Why are people buying Ripple?

[jam22]

People are buying ripple right now cause it lowered its value and it have many speculation that'll rise soon.

[torukmakto]

I dont trust ripple actually I believe its a buble. Some investors they made damage bitcoin and ethereum so they create speculation. after this period it will die slowly. Sell your tokens dont lose much.

[kdn]

I bought alot early at 0.18c each its done good for me, just because its centralised doesn't make it bad

[docrypto]

Ripple has a lot of interest at financial institutions.  That's not going to change.

[coin5haker]

Hopefully, Ripple will return to the pit where it belongs. Not possible though, even I will buy it at 0.24 But it really hurt my feeling when I saw it at 4 USD (can read it as butthurt).

[Jinbe Vivaldi]

i think more trader buy it for profit.. when the price is grow they will sell it
look at current price and you will understand it

Ripple has a lot of interest at financial institutions.  That's not going to change.

yep, more private bank work together with them but i can not see real implementation YET

[fengzhenwu666]

Everyone has his or her own opinion, and some people buy it, and its propaganda is really good, and it may be that it attracts others to buy it.

[CryptoEnthused]

the only people who invest in it are gamblers or noobs. noobs think that it's still affordable and can rise to the price of $100 and so on. lol

[Sanderion]

the only people who invest in it are gamblers or noobs. noobs think that it's still affordable and can rise to the price of $100 and so on. lol

Buying XRP people fall into the trap. They think that it is a secure investment. "Can it be a Scam coin if it is in the top three on CMC? Of course not" - they think. They think that the majority can't be wrong and end up losing their money. History, as old as the world.

[AliCris]

After the ETH began to beat its records on the rise in the mountain, one can observe a sharp outflow of investments from Ripple. And this will continue every day more and more. This coin will remain valuable for those who believe in it or for those who listen to other people's advice and will buy it.

[Soksuci]

DK man. I also confuse why many new comers are believe in XRP so much.

Maybe because it was cheap compare with ETH and BTC.

But they don't the fundamental of it.

[fanbeila]

• 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.

Yes. You are absolutely right. Ripple is just used for exchange between banks and it is the only reason for increase in its marketcap.It is totally centralized which is opposite to the concept of decentralized currencies.

[tungnguyen224]

I don't like Ripple. As it may go again the purpose of crypto currentcy.
It's centralized with bunch of it in the hand of creator It can be use to manipulate crypto market.

[axiline]

Most people buy ripples because it is among the best coins on the market. As for the precedent, I believe that the developers are working on its adoption. Time will tell.

[Chosenpai]

I guess we will be seeing a lot more of ripple fans. I heard they are partnering with MoneyGram, what do you think guys? For me, I still don't believe ripple will stay for a long period of time.

[Crypto_lion]

Because they have a proven working product and  many deals with banks .They are going to be a big player in international money transfer. They already made a deal with moneygram recently.

[realsmans]

Because they have a proven working product and  many deals with banks .They are going to be a big player in international money transfer. They already made a deal with moneygram recently.

moneygram too, but it started cause JP and NK banks made a testing of money transfer, using Ripple blockchain

[damansk]

I still do not understand why banks would transfer their value into such a volatile currency..

Other permissive blockchain solutions such as HyperLedger by IBM, not requiring a currency to be issued, will do what Ripple does but better with an already trusted brand.

[cryptonero]

Because they dont know how XRP works,they dont have any idea that it can destroy our decentralized community.

[Cubanlinx81]

Why are people buying Ripple you ask? Well, I would say that it has the potential to replace bitcoin as a payment option and store of value. It is very unfortunate that the majority of people do not realize that Ripple will be trading well over a hundred dollars is a year or two.