Posted on 01/04/2018 8:38:25 AM PST by Enlightened1
The entities pumping Ripple have unlimited funds.
They can print money at will.
They can push the XRP market cap to 100 trillion if they want.
This is what Bitcoin is up against.
And you can’t buy the damn thing ANYWHERE
I think this shows a pent-up demand for financial privacy.
For a minute there, I thought that this thread was bout fortified wine.
Perhaps this Bitcoin thing resulted from our successful efforts to disrupt the international hawala system.
It is the anti-crypto currency, the bank product.
When I don’t understand something, I am not going to invest in it.
Land, home, and property are simple. Gold is simple. Savings certificates are simple. Stock market and mutual funds, less so but still understandable. All are referred to in the common language of the dollar.
What the heck is bit coin? Where is the held value/equity in bit coin? I cant hold it, eat it, shoot it, or fill my cars gas tank with it. The whole thing could go away tomorrow and what assurance does any investor have that their investment is not subject to Ponzi scheme theft?
These are genuine questions, not criticisms, so feel free to answer. My gut tells me this is a scheme, like a small dot com going public and then going bust, and someone is making a fortune off it, just not the investor.
Tipple a Ripple...it’ll make ya a cripple...
I remember Ripple. It was tastier than Night Train.
It’s not crypto and it’s not currency.
Yep and can’t wait for the battle.
My son bought Ripple XRP a couple of weeks ago. He asked for a $1,000 loan from me to go with his stake. That investment is now worth over $4,000.
Have you heard? What’s the word? It’s Thunderbird!
And Boones Farm was just too weak. :)
I certainly have my doubts about the concept of crytocurrency but at this point I think it is wise to do a little hedging. I own a little and intend to increase my exposure to about 3-4% of my portfolio.
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