Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

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Because banks are testing/using XRP to transfer funds overseas in a matters of seconds. It is also the 3rd largest crypto available and imo,is better then bitcoin due to the time it takes to recieve funds.


Bitcoin aint even the best coin for its actual usage if were being honest. So many coins trasnfer much faster.


Once banks back up XRP, its a wrap.

Also, it seems to have a steady low support at .21 - .23. Once the halving happens next year, money can easily be made here.


This my opinion and its not guaranteed so take it for what its worth and do your own research

You should get out of Ripple ASAP, it's the definition of a "shyt coin". Yes, they have legitimate use cases. Yes, they are being used in the real world right now. But you will not make any money investing in it.

I dumped a lot of money into it years ago anticipating exactly where it is today and ended up losing a lot of money. I got it back eventually, though... by trading it for Bitcoin.
 

Bboystyle

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You should get out of Ripple ASAP, it's the definition of a "shyt coin". Yes, they have legitimate use cases. Yes, they are being used in the real world right now. But you will not make any money investing in it.

I dumped a lot of money into it years ago anticipating exactly where it is today and ended up losing a lot of money. I got it back eventually, though... by trading it for Bitcoin.

Wont trade it until the halving next year. Its only a shyt coin if u dont know how to trade it and expect it to move like BTC. Ive made 4k off of it during this bear run. I expect it to drop around .15-.17 before the year ends. Ill by more and hold until the halving where it can double or triple my money. I dont expect it to go high like other dummies.

Btw it isnt called Ripple. Ripple is a company thats uses and owns 60% of XRP.
 

KageDaBeast

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GoFlipAPack

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Ripple Releases 1,256,000,000 XRP, Part of It Goes to Wallet Allegedly Belonging to Chris Larsen


  • Yuri Molchan
    Wed, 01/01/2020 - 11:29
    News


    Ripple unleashes a massive amount of XRP to the market – nearly $240,869,752, part of it goes to the wallet that allegedly belongs to a Ripple co-founder Chris Larsen


node-18446.jpg

Cover image via u.today


As the new 2020 year arrives, the Whale Alert Twitter account detects a breathtaking amount of XRP released by Ripple to its Funding Wallet 1. This Ripple’s wallet was set up by a Ripple co-founder and a Silicon Valley venture investor Chris Larsen. However, many in the community believe it belongs to him as well.

255,684,118 #XRP (48,861,709 USD) transferred from Ripple to Funding Wallet 1

Tx: Whale Alert | Transaction Details

— Whale Alert (@whale_alert) December 31, 2019
A short while later, following the monthly tradition, Ripple let out another billion XRP from its escrow wallet. The community feels outraged that even on the first day of a new year it sees the company they believe in so much going against the interests of its investors again.

256 mln XRP goes to Chris Larsen’s wallet
The first gargantuan transaction was sent from Ripple to Funding Wallet 1, which is believed to belong to a Ripple’s co-founder and the founder of the mortgage lender E-Loan, Chris Larsen.

The current balance of the wallet totals almost 266 mln XRP.

XRP_2.png

Image via bithomp.com
‘It’s that time of the month again’ – another billion XRP is out
Later on, the New Year night saw even more XRP released to the market – 1 bln of these coins was automatically released from Ripple’s escrow wallet. It happens on the first day of each month and soon after this action, a large portion of the released XRP (sometimes all of it) gets sent back to escrow.

1,000,000,000 #XRP (192,008,043 USD) unlocked from escrow at Ripple Escrow wallet

Tx: Whale Alert | Transaction Details

— Whale Alert (@whale_alert) January 1, 2020
Despite this, the community feels outraged every time they see this transaction reported by Whale Alert. Together with the release of the 256 mln XRP to Chris Larsen’s wallet, the total amount of the unlocked XRP is approximately $240,869,752.

The XRP price has been trading below $0.20 for a while already, unable to regain even the $0.30 level. However, recently, a crypto trader assumed that the price of the coin is in the Falling Wedge pattern now which means it may reverse and head North soon. The trader’s prediction was that XRP would finally regain the $0.30 price level soon enough.



MUST READ Nobody Buys XRP to Give Ripple Money: David Schwartz


A trading expert disapproves of the massive XRP release
A prominent crypto analyst Jacob Canfield has wished a happy New Year to the community on his Twitter page, wishing that in the new year the Bitcoin price would break its all-time high.

He also expressed his disapproval of the aforementioned 1-bln-XRP release.

Many in the community believe that these regular XRP released prevent the price of the coin from rising. Among those is also Mati Greenspan, the founder of Quantum Economics.

Everyone on CT: Happy New Years! love you guys. 2020 is going to be amazing! Hope all your bags pump and I hope bitcoin breaks all time high.
 
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