Bitcoin Forum

Im quite surprised how high Ripple has risen over the last month, ive never been too interested in it due to it being so centralised etc, I never thought that Ripple would reach 1c let alone 2.5c and still climbing.

If i invested it i would only have done so to have made a gain and then sold off.
Its hard to say whats driving up its price, but i dont see it staying this way for long, i will be surprised if this trend continues.

I don't think it will go much higher.It went from 180 million USD market cap to 750 million USD market cap in 30 days.Thats insane, i would be surprised if it keeps rising.

just stay away.  it's centralized, so it's not going up.

Thats how i feel here too.
At least its not just me who thinks that.
Looks like its just having a bit of a small pump for now, things will probably settle in the new year.

still nothing on bitcoin, so no it wont overthrow the king

yeah, it's just a small pump, as usual.  nothing really going on there.

Yes, just a small pump?
Almost 800 million marketcap.. No altcoin comes nearby this amount.

800 mill is the publicly disbursed market cap  RL, private investors/ firms, HNWI's etc own 1.7 billion USD worth of XRP at current market rates (most of which got at signifcant discounts or sweetheart deals), to put in  perspective, right now just the private stash is worth over 5 million BTC. Combined market cap is more half that of bitcoins at 2.5 billion USD

yes. everyone here it bitcointalk stay away.  you will lose your money. 

Yes, it's just a pump coin.

Yep, just a pump coin with no utility and doesn't provide liquidity for a very sound crypto currency platform.  The sad truth about it is, the people hating on XRP now will be the people pushing it to the ATH soon.  They will be afraid that they missed the boat and will push it even higher than what it should be when they start getting in the network.

P.S. Some people on this very thread have a million XRP(Not me), they are just trolling.  Good Luck.

I tried to find the leading exchange for XRP and trade volume. On Cryptocoincharts.info I found something
rather strange, that the leading exchange is Chinese BTC38, and global daily volume is about 800 BTC.
Anyone has more accurate information? So far, it looks like a Chinese pump that should fizzle soon.

Have you taken a look at this page?

http://www.ripplecharts.com/#/

A majority of XRP trading occurs within Ripple's built-in distributed exchange. cryptocoincharts.info does not appear to track that data. ripplecharts (https://github.com/ripple/ripplecharts) is a method of gathering data from the network, if you would like to confirm its validity for yourself. As of this moment CNY has lower volume than JPY, BTC, and USD.

OK, thanks. But this means there is no leading exchange?

Not directly related to the XRP supporting exchanges, is there a way to see market indicators
for Ripple, like MACD, (stochastic) RSI, and others, like bitcoincharts does for BTC (and shows broken XRP charts)?

sometimes btc38's XRP/CNY has been ahead in volume lately because...

charles xue:  http://en.m.wikipedia.org/wiki/Charles_Xue

http://8btc.com/data/attachment/forum/201409/17/105927tv38mrcck84uz3q8.jpg

he confirmed that he is investing in ripple last september.

this!

Manipulated and Centralized.. I would stay away myself. It reminds me of the Government. Only BAGHOLDERS. :P

How do you know it's a PUMP and DUMP???
Didn't they say this about bitcoin?

Bob is gonna dump soon on chinese  :) Shitting on noobs like the good old days  :)

Price doesn't change the unfair nature of the coin. It's an inherited flaw.

and also very evil.  look at face of programmers of ripple

http://www.cinemablend.com/images/news_img/66911/Star_Wars_Episode_VII_66911.jpg

It is pumping as long as they get enough liquidity and then there will be severe dump.
It is approaching the end of year and the Ripple people need to make some money out of people.

Good joke indeed :). At first let's see how it will survive in the first year.

not true...

http://www.cinemablend.com/images/news_img/66911/Star_Wars_Episode_VII_66911.jpg

Guys, XRP is fiat in the world of crypto. It's issued in a centralized manner, just like Federal Reserve is doing. It's market cap is huge bullshit because 90% of XRP is owned by one man. I won't touch it, actully I own 999 XRP from promotion and I wouldn't even bother selling them to ride the wave, and this wave is going to drop hard, very soon.

