there are also many other issues associated with ripple which I find uncomfortable.. check this article if you have some spare time and let me know your thoughts on this:
https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/
there are also many other issues associated with ripple which I find uncomfortable.. check this article if you have some spare time and let me know your thoughts on this:
https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/
This is only good news. They want a currency that is not as volatile as the bitcoin. So Instead of releasing billions of xrp in one go and flood the market,they have spread this over a couple of years. Theya re planning to pump 1 billion each month into the market. Which assures you that the price will go up every month.
The 31st of January 2018 they are starting the first test with ripple payments between banks. When the banks are impressed , and they will be the price will go up as well.
Ripple is a long time investment that I consider to be the strongest coin in my portfolio.
Having said that , for legal reasons I have to inform you that this is in no way financial advise and that investing into crypto is a gamble and at your own risk.
I am in no way an financial expert, I only started trading in btc and crypto's 2 months ago. But I do understand the technology behind it (I am in IT) so I can kinda make a judgement call when I read a good whitepaper.