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  1. Hi Guys, As per article on Reuters.com which is very reputed paper," XRP rose 13 percent to $13.38 on Thursday, according to coinmarketcap.com" which is obviously a typo but sounds good nevertheless. It seems Reuters.com is bullish o xrp as well. lol . https://www.reuters.com/article/us-moneygram-intl-hot/moneygram-shares-jump-on-partnership-with-bitcoin-rival-ripple-idUSKBN1F023A
  2. Hi Guys, i am not sure if it has been posted before but when i read it, i found report reassuring about xrp's future on Coinbase. Do let me know what you think.. ? https://www.finder.com.au/xrp-on-coinbase "The price of Ripple may be dropping, but there are still plenty of reasons why you can still invest in XRP on Coinbase. OPINION Is it? Isn’t it? There are millions of people invested either way in finding out whether Ripple (XRP) is coming to Coinbase or not, and neither the company behind the altcoin nor the world’s biggest exchange is making it easy. If previous history is any indication, the arrival of Ripple on Coinbase would double its value within hours. That’s what happens when your item comes up for sale on one of the world’s biggest retailers. It becomes substantially easier to acquire and it becomes exposed to a substantially larger audience. List of exchanges that allow you to buy Ripple In a market where price fluctuates based on supply and demand, the impact is instant and immense. The price of Ripple will go sky-high; it will go to the moon, if it arrives on Coinbase. Rewind time to the turn of the New Year and Ripple seemed a certainty for Coinbase. It was one of – but certainly not the only – the reasons why the value of Ripple soared dramatically. Then water fell upon the flame, and with it, the value of Ripple dropped. But investors need not be disheartened; there remain a number of signposts that point to XRP on Coinbase in the near future. The chain of events for XRP on Coinbase? Way back in 2015, the CEO of Coinbase, Brian Armstrong, blew altcoins off as a waste of time. You can see his Tweet above. At the time, Bitcoin was worth US$218 a pop and it owned 81% of the market cap share. Now it’s worth US$14,500 a pop, but despite the humungous growth, its share of the market cap is down to 33%. Things have changed. They didn’t really begin to change until the last four months of 2017, either. In this time the market cap – which refers to the total amount of money invested into cryptocurrencies – rose from US$120 billion on September 15, to US$814 billion by the turn of the New Year. That’s 680% growth. The previous 680% growth period took 10 months and prior to that, it had taken three years to grow 680%. What these two pieces of information tell us is that not only has interest boomed, but it’s been doing so in the altcoins. Yes, it’s true that Bitcoin has done all the heavy-lifting and remains by far and away the dominant cryptocurrency; it’s lost 50% of its market cap share in the process. For an exchange, any exchange, to look at that data and to bet against altcoins would be bad business. Because if you don’t follow the market, the market will move to somewhere that does. Crypto news for 11 Jan 2018 Perhaps that’s why Brian Armstrong changed his stance. On December 15, 2017, he revealed the following: Everything started here with Bitcoin about five-years ago, but it’s now turned out that there are dozens of these digital currencies. In fact, I think there are 50 to 100 now with a market cap over US$100 million. It’s almost becoming Stock Market 2.0 if you want to think of it that way. The ones that are the most exciting to us that we have on the platform today are Bitcoin, Ethereum and Litecoin, but there’s many more that are going to be added to the platform in 2018 and I think this is going to be a really exciting space for all kinds of institutional investors to make money. Whenever we’ve looked to add a new asset to the platform, we look at a number of factors. We released our GDAX new asset trading policy just a few weeks ago to give you an insight into how we do this. We look at what the regulatory risk is, do some due diligence on the team, do a security audit of the coin, [examine] what the customer demand is and consider all those factors before adding it to the platform. – Brian Armstrong, CEO, Coinbase This is a confirmation that altcoins will be coming to Coinbase in 2018 – not just one or two but “many more.” A deeper look into the new trading policy also reveals the other factors that are considered before XRP on Coinbase could become validated. Taking into account Armstrong’s quote above and that policy, I’ve pulled out the following key indicators. Not all of them must be met, and meeting them doesn’t guarantee addition, but it provides the best indication of what