Why is Ripple price going mad right now?

[galbros]

While the overhang of the Ripple Labs horde of XRP is very disconcerting, as is the falling out with Jed M, you can't deny that ripple seems to have a lot of development money and effort behind it.  They are clearly the most professional outfit in alt coins these days.

[Agestorzrxx]

You can buy

[btcprice]

Ripple has more Volume in 24 hours

Ripple:        $ 5,515,910
Litecoin:     $ 4,910,850   

Ripple Trade Japan's JPY reaches higher volumes than @Bitstamp's USD.

Just like the Chinese buying up Bitcoin in the fall of 2013 causing a rise in price from $120 to $1100+, the Japanese are buying up XRP. Get in while the getting is good!

[God27]

Ripple has more Volume in 24 hours

Ripple:        $ 5,515,910
Litecoin:     $ 4,910,850   

Ripple Trade Japan's JPY reaches higher volumes than @Bitstamp's USD.

Just like the Chinese buying up Bitcoin in the fall of 2013 causing a rise in price from $120 to $1100+, the Japanese are buying up XRP. Get in while the getting is good!

Japanese now, Chinese soon.. who knows how far the Chinese can take it...

[tokeweed]

While the overhang of the Ripple Labs horde of XRP is very disconcerting, as is the falling out with Jed M, you can't deny that ripple seems to have a lot of development money and effort behind it.  They are clearly the most professional outfit in alt coins these days.

yup.  it's also worth mentioning that the stellar and bitshares teams are among the most professional too.

[MyFarm]

If I buy XRP on Cryptsy, I can I withdraw it to a wallet?  How does that work?

[God27]

If I buy XRP on Cryptsy, I can I withdraw it to a wallet?  How does that work?

Yes but I heard it takes a while.  Also, they will be integrated into the ripple wallet like btc2ripple is right now.

[Anotheranonlol]

While the overhang of the Ripple Labs horde of XRP is very disconcerting, as is the falling out with Jed M, you can't deny that ripple seems to have a lot of development money and effort behind it.  They are clearly the most professional outfit in alt coins these days.

The "Jed effect" seems historically positive. His departure at ground level on gox ushered in a time where under new management everything began to be manipulated to high hell- heading parabolic skyhigh, before crashing and burning back to nothing. By that time he was onto his next venture, and the cycle repeats itself.  same manipulation & spam tx on the ripple orderbooks: https://forum.ripple.com/viewtopic.php?f=1&t=8668



Let's not forget whilst ripple protocol may be useful more than a modest amountof XRP is not required to use the ripple network on a personal level, xrp was never intended to be used as a store of value, and the vast majority is n the hands of private entities and large firms who were given sweetheart deals; siginficant discounts to the recent trading range

 If you beleive in jed effect you would probably be jumping into the 710 million $ cheaper stellar right now

[arieq]

When will the ripple pyramid crash into oblivion? Never seen a 90% premine coin get so pumped artificially and people actually buying it..

[tokeweed]

china getting in the action:  http://coinmarketcap.com/currencies/ripple/#markets

hopefully they drive it up some more. 

[CryptoGuu]

When will the ripple pyramid crash into oblivion? Never seen a 90% premine coin get so pumped artificially and people actually buying it..

it's not an usual crypto pump, banks are pumping. I've bought a lot we will see where it ends. Better XRP as BTC now.

[BTC-Graphicdesigns]

When will the ripple pyramid crash into oblivion? Never seen a 90% premine coin get so pumped artificially and people actually buying it..

You are just butthurt becuase you missed the XRP train. Now shut up fool.

[Hyena]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

[God27]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

A lot of people here received 35,000 ripples at the beginning lol 

[tokeweed]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

[sniveling]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You can use the bridge to send bitcoin to any address from your ripple wallet. The bitcoins you hold in your ripple wallet are IOUs and the bridge owner sends real bitcoins on your behalf.

[Hyena]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You can use the bridge to send bitcoin to any address from your ripple wallet. The bitcoins you hold in your ripple wallet are IOUs and the bridge owner sends real bitcoins on your behalf.

Okey but where exactly is the bitcoin bridge? I don't see anything in rippletrade.com. The linked article is outdated and https://ripple.com/client/ is no longer available.

[tokeweed]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You can use the bridge to send bitcoin to any address from your ripple wallet. The bitcoins you hold in your ripple wallet are IOUs and the bridge owner sends real bitcoins on your behalf.

Okey but where exactly is the bitcoin bridge? I don't see anything in rippletrade.com. The linked article is outdated and https://ripple.com/client/ is no longer available.

you can't 'see' it but it's there. just send your funds to your BTC wallet and ripple sends your BTC via snapswap gateway.

[PirateButtercup]

The Bitcoin bridge is built into he pathfinding algorithm. There is also a PayPal bridge now. Some gateways like RippleUnion in Canada have a bank account bridge.

Calling this a pump and dump is a kinda silly. Go to Ripple Charts - Value - Value Trends and then look at the fiat deposits that have been happening around the globe. Ripple is being tested to replace ACH/SEPA/SWIFT as the fundamental rails for moving currency. Then the banks sign on....merchants go where the money is and consumers can't complain about being able to send any amount of money to anyone anywhere in any currency for free (ish).

In terms of the Japanese, it depends on the time of you look at that chart. I've seen the Europeans swell, the South Koreans, the Chinese....it varies every day. Here is this morning's chart. You can compare to yours take just a little earlier. There are so many millions of dollars flowing in from dozens of gateways around the world that it's gonna change by the hour.



...and the only real "Jed Effect" is that he quits every project he starts with in a year or so.

[Hyena]

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You can use the bridge to send bitcoin to any address from your ripple wallet. The bitcoins you hold in your ripple wallet are IOUs and the bridge owner sends real bitcoins on your behalf.

Okey but where exactly is the bitcoin bridge? I don't see anything in rippletrade.com. The linked article is outdated and https://ripple.com/client/ is no longer available.

you can't 'see' it but it's there. just send your funds to your BTC wallet and ripple sends your BTC via snapswap gateway.

It's a scam. I entered my bitcoin receiving address and sent 0.01 BTC, it's been several hours now and I haven't received anything. What a piece of crap.

edit:
Ok I just received the bitcoins. Boy it took time and ironically the transaction occurred right after I had called it a scam