Bitcoin Forum

Should we start accumalating xrp?
It look like it Will be one world digital currency.
And why not?  Its faster then btc 4 seconds Transactions.
So their own guys the bankers buying the xrp now I guess so we should do the same.


Source: https://www.google.com/amp/s/cointelegraph.com/news/ripple-seeks-director-to-engage-with-central-banks-on-digital-currency/amp

The bankers will never try to accumulate security coins like XRP. people were accumulating XRP caused by the spark token airdrop which potentially gives a lot of money to the participants. It's clearly stated that if the bank wanna try to partnership with ripple to use ripple's payment channel. The bankers have not interested in bought ripple. Did you know about r3?
You can start to accumulate more ripple now as long as you can deal with the risk.

Buying XRP means trusting Ripple company and leaving your money in their hands while buying Bitcoin is trusting in free market and keeping your money in your own hands.

Plainly speaking buying XRP is like buying a share of Ripple, a company that doesn't do anything apart from deciding how many XRP they'll release on the market and stuff like that.
 
The choice is yours, as always, but I know what I'll do ;)

Please do some more research before posting such articles as this might mislead so many people if they go by this article blindly, the recent pump was due to spark airdrop wherein users were accumulating Ripple, and just for your information Ripple can increase or decrease demand and supply anytime because they don't have fixed supply of tokens and moreover Ripple would never be accepted by true crypto-enthusiast since it's not fully decentralized and at the end, people will lose their money when the company decided to sell off the huge chuck of tokens or to dump more tokens into market.

indeed, thats why i don't believe with the OP and xrp will never take over bitcoin for sure my friend
and i think the OP just want to try to create another hype on xrp

Heck no and never!
- Unlimited supply
- The creator domination the chain by themself & freely creating the token.
This post just because XRP gain more than 100%, we already have a typical post like this when some coin gain then some post like this showed up.

One world currency? if there will be that kind of currency it won't be XRP. The government will choose to have their own very own currency than to rely on XRP.
Although it's a centralized coin and it's also favorable to the government. But, they wouldn't allow it to be controlled by the company. Instead, they'll choose to have their own created currency than it.

Ok If their own currency then what it could be?
So I can buy Early ico... Lol

I'm not sure if you are aware of XRP having a scheduled fork in December 12.

So that's why investors and traders and noobs are accumulating as much as they can before this date to have free coins, How to get the XRP airdrop? Free Flare Network (SPARK) tokens  (https://cryptotips.eu/en/blog/how-to-get-the-xrp-airdrop-free-flare-network-spark-tokens/).


So it is not taking over, it is in anticipation of the fork,


So the more XRP you have in exchanges that will support the coin the more money you have. So do the math.

This is a big NO for me because XRP is indeed a centralized coin and we can’t dictate its real supply, I just see this one as a great project but it will not replace bitcoin on top despite of having many projects with the banks. Well, XRP was able to land on top 2 before replacing ETH, but It didn’t take over the whole market.

As someone explained already, the rise or spike of the price is due to the upcoming scheduled fork.

So if the OP is thinking what the heck is happening to XRP that it might take over, then he is very wrong in the beginning.

XRP being a centralised and bankers coin is a big turn off to the majority here. And I would say that the consensus is that it won't get a nod and support from this community.

So a big NO, XRP won't take-over, if your argument is Bitcoin then, we might have some good discussions about it.

I don't think xrp will take over anything because of their token nature

XRP are quite centralized as Ripple labs own ripple
Although they are fast but they doesn't stand out and not special

Its sort like
There's tons of blockchain that can do very high number of tps and cheap fee
But they are not getting the adoption because the token serves very basic purpose which can be replaced easily

I dont think so!

We hear a lot of this marketing hype about how XRP is being adopted by banks. When you look at what's really happening this does not appear to be the case. XRP is a centralized, premined token. It is not a competitor to Bitcoin in any way. it is just something for the Ripple company to pump and make themselves rich.

Considering that There will be a Fork in XRP this December 12 and the price now is corrected,maybe ths is indeed that we mist accumulate Ripple with the amount we can afford to lose.
Because even how good we look at the value yet Volatility always changing the curse.
i will sell one of my Altcoin and will transfer to Ripple because it has been sleeping in my wallet for long but no progress.

The real holders of ripple (XRP) always winner. Like to other coins, But the bankers I guess they didn't wanted to trust that ripple I think they accumulate for a bigger transaction because its not too expensive. Just saying what I think. If I am a banker I will hold BTC and ETH also elrond, that kind of crypto obviously store of value.

No! it won't, although you can see the price is rising up to the point it almost tripled its past price, the top cryptocurrency in the market will always be bitcoin and I don't think it will change soon. Not with XRP even though I like the fact about the fast and lowest fees when it comes to its transactions. Bitcoin is decentralized and it will not change because investors will look forward to those advantages especially those who have lots of crypto assets on their hands.

I think XRP is not over although last day have down but all coin not only XRP going down and Bitcoin touch lower price more than minus 10%, but just check today XRP raise again to higher price and become good choose if you wanna try with not miss opportunity after loss chance with last XRP raise up, I think few week later XRP have snapshot program where holder ripple will earn new coin and have any exchange market support for snapshot like upbit and binance, just hold your xrp on the faster exchange credit your hardfork coin because I found with my locak exchange market always delay distributing for hardfork coin like BCH before.

What the OP mentioned i think is like a hype about XRP in this market. After the recent news with Ripple, XRP has increased by more than 100% in a short time, which has made the entire crypto market pay attention to it. I am also a Ripple fan so bought it for a long time, accumulating current on altcoin is an option you can decide, this discount is over and we will be difficult to see this price in the future if the market is still following an uptrend.

