[mack10]

Some food for thought on XRP/Ripple and just in general for crypto investors as it plays out under our noses day in and day out..

https://www.reddit.com/r/Ripple/comments...nderlying/

The point about the Moneygram announcement is certainly telling of such a scenario...

Long story short, try to be a whale ASAP.

[SamuelBRoberts]

Usual BS about "Whales manipulating the market".

"Whales are accumulating!" is what every bagholder of every crypto says when stuff doesn't go their way.
It's something of a running joke among traders.

Ripple might do well, still, because who the fuck knows what will happen in Crypto, but I could've written that exact same post, with only a few minor alterations, for every single coin in the top 50.

[Cattle Rustler]

The only thing that's gonna ripple are the XRP hodler's assholes when that shit tanks and they're about to rawmeo themselves.

[SamuelBRoberts]

Eh, what FOMOs once can FOMO again. I'm done trying to predict the future of coins I don't own.
If you're right you don't make any money and if you're wrong you look like an idiot.

But yeah I'm not holding any XRP.

[Sidney Crosby]

Just put $1000 into XRP for a long term hold, I'll cross my fingers and hopefully something happens over the next few years.

I was playing on investing a when it was trading in the $2 range, good thing I was having account issues and was able to buy it today for the first time at .72 USD

[SamuelBRoberts]

(02-08-2018 11:10 PM)Sidney Crosby Wrote:  

Just put $1000 into XRP for a long term hold, I'll cross my fingers and hopefully something happens over the next few years.

I was playing on investing a when it was trading in the $2 range, good thing I was having account issues and was able to buy it today for the first time at .72 USD

Well, on the one hand the long term chart for XRP looks like the saddest story ever. It's like that one-sentence thing Hemmingway wrote about the baby shoes, except in crypto format.

On the other hand, it's sitting right at a major support level, and I think the market is due for a nice turn upwards.

I will say that out of all the times to buy XRP you probably picked the best opportunity that's been available for a long time.

[zoom]

MIT tore Ripple apart: https://www.technologyreview.com/s/60995...t-bitcoin/

The technology might work, but the token is completely useless.

"Ripple’s blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead. They settle the transactions later, using fiat currency."

[Samseau]

[url=https://twitter.com/BitMEXResearch/status/960686999433703424][/url]

FULL control over their ledger.

Monero lead maintainer fluffy pony also mentioned this in his magical crypto friends show, at the start of XRP's blockchain a huge sequence (of tens of thousands of blocks) are missing!! People just brush this off, but this means Ripple can edit the start of the chain whenever they want and do anything to the coin. Scam alert...

[Samseau]

(02-09-2018 10:41 AM)zoom Wrote:  

MIT tore Ripple apart: https://www.technologyreview.com/s/60995...t-bitcoin/

The technology might work, but the token is completely useless.

"Ripple’s blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead. They settle the transactions later, using fiat currency."

In other words, the XRP token is just a test display of the underlying transaction technology. The token is nothing more than for show.

[CaptainChardonnay]

(02-09-2018 10:41 AM)zoom Wrote:  

MIT tore Ripple apart: https://www.technologyreview.com/s/60995...t-bitcoin/

The technology might work, but the token is completely useless.

"Ripple’s blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead. They settle the transactions later, using fiat currency."

Can you copy and past article, its not letting me see it.

[Sidney Crosby]

^^^

Not all cryptocurrencies are created equal. Don’t tell that to investors in XRP, though. In the last month the currency owned by Ripple, a company that bills itself as using blockchain technology to build the payment system of the future, soared in price by a whopping 700 percent. XRP’s overall value pushed up to nearly $150 billion and briefly made Chris Larsen, Ripple’s cofounder, one of the richest people on the planet.

This piece first appeared in our new twice-weekly newsletter, Chain Letter, which covers the world of blockchain and cryptocurrencies. Sign up here – it’s free!

The exuberance was fueled, at least in part, by a belief that anyone buying up XRP was getting in on the next Bitcoin. But for some it could end up as a very expensive lesson that what they bought into is a different animal altogether.

To begin with, Bitcoin relies on a network of “miners” running code that validates transactions and keeps the currency secure. Bitcoins are released as rewards for this mining and act as an incentive to keep the network running (see "What Bitcoin Is, and Why It Matters"). In Ripple’s setup there are no miners; all 100 billion coins of XRP that exist were created when the network launched in 2012. Its creators kept 20 billion and gave the rest to the company. Since then, Ripple has been “methodically” distributing tokens to clients, but it still holds nearly 50 billion in an escrow account.

That’s not all. Ripple uses a novel consensus algorithm (PDF) to validate transactions, and it recommends that clients use a list of identified, trusted participants to validate their transactions. This stands in stark contrast to Bitcoin, where anyone can become a miner.

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This gives Ripple a large measure of control over XRP’s inner workings, which has led many to argue that it’s not truly decentralized. In that sense at least, XRP is a “really bad” cryptocurrency, entrepreneur and cryptocurrency analyst Ryan Selkis wrote last week in a lengthy analysis.

