shamzblueworld
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August 10, 2017, 04:31:51 AM |
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I predict XRP will hit at least $1.00 by the end of 2017. Right now, the price is being purposely manipulated to make it look good for the banks.
XRP will be the hottest coin this year. Many investors participate in this game. However, I still need to wait for more updates before I can make an investment decision.
I agree, that is why I have even invested more with price being so low at the moment, I feel it is one of the most reliable options to invest, especially for not so short term trade. I definitely think it has the potential to double its current value quite soon.
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ViolaDavis
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August 10, 2017, 05:19:10 AM |
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XRP. But who knows when it will stop? Maybe today, maybe for a week.
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nsasuiteb
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BAILOUT
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August 10, 2017, 11:17:51 AM |
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The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!
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wajik-tempe
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August 10, 2017, 12:14:38 PM |
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65% of total XRP supply is in the hands of Ripple.
You are serious about what you say when they are manipulated ? The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!
Hopefully it happens I have quite a lot of Ripple which until now I have not sold, can go back to 25K so i can sell and earn profit when i buy at 18K price
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Bramen
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August 10, 2017, 12:38:39 PM |
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65% of total XRP supply is in the hands of Ripple.
You are serious about what you say when they are manipulated ? I didn't say XRP is being manipulated - I don't know if it is -, merely that there are plenty of opportunities and incentives to do so. The fact that none of the Ripple/XRP pushers have responded to my concerns in this or other threads raises further red flags. As mentioned above, over two thirds of all XRP is in the hands of Ripple. They have said they will sell or give away "only" 1bn XRP per month at max. If they stick to that promise, at 1% of total supply that is a lot, and offers ample opportunity for market manipulation. And as holders of more than 55% of all XRP available, there are plenty of incentives to flood the market to tank the value for shorting, or other more sophisticated shenanigans. There is a huge long-term potential for XRP adoption across the world, but I have serious reservations about how Ripple is treating distribution via the old boys' network, and us mortals may be outplayed.
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MiriamWeston
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August 10, 2017, 01:04:14 PM |
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The value of XRP seems to always increase over time as bitcoin decreases and recovery slows
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Higginbotham
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August 10, 2017, 01:07:22 PM |
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XRP trading is grinding to a halt at POLO while it influences negatively at all other markets.
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ikilledcobain
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August 10, 2017, 01:13:53 PM |
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Personally, I'm building a small stockpile of XRP. I wish I could give a good reason why, but I have been following my gut on this one.
I'm powering down my STEEM account and converting it all to ripple.
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nasqar
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August 10, 2017, 01:29:15 PM |
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Ripple has a very good specs, yet it is not having a big price. I dont know why but other coins are running, not reay sure which coin to be chosen
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carlisle1
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August 10, 2017, 01:48:49 PM |
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The great demand from japanese banks will probably ride price to the moon. Japan is a crypto paradise, lucky ripple investors!
are we going to see another huge pumped? as ive seen big downfall for the past week or two and now ripple is trying to bounce back just don't know how long it will survive the fluctuations, but holding some would be a great choice. good luck
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IAMXX
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August 10, 2017, 03:58:46 PM |
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ripple is trying to bounce back just don't
excuse me but is doing what? Are we see exact same charts? or you are color blind?
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Bigzilla
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August 10, 2017, 04:12:58 PM |
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They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.
wrong. 1bn will be released per month, not necessarily sold. wrong. Ripple will give or sell up to 1bn XRP.
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McWorse
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August 10, 2017, 04:23:48 PM |
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They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.
wrong. 1bn will be released per month, not necessarily sold. wrong. Ripple will give or sell up to 1bn XRP. source? Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B. Edit: Ok. I think, I got your thought now. Your are right with "up to". sorry...
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masstahcoiner
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August 10, 2017, 04:26:12 PM |
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They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.
wrong. 1bn will be released per month, not necessarily sold. wrong. Ripple will give or sell up to 1bn XRP. source? Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B. Edit: Ok. I think, I got your thought now. Your are right with "up to". sorry... When XRP will start to the moon price will hit 1$ We will see - load your cheap bags of XRP while it's time
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ElitistCA
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Blockchain Just Entered The Real World
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August 10, 2017, 04:56:10 PM |
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They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.
wrong. 1bn will be released per month, not necessarily sold. wrong. Ripple will give or sell up to 1bn XRP. source? Because as far as I know, this is wrong. XRP which aren't sold will be held back and sold in the months after the selling program. But never in bigger amounts than 1B. Edit: Ok. I think, I got your thought now. Your are right with "up to". sorry... When XRP will start to the moon price will hit 1$ We will see - load your cheap bags of XRP while it's time In my opinion the target $1 for Ripple in this year very easy, because if the market in next time can recovery after falldown to base price, not have reason can make Ripple still low price.
