted: 30 Dec 2017 12:14 AM PST Hello! It's Saturday. Welcome to our daily discussion thread. Put your commentary in here. Make sure to read the rules before you post: 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]  | ||
| Ripple demo on Coinbase beta site [video] Posted: 30 Dec 2017 07:12 PM PST
 | ||
| XRP is the main headline on CNBC.com, arguably the biggest name in business news in the US Posted: 30 Dec 2017 10:57 AM PST
 | ||
| Posted: 30 Dec 2017 02:16 PM PST
 | ||
| Ripple working with Visa and/or MasterCard could possibly make the coin $90-300+! Posted: 30 Dec 2017 11:25 AM PST
 | ||
| XRP: Why buying right now is a good idea. Posted: 30 Dec 2017 05:54 PM PST I will start with one word: Roadmap. Ripple has a great track record of ticking off milestones on their roadmap (a common trait with any highly succesful business). With a couple of mouseclicks, it's easy to see the amount of stuff that's coming down the pipeline for 2018 (official stuff, not speculation). If I was still buying (I'm at my bag limit), I would not hesitate with the recent dip (I've been buying since June/July, with my last purchase at US$1.25). Any newcomers who may have bought in at the top yesterday - please do not panic. Most of us around here have already experienced those white-knuckle rides so we feel for you. Well I do anyway. Just walk away for a few days and enjoy life then check back in. Or even better, pick up some discount XRP before the next run from someone who panic sells. Once again, XRP will shine 2018-2020. Enjoy the ride everyone. [link] [comments]  | ||
| Posted: 30 Dec 2017 06:53 AM PST https://xrphodor.wordpress.com/2017/12/30/xrps-trajectory-for-2018/ XRP is still the best buy in crypto: What does the shape of the future hold for XRP and Ripple? I discuss the price appreciation of XRP, along with each of the six major drivers of XRP value that I expect will take center stage in 2018. What are these six major drivers? You'll have to read to find out - let me know if you agree, or if you felt I forgot something that might be a dark horse for moving XRP price towards our $10 mark. Hope you enjoy & please leave any comments below; I'll make an effort to respond to each primary comment. Thank you & Hodor! [link] [comments]  | ||
| Posted: 30 Dec 2017 06:42 PM PST As many of you may have noticed, with the recent uprising in XRP, FUD had come out in full force. I've recently had family members and friends message me saying to sell ASAP as they heard it's a scam and don't want me to lose my money. I fully believe in the research that I have done on my own and stick by my initial investment. HODLing has never turned against me as of yet. For new people entering the space, I suggest doing immense amounts of research and coming to your own decision on your investment. [link] [comments]  | ||
| A quick message to all new investors in XRP specifically and crypto in general. Posted: 30 Dec 2017 07:58 PM PST If you do not have the stomach to hold through a correction, you will never see big gains with your investment in the world of crypto. Volatility is the norm around here, and just as quickly as prices dip, they can turn right around and leave you wondering what just happened and buying back higher than you sold it for. If you look at XRP's chart, it is the exact opposite of what a chart looks like for a pump & dump coin. It has risen, corrected, and moved sideways for a while several times now, with each upswing establishing higher highs and higher lows along the way. So, if you want to win in this game and receive the tax benefits afforded by long-term capital gains, remind yourself why you invested, ignore the FUD all over this place from salty bitcoin idealists who can't stand seeing the coin they hate so much now rise to record highs, and go live your life for the next couple years. Then come back and see what new height your faith in the team at ripple (or any other coin for that matter) has taken your investment to. [link] [comments]  | ||
| The Wall Street Journal (@WSJ - 15M followers) just tweeted about Ripple! Posted: 30 Dec 2017 07:41 AM PST
 | ||
