all ledger wallets (blue...nano s...etc are supposed to receive ripple support either 5/22 or 6/22)
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
all ledger wallets (blue...nano s...etc are supposed to receive ripple support either 5/22 or 6/22)
No that's not correct. I buy all my xrp from Gatehub the prices seem to be lower than polo at all times. So don't sell anything on gatehub . Also Btc is lower there too. They charge a $15 flat fee when you wire money to that account. They don't have as many features as the other exchanges but remember its primarily a ripple exchange.
SO IN SHORT EVERYONE BUY YOUR RIPPLE ON GATEHUB BECAUSE ITS CHEAPER!!!!
The network seems slow today however I think the word done got out bout the cheap prices.
Do they take debit/cc???
I was so salty about my "low" balance I didn't stop to think if it's cheaper I should buy here
Im trying to setup a Gatehub account now. Site is buggy as shit can even add in my info. Anyone having issues buying bitcoin through coinbase today? I tried to do an instant transfer and nothing happened after i bought the bitcoin. Shit isn't showing up in my account. Trying to cop some quick ripple
That's the issue with Gatehub. It seems as though they tried to position themselves as the best place to get ripple, they even give you 20 xrp for opening an account(used to be 50). They don't have all the features of the other exchanges and only list few currencies that can be traded.
NO CC PAYMENTS ACCEPTED AT THIS TIME
Btc, Etc, Eth, Xrp transfers along with usd from a bank account ($15 flat fee but since once you deposit more than a $1000 that's a great price). The major issue is the fucking $40 flat fee Chase charges to wire money. FYI Chase charges $50 if you go into the bank, but its discounted online. Also the Chase mobile app seems to have issues with wiring money so you need to use the desktop version. Also, because Gatehub is in the UK but the bank they use is in Slovenia it set off fraud alert and one of my wire transfers was canceled so I had to go to the bank and tell them that I will be sending more to this account in the future and the took the freeze off.
The gatehub site is easy to use because you can't do much. I went there because it has a wallet vs keeping money on the exchange. You can set up private wallets as well but they will NOT let you use those to trade. You MUST set up a ripple wallet to trade with. They are going to be the ripple kings at some point.
Most of yall already have xrp or other coins so you good to go just transfer over.
GET THE CHEAP RIPPLE ON GATEHUB
NO CC PAYMENTS ACCEPTED AT THIS TIME
Btc, Etc, Eth, Xrp transfers along with usd from a bank account ($15 flat fee but since once you deposit more than a $1000 that's a great price). The major issue is the fucking $40 flat fee Chase charges to wire money. FYI Chase charges $50 if you go into the bank, but its discounted online. Also the Chase mobile app seems to have issues with wiring money so you need to use the desktop version. Also, because Gatehub is in the UK but the bank they use is in Slovenia it set off fraud alert and one of my wire transfers was canceled so I had to go to the bank and tell them that I will be sending more to this account in the future and the took the freeze off.
The gatehub site is easy to use because you can't do much. I went there because it has a wallet vs keeping money on the exchange. You can set up private wallets as well but they will NOT let you use those to trade. You MUST set up a ripple wallet to trade with. They are going to be the ripple kings at some point.
Most of yall already have xrp or other coins so you good to go just transfer over.
GET THE CHEAP RIPPLE ON GATEHUB
Do I have to verify the wallet first before I'm able to buy. Because I'm not seeing a method of purchasing XRP
Can you buy xrp directly from bittrex with a CC or do you have to buy bitcoin from somewhere like coinbase and transfer to bittrex? Problem with coinbase is waiting for funds from bank to clear and they are playing with the limit on my CC.
The whole reason I got Gatehub was because of the wallet but waking up and seeing ripple go so high then look at what it would be in USD had me feeling some type of way. I think I'm gonna send BTC to them JUST to buy ripple until they catch on and Jack up the price.
$500 a week on coinbase with CC.. I can buy $10,000 but only with bank wire from CB
I'm waiting to get verified on Bitstamp.
Atm.. But it's more expensive
its at .30after it hit $0.06 I've noticed a slight pattern...w/ "milestone" numbers ending in 6 or 0...it might push a little past $0.26 then it'll drop for a while before it climbs back up and solidifies itself @ $0.26 then the next milestone will be $0.30 where it'll climb a little past that then come down a bit before solidifying itself @ $0.30
$0.06
$0.10
$0.16
$0.20
$0.26
next shelf at .36?!??
The wire takes so long that you might not get it for what you were trying by the time it is transferred
Fund your PayPal account and then purchase. Coinbase takes paypal. Not sure about the others
Did you try coinmama? The BTC purchase is instant from your CC.
Hot Off the PRESS
http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/
Ripple Pledges to Lock Up $14 Billion in XRP Cryptocurrency
Distributed financial technology firm Ripple is on the verge of locking up billions of dollars worth of its native XRP cryptocurrency inside dozens of smart contracts designed to hold value in escrow until a certain time, or certain conditions are met.
