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

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

    March 01, 2018

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

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

    Posted: 01 Mar 2018 12:13 AM PST

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    Brad Garlinghouse and a few other guests to appear on Fast Money on 3/6/18 @5pm EST on CNBC

    Posted: 01 Mar 2018 02:52 PM PST

    Cambridge to use XRP for Faster Global Payments

    Posted: 01 Mar 2018 05:02 AM PST

    Cambridge Global Payments to use XRP for Faster Global Payments - Ripple XRP Adoption! HODL!

    Posted: 01 Mar 2018 09:43 AM PST

    Payment Provider Fleetcor to Pilot Ripple's XRP Cryptocurrency

    Posted: 01 Mar 2018 05:13 AM PST

    Observations Between Ripple, Santander, & Apple (Apple Pay Cash)

    Posted: 01 Mar 2018 12:33 PM PST

    Coinsquare Replied About XRP

    Posted: 01 Mar 2018 01:56 PM PST

    The following I just copied and pasted from my email.

    Hello Marshall,

    We did not set a hard date to have it added to our platform. We have been working very hard to put the infrastructure in place to carry xrp. Once it is set up we will have it.

    Thanks,

    cs_sm2.png Charlie Comiskey Account & Community Manager
    Coinsquare

    My take on this is yes a hard date was not given but the month of February was stated and no communication was given when that goal was not met.

    submitted by /u/MrFlush
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    Why the price needs to increase for XRP to succeed

    Posted: 01 Mar 2018 01:09 AM PST

    The question "Why will the price of XRP increase?" gets asked repeatedly, so I thought I'd express my opinion and understanding of how the price will increase and needs to increase for XRP to be successful.

    A common misunderstanding I see is that people are really caught up on market capital and use that calculation to determine how many XRP need to be purchased by banks and institutions to fulfill transactions. This leads to incorrect assumptions where someone says something like "If I want to send $1 billion dollars to another bank, then I need 1 billion XRP" (assuming XRP are worth $1 each). That is not how it works. 1 billion XRP is currently 2.6% of the entire circulating supply of XRP, if someone were to sell or buy 1 billion XRP right now, it would wreak havoc on the market and they could potentially not end up with anywhere close to $1 billion after selling 1 billion XRP.

    Let's look at some smaller numbers on Poloniex's USDT/XRP pair to clarify this statement. As I write this, XRP is trading at 0.9 USDT (let's just assume that USD/USDT are currently 1:1 for this example as well, and all price figures I give are correct at the time of writing). If I want to send Dave's bank $1,000,000 right now, I will need to buy $1 million dollars worth of XRP. I can't just buy 1 million dollars at the lowest price, because on the order book that price of 0.9 is only for 6.12 XRP. The next sell order at 0.9014 dollars is 306.54 XRP. And that price keeps going up as you fill each sell order, because that's how order books work.

    In order to buy $1 million worth of XRP, I need to scroll a long way down the sell orders until the sum of all the sell orders is $1 million. And conveniently enough, the point the sell order summed total exceeds $1 million is at the sell price of 1.000 USDT.

    When I put in my $1 million dollar purchase, I do not end up with 1,111,111 XRP (1,000,000 / 0.9). I'll end up with somewhere in the region of 1.07 million XRP. As you fill each sell order, it pushes the price up so your average buy in will be somewhere in the region of 0.93 based on Poloniex's current order book.

    But what's now happened? I've consumed every sell order up to the 1.000 USDT mark. I'm now technically sat on 1.07 million XRP valued at $1 each according to the market capital calculation. My $1 million dollar purchase is now magically worth $1.07 million dollars? I just made $70,000 by doing nothing! Or did I? Of course I haven't, because the exact same process works in reverse for buy orders.

    Something else to bear in mind with this scenario is that bots and traders will see the massive purchase and then start buying in themselves as they think that something important is happening. I.e. FOMO by traders/speculators, or automated responses from bots.