altcoins are on Coinbase’s radar. Is the altcoin legal under U.S. security laws? Does the coin have a clear and compelling reason to exist? Does it push cryptocurrency technology forward and can it scale over time? Is the project scheme structure transparent? What are the altcoin’s levels of security and liquidity? Is the team behind it well run and reputable? What is the customer demand for the altcoin? Does it align with Coinbase’s values, which general manager Adam White described as "promoting our mission of creating an open financial system for the world"? What happened when Bitcoin Cash launched on Coinbase? A week later, on 19 December, Coinbase brought Bitcoin Cash to its platform. The value of the coin instantly skyrocketed. In 45-hours it rose from US$1899.86 to US$4147.46 (218% growth) – such is the influence of the exchange. You can see the jump in the table above. However, by 21 December, claims had emerged of insider trading to the point where Coinbase suspended activity on Bitcoin Cash to investigate. Forbes reported the evidence as damning at the time. Within a week of being outwardly public about plans to bring altcoins to Coinbase, the risk of providing too much information was clear. The market was too volatile and any spike in value immediately preceding the arrival of a new altcoin would carry a “guilty under proved innocent” stigma. Lessons had been learned. By the end of December, the cryptocurrency community was backing XRP on Coinbase hard. Video footage emerged of Coinbase beta testers apparently showing Ripple being traded on the dashboard. This, in conjunction with other factors, saw Ripple’s value start to climb hard. Between 29 December and 4 January 4, its value rose from US$1.44 to US$3.81 – up 265%. If the original rumours of a first week of January launch of XRP on Coinbase were true, it became untenable. Ripple’s arrival on Coinbase needed to come on the dip to avoid allegations of insider trading. So water was poured on the flames. While no specific reference was made to XRP on Coinbase, or Ripple in general, the following statement was published on 5 December by the company: We wanted to give our customers details about our process for adding new assets to our trading platform. Our mission is to be the most trusted and easy-to-use digital currency exchange. We believe sharing this process with our customers is an essential part of building that trust. A few months ago we released our Digital Asset Framework which highlights our criteria for supporting new assets. You can read our framework here. A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework. These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions. Coinbase will announce the addition of new assets only via our blog post or other official channels. As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company. In short, the statement says: “there will be no insider trading, we promise.” Note the use of the word “trust” twice in the opening paragraph as an indicator of this statement's political intent. Note the desire to state and state hard that the company is aware of and sticks to confidentiality and trading restrictions. And note the confirmation that anything you read elsewhere is untrue. The technical term for this kind of statement is “covering your ***". Which is why XRP on Coinbase is still a thing. There is nothing in Coinbase’s second statement that contradicts Armstrong’s initial announcement from mid-December. The company is bringing altcoins to Coinbase in 2018. It has published a public checklist of factors that could impact the altcoins selected so you can play along and tick them off with the watchdogs. (It’ a checklist Ripple passes with ease.) But in releasing this statement at all, Coinbase has effectively acknowledged that it cannot make the move in an environment where it can be accused of insider trading. Statements like the one released on 5 December therefore serve a dual purpose. It covers all bases, and it sends the altcoin to be added into a timely decline. The reasons for putting XRP on Coinbase greatly diminish the reasons against. The demand is high – currently it’s the third biggest cryptocurrency in existence. Its application is relevant and mainstream, in that it can replace the currently archaic systems for transferring currency across borders. It has a company behind it to drive that application and manage its PR, and ultimately, its fees are way lower than Bitcoin, its transactions occur in just a fraction of the time, and the initial buy-in is way more palatable to fringe investors. Ultimately XRP on Coinbase is smart business. And it’s in the exchange’s best interest to be proactive in moving this and other rising altcoins to its exchange as quickly as possible, before the people look for them elsewhere.
