Topic: [XRP] Ripple Speculation - page 558. (Read 637292 times)

there are rumors on the Turkish threads that a pump is near...

http://www.bloomberg.com/news/videos/2016-03-11/mystery-dude-rattles-markets-for-turkish-stock-traders

and so it begins....

Ripple pump is very close

Here's a poll from XRPChat - http://www.xrpchat.com/topic/716-anonymous-poll-about-investmenttrading-in-xrp-by-xrpchatters/#comment-5753

The amount of available XRP is a bit misleading because we don't know what % of XRP is held by financial institutions and not being traded. At any given time you'll see that there's very little XRP on the order books suggesting that most people that own it are buying and holding. If you were to buy $10K worth of XRP on Gatehub.net right now, you'd shift the price from 0.0078 to 0.0090...

I'm just doing some thinking on my personal situation here.

BTC market cap is 23 times that of XRP.

My crypto portfolio consists of 5.5% XRP.

I really have no idea if that's reasonable. There are so many things to consider. I believe Ripple market cap could be at least equal to BTC and I believe that both will be many times higher than they are at present. It's a $34 Trillion market these techs are looking to disrupt, so with that much money floating around out there it's mind boggling.

when people say they are holding XRP i'm curious to get a sense of quantity in view of the price (due to the enormous supply side).

I agree and I understand,  I've actually settled the issue in my own mind since I started this.  It's going to go up, and it is goinng to go up a lot in my opinion.  And I have no idea what the timing of it is going to be because they are approaching this in a very patient, simple, and fenced in sort of way.  I may sit here hold XRP longeer than I would like with no price action at all - watching Eth go to the moon - and get frustrated and want to kick myself.  But I'm a HODLer, and I've reapportioned a bit, and I like where I am.   XRP will get there sooner or later.  And I still have a gut feeling that its going to happen fast, so I'd rather be in than playing catchup later.

I think they'll leave it to community to develop consumer-facing products like wallets and exchanges. They aren't interested in being a money-service business. They're a software company that's trying to revolutionize how value is transmitted. Ripple is interested in XRP but isn't all about XRP. They've stated over and over again that they want to build a very low-level protocol that unlocks value that's been siloed because of lack of ledger interoperability. They aren't trying to change business rules or replace the current financial infrastructure. The Ripple network allows for 3.5s settlement between entities on the Ripple Consensus Ledger, now Ripple's promoting their interledger protocol to allow disparate ledgers to interoperate. If people see value in XRP they will build the tools around it. I think we do see Ripple engaging strategic partnerships that will increase the demand for an interest in XRP though, it's just what they're all about. At the end of the day rest assured that their investors are interested in a BIG return, their investors damn sure are interested in XRP gaining value.

Honestly in a comparison of Bitcoin vs Ripple, all I need to see it the bold/underline above.  If Ripple would develop a Wallet/Exchange base worth something, then I can see it replacing Bitcoin in the actual use case scenario.  Bitcoin has a huge head-start.  It is the "First Love" of many people, including myself to a degree - but honestly, so many of us are just plain pissed/frustrated with Bitcoin.   It seems to be a  nowhere coin - going nowhere, doing nothing, and competitors springing up all around it.  Ripple is perhaps THE best positioned coin to displace it (NOT saying it will) IF IT GETS AN EXCHANGE/WALLET BASE ESTABLISHED.

I realize that isn't looking like the plan at present, but I think that may not be bad, becasue I think they are trying to solidify the banks first.  If they do manage that, then launch "public access" - then this could go somewhere fast.  But I think we'll see this adoption/realization build up slowly for some more time, then pop.   So... not yet.

Lets not forget that Ripple supports a transaction volume many times higher than Bitcoin. And transactions get into the ledger within a few seconds instead of 10 minutes to an hour (or more). Furthermore, the Ripple Consensus Ledger simply *does more*, there are built in order books, pathfinding, and payments allowing users to interact more conveniently with fiat IOUs.

