[XRP] Ripple Speculation

[RivAngE]

Still have some of my XRP position opened since the 2500 area or so. Only XRP trade of this year that ended up in profit. Already took partials. Was going to close however it looks like we can probably reach 5000 sats since ETHBTC and LTCBTC look like they are ready for a break out.

Another indicator is that the BTC dominance is slowly going down and during some moves it seems that whales are dumping BTC for alts. A few weeks ago there was a massive dump on BTC because some whale bought tons of ETH by selling his BTC.

Looks like we might finally get the alt season, however no idea how large it will be. Probably nothing like 2017.

I'd say it's a bad timing to close your XRP positions now, XRP has lagged behind the last months and it should break out any time now, outperforming Ethereum and other alts.

Why has it lagged behind? It has very little demand or usage unlike ethereum

Ethereum is being hyped for the upcoming change to PoS sometime in the near future. Once this is done and in the past, it'll drop like a rock.

Also don't misunderstand how the Ethereum's value works. Just because it's used for d-apps, it doesn't mean new money are constantly flowing in it.
For example a 100 gamers are buying Ethereum to use in a game and the Ethereum they're buying from the market are given to the developers. Those developers can choose to dump Ethereum just as much as any other holder.
Unless more users/players join the network and buy Ethereum, a simple spark can unleash a big selloff.

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[suzanne5223]

Every crypto in the market experience surge in price during the bull run you mentioned and my advice to you if you really want make good return from your investment. Don't choose centralized coin no matter the endorsement they had received or about to.

So, no BTC, since its totally China controlled?

Neither BTC nor XRP is control by the Chinese and I don't said no BTC. Could you be more specific with what you mean because i don't really understand your point.
Thank you.

When I read what you said about Ripple news, I don't really agree with you. XRP is present in a lot of market place. Thus, its value should be exponentially moved in one way or another by these "news", that for the actual cryptocurrency situation, are far from being bad (99% of available cryptocurrency owners would cut their balls for this kind of partnership). I have considered buying XRP since I started investing in cryptocurrencies, but I have been waiting for it to fluctuate or respond to any of these positive news, which it hasn't done for the moment. I am still not understanding why it is not responding positively to these news in terms of value, maybe you have got some ideas?

Like you I also am struggling to understand why the news and announcements no matter how positive are not pushing the XRP price higher.

It has so much potential and for such a low price and still be the third largest by market capital only behind Ehtereum and Bitcoin says a lot.

The surge in price of cryptocurrency in the market are not measure by the good news and announcement cause once an altcoin is centralized the big fish in the game can force control the price as they wanted.
Meanwhile, trust matter the most in every business setting and you can't expect a crypto which is not trusted by the community to make good surge in price.

It has that impressive run around 2 years when the price hit around $3.60 but since that bull-run it really did not have much going for it. I hope it finishes the end of year on a high note rather than still be near the sub $0.30 mark.

Every crypto in the market experience surge in price during the bull run you mentioned and my advice to you if you really want make good return from your investment. Don't choose centralized coin no matter the endorsement they had received or about to.

I will always think this XRP is manipulated heavily because its been seen to be used by banks as they claimed and the manifestation starts with this moneygram already. Although price may go up, you will have to deal with the stressful price which will not make you money if you are a small trader. I think the only reason why its still relevant for some is because of small transaction fee when using XRP.

XRP is certainly manipulated but people are mistaking things because the XRP partnership with moneygram does mean investors will get something good out of it.

[electronicash]

I have to admit that even if I don't like that centralization and banks involvement in RIPPLE I started to use it for transactions whenever this possible because it is so far the cheapest and fastest altcoin for this purpose. At the begin of 2018, I was using Litecoin for my transactions and later BCH for a while but in the last months, I use only XRP because it is listed on every exchange.

Now we can assume that I am not the only one who chooses XRP and I wonder why the price is not spiking together with the volumes. We should see both of them growing taking into consideration how many people use already XRP.