Blocknet is the next kingmaker, ask believers  :) First they implement real world purposes then long term investors jump in then 32,89$  :)

Put these two together...

very true.  that's why ripple's rise is 100% sure.  except for a correction from time to time.

http://www.cinemablend.com/images/news_img/66911/Star_Wars_Episode_VII_66911.jpg

BINGO! <-----------

Its been manipulated too much by now, so no

The only way Ripple can be that is if RippleLabs and the big stakeholders burn their share. One of the co-founders who owns 10% has publicly stated he is not interested in doing so and has left so there is nothing Ripple can do.

Its a brilliant piece of tech, if only they were less greedy they could have been a huge success story and be the number one.

They have it "manipulated" once they release more from the bag, the price will just keep booming. It has gone from 120 million to almost 800 million in a heartbeat.. Plus, like you said it is a smart piece of tech, if they weren't holding it like the feds. LOL. I give props to them tho for making it! The people already holding are going to be in for a good junk of $$. The late comers will just have to do the best to catch up at this point.. It will pass BTC by mid April, if BTC keeps dropping.. They both aren't too far away in specs and what they bring to the table.

It's true, they are hugely greedy. I can't fathom why the price keeps going up. It's still hella-hard to get ahold of any at a fair price, and once you have it, it's complicated to sell. It's tempting to watch that price ramp up and up, but when you remember how much XRP the ripple founders themselves hold you know something scammy is going on, regardless of how smart their tech is.

It is funny to see how many people are unable to understand what ripple is. It is decentralized by design. Open protocol, open software. And it surely the major advancement in cryptocurrency technology after bitcoin.

didn't the ripple founders donate all their holdings to non-profit charities? One for the under-banked?

nope.

http://www.cinemablend.com/images/news_img/66911/Star_Wars_Episode_VII_66911.jpg

Interesting to see its still climbing though, it cant go for much longer.

That's what they said last month....

notice each top is lower than the last one.

This bitch is going to crash hard, and they'll be sooooo much crying going on here, with shill threads and tards-in-denial.  It's going to be glorius.  I'd exit this shitbox while you can.  If you bought at the last top, cut your losses, it'll never be as high as it is right now.

yes, but why mad?

https://pbs.twimg.com/profile_images/378800000043102842/afd562c597df16854a8d8380041d25cc.jpeg

I feel like people praising ripple here are the ones that bought to this high price now and since ripple is very undisclosed to updating their "coin" holder with their plans then these people do what they can only do "hype" based on speculations..

lets look at some datas:

We all know how the sudden jump in net worth rose in a blink. "new coins issued" x old price.

question is.. where is all the 24 hrs volume coming from?

where clicking the total 24 hours volume in coinmarketcap it shows that roughly $100k is traded in almost all BTC related exchange and then there is ~$1.4 millions on www.RippleCharts.com .... So yeah...

can some one break down where this ~1.4 million 24 hrs trading volume comes from?


Mostly my point of my post is that the people who are trading the $100k volume (aka traders from BTC38, cryptsy , polo , kraken justcoin etc) are coming here praising their glorious investment :P

I worry that it is exactly the opposite - it's centralized so there is some serious investment behind it and strong advocates for it.

I don't like ripple or the idea behind it but you can't argue with success.  Over the last year bitcoin has dropped like a rock and ripple has done well.  Only time will tell, but I think ripple is here to stay, it may be interesting to see what they make of it.

It is broken down on ripplecharts.com Look at the pie chart. Go to "Value trends" tab for historical data.

Ripple is not XRP. It is a decentralized exchange. XRP is just one of many assets traded there. People trade fiats, assets backed by commodities like gold and silver, dividend bearing assets (e.g. cloud mining hashes), etc. This is where the volume comes from.

Here is an incomplete list of what is currently traded: https://coinist.co/ripple/assets

Volume is coming from their gateways. They signed two banks (one in Mexico and another in Germany if I remember correctly) so they must be responsible for the 1 million trade volume.

just stay away from ripple.

http://upload.wikimedia.org/wikipedia/en/8/8f/Emperor_RotJ.png

Centralization of some sort is inevitable, and has its appropriate position. It is in no way a liability from realistic perspective.


Unless you live in a fantasy world, you should recognize the idealistic decentralized paradise is beyond your reach, at least for the foreseeable future.

Oh man, btc is centralised now anyway...well practically...look at the big mining operations. there is only a handful left  >:(