  3. Hi guys. Do you think its Facebook that may be in line for partnerships with Ripple as they recently hired the big marketing guy from facebook and Ripple has history/trend of hiring people from companies that become partners in future, example Miguel from CME, lots of ex government employees etc. http://markets.businessinsider.com/currencies/news/ripple-hires-facebook-communications-manager-2017-12-1011580387
  4. I dont know if it has been posted already but there has been an agreement between SBI VC and China huobi and it seems to me the all pieces of puzzles are coming together with more and more countries joining the game, and ultimately will help XRP being SBI's major partner. "Develop virtual currency related business in Asian region centering on ChinaHuobiFubby Notice of basic agreement on capital and business tie-up with group"
  5. I dont know if it has been posted already but there has been an agreement between SBI VC and China huobi and it seems to me the all pieces of puzzles are coming together with more and more countries joining the game, and ultimately will help XRP being SBI's major partner. "Develop virtual currency related business in Asian region centering on ChinaHuobiFubby Notice of basic agreement on capital and business tie-up with group"
  6. I have felt that Coinbase and Ripple dont see much eye to eye but recently @migueltweeted and thanked coinbase, in regards to their effort about improvising customer service standards etc. Do you guys think it can be hint or a courtesy because of beginning of new relationship. ?
  7. Hi Guys, I have been into Ripple for few years but I am "Dinosaur" from technology point of view so need help with following questions, if you know the answers, any help would be greatly appreciated. how safe are cold wallets, and can one be sure of safety and security of cold wallets ( no offence to developer) as developer would know all the loopholes and may have access to security key, same issue with ledger s nano..? if your cold wallet stops working out of the blue, and the person managing it disappears, whats gonna happen to the funds..?
  8. Investment Value

    Question re: future of XRP and it's value as an investment vehicle. When I look at what Limited understanding I have about XRP and Ripple, I am puzzled by the notion that holding large volume of XRP would ever be as valuable as say, the equivalent value of BTC. These are my assumptions: Assume banks are becoming ripple customers in order to use Ripple for Bank-to-Bank transfers;(this is the stated business model and seems to be confirmed by the number of conventional banks involved with the currency.) With that stated purpose, a bank would be able to move large amounts of USD easily with fewer XRP say if XRP were ever to reach BTC values. (So at $5k per XRP the bank only has to transfer 200 XRP to move $1 Million USD, and that seems to be efficient and easier.) But once moved, if the bank's customer wants to withdraw $1M USD, then the bank has to convert the XRP to have the cash on hand, which means Ripple allows immediate Bank-to-Bank transfers but creates great risk for bank balance sheets. Assume for a moment that this issue cannot be solved - and that the sole reason for using Ripple is to make Bank-to-Bank transfers faster and more secure, but "efficiency and ease" aren't the goal. In that circumstance it is more practical for banks to keep the value of XRP as close to the USD as possible, if not under $1 USD to factor in the bank's fees for the transfer. So to keep the numbers round, transferring $1 USD = 0.99 XRP. Then, balance sheets are a lot cleaner with less risk of the bank being shorthanded because XRPis = or <USD. Now Assume that Ripple Labs' holding 60% of the coins is being done in order to be able to control the value of XRP (i.e. flood the market when price gets too high.) And the 60% they're holding is described to customer banks as their insurance policy to guard against inflation of the XRP value. Assume that XRP as a consumer payment method (for example accepted currency by Alibaba and transacted with AliPay) would also argue for the value to be held to a very (relative to BTC) low value because consumer transactions require a value easily obtainable. Now my question: if the above assumptions are true, and it makes sense for XRP to stay closer to the value of USD, is there reason to believe the value of XRP will ever exceed $1 USD? Just wondering where my understanding lapses ... so I can understand the XRP investment logic. I'm holding a reasonable number of coins and deciding whether to continue to increase investments. Contributions appreciated.
