Why is Ripple not getting pumped like every other coin at the moment?

[namini]

There is a finite number of XRP, no more can be created, you can check distribution here:
https://ripple.com/xrp-portal/

Because there is no mining, XRP are distributed over time (sold). When you see +200millions distributed it's actually a good news and means a whale bought a lot. XRP price is historically pretty stable around $0.006

Ripple announced a proof of concept with Bank of England yesterday:
http://www.telegraph.co.uk/business/2017/03/17/bank-england-trials-artificial-intelligence-blockchain-bid-stay/

[namini]

Not a lot of people know Ripple. I follow Ripple for a long time and I've yet to figure if they don't promote Ripple on purpose (because they're aiming for institutions) or they just sux at communication.

Also for a long time, Ripple had a bad reputation in the cryptosphere: centralised (arguable), scam (I still read this in 2017..), can generate new XRP (wrong), manipulate market cap & dump XRP (no mining, of course market cap rise when they sell XRP).

Idk, maybe they got tired trying to dismantle the myths and receiving no love but hate from the crypto sphere, but can't say they really tried to embrace the community either.

[namini]

and yet the price didn't increase, that's not a good sign.

They also announced completion of a trial with 47 Japanese banks few days ago among other news..
http://www.sbigroup.co.jp/english/news/pdf/2017/0302_a_en.pdf

They keep it quiet, of course nothing say what role XRP will play in integrations with banks. I know a lot of people don't like Ripple XRP because it's a "bank coin" and also for the reasons I mentioned in my previous post. Idk, I'm not clever than anyone else, we'll see what happen.

[bbc.reporter]

I would have prefer why do people trade Ripple, because one  day you wake up and found out another 300 million tokens have been added to the market. I will pick doge over this token any day

Yes. They did it before when litecoin came back to no. 2 at coinmarketcap.com. Ripple's price was not doing anything at that time and was not showing that it will rise back up. The next day Ripple added more of their coins in the market adding another few million in their market cap over taking litecoin. It was very controversial.

[namini]

Well I tried to explain it 4 posts above:

Because there is no mining, XRP are distributed over time (sold). When you see +200millions distributed it's actually a good news and means a whale bought a lot.

Distribution figure is updated every week:
https://ripple.com/xrp-portal/

https://www.xrpchat.com/topic/1864-xrp-distribution-update/

[Spoetnik]

Bank integration does not turn me off.. *IF* it's with an open source properly & fairly distributed crypto currency.

All i see with Ripple is schemer's incorporated who launched an ICO coin and will never back down and give up.
They will push this scheme coin to the end of humanity.
So far a lot of the public has been smart and stayed away from it.
But everyone has their price..

Cryptsy bad mouthed it and refused to add it for the first year or two as it sat on Cryptsy's coin-adding voting page.
But eventually Cryptsy caved in and added it anyway.. money talks !

Back then i was amused how they had more votes then the other 100 coins on the list combined.
And each user got 1 free vote.. the rest had to be paid for with money !
Ripple was #1 on that list for ages  

So yeah these scheming fuckers aren't going anywhere.
They started a BUSINESS and they plan on turning a profit.
Their agenda is to sucker in fools into buying into the pyramid scheme.

..don't be low hanging-crypto fruit people.

How many of you would buy them if the coin was getting pumped and you could profit ?
Would you care that it violates the ideology and spits on the spirit of crypto ?
I seriously don't think the majority in crypto cares one bit.

Profit is all that matters.. any instamine or what ever will be overlooked in a heart beat when the coin hits $100.

Altcoins = scammy joke.
And more so because of the PEOPLE ..not the actual coins.

Don't forget Ripple made history.. first scammy ICO and first coin / company to get fined by FiNCEN  

[cerejobastos]

I believe Ripple is only talked about because it is in the top 10!
I have never read anything good about it and in fact its only in top 10 because of its huge amount of coins not its value.
RIP

[bbc.reporter]

Bank integration does not turn me off.. *IF* it's with an open source properly & fairly distributed crypto currency.

All i see with Ripple is schemer's incorporated who launched an ICO coin and will never back down and give up.
They will push this scheme coin to the end of humanity.
So far a lot of the public has been smart and stayed away from it.
But everyone has their price..

Cryptsy bad mouthed it and refused to add it for the first year or two as it sat on Cryptsy's coin-adding voting page.
But eventually Cryptsy caved in and added it anyway.. money talks !

Back then i was amused how they had more votes then the other 100 coins on the list combined.
And each user got 1 free vote.. the rest had to be paid for with money !
Ripple was #1 on that list for ages  

So yeah these scheming fuckers aren't going anywhere.
They started a BUSINESS and they plan on turning a profit.
Their agenda is to sucker in fools into buying into the pyramid scheme.

