The Ripple Thread

jon1981

Autochange wrote: »

Where are you buying that you are getting in so early at such low price?

Strange question? You know price is not determined by the exchange right? (except for a small spread fee)

lifeandtimes

JaCrispy wrote: »

The question really is when....not where.

"where we are going we dont need roads marty!"

epopnomis

Is it just me or is ripple tumbling.... I bought back in at 2€

Dutchy

They're all falling. Rapidly.

jon1981

No such thing as bad profit ... remember that.

TheSheriff

Top 17 coins on CMC are in the red.......

JaCrispy

I pulled all of my XRP at just over €2. I believe in the project so will buy back in when things settle down.

EKRIUQ

Some good solid posts regarding Ripple here, realistically how big can Ripple really get $5, $10, $20? ripple just has so many coins available. I think I might transfer my initial deposit to another coin, to make money on ripple you are going to need thousands.

Going by todays trends it could be a good day to buy!

Autochange

jon1981 wrote: »

Strange question? You know price is not determined by the exchange right? (except for a small spread fee)

Yes I know that. I just meant getting in early on the coins before they hit the bigger exchanges.

In pretty new to this. It was an honest question.

GreeBo

Autochange wrote: »

Yes I know that. I just meant getting in early on the coins before they hit the bigger exchanges.

In pretty new to this. It was an honest question.

You just buy them on whatever smaller exchange they are available on.
There is no secret to it.

jon1981

XRP was already on Binance when I bought in at 60-70cent. The exchange had little to do with it climbing to 2-3 dollars. Thought it might have had something to do with it going from 10cent to 60cent...I dunno.

What got it to 3 dollars was the hype kicking in and all the additional press as it got into the top 10.

A "momentum play"

Autochange

GreeBo wrote: »

You just buy them on whatever smaller exchange they are available on.
There is no secret to it.

In keen to get on to Cryptopia but no new registrations at the moment.

JaCrispy

Autochange wrote: »

In keen to get on to Cryptopia but no new registrations at the moment.

They're upscaling so will be open soon I reckon. It's a very good exchange, orders always work and instantly appear in your wallet. Currently their LTC and DOGE markets are paused while they cope with demand. They don't have Ripple though.

lifeandtimes

the tumble is down to CMC

https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/

Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :
CMC removed Korean exchanges
Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
Random stuff happening
My opinion is that this should have been handled much better by CMC. At least put a banner saying "WE HAVE EXCLUDED KOREAN EXCHANGES BECAUSE OF THIS OR THAT AND IT WILL HAVE SUCH INFLUENCE ON CALCULATIONS". I just hope they do not put back and remove those exchanges at random point in time. Any thoughts

Shauny2010

It's a bit amateur to be relying on CMC for prices.
Save your F5 key
Use coincap.io

EagererBeaver

Autochange wrote: »

JaCrispy wrote: »

The question really is when....not where.

No it's where. Some coins initially start on smaller markets , gain value and then are added to bigger exchanges or Binance but by then the real window of opportunity is gone.

Cryptopia is one such place but it's closed to new folk at the minute

No, it's when.

Ripple is not some new fangled coin that has come out of nowhere to surprise everybody. It was available for a fraction of its current value six weeks ago on multiple exchanges.

Autochange

EagererBeaver wrote: »

No, it's when.

Ripple is not some new fangled coin that has come out of nowhere to surprise everybody. It was available for a fraction of its current value six weeks ago on multiple exchanges.

Ok. Excuse my new to the crypto world ignorance.

cravings

it's been around a lot longer than 6 weeks.

EagererBeaver

cravings wrote: »

it's been around a lot longer than 6 weeks.

Nobody said it hadn't but thanks for reinforcing my point.

smacl

smacl wrote: »

Seems to be dipping again. If it drifts back to $2.50 I might take a punt.

