Post
Topic
Board Beginners & Help
Re: I'll give you 1 Bitcoin for 12,000 Ripples
by
crypTrade
on 06/05/2013, 06:43:52 UTC
May I ask how you all are valuing XRP? How can any of you be confident of what is a "good deal" at this stage of the currency's development? Only a fraction of the available XRP are on the market now. What will happen when millions or billions more are given away for free?

I'm asking purely out of curiosity. I am new to the world of bitcoin etc.
The point of the giveaways it to gain users. Unless those giveaways are done very badly, they should incrase demand at least as much as they increase suplpy. Opencoin controls the giveawys. Opencoin wants the price of XRP to be high. You can connect the dots.