• Breaking News

    Thursday, February 1, 2018

    Home Unlabelled Ripple Daily Ripple/XRP Discussion Thread 02/01/18 [Questions and Price Predictions]

    Ripple Daily Ripple/XRP Discussion Thread 02/01/18 [Questions and Price Predictions]

    February 01, 2018

    Ripple Daily Ripple/XRP Discussion Thread 02/01/18 [Questions and Price Predictions]

    Daily Ripple/XRP Discussion Thread 02/01/18 [Questions and Price Predictions]

    Posted: 01 Feb 2018 12:13 AM PST

    Hello! It's Thursday. 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, or pm /u/Bonkill to appeal a moderator action or if you discover any issues/mods overstepping their roles.

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

    The look of uncertainty at the end is me today.

    Posted: 01 Feb 2018 07:15 PM PST

    Who else has been holding way before the bull run and all the way through this fat dump???

    Posted: 01 Feb 2018 08:52 AM PST

    I gotta admit, looking back I kinda wish I sold at 3.75. However, from the very beginning this planned on being a long term investment, mainly for tax purposes and because I believe in the tech.

    I truly believe it will surpass its ATH. Whether that be next week or next year we all just need to be patient and realize how young this market really is. I'm only going to say this once, HODL my friends.

    Btw, got in at .20 and .27

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

    As we weather this crash remember the reasons why you should hold this coin.

    Posted: 01 Feb 2018 07:41 AM PST

    Of all the coins in the crypto market crashing today how many can boast a real use case, large partnerships and the ability to pass through regulations unscathed.

    XRP may be going down temporarily but when you look at the bigger picture it is a currency destined to be successful in the long run.

    Look at altcoins like Tronix and Verge with very few use cases, unprofessional representatives doing webcam discussions from hotel rooms and almost nothing in the way of partnerships and then look at XRP; partnerships with some of the biggest names in international money transfering and banking, a clear defined use case that has been proven to work and a full team of experienced forward thinking directors and representatives working day in and out to push XRP forward. Which of the coins mentioned above is most likely to succeed? I know who I would put my money on (in fact I have).

    The main issue we have at the moment is that XRP is heavily tied to BTC and until we break away as a stand alone currency we will sadly have to endure this sort of volatility. That said we are definitely heading in the right direction for example the SBI announcement earlier in the week which I am pretty certain is the first of many.

    Yes it is sad to see your portfolio shrink especially if you are not a day trader. Hold strong though, XRP has one of the strongest foundations of any cryptocurrency, I think long term it would be hard for it to fail.

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

    Weak Hands : IT'S YOUR TIME TO SHINE!

    Posted: 01 Feb 2018 12:50 PM PST

    How low can it go? Frankly, nobody knows. It can go low at a point you really gonna ask yourself : should I sell? So here's a tip for all of you about to panic sell : you don't have dollars anymore or whatever is your national currency.

    You own XRP. Why does this matter? Well let's say you got 10 000 XRP, which is a pretty fair amount : this is what you own. No matter if the price go up and down, it's not gonna change!

    So...do you think those 10 000 has value? Do you think one day they gonna worth a lot? Did you get them because you believe in the project and the news lately are very good for Ripple. If "NO", just sell...and sorry you might already lose a lot of dollars. It is your time to shine and prove to all of us this market needs to get rid of people who are here to get rich overnight.

    For others, remember this : when XRP gonna start to be use in transactions, this is gonna be crazy and you gonna be happy to own them, even if it was a long road with a lot of up and downs.

    Stop thinking about how much you lose...focus on what you own and believe in its value!

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

    Woori and Shinhan Decide to Extend Ripple Tests to the 14th of February (EXCITING NEWS, translation in comments)

    Posted: 01 Feb 2018 09:41 AM PST

    You guys..go ahead and sell. I am going to continue to HODL!

    Posted: 01 Feb 2018 07:23 PM PST

    WebMoney adds new XRP.ECU instrument on INDX Exchange

    Posted: 01 Feb 2018 07:30 PM PST

    Ripple/XRP from the perspective of a banker

    Posted: 01 Feb 2018 10:54 AM PST

    First things first: I live in Europe and I work as a private banker for one of the largest banks in the world. I know the ins and outs of the world of private banking and wealth management. With this thread, I'll try to shed some light onto the possible usability of Ripple/XRP out of my perspective. There is a possibility that I won't tell you anything that you didn't already know. You also might have a different opinion about what I have to say. The goal of this post is neither to hype or to bad-mouth Ripple/XRP. This thread just sums up my train of thoughts.

    Status Quo
    The current state of international payments is a mess. You wouldn't believe just how much manual labor is involved in international payments.