It's actually the opposite, they're now strongly promoting XRP as a financial asset that also decreases the cost of cross-border remittances. Since November of last year they've slowly been rolling out announcements and position papers that speak to that fact:

11/2015 - XRP’s Role on Ripple and in the Internet of Value (https://ripple.com/files/ripple_vision.pdf)

1/2016 - SBI Holdings and Ripple have also agreed to explore working together to list XRP, Ripple's native digital asset, through its online brokerage properties, including the largest online trading platform in Japan. (http://finance.yahoo.com/news/ripple-strikes-multi-national-deal-060000917.html)

2/2016 - Earthport’s marketing materials tout that the company approves and screens market makers that can then acquire and offload the necessary XRP (http://www.coindesk.com/earthport-banks-distributed-ledger-payments-hub/)

2/2016 - The ROI of Using Ripple and XRP for Global Interbank Settlements (https://ripple.com/files/xrp_cost_model_paper.pdf)

2/2016 - Ripple and XRP Can Cut Banks’ Global Settlement Costs Up to 60 Percent (https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/)

2/2016 - Ripple Partners with Crypto Facilities for XRP Derivatives (https://ripple.com/insights/ripple-partners-with-crypto-facilities-for-xrp-derivatives/)

4/2016 - is when we suspect the big announcements will start to come out... after Ripple Trade shuts down

got links that prove they still show sign they will use the token?  im genuinely interested

you are wrong.

i thought ripple long ago decided to drop the coin.

it seems they have done an 180, or i read it wrong. good to see them back in the blockchain game : )

I kinda like Ripple.  They're doing something different and if they make banking better, then they're doing a good thing.  Two headlines caught my eye the last few weeks:

https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/ (note the incentive they offer to banks)

http://www.coindesk.com/how-standard-chartered-is-using-ripple-to-rethink-trade-finance/ (big banking relationships, multi-continent strategy)

It's impressive.  It's also refreshing to read about businesses getting things done - I need a break from reading about the logjam over raising BTC's blocksize limit a whopping 1MB.

XRP is FIAT 2.0 crap. Period. It's already dead.

I'm not actively participating in this one either.  I mean - I am heavily in Ethereum, but I don't intend to try and "time" any trading here.  Too close to Homestead release on March 14.  I sort of think this may be the beginning of what looks like a bubble - but may have a couple of other pumps coming.  In the end it may not be a bubble at all, just a step up.

Thats the problem with "Trading" in the major crypto currencies.  Traditional trading rules get destroyed when you are in a situation that involves an entire industry (financial) changing over.  Yes, you have ups and down along the way - but the overall trend is that you have the old paper/fiat currency of the ENTIRE WORLD, slowly pouring into this new space.  I mean, this is going to be a COMPLETE change in global finances over the next few years, and every day you have more people waking up and realizing this.  And money is flowing in, and flowing in.  And flowing in.

I'm just not smart enough to time this Ethereum move, except to know it will be higher and higher month after month.

And watching this I think I am not smart enough to time XRP either.  I think I am at peace now.  HODL on XRP for now.  I have 75% in Ethereum and it is making money.  I think I HODL and add to XRP, and let Ethereum do what it is doing without my help.

I think then comes the time of XRP, and maybe, just maybe Bitcoin goes up at the end?

If Ethereum goes to $1 billion marketcap then you'll double you're current holdings. If XRP --> $1 billion you'll quadruple your current holdings. Ethereum will continue to gain value but remember, they currently have ZERO useful apps addressing real world problems. XRP is so cheap that it make sense to hold on to a small amount. 75% ETH : 17% XRP makes sense.

Personally, I'm more bullish on XRP given that it's clearly addressing a real world problem and is actively being adopted by banks. It's a pain to get XRP but I've never had a problem finding liquidity for it.

Microsoft news today will induce another Ethereum pump but I decided to sit this round out for now.