And picked up a small amount at $2.18 on Kraken. Interested to see where it goes.

el diablo

ZeroThreat wrote: »

bought in at $0.20, sold at $2.75, I'm done with XRP.

Similar to me. I got in at $0.165. Time to sell as I can't see it climbing much higher.

el diablo

Autochange wrote: »

Where are you buying that you are getting in so early at such low price?

I bought it on Kraken early last summer. Certainly wasn't difficult to find an exchange that listed XRP.

Chrongen

The Japanese DMM network are supposed to list XRP tomorrow, January 10th. I don't know what effect that will have on the price. Doubt it will send it skywards but it is certainly positive news. DMM has 27 million subscribers.

mik_da_man

Chrongen wrote: »

The Japanese DMM network are supposed to list XRP tomorrow, January 10th. I don't know what effect that will have on the price. Doubt it will send it skywards but it is certainly positive news. DMM has 27 million subscribers.

Doesn't seem to have done any good...

TheSheriff

mik_da_man wrote: »

Doesn't seem to have done any good...

Hasn't started yet, market is launching the 10th, with users allowed trade from the 11th.

Ill hold what I have left till then, if it doesn't go up ill sell at this point.

Expecting to see some small jump.

jon1981

Starting to dawn that the Emperor has no clothes maybe? Relying on addition to exchanges to drive price is not enough.

jon1981

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn


The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

99 Bortles of Beer

Not a Ripple specific question but one I'm sure some of you can answer having invested in it.

My route to investing in Ripple was to buy ETH on Coinbase using my debit card, then transfer ETH from Coinbase to Binance, then buy Ripple on Binance using my ETH....

To sell, I'll be doing the reverse, i.e. selling my Ripple on Binance for ETH, then transferring my ETH from Binance over to Coinbase, and then cashing out to EUR on Coinbase - what are the withdrawal options? Does it get put back on the same debit card, or can I select a different account/card to cash out on?

MightyMandarin

jon1981 wrote: »

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn


The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

But what if the current value is already overvalued af and the real value of ripple is <50c?

lifeandtimes

MightyMandarin wrote: »

But what if the current value is already overvalued af and the real value of ripple is <50c?

You just have to have faith in the company and what they say they are going to do

jon1981

MightyMandarin wrote: »

But what if the current value is already overvalued af and the real value of ripple is <50c?

I think that's an option and probably accurate.

Dades

99 Bortles of Beer wrote: »

To sell, I'll be doing the reverse, i.e. selling my Ripple on Binance for ETH, then transferring my ETH from Binance over to Coinbase, and then cashing out to EUR on Coinbase - what are the withdrawal options? Does it get put back on the same debit card, or can I select a different account/card to cash out on?

I seem to remember reading they can't (won't) pay out on to a debit card.

I'd say you need to set up an EU account for a SEPA transfer out.

FLOOPER

Can I ask people here whats the disadvantage of using Etoro.

I'm aware you're not buying actual currency but on the flip side you won't have to pay any tax i.e. 20% Capital Gains Tax.

Charges are minimal as well although the exchange rates are a couple of points above retail (it's USD fuelled).

So whats the catch.

GarIT

IMO most if not all cryptos are currently valued at more than they are worth, all values at the moment are based on potential and not current utility.

Besides that point, you can't compare crypto to companies, saying ripple is worth more than PayPal is like saying all the euro in the world is worth more than PayPal. You need to compare crypto to currencies or at least commodities not companies.

lifeandtimes

prepare for a boost

https://twitter.com/bgarlinghouse/status/951457716660142081

Tinder Surprise

lifeandtimes wrote: »

prepare for a boost

https://twitter.com/bgarlinghouse/status/951457716660142081

That's very good news in fairness.

Hopefully, the price reflects it soon, if not then current price is its true value at this point in time imo


edit: Just shot straight back up to $2 WOW if you just bought in the last hour

lifeandtimes

Tinder Surprise wrote: »

That's very good news in fairness.

