• Breaking News

    Wednesday, January 3, 2018

    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 01/03/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 01/03/18 [Questions and Price Predictions]

    January 03, 2018

    Ripple Daily Ripple/XRP Discussion Thread 01/03/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 01/03/18 [Questions and Price Predictions]

    Posted: 03 Jan 2018 12:13 AM PST

    Hello! It's Wednesday. 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

    Telegram

    Discord, and some features in our Discord:

    • Tweets from ripple official, staff, community contributors and many more;

    • Ripple Employees available to chat

    • Multi-language chat rooms for Ripple supporters all over the world

    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.

    submitted by /u/AutoModerator
    [link] [comments]

    Ripple Hit $3.00! (Global Average)

    Posted: 03 Jan 2018 09:45 AM PST

    ripple is literally the best thing that has happened in my life so far

    Posted: 03 Jan 2018 12:41 PM PST

    i come from a pretty messed up family situation and havn't had the most wonderful life so far (im 18). I read about ripple when it was around 70 cents and perhaps stupidly i just went all in with all of the money i saved up which got me around 1400 ripples and seeing the price now makes me so happy i can't believe it.i love you all

    submitted by /u/mcpickems
    [link] [comments]

    We Need To Hodl Our Horses

    Posted: 03 Jan 2018 02:07 PM PST

    One of the things I love about this sub is that it's full of rational human beings who are capable of critical thought. It's not a raving circle jerk.

    But I am starting to see it get a little carried away, like many of the other subs out there, in downvoting dissenters and aggressively combatting any perceived FUD.

    There were posts last week strongly urging the community to resist the temptation to silence dissent, in hopes that we avoid tunnel vision and rampant hostility to varying perspectives.

    I'd like to just reiterate that. We need to do better at keeping the following things in mind:

    • Ripple has a strong team, and there are many, many reasons to believe in the future of XRP. But none of us really knows the future for sure. Our confidence is borne of belief and research, but none of us has a crystal ball.

    • There are many different types of people here - and a wide range of net worths and situations. For some people, a long term hodl makes sense, but there are others who have debts to pay or expenses to manage. When someone considers taking profits out of XRP to pay off real life obligations or set aside an emergency fund, we really need to keep our perspective and be supportive.

    • Luckily this sub isn't full of lambo/moon posts, but that's a good thing and it needs to stay that way. The faster money comes into a highly speculative investment, the faster it can come out, so all of us are better served by a slow methodical rise. A healthy amount of hype is good - important in fact - but too much hype can create the kind of volatility that can erode long term confidence, which is the key to long term gains.

    • All cryptocurrencies are highly speculative, this one included. None of us really knows for sure who the long term victors will be. Let us be an example to the crypto community, by continuing to support multiple view points, and cheering on the gains and successes of our peers, regardless of where they come from. This is not a zero sum game.

    • Let's focus on using this this subreddit mainly to educate, discuss, and assist - not to celebrate our paper profits. Those of us who believe in this plan to be here for a long time, so the day to day fluctuations of the market matter less and less the further out you look. i.e. what XRP is worth in 2019, not Friday

    • Positivity goes such a long way. When the hardcore XRP FUD squad spreads their bile, be humble and kind. They are no threat to us. Educate them, and hopefully we can all make money together.

    Happy investing and good luck! To us all!

    submitted by /u/brent12345
    [link] [comments]

    Coinsquare CEO announces they are adding Ripple (5:30 mark)

    Posted: 03 Jan 2018 03:21 AM PST

    ripple is literally the worst thing that has happened in my life so far

    Posted: 03 Jan 2018 09:20 PM PST

    Be me. Commercial fishing in AK for the annual Salmon run. Make lots of money. Like, A LOT. but the work sucks. deadliest catch with no crabs. then come home and learn about this ripple and ethereum stuff. do LOTS of research. throw almost all my hard earned at ripple. now these gains are making my head spin. I can't sleep. I close my eyes and see flashes of green and red. I don't eat much anymore. Saw a slice of pizza today and thought "hmm, thats a bull flag". patterns everywhere. the street sign that says "watch for dip" gives me a panic attack. so i no longer drive. can't go outside at night. looking at the moon gives me a boner. I think more ripple will help.

    submitted by /u/Jrw11bravo
    [link] [comments]

    Royal bank of Canada says that cryptomarket could reach $10T. If XRP stays at ~16% of the current cap and at the current supply then that puts one XRP at $42.55 But I really do beleive that XRP is on its way to the #1 spot. Thoughts?

