XRP price in 3 years.

[JojoBelt]

8 hours ago, divingman10 said:

It's hard to imagine that you've been a member of this forum for a while and you have over 100 posts and you post something like this.

Have you ever taken the time to investigate your concerns about Ripple holding the majority of XRP?

And as for "not created" or "pre-mined". Why would that give more credibility or value to a cryptocurrency? 

Where do all the Bitcoin derivates or Ethereum forks come from? They come out of nowhere as well right?

I did investigate all about Ripple. I believe that anyone with common sense would prefer Ripple has less XRP, those are not calculated in price od todays xrp. The number of xrp Ripple holds is soo big that they do not need to worry about the price. Even at this price they have quate big gold mine. Currently they are able to sell 1 billion xrp each month.  And this is not incresing price of xrp. 

I am not speaking about other crypto since 99% of them have no real usage and time will show that. Forks do not make money out of nothing. Money comes from those whi buy fork crypto with fiat. Marketcsp means nothing.

I am just realistic and there is also posible that xrp is worthless. There are many ways this can happen. Regulations, some better solution itc.. No one knows. 

I believe in XRP and hope that Ripple will be able to put xRapid in real usage. I still buy xrp every month and hold all of them, but I am prepared for worse case also. If you are not, then you should not be in crypto!

 

And I dont spread FUD.

 

 

 

Edited August 23, 2018 by JojoBelt

[Triple]

37 minutes ago, ringer2 said:

 Of course they  aren’t doing it with the intent of suppressing the price. But the fact is the action is suppressing the price whether that is their intent or not. There is no way you can claim someone cashing out 1 million XRP in order to take profit is going to dramatically affect the price and then turn around and claim that the monthly escrow releases are not going to affect the price as well. 

There's a difference between "dumping" onto the market and selling below market value and strategically placing sell orders higher than the market value. If Ripple had half a brain they'd be doing the latter to preserve the rest of their holdings over time. Will this prevent the price from rising as rapidly? Absolutely. Will it lower the price? No.

[ringer2]

16 minutes ago, Triple said:

There's a difference between "dumping" onto the market and selling below market value and strategically placing sell orders higher than the market value. If Ripple had half a brain they'd be doing the latter to preserve the rest of their holdings over time. Will this prevent the price from rising as rapidly? Absolutely. Will it lower the price? No.

Their escrow releases will ultimately be sold essentially the same way an investor cashed out. They would ultimately have the same effect on the market.  

[JojoBelt]

5 minutes ago, ringer2 said:

Their escrow releases will ultimately be sold essentially the same way an investor cashed out. They would ultimately have the same effect on the market.  

Agree, but it will take time and a lot of fiat.

Fiat currently comes from us.... a lot of fiat can come only from FI.  It is hard to get this wheel rolling, but if all comes together Xrp can have good value. 

Like we see with bitcoin big players can manipulate price of cyprto. 

[Worldcryptoboss]

6 hours ago, Skunkape said:

This wildly manipulated and speculative market has not changed (eg matured) since the last run up. I believe we will see another insane run within three years, Id say within 6 months even, based on past occurrences.

While the market hasnt changed and XRP is still at the mercy of BTC, Ripple’s fundamentals have steadily improved.

Agree 100% Unfortunately I don't know if the market will be any less volatile in the next 3 years either, even with Ripple's ability to totally change the financial system. 

[bluedalmatian]

7 minutes ago, JojoBelt said:

Agree, but it will take time and a lot of fiat.

Fiat currently comes from us.... a lot of fiat can come only from FI.  It is hard to get this wheel rolling, but if all comes together Xrp can have good value. 

Like we see with bitcoin big players can manipulate price of cyprto. 

https://dailyhodl.com/2018/08/23/institutional-investors-are-buying-xrp-at-a-record-rate-ripple-ceo/

[ringer2]

32 minutes ago, bluedalmatian said:

https://dailyhodl.com/2018/08/23/institutional-investors-are-buying-xrp-at-a-record-rate-ripple-ceo/

And this is exactly why we can experience huge increases in demand and see no increases in price, or even a drop in price. The marginal demand is being satisfied by supply expansion and not by price increases. It is why the dream of $50 let alone $100 XRP is going to require marginal demand increases of astronomical scale. 

