[Closed] Ripple Crypto currency

Heard about it but that's it, [url= https://www.reddit.com/r/Ripple/ ]this may be a good place to start your research[/url]

Beware though, as with most Crypto sites/peeps there is a lot of vested interest in the blah blah.

How many Bounties to the Ripple?

Seems a bit Flake-y to me.

Could be a hot topic

The details on this one could get a bit crunchie

As with all cryptocurrencies, I quick Google of 'Tulipmania' will see you right.

Ripple @ 1:38

Unlikely to be worth more than a Dime once the bubble bursts.

I read that as Ribble and assumed it was about a loyalty scheme

As you were

Dabbling in this kind of thing is no Picnic

I read that as Ribble and assumed it was about a [s]loyalty scheme[/s] Winter bike

As you were

I'm not sure if to invest or not. Sort of betwixt and between.

I'm not sure if to invest or not.

Easy,
Q1 do you want to lose all your money?

yes - then invest away
no - don't invest

But what if my savings need a boost?

Are you not listening?
It's as if you are from another Galaxy

Are you not listening?
It's as if you are from another Galaxy

Easy,
Q1 do you want to lose all your money?

yes - then invest away
no - don't invest

If you do your research and go with the trend you shouldn't lose all your cash. (put your stop losses in place)

I'm no expert but I've doubled my money on Litecoin and Bitcoin.

There's money to be made and this stuff and is not going away. Net is full of people calling the end of these cryptos. Zero evidence of that currently, especially given the bull market of these things.

Things may wax and wane but to write it off in the face of deflating currencies such as the USD is to ignore their likely impact.

I hear the transactions are more streamlined than some other cryptocurrencies - more Aero you could say.

I'm not a financial expert, but I would guess that if the central banks stop creating artificially low interest rates, then "crypto" currencies will start to reflect their true underlying value a bit more (i.e. zero).

Disclaimer, as above, I've made a bit of cash on it.

I hear the transactions are more streamlined than some other cryptocurrencies - more Aero you could say.

I heard a Wispa about that too.

If anyone tells you this will make you rich, they're all lyin', bar none.

I dunno, here's a picture of my earnings from this over the last month alone...
[img] [/img]

XRP (Ripple) is probably one of the few crypto currencies that will weather the storm long term. It actually has a good use case and is a strong industry disruptor, particularly against SWIFT.

Considered a safer bet in the crypto world but also berated for being linked to the banking system and therefore ideologically not in keeping with the idea of a "new world currency order" that many crypto enthusiasts love to circle jerk about.

Caveat emptor: Banks don't have to use XRP (what you are buying and holding) to be partnered with Ripple's tech, but there are strong financial incentives in terms of reduced costs and faster settlement speed.

Do your own research, but there are many promising things in store. They already have a partnership with AMEX and many banks are already in the bag. Uber, AirBnB and Amazon also rumoured, hence recent rises.

I was just Texan a fiend about this.

Maybe Mars

Somewhere in the Milky Way, anyway.

Almost x2 returns in the last week for XRP.

Not bad.

I literally went into 100 banks, chapping on the bank manager's door for dough, and all I got was light refreshment. You could (at a stretch) say:
Ton-knocks-tea-cake

Badum tish!!

What website are people using to buy XRP? I take it you have to buy Bitcoin first then trade it? Bitcoin fee's seem to be huge at the moment.

If anyone tells you this will make you rich, they're all [s]lyin'[/s]Lion, bar none.

FTFY

What website are people using to buy XRP? I take it you have to buy Bitcoin first then trade it? Bitcoin fee's seem to be huge at the moment.

At some point it is rumoured to be added to Coinbase. Until then your best bet to buy with Fiat is via Bitstamp it appears. That will bypass the need to trade in bitcoin first.

Here's some useful info from the Reddit page.

https://www.investopedia.com/news/how-do-i-buy-ripple-xrp-cryptocurrency/
https://ripple.com/xrp/buy-xrp/

At some point it is rumoured to be added to Coinbase. Until then your best bet to buy with Fiat is via Bitstamp it appears. That will bypass the need to trade in bitcoin first.

