Bitcoin price chart overlay over ripple

[Koosh]

If bitcoin can be successful over years and with lucrative developments in ripple, we will see an overlay of bitcoin price over ripple in the next few months...possible to see 100 this year and 1000 next year...absolute unrealistic for some but only some predicted bitcoin to take on 1000 and 10000.COINBASE inevitably will be adding ripple with the xrapid pushing to higher burn out rate and more speculative volumes...of course more fiat monies will be pumped in with regulations on cryptos from cross border regulators...please note that there is an inverse H&S  at the time we are talking ...so i smell bulls coming ?...cheers...

[protechtor]

There is over 2400 times more XRP in circulation as BTC right now. Comparable price of XRP assuming same limited number of BTC coins would be north of $2000 right now. I completely agree that real utility use cases of xRapide will increase demand on XRP and therefore price, but $100 XRP would be comparable to $200,000+ BTC price. This would require a massive transaction and speculative trade volume surge in XRP.

Edited February 25, 2018 by protechtor
changed 2400% to 2400 times to eliminate confusion (thanks John_Buh)

[John_Buh]

14 minutes ago, protechtor said:

There is over 2400% more XRP in circulation as BTC right now. Comparable price of XRP assuming same limited number of BTC coins would be north of $2000 right now. I completely agree that real utility use cases of xRapide will increase demand on XRP and therefore price, but $100 XRP would be comparable to $200,000+ BTC price. This would require a massive transaction and speculative trade volume surge in XRP.

Your arithmetic is all off - don't worry, there is deep confusion everywhere about percentages.  Ripple circulation is more like 2400 times  the circulation of Bitcoins.  So if Bitcoin is $10,000, then 10,000 divided by 2400 is roughly $4 something.

[protechtor]

9 minutes ago, John_Buh said:

Your arithmetic is all off - don't worry, there is deep confusion everywhere about percentages.  Ripple circulation is more like 2400 times  the circulation of Bitcoins.  So if Bitcoin is $10,000, then 10,000 divided by 2400 is roughly $4 something.

My bad. Yes, I meant 2400 times. Thanks for the correction. Point was to compare relative price of XRP to Bitcoin. if XRP had the same # of coins in circulation as bitcoin.

Edited February 25, 2018 by protechtor

[Mrecho]

wha do you guys think of polymath? 

 

Edited February 25, 2018 by Mrecho

[Gepster]

You guys are talking about the supply of XRP against Bitcoin and try to apply logic. It seems the bots don't really care about circulating supply as we have seen weird numbers like: 

10k BTC/1k ETH 1dollar XRP. And

7k BTC/700dollars ETH and 70 cents XRP

Since this makes no sense based on supply i think anything is possible in crypto.

I bet we are going to see 50K BTC/5K ETH and 5 dollars for XRP in 2018.

Edited February 25, 2018 by Gepster

[XRPanda]

1 hour ago, Mrecho said:

wha do you guys think of polymath? 

 

Maybe the next Bitconeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeect? 

[jasil]

3 hours ago, Gepster said:

You guys are talking about the supply of XRP against Bitcoin and try to apply logic. It seems the bots don't really care about circulating supply as we have seen weird numbers like: 

10k BTC/1k ETH 1dollar XRP. And

7k BTC/700dollars ETH and 70 cents XRP

Since this makes no sense based on supply i think anything is possible in crypto.

I bet we are going to see 50K BTC/5K ETH and 5 dollars for XRP in 2018.

Why so low $5 won't be supported by the lambo crowd though I agree with $5 in 2018.