Topic: [XRP] Ripple Speculation - page 32. (Read 637667 times)

it has found its way to the hearts of users who wants to withdraw coins for cheaper fee... you'd better exhcange it again to BTC after sending your XRP to anther exchange. i guess we can all share how XRP is going to be used from now on.

https://thenextweb.com/hardfork/2018/10/08/china-means-intent-destroy-bitcoin/


"Chinese mining pools control Bitcoin
The paper establishes its thesis by proving the Bitcoin mining ecosystem has become “heavily centralized.”
Cryptocurrency miners have banded to such an extent that “over 80 percent of Bitcoin mining is performed by six mining pools,”
with five of those managed directly by individuals or companies based in China."

Neither BTC nor XRP is control by the Chinese and I don't said no BTC. Could you be more specific with what you mean because i don't really understand your point.
Thank you.



XRP is certainly manipulated but people are mistaking things because the XRP partnership with moneygram does mean investors will get something good out of it.

I have to admit that even if I don't like that centralization and banks involvement in RIPPLE I started to use it for transactions whenever this possible because it is so far the cheapest and fastest altcoin for this purpose. At the begin of 2018, I was using Litecoin for my transactions and later BCH for a while but in the last months, I use only XRP because it is listed on every exchange.

Now we can assume that I am not the only one who chooses XRP and I wonder why the price is not spiking together with the volumes. We should see both of them growing taking into consideration how many people use already XRP.

Still, there is a lack of adoption like merchants for Ripple, cards, ATMs and all the rest which makes from other altcoins of real payment solutions. I don't if this is even planned for Ripple but I think it would bring XRP closer to normal people and not only traders who use it to transfer money between exchanges in a cheap way.

So, no BTC, since its totally China controlled?

I will always think this XRP is manipulated heavily because its been seen to be used by banks as they claimed and the manifestation starts with this moneygram already. Although price may go up, you will have to deal with the stressful price which will not make you money if you are a small trader. I think the only reason why its still relevant for some is because of small transaction fee when using XRP.

Why has it lagged behind? It has very little demand or usage unlike ethereum

Why has it lagged behind? It has very little demand or usage unlike ethereum

I'd say it's a bad timing to close your XRP positions now, XRP has lagged behind the last months and it should break out any time now, outperforming Ethereum and other alts.

I would like to hear people's opinion on XRP/Ripple.  News, Trends, Concepts, Technical Issues... anything pro or con that might be indicative of it's survival or growth opportunities in actual real world use cases.   Or things that indicate it's failure.

Here is my two cents to start it off, starting with a Disclaimer.
Disclaimer: I have weighted portfolio of Bitcoin (5 - 10%), Ethereum (70 - 80%), XRP/Ripple (10 - 25%). I'm a HODLer, not a Day Trader,a nd reportionments are done rarely based on trends.  My purpose of this post is to try and determine whether a repportionment of Ripple is appropriate.  And I am currently of an equal mind.  33% to lower stake.  33% says stay hte course.  33% says increase shares.  So real certainty here I tell ya!  LOL    Hoping someone will say something here to un-jam my mental logs.

My current facts as "I" see them....

CURRENT PRICE:  Ripple is doing absolutely nothing.  No real motion in any direction except sideways.  Only recent facto that may be contributor is the court case that allowed prior founder (McCaleb) to unload his billions of XRP at a current rate of "0.5% of average daily volume for each day of the week, including weekends and holidays".  So hardly anything of much substance, however, the fact that the price hasn't gone down means that there are at least enough buyers to keep the price even.

NEWS: I keep a very steady eye on Ripple, constantly trolling news, webs, boards for info.  Again - nothing.  Almost a total black hole of current news.  The only recent "news" are name dropping tidbits about SBI Holdings in Asia wanting to use Ripple.  Microsoft Azure being open to Ripple blockchains.  R3CEV hinting at Hyperledger open to Ripple use cases.  Royal Bank of Canada (RBC) running a Ripple Blockchain Trial.  Press Releases about 42% savings to banks using Ripple.   And vague references to Interledger, which is sort of analogous to Hyperledger or Lightening network in a way..... talk, no real world scenarios yet though.  And all of this very hypy-vague.   Just little tidbit trickles of "News", "non-News" actually, that basically says, "Hey, we're alive."

GENERAL THOUGHTS:  I think Ripple/XRP IS still alive, and due to the nature of its business model, is in "secret development" mode.  I mean, you won't see news, until you see news, but whe that news does come - it may be a hard break.  My opinion is that will most likely be up (obviously - I DO own it), but I guess it could be down, or it might even be just a really really slow up if the news is not dramatic enough that other coins (Bitcoin/Ethereum etc) aren't also releasing big news, and thereby suck up all the investment money that might go into Ripple/XRP - thereby blunting the reaction.  However, it could go the other way,a nd we could get good news out of Ripple / bad out of Ethereum/Bitcoin, and the pressure could be exacerbated up.   Also- the whole "premined" aspect doesn't bother me that much.  With all my crypto investments I am looking primarily at actual eventual use case scenarios to determine value.  The 2nd tier money coins (Lite, Dash, Monero etc) are of no interest, and even the Utility coins (Emercoin, Maidsafe, etc) seem a bit too spiky/dodgy and subject to market manipulation/risk to me.

Ripple is obviously a top tier player, but a little lacking in discussion at present.  Thought I'd fire up a topic.  

Peace,
- david

Still have some of my XRP position opened since the 2500 area or so. Only XRP trade of this year that ended up in profit. Already took partials. Was going to close however it looks like we can probably reach 5000 sats since ETHBTC and LTCBTC look like they are ready for a break out.

Another indicator is that the BTC dominance is slowly going down and during some moves it seems that whales are dumping BTC for alts. A few weeks ago there was a massive dump on BTC because some whale bought tons of ETH by selling his BTC.

Looks like we might finally get the alt season, however no idea how large it will be. Probably nothing like 2017.

Every crypto in the market experience surge in price during the bull run you mentioned and my advice to you if you really want make good return from your investment. Don't choose centralized coin no matter the endorsement they had received or about to.

I will always think this XRP is manipulated heavily because its been seen to be used by banks as they claimed and the manifestation starts with this moneygram already. Although price may go up, you will have to deal with the stressful price which will not make you money if you are a small trader. I think the only reason why its still relevant for some is because of small transaction fee when using XRP.