Why do people still buy ripple when...

[metalbean]

Why do people still buy ripple when we know that the owners have stored with them so much ripple from the beginning?

[Spoetnik]

I think it boils down to the majority of users here.
They simply came here to find a way to make money off this bullshit.
So when they see a "coin" being run buy a rich manipulator they see a money making opportunity.
They think the scammy assholes have the capability to hype it up and sucker in others etc.
So..
They are more than willing to turn a blind eye to any negative aspect of any coin.
Just so long as they make a small percentage of the scammy manipulators larger profit.

In other words the bad guys have learned long ago they can co-opt the public.
They can lure them into participating in any sleazy bad schemes by sprinkling around Bitcoin profits to the leeches.

Give 'em a pat on the head and throw 'em 50 cents and call them "Investors"  

That is what makes crypto go 'round.
That is what this shit over time has amounted to.
The dream itself is long dead and buried.

It is in fact a giant facade.. a charade for profits.

[Bitsky]

Why do people still buy ripple when we know that the owners have stored with them so much ripple from the beginning?

Why do people still buy bitcoin when we know that the early adopters have stored with them so much bitcoin from the beginning?

[mining1]

Agreed. BTC real usage ( currency and hedge against fiat devaluation ) is most likely anywhere between 0.1-2% of curent supply. The other 98-99.9% is used for speculation alone. Bitcoin has failed it's purpose, becoming a monetary system. Ofcourse, that doesn't mean people can't make money out of it, for like maximum 3 halvings, bitcoin will still be alive and it will be profitable to make money out of the greater fool. After that, it will become too expensive to mine and a 2-5k $ price, or whatever it will need to cost to keep mining profitable and therefore the network secure, won't be doable, more expensive = harder to pump, and the network hashrate will eventually drop and it will become cheap to attack it.
I think vitalik calculated somewhere on reddit that the curent cost to attack bitcoin would be ~20 million usd if im not mystaken. That being said, i will still buy bitcoins 1 year before the next halving, there's money to be made, short to medium term bitcoin is okay.

[Spoetnik]

Bitcoin ?

The topic is about Ripple guys.
So what you did was silently slip into comparison mode by having a jab at BTC.
Well guess what ? Ripple is no fucking Bitcoin and never will be.

I don't give a flying fuck if we later find out Bitcoin molested children...
It STILL won't exonerate Ripple or Ethereum or other bullshit scam coins 

I am equally if not more offended people have the nerve to compare closed source ICO scam coins to the mighty Bitcoin.

Don't you god damn dare assholes !
NOT on my watch there bucko 

[Ayers]

no one is buying ripple, the marketcap is so big because they keep adding more coin to the supply, just take a look at the supply is very very high

[alyssa85]

no one is buying ripple, the marketcap is so big because they keep adding more coin to the supply, just take a look at the supply is very very high

According to coinmarketcap, the 24 hour trading volume was about $936,000, so people are buying it, or rather trading it:

https://coinmarketcap.com/

As to why they are doing it - if they see an opportunity for a quick short-term profit, traders will buy literallu ANYTHING.

[nikkisnowe]

I have the sneaky suspicion that the majority of trade volume comes from the same Ripple developer(s) multiple exchange accounts to artificially keep the price high at the expense of a comparably very minor trade fee.

[Spoetnik]

I have the sneaky suspicion that the majority of trade volume comes from the same Ripple developer(s) multiple exchange accounts to artificially keep the price high at the expense of a comparably very minor trade fee.

Agreed and lets not forget if you but one coin for $100 then release 1000000000000000000 coins..
You get what now ?

[superduperjump]

Their audience is different than other crypto currencies. People only talk crap about something because they consider it a threat otherwise they would ignore.

Personally, all the negative hype around Ripple makes me want to buy some.  Contrarian always seems to be the best play in the strange world of crypto currency investments.

[Spoetnik]

Their audience is different than other crypto currencies. People only talk crap about something because they consider it a threat otherwise they would ignore.

Personally, all the negative hype around Ripple makes me want to buy some.  Contrarian always seems to be the best play in the strange world of crypto currency investments.

Yup.. me too.

It's like when i see people throwing up after eating dinner..
I instinctively think ..what were they eating exactly, i want some too !

Hey buddy with the noob account.. try again

Name:    superduperjump
Posts:    7
Activity:    6
Position:    Newbie
Date Registered:    January 01, 2017, 09:08:05 AM
Last Active:    Today at 10:42:38 AM

[nikkisnowe]

I don't laugh out loud at much I read on the internet, but the last post did it. 

