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Topic: [XRP] Ripple Speculation - page 452. (Read 637675 times)

sr. member
Activity: 308
Merit: 250
May 25, 2017, 10:04:26 PM
daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.




this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell


This is huge.  They do a 1/4 Trillion dollars of money PER DAY.   This is the BANK OF CANADA.  This is basically a country trying the technology and saying NO.  NOT GOOD.  SELL SELL SELL SELL

THEY TRY BITCOIN AND NO LIKE DISTRIUBUTED SYSTEM, THEY WANT CENTRALIZE SYSTEM...

HMMM... MAYBE THEY NEED TO TRY RIPPLE?Huh

 Cheesy Cheesy Cheesy
hero member
Activity: 790
Merit: 505
May 25, 2017, 10:03:57 PM
this bad news just resulted in a 18% jump........ hope there's more bad news soon.

or perhaps I could keep ignoring the haters and hypers  Tongue
newbie
Activity: 78
Merit: 0
May 25, 2017, 10:03:04 PM
XRP = 12K  NICE Cool Cool
newbie
Activity: 21
Merit: 1
May 25, 2017, 10:00:10 PM
daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.




this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell


This is huge.  They do a 1/4 Trillion dollars of money PER DAY.   This is the BANK OF CANADA.  This is basically a country trying the technology and saying NO.  NOT GOOD.  SELL SELL SELL SELL


How long does it take to send and receive money from Canada to say Malaysia and vice-versa?

If it takes longer than 5 seconds, the need will still be there that XRP can solve.

Also, although it will be nice to have banks' support, there is also the general population that can use XRP without banks. So demand for XRP will still be there.

If your logic of a bank not accepting the technology (yet) is a call to sell, then you should sell all your other cryptocurrency holdings as well for the same reason.
newbie
Activity: 42
Merit: 0
May 25, 2017, 09:42:59 PM
daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.




this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell


This is huge.  They do a 1/4 Trillion dollars of money PER DAY.   This is the BANK OF CANADA.  This is basically a country trying the technology and saying NO.  NOT GOOD.  SELL SELL SELL SELL
hero member
Activity: 3038
Merit: 617
May 25, 2017, 09:32:15 PM
hoho Among those on top, its ripples thats the first to make it green.

XRP is going to dump more, people are starting to realize its a useless crypto, I think we will soon see it back around 5-6k. Maybe in a couple of weeks.

So much for those crystal balls.
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 09:12:45 PM
daaaamnnnn
may need to delay left for time being...

i just saw this a few min ago
https://www.reddit.com/r/Ripple/new/
https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381
By Solarina Ho

TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems.

The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks.

"The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president.

"At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT."

Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada.

Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority.




this isnt the end...its just one bank saying they wont use blockchain for time being...
again research and decide your next move carefully guys...
hopefully some good news will come aswell
hero member
Activity: 790
Merit: 505
May 25, 2017, 08:41:03 PM
jr. member
Activity: 58
Merit: 10
May 25, 2017, 08:39:52 PM
XRP is going to dump more, people are starting to realize its a useless crypto, I think we will soon see it back around 5-6k. Maybe in a couple of weeks.
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 08:31:42 PM
what is causing the huge increase in Ripple right now?  Is it just speculation?  I keep googling for news , but I find nothing.

lols joey your lucky Mr V isnt around just now..lol i think most know what he would say lols

look at the top post..cnbc news 8hours ago...then the xrp twitter post 7hours ago. + japanbitbank added XRP, and i think trading opens in a few hours or just opened

so theres 3 very good news in past 12 hours and prob alot more in next 48hours and the following weeks ahead
newbie
Activity: 42
Merit: 0
May 25, 2017, 08:15:28 PM
what is causing the huge increase in Ripple right now?  Is it just speculation?  I keep googling for news , but I find nothing.
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 08:14:14 PM
Hurry...




We gona blast off soon  Smiley
 
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 07:37:31 PM
aim higher now guys lol...12k any time now

16k is the magic number....we break it we go straight towards 20k area....when we break 20k...we goto a new ATH  Cool

time to SMASH sells walls Tongue

im 100% convinced the live demo today was appreciated by the entire FI audience...this cant stay this cheap anymore


https://twitter.com/Ripple/status/867800762373464066
#XRP provides financial institutions with a frictionless and cost-effective experience. #xrpthestandard

 Wink

http://www.cnbc.com/2017/05/25/bitcoin-ico-cryptocurrency-start-up-civic-raising-money-initial-coin-offering.html
8hours ago
Meanwhile, 10 financial institutions signed up with cryptocurrency platform Ripple last month to send real-time international payments, joining a roster of clients that already included Bank of America and RBC.
The ultimate vision is a world in which all data and transactions are trackable via an electronic ledger that eliminates delays caused by disparate currencies and financial systems. Blockchain currently claims to process 160,000 transactions a day across 140 countries
 Smiley

 imagine the financial media stories coming in next few days...covering the canada Ripple tech and demo  Grin
we could see alot more  Ripple team interviews in msm
newbie
Activity: 11
Merit: 0
May 25, 2017, 07:24:13 PM
it will be a good sign if we get into 11-11.5k satoshi in 8 hours

