Bitcoin Forum

Ripple price is just 0.25 but bitcoin is already expensive,, and since many experts are saying Ripple will be larger than anything ever seen, so do you think it's a good idea to get our hands on this Ripple? Experts suggestion needed. thanks

Ripple is on a losing streak recently, you can look at the charts and see it for yourself. It spiked and now it is sitting at about half of its peak, compared to Bitcoin which is just a few hundred dollars under what it had peaked at, which is entirely respectable for a crypto of its size and value. Plus I haven't heard of anyone calling Ripple something that will be bigger than we've been before. Since it exists around helping the banking system, and is doing a poor job at that so far, I'd ignore the token for right now. But don't listen to me.

HAHAHAHAHAHAHAHAH.

Ripple is 25 cents because there are already BILLIONS (only 21Million bitcoins will be in existance EVER).

Ripple also has a hard cap of... Wait there is no hard cap. Ripple is fiat 2.0. Why not just use fiat?! At least it's stable!

Look how many banks around the world back up ripple. Why the hell are you even looking into cryptocurrency if you just want a coin made by a bank?? What's the point? Would you also like a bitcoin bank? What a useless concept.

so you guys mean investing in ripple is a bad idea because it's price is lower now?

No.

Ripple is centralized. There are plenty of centralized solutions in the market. Also lots of Ripples are on hold because of contracts, so there will be dump in the future.

Ripple is so low in value due to the supply. There are currently: 38,291,387,790 XRP in circulation. Almost 39bn. So I'd say 0.25c is a decent value for something that is so common.

Bitcoin has a high value and will continue to hold that value, because it's naturally scarce and has a finite amount.

If XRP would goto $1 it will likely overtake BTC in current market cap....not going to happen.

that means we need to stay away from ripple then? Do you know any other currency which has lower price but huge uptrend potential.. like bitcoin.?

You haven't read the replies. Ripple is like digital fiat that can be manipulated and inflated at will. Some banks are already adapting to use blockchain verification with fiat transfers. How is Ripple going to compete with that? The average user will either choose the most valuable crypto (Bitcoin) or a more anonymous one (Ethereum) or Fiat with Blockchain transfers. Ripple has no target audience.

Check here: https://coinmarketcap.com/

It lists the top 100 crypto, their supply, price and marketcap.

Do your own research, the people here who will tell you to "buy X coin" are just in a losing position, trying to get others to buy/pump their coin, be careful.

Saying the truth Ripple hasn't show any light that will be a good coin for the future, for many weeks or months it's price is declining.

I really hoped that Ripple is a good coin and with a good potential in the future but I've got disappointed but I want to happen the opposite but maybe after a year or two.

About bitcoin I'm more optimistic rather than ripple, but let's see what will happen after 1st August and after this September. 

You need to do your own reasearch and make your own decision. If you start read, you will understand that 90% of clowns that wrote above, just want you to be in other camp.

Read, research and choose your own camp, never trust clowns.

The price got 7500% raise, compared to Bitcoin that only has political problems, and was crashing from 1300 to 200 and controlled by miners and etc. Damn, I would better trust LTC (if not be biased on XRP), though it has Miners monopoly there

LOL Ethereum anonymous!!!!!!!!! LOL you fucking idiot.

None of it can do transactions in seconds, like XRP
None of it has fraction of cent fee like XRP

Ripple the only coin here that solves real world problem and has use-cases. Bitcoin does not solve any of problem, even Ethereum solves more problems.

The price of an individual coin isn't relevant. You need to look at total coin supply as well. That is, you need to look at marketcap.


Don't agree, sorry! Ripple has a huge target audience, and XRP is not simply digital fiat. Ripple's RCL makes international bank transfers very quick and very cheap. XRP is the native token to the ledger. Banks don't absolutely need to use XRP to use the RCL, but XRP has no counterparty risk, and is the cheapest way to do it... I'm not an expert, but it seems likely to me that banks will use XRP. Ripple just needs to build liquidity in the relevant transaction corridors. This is potentially a huge market, and the current system is riddled with inefficiencies and is begging for improvement. For many currencies, you can't just go a->b, you have to go via c and d first. Ripple and XRP can make this near-instantaneous and extremely cheap. This solves a genuine and pressing real-world problem, and at present Ripple has no credible competitors.

