Why are people buying Ripple? - page 2.

fanbeila

hero member

Activity: 714

Merit: 500

Quote from: ulhaq on December 28, 2017, 11:16:39 AM

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.

Yes. You are absolutely right. Ripple is just used for exchange between banks and it is the only reason for increase in its marketcap.It is totally centralized which is opposite to the concept of decentralized currencies.

Soksuci

member

Activity: 199

Merit: 10

Mercy

DK man. I also confuse why many new comers are believe in XRP so much.

Maybe because it was cheap compare with ETH and BTC.

But they don't the fundamental of it.

AliCris

sr. member

Activity: 532

Merit: 251

After the ETH began to beat its records on the rise in the mountain, one can observe a sharp outflow of investments from Ripple. And this will continue every day more and more. This coin will remain valuable for those who believe in it or for those who listen to other people's advice and will buy it.

Sanderion

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https://eloncity.io/

Quote from: CryptoEnthused on January 14, 2018, 06:19:51 AM

the only people who invest in it are gamblers or noobs. noobs think that it's still affordable and can rise to the price of $100 and so on. lol

Buying XRP people fall into the trap. They think that it is a secure investment. "Can it be a Scam coin if it is in the top three on CMC? Of course not" - they think. They think that the majority can't be wrong and end up losing their money. History, as old as the world.

CryptoEnthused

member

Activity: 190

Merit: 15

the only people who invest in it are gamblers or noobs. noobs think that it's still affordable and can rise to the price of $100 and so on. lol

fengzhenwu666

newbie

Activity: 34

Merit: 0

Everyone has his or her own opinion, and some people buy it, and its propaganda is really good, and it may be that it attracts others to buy it.

Jinbe Vivaldi

member

Activity: 112

Merit: 10

i think more trader buy it for profit.. when the price is grow they will sell it
look at current price and you will understand it

Quote from: docrypto on January 14, 2018, 03:44:47 AM

Ripple has a lot of interest at financial institutions. That's not going to change.

yep, more private bank work together with them but i can not see real implementation YET

coin5haker

member

Activity: 350

Merit: 16

~bitcoin enthusiast~

Hopefully, Ripple will return to the pit where it belongs. Not possible though, even I will buy it at 0.24 Grin

But it really hurt my feeling when I saw it at 4 USD (can read it as butthurt).

docrypto

newbie

Activity: 38

Merit: 0

Ripple has a lot of interest at financial institutions. That's not going to change.

kdn

newbie

Activity: 57

Merit: 0

I bought alot early at 0.18c each its done good for me, just because its centralised doesn't make it bad

torukmakto

member

Activity: 219

Merit: 10

I dont trust ripple actually I believe its a buble. Some investors they made damage bitcoin and ethereum so they create speculation. after this period it will die slowly. Sell your tokens dont lose much.

jam22

full member

Activity: 198

Merit: 100

People are buying ripple right now cause it lowered its value and it have many speculation that'll rise soon.

Lerikaweb

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Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

While the demand on Ripple is high, it is usable for fast trading operations. No matter whether the demand was created artificially or naturally, it helps people make money.

qigong13

member

Activity: 161

Merit: 12

It hit the normal, average joe so increase the demand for it hence price up.

yugyug

sr. member

Activity: 616

Merit: 256

Ripple XRP caught attention during the high demand but slow transaction processing of bitcoin last month. Ripple was cheap at that time with virtually low transaction fee and blazing fast transaction speed that's why some imaptient investors bought XRP because of that features but to think of it that it was controlled by the bank it doesn't seem to be real cryptocurrency for it was centralized by bank and the Ripple system.

squidiot438

newbie

Activity: 75

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Price could be manipulated, I agree since banks are probably pumping it up to gain interest from the public... But. it could be a good investment as I think Ripple will soon be used for microtransactions.

Iamdeadlyz

member

Activity: 402

Merit: 19

I think due to its increase in price, well I think the price is really manipulated so.. yah people can gain much more money

iluvbtc

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Merit: 100

Quote from: ulhaq on December 28, 2017, 11:16:39 AM

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 blue pills are buying it because they don't see what is coming down the pike. It's the bankers coin, and when (not if) the banks start to fail, they will be selling their RIPPLE as quickly as possible in search for any and all liquidity to stay afloat. It's just a matter of time.... watch

alt18coins

jr. member

Activity: 261

Merit: 2

People are buying Ripple because it is a safe investment.Now the prices of ripple are low,but in future their prices are increases and gives more profit to the investor.

DBronze98

full member

Activity: 403

Merit: 100

Quote from: ulhaq on December 28, 2017, 11:16:39 AM

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 think Ripple has made a lot of good changes as well as they have come up with a new roadmap that will help all traders see the potential of it to thrive in the future which makes many people notice it as well as invest in it.

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