Quote from: Enjel on January 12, 2018, 08:39:29 AM

Quote from: flinty69 on January 12, 2018, 08:16:35 AM

Quote from: Enjel on January 12, 2018, 06:07:40 AM

Quote from: flinty69 on January 12, 2018, 04:58:16 AM

Quote from: Enjel on January 12, 2018, 04:53:13 AM

Quote from: btcmydream on January 12, 2018, 04:37:22 AM

Quote from: Enjel on January 12, 2018, 04:01:54 AM

Good luck making the CEO and those who own 66% of all the XRP rich.

who own 66% of XRP?

Quote from: Ctstrphy on January 11, 2018, 02:54:12 PM

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.

They will use the XRP platform, but XRP itself is not going to be used in anything. It has not been used in a single transaction, since banks will create their own platforms.

Just hold on and think for a second... if XRP's TRUE value is $2, then it means that the CEO and the group owning XRP are worth 120+ BILLION DOLLARS.

Jeff Bezos of Amazon, richest man in the world, doesn't even have a net worth of that amount.

And personally, I don't know any coin that has that much in reserve for its holders.

Are you claiming that Ripple founder is currently one of wealthiest people in the entire world?

I'm saying that XRP is way overvalued at $2, because it would make the guy incredibly rich.

Remember also that XRP was 0.25 until they pulled the "escrow" trick, spiking up prices. It didn't really have anything to do with partnerships - they had some of those all along.

Invest at your own risk! Personally, I just chose to invest in XRP-index XLM, which I dumped a few days ago.

Almost everything you just tried to reason could also be applied to any other coin or platform in the top marketcap. XRP is both a cryptocurrency and a platform. Many other cryptos listed are the same or are platforms and not currency. Most of them are overvalued because they don't have working projects. XRP is one of the few projects that actually does have something going for it. Most coins are overvalued but nobody seems to are about those. It's just the FUDders that want to try and pull apart XRP because it's not decentralised and they don't like the ethics (lol) behind that concept. I got news.... a lot of this doesn't make sense or is strictly right or ethical but people still invest. Why? Because they know they can make profit from investing in the coins they do. I know I would rather be piutting my money in a project which is getting mass media attention and and the support of hundreds of finanical partnerships that deal with trillions of dollars every day. As long as there is that prospect of profit ...all the FUD in the world isn't going to stop the market increasing (including XRP). By the way, I also own bags of XLM. If you dumped at it's $0.85 then you did well... if not then it will still do well.. just need to wait. Every coin will have it's turn. Why? Because that's the crazy world of crypto trading.

Well.. no, it can't be applied... what other currency has 66% of it locked up by a CEO? Virtually none of them.

No other crypto has a CEO and associates whose combined net worth would be 120 billion if XRP price was accurate. If XRP goes to 5 dollars, the CEO of XRP will be the richest man in the world for something that hasn't even been used once by one of the "trillion dollar" financial institutions (which one of them are trillion dollars BTW? JP Morgan is only multi-billion, and it's one of the largest that's not even using XRP. All the "trillion dollars" financial institutions are exaggerated).

It's not about the ethics really - all I'm saying is that XRP is a pump+dump coin (and yes, it can make a lot of money! I agree), because sooner or later 60 billion XRP will come into the market and dilute everything.

But ethically I don't believe in it either, but that's not why it's a pump+dump.

I want to also emphasize that most of XRP partnerships are with institutions that no one has ever heard of - many of them are "banks" from third world countries.

There is also no entity on Earth that deals with "trillions of dollars" every day.

But still, don't let me stop you. Not FUD, but facts. FUD would be talking about how XRP is shady and stuff. A fact is that the XRP CEO cannot possibly be the richest man alive.

How do you know other currencies don't have a large percentage of coins locked up? Just because Brad CEO has been transparent about business practices doesn't mean other CEOs and directors aren't doing the same or worse? It's naive to think they are not. Also comsider, Mark Zuckerberg, 5th richest man in the world with a product that has not yet shown relative financial value. At least this sector deals with trillions of dollars...now this is where you mistook what I said. I never said specific companies were trillion dollar companies. I implied that if you take the sum of electronic transfers that happen every day around the world you can easily get to that sector being a trillion dollar industry of which ripple could play an integral role.

Partnerships with companies no one has ever heard of? Now you are being ridiiculous. LOL! Moneygram, American Express, Santander, Spain, Santander, UK, Canadian Imperial BoC, Unicredit, ...I can go on? I certainly don't consider, Spain, Canada, America or the UK as 3rd world.

What coin isn't a pump and dump? They are all pumped at one time or another and then dumped. That is the nature of trading!