Post
Topic
Board Speculation (Altcoins)
Re: [XRP] Ripple Speculation
by
JoelKatz
on 11/06/2017, 19:53:02 UTC
And they will continue to do so which is why I'm bearish on XRP. That and the fact that people keep falsely claiming banks are buying, holding and using large amounts of XRP.
This is really implausible. An increase in the price of XRP benefits Ripple more than anyone else. And you're suggesting that the price of XRP would go up but for Ripple's conduct. Essentially, you are saying that we will act in a way that harms us. We are most definitely playing the long game. We are primarily VC financed, and this allows us to use our stockpile of XRP as a strategic weapon rather than a bank account.

Banks using XRP directly is not our short-term strategy, though that may change as we have recently been seeing much more direct interest in XRP from banks. See https://www.xrpchat.com/topic/4029-explaining-xrp/#comment-39074 and https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/#comment-50182

See this too: https://www.xrpchat.com/topic/6233-ripple-vs-ethereum-not-the-price-but-the-merits/#comment-59463