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Topic: [XRP] Ripple announcing lock-up next month (june) - Shoot to stars - page 6. (Read 53492 times)

member
Activity: 84
Merit: 10
Many seem very clueless about what XRP actually is.. ..


>> In order to facilitate a currency swap 1 drop is burned per transaction. 1 drop is 1/1000000 of  ONE XRP (!!!) ....

WRONG: To facilitate swap of worth X, Y amount of XRP is required on the ledger. Where Y = X + Ripple network fees. So simply put 100 dollar swap requires 100 Dollar worth XRP. XRP is the protocol asset, that "Stands" instead of a counter party.  Go educate !



>> Ripple Labs created 100Billion xrp in this way to sustain global finance for decades, if not centuries....

and thank god for that. I would any day trust  a registered , regulated and licensed company which can be sued in court for fraud, instead of basement and onion web altcoins. So again - Apt for your name, go trust the mafia and hope word of mouth is never cheated upon. We  love civilization.

>> You and me as normal people therefore only need to possess 1 XRP to , for the rest of our lives, have the possibility to make currency swaps with our family/ friends in Australia/ Brazil/ Canada/ Europe etc.... But that is pretty much all we can do with XRP... cheaply convert euro into usd etc etc...

LOL, have any idea what you are blabbering ? because its incoherent.  Here : The yearly numbers from pewresearch (http://www.pewglobal.org/interactives/remittance-map/) and mind you this is only 42% of labor based ( daily hard working international employees ) remittance - sending money back to and fro home.




>> Unless you are a billionaire with family in every economy worldwide you want to send money to on a daily basis, there is not much real world value to owning more than 1-10 XRP.... You just dont need more than that to successfully use the system for years and years...

Wrong, It is investing in 21st century Swift and also holding an instrument that actually does the job. Better then holding apple stocks , google shares etc.. here you are investing in future of great technology that is trying to achieve IOV and also holding the asset responsible.

You know what IOV is ? go read


>> XRP and STR are bridge tools, not currencies.... educate yourself ..

LOL, LMAO - A Platform is a tool ( Example RCL , or private ledgers) , XRP is an "asset" that the tool 'uses' ... what does it do ?

For a start saves banks from having nostro accounts at 100 other banks in many foreign countries and hold foreign reserve in each of these places.

Now, banks can simply worry about being present in rcl, trusting partners and simply holding XRP - The protocol enabling "Asset".

Man ! you went to school ?


>> The only parties that would be interested in buying XRP from you are (central) banks.... But they will have their own stock that will keep them going at least until 2075 or so.... So you can wait for that order the next 50 years....
 
How about I burst you bubble here again .. ?  here we go

Here :




>> I was really surprised to see the insane recent rally on XRP and Stellar but now I see what it was about.

We  you know what is liquidity ? you know what is liquid market ? you know structure deficit ?

Because we know why you are here, and your desperateness is strangely satisfying... the more you attack, the more truth comes out, and the stronger ripple gets as people see all the hard work they have done while everyone in crypto world was pretending real work , governments and banks doesn't exist.

LMAO, So Troll , now be enough ashamed and go away - we are not interested !


full member
Activity: 138
Merit: 101
Many seem very clueless about what XRP actually is..

It will never be an IMF reserve currency because of the simple fact that XRP is not a currency. It is a simple bridge tool to make a currency swap between two different currencies fast and low cost. There lies the value of Ripple for banks.

In order to facilitate a currency swap 1 drop is burned per transaction. 1 drop is 1/1000000 of  ONE XRP (!!!) Yes, that is one millionth of a single xrp is only needed to swap between two currencies.

The height of the fiat (USD or EURO or JPY etc) value in that swap is pretty much limitless... This means that banks can swap BILLIONS of USD with GBP or JPY on just a couple of drops...

Ripple Labs created 100Billion xrp in this way to sustain global finance for decades, if not centuries....

You and me as normal people therefore only need to possess 1 XRP to , for the rest of our lives, have the possibility to make currency swaps with our family/ friends in Australia/ Brazil/ Canada/ Europe etc.... But that is pretty much all we can do with XRP... cheaply convert euro into usd etc etc...

Unless you are a billionaire with family in every economy worldwide you want to send money to on a daily basis, there is not much real world value to owning more than 1-10 XRP.... You just dont need more than that to successfully use the system for years and years...

Now we see the speculation on XRP and people holding thousands - even millions - of XRP...... Now in the bubble it is cool and if you sell fast you can make sick profits... but in the future you will just sit on thousands of XRP that wont do anything for you at all... Nobody will buy them from you...

The only parties that would be interested in buying XRP from you are (central) banks.... But they will have their own stock that will keep them going at least until 2075 or so.... So you can wait for that order the next 50 years....

XRP and STR are bridge tools, not currencies.... educate yourself before you pour all your money in here just because you read about banks and central banks... this is NOT a currency and never will be...


I was really surprised to see the insane recent rally on XRP and Stellar but now I see what it was about... The big whales have also noticed the gullible dreamers that get wet reading the words central and banks, and the whales have created the waves to pump and dump... just check the order books on Polo.... Whales buy and sell 30-70 BTC per trade and have eaten most of your newbies money by now.... The crash of Stellar and Ripple yesterday and today just sealed the deal.....Be warned, if you want to trade xrp - which you are free to do - just dont lose sight of the whales with the multiple BTC orders cuz they will eat all your money in a heartbeat..

