every other 'breakout' *coughcough (its been in a bearish cycle forever) has been followed by an 80% + dump seriously do not buy this coin 0 real world usecase, 0% deflationary theres 0 reason for it to exist it will probably eventually just get delisted as its fkn useless it got way overhyped in a mistaken crossover with ripple labs, just the token doenst have any reason to exist, ripple labs are fine, but xrp doesnt buy you a share of ripple labs, it buys a token called xrp with no cap in supply and it literally doesnt do anything, its not even mined and therefore is neither a crypto currency, nor decenteralized. dont fomo this coin, fomo btc or eth sure, but this one is just going to continue to underperform until it is probably delisted from most exchanges. or just becomes more worthless than it is already.
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it looks more like an inverse parabola than anything else... so its going to exponentially goto 0 vs ethereum... which has infinite usecases
Market cap is a thing man. If the rest of market goes up so does xrp. With Eth at 10k that’s likely still a $10 xrp. Eth should be the ones getting sued by the SEC
olliecoughland
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@jamisonwhatley, i completely disagree, eth is a crypto currency which has miners and multiple computers allowing a global decentralized network, xrp is a security token which exists soley at ripple labs and has 0 todo with crypto currency, it shouldnt even be listed on crypto exchanges, which is why theyre getting sued by the sec, also eth is deflationary, ripple labs can print as many xrp as they want forever and dump them onto the market, aka their community, which is you. youve been duped my friend, do look into the fundamentals of what a cryptocurrency is and try to understand what im saying here, it has underperformed since 2017 as people educated themselves and it serves litereally 0 purpose, i suggest you do the same. :)
UnknownUnicorn26456470
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@olliecoughland, Tell me you know nothing about XRP without telling me you know nothing about XRP. Any evidence for them being able to "print as much XRP as they want"
olliecoughland
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@AimeeJ, sorry fair enough, but unlock as many as they want from escrow to 'distribute' to their community
olliecoughland
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pretty embarrased about that rant tbh, but i really dont like xrp
UnknownUnicorn26456470
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@olliecoughland, The escrow is locked and 1bn is released every time during a timed release.
It can also be burnt if 80% of the nodes voted for it. 70% of Ethereum was pre-mined will they ever allow us to burn Vitaliks Ethereum?
olliecoughland
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@AimeeJ, 55% of the nodes are owned by ripple labs? this is the escrow portion if im not mistaken why would they vote to burn their own nodes when they can release and sell anytime theres a crypto hypewave/ market upmove. surpressing the price movents that are seen in normal crypto market hypewaves, essentially scamming their holders who are expecting crypto like returns they did this most of the last bear market if i remember correctly
olliecoughland
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@olliecoughland, it doesnt really matter but this token doesnt get along with the crypto purist in me and it frustrates me that its part of the overall crypto conversation
olliecoughland
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@olliecoughland, it has broken out vs ethereum here i suppose, so i was wrong thinking it would be down only, but i think the eth downmove was mostly to liquidate some overexposed hedgefunds which has happened now so i doubt eth stays that undervalued comparitively for long
UnknownUnicorn26456470
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@olliecoughland, Ripple owning the majority of the nodes hasn't been true for years.