So considering anyone with a glass half empty view is a troll and is uneducated, maybe the people that have been asking why banks havent bought big on XRP should read this. Written by someone that is educated and has done research and will offer far more evidence then the hyping cocks on here. He also wrote an article on what other coins can learn from Ripple and their protocol so he is quite fond of Ripple but is a realest in the below article, which is refreshing
https://bravenewcoin.com/news/counterarguments-to-ripples-value-preposition/
'In Ripple, you can transact purely in IOUs all day every day without touching XRPs for anything else than the fees.'
'if everyone agreed to use XRPs as the common currency, you would only need to make one market per currency - between that currency and XRP.'
'Just because someone can receive XRPs, doesn't mean they'll want to settle in XRPs.'
'XRPs might be a decent universal currency for people that want to hold XRPs, but that might not be ideal for banks or big institutions. That's why we see networks like Corda, or even Interledger Protocol (also developed by Ripple) that don't rely on a native cryptocurrency gain traction,'
'If you are going to see real-world use cases being deployed on Ripple, it will be more likely to see them leveraging the existing FX markets rather than going through XRPs.'
'While XRPs have no counterparty risk, they also have no counterparty protection. If anyone steals your XRPs, they are gone. With IOUs, you can still appeal to the issuing gateway to halt the transaction and potentially track down where it was withdrawn to. The IOUs are thus much less of a target.'
'On a similar note, XRPs are much harder to track, which would make them less appealing from a compliance standpoint.'
'If a value of a given currency changes in value, you only need to adjust the market using that currency. If XRPs were the universal currency against which all of the currencies would be traded, any time the value of XRPs would fluctuate, you'd have to adjust the entire market.'
'XRPs have no transfer fees attached to them. While is possible for a gateway to issue IOUs without transaction fees (that's essentially Tether's business model, but on another network), perhaps even leveraging some other big crypto like Bitcoin or Ethereum through voting pools, the fees on those IOUs can always be changed. It seems that the network standard for transfer fees is about 0.2%, which seems to be smaller than the spread on XRP's biggest market (at the time of writing, 0.00015086 sell, 0.00015003 buy, giving about 0.55% spread). So it is possible that sending money through a very liquid FX market you would pay less in transfer fees than going through a less liquid XRP market on just the spread.'
'So this leaves XRPs with their primary role - paying transaction fees and fulfilling the needed reserves. All in all, about 50-100 XRPs per person / account would be enough for a lifetime of usage. That used to be less than 1 USD, and now is about 35 USD.'
Let me guess this guy hasnt done his research and its just FUD and you keyboard warriors know more? Lets see how quick real facts that we have been able to backup, as opposed to your SPECULATION gets pushed back pages so noone can find it.
Oh more days down and more downward movement, dam its going to be a quick boom to get 20bill market cap....or was it MINUS 20 bill lol
Topic: [XRP] Ripple Speculation - page 438. (Read 637703 times)
XEM is spiking too. Something is up.
Anyone know what's causing the spike?
DASH will be added to the Ripple network via integration into GateHub Fifth, one of the most prominent Ripple gateways that currently provides BTC, ETH, ETC, and REP issuance on the Ripple network.
https://www.dashcentral.org/p/Create-the-first-DASH-gateway-on-Ripple
So you think Dash will pump ?
Anyone know what's causing the spike?
DASH will be added to the Ripple network via integration into GateHub Fifth, one of the most prominent Ripple gateways that currently provides BTC, ETH, ETC, and REP issuance on the Ripple network.
https://www.dashcentral.org/p/Create-the-first-DASH-gateway-on-Ripple
Anyone know what's causing the spike?
Time to buy more XRP!
yea m8, exactlywhile the whole crypto world is distracted with very high eth...
we buy very low XRP while there is blood on the streets
give me all your XRP,i can handle a drop n price for a day
i dont margin and me got strong hands
june will be our month too, just like march april and may was ...
someone hold me back
or im gonna do it ,lol.....btc isa ready
or im gonna do it ,lol.....btc isa ready
damn eth doin well...nice
im so tempted to slap on a huge buy wall/s on XRP and buy as much XRP that wants out around 9k...hmmm 
im so tempted to slap on a huge buy wall/s on XRP and buy as much XRP that wants out around 9k...hmmm
why is anyone emotionally attached to this? profits were amazing. i hope you took them. now look somewhere else for a while.
