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

The con that makes me veer away from is its centralized in nature. Yes, it makes baking transaction fast, but this coin is an outlier for me. It defeats the purpose of decentralization.

Ripple has a pretty interesting objective which is to create a blockchain serving the financial industry and cut down on transaction costs/processing times...especially in banking.
It has a lot of pros and cons, which we touch on in our blog post about Ripple:

https://www.mintdice.com/blog/ripple-xrp-101-guide-to-understanding-ripple

While many don't think it's a worthy investment, if it's adopted within the industry, the coin could see another upward trajectory.

I think ripple is something that will never reach the moon like other crypto currencies. The fundamental economics of supply-demand is a big constraint for the price of ripple. But the sunny side is that the volatility is far less due to the price factor. So, if one has not invested crazily in xpr, there may be a good chance that you can make some steady (but little) money from it.

I'm starting to get informed about the various cryptos we have in place and I saw that Ripple doesn't have the same philosophy behind the others, especially it's a centralized one, which is in conflict with the concept of decentralisation that we find for example in the most important one, bitcoin.

If you're just in it for the money then you might do well. Might.

Ripple is centralized which isn't just a buzzword. Decentralization was the reason cryptocurrencies were invented. Why remove the problem only to put it back in a more complex way?

To me it's summed up in the word trust. If you are going to have a currency be that centralized then there needs to be a lot of trust. I don't have that for XRP.

It does not use the traditional blockchain, which we used to see in most cryptocurrencies.The principle of the system is based on agreements, the so-called consensus.

And conversely, I stood on this coin.Just bought at the lowest price as soon as I was offered this adventure.I am very glad that time has listened to those who understands a lot

I would like to mine this coin, I also read a lot of information about it.Didn't think it to be that way.Bought a lot in the end not particularly earned it.And because I'm not the only one

Since all coins were originally issued, ripple mining is not performed. And therefore to make using the computing power of your computer XP will not work.

It's unlikely.The whole peak of the popularity of coins has ended and she is no longer needed.I don't know why I need these quickly bought up coins to try and earn money quickly

I also saw this info really interesting that it took many years before the coin was really popular and played table.I hope that it'll grow ahah

The Ripple Protocol launched in 2012. Its purpose is to provide a "secure, instant and nearly free global financial transactions of any size with no chargebacks»

100% agreed. Realistically we need crypto adoption to assist us in driving up value in other coins. What better way then the big boys wading in and dispelling misconceptions etc.

WRT BTC, lets get real, the sheer cost of moving it around ensures it is not a viable crypto, but rather the grandfather that will be surpassed. Buy and hodl BTC for sure, use it in every day applications? Got to be kidding.

Can be she will grow still in several times?Yes, we're not sure but we didn't know that such growth is possible at all.It will be rational to wait a few months

This was very suddenly for me I mean such a record-breaking greater the cost of the coin.It is a pity that she's now left and I have nowhere to put it because the price is ridiculous on them now

I remember the furor this coin, few expected a really powerful and rapid growth.If I knew I would buy it as soon as we heard about it from friends

It was quite unusual for the market and really shocked the public.It seems to me that we can expect something similar in a few months.I hope so

I think it's quite a unique case and it is unlikely that this will happen again.At least on this moment I not see on exchange similar coins, and all the more the hugely promising

It seems to me that if all knew then there would be such incredible growth.I am glad that understand how to develop this coin and give money almost at the start which is very cool for me

I unbelievably regret that did not buy it immediately and terribly jealous of those who risked and invested.This wild growth is really very rare and difficult to predict

bitcoin can be said to be overvalued.
but it has s solved a lot of problems online retailers experience with payment gateways,
its safer and with wide adoption its price has will likely exceed 100k

Everything can happen in cryptocurrency market! It can take your everything off and also can bring to you a crazy dream to be rich

In my opinion, Ripple is one of the promising crypto in the crypto area.
Lots of international banks and other huge companies implement Ripple technology.
Although there is an opinion that the Ripple is a creation of the international banking elite so...it's not "truly true" crypto.
Anyway I'll sell smart part of my Ripple only at $3-$5.

You really have nothing to lose if you invest in Ripple other than your initial investment...i.e., don't go crazy and invest more than you can afford to lose. Everyone talks about dot.com bubble but for every 10 stocks that crashed, a couple made it to crazy numbers...$100 in Amazon stock in 1997 is now valued at $49,000. HODL my friends.

I totally agree with you! Most investors all doubt about how they can own and control Ripple. I see its price in stock market is more around 1USD, may this thing tells all everything

I believe that Ripple is a good application of blockchain technology because:

• it has a purpose - speed up bank transfers
• since launched, the number of banks using it is growing
• it has some form of "regulation" - having received the BitLicense from NY State
• the number of validators keep growing, granting a reduced vulnerability of the system

Though, the system is not decentralised (as for Bitcoin and Ethereum) and this can have some implication, but it requires much lower time to process a transaction and it consumes far less power, making it more efficient.

Virtual currency is a highly speculative market where in the last 3 month we saw XRP going from 0.22 USD (t1) to 3.70 USD (t2) and now back to 1.19 USD (t3), so:

• t1-t2 period +1,500%
• t2-t3 period -300%
• t1-t3 period +580%

 

I believe that none of these changes is related to any concrete logic. I mean, the price has not increased or decreased due to significant news related to Ripple itself. So, my suggestion would be to probably hold some of them till next speculation boom.

Cheers, 

Wasn't that one of the purposes of Bitcoin? I know XRP is faster and cheaper, but if we are comparing the "mission and purpose" it's very similar.
The main difference is that XRP is really faster, but it's also not meant to be a currency, rather a fast payment system that can improve the existing banking sector, while BTC doesn't aim to help the banking sector. It's meant to show people they can do without  banking.

Fun fact: Do you know that there's 100 billion XRP and half of it in the hands of the creators? The centralization and and dev greed gauges are off the scale with this one.

Ripple is good for investing because many banks support it ) But it not a decentraliazed, so ... if you are investor and want just to earn buy it and keep, if you like free, the idea of blockchain, bitcoin- dont buy it )

I don't believe in Ripple, cause its not a cryptocurrency, Ripple is centralized, and main holder of Ripple founders and friends of founders)))

I don't understand how you have lost when bought Ripple?? You lost because you are tricked by seller or Ripple coin itself

Ripple will grow like company, But I like ripple

Should be very careful buying Ripple, I have always lost when buying. It works with bank, little bit different with crypto technology, its growth is very less. 

I think Ripple has a good technology that's why a lot of banks are acquiring it. But do not forget the mission of Bitcoin and the power of decentralization.

I agree with you, because of its mission and purpose that will solve bank issues in the future, that's why investors are interested and invest much on it

Your opinion also is an other side about it. However, I see that Ripple is working very well about advertisement and develope community of them

I think Ripple is a trap made by banks to gain the Crypto-currency market control over Bitcoin. So seriously I don't like that coin dear. 

thanks for your opinion

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.