Topic: Why are people buying Ripple? - page 8. (Read 2128 times)
More and more people are buying inthe ripple coin just because the price of it is rising. But how much profit you can get depends on when you buy it.
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.
For early hodler of Ripple those guys are very lucky and probably an instant millionaire but for those like me who are planning to enter at the current price I think it is very risky. I have second thought if I buy or not
How do i recover my orginal acct?
didnt we get some insane 50,000 for joining site at start
didnt we get some insane 50,000 for joining site at start
because of ripple base on internet protocol, the payment is so cheap and fast
financial system is reachable and Interconnected finances
financial system is reachable and Interconnected finances
I don't know much of Ripple, but maybe it has what they were looking for; transaction time, fees, per second. Maybe, I don't know. Hihi.
Ripple coin have 3rd ranking in the world and it is banking sector project which is giving best services to their connected bank across the world. Ripple have the a big market cap which is playing the major role to increase the price of ripple. According to market cap if ripple price will reach up to the $15 dollar then it can come to the 1st rank in the top 10 coin ranking which is the powerful achievement.
The whole point of cryptocurrency is decentralization, but Ripple is controlled by a bunch of banks and the transactions are tracked. I don't see why people buy something that is centralized and controlled by banks. Ripple is just hype. Don't believe the hype.
japan/korean banks are testing xrp right now. mexico bank is using xrp. arrington capital is using xrp. many more to come. don't miss the train. ripple will overtake bitcoin this year.
People are buying Ripple because they are desperately trying to make some M.O.N.E.Y!!! Why else do you trade stocks, currency, bonds, futures, alt-currency...What else is there?
- 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 have a similar question about ripple to understand more about the hype that its having right now. What will ripple achieve for the 'normal' consumers? I have read that ripple network is between banks for cross-border payments with end-to-end tracking. But will ripple ever be like bitcoin or other altcoins where end users can do transactions with each other or buy goods with ripple without an intermediary or are we simply investing in a project of a company just like shares/stocks but then in ripple?
if ripple is so great, why don't the big banks just fork it, it's open sourced.
Well I believe it's best to hold on to your ripples... It has serious potentials... It's currently going for $3.05 
Ripple has a very strong support of community despite of its drawbacks. Now it could be considered as a "stable" growing coin.
Yes! I think so! At the moment this coin verry attrative to invest! Buy more when Ripple will grown up to $10 in midde of 2018 Market cap is 2nd after btc, and price low. not many analyze so strong, and buy it
Price is low? Are you sure about it? If you just have seen on how Ripple grow for just a short amount of time then you'll see on how it's quick. The price seems to be lower before because it has 34 billions for it supply and it's market cap is not questionable as it's being supported by the banks. People wants to be with the banks and don't blame the banks if they are starting to take profits. - 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.
Many of the true "crypto-enthusiasts" are ideologically opposed to holding Ripple due to its centralized nature. However, many of those who buy Ripple are investors that are only interested in its potential rise in price. For them it doesn't matter how you classify Ripple, its utility, or its stance in regards to traditional crypto values. If they think that the hype will bring the price up, then they can make a profit off of it.
Also, Ripple is very well a currency. It can be: a) exchanged for something of value, b) exchanged for other currencies, and c) is limited in its emission (at least so far). If the currency is USED as an intermediary - then it is used for something, aka useful, aka it has value.
You know actually Spo is right, I used to bad mouth Ripple and then brag about my profit, even now I''m thinking about buying back the same coins which I've sold for $2.2 at $3.2 because my beggar senses are telling me this scam will go higher.
I'm amazed how Ripple could potentially sell one billion XRP at $3 to earn $3B while generating them had zero cost for them and then tell the people they're reducing the costs of transactions, even if they spend $1B to make 1B XRP they could have earned back that $1B by charging transaction fees.
You could never know how much they are really spending to maintain the network, no body knows, if they are spending $1 per transaction, you would never know, you have no access to the data.
I'm amazed how Ripple could potentially sell one billion XRP at $3 to earn $3B while generating them had zero cost for them and then tell the people they're reducing the costs of transactions, even if they spend $1B to make 1B XRP they could have earned back that $1B by charging transaction fees.
You could never know how much they are really spending to maintain the network, no body knows, if they are spending $1 per transaction, you would never know, you have no access to the data.
At present, the Ripple's exchange rate is increasing rapidly, with the current Ripple rate of $ 3.17, up more than 30% from yesterday, predicting that the coin will rise sharply in the near future. Especially this coin is behind having his big Google back against so the safety when investing in this coin is so high, so people invest a lot in it. 2018 is expected to be a boom year for Altcoin because of the current Altcoin coin such as Ethereum, Ripple, Dash, Stellar...
- 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.
Because its going up.
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