Topic: Ripple up, Ripple down! - page 2. (Read 218 times)
Ripple it like a dollar, bankers can emit it in any quantities, why do we buy it at all I do not understand.
There are number of big XRP-whales....And you know what? For even better investment capitalizing it is necessary to pump-dump. The current wave of "negative" news is absolutely the work of whales. I expect XRP to dip @ 1.30...and then to surge again. Maybe even to 6-8 dollars.
Wait few weeks and you'll see a flood of positive press related to Ripple. It's centralized...so group of investors can really manipulate the market. Just wait and see.
Ripple to reach 200 billions market cap before March. NID.
Wait few weeks and you'll see a flood of positive press related to Ripple. It's centralized...so group of investors can really manipulate the market. Just wait and see.
Ripple to reach 200 billions market cap before March. NID.
You can not expects all the good things to happen around here. Everything is volatile and there is no permanent. The only thing that is permanent here is change. It maybe that way now cause it is affected with some uncontrollable issues. Anyway thats the way it goes around in cryptos one minute you're up the other you're down.
It is getting lower day by day, with the recent lawsuit going on and spreading like wildfire, I think we have to rethink on XRP before buying more.
So now they are saying Ripple is dead. All the running around, trying to buy Ripple is now futile. Really?
What they fail to understand is that Ripple - the "currency" and Ripple - the "technology" are two discrete things.
Satoshi must be turning in his grave looking at his creation being monkeyed around by bunch of "gold digging" idiots. (And dont tell me he/they can still be alive). Bitcoin had three main objectives as a currency.
1. Maintain a secured ledger
2. Keep transaction fees low
3. Finalize the transition quick.
The core objective was never really to become a trading instrument. Today, it survives as a superior ledger, but is suffering from all old age ailments. CoinMarketCap would disagree, but from a technology standpoint, it is indeed true. It has reached its shell life in terms of its journey as an alternative currency. It can no more compete with the Fiats. It is not cheap on transaction fees, nor quick.
On the other hand, blockchain is the future. In the coming few years, there will not be a field that blockchain will not grace. The concept is so elegant that it will find its way into our daily lives in every sense. Be it IOT, financial transactions (not just interbank like Ripple), real estate, IP/copyrights - there are 200+ real life application areas that are being explored. Though the visibility of the commercial side of blockchain is higher (read ICOs), there is indeed a lot of technology research taking place right now. At the very least, the ICOs are bringing in a lot of funds upto the techie.
Back to the Ripple story. The "currency" Ripple may be considered as just another moolah raking instrument. It has remote connection with the "technology" Ripple and the real-life problem that it is trying to solve - making inter-bank transactions quicker and cheaper. (btw, the role of Ripple is only to cover the transaction fees in the Ripple network). Ripple now has the presence, association and commitment of a few majors in the banking industry. So the technology Ripple is here to stay. At least, they will make sure it stays (shareholders stake).
A closing anecdote. The market that Ripple is trying to enter into is currently monopolized by Swift. So in effect, Ripple's revenue could become equal to Swift's current revenue in some time (assuming 100% market share). Maybe a little more owing to the superior transactional capabilities. But where did the current Ripple currency market cap of $100 billion come from? What projections are these?? And what is the basis???
Doesn't matter as long as the market is performing, does it?
What they fail to understand is that Ripple - the "currency" and Ripple - the "technology" are two discrete things.
Satoshi must be turning in his grave looking at his creation being monkeyed around by bunch of "gold digging" idiots. (And dont tell me he/they can still be alive). Bitcoin had three main objectives as a currency.
1. Maintain a secured ledger
2. Keep transaction fees low
3. Finalize the transition quick.
The core objective was never really to become a trading instrument. Today, it survives as a superior ledger, but is suffering from all old age ailments. CoinMarketCap would disagree, but from a technology standpoint, it is indeed true. It has reached its shell life in terms of its journey as an alternative currency. It can no more compete with the Fiats. It is not cheap on transaction fees, nor quick.
On the other hand, blockchain is the future. In the coming few years, there will not be a field that blockchain will not grace. The concept is so elegant that it will find its way into our daily lives in every sense. Be it IOT, financial transactions (not just interbank like Ripple), real estate, IP/copyrights - there are 200+ real life application areas that are being explored. Though the visibility of the commercial side of blockchain is higher (read ICOs), there is indeed a lot of technology research taking place right now. At the very least, the ICOs are bringing in a lot of funds upto the techie.
Back to the Ripple story. The "currency" Ripple may be considered as just another moolah raking instrument. It has remote connection with the "technology" Ripple and the real-life problem that it is trying to solve - making inter-bank transactions quicker and cheaper. (btw, the role of Ripple is only to cover the transaction fees in the Ripple network). Ripple now has the presence, association and commitment of a few majors in the banking industry. So the technology Ripple is here to stay. At least, they will make sure it stays (shareholders stake).
A closing anecdote. The market that Ripple is trying to enter into is currently monopolized by Swift. So in effect, Ripple's revenue could become equal to Swift's current revenue in some time (assuming 100% market share). Maybe a little more owing to the superior transactional capabilities. But where did the current Ripple currency market cap of $100 billion come from? What projections are these?? And what is the basis???
Doesn't matter as long as the market is performing, does it?
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