    When Dave's bank receives my 1.07 million XRP, he then has to sell them to get his dollars I promised him. So now the exact same process happens in reverse. As he sells his XRP, it drives down the buy price. Now hopefully he'll end up with $1 million at the end of it. But if bots/traders see 1 million XRP being dumped, then it could push the price down as people panic (in exactly the same way that buying 1 million dollars worth of XRP would cause FOMO).

    So why does the price of XRP need to be high? It needs to be high to avoid this scenario occurring. I'm just going to use the following figures as examples, they're not in any way price predictions:

    Imagine now that each XRP is worth $100 each. To send the same dollar value, I now need to buy significantly less XRP than I did previously. Let's pretend that ends up as 10,000 XRP exactly (I know it won't as per my previous examples). 10,000 XRP is only 0.00001% of the total XRP in existence. So this means that less sell orders get consumed and the price does not jump as much.

    JoelKatz used a similar example for buying a house with Bitcoin back when it was worth $10 each vs what it is today. If you read that whole twitter conversation, he basically explains this much better than I could anyway.

    Now XRapid already solves this problem somewhat as it locks in the sell and buy orders to avoid these spikes, but it still needs the liquidity. As far as my understanding goes, if Bank of Steve wants to send $1 billion to Bank of Dave today, then there's just not enough liquidity in the market for XRapid to find the XRP for that transaction. That is why the price needs to and will go up for XRP to succeed and to be used by banks. The price will go up as it gets used by more and more institutions all competing for the same resource (XRP).

    Anyway, that's how I understand things. Feel free to please point out any inaccuracies or debate my comments. At the end of the day, we're (mostly) all here because we believe XRP has a bright future. I've been holding since September 2016 and invested back then because of my assumptions above (albeit there was no xRapid back then, but the use case of cross border payments was still the same).

    EDIT: Typos and reformed introduction.

    EDIT2: Changing link around as the mobile app appears to be picking up the twitter URL and using David's face as the post image.

    submitted by /u/ddkdgd
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    Does Ripple have any incentive to protect XRP retail investors like us?

    Posted: 01 Mar 2018 07:53 PM PST

    On the heels of possible/potential Google and Apple partnerships (for Apple: https://www.xrpchat.com/topic/20466-ripplesantander-apple-apple-pay-cash/; for Google: speculation is mainly based on that Google is an investor of Ripple).

    I was thinking: If Apple, Google and Ripple collaborate to make their own token it will massively benefit Apple and Google, along with Ripple of course. That will leave retail XRP holders all in the dust.

    Does Ripple have any incentives to protect retail investors like us? Also Brad Garlinghouse keeps saying his measurement for success in in the next 3-5 years. Well what about after that? Isn't Ripple/XRP a revolution that will make a lasting impact way beyond 5 years?

    I'm not trying to suggest FUD, just asking the community if this has been considered. Perhaps there is something in the coding or some previous agreement I am not aware of.

    Cheers.

    submitted by /u/patdutsalidut
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    You can buy XRP with ETH at bittrex, even though ETH/XRP is not displayed as a pair in the menu. You don't need to use BTC.

    Posted: 01 Mar 2018 09:53 AM PST

    It could be that everyone already knows this but me... but you don't need to use BTC to buy XRP (or any other alt?) at bittrex. You can use ETH, saving time and money.

    If you select BTC/XRP on the menu it takes you to a URL such as: https://bittrex.com/Market/Index?MarketName=BTC-XRP Just change the MarketName parameter to ETH-XRP like this: https://bittrex.com/Market/Index?MarketName=ETH-XRP And you can now buy XRP with your ETH. Prolly works for other pairs too.

    If everybody already knew that then I apologize for not being helpful. But if I can save just one soul...

    EDIT: Yes, most already knew this. But thanks for your comments. I helped a friend with this very question the other day who is new to cryptos. That's the only reason I posted. No good deed...

    submitted by /u/girdle67
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    Cambridge FX and Fleetcor Piloting XRP! Regulated Bank Selling Ripple!

