[XRP] Ripple Speculation

[mich]

Ripple’s XRP Sales Down 73% in Q3 Compared to Previous Quarter 

Blockchain payments network Ripple has announced that it sold $66.24 million worth of XRP in Q3 2019 — down a staggering 73.66% compared to the record sale worth of $251.51 million in the previous quarter.

https://cointelegraph.com/news/ripples-xrp-sales-down-73-in-q3-compared-to-previous-quarter

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[vsyc]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

No

What do you mean "used on Ripple"? Ripple is a company, RippleNet is where transfers of XRP happen...if worker from USA is sending money
to family in Mexico through Moneygram, it utilizes RippleNet, but Ripple as a company has nothing with it

Ripple as a company:
- Controls GitHub of XRPL
- Maintains XRPL and introduces features
- Maintains stable infrastructure to run XRPL reliably
- Maintains default UNL that most validators blindly trust
- has RippleNet that runs on all of the above uses XRP on demand
- Possess most of XRP that either belongs to Ripple, to entities that have contracts with Ripple, where Ripple is acting as VC, or as donator, or as wrv by giving XRP to support venture.

Its naive to say that Ripple has nothing to do with XRP.

You should carefully read whole discussion once again 

And what should I find new there that will make me think differently?

[Branko]

And what should I find new there that will make me think differently?

I don't think you should think differently, just that you're responding to wrong post.
Your answer has nothing with my post, in fact I agree with your post

[posi]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

You actually understood that part wrongly because Ripple and XRP are definitely connected for they're both the project of RippleNet, XRP is their centralized asset while Ripple is responsible for innovating and new technology or security creation.

[JollyGood]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

You actually understood that part wrongly because Ripple and XRP are definitely connected for they're both the project of RippleNet, XRP is their centralized asset while Ripple is responsible for innovating and new technology or security creation.

I know what the connection between Ripple and XRP is. I was referring to the article, asking if it was written with errors of if it had no errors and I misunderstood it.

[RivAngE]

Ripple CEO: Our Transparency Has Opened Us Up to Attack

“10 or 100x more transparent than anyone else in crypto”

https://cointelegraph.com/news/ripple-ceo-our-transparency-has-opened-us-up-to-attack

Interesting article. One of the thing that stood got me was this quote: "Overall, Garlinghouse estimated that Ripple sells XRP at 10 basis points of daily market volume — i.e. 99.9% of XRP volume is not connected to Ripple"


That is simply astonishing because effectively it means people are trading XRP but it is not being used on Ripple (ie for transations).

Have I understood that part correctly?

Though I cannot comment on the exact numbers nor do I know how did they come up with those percentages, there's one thing I know.
Ripple doesn't sell XRP on the market (meaning, through exchanges), instead they offer them to their customers as part of their deals.
I believe this has a positive effect to the overall price, though their customers might be able to sell their XRP at some point... I don't know!

[Angrydwarfs]

Why are banks so hesitant to use xrp? I'm not talking about ripple . Why don't they use the token?

[Branko]

Why are banks so hesitant to use xrp? I'm not talking about ripple . Why don't they use the token?

Politics...you can't work with banks as you deal with ordinary companies, its obvious Ripple
has better product than SWIFT, but until all the stuff behind the scene is negotiated, it
won't gain traction no matter how technically superior it is

[Angrydwarfs]

Not sure what you mean, why cant u work with banks? Serms like they arent interested in xrp to me.

[Branko]

Not sure what you mean, why cant u work with banks? Serms like they arent interested in xrp to me.

Ghadaffi did not want to work with IMF; and look what happened to him
SWIFT transfers 5 trillion USD daily...you really mean someone will give someone
control over that just like that?
Maybe you're American and live under illusion of "free market", but reality is
something else

[Angrydwarfs]

You made my point for me, do you really think trillions are going to flow through a centralized shitcoin? , making the ripple hierarchy extremely rich. Your dreams of adoption focus on the entire wealth of the world flowing through xrp which is beyond deluded. Banks trust swift for a reason. Swift have been adapting if u didnt notice, several cryptos are going to improve their throughput.

