Topic: What do you think about the cryptocurrrency Ripple?? - page 3. (Read 497 times)

Thanks for sharing your thoughts with us. I don't think it's overvalued because to me it has a good potential of growth because of its mission and purpose:

the ability of making global transactions much more faster and cheaper. 

I think we will experience the growth of this in the upcoming days!  That's how I feel about it.

Thanks for your response about my topic. I think your opinion about the cryptocurrency Ripple that give some different side. I creat this topic to everybody can show their opinion about it, such as: source, application for future, price will be achieved, community support and everything about Ripple

In my opinion it will just show for pople that CryptoCurencies are bad

Banks in plenty numbers of eu (That i know) countries are says Bitcoin is bad(Its meant as cryptocurrencies) It has no regulation bla bla bla they even dont let in my country to import Antminers....

Soo my thougs about ripple is:

1.Normal price
2.Price rise
3.Moon lets says 100usd each(Its just example)
4.Worth 0,001 USD.

Thats what i think about ripple i wont put a single penny into this project
If you think it will be same as with bitcoin youre wrong its fully generated ammount , bitcoins are generated by miners (People that buying special made machines for bitcoin mining)

What do you think about the cryptocurrrency Ripple??

The following is my thoughts on cryptocurrrency Ripple:

I think it’s extremely over valued compared to other crypto. No I don’t hate on it because they work with banks. The problem with Ripple is that it’s centrally controlled by one company that holds most of the currency and has basically complete authority over the network.

It also doesn't scale economically in the way bitcoin does. Bitcoin has to rise in value to as it grows. It’s actually required for it to become widely used as a payment system. Companies can’t use Bitcoin to make $10 million dollar transfers if they can’t buy and sell $10 million worth the coin without having an noticeable impact on the price. The utility value of Bitcoin rises as it’s price rises and becomes more stable. The Ripple token (XRP) is not directly linked to the success of the network. It is not a currency.

This is not to say that Ripple will not be successful or that XRP will not continue to rise in value. It might. The core reasons I invested in Bitcoin and later Ethereum and Dash, are related to their decentralized consensus systems. To believe my investment in Bitcoin will grow, all that I need to be confident in is that Bitcoin will be used by more and more people over time. To feel safe investing in Ripple I need to trust the single company that controls it.

Perhaps I am not understanding some key mechanism in the how the Ripple network functions, but I have yet to hear any explanation as to how or why my perspective is not accurate. I see the XRP price growth as irrational and due largely to it’s low price point. I think many crypto investors are simply purchasing what they see as cheap coins not realizing that the standard denomination is arbitrary and that’s why we saw a simultaneous sharp rise in coins like XRP, Stellar, and NEM. They have one thing in common, the standard unit is of a very low value. If the Bitcoin price was listed as the value of one Satoshi (1/100,000,000th of a Bitcoin), I think this effect would have been negated without any change to what the coins are or how they function.