To me the question isn't whether it will sky rocket, it's how much is if it's worth losing out to other coins sky rockets. how well does it need to make up for that?
Ok Vincent did his homework here. I believe Ripple is here to stay but XRP will not grow in value unless banks adopt it. Any major banks won't have to because they'll just create their own. There's really no need for XRP right now. The only way XRP can grow is if more banks adopt it but the transactions have to be in the millions daily for XRP to increase in value because of the burn rate.
The lock up was only a sign of good faith from Ripple. This is to show that they won't just systematically dump it in the markets crashing the coin, manipulating the market with it. If the banks use XRP it doesn't matter what price it is in the market because they will get be allotted a sum from Ripple. There's no incentive for XRP to even grow here.
Giselle H, I understand that you're a believer but it's also part of that hot air Vincent was stating. Not saying the company won't be anything, but right now it's in an uphill battle without a ton of appreciation from banks. Yes it's a unique coin and a great system, but it's also a few years late.
He doesn't explain the lock up to well. But it will really have no good to great impact on XRP. Many just bring it down a bit like it already has.
I am holding on my XRP for a long term investment.
If the adoption by big banks increases, it might skyrocket once again.
Thank you for posting!
Eso es lo que yo también espero
To me the question isn't whether it will sky rocket, it's how much is if it's worth losing out to other coins sky rockets. how well does it need to make up for that?
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STOPUpvoted. I'll be resteeming this now :]
Thanks, i followed you
Ok Vincent did his homework here. I believe Ripple is here to stay but XRP will not grow in value unless banks adopt it. Any major banks won't have to because they'll just create their own. There's really no need for XRP right now. The only way XRP can grow is if more banks adopt it but the transactions have to be in the millions daily for XRP to increase in value because of the burn rate.
The lock up was only a sign of good faith from Ripple. This is to show that they won't just systematically dump it in the markets crashing the coin, manipulating the market with it. If the banks use XRP it doesn't matter what price it is in the market because they will get be allotted a sum from Ripple. There's no incentive for XRP to even grow here.
Giselle H, I understand that you're a believer but it's also part of that hot air Vincent was stating. Not saying the company won't be anything, but right now it's in an uphill battle without a ton of appreciation from banks. Yes it's a unique coin and a great system, but it's also a few years late.
He doesn't explain the lock up to well. But it will really have no good to great impact on XRP. Many just bring it down a bit like it already has.
Making me doubt buying though.