But XRP was never meant to be another Bitcoin. Ripple’s big bet is that XRP will become a “bridge currency” that many financial institutions use to settle cross-border payments faster and more cheaply than they do now using global payment networks, which can be slow and involve multiple middlemen. Bitcoin could be used to do this too, but Ripple can settle 1,000 transactions per second, compared with Bitcoin’s seven, and its transaction fees are much lower. The idea is that this will in turn will make the currency more valuable. The company says that more than 100 financial institutions are using its technology, and XRP’s recent spike has been linked to the news that that 61 banks in Japan and two in South Korea have formed a coalition to launch a new Ripple pilot.

Here’s the catch, though: Ripple’s blockchain-based payment network doesn’t need a bridge currency to work, and nearly everyone using the network has so far chosen to exchange digital IOUs instead. They settle the transactions later, using fiat currency. (UPDATE: As many have pointed out in the comments, MoneyGram, a leading money transfer company, today announced that it would test XRP. The announcement does not guarantee adoption, however.)

Last week, Brad Garlinghouse, the company’s CEO, tweeted that banks and payment providers are “indeed planning to use (XRP) in a serious way.”

Nonetheless, people speculating on the token right now probably ought to be aware that widespread adoption is far from a reality, and may not ever be one. And perhaps some folks are starting to realize that: as of this writing, XRP’s total value had fallen back to earth in a big way, losing nearly $100 billion of market capitalization in the process.

[CaptainChardonnay]

Thanks brasef

[bgbusiness]

It seems like big things coming this summer for Ripple...new technology is getting implemented too.
The CEO is fucking solid imo. One of the best CEO's I have seen for cryptocurrencies.

[Sidney Crosby]

Ripple seems like one of the safest investments, maybe the days of 1000x your investment are gone forever but it seems like a pretty safe bet that if you bought it to Ripple now you could 10x your investment over the next 6 months, which by traditional standards is really fucking good.

I have Ripple but I'm undecided on buying more, something else or just doing nothing. I bought it at around 80 cents during the February dip so I'd be pretty happy if it could hit $10 in Q4.

[HD668B]

(03-14-2018 01:26 AM)Sidney Crosby Wrote:  

Ripple seems like one of the safest investments, maybe the days of 1000x your investment are gone forever but it seems like a pretty safe bet that if you bought it to Ripple now you could 10x your investment over the next 6 months, which by traditional standards is really fucking good.

I have Ripple but I'm undecided on buying more, something else or just doing nothing. I bought it at around 80 cents during the February dip so I'd be pretty happy if it could hit $10 in Q4.

Just leaving this here.

https://blog.bitmex.com/the-ripple-story/

Should change everyone's mind about RIPPLE.

[SamuelBRoberts]

XRP performance looks pretty similar to BTC over the past few months.

If you think BTC is dead, then XRP is not a great buy.

[zoom]

(03-14-2018 01:26 AM)Sidney Crosby Wrote:  

Ripple seems like one of the safest investments, maybe the days of 1000x your investment are gone forever but it seems like a pretty safe bet that if you bought it to Ripple now you could 10x your investment over the next 6 months, which by traditional standards is really fucking good.

What makes you say that? You are new to crypto and it doesn't seem like you have any idea what you're talking about, in this thread and in others.

[bgbusiness]

https://cryptodaily.co.uk/2018/04/ripple...xrp-price/

Ripple partners with Apple.
Really? I am the first guy to post this?
People sleeping on Ripple.

My top coins in no particular order
1. Bitcoin
2. Ethereum
3. Ripple
4. Stellar
5. Binance
6. ICON
7. Vechain

I would say Ripple is my top 2 for the next year or so.

[Malone]

I don't see a primary source for this, just a bunch of people talking about a Youtube video that's not by XRP or Apple.

I can't see any reason Apple would use ripple.

[zoom]

(04-18-2018 05:02 AM)bgbusiness Wrote:  

https://cryptodaily.co.uk/2018/04/ripple...xrp-price/

Ripple partners with Apple.
Really? I am the first guy to post this?

Obviously fake news. The market never reacted.

[tomzestatlu]

There have been so many speculations about partnerships that are nonsense. But one thing is probably true and it´s that another big partnerships will come.

[bgbusiness]

Alright, fair enough.
The market is up 75% within couple weeks though.
I think we hit the bottom or pretty close at this point.

[SamuelBRoberts]

Buying XRP on news has NEVER worked for me. I've gotten my face punched in so many times that I almost refuse to deal with the coin at all.

It works really well with TA though given its size and liquidity.

[invester]

Hopefully, Snoop can successfully shill this during Consensus.

[nickguru]

It makes sense to buy Ripple relying on news from proven sources or events. It is normal and a right thing to do, to make predictions for such a scheme. If you read the news about banning crypto after you invested in it, I think you will be disappointed.