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Title: XRP must be considered a stable coin Post by: DashingAgent on November 29, 2020, 04:46:45 AM XRP must be considered a stable coin
XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. Title: Re: XRP must be considered a stable coin Post by: boyptc on November 29, 2020, 04:51:13 AM Cannot change the reality that it is not a stablecoin.
And if there are investors putting their money on it, that is no longer our business. Just like them, it is not their business wherever we put our money. Title: Re: XRP must be considered a stable coin Post by: WalkerIVIV on November 29, 2020, 06:11:59 AM XRP must be considered a stable coin I do agree with it. So many people were blindly buying XRP due to the spark token airdrop. I have asked some of my friends about whey they were buying XRP but they said that they wanna try to bet on the spark token. XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. XRP didn't have utility usage. When xrp can be classified as a security coin and it didn't even give passive income or benefit to the holders. This coin like a coin that has no usefulness. Those smartcontract platforms are much better than this coin. XRP is overvalued at this moment. Title: Re: XRP must be considered a stable coin Post by: noorman0 on November 29, 2020, 07:01:22 AM You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin.
Title: Re: XRP must be considered a stable coin Post by: cryptoaddictchie on November 29, 2020, 07:41:50 AM I do agree with it. So many people were blindly buying XRP due to the spark token airdrop. I have asked some of my friends about whey they were buying XRP but they said that they wanna try to bet on the spark token. This is the only reason why it pumped so hard. I dont think they evolve much when it comes to output, once the airdrop of spark tokens is done, I'm sure this will drop the price veyy hard. I dont know but that's the thing about Snapshot airdrop or fork, the coin usually pumped and eventually drop after getting the free tokens.I don't know OP why you think xrp is suited as stablecoin? I'm using it sometime due to its really low fee and fast transaction but never get the idea xrp would be stablecoin somehow. Title: Re: XRP must be considered a stable coin Post by: tranthidung on November 29, 2020, 08:01:34 AM XRP must be considered a stable coin What is stable coin? You must read the term of stable coin before you make your proposal.Even some long lasting stable coin like Tether USD (USDT) is not truly stable as most of crypto investors thoughts. It changes with bitcoin rises or falls and the margin of USDT changes are not small enough to consider it as a perfect stablecoin. Of course, its votality is less than bitcoin or other altcoins so that you can call it as a stablecoin but beware of its votality. XRP is an altcoin and much more volatile than USDT. It is not a stablecoin, never. You can not call a coin that has exponential rise in few days (past 2 weeks) as a stablecoin. Quote XRP must be considered a stable coin to better understand this project. Disagree with you. People will be cautious of XRP if they know that it is a centralized altcoin.Quote There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. At the end, your topic is to promote or free advertise other altcoins by taking the name of Ripple in OP.Title: Re: XRP must be considered a stable coin Post by: Akiko on November 29, 2020, 09:27:54 AM XRP must be considered a stable coin XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. If they make it stable coin do you really think there are investors will invest in this project? It will only use as a currency to convert to BTC like what USDT have. Being volatile is the reason why many people buying this currency even it's a centralized coins, it's because they know they can get profit with it someday or when the price increase or decrease. Title: Re: XRP must be considered a stable coin Post by: asus09 on November 29, 2020, 10:13:18 AM Better you buy and hold XRP right now because have snapshot to earn new coin spark token, almost 28 exchanges have support for this snapshot with good ration, hold xrp you will earn spark token with ratio 1:1 and many investor will buy and hold XRP begin from now until snapshot on 12 December, before price going up you have get moment right now during Ripple still lower price and have bigger chance for holding as snapshot to get new coin or sell later until one or two days before snapshot and you will get much profit, this happen because almost exchange support with snapshot to earn new coin and make many investor available to hold xrp in any exchange.