Oh ye, we prefer miners bank! Ripple has cap, you just need to open eyes. And this is even not about banks, at least in Ripple I do not need to pay to miners, worried what psychological issue they need to overcome tomorrow, all this politics and wait days on transaction conformation, and fuck, this shit can not be called store of value, when in a hour it can loose 900USD in value.

Yes, exactly!
Nice to see you here vsyc! I could do with some help defending XRP. Many people seem to misunderstand.

There are just moron traders, they have on appreciation to value at all. Anyone who wants to draw a line, here:

https://ripple.com/xrp/
https://ripple.com/insights/nine-things-need-know-xrp/

I went into Cryptos to have part of my portfolio away from banks. I'll never ever invest in a crypto partly controlled by those same banksters.
Just doesn't make sense to me.

It really depends on what you are looking for, Ripple will be around for a long time but growth wise has it got much room for huge growth? bitcoin however has a lot of room to grow and for reasons already stated by others ripple has a lot of negatives going for it.

If it succeeds (and I think it will), it will be huge, and take over a major part of the international banking sector. In which case XRP price will be vastly higher than what it is now.
The alternative is that Ripple don't succeed in what they're trying to do, and XRP will just die.

I think it's one of the all-or-nothing coins. Succeed or fail, with little in between.

As with everything else, people really have to do their own research and make up their own minds. A lot of people in this thread have been negative towards XRP; I'm putting the opposing argument. I think XRP will succeed, and the price in a few years' time will be astronomically higher than at present.

THANK YOU - haven't laughed this hard in awhile 👍

There was no single real reason stated here for Bitcoin to grow, whereas a lot for XRP to grow and even do flippering!

One difference between XRP and other cryptos is that a lot of the progress with XRP happens behind the scenes. Ripple are working with banks, and I'm sure they're subject to a lot of NDAs. This means that when banks start to use XRP, there will be little or no advance notice to the crypto community. Which means that when the big price rise happens, it won't be a gradual thing, it will be almost instantaneous.

So to anyone who believes in XRP as a long-term prospect: don't wait for the price to start rising; get in now, while you still can!

It may be long term as you mention because what is the price keeps falling after that great increase that had in the last months,until now BTC it looks much stronger of what Ripple does,in addition another point in favor of BTC is the supply unlike of XRP which is huge and can do that  value drop much faster at a given time,however as they well say maybe it's better to wait a little longer if someone decides to enter in that market.

Both of them do have potential to grow up but Bitcoin is already grown so high that might continue to grow up slowly so that if you are trying to earn big profits, you'd better try to invest in Ripple.

Wasn't this coin premined? Didn't the devs take like 20% of the coins? Usually when a coin has a large premine it's a big nono for me.
Somebody could say that BTC is shit because Satoshi is holding a lot, but I prefer an anonymous founder that may never resurface from a group of people holding 1/5 in their pockets. You're free to make your own decisions, but I don't care about XRP and wouldn't put my money in it.

I used to dismiss XRP. But once I started researching it, and started to understand what Ripple are doing, and how they are going about it, I began to understand, and to become impressed. The market they're aiming for is phenomenally large, and they're going about things in a very professional manner. It's a real-world problem, a fundamental and glaring inefficiency in a huge market, and I think XRP is the answer. Banks will go for the cheapest and most efficient choice. I can't see that Ripple have any real competitors at the moment.

Don't take my word for it, though - I'm just an XRP holder posting on a forum, and so obviously I want the price to increase. But if anyone is even vaguely interested, then do your own research, and make up your own mind. Just don't let this one slip by without even considering it. Do your research. You'll see that XRP is unlike anything else in crypto.

I am not interested ripple because of recent thread I gone through Bct . It was saying ripple is not decentralised database as well it's maintained by centralised db and market cap and mining ability.

Research beyond this site of morons.

Ripple is the most solid real use coin in existence, btc maximalists and methheads hate it with a passion. They don't live in the real world. They complain about banks but how many of them don't have a bank account of any kind? Politically/stupidity driven decision making at its finest, when really they should step back and be viewing the market objectively.

Ripple tech is live in Asia, Ripple will rise as a matter of fact, market conditions are looking like a big fat shining neon sign saying "last chance to be invest!!!"

