Ripple partners with MoneyGram! XRP begins to moon shot, how high will XRP CryptoCurrency go?
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A lot of people are curious how to buy BTC (Bitcoin) ETH (Ethereum), XRP (Ripple) and Stellar (XLM), and how to invest. Here is 5 easy steps to do so.
Here is how to buy XRP
1. Make an account with Coinbase here, You will get 10$ worth of Bitcoin once you Buy or Sell 100$ worth of coins
, purchase BTC or ETH. We suggest ETH as the transaction time is quicker and cheaper.
2. Make an account Binance at:
3. Transfer your BTC or ETH from coinbase (or any other exchanges) to Binance.
4. On Binance exchange your BTC / ETH for XRP
5. Hold on to your XRP and enjoy the ride!
You can buy XRP on many exchanges but a lot of exchanges lack proper security, good trading rates, and quality customer service.
We have found the best place to buy/sell XRP is Binance.
It is user friendly, very secure, they have good trading rates, and best of all quality customer. If you are currently using anything else we suggest you use Binance.
So.. here it goes.. My first small steps into crypto. 120$ in Ripple. Do I have an idea what I am doing? probably not :) I know its not really a popular currency, but I have a feeling that with this price it just HAS to go up at some point this year.
Achain, a new revolution ! Read this and you will understand : https://blog.goodaudience.com/friendly-fork-the-next-zclassic-6deb9dd62280
I bought thinking it was goin to go crazy.. went the other way (for now.. i hope) - I'm looking at 1337 Elite Coin.. only .0007 and has tons of community support, and 21% APR for playing games like Minecraft. Anyone have any opinion 1337?
Fucking President the reason you gave is exactly why it is a smaller risk. Ripple will not be subject to the regulation that is coming unlike something like bitcoin. Or how the fuck are you thinking, really?
I've lost so much money on selling ripple too early on multiple occasions. Too easy to freak out each time it drops. But I should have stuck with my theory on ripple which is that they keep getting deal after deal and each deal is going to push up XRP. One just have to have patience.
But I think this MoneyGram deal is VERY big. Finally a big case of using XRP, which has been the major criticism towards previous Ripple deals. It should hammer home that Ripple do actually care about getting XRP in use.
For those who think that banks merely using XRP shortly for transactions isn't going to push up the price of XRP, then you need some Economics 101 ;-) The reason why central banks print money is because if they didn't the number of goods and services would increase while the amount of money would remain fixed. That means that carrying out the same transactions as before requires the price of money to rise.
Ripple is deflationary, as there is a fixed supply. You can't "print" more XRP when all XRP coins have been released. That means as XRP get higher usage, their price has to increase. Say good and services worth 1 million dollars is traded using the whole ripple XRP supply each day. If the trade increases to 2 million dollars in value, then the only way to handle that increase in trade is for the value of XRP to double.
shane marco, I am still doing my research as well ;-) I intend to make a video later on various coins. But anyway here is my current thinking: A lot of coin value comes from pure speculation, and so when you judge its potential value in the medium term, you can't discount the psychology of traders and speculators. So a lot of value will be down to what people THINK a coin will do not what it ACTUALLY will do.
Under normal circumstances with a stable currency, I would suspect that if say the value of of products bought and sold with the coin doubles, then the value of the coin also has to double unless you increase the supply. A lot of crypto currency has limited supply, so as they get used more for trade, their value will have to go up. However actual usage of most coins today is way below their market value. People push up the price in anticipation of future usage. But wide usage of crypto currencies is probably still many years into the future for most people in the west. We are already well served with credit cards and bank accounts.
So I think whoever can create a solution for people in developing countries, with few choices today will actually gain most value. By that I mean remittance payment e.g. Sending money from a rich country to a poor one. People working in rich countries sending money to their loved ones in a poor country today have to deal with steep fees. Ripple could be a solution there. However Stellar which is similar to Ripple, seems to have an edge at the moment with their IBM deal. Still with all their bank deals and the moneygram deal I think Ripple still has the strongest position. Also people in developing countries often don't have credit cards, there are view payment terminals and they don't have access to bank accounts. However they often have cell phones and internet access. I think this is an excellent opportunity for crypto currencies and Stellar seems to grasp this well.