Title: Re: XRP must be considered a stable coin Post by: CapGelatik on November 29, 2020, 10:20:39 AM Don't be like that, it will endanger the ripple community too, if XRP is a stable coin,
then everything will lose, so it's better that Ripple is not coin stable, ripple is ripple. Title: Re: XRP must be considered a stable coin Post by: mk4 on November 29, 2020, 10:45:58 AM Saying that XRP must be considered a stable coin is like saying that mayonnaise should be considered a musical instrument.
https://www.youtube.com/watch?v=cYdpnsKXoG0 Title: Re: XRP must be considered a stable coin Post by: marcous on November 29, 2020, 10:46:36 AM However, XRP is still showing its performance by collaborating with real projects. So that it is still possible to make the price go up, while before dumped many have attracted their investment in XRP. After dump, XRP held a news that make price increased. if you are a daily trader who plays scalping maybe it would be better to enter another coin
Title: Re: XRP must be considered a stable coin Post by: Xxmodded on November 29, 2020, 12:48:29 PM However, XRP is still showing its performance by collaborating with real projects. So that it is still possible to make the price go up, while before dumped many have attracted their investment in XRP. After dump, XRP held a news that make price increased. if you are a daily trader who plays scalping maybe it would be better to enter another coin Benefit from XRP because have collaborating with real project partner and the last update Ripple have success get new partner with bigger bank in England is Standard Chartered Bank, I think is most wonderful how RIPPLE become most serious with getting best partner company adoption in Ripple, maybe why Ripple suddenly up more than thousand percent last weeks because I have check on Ripple website have put Standard Chartered Bank as their partner and have any other real project partner for Ripple.Title: Re: XRP must be considered a stable coin Post by: Paycoinzzz on November 29, 2020, 01:20:12 PM XRP must be considered a stable coin I am not biased for any altcoins in the crypto market, each with each strategy and way of making money so cannot force them to buy according to their plan. Depending on each person's vision and goals, they will choose to buy their own altcoins.XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. For example, I will wait for news of main event in the coming months to buy altcoins and wait for it to dump strongly. Here are many hot events coming up with altcoins, everyone can check out. Source : CryptoDiffer https://i.imgur.com/vfwi3yA.png Title: Re: XRP must be considered a stable coin Post by: Bitcoin_Arena on November 29, 2020, 10:35:44 PM A stable coin whose price just fluctuates at will? :o
I am not sure If you know the meaning or purpose of a stablecoin but in case you don't then you should be aware that a stablecoin usually has a price pegged on the price of some other fiat currency or asset and this is possible is the coin is 100% backed by an equivalent value of fiat or asset. At this point I don't think XRP has any of the characteristics and even if it had, what price exactly will XRP be pegged to? Title: Re: XRP must be considered a stable coin Post by: X-ray on November 29, 2020, 10:51:50 PM XRP was not a scable coin and it doesn't backed by the fiat currency to remove the volatility of coin. I think that you wanna consider it as a stable coin consider XRP lacks of volatility. I don't agree at all with it.
XRP is still volatile even if that was not so volatile as another major coin. It looks like you are not feeling good with XRP caused by the movement of XRP is not so impressive since the last pump. Title: Re: XRP must be considered a stable coin Post by: samcrypto on November 29, 2020, 10:59:50 PM XRP as a stable coin is a big joke, have you seen the price movement of XRP in the past months? its quiet too much for a stable coin. Anyway, XRP is still doing great so what’s the need for claiming XRP as a stable coin, the team is too focus on dealing with the banks and that’s a great news for the investors, but still XRP is not a stable coin.
Title: Re: XRP must be considered a stable coin Post by: TinaK on November 30, 2020, 05:58:27 AM XRP must be considered a stable coin How you think it will be a stablecoin, It is a banking support coin so it is really good platform to invest in this year. May be market stability is change your mindset or you think different set of assumption in this coin. In reality it is a huge volume marketcap so sudden change is impossible in short term, may be big whales are enter in the market it will pump and dump. I think you suggest tezos, neo and eth investment, but no one listen your thoughts because of your view in XRP.XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. Title: Re: XRP must be considered a stable coin Post by: btc_angela on November 30, 2020, 07:01:13 AM Nah, I doubt that the people behind the project will allow their beloved XRP to be pegged or be a stable coin. It's already centralised and they are making a lot of profits so why change it?