    Posted: 03 Jan 2018 01:29 PM PST

    Buy XRP & Sleep Well At Night

    Posted: 03 Jan 2018 05:58 AM PST

    https://xrphodor.wordpress.com/2018/01/03/buy-xrp-sleep-well-at-night/

    Do you want a simple survival guide for new crytpo investors? Buy XRP and forget it.

    In this latest blog entry, I discuss the market re-ordering of crypto, and then stop to look at the latest wallet statistics to benchmark the beginning of 2018 for XRP investors. In addition, I cover the latest rumor about "very large purchases" that is making its way across social media.

    Hope you enjoy the read & please leave any feedback below.

    • Hodor!
    submitted by /u/Hodor7777
    [link] [comments]

    REUTERS: "Bitcoin may be king, but Ripple dark horse in crypto race"

    Posted: 03 Jan 2018 11:13 AM PST

    This bullish trend is coming from South Korea from the last 24hr (data from coinmarketcap)

    Posted: 03 Jan 2018 06:34 PM PST

    Ripple Climbs Past $3, Hits All-New High

    Posted: 03 Jan 2018 10:04 AM PST

    More beautiful publicity!

    Posted: 03 Jan 2018 03:31 PM PST

    XRP overtaking Bitcoin would be epic

    Posted: 03 Jan 2018 09:49 AM PST

    December taught me a very expensive lesson. Just bought my HODL mobile and I'm strapped in for long haul.

    Posted: 03 Jan 2018 07:27 PM PST

    Impressed by the Ripple Community

    Posted: 03 Jan 2018 02:18 PM PST

    Just wanted to give a thumbs up to all the members out there spreading positivity and talking about how ripple will succeed because of its own merits and not because every other crypto is worse.

    I haven't been involved in crypto for very long but I've already grown tired of all the vitriol. It's ironic how people who don't fully understand bitcoin criticize it but then bitcoiners do the same thing with ripple/XRP.

    There's even more negativity towards ripple now that it's surpassed ethereum for the #2 spot, especially from bitcoiners. However, ripple is playing a completely different role than bitcoin.

    Even though my portfolio is 80%+ BTC and the rest XRP and I hope to see both do well.

    submitted by /u/AABCDS
    [link] [comments]

    BBVA bank responds to Ripple leak controversy

    Posted: 03 Jan 2018 04:19 PM PST

    $3 on Bitstamp!

    Posted: 03 Jan 2018 06:36 PM PST

    In honor of today's price, I bought the wonderful domain http://ripple.lol - Enjoy.

    Posted: 03 Jan 2018 05:23 PM PST

    Why not to sell XRP now

    Posted: 03 Jan 2018 10:34 AM PST

    Looking at other coins FOMO hits us now and then. Now with XRP around $2.80 our hands might start itching to sell and move funds to other coins. As such I like to remind myself that moving funds might not be the best idea now because:

    • 2 household names not released yet

    • Q4 report coming up

    • A lot of people waiting on their verification at Bitstamp for example

    • Most FOMO inducing coins don't have a working product

    • New exchanges

    Please add. I'm feeling weak.

    submitted by /u/L0wD0g
    [link] [comments]

    It's rocket! 1/2 of Bitcoin market cap!

    Posted: 03 Jan 2018 12:34 PM PST

    Using XRP can save up to whole 99% liquidity costs to banks. Now tell me again that banks will not use XRP!

    Posted: 03 Jan 2018 05:16 PM PST

    Liquidity: Since using XRP does not require multiple nostro accounts, redundant liquidity costs are collapsed into a single XRP account. Compared to using Ripple without XRP, using Ripple and XRP eliminates up to one additional day of funding for nostro accounts, saving up to 99% of related liquidity costs, as long as the bank has access to an RTGS system and XRP exchange that can support the necessary size of payment obligations. The bank would hold enough XRP on its balance sheet to handle its largest payment and could top up as needed from real-time exchanges.

    You can read the XRP cost model paper here: https://ripple.com/files/xrp_cost_model_paper.pdf

    submitted by /u/Panosmek
    [link] [comments]

    The Coinbase equivilant For Arabian gulf Already Confirmed Adding Ripple

    Posted: 03 Jan 2018 06:58 PM PST

    The arabian gulf are enthusiast with cryptocurrency recently and also there were a recent blockchain experiment going on at dubai central banks

    https://www.coindesk.com/saudi-uae-central-banks-team-test-cryptocurrency/

    Meanwhile the biggest bitcoin purchase exchange in the middle east announced they will add ripple

    http://www.newsbtc.com/2018/01/03/bitoasis-will-list-xrp-near-future/

    submitted by /u/skilled185
    [link] [comments]

    Buying crypto (especially XRP) fast. A review of 20 services for US residents.