| One last time, number of total tokens does not limit price! Posted: 30 Dec 2017 01:53 PM PST This has been explained before, but here it is again in very simple terms. What determines the price of a coin is not simply the total number of coins in existence, but the actual supply being sold and what they are selling for. For instance, diamonds are not rare, there are a bajillion diamonds in existence, enough to make them near worthless, but the cartels limit the amount of diamonds on the market at any given time, so the price stays high because demand exceeds actual market supply. Likewise, there can be 99 billion ripple in existence, but if only a small fraction of them are ever being traded at once, the price can continue to go up as demand exceeds actual market supply. Another example, there can be a million Lambo's in existence, but if only 100 are ever on the market every year, there will be heavy competition to buy one when they become available, making the price go up. People who want to buy XRP can only buy the XRP that is actually for sale. They can't buy XRP that isn't on the market. The fewer XRP being sold, the higher the price. The more being sold, the lower. Total number in existence is not the limiting factor some seem to think. So long as demand exceeds market supply, prices will rise regardless of total number of tokens in existence. So think about that before you start spouting off about market caps and number of tokens. [link] [comments]  | ||
| “Ripple has done a good job of convincing big institutions to use their currency,” Posted: 30 Dec 2017 08:28 AM PST
 | ||
| The power of media coverage and why XRP has a leg up Posted: 30 Dec 2017 02:18 PM PST First and foremost, consider me a crypto Newb that buys into hype. I don't research white sheets not do I follow anyone of importance on Twitter. I get my info from here and there. So I am in no way a crypto expert. With that said, I managed to make a profit in the last 3 weeks or so of trading. Now with this said, I have no idea what any of the coins do except Ripple and to me it sounds like the future. What I know so far is that this something that banks and PEOPLE can use to send money back and forth without the insane transfer fee's. I kind of exp the "future of banking" when I sent my cousin in another country an amount of XRP for Christmas instead of cash and she withdrew it to her exchange , then her bank account. It was pretty fast and we didn't have to pay those crazy western union fee's. The coin is has a low fee and there is plenty of it to go around. On top it seems pretty secure and there is interest in it. The market correction from yesterday was necessary IMO as more people will now buy more XRP at this attractive price. But hey, I am just a joe blow in crypto and don't have as much invested as some of you. This is my opinion and why I am going to hold (not HODL) this coin as I take it more serious. Happy new year all [link] [comments]  | ||
| This is why I feel that so much speculation about the market cap is stupid! Posted: 30 Dec 2017 04:05 PM PST
 | ||
| Bitcoin money flowing in XRP at a rapid pace Posted: 30 Dec 2017 04:27 PM PST | ||
| Ripple is now ranked #1 by volume! Posted: 30 Dec 2017 01:15 PM PST | ||
| Funniest video about XRP we have ever seen Posted: 30 Dec 2017 07:16 PM PST
 | ||
| All the other crypto subs are going crazy Posted: 30 Dec 2017 02:17 PM PST It's funny but it's pretty frustrating too. XRP was the first crypto I became interested in because of the overwhelming value I saw. I hold and have made money off others too due to my own set of rules I follow when picking which ones I like. While following the other cryptos I have held/hold I can be scared if someone brings FUD to the table and have made good and bad trading decisions in the past based on this. XRP is the only one that I don't care how much FUD I hear about it right now that I believe in and will continue to HODL until further notice. The reason for my post though is the one comment that keeps stopping me in my tracks on other subs is 'it's not even a crypto currency'. What the hell does this even mean? It's literally everywhere. [link] [comments]  | ||
| Posted: 30 Dec 2017 08:26 PM PST Did you buy into XRP at $1.20 and feel cheated? Do you feel a slight itch in between your balls? Do you feel like the world is caving in around you? Do you want to leave XRP and all your worries behind? Well, come on down to Binance where we will help you take your money. That's right, for a low low price of selling all your coins right now. We too can help you take your money. Sell, sell, and sell some more. Papa needs some more XRP for his premium steaks.....cough....cough. I mean for your steaks. Yeah, all the steaks. Think of all the steaks you can have just by hitting that sell button. Disclaimer I pulled / edited this from the SALT sub. techguy1337 [link] [comments]  | ||
| Posted: 29 Dec 2017 11:40 PM PST 6 crucial things I learned in 2017.
As I find it difficult to share this story with friends and family so I turn to this community. They either don't understand or think everything that sounds like crypto is a bubble.
Also I hope that this story might help others to avoid the mistakes I made.