  9. http://www.profitconfidential.com/cryptocurrency/ripple/ripple-price-forecast-analysis-august-21-2017/
  10. XRP is the future i got this from Ripple.com and was going through article with link below, Major thing here was confidence in words, Please tell me if you felt the same. Here you go. "It’s a question of WHEN, not IF, banks and other financial institutions begin using digital assets in their day-to-day business operations and it will be interesting to see who the winners and losers in the digital asset space will be. We are confident that XRP will succeed because it has a purpose – enabling financial institutions to send money across borders quickly, cheaply, and easily – that is relevant to businesses and consumers everywhere." https://ripple.com/insights/nine-things-need-know-xrp/ Thanks
  11. A common line of thought has been this, don't invest more than you can afford to lose. But, if an investor invests in crypto in small amounts, won't the returns also be fairly small? I'm not sure if there'll be another coin that's currently selling for cents and will probably shoot up like BTC did. Right now, I limit myself to spending $100 per month in the coins that I support, and their technology. But I also feel that a small investment like this will probably not amount to something big. People who've become crypto millionaires have put in at least 40-80k USD into their investments in the earlier years...
  12. https://xrphodor.wordpress.com/2017/07/18/future-proof-your-portfolio-with-xrp/ This is my latest blog entry. A lot of crypto investors don't really think beyond a small "play" on Polo where they try to cash in on a hot crypto that's "going parabolic". But if you're looking to make an investment that has the most future potential, you have to see entire future trends and markets well ahead of time, like Ripple tends to do with uncanny accuracy, in my opinion. Let me know if you agree / disagree, and feel free to share as much as you like! Reddit: https://www.reddit.com/r/Ripple/comments/6o41dx/future_proof_your_portfolio_with_xrp/ Twitter: https://twitter.com/Hodor7777/status/887429811592978433
  13. I surmise that the publicity that this post generated resulted in some amount of investment by groups of speculators, but it would be interesting to see just how much... much to my surprise, the mainstream news media didn't really talk about it much. I would think that even the crypto-currency press coverage would have pounced on this! http://pagesix.com/2017/06/04/matthew-mellons-ripple-investment-is-paying-off/
  14. https://xrphodor.wordpress.com/ Yes, it's me. After some prodding from xrpchat forum members, I'm finally moving my blogs to an actual blog platform... but I'll still be incessantly sharing my opinion here like normal! Let me know what you think of the first off-xrpchat blog post. Hodor!
  15. Hello All, I am looking to invest in a crypto related business, ideally an exchange. This is a serious proposal, I have cash (GBP) to invest in an exisiting business or a start-up. One option is for me to be an investor on a silent partner basis. Another option is to invest and to also contribute towards expansion and development of the project by project assisting/management and php coding. I have sent an email to one exchange but heard nothing back. In the coming days I will be contacting others en masse in the hope that progress can be made. - Are you thinking of crypto related start-up? - Do you already have one and are open to a cash injection for expansion? - Are you aware of a crypto related business that might be interested in my proposal? Please post here and let me know your views about crypto related investments in general and also about any business opportunities. Feel free to ask any questions. Thanks
  16. I was going to title this thread "Its Not a Bubble!", but I thought the reference to Arnold Schwarzenegger's famous line from Kindergarten Cop might be lost on some readers... I kind of feel like Arnold did when people keep saying "we're in a bubble." My reaction is astonishment. If anything, it's a "bubbling trend" at best, but its definitely not a singular bubble. Singular bubbles burst, and then they go back to the previous state. There are many different parabolic valuations happening with individual ICOs (Initial Coin Offerings), and in the crypto-currency space in general. It's a massive influx of capital that is starting to look like a permanent shift in where people are storing value. I don't think there is a "bubble", because I don't foresee these people going "back" to traditional finance anytime soon. Capital Flight (source: http://www.investopedia.com/terms/c/capitalflight.asp ) So that's the official & traditional definition of capital flight. But to see how