Bitcoin Forum

I don't know but in the past week ripple outperformed BTC/LTC/ all Alts by far. Whats going on? any reason for the rise? is this the time to get on the XRP train?

Ripple is a MASSIVE scam. A group of members here are 'driving' prices by trading with each other. It's not even a 'coin' it's just a scammy startup trying to profit off the Crypto Coin trend. I wouldn't touch Ripple with a 20 foot pole!

bubble :)

pop it shall.


+1

i knew this would happen. i knew that ripple was a scam but i also knew that if i jumped on really really early and got out early i could make some good profits. I just couldnt do it though because its a scam.

time will tell if its scam or not. in the meantime just put in some playcoins and wait..

Who wants to buy some XRP ? :)

didn't this same guy post this same thread about 10 minutes ago?

sure, 1000xrp for 1FTC  ;D

Ripple has a very nice idea, something like that could really take off. It just needs to be opensource and correctly done.

Ripple right now seems a gverment idea. It's not opensource and it's not annonimous...

Exactly, giving 50 billion to the developers is a joke. How many people would join an alt-coin community if they knew the developer and his friends had a huge amount saved premined for themselves? I would say not many.

Which [sadly] is a reason why it might just succeed...

and if bill gates earns 50 billions you wont buy windows from him? of course its a very huge amount but if an idea changes something in the world its worth it. why not?

I just made 5 BTC on having ripple early.. no ripple left for me.

Exactly the same thing. Thank you for clarifying that launching your own company and spending 20 years working towards becoming the leading Software company in the world is the same thing as inflating the value on a digital closed scam coin with insider trades and scamming people out of millions of dollars in a few weeks.

XRP is pre-mined and owned by centralized issuer. Trading XRP means participating in classic Ponzi scheme.

yeah like john doe gives a crap if its opensource or not  :-*
on the contrary...

+1

Just today completely sold out of my free XRP. The devs know open-sourcing Ripple is going to kill it overnight. Should be interesting to see them falling over themselves making excuses for why it's still closed in 2 months.

Hey I'm not complaining, got my 30k XRP, forgot all about it until a few days ago, sold them for 3.2BTC

Sorry but they are funded my Marc Andreessen (Uh you know who he is right?!?), I think I will take his team's due diligence over what some internet trolls say...

XRPs have done something similar in the recent past. XRP was once at 10,000 XRPs per 1 btc and then dropped to 140,000 XRPs per 1 btc. Now, it breached the resistance at 10,000 XRPs and no one knows how high it can go. It has been at about 7000-8000 XRPs per 1 btc for a surprising time, this suggest it can still go up some more. But once it starts dropping, it will drop back to 20,000 XRPs very fast. And probably won't stop there. At 7000 per btc the 100 billion XRPs have a value of 14,285,714 btcs. That is more than the current number of bitcoins. Therefore, the Ripple system now has more value than all Bitcoins together. True, many of the XRPs are in the deep pockets of the developers of Ripple (they told they will give away half of them, but what I see is they reducing the amount of the give away several times) and not in circulation, but they exist and must be taken in account. This suggest that XRPs are in a big bubble that will burst like all of them do.

I agree with the caveat being that all that opencoin needs to do is sign a few partnerships to use the network for int'l remittances. Or if they could do a deal like what bitinstant has with walmart and 711 then I think we would see the value increase again.

Given that their growth is more "managed" growth, being an actual company, it is entirely possible that XRP could break parity with BTC which I think is something like 1 btc to 1189 XRP.  Again this is assuming that they manage their business development and partnerships fruitfully.

rip will definitely grow a lot of positive news Western Union and UAE stock exchanges and so on so only up

My god. The thought that you're investing with real money is scary!

This is why I personally hate ripple and most of what it stands for.

However, people see that as a reason to make a quick profit. Can't blame them but I still think it goes against cryptocurrency ideologies in general.