Look like you butthurt bro
XRP Gang rep all day bang bang!!
XRP is dropping like a brick now because it's a great coin with amazing fundamentals (insert links XRP + BANKS) and it's not a run of the mill scamcoin.
You must project your beliefs here. So if you got late to the XRP scam, for example @19000 sats or some shit like that, and missed out on the pump, you have to keep the hope alive, FOMO bro all day!
XRP is going to 8000 sats and then ........... consolidation .......... banks ............... 50 000 sats - EASY.
That's the plan for june.
August XRP $5
All day!
There is a large XRP accumulator that continues to buy without any changes regarding the price.. I have been watching this wallet for 9 days and it buys approximately 14 mill XRP a day. Today his wallet is bigger than Poloniex.. he currently has 265 million XRP.
Also Poloniex wallet has been getting smaller for two consecutive days.
Also Poloniex wallet has been getting smaller for two consecutive days.
Can you share your findings ? How can I find that wallet ?
looks like it's going back to 8k or lower...
I put its current value at 6k, and it could be slowly retracing to there to stabilise until something more practically usable is released/implemented (rather than just news). Then it should rise to 20-30k...... and if its picked up more generally it will rise to somewhere under $1, the market cap is just too big for it rise rise above that.
I ignore the hate, ignore the hype and hold my many bags I purchased before the pump........ and hope + luck could have this story ending well.
Failure or success is not guaranteed imo...... enjoy the ride and check the price one a week or so, time is on our side......
I hope it will rise again too ^^
I'm sure it will rise. Every bit of news that comes out about XRP is good news. Ripple are so much farther along than everyone else (possible exception of ETH, but that has an entirely different use).
I'm sure a hell of a lot is happening behind the scenes, too.
It's coming. Just a question of when.
Which news? I don't see any news from some time.
hilarious , the newbies troll patrol...
btw newbie fud is pointless...
why would anyone listen to a noobie?
i find it really funny and a bit sad tbh
that they are so scared to use their normal username profiles and have to make new ones just to try and fud lol
if you trolls want to discuss, bring on a hero+ member and we can have a experienced discussion...or are you scared in case your name gets ripped apart along with whatever coin your hodlin lol
have you guys noticed there is no hero+ member fudding here ? because they are sensible profiles ( most of the time lol )
noobies....
btw newbie fud is pointless...
why would anyone listen to a noobie?
i find it really funny and a bit sad tbh
that they are so scared to use their normal username profiles and have to make new ones just to try and fud lol
if you trolls want to discuss, bring on a hero+ member and we can have a experienced discussion...or are you scared in case your name gets ripped apart along with whatever coin your hodlin lol
have you guys noticed there is no hero+ member fudding here ? because they are sensible profiles ( most of the time lol )
noobies....
A hero+ member? Somebody who posted 512 delusional cripple cryptocrap posts?
Even if it was "cryptocrap" (which it ain't) it would be a better read than what some whiny lil bitch posts who has nothing better to with their wasted lives than create a profile for the apparent sole purpose of trolling a forum, offering zero constructive information and probably wallowing in their own shitty diapers while they think of ways to either gloat or spread said shit everywhere they troll in their annoying and sad attempts of impressing others with their bloated and delusional sense of self-importance.
how to spot a troll in 3 easy steps
1- noobie account, but thinks they know everything
2- talks alot
3- doesnt listen
1- noobie account, but thinks they know everything
2- talks alot
3- doesnt listen
Everyone starts somewhere on these forums. Calling me a troll doesn't negate the concerns about XRP.
wrong, you have been here before...you dont just create a new account to come bashing a coin...we are not that stupid m8..
also i asked a simple question 3 times...nothing near as complex or stupid as your questions...
ill try for the last time...
AGAIN...nothing personal...but why the noobie account to come here and post nothing but negativity on a coin you seem to know about but dont want to buy?
I've been a long time lurker, just blown away by all the XRP hype so I wanted to put my 2 cents in the pot. Too many noobs think XRP is going to make them rich, like bought 10,000 ETH at $0.80 rich, so I had to chime in. Math just isn't there, supply just is way too much and the creators still own 60%+.
