Bitcoin Forum

Hello guys , why there is this big hype arround ripple (xrp) .. after reading all arround i might be wrong but im sure of certain things :

*When you read that over 100 billion XRPs the creators are holding 61% .. where is the spirit of the decentralised coins ?

*With this big number in supply .. its impossible to see Xrp crossing the bar of the 5$ - 6$ at least this year ..

But whats crazy to me , how people are denfending the coins they invested in ( their right .. ) but they really dont care about whats really matters behind all this crypto era .. if anyone had any idea to help me understand it more i will be thankful .

Regards

People just care about what is hyped at the moment they don't care about the price apparently.
Look at tron for example it went up 150x in a month and same for raiblocks, these pump and dumps don't live long.

You are right , ive seen it al ovver the market at least for the last 6 months , and it will happens more and more .. but the problem is where are the real crypto enthousiats ? suddenly everyone is talking about crypto .. everyone is into it .

XRP has a Real company behind it, Ripple Inc.

Ripple has real products that are in demand by many companies around the world.

As well as a store of wealth, XRP will be needed to accomplish many of the tasks that Ripple has developed.

XRP is thousand of times faster than BTC and hundreds of times faster than ETH. Way cheaper than both.

BTC is a Model T and XRP is a Tesla!

27 trillion dollars are "tied up" by banks around the world to perform cross border transfers. XRP will free up that cash.

XRP is one of the few alt coins that actually has a use, customers and demand.

XRP - $50 by July and $100 by 2019 ! G U A R A N T E E D !

What? Tron and RaiBlocks are solid projects, just because they pumped hard, doesn't mean they'll die.

One problem with that, it will never reach $50, nor $100. It's a centralized shit, that only bankers buy, if people cared about decentralization a bit more, they wouldn't buy it.

Yukteswar brings up all of the good points concerning Ripple.  One of the things I have heard from some crypto folks that could be negative is that it is centralized but this might also be positive for the banking industry that would like the control.

This is the best example of delusions of grandeur.

If XRP ever touches $50 in the next 5 years, i'll giveaway 1 bitcoin to everyone in this thread

This is what i'm talking about ;) .. this kind of ideas eating people brains .

I'M NOT AGAINST RIPPLE BY ANY MEANS .. im just discussing te idea behind it .

Always remember that XRP is a centralized coin by these bankers,do not be fooled by this pumps,surely they will dump this after some time,ride with caution my friends.

I would say it's because of all the hype around the price. I have friends who told me they have heard of XRP and wanted to get some because of how much it's grew and it might become the next "Bitcoin".

I also notice that our everyday people don't really care about how centralized / decentralized XRP or any coin is, just how much they can make off of it. Where people see opportunity to make profit, they will flock to it.

Using XRP would not constitute control. Control would be a cryptocurrency that only banks can trade, that way if the system was ever hacked the hacker would be unable to use it since they are not a bank. SWIFT is working on a closed blockchain solution for their 11,000 member banks.

It seems that they know that it will have a potential of 3 dollars. I have heard that its price suddenly dropped to 0.9 and people suddenly rush to buy it. Maybe it is also because of the different structure of ripple.

A lot of the hype about XRP is around the alleged "27 Trillion Dollars tied up" in Nostro Vostro accounts. If I am a bank that has $1 Billion deposited in Nostro accounts with other banks and I also hold $1 Billion on deposit with me in Vostro accounts for other banks then its affect on my ability to make money is zero. The debit and credits cancel each other out. When you deposit money in a bank they don't put it in an envelope with your name on it and put it in the vault. The bank puts it with everyone else's deposits and lends it out to qualified borrowers. Nostro Vostro accounts are treated no differently.  

If you base it off of the companies current assets, profits, sales, etc then their valuation is crazy.

But if you base it off of their potential, current partnerships and future implementation it is somewhat less crazy.

Ripple was never a decentralized currency. If it is profitable for her to trade, then at this moment this circumstance absolutely does not excite me.

There are lot of arguments about XRP recently , so you know how hot of a coin, right ?

Ripple is going down as most of the cryptocurrencies. Of course this currency has great potential but its realizationis in a future. Be patient and wait this is our strategy for now. I’d like to buy some Ripple coins because they are cheap.

I think Ripple will be a little different from most cryptos, mainly because of the banks. But I don't think it will have a long future outside China.

All rely on the cunning of bankers and further growth forgetting about the fact that it is not crypto currency at all.

Such hyipes on the one hand testify to the low level of knowledge of the cryptomarket and blockchain technology at most of owners of cryptocurrencies, than founders of any doubtful projects use. It is in turn connected with small age of the cryptomarket and blockchain technology. On the other hand it is a sign of lack of big money of large investment funds in the market and the small level of capitalization of the cryptomarket generally. At the market there is a large number of small investors nonprofessionals who are easy for manipulating, using including dirty methods of public relations

Indeed, People know how bankers in general have messed with society. How much scummy things banks did.
Why would anyone ever want to be around that in the form of ripple?

It's like walking into the lion's den.

Ripple has been and will remain a top currency. People can bash it all they want but you can't ignore everything it has going for it. It is one of the few that is actually completely following all regulations and has some serious big hitting partners now. It's not going anywhere.

Sorry but you're mistaken. If it is true that XRP is currently centralised, you can't ignore the fact that they are decentralising it since 2012, and about to hit their next phase. It's the same about Cardano, it's easier on a technical standpoint to start as a centralised crypto-currency even when your long-term goal has always been to be a decentralised one.
https://ripple.com/dev-blog/decentralization-strategy-update/

Because when it comes to altcoin like these, it's all about the hype. Evertime a random altcoin gets pumped you'll see swarm of newbie accounts in this forum screaming 'moon' and hailing the pumped altcoin. Trade and profit from it all you want, but I don't see it offering something new and useful.

That is usually true but you have to admit, there is a pretty big hype behind Ripple. But even then, I don't really get the hype since Ripple is controlled by the banks and I'm not sure I trust them.

I agree, Ripple is very centralized. With a huge amount of the coins in the owners pockets.... Crypto is all about decentralized money belonging to those who own the coins, in my opinion of course. I don't like Ripple at all  :-\