So that is one potential I see. The second is criminals and anybody operating at the fringes of the law or what society is accepting towards such as marijuana dispensaries, adult entertainment industry etc. All these people are kind of excluded from the mainstream banking world, just like the poor. But for them the primary properties they would be interested in would be anonymity and privacy. E.g. people buying drugs don't want anybody else to find out. Hence privacy is first priority for them. Stellar and Ripple are poor choices for these people as these coins/payment systems are much more about transparency and working with authorities. That means I think privacy oriented coins have real potential for actual usage as well. E.g. the darknet selling drugs have already moved away from Bitcoin because it is not offering good enough anonymity. Monero which focus on this is gaining ground. But really any privacy oriented coin such as ZCash, ZCoin, PIVX, Monereo etc could succeed in this space. Personally I have a preference for ZCoin and PIVX.
This possibility are coins tied to services we can't really get easily any other way. Sia, Filecoin, Storj all offer ways of paying for storage kind of like dropbox and google drive, by letting users rent out hardisk space and getting paid in crypto. Other users can then use this space transparently as if they had some cloud drive like Dropbox. Except it is something like 10x cheaper. This is an obvious usage of crypto which I think will gain ground quickly and which offers a sensible way of calculating their actual value. E.g. their value can't go up so high that it is cheaper to use Dropbox, while it can't drop so low that nobody wants to rent out their hardisk space.
I am not great at putting a number on what crypto currencies will be in the future. They tend to increase a lot more in value that I expect. But that Ripple could say go 10x I think is totally unrealistic. Maybe 2-3x. The market cap is already so high that even if they go up that amount the founders of Ripple would be among the richest people on the planet. That seems very unrealistic. You might be better of participating in an increase and then sell out before a correction. Then move in for a new rise. Crypto is bound to fluctuate a lot.
XRP, xRapid help source on-demand liquidity
MoneyGram will access and use XRP, the native digital asset of the XRP Ledger, in their payment flows through xRapid, Ripple’s on-demand liquidity product.
Here’s how it works: xRapid enables real-time foreign exchange (FX) settlement through XRP, which gives financial institutions the ability to unlock liquidity and access multiple corridors with one pre-funded originating account.
What’s more, financial institutions will be able to send on-demand payments, reduce FX costs and fees, and customers will receive real-time insight into the status of their payments.
On the Kucoin exchanger (https://www.kucoin.com/#/?r=E3dnCD) there are very good opportunities for new coins with high potential still not listed on the best exchangers yet. Moreover, this "new exchanger" aims to become the top in a very short time, releasing prizes and competitions as the most famous Binance is doing and also sharing revenue to Kucoin Shares Holders (KCS). Without speaking of the inscriptions blocked on the other exchangers, Kucoin is "doing the numbers", and we'll hear a lot about it in 2018.
Have 3,000, holding and not listening to the people who nothing about ripple, or are just pissed that they didn't get in a t 19 cents and 36 cents like I did. I even bout more at $2.62 and I'm ok with it's recent decline, because I believe in ripple. Banks and government are the greediest MoFo's in the world and they always win. Ripple solves a world problem for these banks and with 5 trillion in world fiat currently using swift, just imagine if Ripple can gain 15% of that business in the next 3 to 5 years, do the math. Not bad for a holding token that we can't use. < What ripple haters say.
Wrong! Money Gram is a losing company. Real cryptos don't need middle man company to send money. Ripple is Banksters Crypto garbage and will make you cripple. Not a Crypto. Wake up people. Hype garbage. Total Joke. No one uses Money Gram that is why the company is rated a severe sell. Pure pump and dump garbage.
Holding until 5 Dollars, then skimming off 25%. The rest will be a long term hold. I will wait until the next big dip to buy back in. I think if we can buy this below 2$ it is an excellent buy. I got in at 77 cents.
Hey everyone hoping someone here can help me, so I transferred some ethereum from coinbase to bleutrade and coinbase says the transaction has been completed but the ethereum has yet to show up in bleutrade?! It's been about 24 Hours now I am not sure what to do, please help if possible!
rubbertaco Could just be slow because of high volume of users. Eth usually doesn't take as long as Btc, but could still be pending. I waited over a day a couple of times. If u are still waiting today u could contact support.
Bob Meiroff It is always recommended to keep most of your crypto in cold storage or at least have a wallet that stores your private keys :) binance is a good exchange, use it but do not keep more in there than you wish to trade :) I bought quite a lot of Electroneum on cryptopia a while back and at the same time moved them out to my etn wallet/app and on to a paper wallet. I also have a ledger and a tablet only for crypto use :) go for privacy coins like Monero, Electroneum and verge and soon Tokenpay ... the entire reason for privacy coins is to avoid the theft called taxation :) Happy trading and peace :)
Bob Meiroff They just went and did their mafia thing "taxation" ... its to be expected, the modern version of slavery "govern-ment" is not going down without showing some teeth. But yeah at some point they will ban it when they figure out the potential for freedom that crypto holds (or rather when ordinary people figure it out).
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