Ripple Daily Ripple/XRP Discussion Thread 08/12/18 [Questions and Price Predictions] |
- Daily Ripple/XRP Discussion Thread 08/12/18 [Questions and Price Predictions]
- My thoughts on XRP, Ripple, and price
- While many others are panicking to sell...
- XRP - The new reserve currency
- Weiss Ratings says “We think XRP is the fastest digital asset to transfer funds between exchanges - Binance should make it base pair”
- Ripple is among the first coins to be listed on bitto.tech
- Open - and innocent mid speculative - Question
- Will low prices & reduced liquidity hurt xRapid implementation?
- Honest question about Ripple Labs / XRP..
- Why does XRP keep going down? - Another video created by Suzy from Esoteric Trading Solutions
- Why Coinbase is INTEGRAL to the success of xRapid
| Daily Ripple/XRP Discussion Thread 08/12/18 [Questions and Price Predictions] Posted: 11 Aug 2018 09:07 PM PDT Hello! It's Sunday. Welcome to our daily discussion thread. You can discuss anything related to Ripple and XRP here. Before posting, read the r/Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng If you see any rule-breaking content, please report it. Here's a list of social channels: Discord, and some features in our Discord:
The invitation link - https://discord.gg/qgfVERN We use public mod logs to ensure transparency in the subbreddit. If you have been suspended or banned due to a rule violation, you may appeal the penalty by contacting the moderator team modmail or PM u/Bonkill [link] [comments]  | ||
| My thoughts on XRP, Ripple, and price Posted: 11 Aug 2018 04:24 PM PDT I just wanted to post some thoughts here. Not necessarily to get opinions, but more just to get them off my chest. Hopefully this resonates with a few people out there. Some background - I bought XRP way back in early 2017 at just over 1c. I've been in and out a fair bit, some gains, some epic losses (like right now having bought back in at 67c). After all the ups and down, my holdings are basically as if I bought back in early 2017 and just held (which is thought-provoking), so I can't complain, the gains are still phenomenal. Back then, just like now, I bought because I liked that they were working WITH banks, WITH regulation, WITH the system, not against it like Bitcoin and others. I figured banks aren't going anywhere. The system isn't going anywhere. So what better place to put your money then in a coin that works with that system. Fast forward 18 months, and let's face it, Ripple really do appear to be doing an amazing job. Look at India. By all accounts they have captured over 50% of the banking market. That's got to be past the tipping point, so surely they're just going to get bigger and bigger over there. India is a massive market, so that alone sounds incredibly good for Ripple the company. Now I can hear the murmur from the crowd already, or at least from the vocal minority. Ripple ISN'T XRP. Who cares if Ripple is going well, that doesn't mean shit for us bag holders. Well I disagree. We all know how much XRP Ripple holds - a boatload. Do you seriously think they don't care about the price of XRP? C'mon please. There's SO much money in it for them if the price of XRP increases. These are smart people, clearly, with the progress they're making at Ripple HQ. I just fail to see how Ripple can continue to grow like this, and XRP price not eventually follow. I'm not saying buy buy. Obviously if we knew XRP was going lower from here, we'd be crazy not to sell now and buy in again at that lower price. BUT WE DON'T KNOW. No one knows when the price will turn. No one knows the bottom, no one knows the top. Not in the short term, not in the long term. Not Ripple Execs. Not some random Reddit guy. So what do you do? Do you sell now and risk this being the bottom, then you end up getting back in at a higher price? Do you buy more and risk it going lower still? Do you just hold tight, try not to concentrate on the price, and trust that Ripple's continued successes and many other non-Ripple developments will lead to an increase in the value of XRP sometime down the road. I don't have the answers. All I can say is that the reasons I got into XRP last year still hold. My advice - if you want to hold onto your XRP for the longer term, then try not to focus too much on the current price. Don't feed the volatility by trying to buy-sell-buy-sell every time the price changes. Maybe all that buying and selling will just get you back to where you started, but with a whole lot of extra stress in your life. Do read about the continued adoption of XRP as the base currency for more exchanges - #xrpthebase #xrpthestandard ! Get your news from great sources like https://xrpcommunity.blog/author/hodor/ and the recently added https://xrp.media/. Chin up everyone. No one loves the current price action, but we all love XRP and what it stands for, that's why we're here. [link] [comments]  | ||
| While many others are panicking to sell... Posted: 11 Aug 2018 08:11 AM PDT ...I'm panicking to buy more, but these damn paychecks don't come in fast enough! Is anyone else in the same boat? 😂 It just blows my mind to see the price dropping more and more... and more. Emotionally it makes sense, crypto market in general is in a bearish state, blah blah... but logically, it seems ridiculous. Sure there is no utility for XRP yet but it's right around the corner! Do people not have the patience? The technology is SOLID. The development team is SPECTACULAR. The future looks BRIGHT. I can go into details on why I think XRP is great but you've all read about it millions of times so I'll spare you the spam. [link] [comments]  | ||
