Bitcoin Forum
April 24, 2024, 02:43:11 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 »  All
  Print  
Author Topic: Why are people buying Ripple?  (Read 2037 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
elbimbo012
Full Member
***
Offline Offline

Activity: 476
Merit: 108



View Profile
January 14, 2018, 01:10:16 AM
 #261

Ripple is on Fire, massive movement right last couple of days but today's growth is outstanding. Heard that, Ripple is starting to get more main stream news and coverage.
I bought some yesterday @ 2$ when I read in the crypto news that moneygram would used xrp in their online money transfer business for faster, safer and more secure transaction. but looks like it is still in consolidation mode

If you want to be a moderator, report many posts with accuracy. You will be noticed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713969791
Hero Member
*
Offline Offline

Posts: 1713969791

View Profile Personal Message (Offline)

Ignore
1713969791
Reply with quote  #2

1713969791
Report to moderator
1713969791
Hero Member
*
Offline Offline

Posts: 1713969791

View Profile Personal Message (Offline)

Ignore
1713969791
Reply with quote  #2

1713969791
Report to moderator
1713969791
Hero Member
*
Offline Offline

Posts: 1713969791

View Profile Personal Message (Offline)

Ignore
1713969791
Reply with quote  #2

1713969791
Report to moderator
broby
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
January 14, 2018, 01:12:32 AM
 #262

I bought some XRP on 05.01. and thinking about exchanging part of it with another altcoin like Game or TRX as a security. Does it make sense?
Thank you very much.
Sinistlercoin
Member
**
Offline Offline

Activity: 71
Merit: 10


View Profile
January 14, 2018, 01:15:51 AM
 #263


On the other hand: transaction times are pretty fast and fees are usually pretty low, so it is perfectly usable.

Perfectly usable for what? Is anyone using it for said purpose?

Yes, MoneyGram. And, s anyone using bitcoin for its intended purpose with insanely high transaction fees and slow proccessing times?
FiveReelsTwo
Member
**
Offline Offline

Activity: 140
Merit: 10


View Profile
January 14, 2018, 01:19:42 AM
 #264

People are buying rippple only because for one good reason. The reason is that they think Rippple is a good investment and Ripple they think can multiply their investments in good numbers. What other reasons anyway of why there are investing? It is for the money and for gaining.

moonami
Member
**
Offline Offline

Activity: 171
Merit: 37


View Profile
January 14, 2018, 01:45:19 AM
 #265

Ripple is on the highest peak, it growing up day by day so invest in Ripple will give you unbelievable return.
Yes, I think that is one of main reason why people are buying Ripple; it is becoming a good investment as the value increasing and I think, sooner or later it will give you a good profit or maybe a high profit.
colacat1111
Full Member
***
Offline Offline

Activity: 133
Merit: 103


The Experience Layer of the Decentralized Internet


View Profile
January 14, 2018, 01:51:40 AM
 #266

I have heard the ripple is supported by a lot of famous banks, and they are very powerful, as we can see, the price and market cap are very big now.

Chosenpai
Newbie
*
Offline Offline

Activity: 61
Merit: 0


View Profile
January 14, 2018, 03:41:50 AM
 #267

I have heard the ripple is supported by a lot of famous banks, and they are very powerful, as we can see, the price and market cap are very big now.

Yeah correct. In fact, Ripple is owned by a group of banks. They can easily manipulate how the market price would go because they own a lot of percentage of the coin.
Beldon
Member
**
Offline Offline

Activity: 378
Merit: 10


View Profile
January 14, 2018, 04:08:43 AM
 #268

because of their capital may be small so that they are more ripple corresponding to their capital. but ripple though cheap are also very promising and have a great profit.

