TradeWithTyler

Massive Dump Incoming! XRP Headed to 0.05 cent!

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hello everyone! Hope you are having a great day! Lets start by taking a look at XRP, and talk about why I think its going to 0.05 cent. First reason is, regulation, no government in their right mind is going to let xrp/ripple come in and disrupt their central banks entire payment processing current operation (dollars/swift), its just not going to happen in this day and age. Instead of using xrp/ripple, they will continue to use dollars/swift and just modernize the processing to be instantaneous. Second reason is, inflation , xrp is highly inflated and many people holding billions of coins in wallets ready to dump at a moments notice, remember Jed McCaleb? Third reason is, TRANSPARENCY, xrp/ripple has never been audited legitimately, so we do not technically know who exactly owns all the top wallets, according to an analysis performed by BITMEX, Ripple has been unable to retrieve the first 32,570 blocks from the Ripple ledger and none of the nodes could repair or obtain the data. This means that Ripple cannot a complete an audit of their blockchain, nor a transactional analysis of the 100 billion XRP coins. So therefore, xrp/ripple claims it can never be audited, therefore basically can never be trusted by any major organization or corporation, so it will simply be left in the dust. Whether you agree or disagree, please leave a comment below letting me know either way!
keep up the great work
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bro don't share TA like this, you will be bulled lol from ripplearmy :D
+2 Reply
hypercraft hypercraft
@hypercraft, btw, since 24 april we decoupling slowly from btc and are on uptrend channel. selling pressure is no more to much
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old issue, you know, because you were also perfect at everything you did the first time
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Look you can see from my username that I'm biased, but I'm still gonna say it. This has got ZERO to do with technical analysis, which is what this site is all about. If you think it's going to 5c, fine. But give us TECHNICAL reasons why, not your opinions on why XRP and Ripple won't succeed. My understanding is that you can't modernise swift. It's a systemic issue with the way Swift operates. And as far as adoption by central banks goes, they are already signing up to use Ripple's suite of products. e.g. https://dailyhodl.com/2019/02/13/saudis-central-bank-pushes-ripple-adoption-reveals-two-new-banks-on-board-is-xrp-involved

I have no idea where you get this concept about the first 32,570 blocks. I reckon you don't know what you're talking about. There isn't even a concept of blocks in the Ripple ledger, that's a blockchain thing. The Ripple ledger stores a history of transactions, not blocks. See https://bitcoin.stackexchange.com/questions/58139/difference-between-bitcoin-blockchain-and-ripple-ledger

I realise lots of crypto enthusiasts hate Ripple and XRP because they're working WITH the banks, not against them, but let's get real here. Banking is not going away. Central banks are not going away. So why not try to improve banking systems rather than disrupt them?
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