Is ripple still viable?

[johk02]

Hi,

If I understand it correctly Ripple proposition is to tackle the issue with large scale transaction volumes.
Now when Bitcoin themselves are looking into theses issues - > that this suggest that Ripple might loose its edge?

JH

[pawanjain]

My opinion is double minded. Ripple wont lose its edge because its partnering with banks and helping banks to make the transaction faster. So Ripple has its value there and can rise up in future and i think it has the potential and thats why its the third position in the coinmarketcap list. But i feel a little down when i see Ripple losing it value day by day . Its price has come to half in just in a month and i feel horrible for this as i have invested some in Ripple.

[SonyEricSon]

The supply of ripple is too much, so I'm sure this coin will not go up too much, 100 billion is a crazy supply, they have to put up a lot of money to pump this coin

[wonkacoin]

I feel Ripple is still a good coin. It is by far still the fastest coin transactions I have ever had. I also see many other coins like Sia, and DGB falling in price as well.

[styca]

Hi,

If I understand it correctly Ripple proposition is to tackle the issue with large scale transaction volumes.
Now when Bitcoin themselves are looking into theses issues - > that this suggest that Ripple might loose its edge?

JH

Bitcoin is not a competitor for Ripple. Ripple's target market is international cross-currency banking transfers. Their prospects in my opinion are extremely good. Their tech is unmatched, and at present they have no real competitors. There is absolutely no way that bitcoin could move into this space.

[peter12281]

Considering the cost of a single coin, the supply looks normal to me, ethereum doesn't have a hard cap but they seem fine.
Total supply won't be distributed before a long long time probably decades and decreasing with XRP destroyed during each transaction.

[styca]

Ripple losing it value day by day . Its price has come to half in just in a month and i feel horrible for this as i have invested some in Ripple.

Don't worry about current price, it doesn't matter. Once Ripple/XRP becomes the industry standard, the price will be vastly higher than it is today. Orders of magnitude higher.

[SonOfNorth]

You have to quickly sell it

LOL, how about no. Unless you're in for tens of thousands that you could use for more profitable ventures, just ride it until the end. Either it'll all just die off, or you'll make it big. Ride or die.

I have some XRP myself, but I'm not really sure it'll become anything. Sure the tech is good and could have some uses, but the currency on top of it seems totally pointless. I'm hoping, but I'm very doubtful.

[ðºÞæ]

Considering the cost of a single coin, the supply looks normal to me, ethereum doesn't have a hard cap but they seem fine.
Total supply won't be distributed before a long long time probably decades and decreasing with XRP destroyed during each transaction.

With the same distribution timeframe than Bitcoin (123 years) 24 Million xrp should be sold every single day only about 1.2 Million is sold. The less sold at lower price the bigger the problem later.




Banks business is to charge fees not pay them.

Singapore’s central bank (MAS) and
•   Bank of America Merrill Lynch
•   BCS Information Systems
•  Credit Suisse
•   DBS Bank Ltd
•  The Hongkong and Shanghai Banking Corporation Limited
•   J.P. Morgan
•  Mitsubishi UFJ Financial Group
•  OCBC Bank
•  R3
•  Singapore Exchange
•  United Overseas Bank

got together and decided to copy past xrp and build the own Distributed Ledger Technology (DLT) Database that is spread across multiple sites, countries or institutions.

Banks where never using xrp in first place, some have a working agreement with Ripple. From a technical standpoint a single xrp works just as well as billions.

Link direct to Singapore Central Bank
http://www.mas.gov.sg/~/media/ProjectUbin/Project Ubin SGD on Distributed Ledger.pdf  Secondary (same pdf). Project Ubin SGD on Distributed Ledger.pdf


Notice the heart "Ubin".

