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Topic: Opinion: Why Ripple/XRP Doubled In Value in Less Than A Week - page 4. (Read 10166 times)

sr. member
Activity: 280
Merit: 250
I am new to Ripple discussions so can someone answer these two quick questions please:

1) Why would banks like Ripple/XRP?
2) Why would banks liking it be a good thing?
legendary
Activity: 1456
Merit: 1010
Ad maiora!
I got in on the free 35000 XRP giveaway they did a while ago and now it's worth ~350$ USD. I'm not complaining.
Now Paycoin... That is a scam. XRP might just surprise us all. Havent certain banks mentioned they like it?

Also, XRP is made to go "on the back" of btc, it isn't competition.
newbie
Activity: 32
Merit: 0
Since you are unable to provide any semblance of goodwill on satoshi's premine and since money intended for good or evil can still help the less fortunate, let me repeat myself (and I hope those savvy enough go back and read the end of the last page).

7 % of ripple has been donated to charity for the underbanked. Actually it's about 23% of available ripple at this point.  Do you know what dd is? Have you or are you able to do that? You are the scammer and embarrassment.  Your ideology is fatally flawed.

Edit: only if Satoshi donated all 1 million of his premine would it come close to what ripple has done.
hero member
Activity: 756
Merit: 506
This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  Cheesy.

It is exactly what I was thinking, some kind of desperate act to gain attention.

Yes Ripple is a scam and an embarrassment.  


7 % of ripple has been donated to charity for the underbanked. Actually it's about 23% of available ripple at this point.  Do you know what dd is? Have you or are you able to do that? You are the scammer and embarrassment.  Your ideology is fatally flawed.

Edit: only if Satoshi donated all 1 million of his premine would it come close to what ripple has done.

Giving money to blackhat professionals and employees at Ripple is not charity.

newbie
Activity: 32
Merit: 0
This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  Cheesy.

It is exactly what I was thinking, some kind of desperate act to gain attention.

Yes Ripple is a scam and an embarrassment.  


7 % of ripple has been donated to charity for the underbanked. Actually it's about 23% of available ripple at this point.  Do you know what dd is? Have you or are you able to do that? You are the scammer and embarrassment.  Your ideology is fatally flawed.

Edit: only if Satoshi donated all 1 million of his premine would it come close to what ripple has done.
hero member
Activity: 756
Merit: 506
This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  Cheesy.

It is exactly what I was thinking, some kind of desperate act to gain attention.

Yes Ripple is a scam and an embarrassment. 
hero member
Activity: 812
Merit: 1000
Litecoin Association Director
Ok ill bite which bank?
newbie
Activity: 2
Merit: 1018
This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  Cheesy.

It is exactly what I was thinking, some kind of desperate act to gain attention.
newbie
Activity: 32
Merit: 0

maybe you should understand that if you would be pumping another random heavily premined, centralised, trust based scamcoin you would also meet resistance. All scamcoins need to go on their extra forum to not be torn apart. Ripple is no exception. It's not a shame there is no place to discuss it because it's expandable.

It's the perfect example of what most people want not. So why try to shove it down their throat? Why cry if people don't want it shoved down their throat? The xrp-spam around here is pretty annoying.

Speculation on xrp is really idiotic.
[/quote]

A trillion dollar bank just integrated the ripple protocol on top of one of its trading platforms, integrating your precious btc, ltc, and xrp. This has no meaning? Are you that dense? Other trillion dollar banks are experimenting with the ripple protocol. Do you even know what that is? Keep camping in your tents outside wall street, embracing no agenda and claiming it's what we all want.  You have no idea about the tsunami that is about to come. I've never seen such bullish remarks from the flamers flaming in here. I go to sleep with a smile.

Edit: do you even know what a trillion is?
hero member
Activity: 742
Merit: 500
It is a bit saddening that it is still quite hard to have an actual discussion about Ripple on Bitcointalk without having to explain fundamentals (and threads getting derailed or at least trolled)...Unfortunately it's hard to talk about the more exciting ones, as a lot of people around here seem to be more fixed upon the idea of Platform == Currency (which doesn't even really apply to Bitcoin). Sad

I thought things might have changed around here after my hiatus but it seems the same as ever. It really is a shame that there isn't a good neutral place to have mature discussions (except for xrptalk.org, which is closing).


maybe you should understand that if you would be pumping another random heavily premined, centralised, trust based scamcoin you would also meet resistance. All scamcoins need to go on their extra forum to not be torn apart. Ripple is no exception. It's not a shame there is no place to discuss it because it's expandable.

It's the perfect example of what most people want not. So why try to shove it down their throat? Why cry if people don't want it shoved down their throat? The xrp-spam around here is pretty annoying.

Speculation on xrp is really idiotic.
full member
Activity: 143
Merit: 100
RIPPLE is just more of a coin for the smart crowd.
The average working class miner or scam coin creator faces enormous difficulties to comprehend it.
The reason why it is so attractive is just beyond their intellectual horizon.
haha. I would rather buy simple Dogecoin than XRP. At least they are honest and transparent about their 100 Billion.
full member
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice

Looks like a broken API connection by coinmarketcap to ripplecharts.com to me...

