[XRP] Ripple Speculation

[groko271]

the worst coin that made me pretty much lose how many thousand dollars,,before its in May i bought at 18K price until now never return to that price
plus yesterday and today many people speculate to buy this coin with the news SWELL conference but not the price will PUMP exactly the opposite DUMP
2x I was fooled with fake coins like this RIPPLE 

This is a good lesson for you for sure, regarding believing the hype. However I still believe in this coin for the long term (2-3yrs) so my advice is to hang on. However if you want to sell, remember when you bought xrp back in may bitcoin was at 1/2 the price it is now, so you can sell when/if xrp = 9k sats, to break even regarding fiat transfer.
There was a lot of hype, for which I have conservatively argued against at various times in this thread, for my position on xrp is a 50c max over the next 12 months. There is no moon due to the huge amount of the pre-mined tokens which has a limiting affect considering the overall market cap.

good luck.

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[God27]

the worst coin that made me pretty much lose how many thousand dollars,,before its in May i bought at 18K price until now never return to that price
plus yesterday and today many people speculate to buy this coin with the news SWELL conference but not the price will PUMP exactly the opposite DUMP
2x I was fooled with fake coins like this RIPPLE 

This is a good lesson for you for sure, regarding believing the hype. However I still believe in this coin for the long term (2-3yrs) so my advice is to hang on. However if you want to sell, remember when you bought xrp back in may bitcoin was at 1/2 the price it is now, so you can sell when/if xrp = 9k sats, to break even regarding fiat transfer.
There was a lot of hype, for which I have conservatively argued against at various times in this thread, for my position on xrp is a 50c max over the next 12 months. There is no moon due to the huge amount of the pre-mined tokens which has a limiting affect considering the overall market cap.

good luck.

I couldn't of said it any better myself.

However, I see a $0.60 max just based on the price always goes higher than we think then dumps even lower.

[yefi]

Guess the Bernanke put didn't work out too swell.  

[yonton]

xrp is by far the most dissapointing crypto investment in the history of altcoins. Would have been better off putting that cash in my wood stove and burning it.

[MemberBerries]

xrp is by far the most dissapointing crypto investment in the history of altcoins. Would have been better off putting that cash in my wood stove and burning it.

Guys, the thing is to catch the bottom and not to listen to butthurttalkspecialists

Many say "bUt rIPpPle iS sCAm" or "wOrSt iNveTsMent oF mY lIfE"
Do you know why that happens?
Because you dont say investment when you hold for a few weeks lmao.
And dont be disappointed when you buy all time high! Why did you buy ATH? becuase you have listened to expertz telling you NOT TO BUY XRP because it is a scam, but thenyou see it moving 100-200% and youthink "what if the expert isn'tan expert and im an idiot?"
Story of your life lol
Hang on and buy more, XRP will hit 2$ next year, i feel comfortable with my bags because trough my research i came to the conclusion to buy xrp in January before even putting on a butthurttalk account. I saw the "bUt iTs a ScAm" "tOO mAny czoIns" dEvS cAn dUmP and so on but guess what im still up  figures and every doubter isnt... let that sink in

[MemberBerries]

What people fail to realize is that banks don’t need to adopt Ripple. Oracle, Earthport, TES, TAS Group, CME, Cambridge global Payments, Ingenico, Bluezelle, IBM... and on and on and on. Banks don’t need XRP when they are working with all of these service providers who will use XRP.

Banks don’t need to move on XRP when Broadridge, DTCC, Euroclear, CTS are all moving to adopt crypto for clearing and settlement. Many more as well (SBI just acquired 40% in one looking for approval). THESE COVER TRILLIONS OF DOLLARS IN CLEARING AND SETTLEMENT AND HAVE ALL EXPRESSED INTEREST IN CRYPTO AND HAVE TIES TO RIPPLE... They will do all the clearing and settling, they already do! Trillions a day!



https://www.prnewswire.com/news-releases/earthport-plc-chooses-broadridge-financial-solutions-to-host-fx-and-cash-management-processing-300535522.html

[CryptoAdvizor]

i think it isn't worth an investment. There are other currencies like dash that can do the same thing as ripple does but only better

[xLays]

i think it isn't worth an investment. There are other currencies like dash that can do the same thing as ripple does but only better

Last week I bought 2417 Ripple with 0.00004560BTC each . I will sell it today I will already loss with the current price which is 0.00003742 . Too much regret here but I'm still waiting for the comeback of Ripple because of this news which would encourage me to buy some Ripple and Stellar.

Check this links: https://www.coindesk.com/ibms-stellar-move-tech-giant-use-lumen-cryptocurrency-payments-rail/
https://www.cnbc.com/2017/10/16/ibm-has-a-new-blockchain-for-banks-to-speed-up-cross-border-payments.html

[torrentco]

wov below 4k sat.
we are now at wher we where 6 months ago.
i believe it will alwys be profitable in fiat but not that sure it will be profitable in btc.
i am holding one more year thats all.