Still, there is a lack of adoption like merchants for Ripple, cards, ATMs and all the rest which makes from other altcoins of real payment solutions. I don't if this is even planned for Ripple but I think it would bring XRP closer to normal people and not only traders who use it to transfer money between exchanges in a cheap way.

it has found its way to the hearts of users who wants to withdraw coins for cheaper fee. but don't let ripple love fool you, just look what happen now. for several dumps the price of XRP didn't follow the trend but the least you expect if goes down. you'd better exhcange it again to BTC after sending your XRP to anther exchange. i guess we can all share how XRP is going to be used from now on.

[Branko]

Every crypto in the market experience surge in price during the bull run you mentioned and my advice to you if you really want make good return from your investment. Don't choose centralized coin no matter the endorsement they had received or about to.

So, no BTC, since its totally China controlled?

Neither BTC nor XRP is control by the Chinese and I don't said no BTC. Could you be more specific with what you mean because i don't really understand your point.
Thank you.



XRP is certainly manipulated but people are mistaking things because the XRP partnership with moneygram does mean investors will get something good out of it.

https://thenextweb.com/hardfork/2018/10/08/china-means-intent-destroy-bitcoin/


"Chinese mining pools control Bitcoin
The paper establishes its thesis by proving the Bitcoin mining ecosystem has become “heavily centralized.”
Cryptocurrency miners have banded to such an extent that “over 80 percent of Bitcoin mining is performed by six mining pools,”
with five of those managed directly by individuals or companies based in China."

[RivAngE]

Every crypto in the market experience surge in price during the bull run you mentioned and my advice to you if you really want make good return from your investment. Don't choose centralized coin no matter the endorsement they had received or about to.

So, no BTC, since its totally China controlled?

Neither BTC nor XRP is control by the Chinese and I don't said no BTC. Could you be more specific with what you mean because i don't really understand your point.
Thank you.



XRP is certainly manipulated but people are mistaking things because the XRP partnership with moneygram does mean investors will get something good out of it.

https://thenextweb.com/hardfork/2018/10/08/china-means-intent-destroy-bitcoin/


"Chinese mining pools control Bitcoin
The paper establishes its thesis by proving the Bitcoin mining ecosystem has become “heavily centralized.”
Cryptocurrency miners have banded to such an extent that “over 80 percent of Bitcoin mining is performed by six mining pools,”
with five of those managed directly by individuals or companies based in China."

This... And if we're to choose between the two, let me ask... which is more dangerous for the ecosystem?
 - A chain centralized around greedy miners whose main (only?) purpose is to make a profit,
 - Or a chain centralized around its main developers and supporters?

[mich]

Another Major Remittance Deal For Ripple: a Variable in Short Term XRP Price Trend?

SBI Ripple Asia has just confirmed that it will be working with SBI Remit and Vietnam’s TPBank to facilitate remittance payments between Japan and Vietnam. The partnership will enable near-instant, low cost payments using the collaboration between Ripple Labs and SBI Holdings, RippleNet.

https://www.newsbtc.com/2019/11/15/another-major-remittance-deal-for-ripple/

[wwzsocki]

it has found its way to the hearts of users who wants to withdraw coins for cheaper fee... you'd better exhcange it again to BTC after sending your XRP to anther exchange. i guess we can all share how XRP is going to be used from now on.

And this is exactly what I do actually and only use it for transactions because let's be honest is the fastest and cheapest option right now.

As I said there is a lack of additional products for XRP like cards, ATMs, etc. and that is why I am only using it for transfer and sell immediately just after.

Of course, a couple of times I have bought XRP to speculate on the price and that's it as for now. So XRP is used for transfers and speculation actually we can assume.

I think this can help to bring more adoption:

Coinbase Card Adds XRP and Launches in 10 More European Countries

Coinbase’s Visa debit card has expanded support for five more cryptocurrencies in ten new jurisdictions, the firm announced in two separate tweets on Nov. 14. Launched in April 2019, Coinbase Card now supports a total of nine cryptocurrencies in 29 countries in Europe.
https://cointelegraph.com/news/coinbase-card-adds-xrp-and-launches-in-10-more-european-countries

This is really big news for XRP and exactly what Ripple project needs right now, which is more use cases and wider adoption.

