Topic: Why are people buying Ripple? - page 10. (Read 2117 times)
Most people bought it because they think it's cheap but it's not.
banks are buying XRP... higher demand, higher the value of the XRP Tokens... So how does the XRP token has no value (according to u)?
Institutional investors can get Ripple directly from the company. So no bank ever is buying Ripple on the market, check how much XRP is reserved to be sold to banks and start panicking. The recent pump is for no reason at all, just Koreans pillng in.
I think the most common reason is the return of their investment and that they will surely get a return.
- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.
The most common reason why many are investing for such project is the return of their investment but it doesn't that they will surely get a return. So the wiser investor will likely to stay out in this kind of project.
because the price rises so many buyers in the ripple but as more and more invest in it the price will be higher, because once in the day it hits the ethereum So ripple coin is rising.
To get profit when it increases further more. I guess it will pump more in coming months.
banks are buying XRP... higher demand, higher the value of the XRP Tokens... So how does the XRP token has no value (according to u)?
I don't think banks are buying XRP. Which banks are buying it? Ripple (company) can do inter-bank transfers without either bank buying XRP.
banks are buying XRP... higher demand, higher the value of the XRP Tokens... So how does the XRP token has no value (according to u)?
Ripple are the banking systems and we all hate banks here so only the bank lovers will buy ripple and hold ripple. It's okay to speculate the price and other things but I wouldn't keep ripple anyway.
investor want to make profit so they buy and hope it would pump. we have many reasons why we have here and one is to earn and profit. they see ripple go up so they go with it.
I think that people, and especially newbies are into ripple because it is cheap to buy one coin and they whant to see a lot of coins in they`re wallet, eventually they are hopping to catch the next bitcoin 
). It is pshilogical thing and it is catching up with those who believe they will become millionaire.
The second thing is that the banks started this artificial pump and newbies joined in making a few bucks but when it will drop it will drop hard on them and it will hurt.
). It is pshilogical thing and it is catching up with those who believe they will become millionaire.The second thing is that the banks started this artificial pump and newbies joined in making a few bucks but when it will drop it will drop hard on them and it will hurt.
All alt-coins are profitable, If you have capital then everything works according to your plans, People are buying not only ripple, there are plenty of those who seems have much potential to grow, Like Iota,Monero, Dash, and Etherium, Investments are really good as long you earn a good profit from it:)
- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.
I do not know exactly why people buy Ripple, but if I personally buy Ripple because I'm sure the price will go up, judging from the increase in rank at coinmarketcap.com and its sales volume
I also don't understand why many of people buying of this Ripple.
I see on coinmarketcap is ranking 2 beat on ethereum right now.
I see on coinmarketcap is ranking 2 beat on ethereum right now.
Ripple is a toy for bankers, I do not understand how it rose to second place in terms of capitalization in the world. It makes sense to buy only for investment and this is very risky.
I think many people buy in order to earn in the course)))
- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.
Exactly my point. I have been telling this to my friends countless times but they just won't listen. Like how they did not listen that bitcoin will be big when i told them earlier this year. They clearly are like everyone supporting ripple. They only see dollar signs and do not try to go deeper and understand what is going on with the project they are investing in. Oh well, that's their choice. It's not our fault that they did not listen.
- it is explicitly (or at least formerly) not considered a currency
- it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
- it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??
So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.
Beccause ripple is very open to manipulating and pump&dump. And the ones that buy xrp have a chance to make a really good profit. Of course with their own risk
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