[blodtypex]

What people fail to realize is that banks don’t need to adopt Ripple. Oracle, Earthport, TES, TAS Group, CME, Cambridge global Payments, Ingenico, Bluezelle, IBM... and on and on and on. Banks don’t need XRP when they are working with all of these service providers who will use XRP.

Banks don’t need to move on XRP when Broadridge, DTCC, Euroclear, CTS are all moving to adopt crypto for clearing and settlement. Many more as well (SBI just acquired 40% in one looking for approval). THESE COVER TRILLIONS OF DOLLARS IN CLEARING AND SETTLEMENT AND HAVE ALL EXPRESSED INTEREST IN CRYPTO AND HAVE TIES TO RIPPLE... They will do all the clearing and settling, they already do! Trillions a day!



https://www.prnewswire.com/news-releases/earthport-plc-chooses-broadridge-financial-solutions-to-host-fx-and-cash-management-processing-300535522.html

So IBM's choice of Stellar Lumens was just a coincident?

[rindo]

Chief of ailing virtual currency exchange held over fraud
THE ASAHI SHIMBUN
October 18, 2017 at 16:35 JST

http://www.asahi.com/ajw/articles/AJ201710180030.html

KYOTO--Police on Oct. 18 arrested the head of a virtual currency exchange on suspicion of bilking a customer of 1.4 million yen ($12,500), part of about 120 million yen believed to have been obtained fraudulently.

Yuki Takenaka, the 31-year-old manager of Ripple Trade Japan who lives in Kyoto’s Yamashina Ward, has admitted to the allegations, the sources said.

The cyberspace crime section of Tokyo’s Metropolitan Police Department said the limited liability company, which deals with virtual currency Ripple, has been in a state of collapse since around March 2015.............

Yes Mr. Yuki Takenaka earn the right, of a long stay, at care of the Japanese authorities. Another fraud criminal caught in the Crypto financial sector. This time in small Ripple exchange, but nothing directly related to the criptocurrency it self. We just hope that again the United States don´t desire to take another guest to their country, as the founder of BTC-e. In that case may be they can become cell mates.... 

[dhedition]

wov below 4k sat.
we are now at wher we where 6 months ago.
i believe it will alwys be profitable in fiat but not that sure it will be profitable in btc.
i am holding one more year thats all.

Do not say idiocy, 6 months ago BTC was around 1.8 ~ 2k and XRP between 0.4 ~ 0.7 cents.

XRP has lost almost nothing of the maximum value that has arrived.

XRP maximum of 0.40 cents and has already reached 2x at 0.28 ~ 0.30 between July and now in October.

People want to stay millionaires overnight, they want to invest in XRP today and expect the value to rise in 10 days.

Every investment takes time for a good harvest. Ripple also depends on people who believe in them and will be rewarded for it.

Want to win with XRP? So always buy in the dive, when there is a drop of 5 to 10% and sale when you climb 5%. Or be smart and always buy the dives to accumulate more and more XRP and never sell.

But there will be a day that there will be only 40b of XRP in circulation and when banks and institutions begin to use the token, every day (Minutes and Hours) XRP will be burned. Many speculate that the rate burned is insignificant, but it will happen all the time, so at some point in the future there may not be billions of XRPs. Then there will be supply and demand and this token may be more in demand than the BTC itself.

AND DO NOT WAIT FOR THAT TO ACHIEVE IN 2018 OR 2019, IT CAN TAKE A LONG TIME.

Max Supply
100,000,000,000 XRP

Total Supply
99,993,667,738 XRP

has already burnt nearly 7 million XRPs, imagine when banks and instutions start using the token for transfers across the globe when XRP is adopted as a form of payment around the world. Many XRPs will be burned per day, for weeks, for months, for years. This is just a matter of logic.

In all speeches they show not only the Ripple technology, but the use and economy using the XRP token.

The company Ripple went through several problems in the past, but struggled to overcome all obstacles to being regularized by governments and all this work to be a fraud? To appear in all parts of the world to deceive the whole public? Just to pick up the XRP and they pour more? No one is stupid to do that.

If you have a company or you're setting up one, do not think that in a month you'll be rich with it, if you want your company to be recognized, fight for it, show people how reliable and safe it is for investors.

And if anyone thinks that XRP can go back to 3 cents again, I will be one that I will buy from all the weak.

[MrDibbley]

ripple journey is a marathon not a sprint.

[Branko]

ripple journey is a marathon not a sprint.

Well tbh, I never expected 200% growth in a week, but still expected slow growth
after SWELL, not pretty sharp drop...this is not marathon, but backpedaling

[ebttch]

Manager of Ripple cryptocurrency exchange arrested for scam

Source: https://www.japantimes.co.jp/news/2017/10/18/national/crime-legal/manager-ripple-cryptocurrency-exchange-arrested-scam/#.WehWSztpFhH

A Japanese manager of an exchange for the Ripple cryptocurrency was arrested Wednesday for allegedly swindling ¥1.4 million ($12,470) from a depositor, police said.

