Topic: [XRP] Ripple Speculation - page 324. (Read 637342 times)

Mother fuckers it is gone... NO MORE CHEAP COINS!   

only 700 btc left... hungry whales!!!!!!!!!!!!!!!!!!!!!!!!!!!   

Can you elaborate? Not entirely sure what you're saying here...

If dudes will remove down, 7k will be reached just in couple hours.

Its a good strategy to put XRP to 0.4c while BTC is 5k, it just requires XRP be 8k, 2.9k away as of time of writing.   

Eat 'em up!

Love the optimism :-)

Best get in asap..those walls....almost ..nom nom nom 

I don't know what chart you're looking at, but I'm seeing it grow the past few days. From $0.21 at midnight on 8/29, to $0.24 right now.

Because the price of Ripple has pumped to the moon in past time, when the market have mega bullish trend. If you are trader in March until today, you also know Ripple grow from @400 sat to @24,000 sat in May, so that is reason make the price of Ripple falldown and comeback to real value.

Why is the price of this coin constantly going down. I've been monitoring it for weeks hoping to invest, but the dump scares the hell out of me.

XRP is the only coin where people immediately point to news articles when on the topic of price speculation. So let's look at it as though it were any other coin. Let's look at the chart. Objective. Inarguable. Concrete.

https://www.cryptocompare.com/coins/xrp/charts/USD?e=CCCAGG&bc=VT&ci2=EMA50

I accessed this chart at 9:55 (ET) on 31 August 2017, so if you look at it hours or days later please spare me your hypercritical comments about what has not happened yet at the time I am writing this.

XRP's price historically responds to one thing, and one thing only: trading volume. This was true in May of 2017 when the price of XRP reached its all-time high of around $0.40, and it has been true this past week or two then the price saw significant gains followed by a correction. As the trading volume inevitably drops off after a spike, the price begins a pattern of reversal. What is important here is to look at two things:

1. After the most recent spike in volume and correlating spike in price, the trading volume dropped back to normal levels*. The price did decrease from its peak, and significantly, BUT it did not drop back down to the previous critical support level around $0.15. This means that the recent price spike actually did help the overall health of the coin, and has left XRP in a better position to make further gains down the road.

*Yes, the daily volume of XRP has increased slightly from where it was in the months prior to this recent spike - but this is due to the increased availability of XRP on international exchanges (e.g. South Korea), and there is no reason to assume that this is not going to be the new normal.

2. In the past 2 days, the volume has decreased to normal levels, yet the price of XRP has continued to rise, albeit slowly. In spite of people on here screaming about banks dropping out and XRP being a fake coin, the price is still rising, and I find that pretty difficult to argue with. (for the record, I am an American, but please realize that Bank of America is not the only player in this game....XRP can succeed incredibly without the partnership of even a single US bank).

Say what you will, but I will be maintaining my death grip on my XRP, and I fully expect this to be the beginning of great things for Ripple. And if I'm wrong, BFD. I have a larger than average XRP portfolio, but not so large that my very future depends on its success.

While the crypto market has its very unique qualities, one thing is the same with all trading: You have to take your emotions out of the game. Think and act, don't react. In my opinion, this is a long-term play. Everyone wants to get rich quick on crypto currencies, but the likelihood of that happening is about the same as hitting the Powerball. Buy and HOLD! If you want to dump your XRP I invite you to do so, so that I can buy it up. Warren Buffet said it best: "The market is a device for transferring wealth from the impatient to the patient."

Would you mind to explain why? I hope its not just because you saw three things in article like: Banks, coin and settlement?

Don't be rude please
you can tell him bit politely 

See answer above. Don't repeat things posted 100 times

Guys you think they need for that XRP?

Because I have read some weeks ago that Banks would create his own coin in 2018 like Credit Suisse.

Awesome.  That means XRP will bridge every houseown coin of every bank. Thats very good news.

Now it makes sense why japan will use XRP at the start of 2018 for domestic payments(because no bank trusts the other banks)  This is huge.

Six of the world's biggest banks: Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street are teaming up with UBS for a digital currency project called "utility settlement coin," it's an idea that's been around since 2015, but it's now moving into a new phase of development. They are in discussions with central banks and regulators. Work on the next phase of the project — the last before a live implementation — will include six members revealed today, Barclays, CIBC, Credit Suisse, HSBC, MUFG and State Street, building alongside founding financial institutions UBS, BNY Mellon, Deutsche Bank, Santander, NEX and blockchain startup Clearmatics.

Source 1: https://www.coindesk.com/hsbc-barclays-join-utility-settlement-coin-as-bank-blockchain-test-enters-final-phase/

Source 2: https://finance.yahoo.com/news/six-big-banks-join-blockchain-081514305.html

Source 3: http://www.nasdaq.com/article/six-big-banks-join-blockchain-digital-cash-settlement-project-20170831-00157

Existing Ripple clients: UBS, MUFG and CIBC might be dropping out (from Ripple) anytime after the announcement.

Don't play with banks... you'll get burnt. Ripple knows that.

Now, on a more serious note: XRP is not here to replace bank legders or internal systems. It is waaay too expensive for that.
XRP has value in interbanking operations: connecting banks together.
That is why they speak with GOVERNMENTS, not banks.
It may become a global protocol for interbank exchanges, at a massive scale (= becomes bigger than BTC in MarketCap, small probability)... or just get f**k*d in the a** by the banking system and the governments (most probable)

Good luck. XRP is a moonshot today. A huge one... but still a moonshot.

Number of coins seems very rational argument of calculating the price of coin.
In the same time cap seems completely irrelevant since it is number of coins times the current value, not the money (FIAT) which is invested in coin.

In my opinion the potential of this coin is clear because of the past price and potential uses in future.

Sold mine a week ago, now thinking when its best to go back in.   

I have a mixed strategy for trading, 90% short term gain, 10% long term hodl.  I sell most of what I bought for modest gains, to cover the expense of the remainder I didn't sell, which I hold onto forever.

I agree, Ripple looks strong and like it's going to go up substantially in the near/medium/long term.

After the very near pump -> correction -> dip I might buy back the 90% and do it again, get another free 10% of coins and just let them stack up.

Sell wall is being chipped away at roughly the pace anticipated, maybe a little faster.  Last chance to get in for short term quick profits.  Maybe 10 - 15 minutes until it's gone unless a whale gets on board.

EDIT:  Hmmm... it's holding up longer than expected, upward pressure has eased off a bit.  Well eventually it'll go and when it does price is going to bump up substantially.

Consider this. Your target is very modest

https://www.tradingview.com/chart/XRPUSD/VaekW3Pb-Buying-a-crypto-currency-XRP-from-its-50-cost/