The move to voluntarily freeze its own assets in escrow contracts is designed to combat fears that Ripple might flood its booming market with some of the $16bn worth of cryptocurrency it currently stores and that resulted from holding large amounts of its own currency that hasn't been made available to the public.
Specifically, the San Francisco firm has promised to lock-up 88% of those funds, or about $14bn worth, in a series of smart contracts that briefly make $1bn worth of funds available each month for a period of at least four-and-a-half years.
Revealed today exclusively to CoinDesk, Ripple hopes the self-inflicted freezing of funds will give XRP owners and aspiring owners a sense of certainty that the market will not suddenly be flooded with the currency, potentially lowering the price.
While Ripple CEO Brad Garlinghouse argued in interview with CoinDesk that flooding the market would be irrational, and go against his firm's own self-interest, he added that it was time to move the tokens to the smart contracts and remove the element of trust altogether.
Garlinghouse said:
"We want to make sure that the Ripple Consensus Ledger is the most robust, and that XRP is the most liquid, and I think this is a very positive step towards that."
Currently, Ripple’s market cap is listed on most tracking sites as about $11bn, based on 38.3bn XRP in circulation. But unlike other cryptocurrencies including bitcoin and ethereum, not all the cryptocurrency is in circulation.
In fact, according to Ripple’s own numbers the company owns almost twice the amount in circulation, or 61bn XRP.
A sense of security
To help give potential future XRP owners certainty that the market won't be flooded with this trove of cryptocurrecy, Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.
As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit.
Historically, Garlinghouse said funds have been spent at a rate of about 300m XRP per month for the past 18 months to incentivize market makers to offer tighter spreads for payments, and other methods he describes as Ripple being "good stewards" of the nascent XRP economy.
For example, he says funds have also been sold to institutional investors to help raise additional capital above the $93m already raised to help pay for engineers that oversee the open-source code base. Then, at the end of the month whatever XRP is unused will be added to the end of the escrow queue in the form of an additional month-long contract, starting the process all over.
A specific time-frame to implementation has not been revealed, but Garlinghouse expects the process to be completed by the end of this year. Head of research at Ripple investor Blockchain Capital, Stuart Bogart, said that if the contracts are safely implemented they could positively impact XRP user perception.
"The fact that Ripple owns the majority of outstanding XRP and could potentially flood the market with supply has historically discouraged investors from evaluating XRP any further," he told CoinDesk. "Properly implemented cryptographic escrow with sufficiently limited supply would go a long way toward alleviating that particular fear."
Blockchain Capital does not currently have a stake in XRP, he said, but does own equity in the company.
More than speculation
Collectively, the total number of XRP in existence is worth about the same as the entire bitcoin market cap, elevating the stakes far beyond just cryptocurrency speculation in its own right.
In addition to the cryptocurrency's explosive growth over the past few months, the company that wants to make it easier for banks to send each other cross-border payments has continued to grow the number of its partners.
With the help of Germany’s former Minster of Defense who is an advisor to Ripple, the firm recently added 10 new financial firms to its network and completed a pilot with 47 global banks.
While Garlinghouse said the banks weren't among the XRP owners concerned about Ripple flooding the market with currency, he does believe that the more stable sense among open-source developers of liquidity being released into the wild could result in increased activity among the community.
In the end, the result could in fact trickle down to the banks as the end users, he said. The increased liquidity being created by the cryptocurrency safely entering the market could in turn make it easier for a larger number of banks to conduct transactions without negatively impacting the price of doing so.
Garlinghouse concluded:
"I think increasingly, the market has realized that if we have a bank using us for messaging and settlements, there’s an opportunity to also introduce them to how they can lower their liquidity costs by leveraging a liquidity solution enabled through XRP."
http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/
Ripple Pledges to Lock Up $14 Billion in XRP Cryptocurrency
Distributed financial technology firm Ripple is on the verge of locking up billions of dollars worth of its native XRP cryptocurrency inside dozens of smart contracts designed to hold value in escrow until a certain time, or certain conditions are met.
The move to voluntarily freeze its own assets in escrow contracts is designed to combat fears that Ripple might flood its booming market with some of the $16bn worth of cryptocurrency it currently stores and that resulted from holding large amounts of its own currency that hasn't been made available to the public.
Specifically, the San Francisco firm has promised to lock-up 88% of those funds, or about $14bn worth, in a series of smart contracts that briefly make $1bn worth of funds available each month for a period of at least four-and-a-half years.
Revealed today exclusively to CoinDesk, Ripple hopes the self-inflicted freezing of funds will give XRP owners and aspiring owners a sense of certainty that the market will not suddenly be flooded with the currency, potentially lowering the price.
While Ripple CEO Brad Garlinghouse argued in interview with CoinDesk that flooding the market would be irrational, and go against his firm's own self-interest, he added that it was time to move the tokens to the smart contracts and remove the element of trust altogether.
Garlinghouse said:
"We want to make sure that the Ripple Consensus Ledger is the most robust, and that XRP is the most liquid, and I think this is a very positive step towards that."
