RIPPLE: With a current Market Capital of approx. $7.9 billion and Ranked No.3 in the Crypto Currency Market, RIPPLE has seen an explosive 3 months..!!
RIPPLE PRICE CHART
dMAmapping⇗⇗⇗⇗⇗⇗ Screen
RIPPLE has seen an explosive 3 months from the BUY Alert Signal of $0.04 on the 4th April 2017.
With a current Market Capital of approx. $7.9 billion and Ranked No.3 in the Crypto Currency Market RIPPLE is currently trading at $0.20.
From the Closing Low of approx. $0.003 on 6th July 2014 to the Closing High of approx. $0.40 on 17th May 2017, RIPPLE has witnessed an explosive x140 fold increase in these three years.
We currently have a HOLD recommendation on RIPPLE and will monitor the technicals over the next few weeks.
Thanks again for reading.
Stephen
XRP seems to be the coin people either love or hate. The haters need to realize that the banks are not going anywhere and acknowledge the fact that we do need the bank today and will need them in years to come. I do fall into the first category and believe that XRP is the coin that is not copying others and does not have much competition in the space while the use case and the potential is huge. I believe all the people in crypto space are frustrated every single time they are sending money to fund their trading exchange accounts since it take several days. On average it take me 5 days to send money to my bitstamp account, not even mentioning fees. For me XRP is no brainer and win-win since you could send your funds at instance for the fraction of the cost.
What does ripple do that Steem doesn't? Instant, free transfers....
I have to admit I’m an early adopter of Ripple. I bought a few a few years ago but not enough to get rich. But that is not what I would like to discuss. At the time when I bought my initial Ripples I was very impressed about Ripple’s Vision. I liked the idea to enable banks to send real time international payments across networks with traceability and low cost settlement. To their credit they exactly concentrated on their vision and indeed various banks are trialing or even using it today.
Did it bother me that the coins were pre-mined and owned by a group ? Not really. Some industries don’t like 100% open source or decentralized systems. I believe the bank industry is one of them and approaching them with a system like Ripple was the right thing to do. Also the latest announcement by Ripple to place 55 billion XRP in Escrow to ensure certainty of total XRP supply sends a signal to investors.
The major exchanges support ripple and the ripple network and its software (gatehub etc) is working really well. Only a mobile app is really missing here.
I truly still believe that Ripple is adding value and has much to offer. The price for the coin I find is still very cheap. What I don’t understand why other coins with less features are trading much higher than Ripple. Currently Ripple is around the 25c mark, very stable but not moving much. Banks are supporting it and it has a very active group working and supporting it.
What else is required to go for the next step for Ripple ? Do I miss something here ?
Because it's not decentralized I think many crypto enthusiasts are against it. Plus it has too many ties with banking with people in the crypto world which people also don't like.
To be honest bitcoin or Ethereum are not really decentralised either. Currently 51% of bitcoins are controlledby just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.
Yes the system might be decentralised but reality looks a bit different
Yeah my portfolio has a majority of ripple and I dont disagree. Just repeating what Ive heard many others say about ripple. Other downside about ripple is banks could adopt the technology but ignore the coin.
What can Ripple do that Steem (fast, free transfer) doesn't do better? What are the tokens good for?
well Ripple is more liked by banks because it can be more regulated than Steem. And exactly that might be the very thing why banks chose Ripple over Steem. I see both currencies adding value in the market place.
Yeah, I agree with you comments, but I am still curious if anyone is using the actual Ripple token for anything.
I invested heavily in Ripple as it can take a lot of cost out of the banking system and had a lot of banks trialling. But when I spoke to two banks at conferences they said they were planning to use Ripple but not XRP. I therefore got out when it was in the $0.3 + ish range. What's your view of whether the banks will in fact use XRP? I think i'd rather be an equity holder as I'm sure ripple the company will do well and they've kept back a lot of xrp so the equity holders will also benefit if xrp goes up
PS not to say I've any idea how to be an equity holder. I was only able to get the xrp ...
I did the same as you. I rode the wave up but got a bit nervous about the lack of need to use XRP; although I'd be surprised if the price of XRP doesn't increase if Ripple gets adopted.
Either way, Ripple gets a lot of stick in the crypto-world and I don't really understand why. I've heard all the arguments against it, but so what?
Ripple as i read , is used as a blockchain method by the banks. So for them in the current scenario with growing competition in the cryptoworld, the banks want to keep a strong string in the market which they can pull anytime they want the scenario to change. So if we go by this theory, the prices and growth of this currency is on good cards. Lets hope for the best.
Well done post You deserve for getting Upvote from me. I appreciate on it and like it so much . Waiting for your latest post. Keep your good work and steeming on. Let's walk to my blog. I have a latest post. Your upvote is high motivation for me. Almost all Steemians do their best on this site. Keep steeming and earning.
This comment has received a 0.15 % upvote from @booster thanks to: @hamzaoui.
Shared on twitter. Stephen
I was hugely positive on XRP until I read the whitepaper. I got in fairly early just by doing community-research, rode the wave up, sold about half of my stack and made a substantial profit on the whole investment.
Then I decided to reposition my portfolio and read the whitepaper to see if I wanted to keep the rest of my XRP. Sadly, it just didn't appeal to me enough to keep the rest.
Click through for crypto news & investment articles @jhcooper7
What about the tech causes the biggest reason for you to buy and hold? I want to get over the centralization but its hard for me.. Is this strictly for the investment and money.. Or is there something you like about it? a relevant link or a reply would be appreciated. Thank you in advance!
Hi! Maybe it is just different worldview, but I do not see how XRP is less decentralized than anything else in today's crypto. You do not need approved validators to transact XRP, same as in any other crypto, but in addition to that XRP is much faster, more reliable (fee and transaction finality) and much cheaper than any POW or POS chain. ILP on the on the other hand requires approved validators or connectors, but that is completely different story
steem is a dpos and I can send money for 0 transaction fees, steem is faster, bitshares is much faster.. Just saying :) !! And you can't cater to the banking industry without being centralized. They are shooting to be the centralized chain banks can trust are they not? They are not minable right? So its not a decentralized blockchain. Ripple run the computers that mines the blocks.. Centralized, by definition
Additionally, I kind of wanted to flag you. For upvoting your comment 6$. But its not a horrible comment. At least it has decent information.. I looked at the rest of your recent comments and decided not to its people that go around upvoting their own comments that make the reward pool for everyone else shit. Might I refer you to @matt-a's new post or to or to @sirlunchthehost . Both made good posts about when and why we should flag. Maybe you should avoid doing things that may get you flagged in the future yo. I will not flag this though, it had substance.. But just know, a new flagging war is about to begin where self upvoters are the target. And decide if you are part of the solution or the problem
Hi! I will read their posts. Regarding upvoting myself, it looks bad, but this is how I understand everyone is doing, EVEN THOUGH I dislike it! If there is good reason/post why someone should not upvote themselves then please do send it to me.
Look at any of my recent posts.. or look at every single comment I have ever made. I don't upvote my comments. Generally, upvoting your own posts everyone is fine with, but upvoting your own comments makes people mad from time to time.. I get it though. I'm not mad, I didn't flag you, I'm even glad that you don't like it and that it's not ideal to you. Best of luck man. It sucks that it's encouraged. I've found giving my vote to other people works best for me. I've found that other people give me some votes. What goes around comes around yo. I was more looking forward to talking wbout ripple lol!! But yes, best of luck. Ever have any questions about steemit, or just want to talk crypto. Feel free to find me and ask yo
I could not agree more with that comment
Nice post. I just Followed you. Please follow me.
Good!! I want to get some :)