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XRP - Ripple (in the pond)

Discussion in 'Forex and Cryptocurrencies' started by notting, Dec 29, 2017.

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  1. notting

    notting

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    Ripple is a crypto currency with a difference.
    It has it's own digital token that trades as XRP but markets itself as cross boarder payment solution for big banks.

    Ripple is a payment network for banks and financial institutions that allows them to send and receive currency and settle transactions more quickly and more cheaply than their existing back-end systems.
    Ripple’s network of nodes is akin to the bitcoin blockchain., did not launch until 2012, the concept, however, originated in 2004, which predates bitcoin.

    Whilst Bitcoin was taking an 11% beating overnight, XRP was up - 30% in the last 24 hours, more than 450% in the last month and over 20,000% year-to-date (YTD).

    Last nights rise is probably because - A Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia — formed with Ripple in 2016 — announced the establishment of a "consortium" with some Japanese credit card companies to utilize blockchain technology, according to an online translation of a release.

    "One of the things we all have to remember is the value of a token over the long term is really going to be driven by its utility," Ripple CEO Brad Garlinghouse

    XRP appears to be on a path of it's own at present.
    You can't short it, yet, and remember that when the dot com bubble burst they all got creamed.
    There were one or two survivors that did very well after crashing with the rest like Amazon, Amazon and Amazon
     
    Last edited: Dec 29, 2017
    myrtie100 likes this.
  2. notting

    notting

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    In US$
    Ripple moves into 3rd place on the ladder and is staring down No.2

    upload_2017-12-29_20-15-4.png
     
  3. tech/a

    tech/a No Ordinary Duck

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    And it’s $1.97
    Was $1.02 when we bought most of it
    Averaged at 76c
    Nice summary Notting
     
  4. notting

    notting

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    I was curious about what your average in price would have been.
    I suspected it would have been a little higher.
    Very nicely done!
     
  5. tech/a

    tech/a No Ordinary Duck

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    Probably will be by the time we are finished
     
  6. tech/a

    tech/a No Ordinary Duck

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    Ripple $2.32
    Just a bubble
     
  7. moXJO

    moXJO menace to society

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    Yay!!!!
    I'm rich(er)
     
  8. skyQuake

    skyQuake

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  9. skyQuake

    skyQuake

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    Make that 20%!!!
     
  10. notting

    notting

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    Just watched it go from 2.96 to 3.73 then back down to 2.80 Au$ in the space of half an hour

    upload_2017-12-30_8-32-39.png
     
  11. skyQuake

    skyQuake

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    Absolute madness. It went above Korean prices for a brief moment!
     
    notting likes this.
  12. notting

    notting

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    I suspect many of the people trading it are thinking - 'Hey it's still only $3.00 Bitcoin is $14,572. I'm gonna be a tenthousandaire :D'
     
  13. skyQuake

    skyQuake

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    AU Ripple most expensive in the world lol
    5% higher than Korea, 25% higher than US

    Sell!
    XRP2.png
     
  14. notting

    notting

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    Well for God sakes buy US!!o_O:speechless::eek::xyxthumbs:D
     
  15. skyQuake

    skyQuake

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    When my bitfinex acct gets verified (Pending from sept) I'll try :p
     
  16. notting

    notting

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    Just wait till you try to get your millions out!
     
  17. Kryzz

    Kryzz shaun

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    Definitely the most successful of my alt coins to date.

    Tech might be showing a six figure profit in no time!

    Capture.PNG
     
    skyQuake likes this.
  18. moXJO

    moXJO menace to society

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    I want to pull a couple hundred k out. Which exchange is the most capable?
     
  19. Kryzz

    Kryzz shaun

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    Have been using Independent Reserve & BTC Markets all year with no issues. Know someone who has made transactions of similar size to yours, I think the max fiat withdrawal is $50k a day.
     
  20. tech/a

    tech/a No Ordinary Duck

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    Glad there are some here on board

    Evidently we are all crazy
    Personally we are just going to sit on ours,
     
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