    • Depending on which country the clients want to send their funds, there are different "cut-off-times" which means that in the worst case, the client has to wait an extra 24 hours until their payment will be initiated.
    • The lack of a standard is astonishing: In Europe, SWIFT works rather good, you are able to send funds and they appear in the account of the beneficiary on the same day. The US (as far as I know) use a different System (ABA/Routing-Nr. etc.). Payments from Europe to the US or vice versa take at least 2 business days.
    • An international payment first gets rooted to an intermediary bank, which then contacts the bank of the beneficiary. There is no direct communication between the sending and receiving bank.
    • The upkeep of this system generates costs. There are wages to be paid. We as clients bear those costs.
    • If a legitimate institution is unable to assign the funds, they have to contact the intermediary bank which in turn contacts us again to verify the sending instructions. This whole process can take up 2 weeks easily.
    • In case the beneficiary bank is unable to assign the receiving funds to the ultimate beneficiary, it can happen that the funds just disappear aka the receiving bank doesn't send the funds back to the sender (depends on the legitimacy of the receiving bank) and our clients lose their money. This happens very rarely, but nevertheless it happens.

    Current challenges

    • A lot of manual work and time is involved in our today's payment systems around the world which costs A LOT.
    • The global payment system has normal operating hours (cut-off-times, Monday-Friday). I bet that in 10 years time we wonder about the fact that we were unable to do international payments on the weekend 10 years ago.
    • The certainty of international payments is somewhat weak. I see the reason for this point in the fact that humans are involved in veryfing transactions.

    The many advantages for a financial institution to use Ripple's technology and XRP
    Now as you probably know, Ripple offers a lot of perfectly viable solutions for the above mentioned challenges. Fast, cheap, neraly instant transactions without any human involvement for verification. I'm sure that the blockchain technology, and in this use-case Ripple as a front-runner, offer a huge competitive advantage for international financial institutions. All it takes is one major player to actually use this technology and thus significantly speed up its transactions and lower its cost-base. The moment the adaption of this new technology is visible in the balance sheet and thus in the share price of said institution, the competitors will be forced to also adapt.

    To summarize, I deeply believe that Ripple's technology has the potential to change the global payment system as we now it for good and for the better. But now comes the not so good-sounding part:

    My doubts about holding XRP as an individual
    The target group for Ripple/XRP are financial institutions. The benefits of using this technology should be plausible for those institutions. But I'm left with several thoughts and questions to which I don't find a answer:

    • The participating institutions get their XRP out of escrow if (and that's a big if) they actually use XRP. So this potential major pro-rata increase in demand won't affect XRP-prices on the exchanges where we buy/sell XRP since the institutions get their XRP directly from Ripple. And if they actually should affect prices as seen on the various exchanges, it's just pure speculation (news hype). The XRP in the financial system would be isolated and would have another valuation (since out of escrow) than the XRP we as individuals buy on exchanges. And no financial institution is ever going to sell a part of their XRP on exchanges for individuals since it would be possibly illegal and last but not least XRP mainly serves as a working instrument for them.
    • What is my actual advantage and my direct benefit of holding XRP as an individual? As long as those financial institutions don't accept my XRP in return for fiat currency directly, I'm bound to use exchanges. My guess is, that most XRP-Holders treat XRP more like a stock. They hope that increasing adaptation will increase the price. I don't see this correlation at all, see point above.
    • One more major barrier I see for the adaptation of Ripple's technology and XRP: I know for a fact that a traditional financial institution will almost never, ever "outsource" or rely their payment system to/on a third party. They want to be in on it from the ground up. The reputational risks are just too high. In my opinion, it is much more likely that financial institutions will build their own distributed ledger-networks (as an example, read up on the Corda/R3 project: https://en.wikipedia.org/wiki/R3_(company)

    Those are just my 2 cents and every counter-argument is highly welcome!

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

    Can anyone explain the benefit of owning XRP as an individual?

    Posted: 01 Feb 2018 04:28 PM PST

    I understand there is a finite supply of XRP, and companies buy from Ripple directly. This leaves me with a few questions.

    Does this mean when companies buy XRP from Ripple, this is independent of the free market in which we as individuals buy/sell XRP?

    If so, can we expect the price of XRP to be driven by anything other than speculation by individuals?

    What happens when the XRP in escrow has run out and more companies would like to adopt the technology? Would they need to buy from the free market and create big demand/price spikes? Or will new tokens be created leaving XRP redundant and demand will drop?

    Thanks

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

    Data443 just added Ripple validators

    Posted: 01 Feb 2018 07:20 AM PST

    BitGo to Become First Independent Qualified Custodial Offering for Bitcoin, Ripple, Ethereum, and More (explanation in comments)

    Posted: 01 Feb 2018 10:59 AM PST

    Simple question

    Posted: 01 Feb 2018 06:32 PM PST

    If I buy XRP or litecoin directly with fiat through an exchange like btcmarkets or CoinJar or whatever, how is it "tethered" to btc?

    I'm struggling to wrap my head around how this works and how it might change to eth or whatever other tether, even how it would work with the new Japanese exchange being talked about recently

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

    Help me understand something..

