Topic: [XRP] Ripple Speculation - page 542. (Read 637292 times)

Do we know what was the cause of the rise in the price?
Was there a new news that could affect the price 100% of what it was one day earlier? If there is no such news involved that makes sense fort he price, I am sorry but there is a big chance it was just a pump and dump.

I doubt we will see ATH or anything near it. Polo is standard POS

i hope to see an ATH again, because of ripple and the technology behind it...but poloniex )) 

There's still time, 200% profit 

Next leg ~9000-10000

better to follow and buy while the price still not too high, wait for a couple of days and see how big the value will be, i seen it went to
7k before polo got some freeze issue maybe its just a try and wait to explode much bigger. keep holding.

Hi,

There's no doubt that there is heavy interest in Ripple technology.

The important question is whether or not banks will use XRP along with the Ripple Protocol, which, from what I've gathered so far, is optional.
If using XRP banks will saves a lot of money, then why is MUFG making their own coin?

Anyone got thoughts on the distinction between XRP and RCL?

http://www.enterpriseinnovation.net/article/forty-seven-japanese-banks-go-commercial-ripple-platform-1140300448
2017-03-07
“The Japan Bank Consortium’s use of Ripple to solve problems with their domestic and cross-border payments is another proof point that we are transforming how money is sent around the world,” said CEO of Ripple Brad Garlinghouse. “Ripple’s continued momentum towards commercialization is another step towards creating the Internet of Value.”

Over 90 banks globally are working with Ripple, including 15 of the top 50 global banks such as Santander, Bank of America and Axis Bank. On top of that, over 30 pilots have been completed and 10 banks are moving into commercial use.




https://www.xrpchat.com/topic/3562-japan%E2%80%99s-largest-hedge-fund-joined-sbi-ripple-asias-consortium/



http://www.sbigroup.co.jp/english/news/pdf/2017/0331_a_en.pdf  
 March  31,  2017 SBI Holdings, Inc.
1.    Background of the reorganization of subsidiaries
While technological   innovation   in   financial   services   is gathering universal attention, the   SBI   Group  incorporates subsidiaries that  conduct  various FinTech-related  businesses,  such  as  online  settlement,  social lending servicesand international remittance as well as cloud services of back-office operations, respectively.
2.    Change of SBI AXES
’corporate name In accordance with the reorganization, SBI AXES, which is SBIH’s subsidiary, will form a business group that affiliates  multiple  FinTech-related  businesses  of  the  SBI  Group.  Going  forward,  SBI  AXES  will endeavor  to  further enhance corporate value by accelerating its growth from placing these FinTech-related businesses at the heart of its business as well as developing services with high customer benefits through the aggressive adoption of new elemental technologies ,including blockchain.

get in now

Four Key Blockchain Use Cases for Banks: FinTech Network Report
April 03, 2017, 01:35:51 PM

http://www.nasdaq.com/article/four-key-blockchain-use-cases-for-banks-fintech-network-report-cm769183

The whitepaper cites Ripple's protocol as an example of blockchain-based payment system for banks: "Ripple can be used by banks for an open-source approach to payments to replace many of the common intermediaries in the payments industry, thereby passing on savings to partner institutions, and thus by extension, to their customers. Thus blockchain can be used to make payments in real-time globally, with real-time execution, complete transparency, real-time fraud analysis and prevention and also at a reasonable cost."

 


btw hodl..whales are not losing their position on XRP...only noobs are being pushed into panic selling to them
(like many here, ive saw price suppresion on lots of coins...lets the big boys accumulate low)

lol, i said warming up....
2k @ bottom is amazing considering 3days ago 2k wasnt even the top  
needed more fuel  (not enough XRP on sell side when it hit 7k)
fuel is there now  
hopefully many of you caught the dip....be prepared to see some huge greenies, wiping out many shorts

gona have me sum fun for next 12 hours    ( might slap on a BB wall at 5k lol )

Oh, that's a good one.
"The current minimum transaction cost required by the network for a standard transaction is 0.00001 XRP (10 drops). It sometimes increases due to higher than usual load."
https://ripple.com/build/transaction-cost/

You may find the actual amount of fees burnt on Ripplecharts https://charts.ripple.com/#/metrics

With introduction of PaymentChannels, you don't have to spend XRP on fees, since you may transact virtually 100000txs/second and the fees only apply to a final settlement. Which is one transaction.