Of course, if XRP will finally be used by 95% of traders for 90% of their transfers and additionally by crypto enthusiasts and hodlers, then this could also give the fuel needed for the price to spike.

We can not forget how LTC finally spiked when BTC and ETH were too expensive at the time of the bubble in 2017 and additionally both Bitcoin and Ethereum suffered network congestions. Litecoinstartedtobe used for transactions because was one of the fastest and cheapest at this time additionally there was no problems with the network and LTC was listed on all exchanges which is very important too.

Today XRP is slowly becoming the coin for transactions and only this should be enough to see some positive price changes.

[ðºÞæ]

Another Major Remittance Deal For Ripple: a Variable in Short Term XRP Price Trend?

SBI Ripple Asia has just confirmed that it will be working with SBI Remit and Vietnam’s TPBank to facilitate remittance payments between Japan and Vietnam. The partnership will enable near-instant, low cost payments using the collaboration between Ripple Labs and SBI Holdings, RippleNet.

https://www.newsbtc.com/2019/11/15/another-major-remittance-deal-for-ripple/

Let me tell you a little secret, in the develop world cryptocurrency exist. Its magic, you can transact person to person (like handing over cash to someone) but the other peer can be anywhere in the world, all done  with a app, no third party needed, its only a matter of time before it reaches your part of the woods too.

[mich]

Three XRP subreddits you should follow

Ripple (XRP) is making a name for itself as one of the most relevant cryptocurrencies in the market today.
With a current market cap of almost $12 billion, it is the third-largest cryptocurrency by market value.

https://finance.yahoo.com/news/three-xrp-subreddits-100027105.html

[ePesoInitiative]

Three XRP subreddits you should follow

Ripple (XRP) is making a name for itself as one of the most relevant cryptocurrencies in the market today.
With a current market cap of almost $12 billion, it is the third-largest cryptocurrency by market value.

https://finance.yahoo.com/news/three-xrp-subreddits-100027105.html

 I just love the enthusiasm of the XRP army. I don't hold any XRP but I will trade it when the time comes. I strongly believe that Ripple will be one of the leading altcoins with the most volume in the coming of the altcoin season.

[JollyGood]

I just love the enthusiasm of the XRP army. I don't hold any XRP but I will trade it when the time comes. I strongly believe that Ripple will be one of the leading altcoins with the most volume in the coming of the altcoin season.

Yes you are right, there are many XRP holders who are sure their investment will come good. It is just a matter of time.

[tianglistrik]

I just love the enthusiasm of the XRP army. I don't hold any XRP but I will trade it when the time comes. I strongly believe that Ripple will be one of the leading altcoins with the most volume in the coming of the altcoin season.

Yes you are right, there are many XRP holders who are sure their investment will come good. It is just a matter of time.

xrp does have long-term potential, and sometimes it can also be profitable in short-term investments. the most important thing is that you understand the investment technique, because xrp is one of the coins that has a great opportunity in the market

[RivAngE]

Three XRP subreddits you should follow

Ripple (XRP) is making a name for itself as one of the most relevant cryptocurrencies in the market today.
With a current market cap of almost $12 billion, it is the third-largest cryptocurrency by market value.

https://finance.yahoo.com/news/three-xrp-subreddits-100027105.html

 I just love the enthusiasm of the XRP army. I don't hold any XRP but I will trade it when the time comes. I strongly believe that Ripple will be one of the leading altcoins with the most volume in the coming of the altcoin season.

That's an interesting perspective, you believe it'll have a leading position but you want to wait for a better time to trade it?!
Don't you think it's close to a bottom, if it has not already hit bottom? Do you have a specific price in mind or are you judging if the time to buy is right or not based on every day data?

[mich]

New Ripple-Based Remittance Service Launching – Will Crypto Asset XRP Be Utilized?

