The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.
To be prepared it's also important to know the dangerous shitcoins and avoid them.
The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:
Please everyone, if you have more warnings to add, please comment!
I agree that the Ripple does not have a positive future ! All people think that their growth provoked the demand for the coin, but I believe that this is not so as the main task of the developers is speculation ! I think that most people lost money than earned on growth !To be prepared it's also important to know the dangerous shitcoins and avoid them.
The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:
- XRP has not a decentralised blockchain, XRP is centralised and is often called the coin of banks. This is bad because the banks are keeping their centralisation + power and get even richer.
- XRP is 100% premined and that is part of the centralization problem.
- The team of Ripple own almost 70% of all XRP, which is unethical.
- The coin XRP is useless if Ripple decides to change the system (that's possile and can happen when Ripple has made enough profit for the team or the banks want it).
- The market and the media are manipulated by Ripple with fake news: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
and a large number of user comments on the internet are not from normal users, it's paid from Ripple to manipulate the people. XRP marketing can be compared to BCash marketing spreading lies.
Please everyone, if you have more warnings to add, please comment!