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Hodor7777
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It’s easy to confuse what is with what ought to be
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August 10, 2017, 07:27:47 PM |
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It's interesting to see how many traders will wait to jump on a train after it's left the station. XRP is in the midst of implementing their technology at uncounted banks and FIs, and have already done so at 75 banks. That's 75 commercial deployments of Ripple tech, across 90 current customers. And that list of banks includes BMO, UBS, RBC, Westpac, and Standard Chartered, among other members of the "top 20" worldwide. What other company with the digital asset has this much industry traction? None. When the train leaves the station, there's going to be more than enough regrets to go around! https://ripple.com/xrp/market-performance/
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Bramen
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August 10, 2017, 08:10:08 PM |
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It's interesting to see how many traders will wait to jump on a train after it's left the station. ... When the train leaves the station, there's going to be more than enough regrets to go around!
I take it you imply that the price will increase? What is the time horizon you have in mind? There are 38bn XRP in circulation* today, and Ripple is selling or giving away up to 1bn per month. That's 1% to 2.6% of XRP supply growth (inflation) each month for fifty five months, resulting in 32% inflation in the first year alone (from current 38bn to 50bn if 1bn is released per month). That's huge inflation, and potential to rein in the price of XRP. Therefore we're looking at least four and a half years of inflationary supply growth, quantitative easing, printing money, and market manipulation by Ripple. You are probably right that there will be regrets, but it is possible that it will take years for XRP value to really take off. Given the distribution model, I wonder what other tricks Ripple has up their sleeve. Ripple is selling part of the monthly allotment to institutional investors, so there is an increasing risk of collusion and market manipulation. * up to 10bn of these are held by Ripple which makes this analysis even more worrying, as these XRP are not really in circulation.
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Hodor7777
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It’s easy to confuse what is with what ought to be
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August 10, 2017, 08:29:16 PM Last edit: August 10, 2017, 09:06:57 PM by Hodor7777 |
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It's interesting to see how many traders will wait to jump on a train after it's left the station. ... When the train leaves the station, there's going to be more than enough regrets to go around!
I take it you imply that the price will increase? What is the time horizon you have in mind? There are 38bn XRP in circulation* today, and Ripple is selling or giving away up to 1bn per month. That's 1% to 2.6% of XRP supply growth (inflation) each month for fifty five months, resulting in 32% inflation in the first year alone (from current 38bn to 50bn if 1bn is released per month). That's huge inflation, and potential to rein in the price of XRP. Therefore we're looking at least four and a half years of inflationary supply growth, quantitative easing, printing money, and market manipulation by Ripple. You are probably right that there will be regrets, but it is possible that it will take years for XRP value to really take off. Given the distribution model, I wonder what other tricks Ripple has up their sleeve. Ripple is selling part of the monthly allotment to institutional investors, so there is an increasing risk of collusion and market manipulation. * up to 10bn of these are held by Ripple which makes this analysis even more worrying, as these XRP are not really in circulation.Couple corrections: Ripple said they can use UP TO 1 billion per month. That's how much escrow will release when it starts to take effect. The purpose is not to sell on the open market, so you should revise your inflation assumption - they've said many times that they will use this supply to bootstrap liquidity for banks and FIs, and that any unused portion will go back into escrow for ANOTHER 55 months. That's how it works, and that's their plan. Note that this is a positive - it's what sets XRP apart from Bitcoin and Eth when it comes to adoption by FIs and banks - there is no central organization with a stash to bootstrap liquidity to speed adoption in specific industries for Bitcoin or Ethereum. But Ripple has enough each month to do just that. If you want info on adoption of XRP by banks, and why banks are incentivized to use it, this post on XRPChat has a lot of information to peruse: https://www.xrpchat.com/topic/6362-the-reason-why-xrp-will-be-adopted/
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Rune
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August 10, 2017, 09:03:50 PM |
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I really doubt Ripple is going to go up much more then it already has it just is not a big enough game changer to do more then it's current market cap
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Bramen
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August 10, 2017, 09:07:58 PM |
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Couple corrections: Ripple said they can use UP TO 1 billion per month. "Up to" is exactly what I said as well. And I believe you mean Ripple are selling or giving away up to 1 billion per month. The purpose is not to sell on the open market, so you should revise your inflation assumption - they've said many times that they will use this supply to bootstrap liquidity for banks and FIs, and that any unused portion will go back into escrow for ANOTHER 55 months. That's how it works, and that's their plan. Inflation is inflation. If they sell to banks and FIs, the XRP are in circulation. And what you're saying about the unused portion going back to the queue to be potentially released after the 55th month just means the market manipulation will last for even longer than four and a half years. I can see why banks and FIs are bullish about XRP, as they will get XRP at a discount (or for free?), while the rest of us will need to buy it at market price.
I'm holding a small amount of XRP and plan to increase my exposure, but the more I research it the more concerned I get.
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