Bitcoin Forum

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Where did the steam come from in the first place?  Ripple Labs wants a stable XRP, not one that is volatile like this.  They are fine with it going down and being stable.

Idk, I don't think ripple is scaled enough to think about all the xrp being used to buy and sell bitcoin but you're right people speculate on anything.

And the news that Australia will charge tax on crypto means the ripple protocol will be illegal in at least 1 country.

That may have already been priced in since people already knew that was happening.

Why didn't they name the thread "Ripple could be illegal soon in Australia"?

rather than the misleading
"Ripple : I don't think RL would be talking to a government if they were scammers"

And why is there no mention of it on the ripple website?  Ripple Labs is a company, so surely they should be broadcasting this news everywhere.  not some single ambiguous thread.

They touch upon it a little tiny bit in the last paragraph here.

https://ripple.com/bitlicense-how-ripple-labs-approaches-regulations/

Again it's ambiguous.  Ripple labs are not being straight up.

700% gain isn't sustainable, take profits now or cry later.

As XRP begins to dump, BTC must logically rise right? Coz dumped XRP will be converted in BTC...

Well guys the pool says it all. Do the opposite of what a bitcointalk poll and you will be in the money.

Funny, I remember hearing that when Ripple was under 50 million.

seems like its going back up  :o

china was the driver.  it all starts at btc38 then other exchanges follow.

shilling?  in bitcointalk?  nobody does that.  but then there's everyone.

;D

Bad news are not that well suited for broadcasting.
Conceptually forced to approach all kinds of regulations, Ripple will soon be the most overregulated currency in the world.
(oh dont start argueing if it is a currency, plz)

Overregulations will make it a commodity?

Ripple is great project and protocol that will be adopt by banks in couple of years.

A majority of the community gathers at xrptalk.org (http://xrptalk.org) or in group chats over Skype. Few visit this site.

At the moment xrptalk.org (http://xrptalk.org) has 90 users online, of which 31 are registered users. I have seen total active users frequently surpass 100, as of late. In my experience, Ripple has a passionate core community of active participants in the ecosystem---traders, coders, and those attempting to establish businesses using the Ripple network---with a broad spread of nationalities and backgrounds represented. I learn a lot through the community.

In my experience, it is much less of a hype oriented culture. I think that has been a side effect of how depressed the price has been for so long; I kind of see that as an advantage now. In general, those that have stuck around through all of the uncertainty have passionate interest in Ripple. A lot of diverse perspectives are exchanged, and critical perspectives on Ripple/XRP/Ripple Labs are frequently and openly shared.

At various points in the past, I would have definitely agreed with your perspective, but it has become an increasingly lively ecosystem. It is worth checking out.

So a multi hundred million market cap and the prime resource for discussion has 31 members online? r/ripple has 5 members online right now and just over 1100 subscribers. It doesn't make a lot of sense to me.

I think there has been a lot of good news, which has attracted speculators, and speculators have then attracted more speculators...

A lot can be argued in favor of XRP as an investment, but I am most interested in the merits of the Ripple protocol in isolation from XRP exchange value.

Ripple has a highly engaged community, surrounding a widely misunderstood (https://bitcointalk.org/index.php?topic=176077.msg9828248#msg9828248) crypto protocol and network, and that is my general message. I am most excited by the new investment interest attracting new contributors to the ecosystem.

Success of any cryptocurrency, in general, is almost religiously associated with a high exchange value. If Bitcoin continues to incrementally improve, as necessary for scale (https://gist.github.com/gavinandresen/e20c3b5a1d4b97f79ac2), dropped to $10 on the exchanges, and then became widely adopted---it would be hard to say that the protocol was not successful. I am not sure why Bitcoin, or any cryptocurrency, needs to trade at $10K for it to be considered a success. And this is also true of Ripple. Adoption is key, in my opinion, and it is cool seeing Ripple continue to gain traction---as well as all of the continual improvements being made to the code base (https://github.com/ripple/rippled).

I hold XRP as a long term investment, and do not encourage anyone to invest in any cryptocurrency without taking the time to research and understand it. Even then, investment in any cryptocurrency remains high risk.

I think the greatest odds of making money from any cryptocurrency is through building something uniquely useful on top of it, and something useful for people beyond its core community. In general, I also think that will be the winning path to ubiquitous cryptocurrency adoption (https://bitcointalk.org/index.php?topic=882698.0). Ripple is highly oriented toward utility.

