Quote from: pawanjain on January 19, 2018, 02:38:43 PM

Quote from: Deeyoh on January 19, 2018, 02:14:11 PM

Ripple has a much better chance to go to Zero than 10,000 at anytime in the future. LOL It's not even a crypto currency and should not be listed as such. It's centralized and you never hold your value. Someone else does... good luck.

Strongly agree with this point as it is completely centralized and being monitored all the time. As soon as the currency reaches a higher price the owner of the currency releases many more coins in the market. It's market cap is so much that it is near to impossible for XRP to reach $10000 within 2 years. It took Bitcoin 9 whole years to reach the $10,000 being a decentralized currency with limited supply. XRP on the other hand is centralized and has a whole lot more supply. It can't reach $10,000 until next 5 years for sure.

And it has to be this way for what they purport to do. Now I'm not sure they're going to actually get any banks to use XRP, even if they get them to use Ripple protocol, but let's assume they do. Then they have to hold the price of XRP steady for it to serve its purpose.

What bank can transact in a currency that fluctuates in value by 20% in a given day?

That's why some of these coins hold such a huge coin supply in their own stash. Any coin used for banking transactions has got to be stable.

So apart from the thoroughly anti-crypto idea behind XRP, and the lawsuits pending against the company, it's just not a good long-term hold for price appreciation. This one is going to trade between $1-4 indefinitely. And will still be over-valued most of the time even at the top of that range!