Quote from: vhong on April 08, 2017, 06:30:00 AM

Quote from: shanem on April 07, 2017, 04:25:14 PM

XRP always got dumped back to its previous level after a huge pump. It is likely that the price of the coin will go back to below 2000 satoshi level and hover there for a long time. After a long period of time, whales will begin to accumulate and pump the coin back to its high and this cycle repeats again. The supply of Ripple is way too much so it would be hard for the coin to sustain such a high price.

I am 99.99% agree with you, ripple has been on the endless cycle of this scheme for quite a very long time. An average trader can easily make money out of this tactic.

That happens to many coins. But in the long term, it is done against bitcoin.