Post
Topic
Board Altcoin Discussion
Re: Is Ripple the currency of the future?
by
shyliar
on 30/12/2017, 13:16:11 UTC
No one involved in decentralized cryptocurrency believes ripple has a place in this sphere. Does ripple have a place in the mind of the elite central banks? I doubt it.

Don't be sucked into the current pump. Look here at the historical snapshot of ripple on December 25, 2016.

https://coinmarketcap.com/historical/20161225/

And compare to today.

https://coinmarketcap.com/

Then do the math and understand that the company controlling ripple released another 2,735,548,365 coins into circulation this past year. That means likely they are cash rich in the amounts of hundreds of millions of dollars.

Interestingly, just as they were about to be moved into oblivion cryptocurrency wise, it seems those hundreds of millions were used to pump the price.

At the current price, and assuming they release a similar amount of coins this year, that represents well over 5 billion US dollars of profit. Not bad. It seems it pays to manipulate the price. Don't be surprised with any upcoming release of coins into circulation, historically a little over 1 billion get released after ripple pumps with the use of previous profits. At that point they likely will have a multi-billion dollar war chest for the next round of manipulation.

This works great for day traders; but, if you're an average investor you need to keep in mind it's being manipulated. The fact is most folks here don't know when they will pull the rug out from under you. If you've been holding take the money and run. As all things crypto it's buyer beware.