TLDR: * I fundamentally believe in XRP and ~10x'ed my FIAT so far (compared to $), * Could have 15x'ed if I would have not have made emotional decisions based on greed, fomo and FUD, * Make rules for yourself and stick to them. Period, * I will buy XRP till $5, * Bitstamp is a great exchange but at some point definitely secure your holdings with some level of paranoia.
This story is about my personal journey on the XRP train. A story about fundamental analysis, FOMO (fear of missing out), FUD (fear uncertainty and doubt), my greed, emotional trading, belief in XRP and patience.
My journey started with bitcoin actually in ~ 2013. I had this friend who kept talking about this bitcoin that will change the world.
It was around $600 at the time, I told him he was crazy and it was a bubble, without even researching it I waved his words away.
The higher BTC rose, the more effort I made to tell him it was a bubble and it would crash.
At some point it did, after reaching ~1200 or so. Major crash. I was right!
In ~ 2014 I had to buy a few BTC to perform a transaction on a infamous dark web market place that is no longer.
After that, I forgot about bitcoin and crypto currencies….
Fast forward to January 2017. Crypto is on my radar again, it's still there…
I start reading and following the rapid growth of BTC until April 2017. I don't understand BTC craze. Of course, it was the first, the tech is revolutionary but there are some problems for me;
Also I found out about this 'other thing', XRP.
The more I read the more I believe in the fundamentals;
I soon figure out this crucial part:
In May 2017, XRP is 0.22 USD with a market cap of ~ 9 Billion USD.
They cannot. I figured that if banks were going to use XRP to send let's say USD 1 trillion on a daily basis XRPs unit price would need to be WAAAYY higher.
Let's Imagine 75% of the coins is being held and not actively trading. 25% of the total supply is being traded on a daily basis. For 1 trillion USD to pass through that 25% should be at least valued at 1 Trillion USD. But likely higher because everyone involved in this want a stable price.
I thought that if Ripple succeeds and banks adopt Ripple's software, it is likely that Ripple will convince banks to use XRP as well.
Betting on Ripple the company I believed that XRP was massively undervalued at .22 USD, especially in comparison with coins such as BTC, LTC and some others.
After reading up on Ripple and XRP for 2 months straight I decided to buy in for 20% of my net worth (yes, huge gamble and not recommended).
I buy Bitcoin at a local broker with a ~4% spread and send the BTC to Bitstamp. Upon arrival on Bitstamp a few hours later I realise that some of my BTC is missing. High transaction fees and a relatively big spread between the broker's price and the price on bitstamp I find out later.
I told myself to hold XRP for 5 years.
This is how my journey goes after that:
At this point I am still high in profits (could be more if I did not sell though..)
As of now I feel very happy with 10x gains on the total FIAT amount I put in. However I also feel stupid for not sticking to my plan of holding XRP for 5 years without trading. If I had stuck to my plan I would have been up 15x by now.
My new plan:
I learned some things:
Hopefully this story might be of some use.
To all /r/Ripple'ers, big thanks; especially to those answering questions from newcomers and to those keeping thus sub high quality and free of memes and other low quality posts.
