Re: XRP is the best crypto safe haven?

Quote from: Hodor7777 on September 03, 2017, 04:16:55 PM

In my latest blog I talk about the precarious state of the economy and what investors might turn to for safe-haven assets in a stock sell-off: https://xrphodor.wordpress.com/2017/09/03/is-xrp-destined-to-be-a-safe-haven-asset/

I believe that investors might strongly consider turning to XRP as the next "gold standard" in crypto safe havens.

Let me know what you think.

Twitter: https://twitter.com/Hodor7777/status/904375295578447872

I'm always stunned to see that there are so many XRP supporters!

XRP is everything but a safe haven and a gold standard!

- it's a centralized coin controlled by Ripple company and its founders.
- the issuance of new coins and the total number of coins can be changed anytime by its creators
- there is a very bad liquidity vs marketcap because a bunch of happy fews own large chunks of it and can manipulate the price at will
- people mix up the success of Ripple as a company and the value of the token. No bank will use XRP for its transactions! Why would they do that ?

Early buyers were lucky to see XRP shot up in value only because it's an old coin, thus traded on large exchanges.
It can gain more value as the crypto party attracts lots of new speculators but ultimately XRP holders will lose lots of money.