I'm never touching XRP, this is such an over valued token waiting to pop and dump hard.
The speculation is based on the burn rate for doing transactions, yet most investors fail to realise that even if all banks used it , I would take THOUSANDS of years to burn a significant % of the supply. Plus less than 40% of the total supply is circulating ... This is a recipe for disaster and will leave many burning
The speculation is based on the burn rate for doing transactions, yet most investors fail to realise that even if all banks used it , I would take THOUSANDS of years to burn a significant % of the supply. Plus less than 40% of the total supply is circulating ... This is a recipe for disaster and will leave many burning
You obviously have no idea about amount of transactions done DAILY in banks across the globe
Yes , I do, you obviously don't know the burn rate and supply amount of XRP
You obviously don't know about supply amount of XRP and what is behind, weak at math, no vision etc and etc
Every day ask myself what I doing with this 90% of retards and laggards that can not educate themselves
Anyway it looks like Brad is very bullish now on XRP and mentions it in every Twitter post:
https://twitter.com/bgarlinghouse
Price goes is nowadays 0.25USD which is more than happy and still drop in ocean.
And my favorite:
Ripple's technology is great, but their token is awful.
The banks can easily use a forked version to avoid buying XRP off the market, but even if they did:
The default transaction fee is 10 drops (0.00001 XRP). So we need to burn 1 XRP for each 100k transactions.
If ALL SWIFT transactions would be replaced by XRP that means that there would be an average of 28M transactions in the Ripple network per day
So, daily only 280 XRP would be burned and to burn even 1% of the total supply it would take over 10.000 years
I think you guys need to do better your research before you invest in anything
Even with the total supply hitting the market at $1 a piece, that would be $100 billion. Visa alone has a market cap of $251.23B.
When you take into account fiat currencies, and spread that on a global scale, it's really not that big.
There are currently over 35 $100+B in the US alone (several of which are on target to hit $1 trillion next year). Factor in the release of XRP over time, and it's not inconceivable to top $1T by the time the full amount is circulated.