Besides, we already have a bunch of stable coins in the market, no need to add another. And XRP has it's own goal now, to be used as remittance, again billions of profit for them. Title: Re: XRP must be considered a stable coin Post by: eXtremal on November 30, 2020, 09:28:30 AM as I know XRP is not a stable coin, you bet there because you only see an upward trend in the xrp coin, of course it must have a reason, namely, many people bet because of the harfork, and just be sure when the holder and feel the snapshot is over, partly big people will also throw it, xrp is only temporarily on the verge of increasing, I prefer to invest in ETH
Title: Re: XRP must be considered a stable coin Post by: Reid on November 30, 2020, 10:49:17 AM Is it really that confusing?
As an investor of XRP I don't think so. I mean, I don't buy much of it just some amount that can make little profits when it swings. Plus, when you invest with one project you don't just bust in without proper knowledge about it. I think it should stay the way it is and it's not even backed by any fiat currency. So it's okay. Just have to live with that fact. Title: Re: XRP must be considered a stable coin Post by: montaga on November 30, 2020, 11:11:39 AM It is not a stable coin but Ripple dumping xrp at a rate of over 2% per annum more or less running parallel with fiat
Inflation is purchasing power loss, a hidden tax Fiat = inflation rate on average 2.3% for usd others way more if hyperinflation like venezuela Bitcoin = mining emmision rate (this year ~2%, reward halving every 4 years, started at 12.5 to 6.25, 3.2 and currently ~1.6%) XRP = ripple dumping rate () https://i.ibb.co/wpc52hW/xrp.jpg (https://ibb.co/QYDyxvN) percentages per year, current supply 45,348,221,180, of total 99,992,725,510 54.65% to be dumped waiting for a buyer last 6 years averages out to 2,4% https://i.ibb.co/khtwS7K/Untitled.png (https://imgbb.com/) Title: Re: XRP must be considered a stable coin Post by: slaman29 on November 30, 2020, 11:55:07 AM Stablecoins themselves are hardly stable, but okay yes I get it, at least the volatility is kept within a very small range, and in general even the worst of them USDT is always always 97 cents to 1.03 cents. As stable as it gets in crypto.
But whatever you want to say about XRP. A coin that gained 60% in 2 consecutive days is not a stablecoin! Title: Re: XRP must be considered a stable coin Post by: Japinat on November 30, 2020, 12:48:24 PM XRP is centralized but it cannot be considered as a stable coin, it also attract people to invest on the coin, so that alone would already prove that it's not. AFAIK, XRP is targeting the banking industry, and they want some serious adoption from them, but it does not change the fact that its value is still volatile, in fact I have some investment of XRP too.
Title: Re: XRP must be considered a stable coin Post by: lixer on November 30, 2020, 04:03:39 PM You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin. And the price changes so dynamically that calling it a stable coin doesn't suit it. I like the coin no doubt and I am positive that we might see $1 soon but that does not change the fact that it is not a stable coin instead it has went more ups and downs in recent times than any other coin in the market.I only use it for gambling because the transactions are lightening fast and also for trading because it is easier to deposit and withdraw but the worst thing about XRP is that you have to block 20 XRP in your address just to activate it and that 20 XRP are blocked and you cannot spend it at all. I think this needs to be worked on because not everyone can afford to block 20 XRP per address and not everyone knows about it either. Title: Re: XRP must be considered a stable coin Post by: montaga on November 30, 2020, 04:20:08 PM You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin. And the price changes so dynamically that calling it a stable coin doesn't suit it. I like the coin no doubt and I am positive that we might see $1 soon but that does not change the fact that it is not a stable coin instead it has went more ups and downs in recent times than any other coin in the market.I only use it for gambling because the transactions are lightening fast and also for trading because it is easier to deposit and withdraw but the worst thing about XRP is that you have to block 20 XRP in your address just to activate it and that 20 XRP are blocked and you cannot spend it at all. I think this needs to be worked on because not everyone can afford to block 20 XRP per address and not everyone knows about it either. If you use it only for gambling or trading you dont need to lock anything. https://tdxp.app/market/XRP-USD Minimum trade 1 cent and not limited to crypto, stocks or gold.... available to. No trading fee only Holding Fee 0.017884% for every 8 hours (less for other markets like commodites... ) Title: Re: XRP must be considered a stable coin Post by: lepbagong on November 30, 2020, 05:58:11 PM If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible.
