XRP: What is the main aim right now? - page 3.

JollyGood

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Quote from: Angrydwarfs on July 08, 2019, 08:52:38 AM

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping, stay clear of this shady coin folks!

I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000

Angrydwarfs

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The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping, stay clear of this shady coin folks!

JollyGood

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Quote from: Red-Apple on July 08, 2019, 06:08:19 AM

your comment about your "investment" and success doesn't make sense to me at all.
consider that you are not talking about a separate market or a completely separate asset in a different world. if you were for example saying "Gold" has gone up 5% in the past 6 months then it would have made sense. it would have been a successful and good investment because it is a DIFFERENT market.

but when you are talking about an altcoin you are in the same market and the same world as bitcoin and in that world where bitcoin has gone up 250% in the past 6 months and XRP has gone up only 5% against USD while dropping ~70% against bitcoin, i honestly can't understand which part of this investment you are happy about?

In the event I made a mistake of purchasing XRP for $3.65 each in January 2018 and now find the price at $0.39 I would be extremely worried but thankfully I did no such thing and did not make that mistake.

If in a relatively short period of time Bitcoin increased by 250% and XRP increased by 5% that stands to reason people would conclude what they want about their investments or observations but for me I purchased my XRP years ago for way less than $0.01 each and could not be happier. So whether I sold all or some of them in the December 2017 / January 2018 bull-run peak price for $3.65 each or whether I sell now at the current price of $0.39 means I am very happy with my XRP investment because I will make a significant return on my initial investment.

Red-Apple

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your comment about your "investment" and success doesn't make sense to me at all.
consider that you are not talking about a separate market or a completely separate asset in a different world. if you were for example saying "Gold" has gone up 5% in the past 6 months then it would have made sense. it would have been a successful and good investment because it is a DIFFERENT market.

but when you are talking about an altcoin you are in the same market and the same world as bitcoin and in that world where bitcoin has gone up 250% in the past 6 months and XRP has gone up only 5% against USD while dropping ~70% against bitcoin, i honestly can't understand which part of this investment you are happy about?

JollyGood

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There seems to be some negativity against XRP and Ripple but it seems without foundation.

XRP has a purpose and actual use in the real world, so does Ethereum. Bitcoin is the base rate crypto currency. Keeping those three aside you are hard pushed to find any crypto with any actual usage or functionality. 99% of the coins and tokens out there are useless and well as pointless.

Ripple might not decentralised but that cannot be used as an excuse to attack it. Nor can currently locked founder XRP be used as a reason to say XRP will fail. All Ethereum based ICOs also have founder tokens that are immediately available or locked until a specific date.

Keeping the FUD aside and looking at it purely as an investment, XRP is a great option to consider.

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Quote from: Angrydwarfs on July 07, 2019, 10:53:16 AM

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.

Ripple foundation is not yet even dumped the pre mined coin and imagine what already happened when it will have dumped to the market. Jed mccalleb is the best example about how ripple is only a scheme to make the creator become the rich person lol this just like a pyramid scheme

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Quote from: JollyGood on July 07, 2019, 10:23:33 AM

As an XRP investor I am happy to hold and very happy to see small incremental increases in price rather than the higs and lows of Bitcoin and to a lesser extent Ethereum.

As long as you're happy with your investment, everything's fine.

Quote from: JollyGood on July 07, 2019, 10:23:33 AM

XRP continues to occupy the 3rd spot by biggest market capital and is trading very high volumes and the price is easily within range for even the most novice and careful of investors to add XRP to their portfolio.

No, I'm good. There is no room in my portfolio for xrp

Quote from: JollyGood on July 07, 2019, 10:23:33 AM

Things still look very good for both XRP and Ripple.

Really? Istn't xCurrent their flagship product; and I read somewhere at the beginning of the year that not a single xCurrent user has chosen xRapid yet.
and as we all know, xCurrent does not require XRP.

Quote from: JollyGood on July 07, 2019, 10:23:33 AM

Right now the Moneygram deal has been announced and regular news about fintechs using/testing xRapid/Ripple appears frequently but what do you think the main aim of Ripple Labs is for the near future versus to the mid-to-long term?

The main aim of Ripple Labs? Presumably to bring new xrp from the escrow into circulation. Wink

Angrydwarfs

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I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.

JollyGood

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As an XRP investor I am happy to hold and very happy to see small incremental increases in price rather than the higs and lows of Bitcoin and to a lesser extent Ethereum.

If XRP was circulating at a stable $0.75/$0.80 at the end of the year 2019 I would think of it as a success.

XRP continues to occupy the 3rd spot by biggest market capital and is trading very high volumes and the price is easily within range for even the most novice and careful of investors to add XRP to their portfolio. Things still look very good for both XRP and Ripple.

Right now the Moneygram deal has been announced and regular news about fintechs using/testing xRapid/Ripple appears frequently but what do you think the main aim of Ripple Labs is for the near future versus to the mid-to-long term?

Topic: XRP: What is the main aim right now? - page 3. (Read 501 times)