Wishing everyone a great start of 2018 and happy holding! [link] [comments]  | ||
| Information for newcomers: Understanding Ripple & XRP Posted: 30 Dec 2017 06:38 AM PST Given the rapidly expanding interest in XRP and how hard it was for me to find reliable information when I first jumped into the crypto market, I felt it prudent to put together a short information package for newcomers seeking information this weekend. So without further ado, here is some of the basic information on Ripple/XRP. What is Ripple? What is XRP?Ripple is a for-profit fintech company with offices in San Francisco, New York, London, Sydney, India, Singapore and Luxembourg. The company's focus is on developing technology that facilitates fast and cheap cross-border payments. To do this, they have three (3) product offerings. XCurrentAn in-depth overview of XCurrent can be found here: https://ripple.com/files/ripple_product_overview.pdf In short, XCurrent is a messaging system that validates and exchanges the relevant transaction information. For example, if American bank A wants to send Euro to French bank B, then XCurrent will take Euro out of American bank A's nostro/vostro account, send a series of messages to French bank B, and once everything is deemed okay, the funds will be released to French bank B. An in-depth look at how this process works can be found on page 6 in the above link. What are the downfalls of XCurrent? Simple: it requires existing nostro/vostro accounts and a market maker to work, just like the current system -- which is known as SWIFT -- does. Of course XCurrent is faster, cheaper, more reliable, and more transparent than SWIFT, but it is still expensive (holding nostro/vostro accounts is costly, as are the fees charged by highly monopolistic market makers) and does not allow for real-time settlement, making it unacceptably slow in today's digital age. XRapidDetailed overviews of XRapid can be found here: https://ripple.com/files/xrp_cost_model_paper.pdf https://ripple.com/files/xrp_overview.pdf In short, XRapid is a layer that goes on top of XCurrent, and was developed to solve the problems of speed and cost. Here, the idea is that instead of parking trillions of dollars in nostro/vostro accounts, payments will be bridged with XRP, which is the digital asset Ripple created. This solves the speed problem by allowing real-time settlement, and solves the cost problem by cutting out monopolistic market makers who charge high fees. So how does it work then? Let us go back and once again assume that American bank A wants to send Euro to French bank B. Here, American bank A would take USD and use it to buy XRP via a spot trade on an exchange. They would then send the XRP to French bank B, who would convert that XRP into Euro via another spot trade on an exchange. The entire process takes only a few seconds, and only costs factions of a penny. XViaXVia is, in a nutshell, XRapid for corporations. Thus if a Corporation has lots of customers/employees/suppliers/etc. in multiple countries, using XVia allows them to close their foreign accounts, which frees up capital, reduces costs, and increases speed/efficiency. Key InformationEscrowThere are 100 billion XRP that can be used to bridge payments. Of those 100 billion, 55 billion are owned by Ripple and locked away in an escrow account. Ripple is allowed to sell a maximum of 1 billion XRP per month to institutions such as banks and corporations. If they do not sell the entire 1 billion, any remaining XRP are returned to the escrow account at the end of the month. The remaining 45 billion are currently being bought/sold/held in the market. Decentralization: Blockchain vs Distributed LedgerRipple uses a Distributed Ledger in place of a blockchain. They do this for a number of reasons:
The ledger used by Ripple leverages a series of validator nodes that verify and process transactions. Anyone can set up a validator. More information on validators and decentralization can be found here: https://ripple.com/insights/xrp-ledger-decentralizes-expansion-55-validator-nodes/ https://ripple.com/technical-faq-xrp-ledger/ As stated by Ripple, they will close down the validators they operate as more 3rd party validators come online. Thus, in time, Ripple will control no validators, making everything completely decentralized (and more decentralized than Bitcoin as the network will not be controlled by large mining consortiums). Why banks will use XRPAs noted earlier, banks can use XCurrent without XRP, but there is a strong value proposition to leveraging XRP: https://xrphodor.wordpress.com/2017/11/07/xrp-the-digital-asset-for-banks/ Because finance is mission critical with lots of regulations, XRP adoption will be gradual; but it is coming. Price VolatilitySome argue the price volatility of XRP will prevent banks from using it. However, because transitions only take a few seconds, that volatility is negligible. Moreover, banks can go through a third party market maker that takes on the volatility risk. In these cases, the market maker will generate their profits from swings in the price of XRP. Because the long-term trend of XRP is up, they will make more money on the price swings than they will lose. Moreover, market makers will not be able to charge insane fees like they do today. This is because the barrier to entry for market makes under Ripple is significantly lower than it is for market makers under the SWIFT system, thus eliminating fees (or at the very least, drastically reducing them) as it will nearly impossible to establish a monopoly. To put it another way, if more companies are able to act as market makers, then the increased supply will drive down the cost of using market making services. I hope this provides a very short and helpful introduction to Ripple and XRP. We're all glad you have taken an interest in our community, and look forward to having you along for the ride. [link] [comments]  | ||
| XRP will win be the final winner. Yes, Banks are behind Posted: 30 Dec 2017 07:32 AM PST 'Big banks and funds getting into crypto'
CEO: "It's time to get into crypto, the total USD in circulation is surely big, but this crypto-currency thing is getting interesting, they are close to $1T market cap. It's time to get into this thing"
Bob: "Sure, we can buy some Bitcoin!"
