There are three coins I vow to never touch, Ripple, BCH and Bitconnect. The issue is Ripple goes against all the core principles of cryptocurrency. It is completely centralized. You do not hold a private key in Ripple, you have a login username and password to claim your funds.
To call this an investment is also incorrect. The risk in Ripple is just way too high. Remember the CEO holds like 2/3 of the supply. So whatever the price is right now, it is much more than it should be. What happens when the other 2/3 enters the market? This is similar to quarkchain, whos ICO I didn't get into. There is no point in me buying their token now. It is valued at about 24 cents with a current circulating supply of 400million. So far so good yea? But the max supply is 10 billion, and the circulating supply will increase by over a billion in a few months. The current price will not be sustainable if you consider the extra supply that is coming in. Who wouldn't dump at 10 or 20x ROI ?
Sorry this post is harsh to you ripple lovers. But this is my 5 cents. Wish you guys the best of luck, but I'm not touching this
To call this an investment is also incorrect. The risk in Ripple is just way too high. Remember the CEO holds like 2/3 of the supply. So whatever the price is right now, it is much more than it should be. What happens when the other 2/3 enters the market? This is similar to quarkchain, whos ICO I didn't get into. There is no point in me buying their token now. It is valued at about 24 cents with a current circulating supply of 400million. So far so good yea? But the max supply is 10 billion, and the circulating supply will increase by over a billion in a few months. The current price will not be sustainable if you consider the extra supply that is coming in. Who wouldn't dump at 10 or 20x ROI ?
Sorry this post is harsh to you ripple lovers. But this is my 5 cents. Wish you guys the best of luck, but I'm not touching this