Topic: Why are people buying Ripple? - page 11. (Read 2128 times)
because ripple has many fans and of course the resulting huge profits, hence a lot of people buy a ripple that they got a big advantage.
It is just all about FOMOing, fear of missing out. They thought that the expectation of the early buyers and those manipulators that the price will continue to go up but they didn't know that the market is just being pumped by the manipulators and also the FOMO people and if you are really into great technology and investment then do more research because ripple is not the only one.
Of course to make money from the money 
So far there has been a lot of discussion about it. I think Ripple is one of the few cryptocurrency that is very bright for the future.
So far there has been a lot of discussion about it. I think Ripple is one of the few cryptocurrency that is very bright for the future. 
Because of the possibility of a higher price in Ripple. Its the only coin in the list to top 5 crypto which is less than $100 even.
I bought in just out of speculation :-)
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Like all other crypto. You buy because the price go up. At the moment use do not matter that much. Speculation for the future only.
A digital currency's market price plays a big factor that people are investing on that particular digital currency. In Ripple's case, it has a very cheap price where you can buy it in much bigger volume and since it is also evident that its market cap is big which is third, people continue buying on it until its market cap surpasses ETH's.
Even a small pump of digital currency's price can mean a big profit.
*Disclaimer* I own Ripple and bought a lot a month ago. Still have it.
I have noticed in the partnerships with banks they are using Ripple as their test chain. The long term development is not to solely use Ripple but use it as a middle-man while the banks develop their own block chain.
So the long term use is iffy, once banks get hip to their own block chains.
However, some of the smaller ones could just decide to use Ripple indefinitely because of the low-fees/transaction times instead of building out their own. Don't expect JP Morgan or Wells Fargo to use Ripple for anything. They will build their own.
I was really surprised at how fast the transfer times were. (A lot faster than bitcoin or even litecoin)
I wonder what coinbase thinks about it.
Will they put it on their exchange because they see it as a long term diversification or will they go with something like Dash or Monero which has more long term use?
Anyway, my 2 thoughts.
I have noticed in the partnerships with banks they are using Ripple as their test chain. The long term development is not to solely use Ripple but use it as a middle-man while the banks develop their own block chain.
So the long term use is iffy, once banks get hip to their own block chains.
However, some of the smaller ones could just decide to use Ripple indefinitely because of the low-fees/transaction times instead of building out their own. Don't expect JP Morgan or Wells Fargo to use Ripple for anything. They will build their own.
I was really surprised at how fast the transfer times were. (A lot faster than bitcoin or even litecoin)
I wonder what coinbase thinks about it.
Will they put it on their exchange because they see it as a long term diversification or will they go with something like Dash or Monero which has more long term use?
Anyway, my 2 thoughts.
The reason behind ripple market is that some major banks have started to use ripple in their banking system and banks wilk prefer to accept centralized currency ever if their potential ability in coin. Ripple helps a lot to make inter-banking super fast, not only bankers but outsiders would also be able to take benifits from trading ripple coin. Ripple is currently leading altcoins in market cap
There are so many buyers in the ripple coin because the price rises but it still depends on people when they choose it, but I think it's rising because the price is rising too.
People buying Ripple either:
A. Have no real understanding about the crypto revolution
B. Think they can 'time' the banking collapse and believe they can get out in time with their profits
I played the B. game for awhile but got out after the recent run-up, ain't holding that deep into 2018.... no WAY!!!!
Ripple is a good banking sector coin and many global banks working with its technology and it comes to number 2 place in coinmarketcap and now more new investors are interesed in it to add it in their portfolio.
People are attracted to coins having quick growth.
They believe that this "price rocketing" can be continued in the future. None knows exactly what is going to happen.
Ripple is a centralized coin and it is created by bankers. You can't mine it, all the initial coins belong to the creator of the coin.
So if the owner/creator is pumping up the price and wants to get the money and leave you are doomed.
There are many other decentralized coins that worth having them.
They believe that this "price rocketing" can be continued in the future. None knows exactly what is going to happen.
Ripple is a centralized coin and it is created by bankers. You can't mine it, all the initial coins belong to the creator of the coin.
So if the owner/creator is pumping up the price and wants to get the money and leave you are doomed.
There are many other decentralized coins that worth having them.
Majority of people buying Ripple are doing so for speculative motives. Not necessarily that they love Ripple, but they buy it with hope that more demands will drive the price upwards further thereby giving the a reasonable return on investment. I buy XRP because I want good ROI in the future.
It's amazing how some people think it's acceptable that the Ripple comapany still holds 61% of all XRP.
Also the founders still have at least 10% on top of that.
Now there's lots of people shilling this crap, just so they can get a few crumbs, helping this company become very rich.
Also the founders still have at least 10% on top of that.
Now there's lots of people shilling this crap, just so they can get a few crumbs, helping this company become very rich.
Probably because it will give them so much profits when it reaches another all time high,
I already sold my xrp on 17090 sats: I started to hold it on 1569 sats.
I sold it ASAP when I heard the news about the plans of the banks.
We all hate banks, they want to manipulate and control our world.
Correct me if I'm wrong. I think people are buying xrp because they want to increase their
BTC volume but not to HOLD the XRP forever.
I sold it ASAP when I heard the news about the plans of the banks.
We all hate banks, they want to manipulate and control our world.
Correct me if I'm wrong. I think people are buying xrp because they want to increase their
BTC volume but not to HOLD the XRP forever.
- 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.
People dislike Ripple because its centralized and its tech is used by banks. Whatever the case, buying Ripple now that its hot in the market is good if you want to profit.
You mean a very few ignorant people dislike Ripple because they see that banks will use it. They stopped reading about Ripple there because if they continued they would see that banks have zero control of Ripple or RippleNet. No entity control RippleNet. Its a decentralized system for quick payments for you and me.
Anyone that dislike Ripple because banks use it, need to take off their tinfoil hat and face the fact that banks will never lose or go down.
Anyone that supports the shitcoin Bitcoin that steal your money with high fees, and talks crap abput Ripple that is almost free to use, should be ignored.
I can agree with this thought, Ripple at the end of the day is better in most ways compared to Bitcoin. The Centralization side of things can be argued though, as its not as clear as we think it is.
On the other hand: transaction times are pretty fast and fees are usually pretty low, so it is perfectly usable.
Perfectly usable for what? Is anyone using it for said purpose?
- 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.
Your third point is probably the reason. People hear "banks use it" and they heavily invest in it, because banks are trusted these days. On the other hand: transaction times are pretty fast and fees are usually pretty low, so it is perfectly usable.
I agree with your opinion, but we are in the world of cryptocurrency for want of decentralization. And the emergence of Ripple makes me hesitate with this one coin. On the one hand, it has great potential, on the other hand, it is centered.
- 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.
People dislike Ripple because its centralized and its tech is used by banks. Whatever the case, buying Ripple now that its hot in the market is good if you want to profit.
You mean a very few ignorant people dislike Ripple because they see that banks will use it. They stopped reading about Ripple there because if they continued they would see that banks have zero control of Ripple or RippleNet. No entity control RippleNet. Its a decentralized system for quick payments for you and me.
Anyone that dislike Ripple because banks use it, need to take off their tinfoil hat and face the fact that banks will never lose or go down.
Anyone that supports the shitcoin Bitcoin that steal your money with high fees, and talks crap abput Ripple that is almost free to use, should be ignored.
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