Ripple was made for banks 
Better way to say it: Ripple is helping solve a real problem, trying to make your life and my life better along the way
#xrpthestandard
Topic: Why I would never buy XRP (Read 801 times)
Better way to say it: Ripple is helping solve a real problem, trying to make your life and my life better along the way
#xrpthestandard
Well good that I am already out of this coin. Its just looks like repeat of XVG on a better coin.
I did buy a few Ripple, and I don't mind about it. Even if they freeze Ripple anytime soon, I don't regret buying a few. The growth is slow but steady.
If they manipulate us for their gain, I would treat XRP like I'm donating for a good cause. I'm still grateful for owning a few Ripples though, even if I lost them in the dust I don't really care.
Cryptocurrencies are unpredictable, especially Ripple.
If they manipulate us for their gain, I would treat XRP like I'm donating for a good cause. I'm still grateful for owning a few Ripples though, even if I lost them in the dust I don't really care.
Cryptocurrencies are unpredictable, especially Ripple.
Yes for having fun and speculating a bit, it is great.
Trouble is, some people have bought it very low, and they are shilling it all over the place having dollar signs in their eyes. But sure enough they forget to mention that it is not a cryptocurrency but a token in a corporate payment network
Paypal or Visa could issue a token, too, but at least then people would understand.
I reckon, Ripple labeled as not a real cryptocoin is wrong. It might be better to label it as a different flavor of a cryptocoin. It also is backed by the maths.
But what I do not like about it are the missing transactions at the beginning of its ledger. That should be investigated.
But what I do not like about it are the missing transactions at the beginning of its ledger. That should be investigated.
Ripple was made for banks
Apart from this single bump & dump Ripple has been one of the worst performing coins (or should I say tokens) I have had since the summer. As an investor I dont see any value in it. I can instantly think of 20 other coins that give better profit and are not fully controlled by single company.
Ripple is way to centralized to be used for long term investment, it can be manipulated at any time. I will much rather invest in anything else than ripple. The only case for it is short term speculation. Nothing more.
Thanks for the details warning explained. I was wondering how this XRP was increasing so much in recent few weeks. With centralized by bank, this coins are could be manipulated and any chance to be freeze in later. By now, there only short-time investment if we need to gain profit from trading it, else way by long-term investing i will not advise it.
Looks like it's on its way to the moon!
USDT coverd by FIAT?
Muhahahahaahahahahahahhaahahahaha
Muhahahahaahahahahahahhaahahahaha
Thanks Pal for this significant information to us, this would be a great help to me and a big warning in investing in the XRP.
I got in on ripple about 5 or 6 months ago after a supoman video recommendation and just held still holding. I can’t shit on it as I have seen huge gains but I don’t use it or fully understand the concept. I know it’s a payment gateway for banks but is it successfully and who they are working with in the banking industry not too sure. I’m not sure when to cash out into btc either. Feels like a good time but this altcoins boom feels like it can go on further for ripple
XRP has recorded a staggering 163.5-fold increase in value. In crypto, think in market cap. Not price per coin. Market cap gives an estimate of the potential growth. Price per coin doesn’t mean anything as the supply for each altcoin differs.
No matter the negative comments towards XRP, I would still definitely invest in it as I have done my own research and will definitely observe proper risk management.
You made great explanations there friend and i totally agree with your. I don't wanna put my money into centralized projects. I don't trust them anymore. We should support decentralized coins because that's how crypto should work.
XRP they have pledged to keep their coins in escrow and keep them locked away. This is a big point for keeping the price stable
Isn't this the problem? A private company now controls 40% of the supply. They are free to manipulate the market just like big central banks.
Little offtopic: What is your opinion on cryptos which are somewhat tied with government i mean Waves (Russia) and Neo (China) ?
XRP they have pledged to keep their coins in escrow and keep them locked away. This is a big point for keeping the price stable
Well if you ar XRP mod why don't you answer this guys question about why it costs almost $40 to open an XRP wallet?
https://www.reddit.com/r/XRP/comments/7mugth/activate_ripple_desktop_wallet_which_i_downloaded/
"Unlike Bitcoin wallets which are free, Ripple wallets require you to have 20XRP to book your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).
Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses."
https://www.reddit.com/r/XRP/comments/7mugth/activate_ripple_desktop_wallet_which_i_downloaded/
"Unlike Bitcoin wallets which are free, Ripple wallets require you to have 20XRP to book your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).
Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses."
Are you saying every XRP wallet cost about the same as sending bitcoin ONCE from one wallet to another one?
What could be the reason for that? Why are XRP transactions almost free then, compared to BTC?
If BTC wallet are free, I'd expect BTC to promote that kind of freedom everywhere, even when sending
BTC from one (free) wallet to another (free) wallet
thats reason not happen to me.because i am trader that take advantages for each opportunity from each token / coins.no reason to refuse every single opportunity to gain profit
Hi man, thank for your warning. But unfortunately, today Ripple overtook Ethereum by market capitalization. Ripple is for banks. if Ripple wins, banks win. Hope ethereum can beat ripple again. When Ripple falls it's going to fall hard.
Now here people like you and him warning on investing ripple but this thread has been created few weeks ago. Many people might stop investing on this coin. I see my friend also who invested on ripple and bought the 1000 xrp with the fund he saved with him.
I see many banks only acquiring the ripple payment option in the world. I think as you said this coin is for bankers only not for the normal crypto users.
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