Ripple still on a tear. Riding this one for a bit.

WEEEEHAW!!!!!!!

Stellar should be following his big brother.

NLG could start breaking out. bought some but looking to buy more. what do you guys think?

Hell it looks like if you buy any on a book like that it'll breakout! I'd stay away.

yeah. still waiting for an increase in volume. i'll get out if nothing happens or if it hits my stop-loss.

That's pretty damn funny. Had to forward it to my hedge fund trading cousin who always makes fun of me for for trading **** coins. (He thinks they are all ****) He always says.. why buy bitcoin when you can have titcoin!

So, I just wanted to come back six months in the future and see how this viewpoint went. Ripple has appreciated 800% vs bitcoin in that time. That is, had Tom sold his bitcoin and bought Ripple when he made this post, he would be 400% richer in terms of USD and would own 8x more bitcoin right now. Had you bought after the selloff, you'd be 1200% richer in USD.

Has anyone done rigorous analysis of Ripple? I've spent an hour looking into it, and to me it seems like it could actually could be a 100 bagger with >10% probability. There is an actual demand for what Ripple does among both large financial institutions, consumers and startups. It very intelligently solves a decades old problem that people and corporations want solved with none of the bull**** and risk of bitcoin. It can tap into trillions in global transactions unlike bitcoin. It has serious venture backing from some big name investors including Google Ventures. The negative is talk about security issues I haven't had enough to investigate, and the size of the float held by the venture partners.

Does anyone know of a rigorous published analysis? Have their own thoughts?

I made nice trade on ripple on the recent break out. I got to use it a lot and found it to be very cool. The thing I don't like about it is how there's a huge supply of XRP that still needs to be put into circulation. I feel the deal they made with Jed was all wrong. They limited his selling to like $10k-20k a week for a couple years. IMO, they should have just let him dump them all, ya it would have crashed the price, but it would have got it out of the way and he would have got a lot less money if ripple actually takes off. Now if he hangs onto them for a couple years and the price of XRP rises alot.. they just made Jed richer and delayed all the overhead pressure.

Also.. the actually XRP seems to play a modest role in the whole system so I don't know that it's really necessary to own a bunch. The system works so you can exchange anything for anything else and it kind of routes it through so it takes the most efficient path. Like If I have 5 BTC and want to send USD to someone it will sell the BTC for USD, or if it's cheaper it will sell the BTC for XRP then buy USD.

Or If I have 100 EUR and want to Send USD, it may Sell the EUR for Yen and then buy USD, if that was the most efficient route. The XRP comes into play to fill gaps. When their order books grow I feel like the gaps will become smaller and smaller and the need for xrp will be less.

The no mining thing is a BIG plus and I think this is the type of system that will win in the end. Stellar is what Jed moved to. I think they plan to give away the STR over time as opposed to the owners holding a bunch.

So rather then minning the developers decide when it's best to release coins?

Yep, they hold it all, they sell coins to fund the company if it goes up too much, since it's an anti-spam mechanism and there is virtually no scarcity. But 100 bagger potential!!!!

The whole idea of Ripple as a currency was an afterthought to try to capitalize on the cryptocurrency hype.

Tom, the outstanding XRP isn't much more than the outstanding bitcoin, with the difference that it doesn't need to be converted to USD (bitcoin has to be converted to pay for electricity and chips - 9 million coins are yet to be converted to USD)

I honestly don't understand who's using enough to justify a $600mm USD market cap. Is it mostly speculation? Bitcoin at least is used for illegal activities and gambling, which are multi billion dollar economies, hence the cap makes sense.

I don't get Ripple fully or its future prospects, would love to see some serious analysis. As a payment network/protocol is seems like it has huge utility and no peers and has a reasonable probability of becoming huge. But what that growth does to XRP, I don't know. You presume it goes up in sync with the size of the ecosystem, but that's depends on a few assumptions.

Absolutely. It was very clever and it worked. Ripple predates bitcoin by years.

ripple is competitor to SWIFT, not bitcoin.

Ripple and Swift and all cryptocurrencies are competitors to Bitcoin. Many of these coins were probably pump and dumps for the sole purpose of helping bitcoin. The U.S. dollar, gold, and Euro are also competitors to bitcoin.

Checking the charts the market cap of bitcoin is $2.905 billion. The marketcap of all cryptos is $3.650 billion. Thus 79.6% of cryptos is bitcoin. This is not good for bitcoin I remember when bitcoin held over 95% of the marketcap. All these coins compete against each other mostly and bitcoins blockchain is bloated and 10 minutes blocks are slow. Bitcoin would retain over 95% if ripple was not around and I don't think the true marketcap of ripple is half a billion.

30 billion ripples outstanding now, 100 billion total created.

Yes, it outdates Bitcoin, and the whole marketing of XRP as an alt-coin was done to piggy-back.

What you are seeing is Ripple goes up in value, then they release a bunch more and cash in and drive the price down. Which is why it's a pretty terrible speculative asset. They may eventually run out, but, they also are likely buying a bunch back when price is low from previous sales.

As far as the protocol and network goes, it might be just fine. But don't buy XRP trying to get rich.

I'm not so sure about this "releasing a bunch when price is up". They claim to sell a certain amount of USD worth to cover expenses.

They sell a bunch to partners at various times. Remember, ripples are anti-spam mechanism, so if they go up in value too much, the whole thing becomes unusable.

You realize how small the transaction cost is even if the price skyrockets? That's like saying if BTC increases too much it's unusable too because the transaction fees will be too high. They could drop the fee to 1 satoshi, but if BTC were worth astronomical amounts the fee would still be too high.

I don't follow scamcoins much, but isn't 1 ripple the minimum fee?

is coinsetter legitimate/safe? they're offering a free 1-month trading credit for $500 where you keep your profit. want to sign up, but they ask for a ton of **** like driver's license/SSN# which makes me a little hesitant.

Just to keep this thread alive, I will be posting cryptocurrency news here since I'm always browsing 2+2 lately.

http://www.coindesk.com/ripple-inter...nk-blockchain/

http://www.coindesk.com/stellar-now-...twork-upgrade/

https://bitshares.org/blog/2015/09/1...-October-13th/

Not against the thread revival. Toke, thoughts on Augur?