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I’ve been all aboard XRP since July last year, but I seriously think there’s going to come a time when I should take my profits. With all those coins available and all the supply a few people from Ripple control, how can it seriously get that much higher? Just does not seem possible at all.

Also are there any coins that are relatively cheap and have major room for growth? A common factor in the coins that are worth 100+ dollars is that the supply is in the millions rather than the billions. Are there any coins around that could be the next Monero, Litecoin etc?
 
Don't put anything in unless your prepared to lose. Some cheaper options are Fun Fair and Digibyte, but do your own research. I've been on them since 3.4 cents and 8.5 cents respectively.

Given the growth of a media machine like Verge with not much of a product I thought these two looked great. Basic Attention Token (BAT) warrants a look too, got on that at 50 cents. It also has some very well credentialed and connected successful people behind it.
 

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Chubberson said:
Don't put anything in unless your prepared to lose. Some cheaper options are Fun Fair and Digibyte, but do your own research. I've been on them since 3.4 cents and 8.5 cents respectively.

Given the growth of a media machine like Verge with not much of a product I thought these two looked great. Basic Attention Token (BAT) warrants a look too, got on that at 50 cents. It also has some very well credentialed and connected successful people behind it.
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It was between Verge and Funfair for me about a month ago. I ended up getting a fair bit of Verge at like 0.04 AYD. Disappointing from my perspective to see that Funfair has gone up in price since then.

Has there been something announced or expected to come out soon?
 
Nothing would please me more than seeing Ripple bagholders get absolutely torched by a crash.
 
Rustin Cohle said:
Nothing would please me more than seeing Ripple bagholders get absolutely torched by a crash.
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A lot of us on here were buying Ripple when it was well below $0.30. I'm happy for everyone that held and made some great profits.
 
PP34 said:
It was between Verge and Funfair for me about a month ago. I ended up getting a fair bit of Verge at like 0.04 AYD. Disappointing from my perspective to see that Funfair has gone up in price since then.

Has there been something announced or expected to come out soon?
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The Verge devs made 11 successful updates/patches to Wraith today. Looks like they have called it a day though. Id say 4.0.1 will be here in a week but then again they might run the beta versions for a month to make sure its flawless. You can get Wraith at Github but you have to unpack it yourself if youre interested.
 

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Yellow Feathers said:
A lot of us on here were buying Ripple when it was well below $0.30. I'm happy for everyone that held and made some great profits.
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still pissed at my brother... will never forgive him :p
wanted 10k in at 0.25c... he was verified and I wasn't. Said 'nah'.

175kish would look pretty decent in my bank right about now.
 
cryptor said:
Thing to keep in mind with XRP is that it is just the coin/token the Ripple network uses. It apparently doesn’t require it at all to work (though the full benefits are achieved if it is).

So my concern is that if the price of XRP becomes “too high” then could suddenly all these banks no longer fancy utilizing the XRP coin at all (as the cost of acquiring them doesn’t justify the benefits of having them) and opt to just use the Ripple network without the XRP coins? - effectively making them worthless.

But then if that happens it could cause them to backflip again and pick up XRP coins at a much cheaper price. Just might be a lot of people who lose a lot in the process. Brave people who would ride that out may stand to make a lot from the fear of others. Something to consider I guess.
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The value of a coin at this point at time has nothing to do with it's utility.
The utility and usage isn't changing by 10% an hour.

Right now, coins are valued entirely on public sentiment, announcements, hype and buying/selling patterns.

The utility of a coin is more valid if hodling long term. At the moment, people are just buying because the price is going up, a very small minority are actually using the coin.
 
Cuzdup said:
Up 115% today! Who's riding this train?
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I love myself some TRON. I had 31,000 shares of it bought at 303 sats. Sold half at 885 sats to secure some profits. It smashed through a couple of sell walls I didn’t expect it to so missed out on some extra profits as it has kicked on but I’m still in it so all is well.

Why am I working full time again?


Sent from my iPhone using Tapatalk
 
Yellow Feathers said:
A lot of us on here were buying Ripple when it was well below $0.30. I'm happy for everyone that held and made some great profits.
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Nothing against those guys.
 
juss said:
The value of a coin at this point at time has nothing to do with it's utility.
The utility and usage isn't changing by 10% an hour.

Right now, coins are valued entirely on public sentiment, announcements, hype and buying/selling patterns.

The utility of a coin is more valid if hodling long term. At the moment, people are just buying because the price is going up, a very small minority are actually using the coin.
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Exactly. And that's sort of terrifying, isn't it?

How many people have bought a tonne of XRP thinking they're investing in this great system that's seemingly getting picked up by all these banks and big name companies worldwide? That if Ripple is adopted proper by these entities that they'll soon be rolling in $$$ in 10 months or 10 years from now?

