Hi,
I see Ripple is doing well. I bought some few months back. What do you guys think should I sell it now or wait ? I am bit optimistic about its prospects but need to know both sides of the argument.
Cheers
read the news, and i don't mean bitcointalk.. study latest company material ( yes Ripple is run by a registered, licensed company so your coins don't have fraud risk ) and then also study latest projects ... especially SWIFT replacement, Japanese Banks usecase, General remittance etc
and then make a "informed" decision .. if you depend on bitcoin talk you will only be making "trolled-out" decisions and not informed ones...
anyways some information to get you starts ( With links to verify )
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Ripple does something that no other cryptocurrency does.
It is taking a share of SWIFT's load. Even a extremely conservative 3% SWIFT load (that is 300 Billion USD by the way) moving on RCL/xrp/rccloud would mean XRP will have to be between 2 to 4 USD to be liquid and act as counter party free collateral. additional value helps re-conciliation.
The yearly numbers from pewresearch (
http://www.pewglobal.org/interactives/remittance-map/) and mind you this is only 42% of labor based ( daily hard working international employees ) remittance - sending money back to and fro home.
SBI VC Implementation specifics i got the following very interesting ones :-) source : (
www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf) SLIDE 34,35,36,and 45 :
Company registration, money + bit license and audit info on this thread :
https://bitcointalk.org/index.php?topic=1904801.20 and this thread :
https://bitcointalksearch.org/topic/m.19010984~~~~~~~~~~~~~~~~~~~~~~~~~
and lastly, as this person below has said:
As for ripple, isn't it tied to banking, even if the altcoin bubble pops ripple will still be used by anyone who uses fiat.
Ripple also marks as a safe asset in case of any altcoin bubble bursting etc, as ripple's fundamentals are totally different and its value is not based on pure speculation, They are doing real business and signing deals.
good luck