Total amount of XRP available is 99000000000. How many years would it take to burn at least one billion in fees?

As of March 12th, 2017
*Total includes business development agreements that are still pending
TOTAL XRP HELD BY RIPPLE 62,657,673,585
TOTAL XRP HELD BY OTHERS 37,338,114,912*

Jed and co-founders stash (~15-20B XRP) is part of the number of XRP held by others.

There is no legally binding document that would prevent large quantities of XRP to enter the market. In fact, Ripple-the-company sells XRP to fund its operations. Continuously.

Hello all, I'm new here. Missed out on the BTC train back in 13' but have been monitoring altcoins lately because I see and understand the future of commerce in regards to our current digital revolution. It seems clear to me that there is no doubt, there will be another wave of people getting extremely rich from picking a few winning altcoins, and I'll be damned if I'm gonna miss it this time around! So, here's the thing. I have been watching XRP like a hawk for almost two weeks now. I've never gotten around to figuring out the fundamentals of crypto-wallets and actually buying any coins. I've read about it extensively, but the security aspect scares me since I'm no hacker or security expert and I'm almost positive a few of my devices (specifically one PC and a laptop) are compromised and are probably part of a botnet. I recently acquired a MacBook Pro and I think that would be the device I would use to do trading since it's much more secure than any of my windows machines. But, about 4-5 days ago, when XRP was still a penny(USD) I decided that I was ready to buy. I googled "how to buy XRP" and decided on bitstamp for my XRP  exchange and coinmama to buy BTC with my credit card to transfer to bitstamp. It took me days to apply and get verified for all these different sites, and was researching how wallets work and trying to decide on one. All of this was taking FOREVER, and by the time I got verified and was able to actually use the exchange, I had been watching the price go up and UP AND upppppp and being powerless to do anything  until the high yesterday Got to $0.07USD and I just about lost it. I was looking to buy about $10,000 worth at a penny, so you could probably understand my pain. At this point I've pretty much given up, this shit is really way too complicated for the average joe, and I'm actually quite good with computers and I understand exactly how blockchain technology works but the whole wallet/exchange system is not very user-friendly at all for noobs, and I just feel like I can't risk such a large chunk of money I don't even have(credit) just trying to figure this out. I know I basically missed the boat and it frustrates me more than anything since I saw it coming so damn early. And had absolutely no way to capitalize on it since it's so damn complicated. I still don't even know where to get a ripple wallet. The thing that scares me the most is with these digital currencies, you can get your shit stolen in the blink of an eye for just a slight misstep, or using a compromised device. I even installed armory on an offline laptop, and even THAT ended up freezing on the screen to print a paper backup, so I couldn't even do that right. Are there any senior members here that could help me out? I'm just a 30 year old guy with a young family trying to get in on this train before it leaves the station, any help at all would be appreciated! Thanks in advance!

next pump DASH  

XRP is not required to transact on Ripple. Many banks using Ripple and Interledger choose their own token to bridge with currencies. If a bank wants to use XRP as a bridge currency, the value of each XRP is discretionary. If anything, these huge pump and dumps of XRP will keep banks away from choosing the optional token. This is not FUD.

 People thinking of getting into XRP as a speculative asset should go to Ripple.com and thoroughly read about it. Ripple Labs is not hyping their own XRP token, quite the opposite in fact.

You're welcome, I hope it's informative.

No rockets warming up. Just the rumble before the fart...


Thanks @ coinsmanager. I will watch this video later.

One of the biggest problems is the amount of coins under the control of the developers, or I should say Ripple Labs. Regarding technical aspects, there are some points discussed here: https://www.youtube.com/watch?v=mQKxSVLLfAk