Topic: [XRP] Ripple Speculation - page 468. (Read 637739 times)

Hi guys,
I bet we all made some nice profit from cryptos lately, especially Ripple. I don't expect this uptrend to finnish any time soon, since all of my friends now want to get on the train, and I bet it's like that with all of us, I bet all your friends that you told about cryptos months ago are now envy and want to make some buck as well. Tens of thousands new investors a day I would bet, which is very, VERY awesome for us.
The thing is...I am about to quit my job and start withdrawing some money from cryptos monthly (after 10 months in the cryptoworld), but I have no idea where should I go or where should I call regarding the taxes from my profits. Anybody from UK who has experience with this? I think it's something we will all encounter eventually and it would be good to have the knowledge for all of us.
Please share your experience, maybe even tell me that quiting my job is stupid if you think, literally any opinion on my situation (which is a situation of a lot of people right now) is greatly appreciated.

Thanks

This is a pivotal moment I think. Ripple just found its longterm bottom. If it goes back up now it could mean the next pump happens (because you can see patterns repeating on the XRP/BTC chart, always bigger and bigger), if it fails now it will probably pop.

I think you should be realistic in your assessment of cryptocurrency value.

If you do some market research, you should know that it takes only 5-6 seconds to transfer money across different countries using XRP in a fully legal and regulated way with lower cost, whereas it currently takes 3-4 days in some countries to achieve the same with higher cost. In my opinion, this is almost analogous to moving from snail mail to email.

So what proportion of people would take up digital currency in the future? 10%? 20%? 50?

Well, lets assume a really small proportion by end of the year. Say 5%.

NYSE stock exchange alone has a market cap of 15 trillion US dollars. Here: https://www.fxcm.com/insights/new-york-stock-exchange-nyse/

5% of 15 trillion is 750 billion.

Now this obviously isn't the total market cap of the entire world..

If I add up your figures above, you estimated about 150 billion..

That's 1% of 15 trillion = 1% of NYSE market cap

1% of NYSE market cap < 1% of entire world market cap..

So you would only need less than 1% of the entire world by end of the year to take up cryptocurrency to get to your market value, or even if they don't, at least enough demand from less than 1% of the population to take up interest in digital currency.

Obviously these are all estimates, but can you see the magnitude of this and why some people here on the forum talk about holding XRP over the longer term?

watch & see

2 is not possible. Do you smoke crack ? If xrp is 2 by end of year it would mean the market cap with current supply would be 77 billion. For the moment total market cap is 72 billion.

Please be realistic. And were talking with current supply so if there is more supply it is definitly some crazy crack talk.

About time!!  I am 100% for this.. Ripple needs a high quality wallet for investors not banks!
Banks can take care of themselves.

edit: this is the kind of innovation that results from motivated employees!

Ripple wallet to come?

https://www.xrpchat.com/topic/5067-david-schwartz-joelkatz-working-with-third-party-on-high-quality-wallet-and-other-xrp-related-projects/

an ambitious one wouldn't dump his coin at a low price actually. seeing its marketcap and position right after bitcoin, a trader would have to think a hundred times before doing so. its just too huge to crumble in a day hold because those who waits will be rewarded  


published on 13/06/2016. but neway you'd be using them?

Mitsubishi Financial Group is planning to launch their own currency called MFUG Coin:

https://www.cryptocoinsnews.com/japan-mufg-coin-digital-currency-2017-launch/


1. What do you think is the reason behind that?

2. How would this relate to XRP?

3. What would the effect be on the XRP price if many other banks does this?

I think it will go way up past 1 dollar in the next couple of years.

I agree and I predict $2 by the end of this year. XRP is up 12% since yesterday. We've seen $0.4+ already and I'm sure we will see it again pretty soon.
Also I think most people who bought under $0.05 sold their coins already so no major dump expected.

We must decide accordingly and place our investment in the right track as more and more speculation will come here and decision would be more harder playing in the safe side as always hold when at loss then sell whenever seeing good opportunities.

in the near future
With the knowledge that many have agreed on selling some XRP at $1...(no probs personal choice for everyone)...i think the big players will give us that option, and buy us out, if we want
the market may have a small dump back to 70cents roughly or dump bigger to around 45cents....before it goes back up and over $1 (prob very quickly too)......
the FI will begin launching products and services sometime in 2018 and many may regret even selling at $1...
decisions decisions lol

kinda like eth, many sold at $100, it dumped to $60, and now is around $125, very quickly

well well , the tweet was accurate....



http://uk.reuters.com/article/us-bitcoin-coinbase-bank-of-tm-ufj-idUKKCN0ZN27D

https://www.breakingviews.com/considered-view/bbva-hedges-bankings-demise-with-bitcoin-punt/
http://www.pymnts.com/news/2015/nyse-usaa-and-bbva-make-75m-coinbase-investment/
Bitcoin startup Coinbase just got a lot of extra change in its pocket from a record-breaking investment round of $75 million — which is coming from some seemingly unexpected backers.

The financial institutions leading this investment round include the New York Stock Exchange, USAA and BBVA, who have tagged along with former Citigroup chief Vikram Pandit and former Thomson Reuters CEO Tom Glocer to contribute to the largest investment to date in a bitcoin company, according to FinExtra. From the NYSE’s perspective, it’s hoping its investment will lead to more transparency in bitcoin processing.

i just saw this on xrp reddit....dont know if true...but sounds like it could be    (time to dig a bit deeper to find out)

https://twitter.com/xrptips/status/865932215418363904?s=09
#Ripple partners @btmu_official @bbva, investors @blockchaincap @DCGco, and advisor @gregkidd have all invested in @coinbase... Stay tuned.


ive been saying for past few weeks, Coinbase will add XRP...so will ALL the other exchanges...
its only a matter of time before they announce it.

bro, thats the reason it wont goto 20cents , or 30cents and soon 40, then 50 then $1+ lol

i think ,we all think like you 
+ as time passes new people buy slighty higher than older buyers and are willing to pay more if it is cheaper than their entry price.

I wouldnt care if it dumped all the way back to $.10. I'd just buy a shitload more and hold. When i got in I wasn't expecting to see any profits for a while. Ive been very pleasantly surprised by XRP and I'm sure it will continue to make me happy in the future. I always saw it as a long term investment.

  this made me chuckle.  I've bought and sold also, but all for profit and to stay with xrp for long term.

in january I bought 10000 xrp for 0.00000691, 
sold 2 days later for 0.00000719, 
bought back 14 days later for 0.00000819,
sold in panic for 0.00000501 
in may I bought 1000 for 0.00020800 , still holding 

Damn

definitely