It is the first arrest in Japan made in connection with a bourse of the Ripple virtual currency issued by a U.S. venture company, which is officially called XRP, according to investigators.

Yuki Takenaka, the 31-year-old founder and head of a company operating the Ripple exchange, is suspected of defrauding the male depositor in Miyagi Prefecture of the ¥1.4 million in March 2015. He allegedly collected the money even though his firm was in a state of collapse and unable to make refunds at that time.

Takenaka, a Kyoto resident, has admitted to most of the charges, according to the police.

The currency exchange was set up by Takenaka in Hamamatsu, Shizuoka Prefecture, in May 2014, but users were unable to withdraw cash or contact him around March the following year.

His company collected money from its users in exchange for IOUs, or written acknowledgements of debt, needed for Ripple online transactions. Users could exchange the notes with Ripple or convert them into cash.

According to investigative sources, Takenaka allegedly swindled more than ¥10 million out of a dozen users by advertising that his company charges no commission.

He is also suspected of issuing fictitious IOUs worth around ¥120 million and making profits. The police will search Takenaka’s home and other places in Hamamatsu.

As of Monday, Ripple’s market capitalization stood at more than ¥1 trillion following bitcoin at over ¥10 trillion and Ethereum at over ¥3 trillion.

The Ripple currency is usually used for international payments and cannot be used for merchandise purchases. It has been traded online mainly for speculation purposes.

Source: https://www.japantimes.co.jp/news/2017/10/18/national/crime-legal/manager-ripple-cryptocurrency-exchange-arrested-scam/#.WehWSztpFhH

[Smontiel]

where do I find it wallet XRP

https://www.exodus.io/eden/

I use this one and convert anything I want into Ripple - Don't have to go to the exchanges now to pick up some Rip's

It's the best one out there , by far

hi there, i have some ripples in bittrex, but when i try to send them to exodus eden it says invalid transaction, how can you send them without the tag? i dont find it in my exodus eden wallet

[TokenSchmoken]

Now it's dropped - back to old usual level - is it a good time to buy again?
Are we just going to see another sloooooooow rise and then fall back again and again??
I'm happy to hodl but it's getting frustrating

[styca]

ripple journey is a marathon not a sprint.

It certainly is, and many people don't realise this. I have great faith in the project and in the use and value of XRP. I am not planning on selling any time soon, and often buy more. A price swing of a few cents is irrelevant from a long-term perspective.

[MrDibbley]

ripple journey is a marathon not a sprint.

It certainly is, and many people don't realise this. I have great faith in the project and in the use and value of XRP. I am not planning on selling any time soon, and often buy more. A price swing of a few cents is irrelevant from a long-term perspective.

All my ripple sits on my hardware wallet awaiting that mystical day in the future where I can release it as a wave

[MemberBerries]

https://www.csbs.org/news/press-releases/pr2017/Pages/10192017.aspx

Washington, D.C. – Today the Conference of State Bank Supervisors (CSBS) announced that 33 financial technology companies have agreed to serve on the CSBS Fintech Industry Advisory Panel. The panel brings together state regulators and industry leaders, who will identify ways to help modernize the state regulatory system.

Reflecting a high level of interest, state regulators accepted a large number of companies – from start-ups to national brands – representing different industry sectors, geography, and business models. A full list appears below. Check here for any additional companies.

Albert Forkner, CSBS chairman and commissioner of the Wyoming Division of Banking, said: “State regulators want to listen to fintech leaders, take action to make the multi-state experience as seamless as possible, and ensure consumers and local economies reap the benefits of innovation. At the same time, we will preserve the essential financial safeguards and local perspective provided by the state regulatory system.”

The advisory panel will have three working groups: money transmission and payments; lending; and community banking and innovation. Panel members and state regulators will discuss existing pain points and identify opportunities to improve multi-state licensing and supervision. The panel will kick off with a conference call later this month.

The advisory panel is one key element of CSBS’ Vision 2020, a series of initiatives designed to forge an integrated, 50-state licensing and supervisory system for non-depository financial institutions, including fintechs, while ensuring safety and soundness and consumer protections.

CSBS Fintech Industry Advisory Panel members:

1. ACTIMIZE
2. AFEX
3. Affirm, Inc.
4. Alipay US
5. Amazon Payments, Inc.
6. Avant
7. BitPay, Inc.
8. Circle Internet Financial, Inc.
9. The Citizens Bank of Edmond
10. Common Bond
11. Enova International (NetCredit & CashNetUSA)
12. Envestnet | Yodlee
13. First Data Corporation
14. Funding Circle USA, Inc.
15. Green Dot Corp
16. IOU Financial
17. Intuit
18. Kabbage
19. LendingClub
20. LendingHome
21. LendUp, Inc.
22. LibertyX
23. Microsoft Payments
24. OnDeck Capital LLC
25. OneMain Financial
26. Oportun, Inc.
27. PayPal
28. Remitly, Inc.
29. Ripple
30. Seed
31. Servicio UniTeller, Inc.
32. Social Finance, Inc./SoFi Lending Corp.
33. Western Union




I just bought more