Topic: [XRP] Ripple Speculation - page 469. (Read 637703 times)

Example, in my area we have Bitcoin ATMs. There's been a couple occasions I needed to get money out and having to wait over night until the next morning because you have to wait till the place where the ATM opens again. Several times accidentally sending a low fee and what not has tied my money up for weeks sometimes before it ends up back in my account or something else ridiculous.

The good thing is if you like Bitcoin you can also like Ripple as you can transact Bitcoin much faster on Ripple and that also burns XRP. So its a win win. If you like Bitcoin you should like Ripple just for the fact it solves Bitcoins major problems thousands of times per second which Bitcoin can't even do one transaction in a second let alone thousands.

Some big whale trying for days to slow this train down...  I am shocked at how each rise is met with sellers.. 
Good for trading!   

ok, that's what i thought - it's essentially a secondary option (just came across this today). i agree, i think people will start using it too. btc is finally moving (trying) toward consensus, but it's such a fucking mess and a little too late.

It means if for some strange reasons they wanted to pay a network fee then have XRP burned then they can pay a network fee in any currency if they use ILP.

From what I read though using the XRP Payment Channel will be the fastest and most cost-effective way for Banks to use Ripple.

Even the recent statements by Ripple seem pretty intent on using the XRP payment channel over other methods.

Ripple wasn't dumb about this, they made it way cheaper for banks to use XRP so that XRP has value.

Soon I think people will use it instead of Bitcoin after being tired of waiting for confirmations when you need your money quick. Time is money. Bitcoin doesn't understand that concept and even then you can use Bitcoin on Ripple and have XRP. There doesn't have to be only one coin with value either. Espescially when you can use any coin on Ripple as well.

You can use ETH on Ripple

You can use DOGE on Ripple

You can use anything on Ripple. It will burn XRP if people want to save money.

has anyone else seen / picked up on this?

" *Each transaction destroys a negligible amount of XRP as a network fee to prevent spam. In the ILP-enabled version of Ripple, this network fee can be denominated in local currencies. "

the underlined was added (i assume), right before ripple relaunched their website, it never used to be there. this entire section no longer exists on ripple's site. can anyone elaborate?

cached here:
https://webcache.googleusercontent.com/search?q=cache:i4hein9Y2yYJ:https://ripple.com/xrp-portal/+&cd=1&hl=en&ct=clnk&gl=us

There was a time when people thought holding 4200 bitcoin wasn't very much either. Or thought it wouldn't go any higher, the people that held are buying mansions right now.

Imagine if XRP supply burns down all the way to the amount Bitcoin has, even if the Market Cap stays 13 billion that would mean a price roughly half bitcoins right now like 1,000 per ripple would be amazing if you had 4200. Anyone who had more than that be buyin an MLB team

I honestly think that the people that really win at this will be the ones holding it for 3-5 years. In my opinion I think you should not expect to cash out anytime soon if you want to make it turn into something big. Anybody selling since 600 sats is sorry they did.

I don't see how its any different personally. In my opinion the fact that they're getting XRP means they have the same currency as anyone on an open market. And that supply will be burned over time espescially once banks start spending billions per day in transactions possibly trillions per day if you totaled all the banks doing international transactions everyday.

I think the reason why XRP supply so high is because that supply will actually get burned down consistently but not too fast over time and I think the guys at Ripple have done the math for even when all the Banks in the world and central banks as well like Bank of England boom goes that XRP supply if Central Banks adopt.

Central Banks outspend everyone on earth by a mile because they rake hundreds of millions per days from compounded interest where even in Canada a country of only 35 million people has 500 Million dollars in interest from tax dollars going straight to our central bank. They of course spend that money internationally. Could you imagine the bank of England they probably get at least 1-2 billion dollars per day in the same manner. If they could spend that daily along with all their other incomes then imagine with all the banks on earth too. Its gonna be insane, that XRP supply will go down significantly over several years it has to.

Had they made the supply any lower the supply would burn too fast and then you wouldn't even be able to buy any when the banks get involved and I think they know that. Yea sure if it was just us guys using Ripple that supply would never go down but with all these banks on board say goodbye to that supply through as many zeros in there as you want or say what you will that supply is gonna go down to a level near bitcoins is if the banks use Ripple for their transactions absolutely no question that supply is gonna go down to a near bitcoin supply level and then that market cap will transfer into the price slowly as the supply reaches closer to bitcoin and you could have a possibility of it reaching a bitcoin price level within 5 years in my honest opinion. I don't even know how you could argue that even.

Can anyone do the math for us? If we can get the math of lets say banks spending a realistic amount per day fro mall banks then use the XRP burn supply number i'm pretty sure we could compute this ourselves and see that the supply would actually go down fairly decently in an acceptable rate by everyone. With this method its like almost a reverse mining process and its genius and it could really honestly realistically get Bitcoins market cap then have the supply burned and price goes up to match market cap supply and demand as well and we could even see Riipple in a few years hit 1,000 dollars.

If this truly is the next generation coin, or whatever that coin is, and I believe it to be XRP, then that coin has to reach a price level equal to or surpassing Bitcoin and the process in which Ripple burns its supply makes this totally possible.

I think it would be wonderful (smart) if Ripple put a little clause in their distribution agreements such that a small percent of a distribution would require that the buyers purchase a fraction of the coins in the open market.

