Why the price of XRP has almost NOTHING to do with utility

[Guest]

I wanted to understand why we need to wait for banks or some government approval if we could use it without banks and governments.

Because everyone wants to become millionaires at a certain point and then dump? What logical reasoning for this?

Be honest, what Ripple did was the greatest innovation of this century, the team thought in every step, beginning with the inefficiency of the current Swift and any other financial system. We have the opportunity to be the first of a system that will in fact be replaced worldwide and I guarantee it will be before 2020. I am absolutely certain of what I am saying and believe if you want, just do not regret not having entered before.

There are several analysts, there are several youtubers, conspiracies, religious who are always saying that the "real bubble" USD will burst and together will lead all markets to decline and as a consequence the next crisis will be "Global." Do not believe? See how the trade war affects the stock market all over the world. See how these simple Samsons ends up with the fiat value of a country (Turkey), see what is happening with Venezuela, Argentina, Bolivia and soon it will happen in my country (Brazil). 1 USD is worth 4 BRL and analysts say there is a good chance of reaching 5.50 BRL. I remember one year when $ 1 was $ 1.70

So I wonder, why are there people wanting to become millionaires, when such asset reaches the desired value and converting to fiat if when that crash happens you will not have time to switch to your preferred crypto? If you think that when this happens you will have time to change into crypto then you are nothing but an alienated. The elite and many important people will already have the information in advance and they have also warned their friends and family to get ready. Inflation will reach record highs that have never happened in history, many will "try" to withdraw their money and then banks will stop if they do not freeze most bank accounts.

In my opinion, there is no time to create a perfect system like Xrapid that has been working for years and they have suffered a lot to reach that level where much of Asia is embracing daily. Google Trends shows how Japan, Korea and India research more than USA. And now see Turkey and Venezuela as the search for the word XRP has increased in recent days. There are those who prepare to face the inflation of the country and I am one of them. I have almost no more BRL, I protect myself with 15% in USD, 10% in EUR and 75% in XRP.

I do not invest all my capital in XRP, but I always buy some when these dives happen, but there is not always money left because my BRL is worthless = (but any 10, 20, 100 xrp is already a great achievement.

Remember soon we will have the result of the SEC on the XRP + JPY data in the XRP CHARTS + Xrapid and who knows this year the Cobalt

Who loves XRP does not think about how much it is worth, but rather uses it as USD, EUR, GPB, BRL and this is why there is Wirex = P

And to conclude, there will be 1,000,000 news stories against XRP, because that's the plan, "distraction" they want you on the BTC. If you doubt the XRP then sell now or since it has no value, buy only $ 10 and donate to me ?

[Guest]

I also saw a topic that says not to buy in red candles because the whales play deeper and then I see that the problem for most people is not to accept that other people can buy cheaper than you paid. Accept and enter the game, buy it all over the dive because the price does not matter. If you drop to 0.25 buy more, if you play to 0.16. Buy more if you drop to 0.8 buy more. In the end who will lose more? Now if you think it will collapse and never go back to 1 USD then do not even enter that market. Because if you believe in XRP then it does not matter the value because XRP is going to be news of 2019 the whole year, believe me if you want.

[2ndtimearound]

9 hours ago, lucid99 said:

And you're a xrp fanboy that can't listen to any argument that doesn't support his narrative.

Nope.  I am a pragmatist.  I sold 100K of XRP in late Jan, rebought back in again.  I'm a "fanboy" of the tech, yes - but not arbitrarily of XRP.  XRP is - for me - a means to make money, nothing more or less.  If it takes 3 days or 3 years to make a profit I am happy with, I'll wait for either.  I sold quickly in January (much faster than I anticipated) because I didn't want to lose the profits I had - even if it mean not realising even greater profits if the price rebounded.  If it takes 3 years to take my next set of profits, so be it.  And by the way, I think it helps to be a "fanboy" of the solutions Ripple provide (via XRP) - it makes it easier for me to hold. 

Having said that, I'm also critical when things are over-promised and under-delivered - like SBIVC.  For me, the CEO really make a mistake by hyping it up too much.  I'm sure it will be a success in the future, but the "blink of an eye" did not happen.

[2ndtimearound]

9 hours ago, DHWolf said:

I also saw a topic that says not to buy in red candles because the whales play deeper and then I see that the problem for most people is not to accept that other people can buy cheaper than you paid. Accept and enter the game, buy it all over the dive because the price does not matter. If you drop to 0.25 buy more, if you play to 0.16. Buy more if you drop to 0.8 buy more. In the end who will lose more? Now if you think it will collapse and never go back to 1 USD then do not even enter that market. Because if you believe in XRP then it does not matter the value because XRP is going to be news of 2019 the whole year, believe me if you want.

