thanks @elebit i appreciate your answers, im just exploring this thing, wanting to decide if holding XRP for some time or just speculating for short time.

I understand from your words that XRP is only used for FX then?

This IS NOT apparently Ripple bussiness model. Maybe it can get to that extreme, but it would be a good bussiness decision.

1. They claim to be releasing the XRP supply through a curve that is available to study on their portal.
2. They are announcing to have put the supply on escrow, and to be in the way of decentralization... (i guess they gotta be appealing to some of the BTC flock right

People arent meant to be using these "shit". Banks are. The more banks they use it for their Forex, the more up XRP goes. To scream that the company is waiting to "scam" its users is very unreasonable.

This i cant argue because i lack good understanding of this seignorage concept. However, we could fall back to a safety net -> Doing this (failing to fullfill and deliver expextations to some extent), will in fact go against their roadmap and long term plans. right?




Ok, my understanding is that Ripple is the company providing the platform and tech, but the tech is XRP itself. XRP is the token that enables fastest money transmission available, up to 1000 trasactions per second according to their claims, capable of handling visa volumes. So there isnt any money transmitting without XRP. So yes, the banks use platform to make transactions between currencies, and the platform uses XRP.

Quoting XRP portal -> "Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts."

And about the the tech, it not just for the tech. I dont go with ETC cause it hasnt won the "battle". Tech is a base and a fundamental but it isnt all. Look at BTC, many can argue that it is NOT AT ALL the best crypto tech outta there, but most still support it right?

Really im not sure if i got it right, but by looking at most ppl responses, i think is just everybody is "cheerleading" blindly BTC. As i said earlier, i love BTC (and most of my tiny investment is on BTC), but ppl really need to NOT MARRY AN ASSET and make their research properly (not meaning you, but the fanatic replies). Again i dont know if i got all correct, but at least im trying to look at it rationally. Thanks for your response BTW.

exaclty, this is why RIPPLE is unique in the crypto space. Because its not designed for the end user, but instead for the bank. Its B2B.
All the crypto revolutionary technology has been focusing on end users. Finally theres one that is focused on the banking industry.

BTW i forgot to say before that a third party IS needed for creating a model that banks will adopt. Either consensus on a model or a third party providing a system. What would be crazy is for the banks to make each of them their own tool or software. XRP works as a common ground, a new standard.

All the other cryptos are tools for the end user. So i stick with BTC the leading one.

Then ETH is promising to use blockchain for a whole new layer of possibilities, so wow.


all the rest arent different or mostly are copies of either BTC or ETH but with less brand n momentum



EDIT: i just checked the RIPPLE web again, man im ULTRA BULLISH on this (so 70% on BTC, 20%XRP, 10%ETH) 

so banks dont use CRMs? saap? so banks dont use any system or solution that its not built in house by them? come on

banks need to communicate with each other, and they do by using de facto standards. SEPA transfers are a standard (from the 20th century). These standars mean processes that have different specs and efficiencies. Today, a SEPA transfer takes days. When you send your money to an exchange it takes days, not seconds right?

so yea -> BTC used by banks?.. NOT gonna happen..EVER. besides, takes a lot of time now, and more important, its decentralized, with is crazy risky for a traditional organization like world banking system.

Ripple used by banks?.. already happening!
using this system doesnt mean any market involvement at all. so i find no logic in such assertion.


More important, RIPPLE finally provides a system for banking industry to use 21st century tech from the getgo NOW. And its happening. Ripple is a deployed working solution aimed to become the standard for this processes, as far as i understand. And so, ripple offers cost savings for banks right on their homepage. So looks like it may very well be adopted, at least for some time. As we speak, thjere are some banks already signed in.

So, im bullish on Ripple, like many other. This doesnt mean i dont have my BTC stash in place, and believe me, my BTC dont get jealous.. so why all the fuzzle?

So, maybe i am understanding it wrong, but as far i understand, ripple tokens are used in the negociation process when interchanging different currencies by the banking system. The further on ripple adoption, the more value the token bears.

However, more fundamentally, i find your words extremely bold, nearly like accusations of scam to ripple. I know the cripto scene is full of ideology based on "decentralization utopy". I love BTC decentralization ideas very interesting and experimental, but i dont think this is the main pilar for BTC value. On the other hand, i find this argument more under the paranoid movement (which i respect) very usual in USA (from infowars to 9/11 inside job, passing though the government chemtrails and such.. but who knows right?).

But to sustain that -> if is not decentralized / mined by independents, it is a scam. Seems kind of fanatic to this decentraliced idea to me. The use of such strong affirmation that ripple is only sustained by "fools" its already a strong indicator of fanatism to me. And fanatism is the enemy of reason, so.. yea

Its important to note that 99,9999% of working bussiness models today are based on centraliced entitities owning the assets. Centralized bussiness model are proven to work. Is the decentralized BTC experiment what has to be proven every day. Currently working succesfully as a store of value only BTW. Also, we all have our banks, society has banks and governements, and at least in developed countries, societies arent getting "fooled" and "robbed" every day because some entity bears control over a system. There are a lot of balancers, from journalism to freemarket (invisible hand). So nope, just beacuse XRP is to some exent centralized, doesnt mean its flawed

to sum up, i think general perception now on the cripto scene investment wise is:

-BitCoin (BTC) -> THE COIN, proof of concept, movement. Kind of like money

-Ethereum (ETH) -> Promises the Next layer tech wise, SmartContracts. All the buzz and hype surrounding the last year every expert kick phrase "Blockchain is the real thing, not bitcoin but the blockchain" is kind of represented by ETH. Ethereum promises some kind of completely new disruptive world changing applications in different sectors by being the "use the blockchain tech" tool, kind of like a blockchain jocker card. Some banks are already entering these grounds, although eth doen not provide specific solutions for the banking industry right now. Its promising big increase in value short term, but it is already at 200$ so not a huge multiplier shortterm.

