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XRP Ripple, anyone buying ?

Discussion in 'Crypto Currency & Mining' started by Paul11, Dec 7, 2017.

  1. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,889

    Location: Sheffield, UK

    "Ripple - One frictionless experience to send money globally." - That's the title of the main page on ripple.com. That's what they'd use it for. Am I missing something?

    I get that they're the competition, but using a platform that uses XRP puts money into the pockets of Ripple (assuming the price goes up), seeing as Ripple own billions of the tokens.

    EDIT: I see now that XRP is just the first token used by this Settler product by R3, so not always forced to be lining the competition's coffers. I wonder what token will be next? I do hope it's not Tron!
     
    Last edited: Jan 30, 2019
  2. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    Banks pay Swift
    Banks pay Ripple

    Why pay Swift when you are not going to use them?

    If Swift said they are partnered with Ripple, do banks pay Ripple and Swift?

    Why would banks do this?

    They would say - "hey, why are we paying twice when we are not going to be using your service?"

    If Swift & Ripple were to merge, who would be CEO?

    Swift can try and compete, but they are too far behind.

    The global financial system is being replaced, it's not a case of everyone switching over at the same time, every bank will be different. This is a vast vast undertaking..
     
    Last edited: Jan 30, 2019
  3. muon

    Capodecina

    Joined: Nov 8, 2006

    Posts: 17,111

    Biggest mistake? It's at a 7 day high at the moment. Everyone that sold at pretty much any point other than in the last week have saved themselves money.

    It's this celebrate the small rallies and ignore the massive drops attitude is what has burned so many people over the last year and a bit.
     
  4. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    Have you sold all your XRP? Do you intend on buying again?

    Fair enough if you sold a few weeks ago and bought a few days ago.

    Im talking about people who don't have any XRP at all.
     
  5. Bigpops

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,889

    Location: Sheffield, UK

    I have no XRP at all, and I've never owned any, even for a trade.

    I'm not worried in any way about not having any XRP, but I do intend to buy a small amount, as I do of all top cryptos, just in case one takes off and the others get left behind.

    EDIT: Oh, except Bitcoin Cash, Bitcoin SV and Tron.
     
    Last edited: Jan 31, 2019
  6. Kaka

    Wise Guy

    Joined: May 11, 2004

    Posts: 1,239


    I would be willing to donate a few XRP to you free of charge to start you off, if you would like to take the offer. Drop me a message if you are interested.
     
  7. DarrenM343

    Mobster

    Joined: Oct 19, 2008

    Posts: 4,228

  8. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    Well you need to be quick, because we're getting very close to launch. With several companies roadmaps leading to Q1/Q2 of this year..
     
  9. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    Lol..

    https://twitter.com/stedas/status/1090961295594131461

    Swift CEO.
    https://twitter.com/GeoLeib/status/323132556344172544

    And this was 5 years ago..


    Mastercard & Visa battling it out for Earthport..
    https://www.finextra.com/newsarticle/33257/mastercard-takes-on-visa-in-tussle-over-earthport

    Former CEO of Earthport..
    https://www.businessinsider.com/ear...lding-the-fedex-of-payments-2015-10?r=US&IR=T

    https://www.earthport.com/

    Ripple right in the centre..

    BIS
    https://www.bis.org/events/cpmianniversary/programme.htm

    Hank Uberoi talking at the Bank of International Settlements 25th Annual Conference..


    SBI CEO - Kitao. (SBI is a consortium of 62 banks in Japan)
    They all balls deep in Ripple/XRP

    https://twitter.com/XrpMr/status/1083824776982990848


    EO13772 - Signed by Trump
    https://twitter.com/DiepSanh/status/1033390331457236992

    Bitcoin was an experiment!
     
    Last edited: Jan 31, 2019
  10. DarrenM343

    Mobster

    Joined: Oct 19, 2008

    Posts: 4,228

    Funny thing in that first link is the "XRP the standard" logo put on there. THis is what I have mentioned before - the cult side of XRP - quick to wrap it up in XRP marketing. That post gives the impression she's connected with XRP when actually it was a brief mention and she's talking about Ripple co(I believe) who we know are pulling in a fortune. But why is their success not following through into the coin price?
    Question for me remains - why is the price so low given it's utility? As an investor, you want to see good news reflected in the price. Use of a service or in this case actual utility should be driving the price but it's not.
     
    Last edited: Jan 31, 2019
  11. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    It's not being used yet. Think of it like train tracks, you cant send trains around until all the tracks have been laid.

    https://twitter.com/BankXRP/status/1009492580558614528

    Also,

    The financial system is being reset, the previous years have been dominated by the US dollar being the world reserve currency, they cant do that anymore due to the huge debt they have.

    Triffin dilemma..
    https://en.wikipedia.org/wiki/Triffin_dilemma

    Trump "We'll have a level playing field"

    @1.55


    A currency is a representation of a countries productivity and strength. When you have USD/EURO, GBP/EURO.... you have an incentive to undermine another country. With XRP overarching all national countries, a supranational currency. The US dollar will be competing with itself, the Great British Pound will be competing with itself. XRP/GBP....XRP/USD... XRP is a non judgemental neutral reserve currency.

    World Bank
    https://twitter.com/_the_archer/status/1084955587870318592

    It couldnt be a level playing field until all tracks have been laid. This is price suppression until its all ready, then boom, it'll be too late for you to get in. 20 xrp just to open a wallet.
     