it applies in 2017, it's not just about geographic flight. It's about the money itself. Bitcoin made it possible to create a store of value that is fiat-independent and extremely resistant to government control. Anybody worldwide can own XRP, for example. And we know that, long-term, XRP is only going in one direction with regards to value. So why would investors continue to pour money into markets which are now being measured at greater and greater value against fiat, when they're smart enough to understand that inflation is occurring regardless of the official information that's being communicated? The smart ones are getting out of the traditional markets first. They've done the math and seen others get very wealthy with parabolic returns on Poloniex. Yes, it's possible for them as well - it's possible for any of us. Who's Money Is It? It's difficult to get large amounts of money directly into the crypto-currency space. As most of you have discovered, you must first deal with a transfer to ... Bitcoin, usually ... and then transfer those to an exchange where you can purchase any other type of crypto-currency. This is not a system where large amounts go unnoticed. If you're a whale trader and you want to be sneaky about things, it's very difficult due to the fact that the first steps into the system are very easily tracked by exchanges. Even given these issues, the "big money" is starting to take notice, and investment bankers and venture capitalists are starting to place their bets as well. The big risk-takers got in back in 2014, but the other more mainstream investment bankers are now on notice about the potential returns. And... it's a good bet that their customers want in on some of these headline-making returns. (source: https://moneymorning.com/2014/04/11/check-out-whos-investing-in-bitcoin-now/) One reporter tried to grasp the magnitude of the capital flight taking place, flowing into bitcoin and other crypto-currencies. (source: https://news.bitcoin.com/bitcoin-experience-flow-new-money-mainstream-attention/ ) Notice the mention of South Korea? That's the country where, to trade any Bitcoin or crypto, one of the KYC procedures is a face-to-face interview. What's driving South Korean's to overcome even these incredible barriers to entry and pay an exorbitant mark-up on Bitcoin? Political Unrest, and increasing tensions with North Korea! (source: http://thebitcoinexaminer.com/bitcoin-price-hits-3800-in-south-korea-factors-of-arbitrage-cryptocoinsnews/ ) These sorts of anecdotal observations lead me to believe that it's the common "small potatoes" investor that's putting their fiat into crypto-currency. Are We Done? 83 billion might seem like a lot of international value. It's not. Its literally a blip on the radar screen of international value. Some individual companies have market capitalization larger than all of the money in crypto-currency. (source: https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization ) We are at the beginning, not the end! We've "gone parabolic" twice now. It will happen multiple times again. If you're a trader, place your bets, but remember where your "smart money" should be when it comes to the long-term investment that will integrate with the current banking infrastructure of the world. Make sure your "stash" is safely stored in XRP!
  17. https://www.corda.net/2017/05/r3-secures-largest-ever-investment-distributed-ledger-technology-usd-107-million-40-institutions/ I think this is great news, even though it's listed in the "investment" stage still. Reason: It's a who's who of Ripple partners. The point is, we might be one step closer to definitely knowing if R3 is going to go in the direction of ILP using RCL/XRP. If you look at the list of the banks, you'll notice MANY cross-overs with the list of banks that have been running XRP and RCL, either at the trial stage or actual production integrations! Here's the list, with my bold * on the ones I know of: Banco Bradesco Bangkok Bank * Bank of America Merrill Lynch Bank of Montreal Bank of New York Mellon Barclays * BBVA * BNP Paribas B3 (BM&FBOVESPA and Cetip) Canadian Imperial Bank of Commerce Citi Commerzbank * Commonwealth Bank of Australia Credit Suisse CTBC Financial Holding Daiwa Securities Group Danske Bank Deutsche Bank HSBC ING Intel Capital Intesa Sanpaolo Itaú Unibanco S.A. * Mitsubishi UFJ Financial Group (MUFG) Mizuho Natixis Nomura Nordea Bank Northern Trust OP Cooperative Ping An * Royal Bank of Canada * SBI Group SEB Societe Generale Sumitomo Mitsui Banking Corporation * TD Bank Group Temasek The Bank of Nova Scotia * The Royal Bank of Scotland U.S. Bank * UBS AG Wells Fargo Westpac I know for a fact I've missed some - let me know if any others have been experimenting with XRP / RCL already.
