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Author Topic: XRP: What is the main aim right now?  (Read 271 times)
JollyGood
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July 07, 2019, 03:23:33 PM
 #1

As an XRP investor I am happy to hold and very happy to see small incremental increases in price rather than the higs and lows of Bitcoin and to a lesser extent Ethereum.

If XRP was circulating at a stable $0.75/$0.80 at the end of the year 2019 I would think of it as a success.

XRP continues to occupy the 3rd spot by biggest market capital and is trading very high volumes and the price is easily within range for even the most novice and careful of investors to add XRP to their portfolio. Things still look very good for both XRP and Ripple.

Right now the Moneygram deal has been announced and regular news about fintechs using/testing xRapid/Ripple appears frequently but what do you think the main aim of Ripple Labs is for the near future versus to the mid-to-long term?

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July 07, 2019, 03:53:16 PM
 #2

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.
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July 07, 2019, 04:19:14 PM
 #3

As an XRP investor I am happy to hold and very happy to see small incremental increases in price rather than the higs and lows of Bitcoin and to a lesser extent Ethereum.
As long as you're happy with your investment, everything's fine.

XRP continues to occupy the 3rd spot by biggest market capital and is trading very high volumes and the price is easily within range for even the most novice and careful of investors to add XRP to their portfolio.
No, I'm good. There is no room in my portfolio for xrp

Things still look very good for both XRP and Ripple.
Really? Istn't xCurrent their flagship product; and I read somewhere at the beginning of the year that not a single xCurrent user has chosen xRapid yet.
and as we all know, xCurrent does not require XRP.

Right now the Moneygram deal has been announced and regular news about fintechs using/testing xRapid/Ripple appears frequently but what do you think the main aim of Ripple Labs is for the near future versus to the mid-to-long term?
The main aim of Ripple Labs? Presumably to bring new xrp from the escrow into circulation.  Wink
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July 08, 2019, 08:27:12 AM
 #4

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.
Ripple foundation is not yet even dumped the pre mined coin and imagine what already happened when it will have dumped to the market. Jed mccalleb is the best example about how ripple is only a scheme to make the creator become the rich person lol this just like a pyramid scheme

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JollyGood
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July 08, 2019, 10:25:05 AM
 #5

There seems to be some negativity against XRP and Ripple but it seems without foundation.

XRP has a purpose and actual use in the real world, so does Ethereum. Bitcoin is the base rate crypto currency. Keeping those three aside you are hard pushed to find any crypto with any actual usage or functionality.  99% of the coins and tokens out there are useless and well as pointless.

Ripple might not decentralised but that cannot be used as an excuse to attack it. Nor can currently locked founder XRP be used as a reason to say XRP will fail. All Ethereum based ICOs also have founder tokens that are immediately available or locked until a specific date.

Keeping the FUD aside and looking at it purely as an investment, XRP is a great option to consider.

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July 08, 2019, 11:08:19 AM
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 #6

your comment about your "investment" and success doesn't make sense to me at all.
consider that you are not talking about a separate market or a completely separate asset in a different world. if you were for example saying "Gold" has gone up 5% in the past 6 months then it would have made sense. it would have been a successful and good investment because it is a DIFFERENT market.

but when you are talking about an altcoin you are in the same market and the same world as bitcoin and in that world where bitcoin has gone up 250% in the past 6 months and XRP has gone up only 5% against USD while dropping ~70% against bitcoin, i honestly can't understand which part of this investment you are happy about?

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July 08, 2019, 12:44:04 PM
Last edit: July 08, 2019, 02:19:47 PM by JollyGood
 #7

your comment about your "investment" and success doesn't make sense to me at all.
consider that you are not talking about a separate market or a completely separate asset in a different world. if you were for example saying "Gold" has gone up 5% in the past 6 months then it would have made sense. it would have been a successful and good investment because it is a DIFFERENT market.

but when you are talking about an altcoin you are in the same market and the same world as bitcoin and in that world where bitcoin has gone up 250% in the past 6 months and XRP has gone up only 5% against USD while dropping ~70% against bitcoin, i honestly can't understand which part of this investment you are happy about?


In the event I made a mistake of purchasing XRP for $3.65 each in January 2018 and now find the price at $0.39 I would be extremely worried but thankfully I did no such thing and did not make that mistake.

If in a relatively short period of time Bitcoin increased by 250% and XRP increased by 5% that stands to reason people would conclude what they want about their investments or observations but for me I purchased my XRP years ago for way less than $0.01 each and could not be happier. So whether I sold all or some of them in the December 2017 / January 2018 bull-run peak price for $3.65 each or whether I sell now at the current price of $0.39 means I am very happy with my XRP investment because I will make a significant return on my initial investment.

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July 08, 2019, 01:52:38 PM
 #8

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!
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August 21, 2019, 05:52:20 PM
 #9

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!


 I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000

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August 22, 2019, 07:30:09 AM
 #10

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!


 I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000
USAGE USAGE USAGE
Xrp is struggling to find any. Millions are dumped regularly because of this.  Lots of companies and bank like ripple (software) but dont need or want xrp (the token)
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August 22, 2019, 10:22:13 AM
 #11

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.