BOOOOM!

What is good for XRP is good for Ripple!  

Trolls @ work beware!

XRP is real, its here to stay.

It's XRPMania brothers and we running wild like we never ran before!

At the bottom of that thread it is mentioned that that news is from 2014!!!  in the first post they discuss the drop of XRP on the 22nd of MAY!! today is the 20th! use your brain!

Hold it like you have nothing else to hold because its your ticket to richness lol
I have invested to XRP almost too late but I bought at $0.24. I'm holding 4200 of it, I know its not much but I think if the price goes about $1 each, then someone 4 gran is still a good thing to hold. If XRP is now at 17k satoshi, it could go further than that after all its been on 19k satoshi days ago

Yes. honestly he scared the shit out of me. i have most my credit in XRP now

it some sick troll people even have no willingness to comment, guess leopard2

That is old story people 2014
look at the date
http://www.coindesk.com/ripple-price-rebound-ceo-7-billion-xrp-donation/
http://www.coindesk.com/price-ripple-xrp-plummets-co-founde-9-billion-selloff/
I think ripple had a lot of good news on the dip like being added by Bitfinex, Nano ledger and first Bank Ripple payment test.
We should see some long green candle today

This was very well foreseeable, I was expecting to hit 14k satoshi especially when ETH and BTC got very well deserved rise, XRP always go back to 17-19k support, shall see what comes next.

well within the time frame of two days those who already sold their coins below 15k sats are scratching their heads since the support already came back and whales bought it and will hold their new coins inside their bags as others said it can reach 40k but for me i'll be waiting till it reach 5$ before selling what I've got.

* Disclaimer 01 : This is my personal opinion only 
** Disclaimer 02 : This is NOT Trading advice, if you use, at your own risk. I myself don't trade regularly, and this is part my new market learning experience
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Continuing yesterdays 'market conditions' narrative, the following trend, has further strengthened.

May 18, 2017 2.45 PM EDT: >> Chances of settling at 33 cents and starting a gradual soft uptrend to 38 cents is 70% 

 

May 19, 2017 2.45 PM EDT: many important signals have now confirmed this case further & we should be starting aforementioned soft-uptrend in next 8 to 10 hours cycle. It is particularly important to note that, this behavior is one of the hallmark traits of a 'fundamentally strong asset' which is still considered 'undervalued' by the market forces. Other then this trend continuation, there is no new developments today. 


Important values and crux points
~~~~~~~~~~~~~~~~~~~~~~~
>> 33 is the mean & point of start for the soft-uptrend.
>> XRP has enough lead force to continue this uptrend to 37/38 cents.
>> 38~41 cents is next 'fight-zone' where expectations will try to assert.
>> 42 cents is the next take off point, for the next region (45~71 cents).

market conditions, new interest and sentiments remain positive and are increasing consistently. However, it is important to note that the 42 cents breakout to next range should occur in no more then 3 weeks & no less then next 9 days (trend/momentum retaining range).

In other words, gradual base-strengthening uptrend should continue for at the least next 3 to 4 days & then XRP must face the 38-41 cent fight at the least for 4/5 more days. This "base-strengthening" cycling through the international market is required toproperly strengthen the asset and itsbase support lines.

 

Probabilities
~~~~~~~~~
>> The probability that XRP will continue soft-uptrend to 37/38 cents is around 75%
>> The probability that XRP will drop to 29 cents & bounce with solid support is around 20 %
>> The probability that XRP will drop to 27 cents and find immediate & quick hard-bounce is only around 5 %.

until there is change in fundamentals & basic sentiments, I am unable to see chances of XRP dropping below 27 US cents. 
 

My new learning/realization.
~~~~~~~~~~~~~~~~~~~~
In traditional markets(ex: stocks/bonds etc),  'insolvency' of systemic institutions or 'fundamental contingencies” are termed as “existential” level risks. Internet is important for traditional markets as well, but its more of a large outage if anything with various operation suspensions. However, in case of crypto markets, 'Internet' seems to be the 'primordial' risk on which the very existence of assets depend upon. I continue to be amazed studying the dynamics of this new market.

 

 A key macro observation
~~~~~~~~~~~~~~~~~~~
Observing relative sizes of various world markets ( stocks/fx/bonds/bullion/etf/derivatives etc ) and co-relating + collating their relative performances can give some really sound insights into macro trends which 'can be' imminent and ready to play out.  I will provide a bit more details in coming days, on a particular trend I have observed  in this regard. 


Lastly,  of course, it is important that analysis evolves with changing market conditions & related developments. Hence, I will make sure to be flexible and adopt accordingly.

Kindly,
R8

Edited 21 hours ago by R8102V1D2D

JGgirl, XRP200, Kakoyla and 34 others like this

Some interesting trader overview: https://www.xrpchat.com/topic/5004-market-conditions-may-19-2017-245-pm-edt/

Will it be true?

Redox Team‏ @redox_team  27 min
55 billion XRP's will be sold to banks at a discounted price — Steemit

https://steemit.com/outside/@xdark22/55-billion-xrp-s-will-be-sold-to-banks-at-a-discounted-price

So I can stay even-tempered. Good.
I'm really new to this.

I'm looking to a cryptocurrency in which invest my spare for the long term (1+ years) and XRP seems good