Topic: Ripple Price: Do you think this is a bubble ? (Read 1795 times)

"Not yet for public release."  .... and yet, they are publicly giving away coins now to generate interest. 

It is still far too early to say whether there is a bubble or not.  Only a tiny amount of XRP has been given out.  Also we must not forget, the Ripple is still in closed Beta.   Not yet for public release.

Beyond the technical differences between their marketing and reality, I still don't fully understand the techniques involved from a business sense, in utilizing their service, and *most importantly* how that is better than what is available today. 

I guess I can kind of see how having a non-fiat coin be an in-between would be beneficial, but still not clear on how its faster or value added than transferring fiat-to-fiat at the local bank. 

Ripple is not even opensource.

I voted yes.   They've pledged to give away the majority of the XRP coins, but so far, only a trickle has found its way onto the market.  This is definitely a bubble in every sense of the word, but the market doesn't care.  Look at the price of the other alt coins and even BTC because of the sudden interest.   

in my opinion the way they have done the giveaways along with getting pretty much working exchanges has forced the price to go up, because they started giving out up to 100k and now they are giving out 1k.

so the perception is that much less is being added to the market. the price rise is driving more buyers to buy and the decreased availability is lowering amount around.

i expect it will stabilize around what it is around right now if they keep giveaways semi constant at their current rate, but if they change them, a sudden price drop is very possible.

you are fighting against the inevitable.  celebrate the idiocracy.

how many ripples out there
100 billion

how many had the onecoin give away? not that many

price goes up right now

they are going to own the banks in the future

Since Ripple is a centralized anonymous system, it's an obvious target to be seized soon or later under money laundering accusations. It's curious how the liberty reserve case didn't affect XRP's price.

I blame this incredibly annoying inability to correctly write and speak English on that stupid film "Honey I shrunk the kids".

Any educated individual can tell you it's "I sank" and "I shrank".  It's "I have sunk" and "I have shrunk".

+1

If XRP's are currently selling for a non zero ammount then yes its a bubble.

Maybe one day Ripple won't be a broken IOU system.

Then I might invest into XRPs.

I buy into the line of thinking that Ripple is a scam. 

I personally don't like it, and don't think it will survive long term.

I therefore dump any XRC as soon as I get them. 

I'm holding it for long term maybe it will be 1USD/XRP

I voted yes.

lol

I guess Ripple is acting like De Beers.

In that respect ripple is more like diamonds where the supply on market is a tiny fraction of the amount locked away in vaults.  This is to create artificial scarcity otherwise diamond prices would crash 90% or more.  Bitcoin has properties like Gold, Ripple has properties like Diamonds.  One has been a store of value for centuries the other is an almost guaranteed loss over any extended period of time.

It's impossible to guess the number of XRPs in circulation. Only a few developers know how much they received and how much they already sold on the market. But they promised to give away 50 billions (half of all XRPs) and it seems they decided to ignore that promise. The giving away thread has 5877 answers. Even if all of they were eligible and received on average 40,000 XRPs each, we would reach only about 235 million XRPs. That's nothing. But they kept limiting the number of XRPs for each given away. The recent given away to the subscribers of their mailing list was of 1000 XRPs? It seems clear that the 50 billion XRPs will never been given away, but probably kept in the developers deep pockets. Are they limiting the number to be given away in order to make the price of XRPs increase to get rich faster? Without a correct number about how many XRPs are in circulation, one can only use the 100 billion. In the end, they exist and can be sold by who ever controls Ripple. With this figure, Ripple is worth 2 billion USDs and that is a joke. All altcoins are loosing value (except novacoin), I doubt XRP can resist this (temporary) pessimism. I suspect we will be able to buy XRPs much cheaper than the current price. XRPs were once at 10,000 XRPs per bitcoin and then dropped to more than 130,000 per bitcoin: it might happen again.

FUCK YOU!