Post
Topic
Board Speculation (Altcoins)
Re: [XRP] Ripple Speculation
by
JoelKatz
on 11/06/2017, 18:18:51 UTC
''For comparison, Ripple has sold on average 300M XRP per month for the past 18 months.''
Since then, the price of XRP has changed by a factor of 40 or so. It's hard to justify assuming that the level will remain constant. At 27 cents (the price as I write this), that would be about $80 million per month. So long as we're the largest holder of XRP, anything that significantly pushes down on the price of XRP and its prospects for long-term success in terms of value and liquidity is against our interests. Our investors are not looking to make a quick buck.