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I cry hype. You can buy ripple on bitstamp, but not sell. What's the point of that? I received 2000XRP from an early adopter but have no idea how to cash the

by yebyen 14y ago

I cry hype. You can buy ripple on bitstamp, but not sell. What's the point of that? I received 2000XRP from an early adopter but have no idea how to cash them out or what a "trusted gateway" is. Can anyone explain how you are supposed to use this? (edit: started reading this https://ripple.com/working-with-ripple/ https://ripple.com/working-with-ripple/) From what I'm reading, the prices are incredibly misleading. People are buying ripples at the high price quoted in the article, but outstanding bid orders are generally 10x lower. I get that it's a barter/IOU system, but I don't know how you justify that people can start with any amount of ripples they want just because they were there first. Where are they traded? How can I get rid of mine? Am I looking at it backwards?

yebyen 14y ago
I found this thread: http://www.thebitcointrader.com/2013/05/ripple-is-now-tsunami.html?showComment=1368083492272#c9049090278492728111 http://www.thebitcointrader.com/2013/05/ripple-is-now-tsunam... Going to try what was suggested, but it looks like 'surely OP will deliver' to me.
- yebyen 14y ago
  I bought USD$2 with some of my ripples. I was indeed looking at it backwards. Lower prices are better, if you have a lot of ripples, because it's the price of USD/XRP. (Not the price of XRP/USD). But now I have $2USD in my Ripple account, and it's just like the imaginary numbers in my bank ledger, without any insurance or other representation. And no obvious way to get it out. [Edit: I figured it out.]