It is if the price stick to that number, it might go up to 11K in an hour or so in my opinion...
hero member
Activity: 756
Merit: 500
May 25, 2017, 07:20:08 PM
it will be a good sign if we get into 11-11.5k satoshi in 8 hours
Any explanation about this mate? Is there any movements that will happen if in case we past that amount within 8hrs im just curios to know whether there would be another pumped to happen after breaking that margin.
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 07:17:22 PM
very possible Mr V...btc dumping hard...went as low , i saw $2115 almost $500 drop in less than 24hours....

im sure alot of the funds ( inc mine ) are buying XRP right now
sr. member
Activity: 1037
Merit: 253
May 25, 2017, 07:15:19 PM
it will be a good sign if we get into 11-11.5k satoshi in 8 hours
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 06:01:08 PM
Ripple have potential coin. Base on my research I see the potential of that coin to pump in the future. I dont know other people if ripple have potential or not to them because we different speculation ,  prediction and also different opinions. The price for sure will increase in the future only need is to be patience . I believe the price of ripple will reach $1 per  coin but it takes few months to reach that price and I think it will reach  $10 per coin after few many years. But no one can tell if the ripple coin pump or not no can can say that.

agree m8...
as for the pump...imo..its not, it has phases of pumps n dumps  where some get in and out quick..but overall its not

most pump coins ive saw..cant sustain at a high value...its like jenga,once it falls , it falls and the dev team usually dismantle
the 3 examples of huge huge p n d coins i know of...
aurora coin, went to over $1bill after a few weeks it died, same with paycoin and mazacoin

now xrp dev team has not given us a 5yr roadmap...
they actually produced the goods & they patented the product..this is unique in crypto
they worked their asses off..
when we went over a $10bill....it was a price correction for an undervalued asset...and its still going through that phase
devs are not running off, even though they could be multi mullionaires right now
people are not giving up on XRP , they believe in the concept and share the same vision as the Ripple team

anyways, ive had a nice time just now chatting
thanks guys  Smiley
hero member
Activity: 1274
Merit: 513
May 25, 2017, 05:48:20 PM
Ripple have potential coin. Base on my research I see the potential of that coin to pump in the future. I dont know other people if ripple have potential or not to them because we different speculation ,  prediction and also different opinions. The price for sure will increase in the future only need is to be patience . I believe the price of ripple will reach $1 per  coin but it takes few months to reach that price and I think it will reach  $10 per coin after few many years. But no one can tell if the ripple coin pump or not no can can say that.
legendary
Activity: 2758
Merit: 1075
May 25, 2017, 05:19:07 PM
i dont own any XRP but im interested to buy some now. Im ok to hold long terme 2 years + if necessary.

what do you think the value of the coin will be in 1-2 years? realistically...

im thinking of buying 10 000 XRP tonight, is it a good time to buy?

If you are "ok to hold long term 2 years+" then adding xrp to your portfolio or trapper keeper over the next 6 months can be justified.
Others are ready to hodl for 5-10 years.
Just know there is a large group of people that bought xrp at $0.00666 for years and if you bought now it would be around $0.25. Thats pretty expensive to me.

If I were buying now, I'd be looking more to actually using XRP for settlement/cross-border payments/goods and services, not to sell for a native currency like others around here that have made millions of $$$ who have been in XRP from the beginning.




I'd still like to think that we are in the beginning stages. I mean, how many of our friends and family use XRP to transact? Almost none. So heaps of opportunities for growth in demand.

If supply is reasonably constant (which is the case for XRP with 55b XRP in smart contracts) then rise in demand means increase in price. This is Economics 101 Supply & Demand.

We are definitely just at the beginning stages of this whole new asset class.

However, nobody can tell you where the price of XRP will go.
Yea I wish it could go to a $1, but I can see it being stable at $0.50 for the next 2 years as well which would be a huge success still to me.
i think you can roughly predict where the price can go...if you research properly ( i did it a few times with coins that were serverly undervalued ..eth being most recent )
analyse the fundmentals, the use cases, the aimed market size of use cases..limited supply vs growing demand...dev ability, dev integrity, dev team size & dev hours...
then the out of crypto economic problems, intrest rates increase, stock market uncertainty, fiat inflation problems due to QE
then the psychology, people willing to risk a few $$ on a coin than a few hundred or few $k for 1 coin...growing confidence in crypto due to good education from all of us guys
and a few other things all create a nice clear image of where we are going.

I think it will reach a dollar within a few months...may come back to 50cents area...but when the worldwide transactions system and the new wave of regulated exchanges happen , we easy looking at $5+ 1XRP
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