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Thread: Ripple

  1. #13

    Default Re: Ripple

    Quote Originally Posted by badgerland View Post
    do you have a ledger or do you use their wallet?
    I buy and hold some coins on a ledger nano but trade a smaller amount on Binance.

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  3. #14

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    Default Re: Ripple

    Is there an ETF for Ripple, similar to GBTC for Bitcoin?
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

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  5. #15

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    Default Re: Ripple

    Quote Originally Posted by uscfanhawaii View Post
    Is there an ETF for Ripple, similar to GBTC for Bitcoin?
    Not to my knowledge, no. The best way to invest into Ripple from the stock side would be indirectly by purchasing the stock of the banks Ripple is doing business with. One particular entity that should do VERY well by partnering with Ripple is Western Union (WU). Why does everyone hate using WU? Because it costs a ridiculous amount of money to wire transfer money, sometimes up to 20% of what you are sending. It's just silly. Now imagine they switch from Swift or whatever they currently use to XRP and the cost on their end drops from 10% to 0.01%.... It's a no brainer, as long as it works. Hundreds of banks are, ehem, banking on Ripple. Western Union is probably the biggest one and maybe has the most profit to gain. I think I just talked myself into buying some WU.

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  7. #16

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    Default Re: Ripple

    Quote Originally Posted by gegor View Post
    I use Binance. I buy etherium or litecoin through GDAX (an affiliate of Coinbase) then transfer it to Binance.
    This is the cheapest way to move money from you bank account into Ripple if you want to go through Coinbase. Your account --> Coinbase --> GDAX --> Binance (purchase XRP here) --> wallet.

    A cheaper way, if you are comfortable with it, is using Gemini instead of Coinbase and GDAX. Gemini's fees are smaller but it can take some time to validate your account before they let you move money out. I personally use Gemini and have had no issues other than the annoying wait for validation.

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  9. #17

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    Default Re: Ripple

    I must admit, I am tempted to speculate and the sites that service the coins sure make it easy. A few things though.

    1. Tax time nightmare.
    2. I am not willing to risk 1% of my capital at this stage. 1% is really the minimum you'd want to have here for diversification purposes. I have no need for excitement by placing trifling bets on a digital currency.
    3. What if it goes down?

    If I was speculating here though, I'd choose this XRP because speculators love "low prices". Instead of saying, "if it goes up 100%, I double my money," they'll say, "if it's only a penny it only needs to up a penny and I double my money."

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  11. #18

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    Default Re: Ripple

    I like to use the site below to check out all the different cryptos. A lot of them have been ripping to the upside lately, Ripple certainly included.

    https://coinmarketcap.com/


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