    Posted: 03 Jan 2018 06:26 PM PST

    Like a lot of people, I thought I could get online and buy some cryptocurrency with a debit card or bank transfer and start trading within a few hours. So much for that plan! It's not like it's 2018 or anything :-)

    The purpose of this guide is to shed some light on the best ways to purchase crypto coins with US dollars, especially newer ones that aren't offered as commonly as BTC or ETH. At the end of this little experiment, each service will have some notes along with the amount of time it takes between sign up and the date at which fiat deposits can occur. We've all read a lot of articles about how to easily buy bitcoin, and maybe even a few about buying XRP, but none of them cover more than a couple of payment methods and weight the pros and cons of each service.

    Hopefully this list will save you some time when choosing exchange services. I spent over two full days filling out forms, setting up security, and jumping through all the hoops to get rolling on so many sites.

    I am specifically rating each site based on a US resident's perspective. Although the process is still far from instant, Europeans seem to have an easier time depositing money than their US cousins. That's not my area of expertise, so perhaps a world-finance expert can chime in and explain why that is :-)

    The services listed here were found during my research, and I also went through the list of exchanges provided by on the Ripple website.

    I started most of these registrations on December 26th 2017, although a few of them were on the 27th or 28th. At the rate things are going, this experiment may take a month or two to complete.

    If you suggest another service that I may have overlooked, shoot me a message and I'll give it a try. Also, I'm quite aware that I may have inadvertently provided some incorrect information, so if you see any mistakes or want to add any comments, I have no problems admitting a mistake and fixing the list to reflect it.

     

     

    • Coinbase - I was able to deposit $750 via debit card then it shut me out until I can verify via photo ID. It took me several days to transfer the ETH I bought to Binance where I could exchange it for XRP because it would only let me transfer small amounts and kept saying each transfer would take 72 hours due to verification purposes. It won't accept my passport, military ID or drivers license. I think the drivers license isn't being accepted because it's a New Mexico license which is slightly different than most states. Supposedly the new New Mexico license is more standard, so I went to the DMV and orered a new one, but that will take a couple of months to show up. Until that happens, coinbase is of no use to me. [Awaiting NM ID]
       
    • Kraken - I reached level 2 after 4 days, which is the fastest tier 2 verification of all the services. At level 2 I still can't deposit USD (EUR only) so it is of no use to me yet. The site is crashing and slow. For Europeans, this would probably be a good option. [Pending tier 3 verification]
       
    • Livecoin.net - This site is Russian. It requires the use of third party in-between entities such as Capitalist, Advcash, and Qiwi in order to transfer money. Qiwi is Russian and chokes when putting in phone number. The other two methods have websites that are all in Russian so I didn't try them. [Unable to proceed]
       
    • Coincheck - This site is Japanese. After submitting docs and waiting for verification, my application was rejected because my country of residence isn't Japan. [Unable to proceed]
       
    • Qryptos - [Pending verification]
       
    • Abra android app - Only takes bank transfer or american express. Supposedly bank transfers take 1-2 days. You can buy BTC or ETH, however you currently CANNOT send ETH to another wallet - therefore you can't use it to buy XRP or anything else - it's either stuck in ETH, or you have to buy BTC and pay huge conversion fees and wait in long queues. [Unwilling to proceed]
       
    • Xcoins.io - Accepts paypal or credit card but WAAAAY TOO EXPENSIVE. You would have to be really schnockered to fall for this. [Unwilling to proceed]
       
    • Bx.in.th - Only works in Thailand. [Unable to proceed]
       
    • Vip.bitcoin.co.id - I tried signing up, but it won't send me an SMS to verify (probably because of my US phone carrier). Much of the site uses a foreign language that I don't recognize. [Unable to proceed]
       
    • Exchange.gemini.com - Allows bank transfer which are estimated to take 4-5 days. [Pending verification]
       
    • Localethereum.com - This is a trading site. I contacted a couple of sellers but I was ignored. It supports a lot of different payment methods, but you have to find someone willing to trade the amount you want using a payment method you both can agree on. [Perhaps I will try again later]
       
    • Bisq - This is a peer-to-peer trading Windows/Mac/Linux java application. I installed it and connected, but there were only a few sellers and only for bitcoin. [It's a ghost town]
       
    • Binance - nice site and great for trading, but there is no way to use USD or any other fiat currency. I am currently using this for trading because it has so many cryptocurrencies available. [Cannot accept deposits]
       
