sheld0n (OP)
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August 15, 2017, 06:32:54 PM |
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Ripple is opening up about its plans to enter one of the world's largest markets in China. In new statements to CoinDesk, the San Francisco blockchain startup aimed to address rumors that first appeared last Thursday on XRP Chat, a forum dedicated to gossip and commentary on both the company and its technology. In short – yes, the blockchain company is planning to set up operations in China, but no, it's not doing so with the help of one of the region's e-commerce giants.
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lakimens
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PVxYGaa1UZM6oDqW3ZKe4Esi18DgwBpDkr
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August 15, 2017, 07:11:44 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
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invest2lose
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August 15, 2017, 07:15:37 PM |
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styca
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August 15, 2017, 07:21:56 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
The coin is used on the ledger, so the tech comes before the coin. Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense.
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invest2lose
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August 15, 2017, 07:27:51 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
The coin is used on the ledger, so the tech comes before the coin. Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense. people are going to miss out on being rich due to this type of fud.
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Mett33
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August 15, 2017, 07:29:25 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
They have to spread technology to spread coin. They do the right thing. "The stock market is a device for transferring money from the impatient to the patient" Warren Buffet. So calm down everything will come.
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ðºÞæ
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Bitcoin © Maximalist
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August 15, 2017, 07:31:54 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
Ripples problems are many. One of the biggest is continuous misinformation just like op again. It is not a San Francisco Company as no xrp sales tax is paid in California and it is certainly not a Blockcain. Blockchains dont loose data because it gets overwritten and supply does not become less form time to time. China is as good as cash less this days. Just about every payment is with WeChat and to a lesser extend Alipay mobile phone apps. It is instant and 100% free, in fact you get paid using it (occasionally). It goes as far as Apple complaining about its phone being used exclusively for one app.
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"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
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fatlever
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August 15, 2017, 07:37:19 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
The coin is used on the ledger, so the tech comes before the coin. Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense. people are going to miss out on being rich due to this type of fud. Yeah, I missed out buying XRP at $.30 when someone tipped me on ANS was $.55. I missed so much gains but still got $7.95 NEO. I don't care about what's in circulation vs escrow, there are $100 billion XRP total. In order for XRP to be just $1, the real XRP marketcap would be $100 Billion. How likely is that?! Pretty much for XRP to be $1, it's like XRP would have to be larger than the entire crypto space. Are to risk money for a 4X gain that seems very unlikely?
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invest2lose
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August 15, 2017, 07:48:13 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
The coin is used on the ledger, so the tech comes before the coin. Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense. people are going to miss out on being rich due to this type of fud. Yeah, I missed out buying XRP at $.30 when someone tipped me on ANS was $.55. I missed so much gains but still got $7.95 NEO. I don't care about what's in circulation vs escrow, there are $100 billion XRP total. In order for XRP to be just $1, the real XRP marketcap would be $100 Billion. How likely is that?! Pretty much for XRP to be $1, it's like XRP would have to be larger than the entire crypto space. Are to risk money for a 4X gain that seems very unlikely? as more banks sign on to use xrp/ripple, the value of xrp will climb. we're not talking 4x gains here.
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xFiber
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August 15, 2017, 07:50:57 PM |
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So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.
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alyssa85
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August 15, 2017, 08:20:41 PM |
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So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.
The question is, has Ripple actually achieved any of their plans? Does anyone actually use either their tech or their coin?
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fatlever
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August 15, 2017, 08:31:50 PM Last edit: August 16, 2017, 01:19:01 AM by fatlever |
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as more banks sign on to use xrp/ripple, the value of xrp will climb. we're not talking 4x gains here.
Banks are going to buy straight from Ripple at a discount not from us. Plus, there were 2,006,543,234 more XRP released and sold between Jan. 1 2017 and today. Think about that! Now add the billions that XRP bagholders can't wait to dump if the price rises to a level where they don't feel they lost too much money.
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NavySeals
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August 15, 2017, 09:01:04 PM |
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So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.
The question is, has Ripple actually achieved any of their plans? Does anyone actually use either their tech or their coin? Well, they are only plans. They give a road map, and we don't see any of them happened. They early said that they will hire lots of engineers and developers. I don't see expansion of the developer team. This China plan is the same story like others.
