Bitcoin Forum

Hi people...  :)

Just read a little bit about ripple currency and its working mechanism seems to be a little different than bitcoin. Seems like an interesting concept. However, the company will hold 50% of its 100 billion ripplies.

Does it mean that the currency will if not appreciate as much as bitcoin, there are still chances that it might appreciate in the coming months and years?

If so, is it worthwhile to invest in it for longer term?


PS. I hope we can store ripples in paper wallets as well?

Decentralized is the thing everybody like in crypto... but it's still a good coin to invest.. here they have update smart contract on they blockchain

I don't get it why they consider ripple as a crypto project. Might as well invest in applepay or paypal. And yes, they hold majority of the currency and they can do what ever they want with it. And that's very unappealing to me.

it is not really a "currency"!

there are lots of interesting "mechanisms" out there but simply being different doesn't make the better investments.

there is no way in a million years that ripple appreciates as much as bitcoin! it is a very simple concept called supply and demand it is a 21 million bitcoins versus 100,000 million (100 billion) ripple supply.
at the same time it is a growing demand for bitcoin versus 0 demand for ripple

not at all.
even if we ignore the huge supply, this coin is currently in a huge bubble and it has been falling slowly down back to 900 satoshi range.

 ;D ripple is the like paypal... not mean this is an crypto coin. they use blockchain for they send money services. that all. and it's for bank. not for the rest of us... we want anomynous, low fee, world wide .. bitcoin or bitcoin cash is enough

Ist Ripple project sponsored or backed by major banks?

Ripple is nothing. No benefit of investing in ripple. The price is slowly and up and down. It is better to invest in BTC , eth or waves. Those three coins have good margin price because as traders pump and dump coin with high margin will make a lot of profit. Holding ripple for long time will earn little profit because jumping on the price just lite.

lol by currency I meant crypto-currency ...

what about the banks backing it up? does it mean nothing?

it is worth to invest in XRP but not Ripple, they are of different path, Ripple is used for banks and XRP for trading and investing but the drawback here is you have to wait 1 to 3 years of holding your investment to have really big significant gain, it is not recommended for short term investment. if you have extra money that your can save and forget then Ripple is good but for revolving funds this not so attractive.

do u hear about one coin.. ripple is the same. I dont believe in anything not decentralized. Maybe company is good but what if hacker attack or an earthquake destroy us

Ripple is centralized coin so I know some people will not let me to get money with ripple as it is centralized and I think it may not be profitable in the long term. Is ripple coins are required to increase in value as time goes on?

With every transaction a small amout of Ripple is destroyed so its value should increase over time. However I feel it's overpriced at the moment.

ripple is one of those coins that went crazy about the supply and now in the long term it is paying the price so to speak. it is exactly the same situation like Dogecoin for example. they go crazy on the supply without thinking properly and then end up with an altcoin that keeps going lower and lower in long term.

I think it's ok,
what forced you to hesitation?

How much I would like to see banks fail xD, banks will still be here for a while therefore I don't think you can go really bad on XRP right now.
Just buy it around it $0.15 - $0.17 (current price while writing: $0.27). I got mine very cheap and could have made a profit, still decided to hodl on them since I believe it will go up again. Although its wise to spread you're total investment in serveral coins.

I got
- Xrp
- Stratis
- BTC
- Siacoin (for the heck of it) 8)

I think very few altcoins that deserve attention for long-term investments. Most people use ripple for speculation. Someone earns, and someone loses. If you are interested in investing for the long term then this Ethereum or bitcoin.

XRP is worth investing for a long term, but if you want your money circulate for a week or a month better to with bitcoin, waves or ETH it will give you more income long term or short term... and as of now XRP are very slow to goes up... as other says you will around 1 to 3 years before having good profit on it. check out other coin if you would like to invest: NEM MONERO WAVES ETH NEO

Yes, i think ripple is a very good coin. Both for short-term and long-term investments, last night Ripple Price Continues Ascent as Volume Crosses $ 2 Billion. It is a remarkable achievement for ripple.

Ripple is worth investing in lot of money. But its centralized, that means everything can happen to your money. It may even lose value by increasing supply. I think it as the last coin to invest ever here.

I have around 500 ripple. Got a decent amount on giveaways back in 2013-14 and exchanged for btc back in the day.

Not sure whether I would invest money on it now but I'm keeping the 500xrp long term just in case price rises.

I think this coin is worth to invest in for long term and its sudden rise just recently was because of the good news it brought on the table. Some investors are actually interested to invest in this coin. I had a couple of Ripple coins a few months back but dispose them because I thought there was not enough development of this coin but I was wrong.

*High fives*

Also got a few xrp from giveaways, will hold them for now and will just wait for the price to appreciate. After all I got them for free   :D

Are any of the giveaways still available?
i think ripple may not be the best investment value, but its a coin that I have bought.

Ripple is a promising coin. They make great aggrements with banks all around the world. They are trying to beat Western Union.
They are more focused on money transfers. And this is a good thing. I believe Ripple will rise more and more.

Ripple (XRP) is an excellent coin. But unless you know a great deal about the inner workings of international finance you'll need to do a lot of research to understand what it is, and the problem they're trying to solve. And you'll need to do a lot of research to see through all the FUD, too :)

It's nothing like bitcoin, and it's not really a coin for short-term speculation either. Basically if Ripple succeed in what they're trying to do, the price will shoot up massively. If you learn all about it and are prepared to hold for a long time (possibly years), then this will be a great investment.

which exchange best to get xrp?

Market cap is very high and risk reward is bad but could be a good short term trade.

imo yes, but only if you will hold long-term

If you have to ask somebody the answer is NO. Only invest with your due diligence, research and gut instinct, few here will tell you the truth.

I totally agree that you need to research, and shouldn't invest on the basis of what people say on here. This is always the best advice.
Any coin you want to invest in, you need to research it first. And XRP takes way more research than most.

I recommend it as a solid long-term hold, but don't buy on the basis of that... always always research it yourself, and make sure you fully understand what you're buying.

Hope this helps. http://thecryptotrading.com/buy-ripple-xrp-2-quick-steps-beginners/

Many people who predict for ripple will be good for long term investment.

But it gets very exciting after you say it,
you better eggs for the development of development before you go wrong, this is advice. But if you believe in it, invest immediately. Good luck