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Author Topic: Ripple up, Ripple down!  (Read 218 times)
gbanik (OP)
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January 10, 2018, 06:57:01 AM
 #1

So now they are saying Ripple is dead. All the running around, trying to buy Ripple is now futile. Really?

What they fail to understand is that Ripple - the "currency" and Ripple - the "technology" are two discrete things.

Satoshi must be turning in his grave looking at his creation being monkeyed around by bunch of "gold digging" idiots. (And dont tell me he/they can still be alive). Bitcoin had three main objectives as a currency.
1. Maintain a secured ledger
2. Keep transaction fees low
3. ‎Finalize the transition quick.
The core objective was never really to become a trading instrument. Today, it survives as a superior ledger, but is suffering from all old age ailments. CoinMarketCap would disagree, but from a technology standpoint, it is indeed true. It has reached its shell life in terms of its journey as an alternative currency. It can no more compete with the Fiats. It is not cheap on transaction fees, nor quick.

On the other hand, blockchain is the future. In the coming few years, there will not be a field that blockchain will not grace. The concept is so elegant that it will find its way into our daily lives in every sense. Be it IOT, financial transactions (not just interbank like Ripple), real estate, IP/copyrights - there are 200+ real life application areas that are being explored. Though the visibility of the commercial side of blockchain is higher (read ICOs), there is indeed a lot of technology research taking place right now. At the very least, the ICOs are bringing in a lot of funds upto the techie.

Back to the Ripple story. The "currency" Ripple may be considered as just another moolah raking instrument. It has remote connection with the "technology" Ripple and the real-life problem that it is trying to solve - making inter-bank transactions quicker and cheaper. (btw, the role of Ripple is only to cover the transaction fees in the Ripple network). Ripple now has the presence, association and commitment of a few majors in the banking industry. So the technology Ripple is here to stay. At least, they will make sure it stays (shareholders stake).

A closing anecdote. The market that Ripple is trying to enter into is currently monopolized by Swift. So in effect, Ripple's revenue could become equal to Swift's current revenue in some time (assuming 100% market share). Maybe a little more owing to the superior transactional capabilities. But where did the current Ripple currency market cap of  $100 billion come from? What projections are these?? And what is the basis???

Doesn't matter as long as the market is performing, does it?
derago21
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January 10, 2018, 07:14:53 AM
 #2

It is getting lower day by day, with the recent lawsuit going on and spreading like wildfire, I think we have to rethink on XRP before buying more.
FiveReelsTwo
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January 10, 2018, 07:17:52 AM
 #3

You can not expects all the good things to happen around here. Everything is volatile and there is no permanent. The only thing that is permanent here is change. It maybe that way now cause it is affected with some uncontrollable issues. Anyway thats the way it goes around in cryptos one minute you're up the other you're down.

kobradobra
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January 10, 2018, 07:21:14 AM
 #4

There are number of big XRP-whales....And you know what? For even better investment capitalizing it is necessary to pump-dump. The current wave of "negative" news is absolutely the work of whales. I expect XRP to dip @ 1.30...and then to surge again. Maybe even to 6-8 dollars.

Wait few weeks and you'll see a flood of positive press related to Ripple. It's centralized...so group of investors can really manipulate the market. Just wait and see.

Ripple to reach 200 billions market cap before March. NID.  

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ujinice
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January 10, 2018, 07:25:37 AM
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Ripple it like a dollar, bankers can emit it in any quantities, why do we buy it at all I do not understand.
derago21
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January 10, 2018, 07:28:10 AM
 #6

There are number of big XRP-whales....And you know what? For even better investment capitalizing it is necessary to pump-dump. The current wave of "negative" news is absolutely the work of whales. I expect XRP to dip @ 1.30...and then to surge again. Maybe even to 6-8 dollars.

Wait few weeks and you'll see a flood of positive press related to Ripple. It's centralized...so group of investors can really manipulate the market. Just wait and see.

Ripple to reach 200 billions market cap before March. NID.  

Wish that could happen, I'm HODLing what I have currently, But really not going to buy any more until I hear more good news from the team.
FiveReels
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January 10, 2018, 07:38:01 AM
 #7

I think it is just natural that at time a certain value of coin my go down. In then first place it didi not promise that all the time the prices goes up and never will go down. A lot of factors are really affecting this drop and its increase. So why do we worry about dropping and increasing the only thing we will realy have to worry is that our investment will not perish if ever you have invested here in XRP and it will grow and earn out of it.
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January 10, 2018, 07:48:43 AM
 #8

Ripple it like a dollar, bankers can emit it in any quantities, why do we buy it at all I do not understand.
I don't understand why do we even talk about ripple?)))
It's completely different and has nothing common with other cryptocurrencies.
Ok, it a currency and it uses encryption - so it's cryptocurrency, but that's all.
It's not decentralized, it's not controlled by the crowd and it's not even for crowd, it's for bankers and businesses.

https://blockchaintd.com/
YuginKadoya
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January 10, 2018, 07:52:25 AM
 #9

Ripple had pump its market cap to $70,301,859,416 then becomes second in the Cryptocurrency rankings But Ethereum had that seat taken again to ripple, And now the price had dip but let's just wait I really think that ripple is not finish in making an awe to its movements and would make a come back let's just hope for the investors of this certain coins that it will still pump in this coming months, because it is certain that it will make a comeback, Let's just wait because other than ripple many Altcoins have pumped their value recently!
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January 11, 2018, 12:04:40 PM
 #10

When the capitalization of Ripple will be bigger than capitalization of Bitcoin then Ripple token will stop its growth believe me. There is time necessary for this. Eventually we’ll see how it will become the reality.
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January 11, 2018, 12:08:08 PM
 #11

When the capitalization of Ripple will be bigger than capitalization of Bitcoin then Ripple token will stop its growth believe me. There is time necessary for this. Eventually we’ll see how it will become the reality.
it will never, how ripple gets hammered caused by the south exchange already delisted from coinmarketcap and that makes ripple lost a lot of value in these days. And people are realizing about the fact to invest in the centralized coin like ripple is not worth anymore. They are rushing to cash out and then move to the new coin.

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January 11, 2018, 12:11:17 PM
 #12

you need to play the long game with Ripple
RondoAnyar
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January 11, 2018, 12:16:12 PM
 #13

it has become commonplace for the movement of coins in cryptocurrency. a coin increases and decreases it happens because in the market experience the same thing. but for ripple it seems to be one of the coins that when it decreases can to rise quickly.

cryptonoob312
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January 11, 2018, 12:19:16 PM
 #14

Looks like Ripple was overpriced recently. Now the price goes back to what it supposed to be. It's always weird when price of any coin goes up dramatically for no reason. That's why I usually wait a few weeks to see will it fall back or not.
fenican
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January 11, 2018, 12:25:01 PM
 #15

BCH solves all of BTC's recent problems with a really simple change to increase the block size to 8MB. If you liked the old BTC as cash, Bitcoin Cash works perfectly well -- no need to go to any alt-coin for that.
bazar111
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January 11, 2018, 12:30:04 PM
 #16

Now bankers can dump price down to 0.5$ easily , and hold it in this range for a very long time , as It was in 2017 year for 6 months already price didnot changed.
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January 11, 2018, 12:51:57 PM
 #17

Ripple is a confusing one for me and I guess it really is down to what the banks want to do with it.  If it's a source of capital growth, then we can expect price growth followed by a dump of coins to cash in on the growth.  This isn't a good investment for us then because we're beholden to someone else's decision.  If banks are using it to quickly and cheaply transmit value then it can be a good investment because it does have good tech under the hood.  As for me... I've been wrong on Ripple before and missed much of the 10x run, but either way I don't like that the value in my wallet is dependent on someone else's decisions.

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Kathan
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January 11, 2018, 12:53:50 PM
 #18

I for myself have still profits from buying Ripple, because i bought when it was much lower than this.
Sure, i could have sold my Ripple as it reached its ATH and fell down, but i wont.

To be honest, i will buy even more Ripple as it falls more..i plan to tripple the amount i actually hold.

Watching and observing the markets let us see, that some coins rise and fall with no physical reason existing.
That in mind i think that Ripple will grow much stronger in the upcoming months.
It may fall even more for now, but thats how it goes.

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January 11, 2018, 01:34:42 PM
 #19

It is getting lower day by day, with the recent lawsuit going on and spreading like wildfire, I think we have to rethink on XRP before buying more.
True that guys will be useless if we buy as much as possible xrp but no high exchange rate So it's better if start trying to invest in various altcoin other who have price movements at any time have changed significantly In order to earn a big income every time.

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January 11, 2018, 01:41:35 PM
 #20

Everything is normal, you can not expect that it will grow without stopping. Although if the 12000 support strikes, we can see a big rally down Smiley
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