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RE: RIPPLE (XRP): Don't Confuse the Trees for the Forest!! Target $4.11!!!
New investors will definitely want to buy a XRP $1.9 /coin compare to BTC now at $14789, no brainer for investment. Low investment to jump in.
I hope $ to XRP conversion is coming soon, to save us fees from $ to BTC to XRP.
Cheers,
@Yehey
Don't look at the price of the coin as its value. This is a common mistake. Everyone wants to buy what is cheapest and would rather buy something for $1 than something for $1,000, but it's incorrect thinking. You have to look at the number of shares or coins X the current price to see it's market value. Anyone can simply change the number of shares by doing a split, let's say a 10 to 1 split, and the result for a $1,000 stock would be $1,000/10 = $100 per share, but you also have 10X the number of shares. So if you originally had 1,000,000 shares you now have 10,000,000 shares. The The company's value is the same if both cases. So my point is you can't compare BTC to XRP in terms of it's coin price. That has no meaning.
The problem is, dumb money people don't do this.
Now with Ripple it will be a fight between such dumb money and the companies who really control the value of Ripple. Guess who has the upper hand.
Right, indeed a common mistake. Look at market cap, current supply and max supply.
You can already purchase XRP against USD / EUR on Kraken, for your information.
True!
The price of the coin is irrelevant - if they go up the same percentage you make the same amount of profit. How many coins means nothing only percentage increase or decrease.
From my perspective I won't consider it as a legit investment...maybe for speculation yes!
But it's a centralized digital IOU that there's potential flaw of double spending!
You may not consider it a legit investment, but you have to admit, its a great medium term trade.
Sure, but personally I rather not contribute to something until I clearly understand it one way or the other.
Problem is there is little chance straight matically that XRP can go much over $10 (that begins to push it). On top of that the owners of Ripple can always just put more XRP in the market whenever they want. They have many many billions in "lockdown".
A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,
Ripple Network Effect - Small & Weak , No one has Ripple wallets.
Decentralisation - None. Large ownership of coins are with the founders.
Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
More to come on this, just curious on your responses to points 1-4