Why are people buying Ripple?

[mpufatzis]

People are attracted to coins having quick growth.
They believe that this "price rocketing" can be continued in the future. None knows exactly what is going to happen.
Ripple is a centralized coin and it is created by bankers. You can't mine it, all the initial coins belong to the creator of the coin.
So if the owner/creator is pumping up the price and wants to get the money and leave you are doomed.
There are many other decentralized coins that worth having them.

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[Anita1873]

Ripple is a good banking sector coin and many global banks working with its technology and it comes to number 2 place in coinmarketcap and now more new investors are interesed in it to add it in their portfolio.

[iluvbtc]

People buying Ripple either:

A. Have no real understanding about the crypto revolution

B. Think they can 'time' the banking collapse and believe they can get out in time with their profits

I played the B. game for awhile but got out after the recent run-up, ain't holding that deep into 2018.... no WAY!!!!

[kikoy999]

There are so many buyers in the ripple coin because the price rises but it still depends on people when they choose it, but I think it's rising because the price is rising too.

[h0lybyte]

The reason behind ripple market is that some major banks have started to use ripple in their banking system and banks wilk prefer to accept centralized currency ever if their potential ability in coin. Ripple helps a lot to make inter-banking super fast, not only bankers but outsiders would also be able to take benifits from trading ripple coin. Ripple is currently leading altcoins in market cap

[practicaltexan]

*Disclaimer*  I own Ripple and bought a lot a month ago.  Still have it.  

I have noticed in the partnerships with banks they are using Ripple as their test chain.  The long term development is not to solely use Ripple but use it as a middle-man while the banks develop their own block chain.  

So the long term use is iffy, once banks get hip to their own block chains.

However,  some of the smaller ones could just decide to use Ripple indefinitely because of the low-fees/transaction times instead of building out their own.  Don't expect JP Morgan or Wells Fargo to use Ripple for anything.  They will build their own.  

I was really surprised at how fast the transfer times were.  (A lot faster than bitcoin or even litecoin)

I wonder what coinbase thinks about it.  

Will they put it on their exchange because they see it as a long term diversification or will they go with something like Dash or Monero which has more long term use?


Anyway,  my 2 thoughts.

[altercreed]

Like all other crypto. You buy because the price go up. At the moment use do not matter that much. Speculation for the future only.

A digital currency's market price plays a big factor that people are investing on that particular digital currency. In Ripple's case, it has a very cheap price where you can buy it in much bigger volume and since it is also evident that its market cap is big which is third, people continue buying on it until its market cap surpasses ETH's.

Even a small pump of digital currency's price can mean a big profit.

[troyp]

I bought in just out of speculation :-)

@.96

[ankurguta87]

Because of the possibility of a higher price in Ripple. Its the only coin in the list to top 5 crypto which is less than $100 even.

[crimsongoth]

Of course to make money from the money So far there has been a lot of discussion about it. I think Ripple is one of the few cryptocurrency that is very bright for the future.

[Rufsilf]

It is just all about FOMOing, fear of missing out. They thought that the expectation of the early buyers and those manipulators that the price will continue to go up but they didn't know that the market is just being pumped by the manipulators and also the FOMO people and if you are really into great technology and investment then do more research because ripple is not the only one.

[sherenikaw]

because ripple has many fans and of course the resulting huge profits, hence a lot of people buy a ripple that they got a big advantage.

[yslyv]

Beccause ripple is very open to manipulating and pump&dump. And the ones that buy xrp have a chance to make a really good profit. Of course with their own risk 

[EMV]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

In fact, Ripple is more viewed as an Internet technology that allows you to make financial transactions. Initially, the company Ripple Labs did not plan to create its own crypto currency, but was aimed at the banking sector - to provide a unique form of payment for banks. The new technology allows for internal settlements, international settlements between banks in a faster form (reducing transaction time), safer and most importantly with a minimum transaction value.

[Similificator]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

Exactly my point. I have been telling this to my friends countless times but they just won't listen. Like how they did not listen that bitcoin will be big when i told them earlier this year. They clearly are like everyone supporting ripple. They only see dollar signs and do not try to go deeper and understand what is going on with the project they are investing in. Oh well, that's their choice. It's not our fault that they did not listen.

[Cryptobel]

I think many people buy in order to earn in the course)))

[nmax21]

Ripple is a toy for bankers, I do not understand how it rose to second place in terms of capitalization in the world. It makes sense to buy only for investment and this is very risky.

[Maloppo]

I also don't understand why many of people buying of this Ripple.
I see on coinmarketcap is ranking 2 beat on ethereum right now.

[Mr Batman]

I do not know exactly why people buy Ripple, but if I personally buy Ripple because I'm sure the price will go up, judging from the increase in rank at coinmarketcap.com and its sales volume

[roshanface123]

• it is explicitly (or at least formerly) not considered a currency
• it is centralized (the company can freeze accounts if it wants, create more coins, or be sued)
• it's major use case is for inter-bank transfers. So if Bank A and Bank B was to exchange currency x for y, they will use XRP in-between. But this gives no value to the currency itself, it is just used as an intermediary. Is it conceivable that Ripple the company will not have enough XRP for these internal bank transfers and they are going to have to buy them back from the public??

So it seems that XRP has no value outside its use by the company Ripple. Is anyone actually using it for commerce or any other reason? It is not considered a store of value like bitcoin (in any case one would want something decentralized.

Even i wonder about ripple growth from beginning i am not supporter of ripple neither i am holding single ripple nor i want to buy . Now the current trend seems like pump from the big giants soon it will be dump hard . After bitcoin ethereum always hold value based on its use case.