Edited August 23, 2018 by ringer2

[Guest]

I look forward to visiting this page 6 months from now to see the low ballers claiming, "Now it's gonna pull back from this high down to $XX.XX" and "Oh well, I'm the happiest person to be wrong!" or "Can't go much higher from here!"

Predictable lot. 

[OzAlphaWolf]

6 hours ago, ringer2 said:

 Of course they  aren’t doing it with the intent of suppressing the price. But the fact is the action is suppressing the price whether that is their intent or not. There is no way you can claim someone cashing out 1 million XRP in order to take profit is going to dramatically affect the price and then turn around and claim that the monthly escrow releases are not going to affect the price as well. 

But there is no evidence that all of that XRP is ending up in the retail market. On the contrary, it's going to market makers setting up for xRapid, institutional holders (per Brad's AMA), other system partners, probably Xpring participants, accredited investors (who may trade some or hold), exchanges (who are probably selling), etc.

So though there will be some coming out to retail exchanges, I seriously doubt it's the majority or even a significant minority.

[OzAlphaWolf]

5 hours ago, ringer2 said:

It is why the dream of $50 let alone $100 XRP is going to require marginal demand increases of astronomical scale. 

I agree with this. But we will see utility demand grow organically and it won't come just from Ripple customers. There's Coil, Xpring and other businesses starting to build on the XRPL. But I am expecting a significant ramp up from Ripple partners during 2019 and definitely 2020. So 3 years from now, 2021, I think the price will be exceptionally healthy in comparison to this year.

[ringer2]

21 minutes ago, OzAlphaWolf said:

But there is no evidence that all of that XRP is ending up in the retail market. On the contrary, it's going to market makers setting up for xRapid, institutional holders (per Brad's AMA), other system partners, probably Xpring participants, accredited investors (who may trade some or hold), exchanges (who are probably selling), etc.

So though there will be some coming out to retail exchanges, I seriously doubt it's the majority or even a significant minority.

You do realize my point still holds. If market makers demand was not being sated by supply expansion via escrow releases they would be getting their XRP from existing supply in the exchanges. 

[ringer2]

17 minutes ago, OzAlphaWolf said:

I agree with this. But we will see utility demand grow organically and it won't come just from Ripple customers. There's Coil, Xpring and other businesses starting to build on the XRPL. But I am expecting a significant ramp up from Ripple partners during 2019 and definitely 2020. So 3 years from now, 2021, I think the price will be exceptionally healthy in comparison to this year.

That is what we all hope for. But there is a lot of u certainty and risk still with that. 

[OzAlphaWolf]

2 minutes ago, ringer2 said:

You do realize my point still holds. If market makers demand was not being sated by supply expansion via escrow releases they would be getting their XRP from existing supply in the exchanges. 

Of course, but your comments on the topic are often loose and can be easily read as the whole of sold escrow ends up on the open market. And I don't see the evidence for that.

[ringer2]

1 hour ago, OzAlphaWolf said:

Of course, but your comments on the topic are often loose and can be easily read as the whole of sold escrow ends up on the open market. And I don't see the evidence for that.

It doesn’t matter if it ends up on the open market. It satisfies demand either way. 

[OzAlphaWolf]

1 hour ago, ringer2 said:

It doesn’t matter if it ends up on the open market. It satisfies demand either way. 

Yes, but that's only one side of the equation. The way this has been presented is that all of the sold escrow ends up depressing the price. I'm saying no, I think the downward pressure is far less than is assumed because the entire new supply in the form of sold escrow is not all available to push down the price.

Anyway, I think this is picking over nits. We both agree that real and growing demand, from whatever source, will be key to push the price up.

Edited August 24, 2018 by OzAlphaWolf