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  1. I am sorry but I still do not understand this enough myself to be able to think of what value it will give for XRP - any help would be appreciated.
  2. I definitely am not knowledgeable enough about XRP or banks to be able to see how it will all work or what it will mean for the price of XRP, or for any other uses, but it serves as a good exercise to just imagine one aspect of its use. If I am wrong in my thinking then that is fair enough - just needed some input from some people who had more of an idea than myself. Thanks guys.
  3. This is a good additional bit of information. Thank you. What would you forecast the price to be in 12 months?
  4. Yes I assumed for now that all XRP were released just to make sense of it all.. Any help in why the original post may be incorrect is welcomed. Thanks.
  5. Of course, thanks for the input. Does that mean the original post is inflating the price or not inflating enough?
  6. Yes correct - that did cross my mind but thought I better leave it out in case I complicate things lol. What do you think of the original post?
  7. I have taken the liberty of assuming that Ripple release all the XRP in escrow........ but if they DO NOT and everything else I have said holds at all close to being true, the price of XRP would be even higher. :-O
  8. Lol. I know I am talking in IF this and IF that.... but I am trying to apply simple reasoning by comparing the current situation with banks.
  9. Hey guys, I am just trying to get my head around something. Is this at all correct? I have heard that SWIFT sends $5 Trillion worth of money transfers PER DAY and that the banks and financial institutions actually have about $27 Trillion locked away in accounts in order to facilitate these money transactions; to be able to have the money there in order to send it. I hold my hands up that these are just things I have heard and I am not sure about the figures - a lot of you guys out there are more knowledgeable than me and can either confirm these amounts or not. In order to get my head around this I am going to assume for a moment that XRP is a success with banks and gets mass adopted by them to settle payments worldwide. Just play along for a moment and assume this. If there are $27 Trillion sitting in accounts to facilitate payments, and they suddenly start using XRP then I am guessing the whole value of XRP that they will need to hold is going to have to be at least 27 Trillion? if there are only 100Billion XRP units well a figure of $3 per XRP is not going to be enough is it? So banks are going to have to purchase and HOLD massive amounts of XRP in order to have them available to use to make money transfers, and therefore the circulating supply basically will be shrunk right down for investors like you and me. In turn this in itself will mean a price increase due to low supply and possibly more demand (good thing for banks as the value of XRP they hold will go up and they will hold the $27Trillion total that they require, and also if they buy them sooner rather than later it will cost than the $27Trillion that they are locking away right now, making it possible to use some of this money - I am just thinking out loud, I may be wrong). So in effect 27 Trillion/100 Billion = $270. XRP standing at a value of $270 per XRP is what it would take to cover the value of the USD$ currently being held by banks in accounts to facilitate these cross border payments or money transfers. And this is IF the banks hold ALL the XRP that will ever exist. So am I correct in assuming then that if XRP is adopted fully by banks that the price of XRP could in theory climb to at least $270 per XRP.? This is without any use by other big worldwide-known companies which may start accepting XRP as payment etc. Obviously this may bring up the question of "well if banks use/hold all or most of the XRP how will there be enough left for other businesses to make use of and accept as payments?". The only answer from the top of my head is that the per XRP price actually far exceeds $270 and banks will not need to have so much of it to cover the $270 Trillion needed. For example if we double the $270 to $540 then the banks would only need half of the total supply of XRP for their own purpose and the remaining 50 Billion XRP units could be free to be used in other ways, e.g investor purchases and acceptance by big companies as payments. As I said I may be wrong here and I am not at all giving investment advice, but if I am wrong I would love to hear why exactly. Thanks.
  10. Hahahahahaaaaaaa.... or maybe an animal lover. Ace Ventura may be the founder of this coin!
  11. Sorry if it is posted in the wrong section. Yes I have heard about Bytecoin - a secrecy or anonymous coin ? Being promoted as the original before Monero..... the promotion of it on Twitter alone tells me that at least it is getting loads of exposure and price may go up just because of that alone, regardless of if it does anything - LOL
  12. Hi guys, XRP was once I guess on the border of being classed as a MICROCoin. It was close to 1cent in value a long long time ago if I am correct? In the news surrounding cryptocurrencies lately a lot has been made of these MicroCoins which have values of 0.00001 or less. The latest example is PACCoin? I know it got a lot of exposure when JR Business posted a youtube video having bought 100million of them for $200 and a week later that holding was worth $20,000. Insane! Was it just a pump scenario or is Paccoin going to be a success and actually be used for something? I have been looking at MicroCoins and would love some feedback from you about them if you would be so kind. Who knows... one of them might be the next XRP in 12 months time? (but obviously not as much utility as XRP and won't move XRP from number 1 spot in our hearts for affection! lol) The coins I have seen and been interested in are ... Paccoin, DimeCoin, Cypherfunks, Fedoracoin and Bunnycoin. Thanks.
  13. Thanks to all of you for replying. I am sorry i took so long to reply - but work gets in teh way of 24hour-crypto, stupid work!! lol Thanks guys. P.S. .. I don't know if you all follow JR BUSINESS on Twitter and look at the videos they post on Youtube? Few days or weeks back they bought PacCoin at $200 for 100Million coins. The exposure they may have generated may have pushed the price up OR they did some seriously good homework on it but the other day their $200 investment was worth $20,000. What do you guys think of that sort of thing and are there any super cheap coins out there that have some potential? Thanks. Owen
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