So far those of you who are invested in Ripple, I'm formally issuing you a warning to proceed with caution. Ripple has increased in value 14 times it's value in the past month, and 72 times its value in the past year.
Examine the graphs for times this has happened in the past where crypto-currencies went up exponentially and then went back down and see for your self. Now it is very possible that Ripple is the exception and goes up more and never goes down, and I do not give investment advice, but is probable it will go down.
Bitcoin
Litecoin
Fedoracoin (example of pump and dump)
Ripple
If you liked this post feel free to "Resteem" this post and follow me at "https://steemit.com/@cryptowallet"
Yes personally i let it for the idiot for now. the one came earlier was a genius maybe but now.. it's a f*** speculation. Banks can use any kind of crypto, Ripple is just gonna ripping your money.
Ripple has too much support from the big money investors to fail IMO....
here is why:
"Big money is betting that Ripple will power bank-to-bank and bank-to-consumer international money transfers in the future. Remittance is a [$500bn per year] market and Ripple has made great headway into it by partnering with major banks," Petar Zivkovski, COO of leveraged cryptocurrency trading platform Whaleclub ....
See my recent post on this topic and how Ripple is causing all the Bitcoin Zealots to have tantrums and cheer for its demise because it challenges their purist religion
Wha???!! The whole issue about cryptocurrency came about as a result of the CENTRALIZED and untrustable(not a word) nature of banks, cryptocurrency came as a response to our pleas, you clearly dont understand how or why ripple going up is bad for the cryptocurrency community. It has the backing of banks, the same greedy set of people we are trying to avoid.
The whole concept of cryptocurrencies came about due an experiment in exchanging value called Bitcoin. The idea was to create a decentralized model for exchanging value based upon scarcity and invested work. An assumed reason for doing this was to allow value creation not to be exploited by governments and especially central banks that essentially do legalized counterfeiting on a regular basis.
You are now associating this philosophical central bank opposition with a business service, Ripple, that creates a set number of coins and provides well defined clearing and settlement through a blockchain simply because they are also selling this solution to banks. This is equivalent to saying that anyone that sells their solutions to banks must be "evil banker scum" too. This is frankly preposterous. If I produce furniture and sell it as well to banks, am I also an "evil" banker because I sell them furniture?
Let me add another point to this. Do you not think that Steemit is a business? It's not some benevolent community. Steem is centrally created within the Steemit platform (run by a business) and they can produce unlimited numbers of Steem (as far as I can tell). This is even worse than Ripple because they can inflate it as much as they want. This inflation is the problem with central banking everybody hates. I don't hear anyone protesting the Steemit business and the Steem inflation potential.
Is it actually getting implemented in bank transfers or is that just talk?
It has already done testing with some of the major banks...Several other banks have already partnered with Ripple, which uses the blockchain for transactions ... Emirates NBD (UAE), that it was working with Indian bank ICICI (India) on a pilot with Ripple. Another UAE bank NBAD offers blockchain payments after tie-up with Ripple. http://www.reuters.com/article/nbad-blockchain-idUSL5N1FM1AS
great thanks for the update! There is too much ripple haters out there who are not even interested to look into it a bit further than their belief system.
dont know lets ask them lol !
Follow the smart money is what they say in the stock market... https://ripple.com/ripple_press/ten-financial-institutions-join-ripples-global-payments-network/
Just remember....markets can stay irrational much longer than your account liquid....
Will the FOMO (fear of missing out) factor help to keep its price up though? It's massively cheaper than Bitcoin and most people wont understand its fundamentals i.e that its not minable?
Yup, I treat it as a highly speculative stock. Sell Sell Sell.
You think ripple will be higher 12-24 months from now?
I think it is very probable it will go down to 2-3 billion in 6 months or less. In the long term I can't see ripple coin being in the top 5, but I'm Bias against it as it isn't decentralized and controlled by the banks.
It looks like the banks are just trying to find ways to rip us off even outside of fiat currency. What the heck central banks!
can we really throw out authoritarianism and create an ideal world?
Oh ya @rishi2184.........Can I get an Amen!
Amen :)
See my recent post as a rebuttal to the thinking that Ripple is just some bankers' coin
Yep agree, pull profits now and put into something that actually has some value.
Good call. That chart looks too much like the US national debt. A rollercoaster ride fer sure!
I guess we will see.
Ive always stayed away from ripple because its too unpredictable and in the favor of huge investings from banks and corporations and can be manipulated to leave others in the dust
To ease the fear that people have of manipulation, they just tied up 55 Billion in escrow. This prevents the fear of pump and dump as well as general market manipulation.
Oh thats good to hear, ill always dislike ripple tho hahah
haha Yeah... you aren't alone!
I heard somewhere that Ripple will go up and then it will flatline. Doesn't sound good for investors. I'm a mini unemployed investor. So far I have $20.00 invested into a micro 'fraction' of a Bitcoin but Ethereum looks promising. Maybe it'll be like Bitcon going up in the earlier stages. 👍🏼
This is running purely on the belief that it will be implemented by the banks. And i have a family member who is an analyst in a European bank and he confirmed to me that there is actual talk about the Ripple tech and how they might need to adapt to it. So i am getting the feeling that the rumors are true, even tho this is exactly the opposite of what we want from cryptos.
it is already being implemented. . https://ripple.com/ripple_press/ten-financial-institutions-join-ripples-global-payments-network/
Yes you are right. The bank i am thinking of is not that list. I think that release is just the first of many many more..
So Ripple is a crypto that is built to support the heavily regulated and corrupt money transfers that banks do on a totally manipulated system. Yeah that SEEMS cutting edge and FEELS like it's backed by some very reputable financial institutions.
Get your profits before they decide it's time to get theirs.
Probably true, but a good option for short term profits.
So it's not so much a 'crypto'- currency as it is a more efficient medium of exchange? I have to read up more on this, there's been a lot of hype about it recently.
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I have heard a lot about this Crypto-Currency but myself never got any.
Good post. Same thoughts here. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. This is quite an interesting website I found: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. On: https://www.coincheckup.com/coins/Ripple#analysis For the Ripple Analysis.