[superduperjump]

Their audience is different than other crypto currencies. People only talk crap about something because they consider it a threat otherwise they would ignore.

Personally, all the negative hype around Ripple makes me want to buy some.  Contrarian always seems to be the best play in the strange world of crypto currency investments.

Yup.. me too.

It's like when i see people throwing up after eating dinner..
I instinctively think ..what were they eating exactly, i want some too !

Hey buddy with the noob account.. try again

Name:    superduperjump
Posts:    7
Activity:    6
Position:    Newbie
Date Registered:    January 01, 2017, 09:08:05 AM
Last Active:    Today at 10:42:38 AM

Are you the king of bitcointalk's altcoin discussion forum?  Congratulations, truly a wonderful accomplishment. You are probably the reason everyone tells me bitcointalk.org is crap and I shouldn't even take it seriously.

But your reply was pretty good

[metalbean]

no one is buying ripple, the marketcap is so big because they keep adding more coin to the supply, just take a look at the supply is very very high

According to coinmarketcap, the 24 hour trading volume was about $936,000, so people are buying it, or rather trading it:

https://coinmarketcap.com/

As to why they are doing it - if they see an opportunity for a quick short-term profit, traders will buy literallu ANYTHING.

Holy crap, the trade volume is so low that a few boyscouts can manipulate it.

Having said that, the true question I wanted to ask was, is there something we don't understand about Ripple. At least for myself I learn new things daily trading crypto so is there something about Ripple that is signigicantly different that the owners have to own so much, or that it's trading volume is so low. Or rather its like many speculated - short term profit by founders.

[robelneo]

Why do people still buy ripple when we know that the owners have stored with them so much ripple from the beginning?

I used to big supporters because they had a long list of credible names in the industry,but as I go along and learn a lot about decentralization I left them,because they still control of everything here,the huge premine s another thing without offering back to it's investors,I'm still wondering why they are still on top..

[Spoetnik]

Imagine sitting on many millions of dollars for a day or two or a week etc.
Imagine what you could do with it in the financial world.
Me ? I'd probably pump a coin then trickle dump it on all you greedy sucker kidiot profiteers.

Then if i had time i'd do the dead cat bounce..
Then when the week was up i would put the money back so everyone could see the premine is still there where it should be.

Then..

Imagine having all that money and having no oversight or accountability what so ever for years on end.
Ripple ? Sounds a lot like pretty much an premine now doesn't it ? LEO Coin ? LOL

There is a reason why traditional banks pay you interest to store money in the bank
and why they harass you so damn hard to do it !

Altcoin Scene.. inspiring trust since 2012 !

[bbc.reporter]

Why do people still buy ripple when we know that the owners have stored with them so much ripple from the beginning?

Because they hope that they will make a profit if the price goes up. Or maybe they are still newbies and they are still attracted with the way the technology is marketed without knowing Ripple's flaws and history. Later in their cryptocoin journey they will soon realize that they are really bitcoiners.

[maku]

Agreed. BTC real usage ( currency and hedge against fiat devaluation ) is most likely anywhere between 0.1-2% of curent supply. The other 98-99.9% is used for speculation alone. Bitcoin has failed it's purpose, becoming a monetary system. Ofcourse, that doesn't mean people can't make money out of it, for like maximum 3 halvings, bitcoin will still be alive and it will be profitable to make money out of the greater fool. After that, it will become too expensive to mine and a 2-5k $ price, or whatever it will need to cost to keep mining profitable and therefore the network secure, won't be doable, more expensive = harder to pump, and the network hashrate will eventually drop and it will become cheap to attack it.
I think vitalik calculated somewhere on reddit that the curent cost to attack bitcoin would be ~20 million usd if im not mystaken. That being said, i will still buy bitcoins 1 year before the next halving, there's money to be made, short to medium term bitcoin is okay.

I feel that as soon some problematic question about altcoin "X" are asked the best line of defense is always attacking bitcoin.
Give bitcoin a rest, show me a coin which achieved better customer adoption or recognition.
Bitcoin is not ideal cryptocurrency from the technical point of view - but everything created after it, is even worse, because it wasn't created for people - it was created for money.
People say that Satoshi owns shitload of BTC, yes that is true - but he didn't touch any of it...

[metalbean]

People say that Satoshi owns shitload of BTC, yes that is true - but he didn't touch any of it...

Satoshi didn't touch any of it. Charles didn't touch any of it. Vitalik sold 25% of it, and ETH founders are basically owning the majority of it from the start.