SBI Ripple Asia and SBI Remit, a cross-border funds transfer platform that operates as a subsidiary of the Japanese financial giant SBI Holdings, are launching a new payments service between Japan and Vietnam.

https://dailyhodl.com/2019/11/18/new-ripple-based-remittance-service-launching-will-crypto-asset-xrp-be-utilized/

[Branko]

New Ripple-Based Remittance Service Launching – Will Crypto Asset XRP Be Utilized?

SBI Ripple Asia and SBI Remit, a cross-border funds transfer platform that operates as a subsidiary of the Japanese financial giant SBI Holdings, are launching a new payments service between Japan and Vietnam.

https://dailyhodl.com/2019/11/18/new-ripple-based-remittance-service-launching-will-crypto-asset-xrp-be-utilized/

It should, I posted link to their presentation few days ago

https://bitcointalk.org/index.php?topic=1381669.msg52938617#msg52938617

[Cnut237]

I understand the distinction between Ripple and XRP, and it is certainly true that XRP has its own fair share of good news, along with Ripple... but that rarely if ever seems to translate into the sort of price movement we would see for other coins.
Not sure why this is, or how much the token-dumping by Ripple plays a part... but regardless, XRP still has a really solid use case and looks good for the long-term.

[Branko]

I understand the distinction between Ripple and XRP, and it is certainly true that XRP has its own fair share of good news, along with Ripple... but that rarely if ever seems to translate into the sort of price movement we would see for other coins.
Not sure why this is, or how much the token-dumping by Ripple plays a part... but regardless, XRP still has a really solid use case and looks good for the long-term.

My guess: really really rich people see potential, and manipulate price so they could buy large amounts cheap

[Cnut237]

I understand the distinction between Ripple and XRP, and it is certainly true that XRP has its own fair share of good news, along with Ripple... but that rarely if ever seems to translate into the sort of price movement we would see for other coins.
Not sure why this is, or how much the token-dumping by Ripple plays a part... but regardless, XRP still has a really solid use case and looks good for the long-term.

My guess: really really rich people see potential, and manipulate price so they could buy large amounts cheap

This could certainly be the case given that banks are the principal target users, so not necessarily just rich people buying as individuals, but also people buying as representatives of banks.

[JollyGood]

I understand the distinction between Ripple and XRP, and it is certainly true that XRP has its own fair share of good news, along with Ripple... but that rarely if ever seems to translate into the sort of price movement we would see for other coins.
Not sure why this is, or how much the token-dumping by Ripple plays a part... but regardless, XRP still has a really solid use case and looks good for the long-term.

I agree with you but the problem is that the price though is not reflecting that scenario.

By now it really should have broken the $1 barrier but that along with its all time high of approximately $3.60 during the bull run of end 2017/early 2018 seems a long way away

[Trela]

I just love the enthusiasm of the XRP army. I don't hold any XRP but I will trade it when the time comes. I strongly believe that Ripple will be one of the leading altcoins with the most volume in the coming of the altcoin season.

Yes you are right, there are many XRP holders who are sure their investment will come good. It is just a matter of time.

You are right, but it still depends on the price when they start holding XRP. For example, for those who have kept it from the price of $ 1 and are still waiting for the price of XRP to return to $ 3, in my opinion, it is not an investment, it is merely speculation.

I understand the distinction between Ripple and XRP, and it is certainly true that XRP has its own fair share of good news, along with Ripple... but that rarely if ever seems to translate into the sort of price movement we would see for other coins.
Not sure why this is, or how much the token-dumping by Ripple plays a part... but regardless, XRP still has a really solid use case and looks good for the long-term.

I agree with you but the problem is that the price though is not reflecting that scenario.

By now it really should have broken the $1 barrier but that along with its all time high of approximately $3.60 during the bull run of end 2017/early 2018 seems a long way away

I guess the XRP price could break the highest price of all time as long as the price of Bitcoin rises to $ 50,000 in the future. I don't want to guess the time because it's never accurate.