| XRP - The new reserve currency Posted: 11 Aug 2018 07:44 AM PDT We are amidst of the most exciting of times never seen before, at least in couple of generations. UBER, Amazon, Swiggy , Whatsapp and all other game changing technologies disrupting the respective industries for good. UBER is more valuable company than 100 years old automobile companies! So after all the important industries disrupted it was time for the King of industries to be disrupted. CASH IS KING. To Understand money more better, we need to know the ROOT of new age money. There was a time before 400 Years when people used gold as medium to exchange goods or services. People use to pawn their gold to a particular gold smith in German and use to get GDR(Gold Deposit Receipt) simply a receipt to redeem gold when needed, but as dealing with gold as medium was not much practically comfortable, people started to use the receipt(GDR) to buy and sell goods and services, as every one recognised and believed the receipt was backed by gold with known gold smith. Once it was popular and became a practice among people to use receipt as medium to exchange value, few smart lads started to create same kind of receipt, now this became a problem to people and gold smith, that's when historic change happened not only did the goldsmith found a way to create receipts which were not easy to forge also he saw opportunity to create more receipts than the gold he held, that's when RESERVE BANKING started and from there he perfected the art of balancing the number of receipts which did not create inflation at the same time enough receipts were available in market. The receipts are called as currency in modern days RESERVE BANKING Once they perfected the art of reserve banking, they with new found wealth and knowledge kept introducing Reserver Central Banks all over Europe and World with the help of England. England which colonized many countries was funded by the same bankers who made fortune with and Gold, Diamonds looted from world and introduction of LSE(London Stock Exchange). In early 1900 as England was loosing control and USA being the next World power, these banker had to capture US financial system, with hook and crook(for inquisitive minds a few bread crumbs, sinking of titanic, brenton woods) they introduced Federal Reserve Bank in USA World Wars When the whole world was fighting, USA did not participate in those wars instead they choose to sell arms to all nations and strategically they accepted payments only in GOLD, so by end of two wars almost entire planets gold was with USA( Fort Knox). After world war was over nations did not have gold to trade between nations but as every one knew US dollar was backed by gold so every nation started using dollar as international currency as part Brenton-Wood( 1944) agreement and that made USD very valuable. Slowly USA started to export inflation to other countries and one fine day they could print more USD as there was not enough GOLD to back their USD, so president Nixon did
which means no nation could convert USD to gold which was the underlying faith for nations to accept USD as international reserve currency. France started to question this move and followed by other nations. That's when USA had to think of creative solution for this crisis. OIL — The Black Gold and SWIFT With help of Saudi Arabia(OPEC) USA had forged a deal where only Crude Oil would be sold in USD, the technology or payment rail was SWIFT. SWIFT used USD as underlying currency to transfer value between nations. So if some bank wanted to send money India to Japan they had to use SWIFT payment network which in turn converted INR-USD and from USD-JPY
Many countries tried to break the the reserve currency status of USD, but everytime it was not very successful and the countries which tried that had to face server retribution from USA, as USA had built a very powerful military-industrial complex through out the world. Asian currency crisis Thailand triggered the Asian financial crisis by delinking the baht from the US dollar. The Bank of Thailand cut the baht loose on 2 July 1997 after the currency , had been under sustained attack by speculators(Hedge Funds from USA and London). This crisis spread to Asia. War on terror When Iraq wanted to sell their oil in Euro by ditching USD, not only Saddam Hussain dreamt of it, he also went and commissioned a Oil Trade Exchange with high speed internet and he also had done pilot testing, that's when September 11 attack happened and America had to go for War on terror and they believed Saddam had Weapon of Mass Destruction(WMD) and they destroyed him and his ambitions to trade in Euro Leaders from Venezuela, Libya(Gaddafi) and Iran tried the same but ended up dead or wounded very badly Petro Yuan China has been watching this and they knew it was not easy to bring down USD as they ere the major holder of USD as foreign reserve and they would suffer very much, at the same time USA debt was increasing massively which means, logically USA could not pay interest for at least a century, so China started a long strategic move where they slowly replaced USD with Yuan like asking euro zone to accept Yuan, giving neighboring countries loans in Yuan and One Belt One Road(OBOR) initiative, finally declared PetroYuan which means Oil could be purchased in Yuan which was supported by Russia, Iran and Saudi. USA could show their aggression as they did with other countries but as China is super power with Russia's support so they could not use the old strategy. But USA always had innovative way to handle dollar crisis The innovative solution — Cryptocurrencies (Blockchain Technologies) or Bitcoin In 2008, Bitcoin was invented and in over a decade it died many deaths but always came out strong. Cryptocurrency are not backed by anything but, only we all collectively believe and accept there is value in it. It's non-mutable decentralized ledger where all the transactions are recorded and approved by major of the network participant. It's not centralized like Bank where database can be hacked or brought down. After a decade the technology is now accepted widely and found some serious application in real world. XRP new world Currency? Interestingly there's a cryptocurrency which is decentralised but controlled by private entity and trying to solve real problem i.e sending money between countries seamless , real time, transparent and dirt cheap. It's replacing SWIFT (The old payment rail for petrodollar). SWIFT was designed 40 years back, with SWIFT system trillions of dollars are stuck with banks doing nothing which will be released once Ripple replaces SWIFT. Already people in Japan and South Korea, Singapore, USA, Australia and UK have started to use XRP as payment method in day today transaction. XRP has the potential to be currency of every denizen of planet earth. Already central banks and monetary authorities tripping over each other to integrate ripple. Ripple has wholistic solution to be a global liquidity provider and has been making right moves with IMF, World Bank, Central Banks, Authorities and regulators through the world and slowly and steadily it's progress is on course. XRP is set to become the new world order international currency. At last, money is changing and will change so fast that you will even not realize that every thing change as it happened with photography.