Here's some useful info from the Reddit page.

https://www.investopedia.com/news/how-do-i-buy-ripple-xrp-cryptocurrency/
https://ripple.com/xrp/buy-xrp/

Thank you, I'll have a read up on Reddit.

No worries. Happy researching 🙂

BitBonds is where it's at and all the cool kids know it. They're a spin off of premium bonds but use ERNIE's 16k RAM pack to mine random numbers between 1 and 100. Get on it before its too late or the sysadmin nudges the RAM pack and it all goes to shit.

BitBonds is where it's at and all the cool kids know it. They're a spin off of premium bonds but use ERNIE's 16k RAM pack to mine random numbers between 1 and 100. Get on it before its too late or the sysadmin nudges the RAM pack and it all goes to shit.

Sounds a bit BASIC 😆

Sounds a bit BASIC

Still a bit RISCy for me though I’m afraid...

Another week...

x3 returns 😯

Love the skepticism. Ripple is NOT BitCoin - don't confuse the two in any way.

flipiddy - Member
Almost x2 returns in the last week for XRP.

Not bad.

Or x7 if you invested 2 months ago...

Or about x100 if you got in a year ago.

And its still SO early.

How much tech knowledge is needed to invest in this stuff? I know basically nothing but am intrigued. Are there cyber security risks etc?

Would only invest what I can afford to lose, but is there a minimum? 100 quid?

Sign up for some of the exchanges, have a play. £100 will easily get you going.

Until Coinbase, the most user friendly entry point, adds XRP (Ripple) then there will be a mild technical hurdle in using some of the more trading oriented exchanges. Of course, as soon as it is added, it will probably double in value overnight.

I posted this on the previous page, might be helpful if you are looking to buy:> https://www.investopedia.com/news/how-do-i-buy-ripple-xrp-cryptocurrency/ <

Still going...

x5 in 2 weeks!

you can buy xrp on etoro, seems pretty easy to me.

thanks guys, might investigate later...

be aware on etoro,you're not actually buying xrp coins, you're buying a CFD

actually I;m talking nonsense re CFD's for XRp on etoro. Looks like when you buy xrp on etoro you are actually buying the real (if anything that doesnt actually exist can be called real) coins, its only if you try to short xrp that you are dealing with CFD's.

just signed up to bitstamp to buy xrp, can I kindly ask who you guys are using to store them?
Cheers

Until they lower the XRP wallet deposit, which is 20XRP, you might want to consider whether you want to move them from the exchange.

Now that the value has gone up, it won't be long until they reduce that to 5 XRP, but bear in mind it's effectively 20 XRP "locked in" until they do.

https://www.reddit.com/r/Ripple/comments/7mqq0w/is_the_current_reserve_for_creating_a_wallet/

Has anyone used Bithumb? Im thinking of taking out my initial investment, but ive no idea how to - yet.

So why is ripple gaining traction now?

I was too young for bitcoin to understand what I was going into 6ish years ago or whatever, but i'm ready this time around.

I dont think anyone can be certain what is driving the current increase,but i thinks its a combination of thr following:-

1. Rumours that coinbase is going to start allowing people to trade in xrp

2. One of the main people involved in ripple tweeted something earlier today that a lot if people are interpreting as a signal that apple,google,amazon are about to start using xrp/ripple tech - im not so sure on this one.

3. Xrp has been getting a lot of mainatream news coverage over the last few days/weeks

So why is ripple gaining traction now?

Found this thats worth a read from an early investor.

https://xrphodor.wordpress.com/2018/01/03/buy-xrp-sleep-well-at-night/

I'm not interested in ripple as a coin more the way the back room system will speed up payments for international transactions of any size. And it has been adopted by some big banks but they seem tight lipped on what they are doing.
It's even been used this week in credit card transactions in shops Walmart In the US and South Korea cash machines and I think that's why it's jumps.
Reading the so called expert is better than watching those flat earth videos on YouTube it's just wild speculation and nothing more until a bank or major international player sticks it's head above the parapet.

