Ripple

Discussion in 'Digital Currencies' started by Phiber, Dec 8, 2017.

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  1. Phiber

    Phiber Active Member Silver Stacker

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    So I know Ripple is not exactly the most popular crypto due to its connection to the banking system.
    Nevertheless, this is one I like, especially because of that and the different angle it brings.
    It has been going sideways for a while and it looks like it is overdue for a bit of a breakout IMO.
    I think it holds decent potential for the long term.
     
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  2. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Why do you think it's due for a breakout?

    Technical Analysis of the charts suggest it's bombing and nothing positive will happen anytime soon
     
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  3. Phiber

    Phiber Active Member Silver Stacker

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    It it purely based on sentiment, I admit I am not basing this opinion on any TA.

    Ripple has a pretty good real world application for settlement and remittance systems with all the benefits of the public ledger technology. The vision of the project is pretty clear and a good candidate for the early adoption and implementation in real life of the blockchain technology in general: this is a pretty basic use of the technology yet an application I can see happen in the real world.

    It has partnered with a good number of banks and financial institutions already and is also experimenting with a good number of actors including CBA and ANZ here locally.
    In these aspects, Ripple is a promising and solid project IMO.

    Then when I look at the chart, say the 3m one, XRP hasn't been doing much unlike its peers in the top 5 or top 10.
    Now, maybe it won't have a break out, and perhaps it'll keep stagnating or even go down, but it often happens that after a prolonged period of boringness in a coin, interest picks up and boom.

    Also interesting to see the Koreans have consistently been making the largest portion - by far - of the buying, unlike other coins like ETH or LTC.

    Only my opinion of course, could be completely wrong - do your own research.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Until some new information hits the market. :)
     
  5. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Ripple breaks my heart. Ripple is my first crypto I started following 8 months back. Huge gains really quick and then nothing. Problems is I'm on the forum, get the tweets and know how much insanely great stuff is going on there. However the rest of the crypto community simply FUDS and spreads clearly false data. Even the biggest news and the coin stays flat. If your banking on a sure thing this is it, problem is it may have a slow start. I've been holding for almost a year now and although way up just sucks seeing everything else fly by, especially coins that are not nearly as developed as XRP
     
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  6. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Ripple has requested it be listed on the TENX Debit card
     
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  7. Phiber

    Phiber Active Member Silver Stacker

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    I too am looking at Ripple for the long term, I think they have a very strong proposition.
     
  8. Phiber

    Phiber Active Member Silver Stacker

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    Up 50% today
    Let’s see if it can last
     
  9. Phiber

    Phiber Active Member Silver Stacker

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    Ripple is up 97% in the past week - impressive.
    Also interesting to note not only it is at an all time high in terms of price, it also is at an all time high volume.
    Again driven by the Koreans who make 33.5% of the volume today (I have seen it close to 50% in the last month, but I only check from times to times).
    Interesting time for Ripple, keeping its spot in the top 5 where it belongs IMO.
     
  10. Phiber

    Phiber Active Member Silver Stacker

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    Ripple shooting up, now taking 3rd spot.
    Up 270% in the past week.
    @Nabullion Dynamite hopefully feeling some of the love right now!
     
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  11. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Nicely timed pick Phiber.
     
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  12. leo25

    leo25 Well-Known Member Silver Stacker

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    At this rate looks like Ripple will end up being the biggest crypto. So at the end of the day the banks centralised crypto wins. :confused: aww i guess you can only laugh.
     
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  13. Reeve

    Reeve Member

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    Everything is red but ripple haha
     
  14. Phiber

    Phiber Active Member Silver Stacker

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    Been on a massive run up, flew right past $1!
    Let’s see what happens with this sea of red though!
     
  15. JNS

    JNS Active Member Silver Stacker

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    If still holding it, now it is a good time for it to watch, my wife and i holds XRP and according to her, during the time last week those ripples are life saver.
     
  16. Phiber

    Phiber Active Member Silver Stacker

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    Is Ripple gonna pass Ethereum and take the second spot?
    Currently XRP sitting at $67B and ETH at $71B.
    That would be insane
     
  17. Phiber

    Phiber Active Member Silver Stacker

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    From what I recall - and Imight be wrong on this - I do not think they necessarily need to use XRP to use RippleNet, however they might choose to.
    I guess if the payment solution works well, there is no reason they would not use it.
    Ultimately if the company succeeds, its token will succeed too.
     
  18. Phiber

    Phiber Active Member Silver Stacker

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    Well holy shit

    [​IMG]
    [​IMG]
     
  19. Phiber

    Phiber Active Member Silver Stacker

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    $2 will probably be a big resistance point I would think, although Ripple is already trading at $2.16 on Bitthumb!
     
  20. alor

    alor Well-Known Member Silver Stacker

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    its just a rotational play, sell the top of the list, save some cash and punt on the second liner
     

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