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thebatletbet
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August 15, 2017, 09:09:24 PM |
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i think is very good if riple(XRP) promote and expanse market to china and added to major china exchanger, huobi and okcoin, because major altcoin litecoin and etherum is ready open market in china exchanger
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Insanerman
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August 16, 2017, 12:11:22 AM |
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i think is very good if riple(XRP) promote and expanse market to china and added to major china exchanger, huobi and okcoin, because major altcoin litecoin and etherum is ready open market in china exchanger
Indeed, XRP is suffering almost 50% drop already from its previous higher price. I hope XRP management is aggressive to push this move since China is a huge market demands. Time to accumulate?
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MadPanda
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August 16, 2017, 02:17:22 AM |
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I'm glad ripple is expanding I know plenty of people who are invest but I just cant do it...I mean don't you guys see this coin as the Anti Crypto? Sure its a well structured idea but I means the whole idea of crypto is to be decentralized right? Unless you don't mind throwing principles out the window.
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Tipstar
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Smart World Global Token
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August 16, 2017, 02:56:12 AM |
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I'm glad ripple is expanding I know plenty of people who are invest but I just cant do it...I mean don't you guys see this coin as the Anti Crypto? Sure its a well structured idea but I means the whole idea of crypto is to be decentralized right? Unless you don't mind throwing principles out the window.
True. Though being advertised as a cryptocurrency, the Ripple pvt co. is as centralized as possible and would probably sell users data to the authorities like the traditional payment gateways do.
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kolap
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In Crypto We Trust
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August 16, 2017, 05:05:02 AM |
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It's probably already too late.
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Ethereuming
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August 16, 2017, 05:27:55 AM |
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In China there are cash money. In the US there are debts. So China move is needed.
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adam1230
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August 16, 2017, 05:35:51 AM |
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For international payments China is a must be. We need a trustable network to make payments. I already know Ripple made some good agreements with Regulated Banks all around the world. And also today ripple price is really nice to invest in.
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TrumpD
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August 16, 2017, 05:44:11 AM |
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Looks like an attempt to get the price up, at least they are trying something. It is normal for people behind a coin to mention China in the hope that it gets investors involved.
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quarkyplum
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August 16, 2017, 05:47:59 AM |
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I'm glad ripple is expanding I know plenty of people who are invest but I just cant do it...I mean don't you guys see this coin as the Anti Crypto? Sure its a well structured idea but I means the whole idea of crypto is to be decentralized right? Unless you don't mind throwing principles out the window.
True. Though being advertised as a cryptocurrency, the Ripple pvt co. is as centralized as possible and would probably sell users data to the authorities like the traditional payment gateways do. In my opinion, Ripple like token platform transfer money than define cryptocurrency altcoin like our thought. Because the price of Ripple just increasing when have some banks accept use it as tool helps them transfer money easy and fast.
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ardentvolcanoes
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August 16, 2017, 06:19:44 AM |
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For international payments China is a must be. We need a trustable network to make payments. I already know Ripple made some good agreements with Regulated Banks all around the world. And also today ripple price is really nice to invest in.
well if another pumped can be expect this month or two the value right now is really good to start with as ripple still in its downfall movement if you are a risk taker this moment will be much better for you to place your entry and hold your coin till its pumped again.
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Ethereuming
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August 16, 2017, 06:20:06 AM |
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China or not China personally I don't want to invest in Ripple because supply is huuuuuge. I don't think that I'm the only one...
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bucciarati
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August 16, 2017, 06:26:04 AM |
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China or not China personally I don't want to invest in Ripple because supply is huuuuuge. I don't think that I'm the only one...
i think supply is huge because of huge potential, the target is the financial market international transfers and settlements, way more than all crypto combined (actual), if they will be succesfull but this is another story. China is a step in that direction
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Lucky_U
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August 16, 2017, 06:27:34 AM |
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I don't like and I don's want invest in Ripple, even though a news from China. There is more interesting project live.
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Ethereuming
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August 16, 2017, 06:53:29 AM |
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China or not China personally I don't want to invest in Ripple because supply is huuuuuge. I don't think that I'm the only one...
i think supply is huge because of huge potential, the target is the financial market international transfers and settlements, way more than all crypto combined (actual), if they will be succesfull but this is another story. China is a step in that direction But gains that make a good coin of 40 million supply can not be the gains of a good coin of 40 billion supply: Impossible. Then I prefer to bet on others. But it's just my opinion.
