Why exactly did Ripple start going up in the first place?
People bought and sold at increasing prices. There was a "demand".
Ripple Slides After Coinbase Says Not Adding New Crypto Coins
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Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#22Why is this on the front page at all? Coinbase has made zero claims about Ripple. The price cannot go up all the time, so a tiny correction is not only normal, but expected.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#23The crazy part is how much XRP is concentrated in the company and its founders: > XRP, being issued by a company, is less decentralized than many other cryptocurrencies. For instance, Ripple itself holds 61.3 billion XRP, including 55 billion that it keeps in escrow. Only 38.7 billion XRP tokens have been distributed. > Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executi…
The crazy part is that Ripple is really a total nonsense cryptocurrency it's centralized it as counterparty risk and if any time in the future Banks decide to use it, they will use the tech, not the coin, it's pure madness a lot of people will lose their investment, Ripple it's the "Pet.com" of the cryptocurrency bubble.
And btw the founder that as 17% stake is really a con artist.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#24Meanwhile Coinbase CEO Brian Armstrong said there are many more that will be added to the platform in 2018, not even a month ago. https://youtu.be/lKviUIeGlgw?t=1m11s
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#25The crazy part is how much XRP is concentrated in the company and its founders: > XRP, being issued by a company, is less decentralized than many other cryptocurrencies. For instance, Ripple itself holds 61.3 billion XRP, including 55 billion that it keeps in escrow. Only 38.7 billion XRP tokens have been distributed. > Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executi…
The crazy part is that Ripple is really a total nonsense cryptocurrency it's centralized it as counterparty risk and if any time in the future Banks decide to use it, they will use the tech, not the coin, it's pure madness a lot of people will lose their investment, Ripple it's the "Pet.com" of the cryptocurrency bubble. And btw the founder that as 17% stake is really a con artist.
I am always wondering about people saying this.
XRP is counterparty-free
I have studied their consensus protocol and it is indeed decentralized.
We are planning to use some of the ideas from it in our network.
As for founders having 20% of a startup company, that's common. Look at Mark Zuckerberg for instance. Why does that make them con artists?
Bitcoin whales and Satoshi control 40% of bitcoins while over 99% of the MONEY contributed its market cap came from regular buyerd who came just recently.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#26Coinbase shouldn't dictate the market. It is the other way around. And sooner or later I hope they will be forced to add it. Having an argument "Our mission is to create an open financial system for the world" and accepting >only< decentralised cryptos sounds like an oxymoron to me.
In the same way that I'm not forced to invest in XRP or support Ripple, Coinbase has the right to support whatever projects it wants to support. Ripple's project is dangerous to the fundamental mission initiated by Satoshi Nakamoto. They didn't need to elbow into this space and poison the well if all they wanted to do was compete with SWIFT.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#27After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.
I had to get my bank involved with a purchasing issue from Coinbase. They declared the charges as fraudulent since I couldn't get a response from anyone at Coinbase. This was back in early 2016 before the recent crypto madness too...
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#28Why exactly did Ripple start going up in the first place?
Bitcoin stopped going up so people started looking where to park their value. Ripple was next, followed by Lumens. And followed by smaller cap ICOs like TXR.
I would say that the best strategy is lookfor smaller market cap ICOs run by a team that is WELL CONNECTED. The better connected the tram the more chance the coin will explode several times as articles come out about new initiatives.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#29After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.
Not that you should have to, but buying on GDAX usually solves any of these problems. Also no transaction fee that way if you don't take the market offers and make your own.
Re: Ripple Slides After Coinbase Says Not Adding New Crypto Coins
#30Earlier quoted context omitted.
The crazy part is that Ripple is really a total nonsense cryptocurrency it's centralized it as counterparty risk and if any time in the future Banks decide to use it, they will use the tech, not the coin, it's pure madness a lot of people will lose their investment, Ripple it's the "Pet.com" of the cryptocurrency bubble. And btw the founder that as 17% stake is really a con artist.
I am always wondering about people saying this. XRP is counterparty-free I have studied their consensus protocol and it is indeed decentralized. We are planning to use some of the ideas from it in our network. As for founders having 20% of a startup company, that's common. Look at Mark Zuckerberg for instance. Why does that make them con artists? Bitcoin whales and Satoshi control 40% of bitcoins while over 99% of th…
From someone with more authority than myself :)
https://youtu.be/t66HFQDnezk?t=980