Currently, Ripple’s market cap is listed on most tracking sites as about $11bn, based on 38.3bn XRP in circulation. But unlike other cryptocurrencies including bitcoin and ethereum, not all the cryptocurrency is in circulation.
In fact, according to Ripple’s own numbers the company owns almost twice the amount in circulation, or 61bn XRP.
A sense of security
To help give potential future XRP owners certainty that the market won't be flooded with this trove of cryptocurrecy, Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.
As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit.
Historically, Garlinghouse said funds have been spent at a rate of about 300m XRP per month for the past 18 months to incentivize market makers to offer tighter spreads for payments, and other methods he describes as Ripple being "good stewards" of the nascent XRP economy.
For example, he says funds have also been sold to institutional investors to help raise additional capital above the $93m already raised to help pay for engineers that oversee the open-source code base. Then, at the end of the month whatever XRP is unused will be added to the end of the escrow queue in the form of an additional month-long contract, starting the process all over.
A specific time-frame to implementation has not been revealed, but Garlinghouse expects the process to be completed by the end of this year. Head of research at Ripple investor Blockchain Capital, Stuart Bogart, said that if the contracts are safely implemented they could positively impact XRP user perception.
"The fact that Ripple owns the majority of outstanding XRP and could potentially flood the market with supply has historically discouraged investors from evaluating XRP any further," he told CoinDesk. "Properly implemented cryptographic escrow with sufficiently limited supply would go a long way toward alleviating that particular fear."
Blockchain Capital does not currently have a stake in XRP, he said, but does own equity in the company.
More than speculation
Collectively, the total number of XRP in existence is worth about the same as the entire bitcoin market cap, elevating the stakes far beyond just cryptocurrency speculation in its own right.
In addition to the cryptocurrency's explosive growth over the past few months, the company that wants to make it easier for banks to send each other cross-border payments has continued to grow the number of its partners.
With the help of Germany’s former Minster of Defense who is an advisor to Ripple, the firm recently added 10 new financial firms to its network and completed a pilot with 47 global banks.
While Garlinghouse said the banks weren't among the XRP owners concerned about Ripple flooding the market with currency, he does believe that the more stable sense among open-source developers of liquidity being released into the wild could result in increased activity among the community.
In the end, the result could in fact trickle down to the banks as the end users, he said. The increased liquidity being created by the cryptocurrency safely entering the market could in turn make it easier for a larger number of banks to conduct transactions without negatively impacting the price of doing so.
Garlinghouse concluded:
"I think increasingly, the market has realized that if we have a bank using us for messaging and settlements, there’s an opportunity to also introduce them to how they can lower their liquidity costs by leveraging a liquidity solution enabled through XRP."
Oh yeah baby!!
Polo Under ANOTHER DDOS Attack - SMH
Man I'm glad I pulled off pretty much all my XRP off there
Alot of people i've been helping has been getting held up with Bitstamp. My current advice is to just sign up with Poloniex,buy XRP, then transfer it to Bitstamp after they are finally verified. I told a group of people a few days ago when it was 17 cents and they could have doubled their money in the time it took Bitstamp to verify them,.
Hmm the Crypto gurus on Twitter are dumping Ripple...most are cynical about the announcement and think its bound to crash...
That doesn't make any sense to me but these guys have been on the money with numerous trades.
The only one saying to keep the course is the OG Cryptopicasso
Thoughts?
That doesn't make any sense to me but these guys have been on the money with numerous trades.
The only one saying to keep the course is the OG Cryptopicasso
Thoughts?
How long have these guys been buying ripple? They might have bought in when it was like 0.0006 cents and are probably just like fuck it let me take my 6 figures or millions and bounce.
I don't know it doesn't make sense. Even if I had a million Ripple if the scarcity is real and pushes the price up, why not ride it to the top?
Its not like they have any inside info I'm just curious why this is seen as a negative?
I just bought some more at $.29 so fuck what they saying but this is curious...
Don't care what none of them guys say. I've heard a few of them doubt ripple more than once in which I've made gains. I'm not selling anytime soon. When I hit a mill I'll consider it. outside of that, it's gonna sit through the storm. I have already withdrawn my investment. Everything in it right now for me is profit, and my profit is sitting at a nice $33k.
Markets are just supply and demand. You have lots of demand from traders + banks with them opening up to new markets. Ripple just artificially restricted the supply. I don't understand how that equates to a massive dump unless a group of whales all simultaneously decide to dump.
Anybody been on Gatehub lately? Did they get with the program or they still got XRP for the low
I agree, which is why I don't get the negative sentiment from self purported day traders who are very good at what they do and make a lot of money.
I've made thousands fucking with their analysis, so it comes as a surprise. It won't change my approach and I agree I don't see a massive sell off happening.
right seems agenda based
and they could just be fucking lying lol that is always a possibility
get you to sell so they can buy up what you're selling and be rich as fuck.
Maybe they see something we don't. I don't trade cryptos daily so I don't have the expertise to defend it. Just on the surface and what I'm reading about ripple, it doesn't make sense that the bottom is about to fall about... maybe a slight correct at best.
So when is this sell off suppose to be happening? And will this effect Stellar???
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