Title: Re: XRP must be considered a stable coin Post by: AakZaki on November 30, 2020, 08:11:49 PM My knowledge about stable coins is a digital currencies created to equal the value of fiat currencies such as dollars or euro. Stablecoins serve as reliable safe haven assets in the midst of an volatile up and down market. So far what I know about Stablecoins is USD Tether (USDT), True USD (TUSD), Paxos Standard (PAX), USD Coin (USDC), and Binance USD (BUSD). There are probably many other stable coins that you can look at https://research.binance.com/analysis/stablecoins-evolution?utm_source=BinanceAcademy. So according to that understanding, if you think of XRP to be a Stable coin, that is wrong. It's easy to see that XRP prices fluctuate and unstable coin.
Title: Re: XRP must be considered a stable coin Post by: 2double0 on November 30, 2020, 08:27:44 PM Why do you need more stablecoins? Isn't the list too big already?
We have many stablecoins available like BUSD, USDT, TUSD, USDC, etc. as many exchanges use their own abbreviations for their dollar. Why do you want to give XRP the name of a stablecoin when it has the volatility that drags it a few percentages up and down quickly? Why are you so much butthurt that you want to steal a cheap token from traders with the cheapest fee to send a transaction? Title: Re: XRP must be considered a stable coin Post by: goaldigger on November 30, 2020, 08:35:43 PM If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible. The price maybe low but you can see that it is still volatile compare to the real stable coin. I don’t think XRP should be considered as an stable coin because its not and it will not become a stable coin, XRP will join the pump and dump trend and the price can be manipulated. There’s no need for XRP to become a stable coin, traders know how to deal with XRP so better to see its real trend as well.Title: Re: XRP must be considered a stable coin Post by: crzy on November 30, 2020, 08:56:13 PM If you look at the chart from Coingecko, I don't see the XRP as a stable coin, is it because the price is not too high so the% that happens is not very visible. The price maybe low but you can see that it is still volatile compare to the real stable coin. I don’t think XRP should be considered as an stable coin because its not and it will not become a stable coin, XRP will join the pump and dump trend and the price can be manipulated. There’s no need for XRP to become a stable coin, traders know how to deal with XRP so better to see its real trend as well.Title: Re: XRP must be considered a stable coin Post by: MCobian on November 30, 2020, 08:59:08 PM I don't agree with the opinion that XRP is considered a stablecoin, because in fact XRP is not a stablecoin. The opening post must accept
the fact that XRP cannot be considered a stablecoin, because XRP is not like USDT. We can compare the trading chart between USDT and XRP which is very different, XRP price movements are volatile. Maybe because after reaching all-time high prices, XRP prices do look stable, but that doesn't mean XRP can be considered a stablecoin. Title: Re: XRP must be considered a stable coin Post by: militiariko on November 30, 2020, 09:04:38 PM XRP must be considered a stable coin XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. If you truly believe that xrp is a stable coin; then you are merely selling yourself fantasies; you have ignored the basics of blockchain technology which is believe is comprehension and you doing your proper researches. When it comes to stable coin, i know usdt, tusd, busd and i use them. So learn to different stable coins from altcoins. XRP must be considered a stable coin I think the much better investments are tezos, neo, eth at this time. In a nutshell, i believe you are trying to say that you prefer to invest in tezos, neo eth than xrp; it is a normal and mutual thought. Do your own research and invest accordingly Title: Re: XRP must be considered a stable coin Post by: jaberwock on December 01, 2020, 03:23:46 AM Don't be like that, it will endanger the ripple community too, if XRP is a stable coin, Calling it chocolate would mean people will start eating it, right? I mean no matter what one says but it is obvious that ripple is no where close to being a stable coin.then everything will lose, so it's better that Ripple is not coin stable, ripple is ripple. Saying that XRP must be considered a stable coin is like saying that mayonnaise should be considered a musical instrument. Haha yeah or maybe calling burger as the least selling dish ;DIt is funny how no explanation is given and we are discussing