Is the ripple currency doomed?

[mkie]

I dont get why the price is all the time low, when other currencies going higher.
Whats the problem with ripple?

[bathrobehero]

Ripple I think is a way overpriced centralized crap.

And it has a 2309 times the circulatin supply of Bitcoin (38,343,841,883 XRP) and a comparably low trading volume which means its market cap number is skewed and easily manipulated.

[handschi]

ripple never really took off but also doesnt die.

[invest2lose]

ripple never really took off but also doesnt die.

oh you mean the 4000% rise earlier this year?

[handschi]

sorry forgot about that while polishing my lambo.

[KingScorpio]

I dont get why the price is all the time low, when other currencies going higher.
Whats the problem with ripple?

i would say yes

the reasons i see are:

1. empty IT system
2. made by the banker cartell that ruled us beforehand with lots of printed money.
3. premine dependent after sold premine the system will be abandoned by its creaters and overshadowed by the marketing activity of other cryptocurrencies, maybe even their own future coins.
4. all value gains created by marketing campaigns are beeing pulled down by ripple and its premine sale

good luck investing in it communal currencies compared to this one have at least some social meaning (infrastructure etc.)

hope i was able to help you guys there are also other reasons why ripple is broken

regards

Scorpio

[niknik1966]

So the coin is not as interesting as the rest. Also, to understand the interest, you need to carefully study the icon, the road map, who the developer, what is implemented, and what is not. What is the news about this coin, what capitalization, what volume of trades. Perhaps, having studied more carefully all these circumstances, you will be able to answer your question on not only this coin, but also with respect to any other, in order to trade competently.

[cryptokangaroo]

no, why would it be. yes it centralised but look at the adoption rate. if its low then it should be-then it is temporariliy (accumulation phase)

[2l84aa]

Hopefully yes. Otherwise I'm losing trust in the sanity of the cryptocurrency ecosystem.

[KingScorpio]

Hopefully yes. Otherwise I'm losing trust in the sanity of the cryptocurrency ecosystem.

there has to be some standards, less scamm less emptiness and more economic value adding say capitalism in it.
i am working on such a project but that is though and needs lots of skill not just IT coding

ripple never really took off but also doesnt die.

well ripple was born close to the printing press of the fed, they have money for marketing to draw attention to shed promises in the internet, that is why its is still existing and talked about.


regards

[Koadharber]

So the coin is not as interesting as the rest. Also, to understand the interest, you need to carefully study the icon, the road map, who the developer, what is implemented, and what is not. What is the news about this coin, what capitalization, what volume of trades. Perhaps, having studied more carefully all these circumstances, you will be able to answer your question on not only this coin, but also with respect to any other, in order to trade competently.

You can really able to answer this kind of question if you do really made some research regarding on those things that you do mention here which is capitalization,volume and other stuffs. Ripple is centralized and those price increase happen back in the past which i do believe is just a hype and now its climbing down.Interest has gone but well we cant be sure if there would still some spark into this coin.

[KingScorpio]

So the coin is not as interesting as the rest. Also, to understand the interest, you need to carefully study the icon, the road map, who the developer, what is implemented, and what is not. What is the news about this coin, what capitalization, what volume of trades. Perhaps, having studied more carefully all these circumstances, you will be able to answer your question on not only this coin, but also with respect to any other, in order to trade competently.

You can really able to answer this kind of question if you do really made some research regarding on those things that you do mention here which is capitalization,volume and other stuffs. Ripple is centralized and those price increase happen back in the past which i do believe is just a hype and now its climbing down.Interest has gone but well we cant be sure if there would still some spark into this coin.

Ripple being centralized isnt a huge problem actually, Bitcoin is increasingly also less centralised with large mining pools teaminig up

Ripple has structural problems, the own team dont want their coin they just want to sell the premine for communal currencies and abandon it, to make another one overshadowing the old one such coins will never work.
that is also why they want regulationsm, to look better and to throw marketparticipants out. forcing all to buy and work for their ripple

the name "ripple" similar like "rip" off has also its bad omen

Regards

Scorpio

[J. Cooper]

Ripple I think is a way overpriced centralized crap.

And it has a 2309 times the circulatin supply of Bitcoin (38,343,841,883 XRP) and a comparably low trading volume which means its market cap number is skewed and easily manipulated.

I've never been a big fan of ripple in the first place but I have to agree with you there. I also think the circulating supply is ridicioulsly high and the coin itself has been trending down as of recently. Saying ripple will be around in the next 5 years is a big no no for me.

[HardFireMiner]

Ripple is not a currency so yes, as a currency your question's answer is even better - it's not doomed, it didn't even exist. I hope this shitcoin dies, really I hope all the premined shitcoins die.

[cynical]

Ripple I think is a way overpriced centralized crap.

And it has a 2309 times the circulatin supply of Bitcoin (38,343,841,883 XRP) and a comparably low trading volume which means its market cap number is skewed and easily manipulated.

this explanation really says a lot about ripple currency. The fact that it is centralized it should not really fit into this community

[styca]

So many negative comments about Ripple still. Swell is coming - how many other coins could get Ben Bernanke and Tim Berners-Lee?
XRP is big already, but its destination is #1 in cap, ahead of ETH and ahead of BTC.

[KingScorpio]

So many negative comments about Ripple still. Swell is coming - how many other coins could get Ben Bernanke and Tim Berners-Lee?
XRP is big already, but its destination is #1 in cap, ahead of ETH and ahead of BTC.

if they buy it with their own printed money then yes, but it wont get popular anyway.

[muraqaba]

From what I'm seeing most USA alt coins are long term holds you are not going to get quick gains.

[aywin]

I don't think it's dead. But it was never meant for "regular" people to make profit out of it. Banks never cared about them, why would they this time. And we know banks like stable currencies so they'll probably manipulate it forever to not be volatile. In similar way central banks do with fiat.

[Balmain]

Ripple is centralized so those whales can get the price to anywhere they want. Ripple made big rise this year, now it's dump time. Whales have tokens which is almost free for them so they can play with the price whatever they want.