That's my philosophy.  I always look at the current price (e.g. 34c) before considering a buy and say "will it never ever go above 34c again?" - then I buy.  If a black swan event comes and XRP dies a death suddenly, then we lose.  Fair enough.  But if that doesn't happen, I see XRP being a success with x% of the market, and that will take its price north of $1 again (being very conservative) and then I profit again as xRapid will be live by then and I truly believe we will find a higher floor price. 

Edited August 22, 2018 by 2ndtimearound

[XRPSlovenia]

56 minutes ago, 2ndtimearound said:

Nope.  I am a pragmatist.  I sold 100K of XRP in late Jan, rebought back in again.  I'm a "fanboy" of the tech, yes - but not arbitrarily of XRP.  XRP is - for me - a means to make money, nothing more or less.  If it takes 3 days or 3 years to make a profit I am happy with, I'll wait for either.  I sold quickly in January (much faster than I anticipated) because I didn't want to lose the profits I had - even if it mean not realising even greater profits if the price rebounded.  If it takes 3 years to take my next set of profits, so be it.  And by the way, I think it helps to be a "fanboy" of the solutions Ripple provide (via XRP) - it makes it easier for me to hold. 

Having said that, I'm also critical when things are over-promised and under-delivered - like SBIVC.  For me, the CEO really make a mistake by hyping it up too much.  I'm sure it will be a success in the future, but the "blink of an eye" did not happen.

I like how you think  bravo!

Specially second paragraph... we all need to think sober and not with emotions. I really hate when someone needs to write three or four sentences a full disclaimer that (s)he is PRO XRP, LONG ON XRP, don't want to FUD or FOMO, otherwise (s)he is absolutely bashed and trashed around like a garbage bin. It's ridiculous people! Come on... We need to address topics as they are, in the way info is delivered.

[Worldcryptoboss]

16 hours ago, IAmATroll said:

You all can argue with the OP about XRP utility, but I am going to ding him on this comment:

Because you made this statement, I know you have no idea what you are talking about (both XRP and PMs)

Day to day use of PMs

Use a mirror everyday? - Made of silver
Use a cell phone everyday? - Uses gold and silver
Use a computer everyday? - Uses gold and silver
Use a GPS or Google maps everyday? - The satellite that they connect to uses gold and silver
Work in an office building with tinted windows? - that tinting comes from gold and sometimes silver
Watch TV everyday?  - Uses gold and silver
Know anyone with arthritis? - The medicine to treat it contains gold
Use CDs or DVDs? - Uses silver
Wear deodorant? - Uses silver
Wear a watch? - Uses silver
Use a digital camera? - Uses gold and silver
Fly on a plane? - Uses gold and silver
Drive a car?  - Uses gold and silver
Use LED lights? - Uses silver
Ever see a doctor or go to the hospital?  - Doctor lab coats have silver in them
Drink bottled water? - Filtered with silver
Use laundry detergent? - contains silver
Use anything that is plastic? - Contains silver
Use solar panels? - make out of silver
 

There are a ton of ways PMs are used in everyday life.  Do some research before spouting facts next time....
 

The majority of what you're pointing out use minute quantities of the substance. I'm well aware that they are used in many electronics (again, in minute quantities). Perhaps I should have worded it differently

[Worldcryptoboss]

17 hours ago, 2ndtimearound said:

Go away.  You're a new born baby interested only in the short-term price of XRP - how utterly tedious.

It seems you're enjoying being juvenile and ignorant. No need to insult me because you disagree. I'm more than happy to argue my points and hear others disagreeing. 

[Worldcryptoboss]

6 hours ago, XRPSlovenia said:

I like how you think  bravo!

Specially second paragraph... we all need to think sober and not with emotions. I really hate when someone needs to write three or four sentences a full disclaimer that (s)he is PRO XRP, LONG ON XRP, don't want to FUD or FOMO, otherwise (s)he is absolutely bashed and trashed around like a garbage bin. It's ridiculous people! Come on... We need to address topics as they are, in the way info is delivered.

THANK YOU. 

Happy to discuss, and listen to ALL persons who disagree with me just like those who agree with me. I don't appreciate juvenile comments, or persons who are saying I'm trying to spread FUD simply because you disagree. I'll repeat (for the final time) - I love the technology Ripple is bringing out, I think that XRP is a great short to medium term investment, I just am not sure that the innovation will translate to a significant impact on the price of XRP.

