I bought a token amount of XRP at .81, but honestly not sure where it will go from here. The ZipZap news should have moved it more, but the client has so many problems that I'm sure it has turned a whole lot of people off to it.
I still think XRP has room to run upwards but if it drops much from here, I might bail on it.
It more than doubled against the dollar before pulling back a bit. There's plenty more good times to come.
Bitcoin had similar volume when it was new, severely undervalued, and not really ready for mainstream use.
Edit:
Also, at the the time, bitcoins were traded mostly on Mt.Gox (Magic the Gathering Online Exchange) and you were considered foolish if you actually thought it was a good idea to buy them.
You are aware that (I) this is an anecdote (ii) Bitcoin's history was exceptional and (iii) Occam's razor points to a different conclusion?
I'm pointing out that, based on Quantplus's criteria, bitcoin also could have been considered a failure when it was at a similar stage of development.
Bitcoin had similar volume when it was new, severely undervalued, and not really ready for mainstream use.
Edit:
Also, at the the time, bitcoins were traded mostly on Mt.Gox (Magic the Gathering Online Exchange) and you were considered foolish if you actually thought it was a good idea to buy them.
Post
Topic
BoardAltcoin Discussion
Re: Ripple XRP climbing on open source and ZipZap news! UPDATE - up 120%
Suggestion: Delete this thread and drop the idea. It's useless and only makes bitcointalk look even more like a joke. It was bad enough to snap the ripplelab-domains and start trying to sell them.
Want a little more info about my suggestion? ... Sure but first tell me how you would distribute the stamps used to make spamming the network harder/expensive. Actually there's one alternative way - that is to give people these stamps depending on their bitcoin stashes - but that's not very good after all.
Are you aware that network spamming was never a problem with the classic ripple pay?
Do you understand that the network would be spammed without some kind of fees to pay?
Then why has it never happened for ripplepay? Why am I not paying a fee to download or upload Ubuntu ISO? Why am I not paying a fee to access this page and submit a post?
Transaction fees exist in BTC to provide an incentive for mining. It is not needed in Ripple. It was added to create an artificial demand for XRPs.
It's easy to avoid spam if you never leave obscurity.
Post
Topic
BoardSpeculation
Re: So is anyone excited about eBay endorsing Bitcoin?
by
underground_
on 06/09/2013, 23:29:06 UTC
If it is true, we might see something happen as soon as next Tuesday:
Re: www.BITSTAMP.net Bitcoin exchange site for USD/BTC
by
underground_
on 31/05/2013, 04:35:14 UTC
I tried to purchase XRPs several days ago and they never appeared in my wallet. I asked around on the ripple forums and found that the reason is that bitstamp tried to send more XRPs to me than they had in their hot wallet. It's been four days now, and no one at bitstamp has gotten back to me regarding the issue, and I'm still out $4000. Very frustrating...
As I see it , it would take what you call "a black swan event" to stop the uptrend ( a fault in the algorithm or the US making bitcoin Illegal). You are looking on such a small scale. Pullthe scale back to 1, 2 ,3 years... we are right on track.
I said short-term. Long-term still looks good, I agree.
To a long time holder, and even to a speculator. There will simply not be a sustainable price advance if volume (=people wanting the freakin' bitcoin) is not there.
I'm sure you agree that the relevant volume here is USD (since that's the ressource we need enough of to maintain or raise btc price). Hence: "Volume in currency" in the following chart:
Looks good to me. Between 2 and 5 times as high as in March (when the price approached 40), and 10? 20? as high as in January, February. Maybe not the volume to support a price in the multiple 100s, but enough to support 100, 150? Why yes, looks like it to me.
That chart should not inspire confidence in anyone with bullish expectations.
Was it a bubble? We'll see. It sure looks like it. But, hey, maybe it'll be different this time!