Why are people buying Ripple? | Bitcointalksearch.org

Lonsdayl

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Quote from: Crypto_lion on January 14, 2018, 10:55:33 PM

Because they have a proven working product and many deals with banks .They are going to be a big player in international money transfer. They already made a deal with moneygram recently.

Yes, Ripple will have dominant position in banking industry. But why digital asset holders sell their ETH and BTC and buy XRP? Ripple isn't cryptocurrency and doesn't have the same purposes as BTC...

xTz

newbie

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I am afraid this coin is used to rip(ple) off many dumb people who have no clue in what they put their money. After all lose their money, banks and gov's will say crypto's like bitcoin is a ponzi scheme like ripple created to steal money. Literally i can create same "network" chain with plenty of coins in few days alone and sell to newbs and tell them is free to send and receive(no tax fee) then i close "network" which obviously is 1 server

bucksman5233

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Simple, to make more Bitcoins/ETH or to increase their fiat holdings. That's all nobody is interested to help bank by make their transfers easier on Ripple's Blockchain. Technology doesn't matter here only money matters. Go to XRP's reddit page 90% of the posts there are about the price predictions of XRP.

Sinistlercoin

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Quote from: Borisov on January 17, 2018, 01:01:31 PM

correction is now shown that the price of this coin was very much exaggerated . pretty much where wrote about ripple , here it is on this and much growing up! the speculators ! now that we can see?)

Have you looked at the rest of the market lately? Seems like you have focused on XRP and missed the fact that every other crypto has also corrected. Based on your comment, the price of all of them were very much exaggerated. Can't have it both ways.

Borisov

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correction is now shown that the price of this coin was very much exaggerated . pretty much where wrote about ripple , here it is on this and much growing up! the speculators ! now that we can see?)

Celebrity

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Quote from: Chosenpai on January 16, 2018, 01:35:24 AM

Quote from: damansk on January 14, 2018, 11:09:52 PM

I still do not understand why banks would transfer their value into such a volatile currency..

Other permissive blockchain solutions such as HyperLedger by IBM, not requiring a currency to be issued, will do what Ripple does but better with an already trusted brand.

They are starting to trust the cryptocurrency. Since Ripple is being managed manage by bank, they will probably going for ripple. Plus the fact that ripple is a centralized currency.

Ripple is something centralized. I never invest in ripple. Their supply is being controlled by their team and we don't know what they will do in the future. This uncertainities made me get away from ripple coin.

unsquidly

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Activity: 322

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robably to make some profit as the price is still affordable. I know that's why I purchased some XRP when the price was still under USD 0.20. I liked that I could get a larger amount of coins and wanted to "invest" on it as there were many Ripple related news and I was just learning about crypto-currency. Now I have learned to do my own research.
For the time being I don't think I will invest more on XRP, but I also don't think I will sell what I have just yet.

NLO

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what can be the value of the currency if its unlimited number. pressed 1 button and appeared 1,000,000 coins.

Chosenpai

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Quote from: damansk on January 14, 2018, 11:09:52 PM

I still do not understand why banks would transfer their value into such a volatile currency..

Other permissive blockchain solutions such as HyperLedger by IBM, not requiring a currency to be issued, will do what Ripple does but better with an already trusted brand.

They are starting to trust the cryptocurrency. Since Ripple is being managed manage by bank, they will probably going for ripple. Plus the fact that ripple is a centralized currency.

nuggetbram

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Ripple is better suited for short-term investments (up to half a year) than for long-term

Vadeprix

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People are buying to make a profit when the price increases, XRP can reach higher in coming months which makes it worth buying.

Swinging Phallus

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The reason all this is happening is because people are looking at price, not the market cap. They don't even care to do any research - if the name sounds good and the logo is aesthetic, they buy it. That goes for at least 50% of the newbies in crypto.

Cubanlinx81

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CryptoRex

Why are people buying Ripple you ask? Well, I would say that it has the potential to replace bitcoin as a payment option and store of value. It is very unfortunate that the majority of people do not realize that Ripple will be trading well over a hundred dollars is a year or two.

cryptonero

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Because they dont know how XRP works,they dont have any idea that it can destroy our decentralized community.

damansk

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I still do not understand why banks would transfer their value into such a volatile currency..

Other permissive blockchain solutions such as HyperLedger by IBM, not requiring a currency to be issued, will do what Ripple does but better with an already trusted brand.

realsmans

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Activity: 196

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Quote from: Crypto_lion on January 14, 2018, 10:55:33 PM

Because they have a proven working product and many deals with banks .They are going to be a big player in international money transfer. They already made a deal with moneygram recently.

moneygram too, but it started cause JP and NK banks made a testing of money transfer, using Ripple blockchain

Crypto_lion

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NEW MEDICINE:Faster, Safer, Smarter

Because they have a proven working product and many deals with banks .They are going to be a big player in international money transfer. They already made a deal with moneygram recently.

Chosenpai

newbie

Activity: 61

Merit: 0

I guess we will be seeing a lot more of ripple fans. I heard they are partnering with MoneyGram, what do you think guys? For me, I still don't believe ripple will stay for a long period of time.

axiline

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Most people buy ripples because it is among the best coins on the market. As for the precedent, I believe that the developers are working on its adoption. Time will tell.

tungnguyen224

newbie

Activity: 36

Merit: 0

I don't like Ripple. As it may go again the purpose of crypto currentcy.
It's centralized with bunch of it in the hand of creator It can be use to manipulate crypto market.

Topic: Why are people buying Ripple? (Read 2116 times)