Topic: Why are people buying Ripple? - page 16. (Read 2128 times)
I see the ripple movement in various markets is very good and also increased, I think someone is not wrong choosing ripple coins as a purchase destination for the sale in order to gain profit.
- 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.
+1
Not enough sane threads like this in the sea of greed and bullshit.
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?
Why use ripple ??
https://ripple.com/xrp/
WasTriffin ..
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.
Indeed, that's the main reason behind because time is ticking and and the moment you waste time you'll gotta waste money and coins also.
Now, knowing that Ripple is one of the future coin and some banks are going to support it is just a lucky decision.
My experience is I read their white paper and the company background after I bought bulk coins in the trade.
The very reason the moment I was gonna decide to buy more Ripple coins is that it's very cheap and it is one of the top 100 Altcoins so I know Ripple will be going somewhere so I grabbed the best opportunity while it's cheaper than today.
I think also point 3 is the main reason.
My first Coin was Ripple, for that reason. Banks use it, banks do not want to lose money.
When I dived deeper into crypto I sold the coin, unfortunately, if you look at the course, too soon ...
But I can live with it. In my crypto career Ripple will never hit my portfolio again
Edit: But i have to say i use Ripple to transfer my funds from one exchange to another bcs honstly its fucking fast and cheap
My first Coin was Ripple, for that reason. Banks use it, banks do not want to lose money.
When I dived deeper into crypto I sold the coin, unfortunately, if you look at the course, too soon ...
But I can live with it. In my crypto career Ripple will never hit my portfolio again
Edit: But i have to say i use Ripple to transfer my funds from one exchange to another bcs honstly its fucking fast and cheap
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?
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.
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?
Im afraid nobody is using any altcoin for anything that isn't pumping and then dumping it for more bitcoin.
Ripple is a total shitcoin, it's pointless if you care about anything that isn't moving money fast from A to B without the underlying details. Any shitcoin can do this. Dogecoin can do this, any of the bitcoin forks can do this, this is not the point and this is not why bitcoin is valuable (only a part, but not everything).
So the answer is obvious: speculation. Ripple is pumped by X Y or Z big company = speculation starts and we have these peaks on the price, that is all.
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?
Is this a joke right ? Or a big promo ? one of these 2 anyway. Ripple are the bankings 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 rippple anyway.
- 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.
- 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.
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