Ripple is a scam. Get out of it as soon as you can. It is not a crypto. It is just an exchange token. It is centralized and no different from today's banking.
Ripple is trash in my opinion. It's supply controlled. It's price isn't realistically tied to it's market cap. That's how it got so hot so quick; most of those coins are deliberately kept off the market while money chases a relatively small supply.
That's my point. This coin XRP is NOT tied to its market cap because the supply of the coins are controlled by its creators which means the price of the coin is essentially controlled. And as ramanblindlish has stated, the coin is a token and not a true crypto currency. It was probably created as a worm into the industry by bankers and corporate interests to control capital. "Stay close to your friends but closer to your enemies". Bankers and corporations know they have to either fight this or join it.
Over the last few days there has been a major shakeup with regards to the top coins. It was only a few days ago that Ripple surpassed Ethereum for the number 2 spot. Ethereum roared back and ripple is probable going to go below Bitcoincash soon imo. Watching trends is key to seeing the future. Ripple over the last month or so was a classic pump and dump. Coins with actual tangible value will always win in the end.
Ripple is a scam. Get out of it as soon as you can. It is not a crypto. It is just an exchange token. It is centralized and no different from today's banking.
You may be right but why so many people are into it ?
Ripple is trash in my opinion. It's supply controlled. It's price isn't realistically tied to it's market cap. That's how it got so hot so quick; most of those coins are deliberately kept off the market while money chases a relatively small supply.
Most of crypto is tied to it's market cap
That's my point. This coin XRP is NOT tied to its market cap because the supply of the coins are controlled by its creators which means the price of the coin is essentially controlled. And as ramanblindlish has stated, the coin is a token and not a true crypto currency. It was probably created as a worm into the industry by bankers and corporate interests to control capital. "Stay close to your friends but closer to your enemies". Bankers and corporations know they have to either fight this or join it.
True
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Over the last few days there has been a major shakeup with regards to the top coins. It was only a few days ago that Ripple surpassed Ethereum for the number 2 spot. Ethereum roared back and ripple is probable going to go below Bitcoincash soon imo. Watching trends is key to seeing the future. Ripple over the last month or so was a classic pump and dump. Coins with actual tangible value will always win in the end.
Let s wait and see :)