    • Cobinhood - Nice looking site and supposedly there are no service fees. My level 1 verification went through after a couple of days. I'm still waiting on levels 2 and 3. I read that some people have been waiting for more than 3 weeks for level 2. Level 1 and 2 are completely useless for depositing fiat currencies. [Pending verification]
       
    • Bitstamp - Debit card is not available for US Residents. International banks and Astropay might be possible, but using them requires verification. [Pending verification]
       
    • Gatehub.net - Can trade XRP directly. [Verification pending]
       
    • Btcmarkets.net - Requires verification for deposit. The only cash deposit method is in australian dollars via POLi. [Unable to proceed]  
    • Korbit.co.cr - They won't verify a non-korean phone number. [Unable to proceed]
       
    • Wirex.com - Not available in the US. I think it might be bitcoin only. [Unable to proceed]
       
    • Changely.com - Visa and Mastercard are accepted. Trying to buy anything other than BTC is an insane 30% to 40% over the current market value. The BTC exchange rate is decent, but of course the BTC network fees are through the roof. I see no point in investigating this service any further. [Unwilling to proceed]
       
    • Coinmama - I registered, but the site soon informed me "We do not currently offer our services in your area". Score one more point for the Europeans. [Unable to proceed]
       
    • Gate.io - Supports a zillion different coins. I'm not sure if there is a way to buy anything in USD yet. ** [Waiting for more info]**
       
    • Poloniex - Supports quite a few coins, clean site. I haven't found a way to deposit USD, so I'm not sure if this is an exchange only. [Waiting for more info and verification]
       
    • Evercoin - Pretty cool because you don't even need an account to exchange different cryptocurrencies. However, it is an exchange only so there is no way to deposit US dollars. [Cannot accept deposits]
    submitted by /u/Ph0t0n222
    [link] [comments]

    What should XRP's Price Actually Be? Why It's Still Cheap to Buy Now.

    Posted: 03 Jan 2018 11:24 AM PST

    This post is intended for all those predicting what XRP price can and should be. I'm well aware that the crypto market is extremely volatile and prone to rash and emotional decision-making. However, this price discussion is an explanation of what XRP's price should be given the use case it's trying to solve. At the end of this post I'll talk about what the volatility of the market could mean for this price.

    1. What is Ripple trying to Solve? Before we can get into what the price of XRP should be we have to first understand the scope of the problem. In a nutshell, Ripple is trying to make international transfers of money faster, more efficient, and cheaper. "Transfers" is a two-part process that includes payment and settlement. /u/thekiyote has provided a great explanation of the difference between payment and settlement here. In short, RippleNet makes payments faster, and the additional use of XRP makes settlement faster.
    2. Great, but what's stopping a bank from just using RippleNet? This subreddit has been filled with announcements of banking partnerships. However, does that actually mean XRP will be used by the banks? David Schwartz, quelled any concerns here: "Once a partner is using RippleNet, there is no technical obstacle to them using XRP to settle and get the speed/cost benefits. So the more banking partnerships, the more payments and the more payment corridors that can switch to faster, cheaper settlement with XRP the instant the liquidity is available." Thus we can make the assumption that in the long-term, banks that partner with Ripple will not only use RippleNet, but also XRP for fast settlements as well.
    3. Ok, but how often are international transfers settled? So now we know it's in the banks' best interest to use XRP. However, going back to the first question we have to see how this relates to the scope of the problem. If we know how much money is actually being transferred per day by banks, we can use that figure to get closer to an estimate of what XRP's price should be. CHIPS, the Clearing House Interbank Payments System, is a company that provides its member banks a service for settling large transactions. In 2015 it was settling $1.5 trillion a day. Keep in mind, this network is primarily used for US payments and also doesn't have a complete dominance of the market share (though it is close). With that being said we can take $1.5 trillion as an absolute lower bound for how much money is being settled internationally on a daily basis.
    4. Ok, that's a lot of money being settled a day, but what does that mean for the price of XRP? Great, so let's assume that XRP's circulating supply is at its max of 100bil by the time Ripple has dominated the market for the settlement of international transfers. In order to provide the liquidity needed to settle $1.5 trillion, XRP would need to be priced such that that amount of money can be settled. In other words, let's divide $1.5 trillion by 100 billion which gives us $15 per XRP token.
    5. $15 per token? But what about the market cap? It's true that if XRP was $15 per token, the market cap would be about $1.5 trillion. However, ask yourselves: why is that an issue? CHIPS is currently settling $1.5 trillion a day which means it's very well possible to get that amount of money moved around per day. Could it be even higher? Yes, it very well could be for numerous reasons. For one, $1.5 trillion was a huge underestimate of how much money is actually being settled across international borders. Not only does this figure include only one clearing house, it also doesn't factor in the possibility of companies (such as Uber and Amazon) that could be potentially interested in cross-border transfers. Furthemore, if settlement becomes faster (which it will be thanks to XRP) think about what that will do in terms of increasing the rate at which more money is moved internationally? When people realize money can be sent to foreign bank accounts in seconds, that will incentivize people to send even more payments, increasing the daily volume of international transfers. Long story short, there is a massive market cap for the settlement of international transfers, and $1.5 trillion is an extremely conservative estimate. Just going to a $5 trillion market cap would take the price of XRP to $50.
    6. What about the volatility of the crypto market? Now this is where things go a bit haywire. While $15 is what I believe to be what XRP should at the very least, it doesn't factor in the emotional decision-making that happens in this market. New people looking to invest look mainly at price-per-token as well the 'rank' of the token. XRP is one of the cheapest top ten tokens so it is primed to be pumped by new investors. What's more is that if XRP is added to Coinbase that provides an even easier avenue for new investors to poor money into the coin. This, combined with the promise of multiple announcements including "two household names" is priming XRP to rise way past $15. However, I ultimately thing that will correct down to a price closer to the market cap I talked about earlier.