Hopefully, the price reflects it soon, if not then current price is its true value at this point in time imo

its up 3% in the last 20 minutes

Dohnjoe

Good news doesn't automatically boost price. It's a combination of factors, including type of news, current trends in the market, sentiment, volatility, recent price rises/drops .. a whole range of stuff

Highly speculative market in high speculative digital assets (most of which only have hypothetical use) is very whimsical

TheSheriff

Brad must have been up late last night thinking about best to increase his net worth

Tinder Surprise

Dohnjoe wrote: »

Good news doesn't automatically boost price. It's a combination of factors, including type of news, current trends in the market, sentiment, volatility, recent price rises/drops .. a whole range of stuff

Highly speculative market in high speculative digital assets (most of which only have hypothetical use) is very whimsical

teach me sensei ..teach me!

Tinder Surprise

TheSheriff wrote: »

Brad must have been up late last night thinking about best to increase his net worth

Id say more a case of hold til needed on that news

lifeandtimes

now at 2.22 dollars

dashoonage

all the lambos so many lambos...and they all go round and round....

GreeBo

jon1981 wrote: »

I posted this elsewhere but

To put it in perspective

Market cap of
S&P 500 - 23tn
Google - 770bn
Apple - 885bn
Nvidia - 134bn
Mastercard - 168bn
Paypal - 95bn


The point being these are companies or listings of companies around decades with multiple products and millions if not billions of customers. Revenue generating. Strong brands. Strong network effects.

We're effectively saying Ripple is nearly worth as much as Nvidia or Mastercard and MORE than Paypal???!

Putting the pragmatic hat on for a second:

1) if Ripple is at 99bn right now with no real revenue or customer base of note then the future value is already in today's price with assumptions product, customers and revenue will follow.

2) Ripple price will be highly volatile as any slip along the road will introduce doubt on achieving this future state.

3) What if the next 5 yrs is already baked in today's price? You'll see ripple move between 2-5 dollars as it moves along its journey to either success or failure. If success then yes it may break out above 5.

However this then makes Ripple bigger than MasterCard and PayPal together... how real is this? Maybe in 5-10yrs...assuming the stars align.

This is a 5 year play and may go nowhere. Too much FUD about and not sure what is fact or fiction about this company.

i've said it before and I'll say it again.

Crypto is not a company, you are not buying shares you are buying a currency/commodity.

The world's gold supply would have an implied market cap of $7.07 trillion dollars...so what does that mean for XRP?
How much USD or EUR is in the world?

You are doing apples to oranges comparisons.

chakotha

Big 25+% surge since 2pm on Bitfinex.

Moneygram are going to test use the XRP token.

https://techcrunch.com/2018/01/11/ripple-announces-an-actual-customer-for-xrp-brackets-ok-its-a-trial/amp

Now what. I sold on Monday.

Lord Nikon

https://www.cnbc.com/2018/01/11/moneygram-to-test-payments-with-ripple-xrp-cryptocurrency.html

Watch the price go up up up

TheSheriff

While i am a big fan of XRP it worries me how much mob mentality is associated with this particular coin.

One tweet from the CEO to surge the price when he has such a huge vested interest.

lifeandtimes

TheSheriff wrote: »

While i am a big fan of XRP it worries me how much mob mentality is associated with this particular coin.

One tweet from the CEO to surge the price when he has such a huge vested interest.

its a new age, companies dont need to have big press releases, their use social media to alert their followers, him and money gram tweeted their new deal and it had the effect they wanted

Tinder Surprise

lifeandtimes wrote: »

its a new age, companies dont need to have big press releases, their use social media to alert their followers, him and money gram tweeted their new deal and it had the effect they wanted

It hit €2.60 and now floating around €2.12

Be interesting if it slips below $2 again

mik_da_man

Tinder Surprise wrote: »

It hit €2.60 and now floating around €2.12

Be interesting if it slips below $2 again

Where did it hit those prices..?