[ADVERT]
Name Symbol Market Market Cap ($) Algorithm
Ripple XRPGBP Crypto 45,057,570,998 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.015 2.12% 0.7221 0.7129 0.7214
High Price Low Price Open Price Prev. Close 52 Week Range
0.7264 0.70541 0.709 0.7071 0.124300 - 2.00
Exchange Last Trade Size Trade Price Currency
BINA 06:25:27 71.00 0.7221 GBP
Price x Volume Volume Base Symbol Related Pairs
126,236.40 175,201.45 XRP XRPEUR XRPUSD XRPBTC

Ripple Crypto Discussion Threads

Showing 26 to 48 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
11/1/2018
15:06
https://twitter.com/AltcoinpumpInc As per my post about P&D in crypto.
al101uk
11/1/2018
15:00
Incredible, but that £500 I had is back in xrp for the ride... so much more exciting than spending months in equity ;-) Couldn't make it up.
al101uk
11/1/2018
14:32
As the saying goes " may you live in interesting times" . Today Moneygram, tomorrow, who knows..... you gotta laugh.
lrguk
11/1/2018
11:53
And some bear points for xrp specifically: Ripple is the company, xrp is the currency. Ripple is building a very promising looking business on it's blockchain technology. They have many partners in the financial world, banks and other financial institutions. They shout loudly about new customers coming on board, but in most cases it's less easy to see what the partnerships involve. The problem is that their blockchain technology does not rely on the currency and financial institutions appear happy to adopt the former and ignore the latter. This has been confirmed from the horses mouth so to speak: Https://www.youtube.com/results?search_query=first+movers+tell+all So far Ripple has not said that any major deals have been done that involve the xrp currency although they are claiming that several major deals are in the pipeline. Ripple has about two thirds of the currency held in escrow, which is to be used among other things for "marketing purposes". They are releasing a billion xrp per month and returning what is not used at the end of the month until all currency is deployed. that will increase supply from current levels to 100 billion xrp. The market cap therefore is misleading and any calculations on where xrp can go need to factor this in. xrp was not originally a major part of Ripples strategy, it was merely a token to be used for liquidity, it's only as speculation has increased the value of that token that the company have (some would say opportunistically) decided that it is worthy of their attention. xrp's advantages as a crypto currency (speed of transaction etc.) are rapidly waning as other cryptos are developed and the technology improved. xrp's Achilles Heel is it's centralised nature (it is in effect owned by Ripple) combined with the reserves that are yet to be issued. This causes a lot of distrust in some circles. Finally xrp's rise was primarily driven by Korea and according to todays news there is a potential ban of crpyto trading in that country, which wouldn't only affect xrp, but also the wider crypto space.
al101uk
11/1/2018
11:31
And just a disclaimer: I got in to crypto as a fun thing to do, I invested "play money" as a learning experience, for me that was £300. I was lucky and picked up xrp at 17c, then more at just under $1, watched the climb to $3 and the fall down to about $2.60 before I started cashing out. I went in absolutely convinced that I was buying in to a bubble, I had no illusions that what I was doing was in any way an investment. It was a game of greater fool. I've cashed out £1K and am running the remaining £500-ish for free. My short time in crypto has only re-affirmed my belief that this is one hell of a bubble and it will at some stage go bang! Not telling anyone what to do or not do, but be careful out there, it makes AIM look like a building society. There are organised groups out there pumping and dumping crypto currency in a completely unregulated environment where social media rules. Teenagers think they are experts at trading because they made money in a market that was doubling in a month. There are "experts" out there who are telling people to "never close a losing position" as it will recover and make them money. It's absolute insanity.
al101uk
11/1/2018
11:24
IG vs Crypto exchange I see the advantages of IG, but as far as I know, you're not investing in crypto, your placing a bet on the direction of travel. I prefer to hold the underlying asset. I also don't believe in leveraged products and don't want to go anywhere near them. And finally the range of crypto currencies you can "bet" on is limited on IG. There are literally hundreds of different cryptos and IG are unlikely to support the ones that could become the next big thing until they ARE the next big thing. A lot of this is assumption, so correct me if I'm wrong.
al101uk
11/1/2018
11:20
Irguk, I have just experienced "cashing out" on coinbase for the first time and you're right, it's a nightmare, at least without some detail on the process beforehand. So, the steps you have to follow are: 1) Convert your crypto to something suitable for transfer to coinbase (I use Litecoin) 2) Transfer your litecoin to coinbase. 3) Convert your currency on Coinbase to Euros, GBP is pointless as any withdrawal is converted to Euros anyway. If you end up with a GBP wallet, it's no problem as the rate appears to be the interbank rate for exchange. 4) Set up and validate a bank account that supports SEPA transfers on coinbase. Regular UK wire transfers are no longer supported. When you set up your account, you'll be asked to make a small deposit (£10 will do it) and once that is received your account will be activated and allow withdrawals. The £10 will be credited to your account in Euros, so you can immediately withdraw it once it hits your account. My deposit took 24 hours. NB: The downside of this is that the majority of banks will charge for a SEPA transaction to the tune of £10-£15, also you will be subject to the conversion of your euros (from coinbase) to gbp when it hits your bank. The pre-req of making a deposit means this is a double whammy the first time out. You can avoid much of this as I've covered below. 5) Withdraw your funds, I did this the day before yesterday and no sign of them hitting my account yet. SEPA transfers can take up to 4 working days. On the subject of minimising fees: I set up an account on Revolut, a Fintech bank account that allows you to create additional accounts in multiple currencies, I love it. It has several advantages, it's quick to setup, the exchange rate is the same as the interbank rate, exchanges are commission free and it allowed free SEPA transfers. So your fees for withdrawal basically boil down to (from an xrp perspective): Transferring from XRP to Litecoin on the exchange, 0.15 to 0.25%. Transferring from Litecoin to Euros on Coinbase, I believe there is a 1% fee and the exchange rate isn't the best. A small fee (a few pence for £1K, don't know how it's calculated) from coinbase for the withdrawal. That should be it! To get Revolut, you can hit the website (hxxps://www.revolut.com/?lang=en) or download the app from the play store. They have a crypto exchange in beta at the moment, but from what I've heard it's limited, expensive and does not allow crypto transfers to other exchanges.