I think the choice of money to invest at this moment is no longer important. Look at the market, it is changing the same trend with bitcoin. I think our current choice is virtual currency and cash, which is where we should choose to go through the storm.

Yes, exactly! All it takes is a bit of research, and this becomes obvious.
Look at what the Ripple solution offers to international banking, look at the market they're going for, look around and see that there are no viable alternatives to XRP.

I don't understand how people can dismiss XRP so easily.

Just to address some of the anti-XRP points I see being raised here, I'll provide some explanation, as Ripple is one of the few coins I've researched enough to talk about above a surface level.

First you must understand two things.

1. XRP is targeted at banks. Not you. Banks, the massive financial institutions that will continue to handle the majority of the worlds financial assets for AT LEAST ten more years. They are not stupid. They see blockchain tech and it's potential. They also have no intentions of being left behind. Ripple Labs are the leading group working with them to innovate a blockchain solution to problems they face in sending international wires, and storing multiple cash positions across their banks in different fiat (and in the future, crypto) currencies.
 
2. Ripple Labs has a massive interest in having XRP increase in value. As many have pointed out, it is totally pre-mined, and 20% is reserved for Ripple Labs to hold. They need that XRP to be valuable. It makes no sense for them to not push for banks to use XRP for transactions. Additionally, 60% of total supply is being put in a smart contract that will keep it out of circulation for at least 4 years, starting in December. Having the coin pre-mined is so that Ripple Labs can work to keep the coin increasing in value at a stable rate once it gains widespread adoption, after those four years. Banks want something stable, which Ripple will be upon widespread adoption. But again, it's in the interest of everyone holding XRP, including Ripple Labs, for them to release those additional coins in a way that helps bring Ripples overall market cap up.

Now, many of you are saying banks will just adopt a more expensive coin, like BTC, to achieve the same thing. This won't happen. XRP is designed to be the most efficient coin for what banks will need to use it for. BTC can handle <10 transactions per second. Ethereum can handle <50. Ripple can handle up to 1000 a second. In addition, each of those transactions settles in less than 4 seconds guaranteed. So there is little chance any substantial backlog of transactions could build up for XRP, unlike BTC. This means Fiat converted XRP can be moved in massive quantities across the globe, instantaneously, at a very low cost. See how this is something banks need? It will drastically reduce their costs associated with moving money between each other, and across borders.

While XRP may not be THE cryptocurrency of the future, it has by far one of the strongest use cases for the next 10 years. Its price right now reflects early adopter interest + some speculation bubble. It's price in 5 years will reflect massive institutions buying XRP en masse to use it to settle cross bank/cross border transactions instantly. So long as XRP remains the preeminent crypto solution for banking, it's price will go up. And, I expect they will maintain their dominant position, given how everyone here (and in crypto in general) seems to think working with banks is a way to guarantee failure. In the very long term? Maybe. But in the coming decade they will be rewarded for helping these giants become more efficient. That reward will be XRP skyrocketing in value relative to it's price today.

Guys.
You can try as hard as you can/want. And maybe you are right, who knows...?

But you will never ever make me change my Bitcoin for Ripple.

Instead of changing out BTC for XRP, you could just put some small amount of fiat into XRP, in case we are right. Ethereum too had its nay sayers when it was trading below $10. BTC has had it's naysayers for it's whole existence. Yet anyone who would've put an amount of money in the two would have seen it multiply many time by now. No real harm in doing the same with XRP, even if you keep all the BTC you have. Worst case scenario it goes to zero and you lose *instert small amount here* and you wont care since BTC will appreciate by then anyways.

Bitcoin and Ripple aren't competitors; they aren't trying to achieve the same thing. Bitcoin is far more general-purpose, whilst Ripple has a very specific use-case. The future has room for both of them, and for other cryptos too. Smart contracts, for example, will surely be huge - so that's Eth or something similar, and again no real overlap with Bitcoin or Ripple.

It's not a winner-takes-all race. I hold Bitcoins, and Ethereum as well, and I'm keeping hold of them long-term - I believe very strongly in both of them (and several other coins), but I believe in XRP too. I've read so many posts on so many threads, and I've yet to see a convincing argument as to why XRP won't succeed.