  18. I'd like to gather some opinions of the community about the pros and cons of both ledgers to evaluate my investments. I would say right now Quorum would be the direct competitor of Ripple right? What do you think? Best, RAVINTOLX
  19. I am new here. Are we allowed to seek or share trading or investment advice on ripples in this chat room?
  20. Hi to all ripple friends , does anybody knows if there is a cryptocurrency index investment fund out there? if so , what crypto index fund can you recommend? please share info . Thanks.
  21. @miguel Dear Miguel, I loved your interview and believe Ripple has chosen the right person for the job. You mentioned that you would like to increase the XRP demand in order to increase the price but I am sorry to say that at this moment this statement is very contradictory because to do that you have to make sure that buying xrp should be piece of cake for new customers but infact it is not easily available to people who are seriously interested in buying them, they have to go through hoops and hoops of cryptos and fiats to buy xrp which sometimes puts serious buyers off. I will give you my own example. I am in Australia ( in which you are working with multiple banks (but still dont have any website directly offering xrp, which is a shame to be honest. I paid 8% in fee and charges (including forex and bank fee and charges ) which could be saved, had xrp been available in Aud. @miguelI do not consider myself wise enough to tell you about your business but if that is ok with you, i would like to add my two cents. In order for people to trust you with their money i think (among other important things) two things are must (apart from stability of price ofcourse ) (1) Easily availability (even gold is useless if interested buyers can not buy that ) (2) trustworthy wallets to store their xrp ( I love gatehub but most of the conservative customers would probably prefer if their banks or companies supported by their banks can store them. (example Coinbase supported by Westpac ). Keep doing a good job mate.
  22. I thought it would be a good idea to talk about why xrp could be the best blockchain currency investment of 2017. The biggest news at the moment is this. https://www.google.com/amp/www.cnbc.com/amp/2017/03/01/japanese-banks-plan-to-adopt-blockchain-for-payments.html XRP is now very firmly established as the first mover to launch a realworld working product in the banking sector. But, there are so many other things in the works this year for Ripple. SBI and Kraken bringing better exchanges to Asia. Bitgo creating a new XRP wallet. 1,000 transactions per second vs Ethereum's 15 and bitcoin's 7. I just felt there should be a page to highlight all of the good news and people's thoughts on what this year could mean for XRP and the larger blockchain community.
  23. In the light of new information about different banks onboard with Ripple. What do you guys think will be the right price to get out of xrp. I think 25% at 10 cents (Assuming it ever gets there and above ) 25% @ 25 cents 25% @1 USD then depending on news and market at that time. Please share your opinions in the hypothetical scenario of price going up as i find its easier to not to sell when you can lose your own money because most of us have hardly thousands of dollars invested individually so anyone can live with losing few thousand dollars but when price gets to a certain point its much more money and we will be tempted to sell with each move as we dont want to lose a life changing amount and on the otherside if it goes further up we will regret it for rest of our lives that we could not hold it so for me its bit catch 22. what do you think...?
  24. http://uk.reuters.com/article/uk-axoni-blockchain-idUKKBN14907A Looks like R3 has company in NYC.
  25. I dont know if it has been posted recently but I just found out article below. It states India is biggest recipient of foreign remittances and lots of banks have shown interest in Ripple during Dilip Rao's trip to india. Please read the full article below and let me know what you guys think... http://timesofindia.indiatimes.com/business/india-business/Overseas-remittances-costs-to-reduce-with-new-system/articleshow/53767362.cms