XRP is the best crypto safe haven? - page 3.

Calangaman

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Quote from: g___ on September 07, 2017, 10:59:25 AM

i'm always stunned to see that there are so many btc supporters!

btc is everything but a safe haven and a gold standard! - it's a centralized coin controlled by the top 3 mining pools (controlling 51%+ of the hash).

Calling it a centralized coin is an insult to the crypto community. The Aug 1st fork showed that BTC can upgrade despite the influence of large mining pools. At least the BTC algo can't be changed any minute contrary to Ripple's.

Quote from: g___ on September 07, 2017, 10:59:25 AM

because a bank will save money on every transaction... XRP is also needed to cover transaction fees for their use of ripple's network. if any IOU:XRP becomes liquid enough, and banks can find a way to hedge their long exposure to XRP, then market makers may offer the IOU:XRP cross - order flow goes to liquidity.

That's all but wishful thinking. Banks will adopt the blockchain technology gradually and if they need tokenisation, they may very well create their own tokens or establish a standard token like they did for the Swift network.

g___

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Quote from: Calangaman on September 07, 2017, 09:03:40 AM

I'm always stunned to see that there are so many XRP supporters!

XRP is everything but a safe haven and a gold standard!

- it's a centralized coin controlled by the top 3
- the issuance of new coins and the total number of coins can be changed anytime by its creators
- there is a very bad liquidity vs marketcap because a bunch of happy fews own large chunks of it and can manipulate the price at will
- people mix up the success of Ripple as a company and the value of the token. No bank will use XRP for its transactions! Why would they do that ?

Early buyers were lucky to see XRP shot up in value only because it's an old coin, thus traded on large exchanges.
It can gain more value as the crypto party attracts lots of new speculators but ultimately XRP holders will lose lots of money.

i'm always stunned to see that there are so many btc supporters!

btc is everything but a safe haven and a gold standard! - it's a centralized coin controlled by the top 3 mining pools (controlling 51%+ of the hash).

Quote from: Calangaman on September 07, 2017, 09:03:40 AM

- people mix up the success of Ripple as a company and the value of the token. No bank will use XRP for its transactions! Why would they do that ?

because a bank will save money on every transaction... XRP is also needed to cover transaction fees for their use of ripple's network. if any IOU:XRP becomes liquid enough, and banks can find a way to hedge their long exposure to XRP, then market makers may offer the IOU:XRP cross - order flow goes to liquidity.

Rj Manik

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Ripple is a good altcoin.But I don't know how many secure or safe it.Because I always felling fear,when my buying altcoin is vanish.

ðºÞæ

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Bitcoin © Maximalist

XRP is a good laugh that much is clear.
It separates the sheep (xrp bag holders) from the wolves (Ripple investors) like nothing else. Ripple investors drowns some bait out with some crap story and xrp dart reaches in his pockets and sends his money. Ripple guy says it much better in my pocket anyway because you have no appreciation for money.
xrp is the equivalent of "pet rock", "canned air", "lucky wishbone"......
Would be embarrassing to be considered the same species as a xrp holder.

Calangaman

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Activity: 602

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Quote from: Hodor7777 on September 03, 2017, 11:16:55 AM

In my latest blog I talk about the precarious state of the economy and what investors might turn to for safe-haven assets in a stock sell-off: https://xrphodor.wordpress.com/2017/09/03/is-xrp-destined-to-be-a-safe-haven-asset/

I believe that investors might strongly consider turning to XRP as the next "gold standard" in crypto safe havens.

Let me know what you think.

Twitter: https://twitter.com/Hodor7777/status/904375295578447872

I'm always stunned to see that there are so many XRP supporters!

XRP is everything but a safe haven and a gold standard!

- it's a centralized coin controlled by Ripple company and its founders.
- the issuance of new coins and the total number of coins can be changed anytime by its creators
- there is a very bad liquidity vs marketcap because a bunch of happy fews own large chunks of it and can manipulate the price at will
- people mix up the success of Ripple as a company and the value of the token. No bank will use XRP for its transactions! Why would they do that ?

Early buyers were lucky to see XRP shot up in value only because it's an old coin, thus traded on large exchanges.
It can gain more value as the crypto party attracts lots of new speculators but ultimately XRP holders will lose lots of money.

Tiennou74

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Activity: 546

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Quote from: Hodor7777 on September 03, 2017, 11:16:55 AM

In my latest blog I talk about the precarious state of the economy and what investors might turn to for safe-haven assets in a stock sell-off: https://xrphodor.wordpress.com/2017/09/03/is-xrp-destined-to-be-a-safe-haven-asset/

I believe that investors might strongly consider turning to XRP as the next "gold standard" in crypto safe havens.

Let me know what you think.

Twitter: https://twitter.com/Hodor7777/status/904375295578447872

Right Now XRP is good because it pump and dump a bit but you can call XRP is safe heaven Grin

XRP could be hit high So be ready to make some profit

anami57

hero member

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I hold XRP. Feeling optimistic to be held for a long time because i've read an article (i am forget the link), but the point is XRP an altcoin that still exist in the future.

konco_kenthel

full member

Activity: 378

Merit: 100

yes if proven to provide the exact benefits will be many investors who tend to participate in XRP maybe I will try from now if later will more results will be maintained for continuation in the future.

olliedickman

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Not at all. Xrp is somehow centralized by the developers and therefore, it against the decentralized system in Bitcoin and the crryptocurrency. But the Japan is currently developing its system. well, it is hard to know but I do believe one thing that the cryptocurrency will be a part of our future

HashFace

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Check out tether's chart ... it took a small bump but quickly rebounded. It's pegged to the US dollar. Seems like a quick and easy way to "shapeshift" out of something in a hurry.