[Herlina]

The supply of ripple is too much, so I'm sure this coin will not go up too much, 100 billion is a crazy supply, they have to put up a lot of money to pump this coin

in my opinion ripple supply is still reasonable,
because, ripple network requires a minimum of 20 XRP to be in any active address.
cost 20 XRP per user that keeps the wallet active.

[cozytrade]

Ripple is my favourite coin in month of april hehehe. I've make a wonderfull high profit amoun in this coin. Suffered a lot of time of waiting to pump this coin now hehehe and still holding

[peter12281]

about the guy who post huge pictures, I saw your post in speculation subforum, really looks like spam at this point. I don't think anyone understand what you're saying (24 million a day would mean total supply distributed in a few years not 123 years).
Anyway, personally I'm happy if the supply takes a long time do be distributed and inflation rate is very low.

[ZZ8ZZ]

Idk how people expect Ripple to hit $1 I mean ... wtf it'll be always in the 0.10 - 0.30 range j.k.

[dobolspeed2]

My opinion is double minded. Ripple wont lose its edge because its partnering with banks and helping banks to make the transaction faster. So Ripple has its value there and can rise up in future and i think it has the potential and thats why its the third position in the coinmarketcap list. But i feel a little down when i see Ripple losing it value day by day . Its price has come to half in just in a month and i feel horrible for this as i have invested some in Ripple.

Yes, I really agree with you by talking about the transfer speed, I think ripple is one of the coins that deserve to be a future investment. I hope the ripple condition that is currently not good can be good again as time goes on.

[hase0278]

Hi,

If I understand it correctly Ripple proposition is to tackle the issue with large scale transaction volumes.
Now when Bitcoin themselves are looking into theses issues - > that this suggest that Ripple might loose its edge?

JH

Even if bitcoin scaled OP, I think ripple would still have a value of its own. Now that bitcoin is scaled, transaction speed is just right in my opinion but not fast. Many people likes faster transactions and that is where ripple will come in to use. Therefore ripple can still be viable in the future who knows maybe it will be the next coin to have a huge pump.

[BTCwriter]

The owners of Ripple have so much tokens to sell or releasing,  no reason to hold it for long term.

[peter12281]

But what about ethereum with no hard cap at all then.

[ðºÞæ]

about the guy who post huge pictures, I saw your post in speculation subforum, really looks like spam at this point. I don't think anyone understand what you're saying (24 million a day would mean total supply distributed in a few years not 123 years).
Anyway, personally I'm happy if the supply takes a long time do be distributed and inflation rate is very low.

You are exactly the kind of guy the Ripple investor invested in. Picture perfect XRP "investor".

Here is the simplified Kindergarten version.
Bitcoins supply halves every 4 years, and 4.5 Million still need mining-selling for the work done.
Are you still with me, good, lets move on.
Lets assume we have 1023 units and need disturbing in the next 10 days
Bitcoin goes about releasing 512 today 256 tomorrow and 128 the day after and so on. On the last day 1
512
256
128
64
32
16
8
4
2
1
------
1023

With 61 Billion XRP still looking for a buyer using Bitcoins release schedule would mean 24 Million XRP must be sold every day and not 1 Million as it happens now
If today is only 1 sold total remaining is 1022 xrp.  As Bitcoin has sold 512 today total remaining is 511

If 512 can sell at todays price how much will 256 sell for tomorrow?
To create a Bitcoin is not free that gives it value. No such thing money for nothing.

XRP is provable not a Blockchain technology it is a Distributed Database. Worlds apart, well 50 years of technology advancements.

[BigBoy89]

I don't like Ripple for few reasons: It's "The banking" coin and devs have a way too many coins to drop off.

In past few months XRP already lost 66% of it's value and I don't see a reason to goes up. My guess is that Ripple is slowly going to its Jan level of around 1000 satoshi.

It's not viable.

[Hyuiguia]

riple still good coin with complete feature
i think next time if bitcoin price down, riple price can incraese to 7k - 10k satoshi
if you want buy ripple is good with price 2k - 3k satoshi