I really hope Ripple goes to zero but informative none the less.
RE: RIPPLE (XRP): Target Update with Elliott Waves & Chart Patterns
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RIPPLE (XRP): Target Update with Elliott Waves & Chart Patterns
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For a while I was big on ripple and invested most of my money into it but luckily I sold it all at $2.21 and I don’t think I will ever buy it again. It’s a useless centralized coin which will never go up a lot cause the creators would become trillionaires and I doubt that will ever happen.
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Good Sell and move on. In the meantime, the rest of us will continue to BUY up as much XRP as possible. Because? Well, real partnerships, real world use case, very undervalued, real time transactions and very cheap. This thing is heading up.
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same here :) i sold most at 2.81 dollar new crypto holders think this is the next bitcoin or somthing ? not realising the total supply 99,993,093,880 is to big ...just trade them on a short-term basis if u ask me
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Good shit man..
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exactly
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You do understand that currently 54B of the coins are tied up in smart contracts that only become available one per month i.e 1B coins per month - if the company does not need them - they put them back into a new smart contract on the end of the cycle. Do you have any understandng of the proposed use of these coins ? You need to read up more (some) before posting uninformed crap like this (start with reading about Nostro/Vostro in banks)
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uninformed crap ? the fact is i made good money on shorting ripple u need to get deeper in trading crypto before u attack someone else's comment
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There will be bitcoin trillionaires as well....any issues with them? One bought into tech early....one vastly improved the processing part of it later. What's the issue? Spare me the entire centralized bs, give me a real reason and proof that it is centralized. Is western union utilizing financial systems or were they doing it off their own liquidity? How about moneygram? Yet again one someone that just sees what is being talked about the most and not looking into it critically.
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Ripple Labs own 62 billion ripple. The total supply is 100 billion. Do the math.
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Math is hard
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Ripple own about 62% of the entire supply of ripple. If you subtract their debts, it's about 55% of the entire supply. The volume tops about $10B USD/24h at volume peeks, which means that Ripple can effectively get the price as low as they want.
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Check out this post, if you want to know, if Ripple will be $100 or $1000 one day! Also, don't forget, that you can be easily rapped by Ripple!
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I'm not a fan of xrp ,but if it were to get listed on coinbase I think it'd go to $5 easy.
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Bought at @ $2.10, panic sold at @$1.00 . Even though it's not Ripple's fault, I hate it. God dang you Ripple!!
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Emotions are your enemy!
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You should have made a limit order at your getting-in price if you were going to get out on a dip. It is never a good idea to sell under your buying price with any cryptocurrency if you can wait, as they generally fluctuate significantly.
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I believe and invest in cryptocurrencies because I strongly support anything that makes the banking cartel and geopolitical cabal very nervous. Ripple XRP is huge step back toward business as usual for these criminals and I will never touch it.
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I think based on who backs Ripple it is a safe bet that it will go up. Not my favourite HODL but one indeed
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Lol why you say that?
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Possibly because XRP is useless
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Claiming XRP is useless shows you don't know much about Ripple.
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I'd love to get into a conversation about XRP if it would help clarify some points for you. For starters, I think it's important to note that I said XRP was useless, not the Ripple blockchain, which has great merit. In short, the banks do not need XRP to benefit from Ripple's blockchain tech. Important to remember that cryptocurrencies are not the same thing as blockchain.
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Umm actually you obviously know a LITTLE about it - but not enough. read up about Nostro/Vostro and then you will understand why XRP on the XRAPID network is ideal for non-optimised currency pairs (which is the low hanging fruit that they are targetting). The XRAPID environment (development tools and network) is just a trojan horse to get them in the door, XRP is the end game
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Please read up on http://willbanksusexrp.com/
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just like your comment actually
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ZING!
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Couldn't agree more. speculative coin making the founders money
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XRP is a coin owned by banks and one of the main benefits of crypto is to rise above the banks and redistribute the wealth.
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That is complete BS. Ripple is a token that can be used to transport values, it isn't centralized either, and I doubt the banks are really going to adopt it in the long run.
None own any of the tokens any more than buyers at the exchanges do.
This doesn't mean I have a lot of sympathy for Ripple, I would rather go for Stellar Lumens which are a perfect exchange token for individuals and merchants especially in the third world - very easy going and certainly without bankers influence.
While Ripple is marketed to the banks by its makers, Stellar is not - it might turn into a sort of Western Union replacement soon, and everyone can run their own "agency."
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It is not, Ripple, the company pre-mined all the supply (100 billion) and holds about 70% of it. They plan to get rid of it slowly and plans to still keeping 50% (50 billion) of it by 2021.
Even when the HAVE a use case, there is to much supply around and they can manipulate at any time...
Not saying that it won't go up, but you will be in the hands of Ripple
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XRP isnt even owned by banks. the banks are using ripple labs technology...XRP is a speculative token no one really wants thats making the founders rich as fuck
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no sorry pal xrp is not a token that no one really wants, thats almost ridiculous to say. It saves banks and payment processors 60% using XRP instead of JUST ripplenet which can save up to 30% or so.
Considering banks are in business to make money, saving is another form of making. Try reading a little more before you make statements that clearly define you've not read enough
https://ripple.com/insights/ripple-and-xrp-can-cut-banks-global-settlement-costs-up-to-60-percent/
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youre heavily misinformed...banks will not be trading XRP between each other regardless of what youre reading .... just because something is written on the internet doesnt make it true.... they are licensing their technology, not selling xrp...
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You need to read up on Nostro/Vostro accounts to understand why the banks are salivating over the use of XRP over Ripplenet with XRAPID
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Did you just say XRP isn't wanted? LOL, go do research before posting nonsense.
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I think you'll find more people invest in cryptos with aim of earning money than for idealogical reasons even if they claim to the contrary and ripple has a sound business model with good ties to clients they will do well.
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I'm kinda with you tokyoin. I got into cryptos for the ideology, but I'm eager to make money too. I bought Ripple around 25 cents, I still hold it thinking it'll keep going up a bit. We'll see. I don't like the idea of centralization, but if it's going up, I want to make some coins.
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