I thought DigixDOA would be a safe haven, too, supposedly pegged to 1 gram of gold, but it got hammered over the weekend. Down about 30% at one point.... the math on that one have never looked right to me, anyway. It did fully bounce back, though, in a few days.

leea-1334

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Temporary forum vacation

Quote from: g___ on September 06, 2017, 11:28:23 AM

Quote from: lijoe408 on September 05, 2017, 12:37:19 AM

And that makes them legit? the federal reserve is the biggest scam of all. The terrible monetary policies set by the fed are what ultimately led to the creation of the solution that is Bitcoin. What the heck is even the point of all this if you want a centralized bank partnered asset?

they're probably the most "legit" token, as they're jumping through the necessary hoops to comply with everyone. mass adoption is contingent on this and you're playing yourself if you think differently (you're also playing yourself if you think bitcoin is decentralized).

the average citizen will never believe in a non-backed asset (like from a central government). taking your crypto-anarchist ethics out of the equation, most people can't comprehend nor will they take the time to understand crypto, as most people want the easiest form of everything. that's unfortunately a piece of paper with perceived value. there will always be gatekeepers like a central gov. ripple aren't idiots.

That is a double-edged blade. Leads towards centralisation, which is bad for many people. But more control and more willingness to be regulated is more secure for everyone, especially the users. It is like being ETH, but being more compliant to the powers that be. But you are right, Bitcoin is not as decentralised as sometimes we like to imagine.

Collinslevi

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Quote from: Hodor7777 on September 03, 2017, 11:16:55 AM

In my latest blog I talk about the precarious state of the economy and what investors might turn to for safe-haven assets in a stock sell-off: https://xrphodor.wordpress.com/2017/09/03/is-xrp-destined-to-be-a-safe-haven-asset/

I believe that investors might strongly consider turning to XRP as the next "gold standard" in crypto safe havens.

Let me know what you think.

Twitter: https://twitter.com/Hodor7777/status/904375295578447872

Yes, it is very safe. I do not know when it will increase to $ 1 Cheesy

Intensity

full member

Activity: 178

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With more financial institutions backing up Ripple, I think we have a promising future with the coin. The coin has also remained in the top five for crytpo for some time too. An article I read the other day predicts Ripple to be worth $2 by 2018, which might be a stretch, but > $1 is more likely.

http://www.profitconfidential.com/cryptocurrency/cryptocurrency-price-predictions-2018-ripple-winner/

karabasss

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Quote from: Trela on September 06, 2017, 01:42:40 PM

Quote from: Buckwheet on September 06, 2017, 11:30:28 AM

:/ I think xrp can't fall just because many people join this coin when price is 0.55$ and now they dont want cut loss

The current price of Ripple really low, it cannot drop below @3000 or @2000 sat again because drop under that price = cannot recovery in long time if bullish market comeback. In current, we can start to buy Ripple and save it for next few months and wait our profit.

I would advise you to keep this coin for several years. Its price can increase several times.
This coin is very interesting and its idea can be embodied in the financial system. If this happens, then it will become very popular

Trela

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The Decentralized TCP/IP Internet Protocol

Quote from: Buckwheet on September 06, 2017, 11:30:28 AM

:/ I think xrp can't fall just because many people join this coin when price is 0.55$ and now they dont want cut loss

The current price of Ripple really low, it cannot drop below @3000 or @2000 sat again because drop under that price = cannot recovery in long time if bullish market comeback. In current, we can start to buy Ripple and save it for next few months and wait our profit.

herurist

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Activity: 1680

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Quote from: Hodor7777 on September 03, 2017, 11:16:55 AM

In my latest blog I talk about the precarious state of the economy and what investors might turn to for safe-haven assets in a stock sell-off: https://xrphodor.wordpress.com/2017/09/03/is-xrp-destined-to-be-a-safe-haven-asset/

I believe that investors might strongly consider turning to XRP as the next "gold standard" in crypto safe havens.

Let me know what you think.

Twitter: https://twitter.com/Hodor7777/status/904375295578447872

I believe people can say anything about xrp, but mostly I agree with you. Their price action history, stable volume and also positive news become my indicator to replace money with xrp. Even today xrp get low than before but this is the right time to buy more. But don't forget money management and patience. Have a nice day.

shursight

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I really think that xrp is one of the most safest cryptocurrencies that are around the market right now, just because there are a lot of banks that are investing in it at the moment, they are paying too much attention to the technology of this coin.
It can be one of the most safest coins, yes, but it is not the most profitable at this moment. It has been at $0,15 - $0,20 in the last two months.. It touched $0,40 and then dropped to $0,20 again.
There are better options, but for long term i think it can be one of the best choices

Buckwheet

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Green Mining 85% Cheaper

:/ I think xrp can't fall just because many people join this coin when price is 0.55$ and now they dont want cut loss

g___

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Quote from: lijoe408 on September 05, 2017, 12:37:19 AM

And that makes them legit? the federal reserve is the biggest scam of all. The terrible monetary policies set by the fed are what ultimately led to the creation of the solution that is Bitcoin. What the heck is even the point of all this if you want a centralized bank partnered asset?

they're probably the most "legit" token, as they're jumping through the necessary hoops to comply with everyone. mass adoption is contingent on this and you're playing yourself if you think differently (you're also playing yourself if you think bitcoin is decentralized).

the average citizen will never believe in a non-backed asset (like from a central government). taking your crypto-anarchist ethics out of the equation, most people can't comprehend nor will they take the time to understand crypto, as most people want the easiest form of everything. that's unfortunately a piece of paper with perceived value. there will always be gatekeepers like a central gov. ripple aren't idiots.

pey

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I can't say it is a safe haven for investors as investors' profit depends on only price of the coin but I can say that ripple is one of the few only successful and profitable companies in this industry.

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