al101uk
11/1/2018
10:15
I think IG is worth a punt, you can leave a limit order to buy, if you think XRP is worth buying at say 1.50 then leave a buy order, at £5 a point that gives you £500 for every dollar rise, if you set you stop to exit at 0.20 then you lose £450.00, ( -130 pips@£5 ) if it goes to 10.00 then you are looking at 8,500 pips @ £5 a pip, no risk, no scammers.You can also leave a limit sell, leave it running and get a life. What's not to like.
lrguk
11/1/2018
10:03
al101uk, many thanks for that, informative and useful. I still worry about actually getting "paid out". Was a stressful wait to actually receive funds after cashing in on bitcoin, seeing the comments on many review sites was I just lucky? As XRP is now tradeable on IG, a sizable position is possible, with limit setting and confidence in the platform, you can in effect take a position that reverts back to total loss without requiring a huge margin requirement. Take a position, set your stop and forget it, if it goes on happy days, at least you can take your profit tax free and quickly and hassle free.
lrguk
11/1/2018
07:20
Also just remember SB on IG is not officially buying them you are just betting for it to go up or down.Also it came to mind that maybe it is down £200 as the price has dropped over the last few days.Best bet is to buy a Ledger Nano or a wallet and transfer you XRP or coins into that for safe keeping and then you definetly know they are there and yours to actually keep hold off.I managed to complete my trades yesterday learning a lot during the bumpy journey
adealsiddiq110
11/1/2018
07:16
I don't really spreadbrt with these things as they are tooo volatile.Are you doing this on the PC or mobile phone? As you should be able to click on the short bet and it says close position which then automatically closes the position. It should not have really allowed you to open a short when you had long positions, what it would have done is decrease you Long poisition. Feel free to put you break down of reach position and il try to help best I can or maybe there might be some with more knowledge to help aswell.
adealsiddiq110
10/1/2018
22:50
Adealsiddiq110, I would be grateful for a bit of help here,i recently bought xrp through IG index had 3 trades opened 2 were at 50pence a pip and one at £1.00 a pip,initially i was making a profit of £50.00 I am now showing a loss of £200,unfortunately IG does not allow clients to go long anymore but you can close long positions,however if you open a short position you cannot close the short position as in order to close the short position you have to place a corresponding long position.I am planning to keep the long positions opened.Your comments will be greatly appreciated.
fernandesb
10/1/2018
22:05
Use coinbase to cash out as their process is quite simple.Did a few small trades to see how it works etc and was quite good
adealsiddiq110
10/1/2018
22:05
I'm in bought some XRP and LTC
adealsiddiq110
09/1/2018
20:55
Managed to attach my card but now they have reduced my limit to £50, honestly 1 thing after another.All I want to do is buy some crypto and tuck it away for a while
adealsiddiq110
09/1/2018
17:31
I agree, I'm just using coinbase to buy ETH to transfer to Binance to buy XRP and then il wait for my Bitstamp to verify
adealsiddiq110
09/1/2018
17:22
Adealsiddiq, the biggest thing that worries me about this is trying to cash out.. let alone add funds. If you look at trustpilot reviews it's shocking.. not trying to put a downer on this opportunity but I'd like a fool proof way of entering and exiting with any gains.. then take my chance.. at the moment I can't enter through coinbase and if you believe all the stuff written about them you'll be lucky to get cash out.. I'm going to do some more research as people are getting stuffed left right and center with this crypto.. Has anyone managed to get cash back out into a UK account with first hand experience easily?
wictod369
09/1/2018
17:05
Yeah cheers will do,, there's a whole bunch of issues with coinbase if you google.. use the tools / date / and then recent date (last week) to weed out the old posts. Looks like they can't cope with users.. same with a lot of other exchanges...too many new users for them?
wictod369
09/1/2018
16:57
Well mine comes up with a message saying exceeded attempts to add a card. Hopefully the rectify it fast.Will keep you posted if you could do the same that would be great
adealsiddiq110
09/1/2018
16:50
I just tried to add mine and it won't let me add in all the numbers? gets the first 3 groups of 4 numbers then goes wonky.. Is that what you're getting? I can only assume it's some way of restricting entry until they're ready.. not sure
wictod369
09/1/2018
16:11
My coinbase is not allowing me to add my debit card to make a deposit to buy ETH, would you happen to know why this is? Or what I can do?
adealsiddiq110
09/1/2018
12:48
you need to find a 15 year kid :) they all know how to do it.. I'm more concerned with understanding how to cash out properly if I make some gains. Just got my nano 30 minutes ago so will have a look today..
wictod369
09/1/2018
11:54
Agreed, it has also helped me out too otherwise I would be facing a loss.I can't see it dipping below the £1.50 mark so happy to invest once all varified.Luckily I have my ledger Nano but still figuring it out as I put an XRP address on a forum which didn't work (not sure what I did wrong) to see if someone can donate 1XRP or somthing to make sure it works and I got called a Spammer LOL which is funny but no help was given
adealsiddiq110
Chat Pages: 4  3  2  1
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