It's good fun if you see it as betting and not stock markets

I put a chunk of moneys on XRP via EToro about 2.5 weeks ago and am now about x7 up on what I started on. Lucky that I bought it when it was worth only about $0.50!

Etoro is nuts I've got a bit on there the comments section is fantastic. To the moon and back. 😆
I'm up 38% but until it's back in my bank it's just a donkey running the grand national

The comments section of EToro is just ridiculous, still useful for links to news about things though I suppose

This dude is (apparently) well respected. Came to me via a very well respected and smart dude I know, so I trust it.

I watched the video. Absolutely nothing resonated and I've done my research. I mean, it's a guy on some park swings wearing snapchat glasses (apparently not) giving out financial advice. Come on.

So he ran a bitcoin exchange... he's probably holding a lot and he wants to see bitcoin increase in value, but it's now seriously under threat from Ripple. Do you think he wants his investment to lose value? No, of course not. So he'll do everything he can to discredit it and others too. Think about that.

As for being "backed" by Google, his Buttercoin (yes, that is really the name, because it's smooooooth) had a seed round for $1m before going broke, which by Silicon Valley standards is the equivalent of running a lemonade stand (and failing).

As for what Ripple brings to the table, it's a disruptor for SWIFT – it's faster, cheaper and has got them scared. It's why Ripple are courting huge financial institutions around the globe. Their technology development literally has 4 years jump on SWIFT's who have been caught with their pants down. That in itself is huge.

Honestly, I don't really care how Ripple does – I have serious investments for steady returns outside of Crypto, but what annoys me is this era of "fake news" where stuff just gets lapped up without due diligence.

Rant over.

ever seen a dead cat bounce...

You could substitute any virtual currency for Ripple in that guy's video, the only difference being Ripple, if it continues to gain traction with intermediate payment processing, actually has something more tangible to it than something like Bitcoin who's value is based almost entirely on speculative investments.
Bitcoin is a dead horse when it comes to actually using it for payments, the transaction cost and time is way too high.
Ripple has a much lower transaction cost and faster processing - sure banks could develop their own blockchain technology to provide the same functionality as Ripple but whilst that might work for intra-bank payments I can't see it working for inter-bank payment processing which is where the big volume is.

Banks are certainly heavily investing in blockchain (the company I work for does a lot of blockchain consulting with banks) but I don't think it's centered around intermediate payment processing (I'm not personally involved in that side of things though so could be wrong).

So basically don't invest your pension in any virtual currency but if you've got some cash you can afford to lose (without crying too much) then there's still money to be made and, IMO, Ripple is the most attractive of them at the moment. I'm sure there will be many crashes/corrections to follow but surely bitcoin has a lot further to fall than Ripple.

Massively volatile market as the last couple of days have demonstrated. Best advice is to think of any money invested in crypto as gone. It's a gamble.
Don't put money in you can't afford 🙂

I think the opposite of the above post, ripple is only going down.

Do either of us know for sure? No and neither does anyone else.

Dead cat bounce is still possible. But if you were savvy enough to buy Ripple XRP when it hit a floor of $0.85 a few days ago you would have pretty much doubled your money already.

Moneygram has just[url= https://www.wsj.com/articles/moneygram-signs-deal-to-work-with-currency-startup-ripple-1515679285 ] signed up[/url] to trial Ripple. They are pretty much everywhere.

2018 is going to be a wild ride.

I'm still in.
next month it's Lamborghini time lol. it's interesting to see the algorithms dumping coins
on a side note Facebook is looking good for a proper stock.

But if you were savvy enough to buy Ripple XRP when it hit a floor of $0.85 a few days ago you would have pretty much doubled your money already.

Only if you sold it...

Bought at €0.13 turned into my best investment ever.

Sold 10% of my stake at €1.61 to recoup my initial investment.

See you in my Lambo in a couple of years folks!

Ripple is a lot more solid than most other cryptos. But the market cap is $60B. Is that a fair valuation? We don't really have a decent way to answer that question (as with other crypto) - it's not a stock or a bond, it's a token for a payment network.

My gut feeling is that the ripple payment network is not worth $60B.