Is there a list of trusted coin trading sites that you guys would recommend? I saw bitstamp and Kraken along with Coinbase but I'm looking to go heavy on Ripple and sooner than later so I just want to make sure I'm going about it the right way.
Is there a list of trusted coin trading sites that you guys would recommend? I saw bitstamp and Kraken along with Coinbase but I'm looking to go heavy on Ripple and sooner than later so I just want to make sure I'm going about it the right way.
I appreciate the response but on a quick look Binance only supports crypto? How would I go about buying then since I don't have any yet? This will be my first investment so I'm probably going to need a site that supports money.
There are a few things I really like about it; what problems do you have with their project in relation to others?Not sure what you see so good in it compared to MUCH better projects, but to each their own and it’s your money.
Out of curiosity, someone I know seems to think that Bitcoin is controlled by criminals in China and says that if any group controls 50.1% of the blockchain they control the chain itself and it's essentially just a giant scam.
Is there anything out there in depth that refutes this?
Well for one thing Ripple owns 60% of all coins. It's a super centralized crypto which is what people are trying to get away from.There are a few things I really like about it; what problems do you have with their project in relation to others?
EDIT: I wanted to get into it last week at 25 cents...looks like I missed the boat on that one. Is there any chance that it's going to see a dive over Christmas? I might wait to buy unless this jump is likely to just hold and continue.
Well, to keep it brief...Well for one thing Ripple owns 60% of all coins. It's a super centralized crypto which is what people are trying to get away from.
May I ask what draws you towards it?
Well, to keep it brief...
- trying to completely decentralize is naive and won't happen (banks, blue collar, governments and wall street will never allow it)
- Ripple's platform will allow it to be the bridge currency
- they're already working with Banks and American Express, with 2 more major investors coming shortly (lots of speculation so I won't mention names)
- Codius reboot
- consensus vs. proof of work model as it pertains to environmental issues (minor consideration for the greedy, but still)
I mean it's really a bigger discussion than that but at the end of the day Ripple can do everything that BTC can do only better, faster and more secure. Ripplenet makes too much financial sense for giant global companies not to get on board with; it will literally save them billions of dollars.
Putting a dollar figure on it is kind of impossible for me right now. I like to be cautiously optimistic; I have very high hopes for Ripple but at the end of the day I'm not investing anything I can't afford to lose (I'm not mortgaging my house or anything).I'm just wondering what price do you think Ripple will be one day? I mean, you must think it'll go pretty high for you to consider going all-in on it?
Putting a dollar figure on it is kind of impossible for me right now. I like to be cautiously optimistic; I have very high hopes for Ripple but at the end of the day I'm not investing anything I can't afford to lose (I'm not mortgaging my house or anything).
With that said I fully expect Ripple to break $500 by the end of 2018 as a conservative estimate.
I'm in Ripple for the long haul though and I'm looking at companies like Amazon and WalMart who would both benefit massively from getting on board. If that happens it's pretty much game over; you're looking at a market that currently has a $500b cap with less than 2% of the population involved. As soon as that becomes widespread and readily available to the masses, people are buying things online and making payments with 3rd party apps or even transactions through their banks, etc. it becomes almost impossible to put a limit on it. The cap still has tens of trillions of dollars of room to expand.
$500 per Ripple by the end of 2018? Sorry if I sound rude but.. What the actual ****? You realize that there's 38+ billion Ripples in circulation, right? 100 billion total. That would put its market cap at an astrominically high number.
I just really can't wrap my head around why you think so highly of Ripple. There's so many better coins out there. Lots of noobs are jumping on the Ripple train because it's getting some attention by mainstream media and because it's cheap. They can think that it'll become the next bitcoin one day even though it logically makes zero sense.
I wish you the best of the luck but I think you seriously need to taper your expectations.
I think there's a chance it could hit a few bucks by the end of 2018 if a lot of things go right for it. It would have to be a good year. There's so many coins (100bill total?~40bill circulated?).Absolutely agree with everything you are saying.
And $500? There is ZERO chance it ever comes near that. I would be completely floored if its even $5 by the end of 2018.
I think it can be proved that XRP is worth as much as the sum of all monies that flow through it. This can be done by considering three people with $1 each and with one XRP in the middle.
1. Consider a situation where person A sends $1 to person B. You need total XRP to be worth $1 for the transfer.
2. Consider a new situation where person A sends $1 to person B and person C sends $1 to person B. You need total XRP to be worth $2 for the transfer.
3. Consider a new situation where each person sends $1 to each other at the same time. You need total XRP to be worth $3 for the transfer.
4. As the velocity of money increases, the value of XRP then converges towards the sum of all monies that flow through it, by mathematical induction.
In this regard, I would put a valuation in the order of trillions for XRP given all the current and future partnerships.
So that would be upwards of $1,000 per XRP.