There is no reason to say that ETH or IOTA is superior, ETH has little potential compared to XRP. Thats the truth.

IDK why XRP is doing so poorly, TA longterm suggests that we are at the one of the lowest points in XRp history. This is why decided to buy. But the short term price action does not seem good, we need to have uptrend movement soon, otherwise xrp risks lower lows.

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August 22, 2019, 03:07:05 PM
 #12

I wouldn't trust xrp's volume as they have little actual usage. Millions are dumped regularly so the price doesn't look good long term or short. This coin is very shady, please invest in a superior alt like eth or iota.

There is no reason to say that ETH or IOTA is superior, ETH has little potential compared to XRP. Thats the truth.

IDK why XRP is doing so poorly, TA longterm suggests that we are at the one of the lowest points in XRp history. This is why decided to buy. But the short term price action does not seem good, we need to have uptrend movement soon, otherwise xrp risks lower lows.

You cant figure out why xrp is doing badly? Are you joking me?
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August 22, 2019, 05:15:53 PM
 #13

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!


 I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000
USAGE USAGE USAGE
Xrp is struggling to find any. Millions are dumped regularly because of this.  Lots of companies and bank like ripple (software) but dont need or want xrp (the token)


There might be much more to it than what you said but things are not looking good. Maybe hitting the all time highs of $3.60 are a long way off.

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August 22, 2019, 06:48:11 PM
 #14

I still believe strongly in the XRP use case. There have always been questions over circulating supply, and what proportion of the quantity (currently 43b) listed on CMC are actually truly circulating without selling restrictions (Jed etc). I'm not that concerned. It's an extremely strong project with one of the most solid use-cases in al of crypto. For me it's still a good long-term coin.

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August 23, 2019, 10:46:34 AM
 #15

I still believe strongly in the XRP use case. There have always been questions over circulating supply, and what proportion of the quantity (currently 43b) listed on CMC are actually truly circulating without selling restrictions (Jed etc). I'm not that concerned. It's an extremely strong project with one of the most solid use-cases in al of crypto. For me it's still a good long-term coin.


Thank you for the post.

Do you think it will reach the all time high of over $3.60 any time soon?

It is struggling to keep its head above the $0.30 mark right now and is falling below.

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August 23, 2019, 11:32:49 AM
 #16


You cant figure out why xrp is doing badly? Are you joking me?

Shed light to the truth then.
XRP has much more potential than ETH, there is very little usage of ETH nowadays . ICO boom has died down,and applications on current ETH are slow and not rational to make. The problem with XRP as others has suggested here would be the difference between ripple tech and and the ripple usage itself.

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August 23, 2019, 02:32:04 PM
 #17

XRP: What is the main aim right now?

Main aim is to give away for free 57 billion of XRP that is left to be given out for free. XRP is like Christmas for bankers Smiley

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August 23, 2019, 08:59:07 PM
 #18

The majority of of xrp holders will defend it until death. It must feel terrible knowing you invested alot of money into a crypto that is slowly dying. The reason I say this, is that almost every other big alt has increased since the start of the year. Xrp just keeps dropping,  stay clear of this shady coin folks!


 I have to say it is quite disheartening to see the XRP price so low especially while Bitcoin is trading over $10,000

The potential recognition of XRP as a security in the USA may not attract investors but scare them away due to increased regulation of the coin. Ripple can fall further, and here, this currency does not depend on Bitcoin. On the other hand, when BTC is going up, Ripple is supposed not to fall at least.
However, its popularity is pretty low now which affects its price negatively.

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August 23, 2019, 10:15:11 PM
 #19


You cant figure out why xrp is doing badly? Are you joking me?

Shed light to the truth then.
XRP has much more potential than ETH, there is very little usage of ETH nowadays . ICO boom has died down,and applications on current ETH are slow and not rational to make. The problem with XRP as others has suggested here would be the difference between ripple tech and and the ripple usage itself.


I agree about ICOs now being few and far compared to the 2017 craze and also think that Ripple has potential that ETH has not but it is a matter of trying to get it used widely.

I still believe in XRP but am not happy at the way the price has fallen below $0.30

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August 24, 2019, 02:32:01 PM
 #20


You cant figure out why xrp is doing badly? Are you joking me?

Shed light to the truth then.
XRP has much more potential than ETH, there is very little usage of ETH nowadays . ICO boom has died down,and applications on current ETH are slow and not rational to make. The problem with XRP as others has suggested here would be the difference between ripple tech and and the ripple usage itself.
No usage for eth?? It has the most amount of active developers,  it's the leader in smart contracts platforms, its poised to lead decentralized finance. Have you heard of nightfall? Many blockchains are being built on , its market effect and network is huge. Please tell me how xrp can compare? Not ripple , xrp. Because xrp hodlers seem to confuse the two alot.... Banks might use ripple software but have no need or demand for the token. The fact that it is 3rd place despite very little usage and constant dumping is remarkable. Banks will adapt and make their own coin and swift will adapt and nullify any need for xrp.
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