Anyway, Im staying away after I sold my modest gains over all of last week. Good luck! )

full member
Activity: 280
Merit: 101
How to hell can you find this sh't on Yobit? I CAN'T FIND IT Grin
legendary
Activity: 2758
Merit: 1075
my oh my, the Ripple cultists are going to have a bad awakening, this is worse than Onecoin  Grin

^legendary lol..god help us
yea so true, your so smart, can you teach me more of your wonderful knowledge  Tongue ...onecoin and xrp are both the same, both worth billions, ....both have excellent dev teams and work with the elites of the financial world.  Roll Eyes


Onecoin? really? LOL.  



Well  I can say locking up supply is a good move from XRP.  This might be a propaganda or a scheme, good news then coupled with some hype plus price pumping to excite supporters and those who are watching from the outside to lure them in and join the community  Grin.  I can say wise decision XRP dev.  Now where is the bull trap?
sarcasm lol...i hate onecoin...scammers , i know a few idiots that bought that crap over eth and btc and told me that i was wrong.  Cheesy Cheesy Cheesy

GUYS idea...................LETS MAKE A REAL ONECOIN lol....everyone who has bought it will get the coin from us free....lol
sr. member
Activity: 1372
Merit: 348
my oh my, the Ripple cultists are going to have a bad awakening, this is worse than Onecoin  Grin

^legendary lol..god help us
yea so true, your so smart, can you teach me more of your wonderful knowledge  Tongue ...onecoin and xrp are both the same, both worth billions, ....both have excellent dev teams and work with the elites of the financial world.  Roll Eyes


Onecoin? really? LOL. 



Well  I can say locking up supply is a good move from XRP.  This might be a propaganda or a scheme, good news then coupled with some hype plus price pumping to excite supporters and those who are watching from the outside to lure them in and join the community  Grin.  I can say wise decision XRP dev.  Now where is the bull trap?
newbie
Activity: 25
Merit: 0
XRP reached 14k in no time... i think this is the fastest of a coin

yeah! it will continue to rise in the next few weeks. I'm long for Ripple. 😁
sud
sr. member
Activity: 826
Merit: 301
XRP reached 14k in no time... i think this is the fastest of a coin

STR was faster i think. Look at the charts, it was crazy.
hero member
Activity: 560
Merit: 500
XRP reached 14k in no time... i think this is the fastest of a coin
legendary
Activity: 2758
Merit: 1075
Will ripple go even higher ?

of course...party hasnt even began ....not even one wolf of wall st gif yet Wink
sr. member
Activity: 588
Merit: 250
Crypto is Life!
Will ripple go even higher ?
sr. member
Activity: 350
Merit: 250
Is the announcement of lock up made this rally,i really missed the boat and what is the expected rate in the short and long term and i never thought it will go up like this because of the number of coins in circulation ,i am really not skeptic with the news coming out simply because of the total supply of the coins.
member
Activity: 84
Merit: 10
If Ripple does end up integrating with major banks are we talking a trillion dollar market cap in 10 years?

yep, just day to day open remittances is around 6 trillion market. but even if over next 5 years ripple just takes over 10% of swift market share we are talking 600 Billion.

And the speed at which ripple is going ( already 100 banks ) - It might very well take much more then 10% of swift market share...

very bright future, Its like google was for technology in 1990
hv_
legendary
Activity: 2520
Merit: 1055
Clean Code and Scale
Yeah - nice.


Ripple could do smart contracts as well and scale much more better than ETH - because it is already highly centralized.

So who TF needs ETH and bitcoin ? Or SuckWiz ?

 Grin

In trust you trust.
newbie
Activity: 19
Merit: 0
I'm afraid that the value of xrp drops sharply, after several weeks of rising... 
sr. member
Activity: 537
Merit: 250
If Ripple does end up integrating with major banks are we talking a trillion dollar market cap in 10 years?
legendary
Activity: 2758
Merit: 1075
When xrp was worth 5 cents, experts told me that it is almost impossible for xrp to reach 10 cents as it will require 300 billion to reach that value so i stayed out, now within no time it has almost reached 20 cents lol where is so much money coming from? Im shocked..


well the powers that be that control the flow of ripple into the world....how much of that has to do with just them turning off the taps and letting people
scramble in their 'thirst' for the coin..I mean it is all frigging artificial right...with the ripple foundation having 88% of the coin themselves I heard

looks more 'pyramid schemey' then the usual crypto games imho



Reason we keep going up searing..is beacuse many have thoughts similar to yourself...then they come here and find out why its going up...they find out XRP is working with IMF, federal reserve, Japan banks, Bank of england...and on and on...XRP is fast becoming the banks reserve currency.
Once it sinks in....then you buy at any price just now as you know its a bargain  Smiley
newbie
Activity: 47
Merit: 0
well the powers that be that control the flow of ripple into the world....how much of that has to do with just them turning off the taps and letting people
scramble in their 'thirst' for the coin..I mean it is all frigging artificial right...with the ripple foundation having 88% of the coin themselves I heard

looks more 'pyramid schemey' then the usual crypto games imho



Wrong : https://ripple.com/xrp-portal/
member
Activity: 82
Merit: 10
Looking for something great!
Must say best marketing style .. you guys creating hype on XRP . well done
member
Activity: 112
Merit: 10
Wow this went faster than I thought!! Go Ripple.
copper member
Activity: 2898
Merit: 1464
Clueless!
When xrp was worth 5 cents, experts told me that it is almost impossible for xrp to reach 10 cents as it will require 300 billion to reach that value so i stayed out, now within no time it has almost reached 20 cents lol where is so much money coming from? Im shocked..


well the powers that be that control the flow of ripple into the world....how much of that has to do with just them turning off the taps and letting people
scramble in their 'thirst' for the coin..I mean it is all frigging artificial right...with the ripple foundation having 88% of the coin themselves I heard

looks more 'pyramid schemey' then the usual crypto games imho

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