XRP is a coin that has utility in the Ripple network. It will retain a value IF and only if it's actually used in the Ripple network. My understanding from what I've read about it is that the Ripple network does not require those XRP coins everyone's buying for it to work. So if those coins become too expensive for the companies who might adopt the Ripple network proper (and what that value might be for them, I don't know. $1? $10? $100?) could we then see them turn around and say "Thanks, but no thanks. We'll use the Ripple network, it's great, but keep your overpriced XRP coins as they don't make the system of great value to us".

It might not happen. I really hope it doesn't because I have most of my crypto investment in Ripple because I see the most in it. But it's something that anyone buying or thinking about buying it should keep in mind: Ripple might take off big time in the financial world, but the XRP coins might not go with it.
 

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cryptor said:
Exactly. And that's sort of terrifying, isn't it?

How many people have bought a tonne of XRP thinking they're investing in this great system that's seemingly getting picked up by all these banks and big name companies worldwide? That if Ripple is adopted proper by these entities that they'll soon be rolling in $$$ in 10 months or 10 years from now?

XRP is a coin that has utility in the Ripple network. It will retain a value IF and only if it's actually used in the Ripple network. My understanding from what I've read about it is that the Ripple network does not require those XRP coins everyone's buying for it to work. So if those coins become too expensive for the companies who might adopt the Ripple network proper (and what that value might be for them, I don't know. $1? $10? $100?) could we then see them turn around and say "Thanks, but no thanks. We'll use the Ripple network, it's great, but keep your overpriced XRP coins as they don't make the system of great value to us".

It might not happen. I really hope it doesn't because I have most of my crypto investment in Ripple because I see the most in it. But it's something that anyone buying or thinking about buying it should keep in mind: Ripple might take off big time in the financial world, but the XRP coins might not go with it.
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This is my longterm fear with most coins, that all people do is buy, sell and hold, and the coins aren't actually used for their utility. This would be bad for the market.
 
cryptor said:
Exactly. And that's sort of terrifying, isn't it?

How many people have bought a tonne of XRP thinking they're investing in this great system that's seemingly getting picked up by all these banks and big name companies worldwide? That if Ripple is adopted proper by these entities that they'll soon be rolling in $$$ in 10 months or 10 years from now?

XRP is a coin that has utility in the Ripple network. It will retain a value IF and only if it's actually used in the Ripple network. My understanding from what I've read about it is that the Ripple network does not require those XRP coins everyone's buying for it to work. So if those coins become too expensive for the companies who might adopt the Ripple network proper (and what that value might be for them, I don't know. $1? $10? $100?) could we then see them turn around and say "Thanks, but no thanks. We'll use the Ripple network, it's great, but keep your overpriced XRP coins as they don't make the system of great value to us".

It might not happen. I really hope it doesn't because I have most of my crypto investment in Ripple because I see the most in it. But it's something that anyone buying or thinking about buying it should keep in mind: Ripple might take off big time in the financial world, but the XRP coins might not go with it.
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There are different versions of the network. The one that runs the fastest at ultra high values utilises XRP.

Put it this way, the cofounders and CEO of Ripple are now billionaires off the back of their personal XRP holdings. It is in their own interest to drive a high coin price, and they can do this by ensuring the banking partners utilise XRP, just as AMEX plans to do. I.e, by ensuring the coin has utility.

By the way, do you know XRP can already be transferred via the Ripple blockchain person to person via Wallet on an iPhone that generates a QR code and wallet address? It already has potential utility. It just requires lots of people to start using it, which they will when the prices stop rising. It’s perfect, in a way.
 
Had 17k units of Tron I sold about 2 days ago to buy Ripple. I'm happy with Ripples progress, but am kicking myself that Tron has exploded :(
 
prodigy said:
Why am I working full time again?


Sent from my iPhone using Tapatalk
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I got some shit news at work today that my role may be made redundant...floored me as I didn't see it coming, I may still hold onto my job but it's down to me and one other person... gutted!
Have come home to look at my portfolio...I haven't had a look for a couple of days and I see in 48 hours its gone up 2k...now I'm thinking....hmmm...maybe getting made redundant isn't such a bad thing so I can focus more on this market!! Work....Shmerk...
 
juss said:
This is my longterm fear with most coins, that all people do is buy, sell and hold, and the coins aren't actually used for their utility. This would be bad for the market.
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I've listened to a lot of Andreas Antonopoulos, Mike Novogratz and Brock Pierce over the last month; they really see where this is going. Blockchain technology is here to stay, despite the speculation we're seeing in the market right now.

I'm taking Warren Buffett's advice and plan to hold my positions for the next 5-10 years at least. :thumbsu:
 

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