Bitcoin Forum

Hi All,

I have been reading a lot on XRP.. If they manage to sell it to the Banks it should be huge..

What do you guys think?  People predict $100+ in next few years.

worth the risk or not?

if they manage to sell "it" to the banks they are going to sell Ripple to the banks not XRP. in other words the banks are not interested at all in XRP the token that the ripple labs controls, they are interested in the technology called Ripple and want to adopt that for themselves.

price of XRP may get some pumps like it always does in case of news like this because of the hype but in the end XRP is still a centralized shitcoin with a huge supply which can not go up in the long term.

Indeed that are the words I was going to put forward.

People are having big misconceptions that Ripple company is actually bound with the banks and banks will then invest in the XRP coin. Thats worst thought ever because banks has no interest in their coin. They have interest in the blockchain technology on which the XRP is running its nodes.

There is big difference between the bank working and actual use of XRP. So no, it wont matter if bank ever buys the Ripple.

I just wrote it in another topic.
But, if you only care about the price - it is hard to predict because many good recent news, but price is still falling?
Maybe the only way how to bring XRP to the moon is by massive buy by banks for international payments.

That is a common misconception that the banks are interested in the XRP. Banks are only interested in the Ripple and their blockchain technology, and they do not care for the coin. So, the point of taking risk is null.

I have seen plenty of credible news stories that financial institutions are already using XRP to enable quick and simple cross-border cash transfers. Ripple has been around for a lot longer than most people think and it is a product with a solid blockchain technology behind it. I think there is some mileage in XRP yet and it will rise again above $1 once the market begins to recover.

Simple,
If you trust a $ 100 Ripple coin in the next few years, then invest. I advise you if you invest for the long-term using a cold budget, so as not to become a burden

people already answered the other part of your question but about this part


even without thinking about how bad XRP is and how centralized it is and centralized coins have no future, you can still see how $100 for XRP is simply not possible if you look at its supply! there is just too much of it available. and the supply and demand law is pretty simple. with such huge supplies (100 billion) you can never expect a high price from an altcoin.

besides people troll a lot online, don't pay attention when someone tells you some altcoin is going to $XXXX price they are desperate bag holders :D

It's not that easy to predict whether the bank will go with the Ripple or not, but the possibility of Ripple is higher. Also, many predictions goes in support of xrp, though the possibility is lower, but still, it might go to any direction.

we all also know that ripple is one of the altcoins with considerable bank support. indeed speculation about ripple at the end of the year has begun to be discussed. and in near future the value of $ 1 is the most realistic.

Ripple has several technology on their portfolio like ripplenet, Xcurrent, interested protocol (ILP),  Xrapid and XVia. Out of this technology only XRP utilises the XRP coin and not others. If the Xrapid adoption will increase the price of XRP will automatically increase. Most of the banks are using other technology of ripple inc not Xrapid so the price will not increase as long as there will be more client of the ripple which utilises Xrapid technology.

Its probably going to create a lot of positive news and attract a lot of investors. This can cause a rise in their price. There has been some mixed review really; which makes the decision very hard.

Considering that its capitalization is now = 18 billion, then you need to multiply this amount by 200 and then the price will be $ 100 per coin. Now tell me $ 100 + real price?
There are chances for growth, but they are not as overrated as you would like.

I hate this coin. The best moment to sell was at the beginning of a year by 3 USD. This coin has nothing similar with idea of crypto currencies and is also centralised. Put your fingers away from this coin and buy more perspective alts like NEO or ETH.

If they do sell it, it'll be Ripple to the banks, not XRP. The big misconception is Ripple company bound with the banks and they will invest in XRP. That isn't possible as banks aren't interested in investing in XRP. They are interested in the blockchain technology that XRP is running their nodes on. Because of this it won't matter if the banks buy the RIpple or not. But it remains to be seen what happens.

Any most reliable asset can collapse at the most inopportune moment. It seems to me that it is better to diversify risks and keep part of the assets in another reliable cryptocurrency, for example, in Bitcoin.