it. I mean I can start calling Bitcoin as stable coin too because I don't have to give any explanation. Ripple has been adopted by some banks, etc and is a good coin but on what grounds it is being called as stable coin baffles me. Title: Re: XRP must be considered a stable coin Post by: tbterryboy on December 01, 2020, 05:04:38 PM There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time. As such Bitcoin is also used as a payment means right? Then should one stop investing in bitcoins? Obviously not because what purpose a crypto serves has less impact on a traders preference when buying, instead all traders care about is how the price is doing and how the future demand and supply chain looks like.XRP lists on top 3 in terms of total market cap so this makes investors feel that the coin has some solid interest and the price hasn't done bad either so no way investors are going to stop and yes there might be better projects but everyone has their own choices. Title: Re: XRP must be considered a stable coin Post by: CaVO32 on December 02, 2020, 11:22:48 PM I don't agree with the opinion that XRP is considered a stablecoin, because in fact XRP is not a stablecoin. The opening post must accept the fact that XRP cannot be considered a stablecoin, because XRP is not like USDT. We can compare the trading chart between USDT and XRP which is very different, XRP price movements are volatile. Maybe because after reaching all-time high prices, XRP prices do look stable, but that doesn't mean XRP can be considered a stablecoin. I think the OP is just being sarcastic about it. It was long time that it was in the 20 cents level and only recently that it spike its price in the market. And with the upcoming flare airdrop for XRP holders, I guess the price will go up just before the snapshot and may go down afterwards. But in terms of payment application, XRP coin is really doing good job on that part. Their fee is really cheap as compared to btc. Title: Re: XRP must be considered a stable coin Post by: Hypnosis00 on December 02, 2020, 11:52:56 PM NO, it can't be considered but see this coin as less volatile due to its centralized platform. Anytime, the price can be changed depending on the market demand but not like how decentralized coins move up and down.
TBH, I also once investing XRP but the result is different when you are investing Bitcoin. If you are looking to make safe of your money, make a choice to USDT, which is the known stable coin. Title: Re: XRP must be considered a stable coin Post by: bitzizzix on December 03, 2020, 04:47:21 AM NO, it can't be considered but see this coin as less volatile due to its centralized platform. Anytime, the price can be changed depending on the market demand but not like how decentralized coins move up and down. Yes, although XRP has great potential and significant development, XRP is not yet a stabilcoin and unlike USDT which in my opinion can be said to be a stabilcoin.TBH, I also once investing XRP but the result is different when you are investing Bitcoin. If you are looking to make safe of your money, make a choice to USDT, which is the known stable coin. and besides USDT, BUSD, TUSD and USDC which in my opinion are stabilcoin, and it's good to study developments and charts and so on to be sure. Title: Re: XRP must be considered a stable coin Post by: Xxmodded on December 03, 2020, 11:26:20 AM I believe XRP will back to higher price during hardfork again on 12th December and many investor hold XRP to earn spark token, I know how interest many investors with new coin received from holding ripple on two weeks later, maybe any one wanna try to hold ripple during still have lower price now, I think if you wanna get much profit from ripple holding buy now and how until 12th December to earn spark token and support almost all exchange like upbit, binance and have many other exchange could be recommended to hold xrp.
Title: Re: XRP must be considered a stable coin Post by: TheGreatPython on December 04, 2020, 02:47:44 PM Do what’s best for you, XRP is not a stablecoin. I know you’re saying this because there has been so many news on institutions/banks that are adopting ripple, but the price is still not going up. Didn’t see what happened two weeks before the end of November? The price was nearly $1, stopped $0.92 and then dropped by half.
Some coins don’t fluctuate all the time, even Bitcoin for long the price stayed stable at some point before it started to go up and down again. That’s the same with this XRP, it stayed stable and then went up. XRP stays a volatile coin, whether you want it or not doesn’t change anything. |
