Ripple XRP: Is David Schwartz Telling Us the Price Wont Rise for Some Time ???
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Schwartz isn’t credible – aside from making Frankenstein’s monster look good – he sold off just before a crash and tried to spin it. Ripple overall is credible but Ripple’s success doesn’t imply XRP getting higher. In fact RIpple’s clients have a clear interest in XRP staying low since that means transfer fees are smaller… XRP is not really necessary, it’s just an exchange token, a stablecoin basically. Ripple owns 60 billion of them, that a good enough cash cow for them . But Ripple makes a lot more money with their clients as a service provider, the XRP money for jam is just the icing on the cake for them. When it is declared a security, it will drop down significantly to the point where RIpple might experience some serious problems.
At the end of the year we will be saying RIP Ripple
No shit that's what hes saying. Why the hell do u people think he sold out????
XRP and crypto in general seems to be staying true to the hype cycle. I believe we are in the 'trough of disillusionment' phase of the curve and with recent Trump tweet have now entered the 'slope of enlightenment' phase where reality sets in with the formal acknowledgement of crypto as an asset class and call to action to get the policy/regulatory frameworks figured out. The FUD in the comments are a bit sad, but understandable – just know that we have a long way to go, at this stage we are in 'adaption' mode, next stop is 'adoption' mode – thats the watershed event that will make it all worth it in the end.
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Is it possible that all of the XRP supply be completely burned if trillions and trillions of dollars worth of XRP are bought and sold daily over a span of many years?
Thanks mate, just sold alle my xrp for 0,26. Rather take some loss now than get totally recked in the end.