    Posted: 01 Feb 2018 08:24 AM PST

    While I'm a early crypto investor and I'm still trying to learn the ropes a bit, I feel like I'm missing something with XRP prices.

    If I understand it, XRP is supposed to be a (semi) decentralized network focused on quick, nearly floatless transfer of money. Ripple is separate from the XRP network but is currently holding $60 billion of XRP and is slowly releasing escrow of it on a 'use basis' into the current $39b billion that's circulating.

    If XRP is meant to be used as a transfer of money, and as more and more financial and corporate institutions join, a few macro questions pop up:

    • Wouldn't it be absolutely critical that the price of XRP, the medium of exchange, remain as stable as possible? Swings of even 5% could be catastrophic to one of the players.

    • This is because the root of the idea of using XRP as a faster means of funds transfer is to eliminate variance/volatility caused by float, transaction fees, currency exchange differences, etc. Thus volatility in the price of XRP itself defeats this primary objective.

    • This is most likely a huge reason for the slow release of XRP from Ripple, not to crash the market per se, but to control it so that it is a stable as possible?

    • If this is true, then buying and holding (or hodling, whatever you prefer) as an investment is foolish because for XRP to succeed, the price has to remain the constant and the same. It would only serve as a payments system.

    • Alternatively, if seen from a different viewpoint, wouldn't XRP take the place as a Tether, whose primary object may be different, but fundamentally operates the same?

    This is how I've internalized XRP. I'd like to see if my observations are incorrect, or hear different viewpoints. Thanks.

    EDIT: Either some of you guys are shadowbanned, or there are reddit system comments that are invisible to me, as it says there are a few comments, but nothing is showing. PM me if it's actually constructive or adds to the conversation. Thanks.

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

    SLUSH TOKYO IS BACK - Stefan Thomas (CTO Ripple) among the first speakers

    Posted: 01 Feb 2018 01:02 PM PST

    Catching the proverbial "falling knife"..

    Posted: 01 Feb 2018 08:05 PM PST

    Amidst all the recent bad luck in the crypto scene I've been wondering, what do you think the best upcoming buy-in price for XRP would be? I know it's a bit stupid to try and time the market (especially this one) but it's hard not to feel tempted by the recent price drop. I'm holding already, but I'm actually wondering about another big buy at the 0.72 range, but keeping an extra on reserve in case there's a further dip to the 0.6s I guess if it blows out from there then, well, what else can you do.... Anyone else here have any opinions/strategies?

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

    Price Movement Thoughts

    Posted: 01 Feb 2018 08:12 AM PST

    I have been trying to think of logical reasons for why XRP and other cryptos drop on the slightest negative news and barely budge on positive news. I have experience investing in many different asset classes and broadly understand what moves prices (even Uncle Warren doesn't get it right 100% of the time). I think the culture within the crypto market is so vastly different from other markets that it changes the dynamic of how the price moves. Although more and more people are becoming aware of the benefits of XRP and others, the barriers to entry for these average people is still too complicated for them to dip their foot in at this point in time. Institutional investors like mutual funds, etfs, and hedge funds who buy and sell mind blowing amounts of company stock during good and bad news largely control those fluctuations you see reflected in their stock price. Its not the average joe who jumps into his Scottrade account when he sees earnings are positive for the quarter that drives Apple or Amazon stock price. I think the institutional investors will continue to get into this space and as they do, we will start to see more positive reaction on the price when good news comes. I also think another aspect of these markets that sometimes hampers the upward movement is that most people in this market are currently fully invested. I would be willing to bet most crypto investors don't have a large amount of cash or other crypto they are willing to part ways with in their accounts at all times to take advantage of positive news. It takes nothing to press the sell button but it takes an available asset to press buy. Those big runs we have had came mostly from rumors where people did a cost-benefit analysis and decided that the benefit of possibly riding another Coinbase pump was worth parting ways with other crypto in their accounts or depositing new funds that they were confident were going to go up (based on observations from previous assets who did the same). As more and more people flood into this space (which they are per the verification issue posts we constantly see), I think the additional assets will help the momentum moves in the market. If you still believe in the cryptos you invest in and the fundamentals behind them, these dips, corrections, and pull backs are just temporary speed bumps. I think we are still in the infancy of this market and we should expect some growing pains from time to time but the future is bright and in 6 months, 1 year, 5 years people will look back at this time and wish they would have had skin in the game.

    submitted by /u/TalesoftheCrypto15
    [link] [comments]

    How Low Can You Go?!

    Posted: 01 Feb 2018 10:17 PM PST

    Toast Wallet updated with offline transaction support

    Posted: 31 Jan 2018 10:44 PM PST

    Why Ripple Will Explode Soon!

    Posted: 01 Feb 2018 04:10 AM PST
    Read more
    at

    No comments:

    Post a Comment