[link] [comments]  | ||
| Posted: 11 Aug 2018 03:49 AM PDT Hahaha whats wrong with them? 1. They used XRP not Ripple 2. They turned around from hate to love? I think everyone is confused now. They must be lying again!! /s [link] [comments]  | ||
| Ripple is among the first coins to be listed on bitto.tech Posted: 11 Aug 2018 09:22 AM PDT Bitto Platform ( https://bitto.tech ) is launching exchange by the end of the month, and XRP is one of the first coins to be listed. More on Bitto: Licensed in Malaysia and UK, 4 more days in ICO and soon launching its platform - with trading as a one of the features. You will be able to trade XRP for BTC and vice-versa. Second trading pair will be XRP / BITTO. If you are interested in helping your favourite altcoin get listed, you can apply on Bitto's webpage. [link] [comments]  | ||
| Open - and innocent mid speculative - Question Posted: 11 Aug 2018 04:32 PM PDT Okay, so when opening xrpcharts.ripple.com the default address showing up is this one: Anybody knows why it has values stated sub zero? And why it's popping first in place? Lately, who's the owner of such rare account? (Probably Ripple but...) A part from it, it has interaction with the following: This one is pretty rare, since they're holding Allvor, and has transactions probably just on fee's... I'm quite confused because i'm seeing even different symbology attached to the TX's. Probably i've missed some announce or kind of... it is there any caring techie soul? [link] [comments]  | ||
| Will low prices & reduced liquidity hurt xRapid implementation? Posted: 11 Aug 2018 12:42 AM PDT Time to smell the coffee ... this is painful and I am not one of those ignoring reality out there. My worry is that xRapid requires high liquidity. So now Ripple has worked hard on getting XRP on many new exchanges (great!), and FIs to pilot xRapid (even better!) - however with these prices I assume less and less people are holding XRP... hurting xRapid implementation plans. Because how can you utilize xRapid in a low-volume corridor without enough people willing to buy & sell XRP against that currency? Is this a legitimate side-effect of the bear-market? Or has Ripple prepared for this possibility? Thanks! [link] [comments]  | ||
| Honest question about Ripple Labs / XRP.. Posted: 11 Aug 2018 07:20 PM PDT If XRapid / XCurrent were to become globally adopted, would it makes sense for one company to hold the reigns on inflation/deflation? I understand they have the remaining XRP in escrow, but is that enough? One thing I'd like to propose that may not be very popular, but in all seriousness, should Ripple consider giving custody of it's 55+ billion remaining XRP over to the Federal reserve or a global reserve, or something like this? Are economies and their inflation/deflation really going to be left in the hands of Ripple? I have serious doubts about this authority. I also get that many people don't trust the Fed, but what's more likely for widespread adoption? From Ripple's site: We use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple's use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional purchasers We'll then return whatever is unused at the end of each month to the back of the escrow rotation. For example, if 500M XRP remain unspent at the end of the first month, those 500M XRP will be placed into a new escrow account set to expire in month 55. For comparison, Ripple has sold on average 300M XRP per month for the past 18 months. This power will be Ripple's for the next 5 years, and who's to say they cant make more than the 100 billion XRP? [link] [comments]  | ||
| Why does XRP keep going down? - Another video created by Suzy from Esoteric Trading Solutions Posted: 11 Aug 2018 07:06 PM PDT
 | ||
| Why Coinbase is INTEGRAL to the success of xRapid Posted: 11 Aug 2018 01:59 PM PDT If BANKS are supposed to source liquidity through EXCHANGES, do you think they're just going to go about picking some random exchange "oh they sell xrp cool".. - from some exchange that could be hacked tomorrow, and offers no insurance of your money? Are they going to go through binance where they have to TRADE into XRP from BTC or Eth? Coinbase is integral because it could provide a direct FIAT:XRP, with the most volume possible. Coinbase is integral because it's the most reputable seller of crypto-currency in the world. Coinbase is integral because they are the biggest on-boarders of institutions who want the safest and most reliable partner. Coinbase is integral because it has a proven secure track-record, and will now offer CUSTODY for large institutions; another big stamp of legitimacy. [link] [comments]  |
| 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