how to spot a troll in 3 easy steps
1- noobie account, but thinks they know everything
2- talks alot
3- doesnt listen
Everyone starts somewhere on these forums. Calling me a troll doesn't negate the concerns about XRP.
what made you think the above comment from me was for you ??
wrong, you have been here before...you dont just create a new account to come bashing a coin...we are not that stupid m8..
also i asked a simple question 3 times...nothing near as complex or stupid as your questions...
ill try for the last time...
AGAIN...nothing personal...but
why the noobie account to come here and post nothing but negativity on a coin you seem to know about but dont want to buy?
I've been a long time lurker, just blown away by all the XRP hype so I wanted to put my 2 cents in the pot. Too many noobs think XRP is going to make them rich, like bought 10,000 ETH at $0.80 rich, so I had to chime in. Math just isn't there, supply just is way too much and the creators still own 60%+.
How about you show us your math? Maybe 5-10 clear distinct steps of your logic and supporting arguments around what value you would place on XRP and why?
1) Banks will use Ripple tech not actual XRP.
2) The XRP that is destroyed by transactions is not enough to significantly reduce circulation in the foreseeable future considering that 1,000,000 transactions would only cost 10 XRP.
3) For XRP to hit $1 total XRP market cap would need to be $38B-$100B depending on total circulation at the time. For a $10 valuation that would need $380B-$1T total XRP market cap. Let's give XRP the benefit of the doubt and say it captures 25% of the total crypto market cap (all coins). That would mean a $10 per token value would need to be in a $1.5T to $4T total market cap scenario. That scenario would need BTC north of $100k per token. While I do believe that BTC has the potential to reach that number and even higher I think we are still a ways off.
4) Ripple currently controls 62% of tokens of which 54B will be locked up for the next year then start dumping on the market 1B at a time. During this time they still have 8B which is 17% of total unlocked up tokens to manipulate the market with.
5) Previous articles hinted that Ripple was going to retain 50B permanently, now they have a contract to release them.
6) Today it looks like it's on a warpath downward just like it did the last time it spiked then spent 2 years trying to find a bottom while loosing 95% of its value.
I am not saying that XRP won't go up in value but I hear a lot of people with the idea that it will be up there with ETH. It won't. It may hit around $1 this year or early next but as soon as the contracts start to release 1B on the market every month that will drop the price significantly and keep it at or below $1 for a very very long time. It also may just stay in a price range between $.2 and $.4.
1.) Link on where explicitly told that bank will use only Ripple? Nah, you do not have one.
2.) Are you aware of how many transactions are happening in the world, or ho many is planned for a ripple?
3.) Have to applause you are very first troll to include 38B as market cap for XRP to be $1. Though you do not realize that XRP does not give a shit about BTC, its exchanges that tight XRP to BTC, it will change soon, very soon.
4.) Can you imagine, when it was 54B they reached 0.42c per XRP, what will happen when they have 8B? 3 USD? Oh no, it does come together with your stupid market cap tightening via BTC and other carp
5.) Even dunno what this thing about
6.) Last time it hit 7700 satoshi than went to 3500 and than for a month was going down to 2500, trolls were having happy days, guess what happened? I know your stupid head will not manage to guess! But try hard!
I am surprised on how man without modelling possible circulation and contracts and etc. can predict price that can go against his calculations on Market Capacity. Troll that wanted to be smart, end of the story.
P.S. here is another joke like you, never gives up:
https://www.xrpchat.com/topic/5543-we-are-on-the-downtrend-again/Story from other end of cryptoworld, when XRP reached first time 50USD and than retraced to 35-45USD, trolls were committing suicide for a prove that it is a one huge bubble. Now ETH is > 200 USD, why? Nah, troll does not understand that.