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McWorse
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August 16, 2017, 07:10:25 AM |
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China or not China personally I don't want to invest in Ripple because supply is huuuuuge. I don't think that I'm the only one...
i think supply is huge because of huge potential, the target is the financial market international transfers and settlements, way more than all crypto combined (actual), if they will be succesfull but this is another story. China is a step in that direction But gains that make a good coin of 40 million supply can not be the gains of a good coin of 40 billion supply: Impossible. Then I prefer to bet on others. But it's just my opinion. The profit per invested BTC is the same. If you spend 1 BTC in a low supply coin and 1 BTC in a high supply coin and both are rising for 20% and you cash out, you'll have 1,2BTC each. Forget supply and take a look at the marketcap. When marketcap goes up or down for x%, the price per coin will go up and down for the same %. No matter how high or low the supply is or how many coins you hold. Simple math.
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okissabam
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August 16, 2017, 07:32:59 AM |
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If that's the case then hopefully Ripple will have great comeback after it's dip. And China is one you can't mess with and I underestimated China when it comes with cryptocurrencies. The supply will for sure be huge for sure.
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Ethereuming
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August 16, 2017, 07:47:35 AM Last edit: August 16, 2017, 09:04:55 AM by Ethereuming |
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China or not China personally I don't want to invest in Ripple because supply is huuuuuge. I don't think that I'm the only one...
i think supply is huge because of huge potential, the target is the financial market international transfers and settlements, way more than all crypto combined (actual), if they will be succesfull but this is another story. China is a step in that direction But gains that make a good coin of 40 million supply can not be the gains of a good coin of 40 billion supply: Impossible. Then I prefer to bet on others. But it's just my opinion. The profit per invested BTC is the same. If you spend 1 BTC in a low supply coin and 1 BTC in a high supply coin and both are rising for 20% and you cash out, you'll have 1,2BTC each. Forget supply and take a look at the marketcap. When marketcap goes up or down for x%, the price per coin will go up and down for the same %. No matter how high or low the supply is or how many coins you hold. Simple math. GAS for example with 3 million supply at the beginning of the month was 6 million market cap and now after 15 days market cap is 100 million. Ripple now is 6 billion. I think that you have to wait more than 15 days to see Ripple at 100 billion market cap... But good luck
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vfrcbv91
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August 16, 2017, 08:26:56 AM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
XRP is used in a ripple, so with the growth and spread of technology in xrp will increase the demand and therefore price.
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DreamweaverVCC
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August 16, 2017, 08:28:48 AM |
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yet the price is still dead LOL
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Mett33
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August 16, 2017, 08:54:10 AM |
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yet the price is still dead LOL
Good. Looks like that is time to start buy XRP.
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chesegrinder
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August 16, 2017, 08:59:03 AM |
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if it will really come true... both tech and the coin will have an upgrade... the most problem of the ripple is the coin it self i dont know what they really want but the technology are awesome. maybe after that ripple will rise again for about their dip... they decrease about 50%.... in that case also it is a gooid news to all ripple holder
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wenzuo
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August 16, 2017, 09:08:05 AM |
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then, will Ripple supass etereum to be the No2 crypto coin after expande to China? many people dont buy Ripple because there is little exchange list Ripple in China
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unixguy
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August 16, 2017, 02:56:34 PM |
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China already has so many cashless options. It would be great to see how ripple makes its way. China is much ahead in cashless than we imagine.
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styca
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August 16, 2017, 04:12:18 PM |
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Problem with Ripple is that they're not spreading the coin, just the technology.
The coin is used on the ledger, so the tech comes before the coin. Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense. people are going to miss out on being rich due to this type of fud. Yeah, I missed out buying XRP at $.30 when someone tipped me on ANS was $.55. I missed so much gains but still got $7.95 NEO. I don't care about what's in circulation vs escrow, there are $100 billion XRP total. In order for XRP to be just $1, the real XRP marketcap would be $100 Billion. How likely is that?! Pretty much for XRP to be $1, it's like XRP would have to be larger than the entire crypto space. Are to risk money for a 4X gain that seems very unlikely? The potential price of XRP has absolutely no relation whatsoever to current crypto marketcap. Look at the market that Ripple are going after. The money involved in international banking makes the crypto cap look tiny. If Ripple succeed, they will blow everything else out of the water.