▄▄▄        WINDHAN        |   RENEWABLE ENERGY PROJECT   ▄▄▄
||███    (((  Pre-Sale is Live  )))  ▐ ███  JOIN NOW   ███ ▌    ███||
Whitepaper  |  OnePager  |  ANN  |  Facebook  |  Twitter  |  Telegram
rezurect
Sr. Member
****
Offline Offline

Activity: 686
Merit: 250


View Profile
January 14, 2018, 04:27:27 AM
 #269

People would have done better if they would have bought ripple before the pump instead of after or during.
AgatioX
Full Member
***
Offline Offline

Activity: 546
Merit: 105



View Profile
January 14, 2018, 04:33:26 AM
 #270

Ripple is a spooky thing.
Bankers came here in Crypto's to control the market.
Just look at price movements!They are following ripple now.Jesus.
arvind82
Newbie
*
Offline Offline

Activity: 121
Merit: 0


View Profile
January 14, 2018, 05:03:16 AM
 #271

People are buying Ripple because Ripple is a banking sector coin.Now, most of the banks using this coin.people invest in this coin and its price grows.
JohnnyCash$
Member
**
Offline Offline

Activity: 81
Merit: 10


View Profile
January 14, 2018, 05:29:09 AM
 #272

People are buying Ripple because Ripple is a banking sector coin.Now, most of the banks using this coin.people invest in this coin and its price grows.

Er what kind of bullshit are you spreading?  Not many banks are using Ripple.  They are developing their own blockchain to use.
DBronze98
Full Member
***
Offline Offline

Activity: 403
Merit: 100



View Profile
January 14, 2018, 05:38:49 AM
 #273

  • 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.
I think Ripple has made a lot of good changes as well as they have come up with a new roadmap that will help all traders see the potential of it to thrive in the future which makes many people notice it as well as invest in it.

alt18coins
Jr. Member
*
Offline Offline

Activity: 261
Merit: 2


View Profile
January 14, 2018, 05:54:49 AM
 #274

People are buying Ripple because it is a safe investment.Now the prices of ripple are low,but in future their prices are increases and gives more profit to the investor.
iluvbtc
Full Member
***
Offline Offline

Activity: 221
Merit: 100


View Profile
January 14, 2018, 05:57:12 AM
 #275

  • 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.

The blue pills are buying it because they don't see what is coming down the pike. It's the bankers coin, and when (not if) the banks start to fail, they will be selling their RIPPLE as quickly as possible in search for any and all liquidity to stay afloat. It's just a matter of time.... watch
Iamdeadlyz
Member
**
Offline Offline

Activity: 402
Merit: 19


View Profile
January 14, 2018, 05:57:32 AM
 #276

I think due to its increase in price, well I think the price is really manipulated so.. yah people can gain much more money
squidiot438
Newbie
*
Offline Offline

Activity: 75
Merit: 0


View Profile
January 14, 2018, 05:59:34 AM
 #277

Price could be manipulated, I agree since banks are probably pumping it up to gain interest from the public... But. it could be a good investment as I think Ripple will soon be used for microtransactions.
yugyug
Sr. Member
****
Offline Offline

Activity: 616
Merit: 256



View Profile
January 14, 2018, 06:22:31 AM
 #278

Ripple XRP caught attention during the high demand but slow transaction processing of bitcoin last month. Ripple was cheap at that time with virtually low transaction fee and blazing fast transaction speed that's why some imaptient investors bought XRP because of that features but to think of it that it was controlled by the bank it doesn't seem to be real cryptocurrency for it was centralized by bank and the Ripple system.
qigong13
Member
**
Offline Offline

Activity: 161
Merit: 12


View Profile
January 14, 2018, 06:42:10 AM
 #279

It hit the normal, average joe so increase the demand for it hence price up.
Lerikaweb
Member
**
Offline Offline

Activity: 392
Merit: 12

The Fourth Generation of Blockchain in DeFi


View Profile
January 14, 2018, 08:27:15 AM
 #280

While the demand on Ripple is high,  it is usable for fast trading operations. No matter whether the demand was created artificially or naturally,  it helps people make money.

DRK Defi| The Fourth Generation Of Blockchain In Decentralized Finance
────── The Epicenter of the DeFi Ecosystem ──────
WebsiteDraken ExchangeDrakenXTelegramTwitterFacebook
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!