Topic: [XRP] Ripple Speculation - page 559. (Read 637625 times)

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.

When I read what you said about Ripple news, I don't really agree with you. XRP is present in a lot of market place. Thus, its value should be exponentially moved in one way or another by these "news", that for the actual cryptocurrency situation, are far from being bad (99% of available cryptocurrency owners would cut their balls for this kind of partnership). I have considered buying XRP since I started investing in cryptocurrencies, but I have been waiting for it to fluctuate or respond to any of these positive news, which it hasn't done for the moment. I am still not understanding why it is not responding positively to these news in terms of value, maybe you have got some ideas?

Well, I am currently 75% Ethereum.  I mean, I'm not stupid.  And I'm 8% Bitcoin.  And about 17% XRP/Ripple. 

Bitcoin will go skyrocketing once Lightening is worked out and the Tech Giants replace the "Money Holding/Spending" of the Bank Giants.  But Baks will still control major aspects of the financial world, mostly loan/derivative/investment - but will lose out to an active/fluid spending network controlled by Tech.   Ethereum will be an economic/technology driver in the "IOT".  It may even be a cash.  And XRP/Ripple I do see as potential Bank Currency.

Or Ethereum may kill then ALL off.  But I think it will be a mix.  But Bitcoin and XRP are NOT the darlings now.  Bitcoin because it is run by retarded monkeys, and has a power / scaling problem.  XRP because it is sheltered/fenced off from users.

I only need a single sideways moving coin to make up maybe 10 - 12%.  Bitcoin or XRP?

Diversify partly in to ETH. 

XRP is just fairy stories about China.  (China is this mythical land full of willing bagholders for failing cryptocurrencies)

XRP is centralised fake-crypto dogshit.  Ethereum will make crypto real.

You decide

The above 2 positions, and I agree with both of them, really are at the heart of my personal dilemna recently.  I WANT to hold my XRP, because I do see it making a hard break at some point (AND I honestly think it is going to be a surviving valuable asset in the long run).  And I do think Ethereum is going to make another hard break upwards, and CONTINUE upwards.  To me the Ethereum move is rather predictable.

So WHY am I still stubbornly holding my Ripple/XRP?   I mean, if Ethereum is going to break up soon, and XRP languish in a sideways motion for the next 3 - 6 months, why not move it all ito Ethereum, then take profits and buy back XRP/Ripple in two or three times the volume?

And yet.... something inside me tells me to HODL fast on XRP/Ripple.  So far I keep listening to the "little voice", but again, reason for this thread is I am looking for any tangible clues to back that little voice up.

i have been watching Ripple for some time now, but i have only seen the price not move or go a little down. but the daily trade volume is nice.

anyways i am currently holding my XRP, not given up on it yet.

I think Ethereum will be at $1 billion market cap sooner rather than later.  And reach market cap parity with bitcoin sooner than people expect.

Thanks.  I was beginning to wonder if I should keep holding.  But your factual data and such incredible, thought provoking analysis has convinced me to immediately sell this obvious dog.  The amount of time I have wasted, when I could have just asked you is so incredibly embarrassing.

So, what are your thoughts on Ethereum and Bitcoin?  I really must know.

XRP is a dead coin.   No adoption.  Just bagholders telling fairy stories to each other