How about you show us your math? Maybe 5-10 clear distinct steps of your logic and supporting arguments around what value you would place on XRP and why?
1) Banks will use Ripple tech not actual XRP.
2) The XRP that is destroyed by transactions is not enough to significantly reduce circulation in the foreseeable future considering that 1,000,000 transactions would only cost 10 XRP.
3) For XRP to hit $1 total XRP market cap would need to be $38B-$100B depending on total circulation at the time. For a $10 valuation that would need $380B-$1T total XRP market cap. Let's give XRP the benefit of the doubt and say it captures 25% of the total crypto market cap (all coins). That would mean a $10 per token value would need to be in a $1.5T to $4T total market cap scenario. That scenario would need BTC north of $100k per token. While I do believe that BTC has the potential to reach that number and even higher I think we are still a ways off.
4) Ripple currently controls 62% of tokens of which 54B will be locked up for the next year then start dumping on the market 1B at a time. During this time they still have 8B which is 17% of total unlocked up tokens to manipulate the market with.
5) Previous articles hinted that Ripple was going to retain 50B permanently, now they have a contract to release them.
6) Today it looks like it's on a warpath downward just like it did the last time it spiked then spent 2 years trying to find a bottom while loosing 95% of its value.
I am not saying that XRP won't go up in value but I hear a lot of people with the idea that it will be up there with ETH. It won't. It may hit around $1 this year or early next but as soon as the contracts start to release 1B on the market every month that will drop the price significantly and keep it at or below $1 for a very very long time. It also may just stay in a price range between $.2 and $.4.
1.) Link on where explicitly told that bank will use only Ripple? Nah, you do not have one.
2.) Are you aware of how many transactions are happening in the world, or ho many is planned for a ripple?
3.) Have to applause you are very first troll to include 38B as market cap for XRP to be $1. Though you do not realize that XRP does not give a shit about BTC, its exchanges that tight XRP to BTC, it will change soon, very soon.
4.) Can you imagine, when it was 54B they reached 0.42c per XRP, what will happen when they have 8B? 3 USD? Oh no, it does come together with your stupid market cap tightening via BTC and other carp
5.) Even dunno what this thing about
6.) Last time it hit 7700 satoshi than went to 3500 and than for a month was going down to 2500, trolls were having happy days, guess what happened? I know your stupid head will not manage to guess! But try hard!
I am surprised on how man without modelling possible circulation and contracts and etc. can predict price that can go against his calculations on Market Capacity. Troll that wanted to be smart, end of the story.
P.S. here is another joke like you, never gives up: https://www.xrpchat.com/topic/5543-we-are-on-the-downtrend-again/
Story from other end of cryptoworld, when XRP reached first time 50USD and than retraced to 35-45USD, trolls were committing suicide for a prove that it is a one huge bubble. Now ETH is > 200 USD, why? Nah, troll does not understand that.
It's on their website. They are pushing ILP and Ripple Connect as a product to banks not XRP and I can't understand half the shit you write.
Could you give us the website link you are talking about? I'm specifically looking for an explicit statement that says banks will not use XRP. By the way, do you mean Japanese banks, other banks, or all banks in the world?
Your math assumes that 1) is true. So please help validate it.
I am yet to come across any credible evidence that banks will not use XRP at all. Many people have mentioned this but I am yet to see some concrete evidence.
long after the rise stabilized. I guess I won't go down further from here.
0,20 Dolar and 10k sat.
the entrance was a lot of money. easy way is a predicament. I think it will continue its upward trend in the medium term.
0,20 Dolar and 10k sat.
the entrance was a lot of money. easy way is a predicament. I think it will continue its upward trend in the medium term.
eth 24 Hour vol is 10x that of xrp, in btc.
why is anyone emotionally attached to this? profits were amazing. i hope you took them. now look somewhere else for a while.
I hope it will rise again too ^^
I'm sure it will rise. Every bit of news that comes out about XRP is good news. Ripple are so much farther along than everyone else (possible exception of ETH, but that has an entirely different use).
I'm sure a hell of a lot is happening behind the scenes, too.
It's coming. Just a question of when.
looks like it's going back to 8k or lower...
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