XRP must be considered a stable coin

[DashingAgent]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

[boyptc]

Cannot change the reality that it is not a stablecoin.

And if there are investors putting their money on it, that is no longer our business. Just like them, it is not their business wherever we put our money.

[WalkerIVIV]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

I do agree with it. So many people were blindly buying XRP due to the spark token airdrop. I have asked some of my friends about whey they were buying XRP but they said that they wanna try to bet on the spark token.
XRP didn't have utility usage. When xrp can be classified as a security coin and it didn't even give passive income or benefit to the holders.
This coin like a coin that has no usefulness. Those smartcontract platforms are much better than this coin. XRP is overvalued at this moment.

[noorman0]

You need to know how crypto can be considered stabelcoin and XRP has no conditions that are accepted as stabelcoin, especially the stable assets that back it up. Although ripple has won the trust of some of the world's major banks, it is unable to turn this type of coin into a stablecoin.

[cryptoaddictchie]

I do agree with it. So many people were blindly buying XRP due to the spark token airdrop. I have asked some of my friends about whey they were buying XRP but they said that they wanna try to bet on the spark token.

This is the only reason why it pumped so hard. I dont think they evolve much when it comes to output, once the airdrop of spark tokens is done, I'm sure this will drop the price veyy hard. I dont know but that's the thing about Snapshot airdrop or fork, the coin usually pumped and eventually drop after getting the free tokens.

I don't know OP why you think xrp is suited as stablecoin? I'm using it sometime due to its really low fee and fast transaction but never get the idea xrp would be stablecoin somehow.

[tranthidung]

XRP must be considered a stable coin

What is stable coin? You must read the term of stable coin before you make your proposal.
Even some long lasting stable coin like Tether USD (USDT) is not truly stable as most of crypto investors thoughts. It changes with bitcoin rises or falls and the margin of USDT changes are not small enough to consider it as a perfect stablecoin. Of course, its votality is less than bitcoin or other altcoins so that you can call it as a stablecoin but beware of its votality.

XRP is an altcoin and much more volatile than USDT. It is not a stablecoin, never. You can not call a coin that has exponential rise in few days (past 2 weeks) as a stablecoin.

XRP must be considered a stable coin to better understand this project.

Disagree with you. People will be cautious of XRP if they know that it is a centralized altcoin.

There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

At the end, your topic is to promote or free advertise other altcoins by taking the name of Ripple in OP.

[Akiko]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

If they make it stable coin do you really think there are investors will invest in this project? It will only use as a currency to convert  to BTC like what USDT have.

Being volatile is the reason why many people buying this currency even it's a centralized coins, it's because they know they can get profit with it someday or when the price increase or decrease.

[asus09]

Better you buy and hold XRP right now because have snapshot to earn new coin spark token, almost 28 exchanges have support for this snapshot with good ration, hold xrp you will earn spark token with ratio 1:1 and many investor will buy and hold XRP begin from now until snapshot on 12 December, before price going up you have get moment right now during Ripple still lower price and have bigger chance for holding as snapshot to get new coin or sell later until one or two days before snapshot and you will get much profit, this happen because almost exchange support with snapshot to earn new coin and make many investor available to hold xrp in any exchange.

[CapGelatik]

Don't be like that, it will endanger the ripple community too, if XRP is a stable coin,
then everything will lose, so it's better that Ripple is not coin stable, ripple is ripple.

[mk4]

Saying that XRP must be considered a stable coin is like saying that mayonnaise should be considered a musical instrument.


https://www.youtube.com/watch?v=cYdpnsKXoG0

[marcous]

However, XRP is still showing its performance by collaborating with real projects.  So that it is still possible to make the price go up, while before dumped many have attracted their investment in XRP.  After dump, XRP held a news that make price increased. if you are a daily trader who plays scalping maybe it would be better to enter another coin

[Xxmodded]

However, XRP is still showing its performance by collaborating with real projects.  So that it is still possible to make the price go up, while before dumped many have attracted their investment in XRP.  After dump, XRP held a news that make price increased. if you are a daily trader who plays scalping maybe it would be better to enter another coin

Benefit from XRP because have collaborating with real project partner and the last update Ripple have success get new partner with bigger bank in England is Standard Chartered Bank, I think is most wonderful how RIPPLE become most serious with getting best partner company adoption in Ripple, maybe why Ripple suddenly up more than thousand percent last weeks because I have check on Ripple website have put Standard Chartered Bank as their partner and have any other real project partner for Ripple.

[Paycoinzzz]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

 I am not biased for any altcoins in the crypto market, each with each strategy and way of making money so cannot force them to buy according to their plan. Depending on each person's vision and goals, they will choose to buy their own altcoins.
For example, I will wait for news of main event in the coming months to buy altcoins and wait for it to dump strongly. Here are many hot events coming up with altcoins, everyone can check out.


Source : CryptoDiffer

[Bitcoin_Arena]

A stable coin whose price just fluctuates at will? 
I am not sure If you know the meaning or purpose of a stablecoin but in case you don't then you should be aware that a stablecoin usually has a price pegged on the price of some other fiat currency or asset and this is possible is the coin is 100% backed by an equivalent value of fiat or asset.

At this point I don't think XRP has any of the characteristics and even if it had, what price exactly will XRP be pegged to?

[X-ray]

XRP was not a scable coin and it doesn't backed by the fiat currency to remove the volatility of coin. I think that you wanna consider it as a stable coin consider XRP lacks of volatility. I don't agree at all with it.
XRP is still volatile even if that was not so volatile as another major coin. It looks like you are not feeling good with XRP caused by the movement of XRP is not so impressive since the last pump.

[samcrypto]

XRP as a stable coin is a big joke, have you seen the price movement of XRP in the past months? its quiet too much for a stable coin. Anyway, XRP is still doing great so what’s the need for claiming XRP as a stable coin, the team is too focus on dealing with the banks and that’s a great news for the investors, but still XRP is not a stable coin.

[TinaK]

XRP must be considered a stable coin

XRP must be considered a stable coin to better understand this project. There is much hype which is not good as investors are putting their money on this project which is having no future except that it is a medium of payment. I think the much better investments are tezos, neo, eth at this time.

How you think it will be a stablecoin, It is a banking support coin so it is really good platform to invest in this year. May be market stability is change your mindset or you think different set of assumption in this coin. In reality it is a huge volume marketcap so sudden change is impossible in short term, may be big whales are enter in the market it will  pump and dump. I think you suggest tezos, neo and eth investment, but no one listen your thoughts because of your view in XRP.

[btc_angela]

Nah, I doubt that the people behind the project will allow their beloved XRP to be pegged or be a stable coin. It's already centralised and they are making a lot of profits so why change it?

Besides, we already have a bunch of stable coins in the market, no need to add another. And XRP has it's own goal now, to be used as remittance, again billions of profit for them.

[eXtremal]

as I know XRP is not a stable coin, you bet there because you only see an upward trend in the xrp coin, of course it must have a reason, namely, many people bet because of the harfork, and just be sure when the holder and feel the snapshot is over, partly big people will also throw it, xrp is only temporarily on the verge of increasing, I prefer to invest in ETH

[Reid]

Is it really that confusing?
As an investor of XRP I don't think so.
I mean, I don't buy much of it just some amount that can make little profits when it swings.

Plus, when you invest with one project you don't just bust in without proper knowledge about it.
I think it should stay the way it is and it's not even backed by any fiat currency. So it's okay. Just have to live with that fact.