Ninjastic
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Topic
Board Altcoin Discussion
Re: What’s everyone’s opinion on Ripple (XRP)?
by
bitgolden
on 26/03/2018, 07:58:49 UTC
Quote from: salad daging on March 21, 2018, 12:12:04 PM
Quote from: TheBraveDesolator on March 21, 2018, 11:41:31 AM
I doubt this coin will triple its value.

Circulating supply is 39T but the total supply is 99T. What will happen if they release the uncirculated ones? Huh
Price stays to 50 and the graph isn't remarkable at all
Many news say that this coin is backed by large conpanies but I cannot see much growth in it.
only with 39T the price is still unstable if they take out 99T in my opinion if that happens the price will drop drastically but after that if the circulation can be controlled because I will have a tremendous impact on the value of the coin
Its important for people like you to read about the coin first and read its whitepaper before speaking things that aren’t possible or are pure non-sense. If you read carefully, 39T XRP is the circulating supply and the total supply is 99T but they cannot release all the XRP tokens at once.

Those coins are not held by the ripple company, they are held in escrow and according to the legal documents, and only some portion of those held XRP tokens can be released every month to fund the company if necessary. Therefore, I won’t worry about 99T XRP circulating in the market any time soon for at least 10-20 years.