Post
Topic
Board Altcoin Discussion
Re: Proof that Ripple numbers are manipulated by Coinmarketcap, there is no boom!
by
Sukrim
on 28/11/2014, 09:36:09 UTC
Also, I don't think anyone really understands what's moving the price of XRP. So the risk and expected rewards are essentially uncomputable.
Second time ive seen you say this, and as a director on the ripple board I call BS. You know full well why the price is going up, it has to do with the fact that you airdropped coins enough to weasel into the second place on coinmarketcap. Who did those coins go to?
https://bitcointalk.org/index.php?topic=873067.msg9659498#msg9659498

Quoting coinmarketcap as your primary source is like writing your PhD based on a Wikipedia article...

I'm flatly going to say it for those ripple lovers. No one is hating ripple as a coin, the hate is coming from the fact that ripple is NOT just a coin, its a company. The community hates your company. Its the same as GAW (I think it was GAW) posting that they will be creating a coin. Guess how well thats going to go over? My crystal ball says not very well.

I'll post a more detailed thread tomorrow.
"The community" loved MtGox, loved GPUMax + BTCS&T, loved ButterflyLabs... as well as some actually cool companies that do great things. Being hated by the bitcointalk community is not exactly a show stopper or indication for any kind of trustworthyness, just as being loved by it is neither.