    Posted: 01 Mar 2018 11:28 AM PST

    Among Top 4 Richest by Cryptos, 3 are from Ripple. What if XRP booms like BTC??

    Posted: 01 Mar 2018 10:37 AM PST

    Forbes writer is confused or misinformed, according to David Schwartz

    Posted: 01 Mar 2018 05:09 AM PST

    By now, many of you might have seen the Forbes article comparing Bitcoin and Ripple.

    Here is the article: https://www.forbes.com/sites/bernardmarr/2018/02/28/what-is-the-difference-between-bitcoin-and-ripple/

    Upon reading this article, I could tell that the writer was poorly informed about Ripple. And my thoughts were confirmed by David on Twitter:

    https://mobile.twitter.com/GeorgeTsambasis/status/968984597026533377

    What angers me is that the writer (Bernard Marr) acts like he knows what he is talking about. He is acting like an authority on Ripple. Bernard Marr is clueless.

    What's worse, the article appears in Forbes, which gives more credence to the writer.

    As a community, can we please start shaming these terrible writers who haven't done the proper research? Otherwise, I feel that XRP will have a larger mountain to climb in the future.

    submitted by /u/inhplease
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    Ripple valuation

    Posted: 01 Mar 2018 10:05 AM PST

    To be sure, no other coin has as many partnerships as Xrp.

    With that said, I think xrp suffers from being too successful.

    Look at other coins, one partnership named and they could go up a 100% In one day and maybe settle back 20%. Rarely will they ever announce more than one or two partnerships.

    Ripple names a new partnership practically every other week--what happens? Price stays the same.

    So what's an investor to do?

    For me, the answer is simple--hold. At some point the crypto euphoria will dissipate.

    There will only be so much room for platforms and coins--a handful will be successful and 90% will fail, as in go to zero.

    It's almost like owning xrp is a crypto faux pas--like you are a sellout or not crypto purist cause "you own the coin associated with the man, man" (insert visual image of bong hitting college kid that has no clue about real world).

    For me, I feel very comfortable holding an asset with many big time partnerships and arguably the best real world adoption out of any coin so far.

    If that makes me a sellout, I am ok with that, as long as it's a profitable investment

    submitted by /u/Rowan7681
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    Shadow banned by @Twitter for defending @Ripple #xrpthestandard #xrparmy #xrp against FUDs. It is sad sad sad.

    Posted: 01 Mar 2018 09:56 PM PST

    Apple Pay? SBI??? What is thizzzzz?

    Posted: 01 Mar 2018 12:11 PM PST

    What does this "Received trust from..." type of transaction mean? Did someone just put 1200 Trillion IDR (roughly 90 Billion USD) on the XRP Ledger?

    Posted: 01 Mar 2018 12:20 PM PST

    Escrow Return

    Posted: 01 Mar 2018 08:01 AM PST

    When does the monthly escrow return happen? I'm really curious to know what happened in February. Personally I think there are several sidelines investors wondering the same thing.

    submitted by /u/Undershoes
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    Help me understand this buying process.

    Posted: 01 Mar 2018 10:15 AM PST

    Bitstamp verification process for a newbie like me is hell.

    I want to use changelly to buy ripple from my Visa card directly (I understand it converts it to bitcoin first l..that's why it accepts 100$ as minimum right ?! ).

    It said changelly said I can buy 80 ripple by 100 USD dollars. Is it a good deal ?!

    And if I bought it, can I sumbit my paper wallet public address as the destination address directly ?!

    Like does the paper wallet need to be submitted first to a transaction website to be trusted ?!

    submitted by /u/Koala-person
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    What happened to Ripple's liquidity?

    Posted: 28 Feb 2018 10:28 PM PST

    When I invested in January Ripple the #2 coin and I had plenty of faith in it due to it's high liquidity of around 6 billion a day. Lately it's been under 600 million on average. Should I be concerned?

    submitted by /u/mojo487
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