Should I really be that surprised? I mean, basically every prediction made in crypto this year market blown away this year, but passing ethereum!? I remember watching Ripple while everything else shot up and I was like, wtf is going on? This thing is like poison, noone is touching it.
Of course I believed in the token and company and knew all the banks that were signing up so I wasn't worried. I knew the holdout wouldn't last, hitting $1 by the end of the year. But two is a little ridiculous in my mind. This is why I was assured
That is ridiculously fast for payment settlement, it is scalable right now to the level of Visa and climbing. This crypto is also aimed at banks, so I knew adoption wouldn't be a issue if the product was good. The reason I think It sat at 20 cents so long is that it is centralized. A lot of crypto enthusiasts are leary about that and I understand, but this is going after a whale of a market, has virtually no direct competition and is hands and feet above anything on the market right now.
But this is speculation gone wild
These are the top payment transaction companies. Now it is a little outdated because visa is over 240 billion now and climbing, but there is a lot of room for Ripple to grow. Plus, Rippple is going after large bank to bank transactions which are even more lucrative, but they aren't generating a revenue yet. They aren't churning out billions in revenue. They are still in the stages of testing this network with banks.
We are saying Ripple is worth more then American Express while still in testing stage!!!
We are a couple years before this thing gains traction, and then it is too the fricken moon. I wouldn't be surprised to see Ripple at $500 billion in 5-10 years, but this is too soon. This price probably won't last. I'm not sure how much it will dip, but I just sold about 3/4's of my Ripple and will probably buy back in at a lower price. It probably still has farther to go, but I'd rather take the money and have piece of mind for now. I will be buying a lot more Ripple in the future though, this is just the first stage.
The crypto ride just keeps on rolling,
Let's see where this goes. It's anyone's guess, but be safe with your money.
Reading Posts on Ripple's growth is like pouring salt on the wounds. In just 20 days ripple has grown 15 to 20 times. I always wanted to invest, but thanks to exchanges in my country buying ripple has mostly become a dream. Since i don't own BTC, the only way i can buy ripple now is through my countries currency. In order to be able to do that, the only option that i have is join a local exchange and buy some bitcoin. For some reason all local exchanges have stopped taking new registrations. Those that work are asking for KYC verification which is taking like ages to complete. Because of all these reasons i am unable to buy ripple unfortunately.
It is jumping a ton, but try not to get drawn into the FOMO too much. There is plenty of time for future growth and I expect a little pull back in the coming days. @themobilewriter what country are you from? That is really unfortunate and some of the barriers I don't think about over here, that must be frustrating. I hope you can get verified soon, but there will be plenty of time to buy in still
Yes its very frustrating. I am from India. There are very few exchanges here. I am trying my best to get verified here since last 20 days or so. Got approved on one exchange just today, but this exchange has stopped taking new deposits for Ripple and bitcoin citing overload. I hope this restriction is lifted soon. so that i can stock up some ripples.
My best move ever was buying a chunk of Ripple yesterday and watching it go up by 60%.
It's sure to take off again next year.
yah, it is a good long term coin!
Yes, that is what I hope! I bought into ripple, when it was around $0.60 and i am pretty sure that it will settle somwhere around the $2.20 to $3.00 in 2018. But anyway yesterdays rise blow me away. What is your oppinion on the slow downtrend of BTC at the moment?
I hope it settles down at that price atleast for a year giving me and others ample time to buy as many as possible. With current growth trend i believe ripple is now unstoppable.
That was a good buy in point, but yah these last two days have been insane. I want to pick up some more if it dips below $2 but who knows if that will happen. I do see it in that range, but could hit $5 if more partnerships are formed or the network really starts mass implementation (past the testing phase it is in now). As far as bitcoins downtrend right now. the market is driven by a lot of emotion and kinda what is the "in" coin. I think Bitcoin still has a lot of growth ahead, but in the immediate future we might see more of a downtrend. The reason I think it still has a lot of room is because the brand name and the fact it is being implemented in many more real world use cases. We shall see though
You name it, insane growth in the last days. But I am not too sure about it`s future. If coinbase adds it, it might see another impressive but short timed run up. But everything beyond the $3.00 range seems overvalued to me. With a value of $5 per coin the marketcap is in the range of Nestlé's for example. But let's see :)
I agree on the expectable BTC growth btw.
I am getting a feeling that ripple might replace bitcoin soon. I hope it doesn't happen.