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.
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.
I remember Ripple. It was tastier than Night Train.
It’s not crypto and it’s not currency.
Ripple is controlled opposition.
I went heavy into Ripple 3 months ago at 25 cents a coin. Right now it is $2.80 a coin.
I’m doing OK. I expect $10.00 a coin by end of Feb, maybe sooner.
BUMP....
“Banksta Coin” exact opposite of what crypto is all about (sound decentralized money). Invented by banks to facilitate inter-bank transfers...the majority of XRP is controlled by the banks that are now getting richer! (100 billion supply of XRP...banks are sitting on 60 billion of them and smiling).
It might not be a bad idea to have $100 or more in each of them.