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Title: How do you sell ripples? Post by: crazy_rabbit on June 20, 2013, 03:03:33 PM Okay, obviously I'm missing something. I understand how to BUY ripples (Bitstamp.net makes that nice and easy), but then how do I sell them? I'm impressed the value keeps going up, but I feel like we are just being trickle fed the vast ripple 'premine'. How can you sell ripples back? Bitstamp lets you buy them (from them or their pool of ripples?) but they don't seem to let you sell them back if you're tired of them.
So, how do I actually SELL them? Title: Re: How do you sell ripples? Post by: bonsai99 on June 20, 2013, 03:19:54 PM Ripple wallet is currently offline. But when it comes back up here is a simple guide that I used https://bitcointalk.org/index.php?topic=147231.0
Title: Re: How do you sell ripples? Post by: crazy_rabbit on June 20, 2013, 05:36:24 PM So, currently I can't do anything with ripples because the wallet is offline?
Title: Re: How do you sell ripples? Post by: Sondey10mg on June 20, 2013, 05:42:21 PM You were with that ripple guy on the panel, no? ;D
Title: Re: How do you sell ripples? Post by: crazy_rabbit on June 20, 2013, 05:47:55 PM You were with that ripple guy on the panel, no? ;D Yeah, AND I sat down at the ripple booth to talk to them about ripple, and you know what? I STILL don't understand it. I can't imagine how something this obscure to figure out can hit the big time. Title: Re: How do you sell ripples? Post by: Sondey10mg on June 20, 2013, 06:06:05 PM You were with that ripple guy on the panel, no? ;D Yeah, AND I sat down at the ripple booth to talk to them about ripple, and you know what? I STILL don't understand it. I can't imagine how something this obscure to figure out can hit the big time. haha, well I stopped trying. I'm not sure if I can trust it Title: Re: How do you sell ripples? Post by: tron1082 on June 20, 2013, 06:28:54 PM You were with that ripple guy on the panel, no? ;D Yeah, AND I sat down at the ripple booth to talk to them about ripple, and you know what? I STILL don't understand it. I can't imagine how something this obscure to figure out can hit the big time. Exactly. It's the most confusing system I've ever seen. There is no way a regular person is going to keep up with IOUs, Credit/Trust, and that wacky website. Ripple is just a disaster of confusion. I too couldn't figure out how to sell my Ripples. At one point I transferred them into BTC, but from what I understand that was an IOU from someone for BTC, and I couldn't figure out where or how to cash it in. Regular people who think keyboard shortcuts are magic will never figure this out. Title: Re: How do you sell ripples? Post by: crazy_rabbit on June 20, 2013, 08:39:51 PM You were with that ripple guy on the panel, no? ;D Yeah, AND I sat down at the ripple booth to talk to them about ripple, and you know what? I STILL don't understand it. I can't imagine how something this obscure to figure out can hit the big time. Exactly. It's the most confusing system I've ever seen. There is no way a regular person is going to keep up with IOUs, Credit/Trust, and that wacky website. Ripple is just a disaster of confusion. I too couldn't figure out how to sell my Ripples. At one point I transferred them into BTC, but from what I understand that was an IOU from someone for BTC, and I couldn't figure out where or how to cash it in. Regular people who think keyboard shortcuts are magic will never figure this out. I think the more poignant question might be- is the whole point to get you to trade your BTC for BTC "IOUs"? They do have billions of Ripples. They can be selling them one-direction for a pretty long time time. Especially if they don't let you easily resell your ripples, they control the market supply and give you the impression they are getting scarce and thus value them more, encouraging more people to trade their BTC for them. Disclaimer: I'm pretty skeptical. But I am also trying to figure out how it works (and how to sell my XRP). Title: Re: How do you sell ripples? Post by: bonsai99 on June 20, 2013, 08:44:53 PM So, currently I can't do anything with ripples because the wallet is offline? The wallet is now back online, was down for an hour or two but now it is back up. Just follow this guide https://bitcointalk.org/index.php?topic=147231.0 :) Title: Re: How do you sell ripples? Post by: Chuck on June 21, 2013, 04:45:46 PM If anyone wants to sell me their ripples, I'll take them off your hands! ;)
I agree 100% that the ripple.com website/interface is perhaps one of the worst things I've seen in 25+ years of computer use. It's like a BTC exchange, except super confusing and hand wavy. If they can simply it, it has a chance for success. Title: Re: How do you sell ripples? Post by: digit on June 21, 2013, 06:17:20 PM I have a wallet but need to be funded so i can use it, waiting on another giveaway to happen :|
Title: Re: How do you sell ripples? Post by: peonminer on June 21, 2013, 06:20:41 PM So much for decentralized and transparent.
Title: Re: How do you sell ripples? Post by: mercSuey on June 21, 2013, 10:07:22 PM So much for decentralized and transparent. My sentiments exactly. Title: Re: How do you sell ripples? Post by: autodidactic on June 21, 2013, 10:22:24 PM Okay, obviously I'm missing something. I understand how to BUY ripples (Bitstamp.net makes that nice and easy), but then how do I sell them? I'm impressed the value keeps going up, but I feel like we are just being trickle fed the vast ripple 'premine'. How can you sell ripples back? Bitstamp lets you buy them (from them or their pool of ripples?) but they don't seem to let you sell them back if you're tired of them. So, how do I actually SELL them? don't use ripples. don't support ripple. Do not use ripple. We do NOT want an inflationary currency that is prone to devaluing. DECENTRALIZED. DEFLATIONARY. TO THE CORE. BITCOIN, LITECOIN, FEATHERCOIN. |