XRP For Sale: 225 XRP for 1 USD @ Bitstamp

[misterbigg]

[savemydinner]

Not sure, if it's worth to buy it with 225/usd, hmm. What your thoughts on XRP's future?

[misterbigg]

Not sure, if it's worth to buy it with 225/usd, hmm. What your thoughts on XRP's future?

What are my thoughts? Not that I'm an expert, but my personal sentiment is that XRP will slowly appreciate and after a few years when the ecosystem of Ripple enabled businesses reaches a critical mass it will outperform Bitcoin. The wholesale price of XRP started at 1,500XRP/USD a few months ago and has increased to 1000, then 800, and now it seems to be 225. Of course, OpenCoin is to a large extent setting the price since they control the distribution.

I consider XRP to be purely speculative and there is a considerable chance of a total loss. It is not proven the way Bitcoin has been proven for 4+ years of getting beat up by teenage Russian hackers trying to steal coins. And it is currently closed source. But then again if Ripple delivers on its promises it could be bigger than Bitcoin.

[savemydinner]

Thank you for this opinion. Actually, I think the same, just want to add that the best way imho - buy some (and not very big) amount of these ripples (100 000 - 200 000) in order to check them in few years.

[savemydinner]

Haha: http://cs425929.vk.me/v425929295/127/W7mpq_Js9-M.jpg

[arsenische]

I appreciate this opportunity to buy ripples from a trusted entity (which Bitstamp is)... But why 225/usd?

Seems like I just lost ~30% here on a single deal since you can buy 360 xrp per 1 bitstamp usd via Ripple. I know it's my fault, I should have checked the actual rate before buying it.

But still a fixed rate of 225/usd looks more like a trap for newbies. It would be much nicer either to use a market price (that most users would expect from Bitstamp), or to recommend users to withdraw USD to Ripple and trade there.

[misterbigg]

Well if you want to buy $100,000 worth of xrp there isn't enough liquidity in the Ripple order book get. Also, using the bitstamp interface, you won't move the market.

[arsenische]

Well if you want to buy $100,000 worth of xrp there isn't enough liquidity in the Ripple order book get. Also, using the bitstamp interface, you won't move the market.

Hmm.. You are right... If you buy $100000, you better do it with Bitstamp. Wow.. Never thought about it

And the price fluctuates greately. Now it is 312-349 xrp/btc. Wow.