Why are people buying Ripple? - page 9.

Jerusareth

jr. member

Activity: 73

Merit: 1

Quote from: Thermatic on January 03, 2018, 05:21:57 PM

I have no idea why people still buy ripple. It seems overpriced and too centralized. It's not a great coin compared to Eth yet it has a higher mcap

If we don't know a thing that doesn't mean it's useless, there is always a reason why Ripple's price keep on increasing. Banks are really supporting this coin and with that it really affects the price of it and many people are getting along the ride of this hype also and that's is normal with crypto world.

PensacolaPI

newbie

Activity: 18

Merit: 0

I looked at it from an investment standpoint, it made sense from the business perspective. I was too busy to buy it when it was at .25 a few weeks back. I bought Ripple on the 29th at $1.62 and bought 545 coins. On the same day, I bought 2,625 Stellar XLM at .32 each. So here we are a few days later and from a purely investment standpoint, I'm up $2,200 in profit and mostly from Stellar.
From a market cap perspective, in a matter of mere days Ripple is basically at half the market cap of Bitcoin which in insane. I am going to put another $2K into Ripple here within a week and hopefully before it hits Coinbase, it's going to go thru the roof at that point. If a company like Amazon starts to use it, there's no limit as to where it will go.

MIZANUR5033

member

Activity: 364

Merit: 10

Ripple is a very good coin. Third point of the info probably the main reason why people are buying and using it. Most of the people want to do the same work what the banking systems are doing and they know that bank will never do like this work which will bring loss and for this reason people knows that this coin will not be the thing that will bring loss to them. so that they can invest there without any doubt. Those people who like to invest for a long term are like it very much because it runs with long-term investment system. These are the main reason to buying it.

Thermatic

newbie

Activity: 42

Merit: 0

I have no idea why people still buy ripple. It seems overpriced and too centralized. It's not a great coin compared to Eth yet it has a higher mcap

disam

sr. member

Activity: 394

Merit: 250

nowdays is mostly FOMO - fear of missing out. The second reason is coinmarketcap page, where people see first couple of coins an xrp is the cheapest ( nevermind the supply ). Also price is quite up from olddays and people are looking for coins on the rise. #dyor

natasha-lev

newbie

Activity: 210

Merit: 0

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.

It's a very interesting question. The possible answer is that nowadays the cryptomarket is driven by hype, news, encreased expectations and etc. There are many undervalued projects with great background, but nobody knows them and that's why nobody buys them. This is my personal opinion. I also don't understand high ripple prices at all.

NLO

member

Activity: 448

Merit: 10

MenaPay - Crypto made easier than cash

http://graph.org/Ostorozhno-Ripple-Tajnoe-oruzhie-bankirov-v-dejstvii-12-30-3

to the ripple of trust there

tengkukaya

member

Activity: 131

Merit: 10

Market cap is 2nd after btc, and price low. not many analyze so strong, and buy it

ruffles2016

sr. member

Activity: 475

Merit: 250

Presale is live!

As far as I can see people buy ripple just to get profits and exit later. This is only thing I can call. I don't see many people believing ripple being banking coin. I never bought ripple btw.

virtualhero

member

Activity: 161

Merit: 10

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.

One reason is because they could profit from it. 2nd is it is being hyped that is why the price shoots up, remember that this are bankers that has a money to control the price.And 3rd is be realistic. Banks won't go anywhere, they will try to adopt in order for them to survive.

Shaour Zafar094

newbie

Activity: 238

Merit: 0

i think Ripple came on second number in website that i used and it will expect to increase much in the future. i think thats why people are so interesting in buying ripple

Carmen01

full member

Activity: 294

Merit: 101

Streamity Decentralized cryptocurrency exchange

You can easy think to buy any coins base on the developer and in the community so that's why they invest in ripple like also btc cash.There's a lot of coins that you can see develop good even the price is not good now,i think you need to buy it even risky because if you know btc value when it run here in crypto it's just a little like the other coins here that run now and you believe in any investing in a coins here because you also want to earn.

Chokolo

jr. member

Activity: 168

Merit: 1

Quote from: swaptaker on January 03, 2018, 03:05:17 PM

Quote from: ulhaq on January 03, 2018, 01:06:18 AM

Quote from: msuheb on January 02, 2018, 04:47:32 AM

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 never buy such coins. Most of the ripple buyers of the present time are the ripple haters of the past. I can't uderstand their behaviour really. They were saying ripple was the worst thing ever, then they decided to buy and trade ripple on exchange websites.

Because they know deep inside that Ripple is awesome and will be the biggest coin of 2018 Wink

swaptaker

full member

Activity: 187

Merit: 100

Quote from: ulhaq on January 03, 2018, 01:06:18 AM

Quote from: msuheb on January 02, 2018, 04:47:32 AM

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 never buy such coins. Most of the ripple buyers of the present time are the ripple haters of the past. I can't uderstand their behaviour really. They were saying ripple was the worst thing ever, then they decided to buy and trade ripple on exchange websites.

Frank76

member

Activity: 490

Merit: 10

A lot of people buy Ripple, because they want to become rich. It is really true

SNAPCALLHERO

member

Activity: 115

Merit: 10

XRP is really a nice coin which were released by a good corporation. they have created a potential technology which can used in international payment at the banks. So, there is a bright future for XRP. You also should invest in it now to get profit in the future.

Cointribute

member

Activity: 98

Merit: 10

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.
[/quote

I think more like hype and excitement

ferrybitcoin.1996

full member

Activity: 294

Merit: 119

For Bounty Hunters, Don't Cheat or You DIE!!

Their main reason is Bankery. I heard many banker using Ripple system

m9shn9sh

member

Activity: 182

Merit: 10

When everyone has already seen that you can make money on growth, it means that there is already nothing to do. Because those who have made this growth, already go out or just come out.

CryptoAnnie

member

Activity: 74

Merit: 10

In crytocurruncies ripple has already made a name for itself. Ripple is a long term investment for future if you are serious about making money ripple is a good option.

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