Ripple Price: Do you think this is a bubble ?

[mah87]

Please comment also !

[champbronc2]

Yes because nobody likes it.

[mah87]

Yes because nobody likes it.

lol. What a powerful argument.

Just maybe you don't know but ripple got a market higher than bitcoin in only few months.... anyway.. Thnak you for answerign this survey!

[markm]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

[erk]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

[mah87]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

[mah87]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

[erk]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

[markm]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

[mah87]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

[anderl]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

[QuantPlus]

For Market Cap one only counts released XRP.

1.5 billion x $0.018 = $27 million market cap in Beta

At 2% of Bitcoin market cap... Ripple Beta is probably undervalued.

[markm]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

How many billionths of a Ripple does a transaction cost?

If that is massively more than it takes to keep people from spamming the system with transactions, yes it is a bubble.

If it is low enough that spamming is cost-effective, then no it is not a bubble and in fact they should cost more (per transaction, not necessarily per ripple).

-MarkM-

[mah87]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

that's not the point... I noticed a lot of new comer argue that

[anderl]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

that's not the point... I noticed a lot of new comer argue that

it very much is the point.  you asked if it is a bubble.  a derivative is a bubble in that it leverages the underlying asset.  most newcomers don't understand that.

[mah87]

Please specify a price that you think is a bubble. SInce no price is evident there seems no way to begin to guess what you even refer to.

-MarkM-

Talking about the price right now which is around 1$=50xrp

Okay now re-phrase that as X number of transactions = $1 and compare it to other transaction systems...

-MarkM-

Sorry I don't understand.

How many billionths of a Ripple does a transaction cost?

If that is massively more than it takes to keep people from spamming the system with transactions, yes it is a bubble.

If it is low enough that spamming is cost-effective, then no it is not a bubble and in fact they should cost more (per transaction, not necessarily per ripple).

-MarkM-

How this is related to spamming cost

[markm]

How this is related to spamming cost

The purported rationale for the existence of ripples is as an anti-spam measure.

Thus if they are too cheap to convince people not to spend them on spamming they are not in a bubble, but if they cost more than is needed to keep people from blowing them on spamming then maybe a bubble might be in progress.

Or they lied about the real reason for them existing, and anti spam measure is just yet another excuse for spawning yet another scamcoin.

-MarkM-

[mah87]

There is virtually no intrinsic value in a totally pre-mined currency. All they can do is hope to talk up the price but, that's all it is, talk. Ripple is not a mined coin like bitcoin, it's more like a blank unsigned check in a check book, which is just a piece of paper. At least the paper came from a tree, ripple doesn't even have that much value.

Bad argument.

Bad thread

ripple is a loan  it is an an intangible debt on an intangible asset.  its a derivative and as a derivative the only worth it has is what people say it has until it is worthless.  at least bitcoin has value in that there was a cost in mining it (electricity, hardware).  derivatives are made up out of thin air.

bitcoin value is not what it cost to produce... wrong way to see xrp also.... actual xrp value is like ripple shares would be sold on a market place. Same thing.. and you can have some bubble effect like in it bubble in 2001

that's not the point... I noticed a lot of new comer argue that

it very much is the point.  you asked if it is a bubble.  a derivative is a bubble in that it leverages the underlying asset.  most newcomers don't understand that.

[mah87]

How this is related to spamming cost

The purported rationale for the existence of ripples is as an anti-spam measure.

Thus if they are too cheap to convince people not to spend them on spamming they are not in a bubble, but if they cost more than is needed to keep people from blowing them on spamming then maybe a bubble might be in progress.

Or they lied about the real reason for them existing, and anti spam measure is just yet another excuse for spawning yet another scamcoin.

-MarkM-

ripple has an antispam measure but it's not the aim of this....   I don't get it.

[anderl]

incorrect.  bitcoin generation has a cost to generate revenue.  if the costs exceed revenue miners leave the market until costs are inline with revenue.  that is a cots to generate.  

a miner is not going to sell 1 bitcoin that cost him $100 in electricity for $50.  That would be a loss.  

Tell me how much it cost to produce 1 ripple?