CEO: "Who's behind ?"
Bob: "We don't know, peoples says it belongs to the people"
CEO: "Nhe, what's else ?"
Bob: "Ethereum, it's getting widely used! Build by Vitalik Buterin, 23 years old a russia.."
CEO: "Nhe, next"
Bob: "hmm Ripple? They have partnership with: Accenture, Deloitte, UBS, Royal Bank of Canada, Western Union, Mitsubishi UFJ Financial Group, ..."
CEO: "Yes, I like that, make a few calls, learn why they choosed this crypto-currency, here is a billion to play with"
Bob: "But bitcoin.. or bitcoin cash, or .. those allow people to exchange money, and buy stuff easily! Tomorrow everyone will use bitcoin, people trust in it!"
CEO: "son.. what is the % of your monthly budget, that you use to buy and sell things directly to your friends, family? Close to nothing. Because you must pay your electricity, car debt, food, clothes and activities to a company and not to people."
Companies must be registered, they have an office, they are easily trackable.. Yes, it will evolve to a digital world.
But until governments ground and announce their regulations, companies won't be able to massively accept coins as paiements; XRP is an incredible tool for the banking system, it was designed for it. Banks are having a taste and they seams to enjoy it.
The blockchain technology will be widely adopted, and only the coins which rely on the features offered by the blockchain technology will remains. [link] [comments]  | ||
| The Best advice isn't always optimistic. Posted: 30 Dec 2017 08:03 PM PST The other night when XRP was 2.30+, I was sifting through all the high-fives and moon talk on this sub. Read a comment that basically said "Sell, take your gains. There is going to be a dip/correction and XRP will dip down to $1.70 or 160." Although "Buy low, sell high" is obvious, I had been in a straight HODL mindset. Thank you kind Redditor for pushing me into being less passive. Sold right after reading your post, waited until XRP hit $1.70 today and bought a bunch back, capitalizing on the 25%+ swing. TLDR: hodling is great, but don't sit too idle or you'll miss out on opportunities to bolster your XRP stash. [link] [comments]  | ||
| Healthy correction after bull run, supported by TA Posted: 30 Dec 2017 07:35 PM PST
 | ||
| Posted: 30 Dec 2017 07:53 PM PST
 | ||
| Why I believe in XRP/Ripple and will continue to hold Posted: 30 Dec 2017 07:25 PM PST Why I believe in XRP/Ripple and will continue to hold: 1.) It is the only centralized coin in a sea of coins screeching about decentralization. No one actually gives a damn about decentralization but criminals and neckbeards. It's important to remember that FIAT institutions are still very, very powerful. 2.) It maintains value when other cryptos are down - prior to this recent surge we've seen with XRP, it was constantly hanging around .90 - 1.10 even when BTC and others were swinging downward. My guess is when the markets turn bullish XRP will be a real winner. 3.) It will likely be the next Coinbase addition. It's the second-biggest coin, even after this downturn. The pressure for Coinbase to add it must be immense, with all the transaction fees they've already missed out on. And with XRP being so small per unit, the number of transactions made is going to be far higher due to day traders, etc. 4.) The creators know what they are doing. YES - they hold more than half of all XRP, but if they invest that back into R&D to improve on and market Ripple, we ALL stand to gain long-term from their efforts. This is probably the most double-edged of these reasons, and I totally understand the worry. But everything comes with a gamble. Short post. Just my thoughts. [link] [comments]  |
![Ripple demo on Coinbase beta site [video]](https://b.thumbs.redditmedia.com/EAZZc3RV_qOxCWoaqgVKnk3qp-XecRO-gz1VqzOnBtg.jpg "Ripple demo on Coinbase beta site [video]")
![[link]](https://i.redd.it/7dzyciw1x3701.jpg){kind=link}
| You are subscribed to email updates from Ripple. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment