Ripple price in January. And your opinion about Ripple Protocol future!

[mah87]

Choose the closest price of Xrp on january 2014 in your opinion.

Actual price is around 1$=75xrp.

A quick list of actual important events around Ripple:

-ripple is open source since september 26th.https://ripple.com/forum/viewtopic.php?f=2&t=3718
-Money2020 conference in lasvegas (ripple will announce its partnership with Zipzapinc) https://ripple.com/blog/win-free-tickets-to-the-exclusive-money2020-ripple-developer-conference-and-50000-xrp/

Several meetings where Ripple appears:
-bitcoin europe meeting in amsterdam this week https://ripple.com/forum/viewtopic.php?f=1&t=3699
-silicon valley meeting https://ripple.com/forum/viewtopic.php?f=1&t=3685
-TechPanel in San Fransisco https://www.youtube.com/watch?v=6fTUiSqS5sU

I'm probably missing some stuff but here you have some elements.

[mah87]

Don't hesitate to comment your vote !

[mah87]

UP ! UP !!

I want more votes and more comments !

[claycoins]

A user has to have at least 100xrp to use the network.  If opencoin really want it to become global with say hundreds of millions of users then they will want to keep the cost of 100xrp to around a certain price that people would be willing to pay.  What this is I am not sure.

[Sukrim]

I would guess something below 10 USD should be a realistic amount that one would be willing to pay for a payment account in an unknown payment network - about 1/5th of what my credit card costs per year(!).

The minimum reserve amout is at 50 XRP atm. though and might go down, if the validators agree - 100 XRP are likely lasting for at least a VERY long time or maybe even a lifetime.

[Coinseeker]

A user has to have at least 100xrp to use the network.  If opencoin really want it to become global with say hundreds of millions of users then they will want to keep the cost of 100xrp to around a certain price that people would be willing to pay.  What this is I am not sure.

It doesn't really matter because nodes on the network can vote to reduce account minimums.

I went with $1=25XRP.  I think that's a conservative number but also realistic.  There are many big developments that can happen but that's still only a couple months away.  Barring a Paypal, Google Wallet or major bank integration, I think we can expect a continued rise in value but also a solid cap based on low adoption, low liquidity and huge XRP supply.

[Marbit]

A user has to have at least 100xrp to use the network.  If opencoin really want it to become global with say hundreds of millions of users then they will want to keep the cost of 100xrp to around a certain price that people would be willing to pay.  What this is I am not sure.

It doesn't really matter because nodes on the network can vote to reduce account minimums.

I went with $1=25XRP.  I think that's a conservative number but also realistic.  There are many big developments that can happen but that's still only a couple months away.  Barring a Paypal, Google Wallet or major bank integration, I think we can expect a continued rise in value but also a cap based on low adoption, low liquidity and huge XRP supply.

It is one BIG supply of XRP considering this market...

[claycoins]

A user has to have at least 100xrp to use the network.  If opencoin really want it to become global with say hundreds of millions of users then they will want to keep the cost of 100xrp to around a certain price that people would be willing to pay.  What this is I am not sure.

It doesn't really matter because nodes on the network can vote to reduce account minimums.

I went with $1=25XRP.  I think that's a conservative number but also realistic.  There are many big developments that can happen but that's still only a couple months away.  Barring a Paypal, Google Wallet or major bank integration, I think we can expect a continued rise in value but also a solid cap based on low adoption, low liquidity and huge XRP supply.

I should have phrased it better I just meant you had to buy 100 initially to get a funded account.  Is this hardcoded or can they change that?

[Sukrim]

It was already changed a few months ago to a 50 XRP account reserve and can be changed again, if a majority of validators accept a special transaction that changes this amount.

[scarsbergholden]

Price is gonna plummet! 

[Coinseeker]

A user has to have at least 100xrp to use the network.  If opencoin really want it to become global with say hundreds of millions of users then they will want to keep the cost of 100xrp to around a certain price that people would be willing to pay.  What this is I am not sure.

It doesn't really matter because nodes on the network can vote to reduce account minimums.

I went with $1=25XRP.  I think that's a conservative number but also realistic.  There are many big developments that can happen but that's still only a couple months away.  Barring a Paypal, Google Wallet or major bank integration, I think we can expect a continued rise in value but also a solid cap based on low adoption, low liquidity and huge XRP supply.

I should have phrased it better I just meant you had to buy 100 initially to get a funded account.  Is this hardcoded or can they change that?

It was already changed a few months ago to a 50 XRP account reserve and can be changed again, if a majority of validators accept a special transaction that changes this amount.

+1  Yes, it can be changed.  When in doubt, listen to Sukrim.  He knows his stuff. 

[Coinseeker]

Price is gonna plummet!  

Care to elaborate on why?

[tokeweed]

Price is gonna plummet!  

Care to elaborate on why?

so he can buy. he missed the opportunity to buy. mow he's scared to go in and would rather wait for it to 'plummet'.

[wiggi]

$1=25...50xrp range.

It's too tempting to take some profits here if you own billions of Xrp.
Long term it can go much higher.

[scarsbergholden]

I'm just trolling, guys, LOL. 

I still have 30k xrp that I will keep holding for a while, I am not tripping on it too much. But when it comes down to it, no matter how great Ripple could be, or is, or how widely adopted..... how does that make xrp any more valuable? there's so many xrp, and like 100-200 is likely enough for most people to use a wallet for life. why should it become so valuable? i think people in this early stage see xrp value as correlated to the health of the Ripple network, but it isn't, and i don't know how this will go in the long run. In that sense, this is part price discovery, part pump and dump. Hard to say what the value of xrp "should" be when it has no practical use. And considering the vast supply, it won't just equalize at what people are willing to pay to join the Ripple network.

[mah87]

I'm just trolling, guys, LOL. 

I still have 30k xrp that I will keep holding for a while, I am not tripping on it too much. But when it comes down to it, no matter how great Ripple could be, or is, or how widely adopted..... how does that make xrp any more valuable? there's so many xrp, and like 100-200 is likely enough for most people to use a wallet for life. why should it become so valuable? i think people in this early stage see xrp value as correlated to the health of the Ripple network, but it isn't, and i don't know how this will go in the long run. In that sense, this is part price discovery, part pump and dump. Hard to say what the value of xrp "should" be when it has no practical use. And considering the vast supply, it won't just equalize at what people are willing to pay to join the Ripple network.

100B xrp.

200xrp is actually far enough to fund an account (50xrp) and trust lines (let's say 6*12.5=75) and let enough xrp for almost a life time (75xrp).

RippleLabs(OpenCoin) use the xrp to fund the company but also to make the network grow of course.

So 2millions xrp are need for a new partner to fund his potential 5000 (future)customers account.

=> 100B is enough to fund 500millions accounts
=> or 100B is enough to launch 50 000partnership with 10 000 customers each.

It's just a way to see what "area" can cover those 100B xrp.


What 's your opinion ?

[Argwai96]

100 billion xrp? how much could one possibly be worth? doesnt sound like it could be that much to me. what do you think?

 

[tokeweed]

with that volume. its really hard to tell. someone could just buy it up or sell it down at will.

[Gimmelfarb]

with that volume. its really hard to tell. someone could just buy it up or sell it down at will.

yeah there is so little depth i really can't make heads or tails of where it will go! 

[viboracecata]

$1=100xrp is the best match.