I'm not sure what the other pictures from BTCUSD charts/markets should have to do with Ripple?
Maybe Ripple should have that fixed, or remove them from coinmarketcap altogether. Oh wait, that's their only selling point.

When will this madness end... What a shit show!
hero member
Activity: 2170
Merit: 640
Undeads.com - P2E Runner Game
RIPPLE is just more of a coin for the smart crowd.
The average working class miner or scam coin creator faces enormous difficulties to comprehend it.
The reason why it is so attractive is just beyond their intellectual horizon.
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
Ripple can be confusing, since they use phrases in a different way than we are used to. Taken for example a cold wallet
Quote
Creating a New Account

Creating a new account with the downloadable Ripple client is simple. This process will be used if you are just getting started with Ripple, or would like to set up a cold wallet. The cold wallet setup will be put in place by default, as all of the account information will be stored on your computer, and the account will only be online when you are actively logged in.
http://ripple.com/knowledge_center/downloadable-client-account-setup-and-login/
According to Ripple's terminology, a cold wallet is stored on your desktop and connected online with the internet.
legendary
Activity: 2618
Merit: 1006
lol  Grin




Yep, seen this too and the only thing this remembered me on was MT.GOX they had the same pattern with the Willy bot.
Looks like a broken API connection by coinmarketcap to ripplecharts.com to me...

I'm not sure what the other pictures from BTCUSD charts/markets should have to do with Ripple?

This is manipulation of available supply.  In terms of price, before the pump occurred, there was almost no difference.

https://archive.org/web/
(and inputting coinmarketcap.com)


Like in April the price was .005 BTC and now it's 0.009 BTC, so Ripple hasn't even doubled in price.  Most of this recent price gain is because people think Ripple is exploding due to all the faking and manipulation so they are frenzy buying / pumping.

As you tend to delete your posts, here's the answer to another, similar post by you that I wrote today:
Ripple capitalization is just heavily manipulated because they have Gliss on coinmarketcap fiddling with the numbers to make it look bigger than it really is.  Remember when Gliss used to accurately report the number of available Ripple Coins?  What made him changed his mind?  Did he receive a Ferrari as a birthday gift?  Possibly..

https://web.archive.org/web/20140611024200/http://coinmarketcap.com/
(8 billion Ripple coins back then compared to 30 billion Ripple coins now)

2 months before that:
http://web.archive.org/web/20140405192501/http://coinmarketcap.com/
~100 billion XRP (just like now, see http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/), compared to ~30 billion XRP not at RippleLabs.

Because of that ("OMG Ripple = evil, so many coins + premine!") Gliss implemented a check for distribution values which scrapes web sites. Ripple Labs first put on their page (https://www.ripplelabs.com/xrp-distribution/) that they owned 80 billion XRP and handed out ~8 billion of these (June: http://web.archive.org/web/20140625224750/https://www.ripplelabs.com/xrp-distribution/), this is what Gliss put on his page. Some time later RippleLabs put on their page that they owned 80 billion XRP of all 100 billion XRP, handed out ~9 billion and don't own ~29 billion of all the XRP (October: http://web.archive.org/web/20141007095332/https://www.ripplelabs.com/xrp-distribution/) - hence the spike in "market cap of coins in circulation".
newbie
Activity: 2
Merit: 1018
Why bother with ripple when bitcoiners will get free stellars in a few months   Cheesy
full member
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
This is how ripple plans on getting adoption? Fooling people into investing in them? Sounds like a scam to me, or a desperate act to gain attention. Reminds me of the Mt. Gox Algo bot willy  Cheesy.
hero member
Activity: 756
Merit: 506
This is manipulation of available supply.  In terms of price, before the pump occurred, there was almost no difference.

https://archive.org/web/
(and inputting coinmarketcap.com)


Like in April the price was .005 BTC and now it's 0.009 BTC, so Ripple hasn't even doubled in price.  Most of this recent price gain is because people think Ripple is exploding due to all the faking and manipulation so they are frenzy buying / pumping.



legendary
Activity: 2380
Merit: 1085
Money often costs too much.
Quote
Lastly, what gives ripple value? And please dont say "investors" because that is a failed economics policy. What backs ripple? And also again, who did those 2 air drops of coins go too?

I would say its utility is its strongest source of value.

Not sure what you are asking about with the airdrops.

Probably referenced the ripple airdrops, https://www.ripplelabs.com/xrp-distribution/

Quote
XRP Distribution Strategy

We believe that broad adoption of Ripple as a protocol will result in organic demand for XRP over the long run. Ripple Labs plans to distribute XRP to encourage growth in six categories. The categories are:

    Users - Everyone needs a small amount of XRP to fund an account on Ripple and start using the network. We are committed to broad user giveaways and other programs that bring new users to Ripple. Distributing XRP is a powerful user acquisition strategy. This model is similar to how Paypal grew.
full member
Activity: 154
Merit: 100
i think its great that ripple has been tripleing in price..keep going baby!
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