XRP price rose more than 100℅ recently and it's due to the hype of the Flare airdrop this upcoming December 12. BTC also went up and market correction took place which is normal. For those who are planning to claim the airdrop it is now time to buy and accumulate XRP before the snapshot. The price will rise again as the snapshot closes by.

The article said they are seeking for senior director for central bank engagements. This doesn't mean xrp will take over. And banks are not buying xrp, too.
 
 You're asking if is it good to accumulate more xrp now? Of course, the correction of price occured and this bear price of most of the altcoins such as xrp is a great opportunity for us hodlers and investors to buy more and hold more.

I have read that article and your opinion is perfectly plausible here and I also see that they are looking for senior directors for central bank transactions.A correction has taken place and now we are seeing the market start to recover. Not only XRP but all altcoins in the market have been like that, i have been holding XRP for a while and i think if the current trend continues, so holding XRP is really an investment which i consider it safe in this market.

I'll admit it is really one of the fastest when it comes to receiving and sending transactions.
But, you may have been blinded by the hype.
Its price hike doesn't mean it will become the world currency. That is just way too exaggerated.
Hell, even the number 1 (bitcoin) is not yet there.

It's a good coin but it ends there.
I am more curious if the ones who are dumping bitcoin are exchanging it for XRP so that they could go back faster to pump bitcoin once again.

We have been hearing all these reasons for a very long time now, on how Bitcoin is slow and XRP is faster and so on, but let me ask, what is still holding XRP from becoming the best coin or rather the top coin? The answer is simple, people don't joke with trust and that trust can not be found in XRP, but only in Bitcoin, so the earlier these unnecessary comparisons stop the better.
XRP is good in its own way, it grows even more than most coins, but yet it doesn't have what it takes to beat Bitcoin. I think the reason why bankers are buying XRP, is because they want to have a share in controlling it, since XRP is centralized, it gives them that opportunity to do so.
Nevertheless, the crypto space is opened to everyone and hence everyone can make their personal investment decisions, so you can go ahead and accumulate whichever coin you want and believe in, as for me, it is Bitcoin.

I have held on to XRP for years. It's been one of the most boring investments of mine, but finally it's starting to take of.
I hope the payments initiatives will get a grip in the market, if that happends we're in for a ride.

Atm I have rougly 9% of my capital invested in XRP

https://altpocket.io/profile/Octular/holdings (https://altpocket.io/profile/Octular/holdings)

I'm sorry can I guess something that you have already invested in Ripple coin. And making this post to invest in others. We all know that Ripple is a good digital currency but can't Bitcoin. More faster coins already exist where Ripple is so far from it. All top altcoins could give us the same profits just take profits from your favorite one.

XRP is a strong competitor in crypto market and once again it has proved the capability of this coin, as far as I know it will reach $2 by the end of this December this is purely based on current market trend. Some magical pump was really impressive and that's what users expect from powerful coin in the market. I believe it will boom again in upcoming days as well.

Libra? joke. But that's in the hot news recently.
Facebook’s Libra currency to launch next year in limited format (https://www.ft.com/content/cfe4ca11-139a-4d4e-8a65-b3be3a0166be)
Facebook cryptocurrency Libra to launch as early as January but scaled back: FT (https://www.reuters.com/article/us-facebook-cryptocurrency/facebook-cryptocurrency-libra-to-launch-as-early-as-january-but-scaled-back-ft-idUSKBN2870UY)

When it comes to faster transactions I don't think it will guarantee a takeover to become the world's digital currency, because there may be many other considerations such as fees etc. Indeed, the progress of XRP is very good but whether that way other cryptos will be ignored, because I don't think so and even in some sites or entertainment platforms that provide crypto payments I personally find other coins used more often and not always about XRP there.

XRP reacts to the bitcoin market?

But it is not that, what happens is that it has a good market and acceptance by the crypto community. He has good partners ...

It is not for nothing the TOP 5 cryptocurrency: https://coinmarketcap.com/currencies/xrp/

Invest in it, you will get good interest ...

XRP is the most complete blockchain coin, it is highly regarded by major banks in the world like Bank of America (second-largest bank in the United States) and participates in RippleNet. That shows that Ripple really has enough capacity to help the major banks in the world develop better in terms of technology and can contact many customers around the world.
This correction gives us a better chance of holding XRP and we will see it back to ATH again next year. Trust me ;)

If you look at this right now, bankers don't seem to have much respect for XRP. they prefer to allocate to other tokens and it is already profitable for them. xrp also seems unable to be used as a reference this year

Yes XRP is faster than bitcoin and many major altcoins in the market right now and also XRP was built to be a payment gateway that functions like digital Fiat, XRP makes lotta sense and worth your every penny but the present pump isn't only because of XRP capability or utility, Spark Token airdrop is a big + why pumps is happening

I dont think so,if i select one,  I don't hesitate to choose BTC, if I were to make a list, XRP is going to be one of the count backwards.
Anyway, i must admit XRP is a good coin to invest, but take over, no way.

Accumulating XRP for what reason? The coin had not moved at all for years so as trading option there are better coins in the market including bitcoin and ethereum that present way more movement than XRP.

And if you mean this as an investment option to hold for the long term the answer is no as well, XRP is never going to replace bitcoin, it is not decentralized at all and it is owned by bank, why would anyone want a coin like that? There is a reason institutional investors are only interested in bitcoin and not in a single altcoin and that is that bitcoin will be a good store of value while XRP will never be remotely close to that.