For a while I was big on ripple and invested most of my money into it but luckily I sold it all at $2.21 and I don’t think I will ever buy it again. It’s a useless centralized coin which will never go up a lot cause the creators would become trillionaires and I doubt that will ever happen.
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Good Sell and move on. In the meantime, the rest of us will continue to BUY up as much XRP as possible. Because? Well, real partnerships, real world use case, very undervalued, real time transactions and very cheap. This thing is heading up.
same here :) i sold most at 2.81 dollar new crypto holders think this is the next bitcoin or somthing ? not realising the total supply 99,993,093,880 is to big ...just trade them on a short-term basis if u ask me
Good shit man..
exactly
You do understand that currently 54B of the coins are tied up in smart contracts that only become available one per month i.e 1B coins per month - if the company does not need them - they put them back into a new smart contract on the end of the cycle. Do you have any understandng of the proposed use of these coins ? You need to read up more (some) before posting uninformed crap like this (start with reading about Nostro/Vostro in banks)
uninformed crap ? the fact is i made good money on shorting ripple u need to get deeper in trading crypto before u attack someone else's comment
There will be bitcoin trillionaires as well....any issues with them? One bought into tech early....one vastly improved the processing part of it later. What's the issue? Spare me the entire centralized bs, give me a real reason and proof that it is centralized. Is western union utilizing financial systems or were they doing it off their own liquidity? How about moneygram? Yet again one someone that just sees what is being talked about the most and not looking into it critically.
Ripple Labs own 62 billion ripple. The total supply is 100 billion. Do the math.
Math is hard
Ripple own about 62% of the entire supply of ripple. If you subtract their debts, it's about 55% of the entire supply. The volume tops about $10B USD/24h at volume peeks, which means that Ripple can effectively get the price as low as they want.
Check out this post, if you want to know, if Ripple will be $100 or $1000 one day! Also, don't forget, that you can be easily rapped by Ripple!
I'm not a fan of xrp ,but if it were to get listed on coinbase I think it'd go to $5 easy.