Ripple

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

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  1. alor

    alor Well-Known Member Silver Stacker

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  2. Phiber

    Phiber Active Member Silver Stacker

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    Can Ripple be the first altcoin to reach a $100B market cap?
    Sitting at $83B at present.
     
  3. mmm....shiney!

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

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    Was an arbitrage opp available Coinspot/BTCMarkets. At best it was a difference of 80c briefly when selling on BTCMarkets for $3.40 and about $2.60 on Coinspot. Mainly hovered around 50c. Managed to do 3 transactions, 1 has shown up for 25% profit, the other two haven't.

    Worryingly, Coinspot website is now down so i can't track my transaction hash, but according to their FB page it will be up soon.
     
  4. alor

    alor Well-Known Member Silver Stacker

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  5. Phiber

    Phiber Active Member Silver Stacker

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    $110 B market cap now.
    Wow. Such coin. Much moon
     
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  6. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Slammed through it like it was wet tissue paper and heading to $3 :D
     
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  7. Jimmy1986

    Jimmy1986 Member Silver Stacker

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    $10 when it gets listed on coinbase ;)
     
  8. Cillvir73

    Cillvir73 New Member

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    I understand most crypto fans have mixed feelings on Ripple, but it’s way undervalued at under 3 bucks per. Look around at all the other coins going for tens, hundreds, and thousands more then ripple. How many of the 2000+ coins will become anything? My guess 5%. Two hundred financial institutions are using XRP right now. It’s #2 on coinmarket. The other top 4 coins on marketcap are sold on coin base. If the rumors are true and coin base sells Ripple, this coin will fly. Expect $25 per XRP.
     
  9. dozerz

    dozerz Well-Known Member Silver Stacker

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    the criticism is that its a centralised banking coin. centralisation means they can change it at any time, look at the issues in changing bitcoin. how easy would it be to expand from 21 million bitcoins? compare that to ripple or iota and changes can happen at any time. used for purely speculation its a great investment tool, agreed as soon as its listed at coinbase it will moon, just dont be left hodling the bag.
     
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  10. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    You do realise that a coins value is it's market cap divided by total circulating supply right? You're basically saying that XRP will have a 1 Trillion Dollar market cap (in order to be $25 per)

    That's not going to happen anytime soon

    If Coinbase adds it then yes I'm sure it will pump again, but I would think $5-10 per long term is probably a bit more realistic, and even that's a stretch

    And let's not forget the owners currently hold approx 60% of all XRP...
     
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  11. alor

    alor Well-Known Member Silver Stacker

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    1 Trillion Dollar Zim, is it possible they move their location? like many have been doing most of the time
    when is the owner going to cash out? that 60%
    when will the cannibalizing of cryptos be happening ??
    just my imagination
     
  12. Cillvir73

    Cillvir73 New Member

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    Maybe $25 is a bit too optimistic, but $2.50 seems so tiny compared to btc which hit 20 grand and some say it go ten times as high.
     
  13. Cillvir73

    Cillvir73 New Member

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    Hmm. I thought I heard something about the coin becoming more decentralized. I thought they were going to cap the total amount or some of the XRP would be burned during transactions. Anyway I think there will be room for several cryptocurrencies, tokens, and digital assets in the new economy.
     
  14. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    $2.50 seems tiny because there is just so much damn XRP in circulation. BTC hitting 20k is because there is only less than 17M in circulation, so when the market puts over 300B into it, 20k per is just the math of it

    Don't get caught up in the value per coin - it's all about % gains, which is why alts are going nuts right now because getting a coin with a 100M cap to 400M for a 4x return seems a lot easier than getting a 300M BTC cap to 1.2T for the same return
     
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  15. jerrygold

    jerrygold Active Member Silver Stacker

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    Ripple is pushing for identity with their transactions right? Thats what we need more of in the world, another banking network that can close you down at will.
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    yep Ripple will just be a bank that sits in between other banks. And since they are fully centralised they can increase the amount of coins/tokens whenever they feel like it.
     
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  17. Howe

    Howe Member

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    $3.30 now.
     
  18. Phiber

    Phiber Active Member Silver Stacker

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    Such moon. Much hate. Wow. Awesome.
     
  19. southerncross

    southerncross Well-Known Member Silver Stacker

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    Think it is more about MC, look at it the same way most compare the Share market with comparative Company's. X's market cap compared to shares on issue in the same field can give a value of the comparative stock. But then, although most think that way, we ain't in Kansas any more right ?
     
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  20. mmm....shiney!

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

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    I'm not sure now is the time to be thinking about fundamentals.
     

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