[Guest]

 

5 hours ago, Worldcryptoboss said:

Happy to discuss, and listen to ALL persons who disagree with me just like those who agree with me.

I've noticed a trend in recent times....  seen it in a few different instances.

A new user, or a long dormant user, some one who has never had any interactions with us apart from these prominently negative threads,  will start a very negative-to-XRP thread title, and in it say that they truly love XRP but that it won't ever rise in price.

They have a seemingly plausible reason for their belief,  but dont respond to any posts that point out the fundamental flaws in their argument.

They will reply to all posts that have any points against their view,  but that have the slightest bit of wriggle room.   They can then argue against these adjacent points but ignore the truly fundamentally undermining ones.    This keeps the negative thread prominent in the activity lists.  Anything to keep the thread prominent.

Maybe it's just my paranoia, but it's a clear pattern, and none of the users that I've noticed do this thing,  subsequently go on to become normal users who have other aspects to their conversations and interactions other than bagging XRP potential.  They just cease to post and a new user replaces them.

Its an interesting phenomena.

[Badricks]

Well, in "normal" boards it could be just trolling/double-accounting but in economical boards, it is sometimes a more or less desperate way to influence the market even the slightest bit. On the other hand, to believe such a thing is going to work in general - or especially on a site like it - is of course verrry unlikely or frustrated, so i would go with trolling in 99 of 100 cases.

[VegitaXRP]

On 8/21/2018 at 4:54 PM, Ripple-Stiltskin said:

I think that the utility itself maybe will have a minor impact ( 100% marketshare of Swift equals 5 trillion of CB payments a day equals a mathematical price of XRP of $ 0.00145 given 40 billion in circulation and settlement in 1 second > do the math!) but the fact that XRP is utilized will have a huge impact ( speculation / storage / scarcety / time-friction etc etc). 

Do your math again.

[Ripple-Stiltskin]

1 hour ago, VegitaXRP said:

Do your math again.

Nope: it’s right until you prove it wrong.

Edited August 23, 2018 by Ripple-Stiltskin
So grab your calculator and show me!

[Worldcryptoboss]

23 hours ago, Tinyaccount said:

 

I've noticed a trend in recent times....  seen it in a few different instances.

A new user, or a long dormant user, some one who has never had any interactions with us apart from these prominently negative threads,  will start a very negative-to-XRP thread title, and in it say that they truly love XRP but that it won't ever rise in price.

They have a seemingly plausible reason for their belief,  but dont respond to any posts that point out the fundamental flaws in their argument.

They will reply to all posts that have any points against their view,  but that have the slightest bit of wriggle room.   They can then argue against these adjacent points but ignore the truly fundamentally undermining ones.    This keeps the negative thread prominent in the activity lists.  Anything to keep the thread prominent.

Maybe it's just my paranoia, but it's a clear pattern, and none of the users that I've noticed do this thing,  subsequently go on to become normal users who have other aspects to their conversations and interactions other than bagging XRP potential.  They just cease to post and a new user replaces them.

Its an interesting phenomena.

My thread isn't negative though. 

It's simply saying that despite the amazing utility of XRP, that will not be the driving force of price in the short to medium term. 

 

[ADingoAteMyXRP]

8 hours ago, Ripple-Stiltskin said:

Nope: it’s right until you prove it wrong.

So the trolls don't starve to death...

40 billion coins won't be in the hands of liquidity providers. They'll have maybe 2% of that if they're lucky.

No one will be willy-nilly throwing the same zerp back and forth across the planet constantly all day long. They'll be buying in a destination country, holding until they have a customer that needs that zerp, and then selling. What sounds like it takes 3-4 seconds actually means a liquidity provider is holding for 3-4 hours (that number may be out of my ass, but my ass is more accurate than your Guinness World Record minimum possible zerp-hold time.)

Remember, most coins will be in the hands of corporate entities and banks, who will find it lower-cost to hold one pile (sort of an all-currency nostro account) than to pay both sides of the transaction to liquidity partners. They can simply pay the destination exchange.

The overall market will decide on the price of XRP, not some mathematical minimum possible value. We are well above your estimate which makes your estimate wrong. 

"Based on my numbers the sky is red. Prove me wrong!"

Edited August 23, 2018 by ADingoAteMyXRP

[Ripple-Stiltskin]

9 minutes ago, ADingoAteMyXRP said:

We are well above your estimate which makes your estimate wrong. 

 

Jeeezz, did you even read the second sentence of my post? 

Edited August 23, 2018 by Ripple-Stiltskin
It summarized in just a few words what you said in 2 pages.