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XRP gone crazy

Discussion in 'CryptoCurrency' started by selembar, Nov 16, 2017.

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  1. selembar

    selembar Junior Member

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    [​IMG]

    Going to $0.5?
     
  2. drogon

    drogon Jr. VIP Jr. VIP Premium Member

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  3. RafaViQ

    RafaViQ Power Member

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    It's a pump & dump, the news involved Ripple not XRP.
    I'm a long term holder anyways.
     
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  4. wewholeart

    wewholeart Regular Member

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    XRP Is Ripple mate.
     
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  5. RafaViQ

    RafaViQ Power Member

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    Sorry, should have been more clear. I meant the news involved Ripple as a company and not the coin.
     
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  6. LyyK

    LyyK Registered Member

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    Yeah, that's what appears to be the case:

    "The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."
     
  7. selembar

    selembar Junior Member

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    Yeah I didn't dump it too. Still dreamin for $0.5 :p
     
  8. Mr sow

    Mr sow Regular Member

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    i have to get into crypto asap .
    1 Bitcoin = 7411.01 US Dollar omg .
     
  9. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    The XRP currency will come into play later on in the evolutionary dynamics and the other players," Marcus Treacher, global head of strategic accounts at Ripple, told CNBC in an interview.

    "The technology we have developed, it separated a connection from the cryptocurrency or the token. So what that means is that a bank or non-bank like AMEX can use Ripple to connect and just exchange value from one fiat currency to another directly, without the need for any intermediate blockchain currency."
     
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  10. selembar

    selembar Junior Member

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    Do you agree that if even there are more banks adopting ripple, it won't impact XRP?
    Sometimes I wonder if holding this for another 5 - 6 months really worth it.
     
  11. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    I have no idea mate.. I am not a cryptocurrency expert :D

    Perhaps @PinguSpy can give you some advice.
     
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  12. roman375

    roman375 Jr. VIP Jr. VIP

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    I did a lot of research on Ripple 6 months ago when I was considering investing into it. The one thing many investors in it seem to miss is that, while the technology itself is great, financial institutions do not need to use the actual Ripple token to take advantage of this technology. In fact, most of them will use their own closed (centralized) tokens. There is simply no incentive or logical reason for banks to use the Ripple token itself when using the technology made by the Ripple company. As such, I do not see the token ever blowing up beyond a little inflated value due to speculation from misinformed investors looking for the next big thing. I could actually see the price of it dropping within the next 6 months once more people realize this.

    Finally, last thing of note is that there are more than 38 billion of XRP tokens. Even if banks somehow decide to use this token for their operations, the price will never be high enough to warrant sitting on this investment for a considerable amount of time. There are much better coins out there to invest in if you are looking for a good ROI in a reasonable period of time.

    Just my two cents.
     
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  13. Vodaa Citaa

    Vodaa Citaa Jr. VIP Jr. VIP

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    Down again:/
     
  14. selembar

    selembar Junior Member

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    Sorry mate. That was hell of one hour ride. :)

    I tend to agree, but this too is a bit questionable.
    If banks adopt ripple and maintain their own tokens, wouldn't that create another problem?
    I meant, each bank or network of banks are gonna have their own currency? My brain hurts. :rolleyes:
     
  15. roman375

    roman375 Jr. VIP Jr. VIP

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    That's how I see it. They will have their own closed-circuit currency to facilitate transactions using the Ripple technology. Think of it this way. Why would banks use the actual Ripple token that is subject to volatility when they are processing transactions in the billions of USD every day. Any minor fluctuation in the XRP token's price could potentially cost them millions every day.
     
  16. selembar

    selembar Junior Member

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    BOOM!! New jobs! Crypto-support for banks!

    I'm thinking about dumping out all my vague coins ASAP and buy courses on how to manage ripple-based system. Tell me if you find them, mate. :D
     
  17. pofigy

    pofigy Senior Member

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    when the bank decides it goes up and everyone gets excited ,when it wants to dump ,they do dump they dont lose anything but we will lose