What exactly SBI refers to, I am really confusing about XRP because whether to hold or sell. Som people are telling that XRP blockchain attracted many banks. So the price XRP will be soaring in coming days, some people are saying it will increase the price and it falls to where it was before.
That's why it's called speculation. You simply do not need to understand it. Just ride along. Do you know people also speculate about XRP surpassing Bitcoin and achieving a $100 Billion Marketcap? Yeah, That too.
Considering current price of BTC, it requires 40B capacity to get 1$ per XRP, so it has to be ~ 0.00075 BTC, this is 20 times of what it is now.
Now, important to understand, XRP has value, its an asset. To have a price it needs to have an exchange and demand, which is what guys working on and that will start happening, when settlement/remittance will start taking place, when IoV will enter IoT, when XRP get listed on FX or alternate one.
XRP does not give a shit about BTC, and does not depends on it, put it on cold storage and forget about Poloniex/Kraken, as both of them centralise XRP value around BTC. But this is again has nothing to do with XRP itself.
And why I waste time explaining that....
Very well said...spot on m8
Thanks mate!
What exactly SBI refers to, I am really confusing about XRP because whether to hold or sell. Som people are telling that XRP blockchain attracted many banks. So the price XRP will be soaring in coming days, some people are saying it will increase the price and it falls to where it was before.
That's why it's called speculation. You simply do not need to understand it. Just ride along. Do you know people also speculate about XRP surpassing Bitcoin and achieving a $100 Billion Marketcap? Yeah, That too.
Considering current price of BTC, it requires 40B capacity to get 1$ per XRP, so it has to be ~ 0.00075 BTC, this is 20 times of what it is now.
Now, important to understand, XRP has value, its an asset. To have a price it needs to have an exchange and demand, which is what guys working on and that will start happening, when settlement/remittance will start taking place, when IoV will enter IoT, when XRP get listed on FX or alternate one.
XRP does not give a shit about BTC, and does not depends on it, put it on cold storage and forget about Poloniex/Kraken, as both of them centralise XRP value around BTC. But this is again has nothing to do with XRP itself.
And why I waste time explaining that....
Not a waste sir, not a waste at all. Its very important that people know what you just stated. XRP is not BTC dependent.
Thank you Sir,
Where do you guys store your Ripple? I'm new to them I have bought some of it on kraken. I did visit their forum but seem like I can't find their wallet guide.
Care to point me where I can find it please?
Care to point me where I can find it please?
Wallet as a Cold Storage only available on GateHub
https://www.xrpchat.com/topic/998-official-cold-wallet-from-ripplecom/?page=2
https://www.xrpchat.com/topic/2933-cold-storage-of-ripple/?page=2
If you want maximum privacy.
I haven't tried any of them but which can you recommend, I'm looking for a wallet that also don't have to download all the chain so i can easily move it from one wallet to another. Its a hassle free for me that way and we don't have to wait for hours to sync.
Just use GateHub and be happy!
muahahaha
(this was due to speculation)