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aoluain
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August 16, 2017, 04:30:06 PM |
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So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.
Cripple good one! Well I am also vary happy that I got in and got out with a bit of a gain. There have been so many threads here about Ripple this and Ripple that I think the majority of people here know not to pay too much attention to news about it.
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soothaa
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August 16, 2017, 04:34:48 PM |
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Ripple really seems to be the first of the token platforms with services and not being completely about the coin. The coin is more of "stock" in their company that gets them funding and buzz but does not really do much. Ripple, NEO, OMG, those 3 are really big and seem to be doing this methodology recently. I sure hope this does not become the trend because that could have a lot of downside down the road.. we have already seen the SEC get involved in the USA as it is.
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invest2lose
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August 16, 2017, 04:48:56 PM |
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people keep forgetting xrp is a LONG TERM investment. the start up company is working with banks and regulation, so a lot of it is hush hush. also, stop comparing the xrp supply with other coins. it's huge for a reason. the banking industry does TRILLIONS of transactions. this dwarfs the total crypto market.
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Desscount
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August 16, 2017, 04:59:12 PM |
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I'm still confused for this RIPPLE, I'm investigating and monitoring the development, but whether the future ripple will rise up ?? or
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styca
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August 16, 2017, 05:01:21 PM |
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The coin is more of "stock" in their company that gets them funding and buzz but does not really do much.
XRP, being the (only) native coin to the ledger, is absolutely integral to the Ripple strategy. If you're using the Ripple ledger, then XRP is the cheapest and most efficient way to do so. people keep forgetting xrp is a LONG TERM investment. the start up company is working with banks and regulation, so a lot of it is hush hush. also, stop comparing the xrp supply with other coins. it's huge for a reason. the banking industry does TRILLIONS of transactions. this dwarfs the total crypto market.
Yes, definitely a long-term one. Yes, a lot of Ripple's work with banks will be subject to NDAs and so not in the public sphere. Yes to Ripple's potential market dwarfing current crypto cap.
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invest2lose
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August 16, 2017, 05:07:38 PM |
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The coin is more of "stock" in their company that gets them funding and buzz but does not really do much.
XRP, being the (only) native coin to the ledger, is absolutely integral to the Ripple strategy. If you're using the Ripple ledger, then XRP is the cheapest and most efficient way to do so. people keep forgetting xrp is a LONG TERM investment. the start up company is working with banks and regulation, so a lot of it is hush hush. also, stop comparing the xrp supply with other coins. it's huge for a reason. the banking industry does TRILLIONS of transactions. this dwarfs the total crypto market.
Yes, definitely a long-term one. Yes, a lot of Ripple's work with banks will be subject to NDAs and so not in the public sphere. Yes to Ripple's potential market dwarfing current crypto cap. when I mean long term, i mean more like 3-5 years vs the stock market which is 20 years. but even then, people still expect to become millionaires overnight and cry when it doesn't go up.
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styca
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August 16, 2017, 05:15:46 PM |
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when I mean long term, i mean more like 3-5 years vs the stock market which is 20 years. but even then, people still expect to become millionaires overnight and cry when it doesn't go up.
I know what you mean. As far as I can see Ripple is doing everything right - working with their potential customers and with the regulatory authorities, developing and testing the tech. They're not focusing on the price of XRP, but why should they? If the Ripple solution succeeds, then XRP price will increase naturally. This is much better than the hype and pump that some other coins get. And when I say better I mean more professional and more conducive to eventual success. I'm very confident that one day XRP will shoot up in price. I'm perfectly happy holding for however long that may take. I think that a lot of the people who complain about day to day price fluctuations (or lack of fluctuations) just don't see what Ripple are trying to do, or haven't researched it.
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nrvasquez
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August 16, 2017, 05:16:06 PM |
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Many have predicted this will happen, because the ripple does have a strong support, so it is not wrong if they will be one of the best coins in the world.
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