    Last edited: Jan 31, 2019
  12. DarrenM343

    Mobster

    Joined: Oct 19, 2008

    Posts: 4,228

    Thanks for providing the info. I got the impression it was already in use. When's it coming online? 5 years and still not used?
    Next question is :), if this is such an obvious win the for coin, why have the intuitions not already bought which would have also pushed the price up? Stocks will rise on expectation for example. if the expectation is that this is going to take off big time, it'd be already flying high. Could of course simply be a missed opportunity but is a question to consider.
     
  13. Trusty

    Sgarrista

    Joined: Mar 12, 2006

    Posts: 9,922

    Location: On A Rocket

    5 years and still not being used? I've just said that the tracks are being put down, that takes a while. I've also just said the price has been suppressed until everyone is in position. That's why it hasnt flown yet. Institutions are buying, but it's OTC as to not affect the price. Utility will drive the price up. When XRP is transferring trillions a day, the price can't be 0.3c..

    It's not such an obvious win as well, i've just had to lay that all for you so you can understand where this is going.


    CLS settlement does 1.8 trillion a day..
    https://www.cls-group.com/partnerships/finastra/
    https://www.cls-group.com/news/cls-fx-trading-activity-february-2018/
    https://www.finastra.com/solutions/...s/fusion-payplus-continuous-linked-settlement
    https://www.finastra.com/news-event...er-innovative-payment-capabilities-and-create
    https://www.finextra.com/newsarticle/30690/misys-and-dh-combine-as-finastra

    You cant reset a financial system without testing the **** out of this stuff, that is what has been happening over previous few years. It'll be ready to fly soon!

    I've spent well over 1000 hours researching this stuff over the last 4 years.

    Dont be that guy that misses out because he listened to bitcoin maxi's
     
    Last edited: Jan 31, 2019
  14. Skidder

    Man of Honour

    Joined: Nov 28, 2007

    Posts: 11,502

    I just had a little top up using some little binance balances to more or less double my holding that was bought largely near peak! Average at least now somewhat more sensible. Not expecting anything from it but also not expecting anything full stop.
     
  15. One Vision

    Wise Guy

    Joined: Dec 8, 2015

    Posts: 1,007

    Everything you have said I have researched myself and you are spot on. Taking over swift, derivatives, real estate etc brings an xrp token to around $10k. For every trillion there is around $10. It’s simple math however even with a 50% market share put xrp at around 5k per token. No reason why xrp cannot hit $1k.
    I could go on and on and on but I cba
    The writing is on the wall the xrp is the chosen one.

    I reckon the IMF will hold the huge amount that ripple has and larsen will sit amount the board of imf directors. Christine lagarde will be stepping down soon and so will Juan Carlos of the CFTC. It will be the CFTC that regulates crypto and not the SEC. News coming on 15th Feb 2019. I think Larsen will be the worlds first trillionaire. Exciting times indeed.
    Bitcoin 2 things will happen, it will have one or two parabolic runs and then it will be laid to rest or it will be a storage of value for the elite. I’m going with the former and when it does go on a bullrun I will be dumping all my btc. It’s slow, expensive to transact, even the lighting network won’t save it as better tech is being developed from the ground up. Elixxer being one of them and will be implemented with XRP to give upto 1 million TPS. I’ve already said enough for people to go and research for themselves.
    XRP is the one, take my advice people or lose out for a second time and you may not get a 3rd.

    Personally I could not careless about cross border payments and swift. Derivatives is the golden chalice that ripple are after with an annual turnover of 5-700 trillion dollars.

    R3 and Corda for real estate another $200 trillion dollar market. XRP is the octopus as it will touch everything and the ILP is the key to its success. Interleger protocol, linking everything together all currencies like tcp/ip does as a networking protocol. I could go on and on but I’ll leave it here.

    I’d get yourself 5k xrp minimum and hold it
     
    Last edited: Feb 11, 2019 at 8:04 AM
  16. Beerbaron

    Soldato

    Joined: Feb 28, 2006

    Posts: 5,625

    Location: Beds

    I have been sitting on some XRP for a while now for the long game. Would be nice to see some decent increases though but i expect when it goes it will go.
     
  17. muon

    Capodecina

    Joined: Nov 8, 2006

    Posts: 17,111

    Lol.

    The value in derivatives isn't in the currency it is traded in.

    I could trade a billion in derivatives with only $1 if I was able to trade quickly enough. That $1 is still $1. There is only $1.7trn in circulation. Even if XRP miraculously replaces the dollar that is only $17.

    Derivative contracts are simply bets and cancel each other out, with not much money changing hands and that is why you get ridiculously large numbers like 700trn.
     
    Last edited: Feb 11, 2019 at 8:45 PM
  18. One Vision

    Wise Guy

    Joined: Dec 8, 2015

    Posts: 1,007

    Looks like i better dump all my xrp then
     
  19. muon

    Capodecina

    Joined: Nov 8, 2006

    Posts: 17,111

    Well if you think the derivatives market is worth hundreds of trillions, then yes. It is just a made up number to con people like you.
     
  20. 413x

    Capodecina

    Joined: Jan 13, 2010

    Posts: 15,459

    Location: Stamford

    That's a great take home
    If xrp replaced the usd it only 17usd a token?

    Lol indeed