Good luck making the CEO and those who own 66% of all the XRP rich.
who own 66% of XRP?
If you do really believe in crypto and want to capitalize gains on XRP, please use fiat in buying such and keep your precious BTC and ETH from the bankers. Have a great day!
can you explian why? I don't really understand the difference between buy with FIAT and BTC/ETH ~
Did you know the Ripple company has the large majority of all XRP in circulation? Which means that a $2 XRP implies XRP being the #1 Cryptocurrency in the world based on Market Cap (ahead of Bitcoin).
That's obviously ridiculous, and the only reason XRP price went up was due to taking XRP out of circulation. The partnerships are just rumors until we actually see something being used.
so basically, since the CEO owns most of the XRP, you are making him rich when he can decide to dump a ton of it on the market (as it gradually gets released from escrow).
That's the reason I will never trust XRP - not until the 60+ billion XRPs gets released onto the public. Until then, XRP is only a pump+dump coin - ride it up, and then sell it off.
1. Ripple has more partnerships with trillion dollar financial sectors than any other coin that I know of. These partnerships are not rumours but fact and with XRp they are closer to a working 'ripple is standard' platform than any other platform currently available.
2. Most coins and platforms have a CEO or directorate who own a majority stake in their coin or platform. It's not unique to Ripple. People like to try and use this as a negative against XRP but it's not unusual.