Someone's dump is someone's pump. Might also turn around.
In every similar situation in the past (dump n pump), an alt used to be a ''bitcoin sanctuary'' afaic the price. Maybe because this way, it's easier to move around huge amount of money without those being dollars, euros etc. In the past LTC used to be in this role. This time it is Ripple. I really don't understand no other way other than "short-term" storage value for Ripple. The possibility that -at any given time- the ones who made it, can also call it off simply makes me wary.
Dude, what about the 70 billion xrp outstanding, just waiting to be dumped?
This thing is almost as scammish as private central bank fiat money!
Edit
And this my friend is the reason, why Ripple is the wrong pill. It's not designed to make people more free, but keep the current system alive! This is also, why banks and governments will like it more than Bitcoin.
Bitcoin is a movement for freedom and human rights. Ripple might lead us in a dystopian future. We will se how it plays out and which pill people choose.
This is why I wonder, who are the real supporters of Bitcoin - taking a very high risk, to free society! And are not in it for the short time profit - which definitley can and will be made in Ripple from here on.
Thanks dude, that makes more sense.
This may be a losing battle, but it's one I intend to fight till the end.
"They can take our FREEDOM, but they'll never take our BITCOIN!"
