So many people saying ripple will go up because it's a good coin.
Not even explaining what is good about it and why it would go up.
This really goes to show how much people do not know about the coins they invest in.
Also, it goes to show they know nothing of how market economics work.
It would be wise to do some research about what ripple is all about.
You will quickly find a lot of evidence showing how much of a shady company it is.
The biggest thing, is that actually, the company itself owns a large amount of the available XRP.
The coin itself, has no function whatsoever.
So why do they hodl so much? Easy, they artificially pump their own coin.
Ok, I'll bite having done my homework last July before investing in XRP and FCT. XRP is uniquely capable of solving cross-border payments friction to start. This will be the first problem tackled by XRP before moving on. Freeing up $27 Trillion dollars in unnecessary nostro/vostro accounts globally is just one problem XRP will solve in the next 4-5 years. I invested in it because the consensus mechanism is becoming ever more Decentralized and its currently the fastest (1500 on-ledger trx p sec vs 6 for BTC), cheapest and most secure all while being extremely energy efficient and sustainable. Ripple currently only controls 7% of the XRP ledger and 27% of the UNL's and this is dropping. Cross-border payments and remittences are just the beginning. XRP was just recognized by R3 and setup as the default digital asset to settle for ALL of their 200+ global clients. Its not just Ripple the company that feels XRP is the best and brightest but other independent organizations are following suit. Ripple has developed the ILP which is an incredible open source and fully interoperable platform similar to R3's Corda designed to move ANY value including BTC and any FIAT. R3, Ripple, SBI and dozens of central banks are confident that XRP will be used at scale because its so obviously superior for payments to anything else available. Also, Ripple is building global liquidity for XRP at a staggering rate. For those that don't know, liquidity is necessary to be able to buy and sell large amounts while avoiding slippage. No other projects are building liquidity like XRP. I am actually quite glad that Ripple own a large amount of XRP and that its locked in escrow only legally allowed to release 1% of total supply each month for sale. The sale of this XRP each month by Ripple fuels growth and adoption of XRP by the institutional clientele. It's clear when you dig and look at the partnerships and expansion that XRP will be used at scale globally starting in Asia and the Middle east starting in May/June 2019.
I've been digging for dirt on the company Ripple and can't find anything legitimate. Only the same old stuff that's been refuted by actual evidence below.
https://fudbingo.com