    Thanks for reading, leave comments and thoughts below. Also, please let me know if there appears to be any lapse in the reasoning, I'm by no means an expert, just very interested in Ripple and still learning a lot every day.

    submitted by /u/Realness100
    [link] [comments]

    Ripple's Outlook in 2018

    Posted: 03 Jan 2018 10:27 AM PST

    Considering the phenomenal rise in Ripple's price so far, some may speculate that this ship is coming to a stop. However, this is just the beginning. As we embark on the year of 2018, many of us may regret our decisions in the past year. For instance, one may regret not buying Bitcoin or for that matter any coin last year. Unfortunately, we can't relive the past, so let's face the future.

    This year is the year of altcoins. Especially, those that deal with banks and transactions. Consequently, Ripple has a very bright future ahead. I'm not going to get technical with the reasoning behind my claim, but here are a few simple ones:

    1. As mentioned earlier, Ripple deals with banks - a lot of them. History has shown us that bankers are greedy. They want money. Hence, we can conclude that they won't invest in something unless it will be profitable.

    2. If you know the basic laws of Economics, it is apparent that Ripple is still growing. It is the basic law of supply and demand. By analyzing the circulation in Ripple's market along with its candles, it is obvious that demand > supply (aka. people willing to sell).

    3. Ripple's team is working with major exchanges to make this coin more accessible to people. More specifically, it is believed that one of these exchanges will be Coinbase which takes me to the next point.

    4. Since Coinbase is mainly used by people who are new to the world of Crypto, many of its users think of it as another "stock exchange". Thus, they do not know about the technical aspects and simply buy. These will be your everyday moms and dads category.

    5. Ripple has a huge market in Asia - especially in Korea. This indicates that Ripple is still growing since its market will soon spread to regions such as: the Middle East and Europe (I know many people know about it in these regions, but the majority of them don't).

    6. Last but not least, the idea of Cryptocurrency is still unfamiliar to the majority of people. Let's take the U.S. for example. Let's say hypothetically that 50% of the population know about Crypto (I believe in reality it is ~10%). That means that there is market for the other 50% who don't know about it. Thanks to our wonderful social media, TV, and news outlets, our everyday moms and dads are learning about Crypto at an exponential rate. Hence, all the coins/tokens will go up, but Ripple will certainly supersede the giants.

    Thanks for reading. Let me know what you think.

    -HM

    submitted by /u/hmt1376
    [link] [comments]

    The fastest and lowest-cost route to purchasing XRP in the US

    Posted: 03 Jan 2018 08:31 PM PST

    1. Create accounts on Coinbase, GDAX, and Binance (verification on Binance ~5 mins for me)

    2. Log-in to Coinbase and purchase LTC.

    3. Log-in to GDAX and deposit LTC from your Coinbase account (instant transfer + zero fees)

    4. Withdraw LTC from your GDAX account into Binance via your Binance LTC address.

    5. On Binance, exchange your LTC for BTC/ETH

    6. Exchange your BTC or ETH for XRP.

    Note: You can skip step 5 by purchasing BTC/ETH on coinbase in the first place, I just can't vouch for how long it takes.

    EDIT: You can also skip the Coinbase entirely if you don't mind waiting a week for your Bank deposit to clear. Use Coinbase if you want to buy instantly with your credit card.

    submitted by /u/croznugs
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment