Australian (ASX) Stock Market Forum

XRP - Ripple (in the pond)

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Notting, this coin is heavily manipulated.
The founders own the majority of the coins, and have plenty in reserve, this coin is not mined, all were produced at the start.
Also do not get confused between XRP the coin and XRP the company. The company is privately owned and holds the majority of the coins, they are pushing the technology to the banks and not the coin.
 
Wow, down another 20% in 2 days, that averaging down must be working for some. $0.45 AUD
Crypto threads have become very quiet of late, the fad must be over
 
satanoperca said:
Wow, down another 20% in 2 days, that averaging down must be working for some. $0.45 AUD
Crypto threads have become very quiet of late, the fad must be over
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Yeah remember when crypto was cool....
Good times.

They have no real fundamentals so can drop to $0.00 at anytime. When I first invested in xrp I left it for 3 or 4 years (I think it was that long)as it went up and down.

Bitcoin was going through its Mt Gox stage and people were losing money left and right. Went from about $1000 to around $300. Wish I bought more now. I just thought "Party is over" and l ignored it till last year.

You just don't know, its a risk and a gamble. But damn if it wasn't one of the best bets of my life.
 
It's worth as much as the envelop you receive your paycheck in.(in the old days)
After all, that's it's job, to carry a chunk of money from one place to another efficiently.
Sell it to the banks and people who do cross border transactions, as a digital envelop, a technology, just don't buy the envelop thinking it's an investment.
That would be like buying bits or bytes on your computer. Hardly a store of wealth.
But if you can just use it as it is, why would the banks even be interested in buying the tech? 0 = zero
 
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A drift sideways and down further? Looks like fomo buying and panic selling. Classic.
 
The buy side depth is double sell side according to this broker. Does .35 AUD hold as max. support? If larger sell orders above .395 get wiped ????

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satanoperca said:
Wow, cryptos are the next last thing! Who would have thought, those that didn't understand the tech
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I have to disagree.
If we are talking bitcoin, xrp, eth- sure you probably missed the run.

But the tech behind the crypto phenomenon has only just started. It will be disruptive tech and its pushing full steam ahead. Its far from over.

Thats not an endorsement to jump on any crypto coins.

But heres a list of movers and shakers for the week. Low cap though.
https://coinmarketcap.com/gainers-losers/
 
I can’t say that I am a fan of xrp, but I should admit that the technology behind it has found real use case among banks and leading companies. Taking into account the number of cryptocurrencies, the second place of xrp by the market capitalization is an impressive indicator. It’s represented on most exchanges. Probably after Coinbase will list it, the price of the coin will rise significantly. Anyway, for now, I use CEX for purchasing xrp ( https://cex.io/xrp-eur ). I believe that we are already at the threshold of the bullish run.
 
satanoperca said:
Wow, cryptos are the next last thing! Who would have thought, those that didn't understand the tech
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Okay i was out just a little on my timing. Seems reality is coming into play.
For those who got in early well done, but suspect this time next year it will be less than .10aud
 
satanoperca said:
Okay i was out just a little on my timing. Seems reality is coming into play.
For those who got in early well done, but suspect this time next year it will be less than .10aud
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Bitcoin will be interesting to watch once its all mined.
The interest in crypto has been lacking for any real movement.
 
Apparently hedge funds in US etc are entering on Crypto's and "experts" think this time it (rises) will stick.

Makes me think, as a hedge, it would be reasonable to buy a handful of the bigger cryptos.
Ethereum ETH would be on the list as would be Ripple XRP.

The whole fee structure, digital wallet, and got no idea about spreads through the "brokers" all makes it a bit ugly looking, with the exception of possible returns.... what happens when the money runs back to gold?
 
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