If you are a dev or entrepreneur, check out the CrossCoin (https://bitcointalk.org/index.php?topic=895186.msg9860901#msg9860901) startup accelerator linked in my sig. Ripple has opportunity for profit beyond XRP, and the accelerator can help get you rolling.

xrptalk.org (http://xrptalk.org) is a useful forum for anyone wanting to understand more about Ripple---its community voice is underrepresented here.

sometimes i think, it is only made for that...

Indeed. What a bear party we're seeing here and do you know what it smells like? Relief, because there is a lot of fear in regard to the growing XRP price. This dip will be temporary again, as was the previous one. But Bitcoin must succeed for a lot of people here (i.e. because they are financially underwater or foolish idealists) and therefore OP made this topic. This reminds me how much fear there is towards XRP, even though both Ripple and Bitcoin don't really share the same goals.

cos prolly ripple didn't attract much amateur traders, nerds, hopeful "idealists" and neckbeards.

afaik, ripple is being marketed to banks and FI's as they changed tack in their business strategy.

Clearly it is/was a correction.

Watch things heat up again on Monday as the weekend's wire deposits make it to their respective gateways and those funds become available to buy fiats/cryptos/commodities.  

...and then peter out by the end of the week...again.


Look at the runs that have started each Monday for the last month...and at the collapses/plateaus on weekends when wire transfers can't hit their gateways.

It's not rocket science ... The swimming pool is being filled, just less so on the weekends.

Ripple only went up because 'tards bought the whole supply manipulation on coinmarketcap hook, line and sinker.  It's increasingly more difficult to pull off those tricks.

Besides the "news" about the banks was always exaggerated (Fidor is extremely extremely extremely small in Germany and most there have never heard of them and Fidor is pro-Crypto not exclusively pro-Ripple) or completely made up / felled through.

http://www.coindesk.com/history-ripple-stellar-tell-all-report/

BAM, I called the top to a tee

http://coinmarketcap.com/currencies/ripple/#charts

Would be a good time to start buying back in USD I think or atleast over the next week or two.

Ripple operates on the greater fool theory whereas Bitcoin is a mineable commodity like Gold, just a modern version.  Two totally different concepts On top of that Ripple is a central company nothing to do with crypto's philosophy.
It is in g enormous bubble territory at moment given that only a small % of coins is available to trade on the open market. Dev is keeping his stash off market and Jeb cant use his 10  Billion for some time by agreement. All the billions of coins given away to "strategic partners" (friends, coinmarketcap, banks.......) are off market as well as they have no need to recoup the investment as they where freebies to start with.
Numbers just dont add up left right centre, fast majority of trade inhouse at ripple gateways......

That seems to be the situation with cryptos at one point or another.

you mean the banks have a hard time to sell of the free ripples xrp's they have received as a bribe from the ripple guys. dont worry i am certain they free coins came with a condition that only x amount can be dumped per year

I think you guys are wrong about ripple since it's fine if its run by a company (especially google labs), look for a good buy point in the next week or two.

Why choose Ripple with their lopsided distribution when you can support a decentralized exchange with a USD pegged liquidity token? Less volatility == tighter spreads. Serious inquiry btw... I genuinely want to know what it has going for it other than a few partnerships. SWIFT integration I guess?

Ripple may have the advantage of being around longer, but I just can't see the advantages over BitShares- centralized distribution, no stakeholder governance, volatile liquidity token, and no market pegged assets are all deal breakers for me. I guess the path finding algorithm is good though?

Bitshares is also good, they have done a great job.

Because ripple is a centralized shitcoin, controlled by a single entity, not good for crypto if you ask me, people are catching on I guess :)

it was a nice P&D  :)
Time to start looking the next one

I sold at the top :-)

Doubt I'll be buying back in. 

Ripple has done some really cool things, but I doubt it can close on its targets. 

BitShares is like a decentralised Ripple with extra features.

https://i.imgur.com/cbXsXYD.png
https://i.imgur.com/OJ8i5or.png
ohy, someone is in a hurry to get out

What goes up! of course has to come back down  ;D

Was s clear as day what it was up to i hope not many here lost out because you was all pre warned ahaha

I made few hundred % and then i was goneeeeee

yes sir

I still think the concept of Ripple isn't dead, yet the centralised part needs to be figured out in a decentralized way :)

Ripple as a social credit system is great.  Ripple as a centralized system is not so great.  Hopefully, NXT's planned social credit system will accomplish this.

NXT is even worse then XPY in my opinion :)

Isn't this everyone's opinion?  ???