-Ripple (XRP) -> The institutional coin. Essentially different to all other criptos. It is controlled, no mining. Aimed at solving todays banking money transmitting problems in a very efficient way. It has a direct customer now -> banks. If its pitch works, new banks roll in. The more is used, the more possibility to turn into leading solution for today. Banks are still in 20th century. Ripple is a 21th century solution for banking industry that can be used right now. In fact its rapidly gaining traction amongst them.

-Rest of criptos -> Not really so different to bitcoin, at least when you review them at a glance, so to the general public. When they go up it seems because of speculative movements. But nothing to sustain. Dogecoin? WTF. Stellar Lumens? no idea. LTC? the "second" cripto.. but why invest on LTC when you can invest on BTC. And FOMO wise, then might as well invest on ETH or even XRP wich sure look with more potential.


Hey im describing just perception, mine and of many i have asked. Maybe zcash or monero are groundbreaking standard and we will only use those in 2100AC, however, i dont see why they are so different to BTC (super duper real anonimity man!!)

Probably i got a lot of shitcoins confused, and probably i dont see a lot of differences between the shit coins beacause im uninformed.. but i think these is the general panorama to the uninformed majority, and so it is reflected by the market.

From all this, my perception is that RIPPLE (XRP) is the most probable coin for a high multiplier rise / pump in the near future. I mean a pump that can be sustained later and not die forever. XRP is currently hovering around 0,30USD levels. A little pump can well enter 2-5USD levels shortterm

havent done any math, the 10usd number was just a wild guess...dont take it serious.

however...


-ripple has nothing to do with the rest of the criptos, for what i understand its aimed at solving a very specific problem for banks, so it plays well with current world structures (unlike bitcoin)

-ripple is already being used by some banks, wait until a couple more add themselves to the consortium, probably during this year?

-ripple is currently the only alternative in bitstamp, until these changes, it looks like its getting -and will- a lot of capital "diversification" from users there, besides, bitstamp approach to market seems to be "being the licensed, conservative and respectable exchange (even with bank partnerships like credit agricole)", introducing ONLY ripple as investment alt is kind of endorsing for ripple.

-FOMO wanna be rich -but on safe grounds- cause "im no expert on shitcoins pump n dumps action (dangerous as fk)" for the new waves of non expert investors. Ripple doesnt look as going back to cero, actually it looks better than litecoin cause:
+tackles different problem, and differentiates very well from bitcoin (unlike LTc)
+its a institutional coin, unlike all other criptos, has banks love

-backed by pantera capital

-more


just a couple things from the top of my head

looks like ripple will go to 10usd in less than a year

+1

Muchas gracias siulynot 

Veis un rebote hasta los 2000€ pronto? tengo un poco atrapado en ese precio.

i really never see the logics of this forum...

1. yesterday i posted exactly 20 minutes before the dump, that it felt like the dump was gonna happen in matter of mins / hours.
2. i even asked for other peoples opinions about it
3. majority wanted to hung me for not following the "to the moon" thing
4. Dump happened (and the "denial" phase kicked in for most fanbois here)
 

Now:

second bottom hit, pretty near same levels, all signals indicate that most likely some rebound incoming with some price consolidation time... during the weekend. This looks like the most plausible scenario to me, by looking at charts.

Of course, everything can happen, it can go lower. But in the short term, and by that i mean -> "this weekend" and probably longer, i see it stable and breaking upwards.

So, if you are a noob and you are reading these, beware of all these "bitcoin going to 500$" and "these weekend will drop below 2000$". They arent the oracle, nor am i. demand for opinions with TA analysis behind also, not for crazy theories about asia demographics or for statements like "ive been here since 2010 and its always the same, it WILL go to 1600$ tomorrow so sell sell sell

jesus motherfuking crist, this place is like a southpark episode

Leí por algún lado un paper de woobull donde decía que se estabilizaría y reduciría mucho la volatilidad en los próximos años, 2018...

pero vamos, yo espero que la volatilidad dure mucho... a mi para tradear, la volatilidad me parece un lujo.

2-3 days it will be under 1800$

thats my bet

good luck

for jimbo no news is bad news..

goes up? to tha moon

gets dumped? proper and healthy correction... just what we needed


now this is the perfect example of an adult belieber specimen kids. please dont touch it can bite!

 


 

jesus motherfuking crist

u guys think this is over already 

omg 

Como siempre siuly casi profético 

Muchisimas gracias crack.


En cuanto a la correción y posible gran dump, ahora mismo se ha parado en el nivel 2350$ (bitstamp). Sé que es muy pronto, pero que opinas en general sobre lo que comenta willy woo (woobull) de que esta vez quizá no haya un retracement fuerte como en 2013..?? 

ahora mismo se me hace dificil imaginarmelo bajando de 2000$ ves muy posibles los 1600-1700$?

yeh jimbo, you are one of those legendary beliebers. I respect it, but i dont share your faith in BTC is gonna solve the worlds problems and take humanity into next phase... u see?

still, i do think BTC is quite disruptive, i do think it will still go up higher in the future, and of course i love making profit of it. cheers bro

nope, not at all man, sorry.

I just come to this forum for dumpster searching, no pun intended.

this shit is full of delusional fanatics

EDIT: ... which is good, nothing bad with it. I mean, BTC and investing is a process with some maduration. Im quite pesimistic and rather be totally non-political about BTC. But i understand many deposit a lot more than a rational gamble on it, and go all emotional. I try to be opposite

now this is the first serious and respectable post (at least to me) in this shitty forum in days. Thx man