Good luck making the CEO and those who own 66% of all the XRP rich.
who own 66% of XRP?
If you do really believe in crypto and want to capitalize gains on XRP, please use fiat in buying such and keep your precious BTC and ETH from the bankers. Have a great day!
can you explian why? I don't really understand the difference between buy with FIAT and BTC/ETH ~
Did you know the Ripple company has the large majority of all XRP in circulation? Which means that a $2 XRP implies XRP being the #1 Cryptocurrency in the world based on Market Cap (ahead of Bitcoin).
That's obviously ridiculous, and the only reason XRP price went up was due to taking XRP out of circulation. The partnerships are just rumors until we actually see something being used.
so basically, since the CEO owns most of the XRP, you are making him rich when he can decide to dump a ton of it on the market (as it gradually gets released from escrow).
That's the reason I will never trust XRP - not until the 60+ billion XRPs gets released onto the public. Until then, XRP is only a pump+dump coin - ride it up, and then sell it off.
1. Ripple has more partnerships with trillion dollar financial sectors than any other coin that I know of. These partnerships are not rumours but fact and with XRp they are closer to a working 'ripple is standard' platform than any other platform currently available.
2. Most coins and platforms have a CEO or directorate who own a majority stake in their coin or platform. It's not unique to Ripple. People like to try and use this as a negative against XRP but it's not unusual.
They will use the XRP platform, but XRP itself is not going to be used in anything. It has not been used in a single transaction, since banks will create their own platforms.
Just hold on and think for a second... if XRP's TRUE value is $2, then it means that the CEO and the group owning XRP are worth 120+ BILLION DOLLARS.
Jeff Bezos of Amazon, richest man in the world, doesn't even have a net worth of that amount.
And personally, I don't know any coin that has that much in reserve for its holders.
Are you claiming that Ripple founder is currently one of wealthiest people in the entire world?
I'm saying that XRP is way overvalued at $2, because it would make the guy incredibly rich.
Remember also that XRP was 0.25 until they pulled the "escrow" trick, spiking up prices. It didn't really have anything to do with partnerships - they had some of those all along.
Invest at your own risk! Personally, I just chose to invest in XRP-index XLM, which I dumped a few days ago.