[Branko]

You made my point for me, do you really think trillions are going to flow through a centralized shitcoin? , making the ripple hierarchy extremely rich. Your dreams of adoption focus on the entire wealth of the world flowing through xrp which is beyond deluded. Banks trust swift for a reason. Swift have been adapting if u didnt notice, several cryptos are going to improve their throughput.

You mean,SWIFT tried to adapt and failed? Of course Ripple people will become extremely rich, you just made point for me.
I already said when things are settled behind the scene (read: when its decided who will get what part of cake) then
XRP will start to flourish

https://www.theblockcrypto.com/linked/10860/swift-claims-blockchain-isnt-the-answer-and-their-payment-tracking-tech-could-threaten-ripple

SWIFT is laughably prone to errors, 1 in 200 transactions go wrong

https://companies.bnpparibasfortis.be/en/article?n=1-in-200-international-payments-go-wrong-somewhere-along-the-line

[senne]

XRP has been in green for consecutively 3 weeks now because of its new partnership with the world's third largest fintech company, Finastra. This week there could be a correction. Well 20 week EMA is flattening which shows that bulls are winning over bears. For long term hodl, the next resistance is at $0.50. If XRP crosses that, then price can easily go as high as $0.7. But if the trend is invalidated, Price can fall to $0.25 which has low probability.

[AliErkic]

I think theres no reason to argue with shitposters like AliErkic, as he's obvious troll

LOL calling me a shitposter.  
Wait - who is banned from wearing a signature because of plagiarizing? LOL you are funny guy!

 

.

LOL you are biggest moron! Explain why you don't see ripple devs dumping xrp shitcoins? Why is ripple centralized? Why are xrp shitcoins useless? NO arguments because you don't realize ripple's fail and you are ripple bagholder!! Get a kebab it might cure your stupidity (maybe).

My ban and you been shitposter have no causaility between them, so you can't think logically
(which is obvious from your total lack of clue about XRP)

I've enough knowledge of xrp to avoid falling for it.


Good read: https://twitter.com/ponzijohn

XRP scam continues small pump artificially made by garlingcrook and ripple labs before another hard dump that will lead xrp to lower lows 0.20$ will be there before 2020

https://twitter.com/PonziJohn/status/1184143995619942401

R.I.P PeoPLE who bought XRP lollll
Ripple use their scam coin to dump billion dollars and invest in companies, they grow up and investors become poorer

https://twitter.com/PonziJohn/status/1178210823648550914

[MemberBerries]

Poster above = full blown mental gymnast

[RivAngE]

You made my point for me, do you really think trillions are going to flow through a centralized shitcoin? , making the ripple hierarchy extremely rich. Your dreams of adoption focus on the entire wealth of the world flowing through xrp which is beyond deluded. Banks trust swift for a reason. Swift have been adapting if u didnt notice, several cryptos are going to improve their throughput.

To be honest, banks tend to build their own stuff instead of using 3rd party solutions. I'm thankful they at least use Microsoft Office in their computers!

For example SWIFT was developed by banks for the banks.
For this reason, I don't expect a crazy XRP adoption by banks, at most I'm expecting some trial usage and if they like it, they'll create their own, centrilized blockchain instead of using a decentralized one like XRP.

Personally I'm seeing value in FinTech companies which seems to be choosing XRP so far. More and more collaborations are being announced and that's great!

[mich]

Ripple Makes Sets Up Shop in United States Capital
The San Francisco-based company behind the XRP cryptocurrency has opened offices in the United States capital. This makes Ripple Labs the first company focused on blockchain technology to have a regulatory team in Washington, DC.

https://www.newsbtc.com/2019/10/22/ripple-makes-sets-up-shop-in-united-states-capital/

[Branko]

Ripple looks pretty bullish currently, by my unorthodox TA methods 

[mich]

XRP crashes 10 percent in a bad day for the crypto market
Ripple’s XRP suffered more than most top-10 cryptocurrencies by market cap today in a market crash that dropped the price of Bitcoin below $7,500 per coin.

https://finance.yahoo.com/news/xrp-crashes-10-percent-bad-211342416.html

[Angrydwarfs]

Ironic that that's a Yahoo finance article,  the very same Yahoo finance brad was caught being a slimeball.