..don't be low hanging-crypto fruit people.

How many of you would buy them if the coin was getting pumped and you could profit ?
Would you care that it violates the ideology and spits on the spirit of crypto ?
I seriously don't think the majority in crypto cares one bit.

Profit is all that matters.. any instamine or what ever will be overlooked in a heart beat when the coin hits $100.

Altcoins = scammy joke.
And more so because of the PEOPLE ..not the actual coins.

Don't forget Ripple made history.. first scammy ICO and first coin / company to get fined by FiNCEN  

This is true. But I like the technology and the idea they have made and I really wish they thought of fair distribution first and foremost.

Here is my question for the people who know how Ripple works. Would it be possible for the platform to run without XRP? Instead of making a native currency, can bitcoin be used if someone created a payments platform like Ripple?

[Sukrim]

Here is my question for the people who know how Ripple works. Would it be possible for the platform to run without XRP? Instead of making a native currency, can bitcoin be used if someone created a payments platform like Ripple?

Yes and no.

The decentralized market of Ripple (the network) on top of Bitcoin makes no sense, since confirmations are far too slow and miners can choose what gets in their blocks exclusively. Using BTC to pay for transactions in a Ripple-like network that is off-chain is already in the works for quite a while now (caleld "Lightning network"), though its functionality is rather targeted towards transferring a single asset, not facilitating markets.

A pure decentralized market like Ripple could maaaaybe then on top of the quick transactions of Lightning use off-chain Bitcoin microtransactions instead of XRP as the neutral currency.

To enable Lightning though, one first needs to solve the malleability problems, which are part of SegWit, which is not very popular right now. Bitcoin development seems to have ground to a near stop in the past few years, so I'm not surprised that most platforms seem to prefer to issue native tokens instead of building on top of BTC.

[bbc.reporter]

@Sukrim. Thank you for the clear response and explanation. You also mentioned that Bitcoin development seems to have ground to a near stop in the past few years, is this true? I though it was the most developed cryptocoin out there and that the core development team is one of the most active. 

[AusKipper]

Why isn't Ripple getting pumped?

Why is a centralized trash coin in the top 100 on coinmarketcap? I think that's the real question.

[cryptogear]

90% of the supply is in Ripple HQ's hands. Plus they can flood the market with as many coins they want.

[namini]

not 90%, approximately ~62%
https://ripple.com/xrp-portal/

It is not in their interest to crash the market.

[namini]

XRP tends to move between .0055 and .0075 but if you're not after a quick profit, I would say hold.

[fkod]

I think it is related with market dynamics. XRP has very potantial.

But need to wait patiently as in all other coins.

Bitcoin is weak and tihs factor have great advantage for XRP.

[Spoetnik]

not 90%, approximately ~62%
https://ripple.com/xrp-portal/

It is not in their interest to crash the market.

United States of American Chairman of the Federal Reserve told his council that EXACTLY long ago.
He was dead wrong and the entire fucking planet was plunged into a mass recession we are still feeling the effects from TODAY !

Later Greenspan admitted he was 100% wrong.
He went from being deemed the Money-God gracing the cover of Time magazine.
To the laughing stock who fucked up the US economy and put a shitload of people on the street.

Ripple inc. is a business.
It is in the interest of any business to turn a profit.
What is stopping them ?
Well FiNCEN for starters but not much more than that.  

Ripple incorporated ?
I would easily trust Microsoft or Facebook or Google or Amazon etc before i trusted them.
And i should not have to..
We are here for decentralized open-source digital currencies..
Not.. a company to be formed making private ICO coins for profit.

Ripple takes a fat steaming shit all over the very essence of the crypto ideology we all support.
The only people who would support it have sold out for money.

Ripple may be the VERY last coin in all of crypto history i ever touch.
I'd sooner go out and light my cash money on fire before supporting their bullshit inc.

[Raxitto]

The Ripple system is not an altcoin, although there is an altcoin called ripple (XRP) inseparable from it. Ripple was developed with the purpose of connecting the different payment systems. It is not intended to be a substitute for Bitcoin, but rather to make Bitcoin and other altcoins more accessible to the general public. An important difference from Bitcoin is that Ripple allows you to have access to all the information in an account, not just the transactions made.
So nothing can stop it now.

[phr0stbyt3]

Do you actually know the meaning of pump. The price of these crypto currencies basically increase id people actually purchase the coin it works just like a stock market if you saw eth market cap increased so the price increased. If you have some 10 million dollar then invest in ripple the price will surely increase.

[Cocotier]

Because Ripple is not a an altcoin but a bankster toy. It interests no one, because you can not fool people by saying : "I have an usefulness inovative technology !".

[namini]

Ripple is a network, it existed before Ripple -the company- continue its (open source) development:
https://ripplepay.com