It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: seasonal
a reply to: TheGOAT
Ripple has 58 B XRP in escrow that they are may release every months for the next 58 months, but do not have to release them.
Also there is a small portion of XRP that is destroyed with every transaction. It is hard to get a bead on what exactly this coin will do with these variables.
originally posted by: toysforadults
a reply to: seasonal
they are using them as a control mechanism to prevent boom bust cycles so manipulators can't do what they are doing to BTC to XRP.
No, they are using them to manipulate holders as they see fit. Just like when they locked away 55 Billion of them and the price went up. They can release their own holdings and knock it right back down at the drop of a hat.
originally posted by: seasonal
a reply to: JinMI
99 Billion and some change is total supply. (lots and lots of coins to be sure)
originally posted by: seasonal
a reply to: TheGOAT
No, they are using them to manipulate holders as they see fit. Just like when they locked away 55 Billion of them and the price went up. They can release their own holdings and knock it right back down at the drop of a hat.
According to the info I am reading that is not the case. But time will tell.
originally posted by: seasonal
a reply to: TheGOAT
No the coins are already minted, 99 B and change.
The "free" market is no firmly in control, but they do have the ability to dump (1B) coins once a month. That is if they stick to their plans. And so far they have and I have seen no reason from this company to think other wise. Have you?
originally posted by: seasonal
a reply to: TheGOAT
We can't say what the future price will be. Would I invest @ $2+? No.
I invest in upcoming coins-verge and digitalnotes are a few I am looking at. That does not mean the Ripple won't be $15 in March.
originally posted by: seasonal
a reply to: TheGOAT
Yes there is a ton of coins out there and some are going to do very well.
I did indeed get into ripple early. I would not invest in OmiseGo right now.
I own 6 crypto, only one is not doing well. 4 are 1000% above were I bought. No one knows what coin is gong to be king of the hill. I like Ripple, Stellar, Cardano. While I was typing this ripple's price increase 4%.
originally posted by: seasonal
a reply to: TheGOAT
I invest in coins I like. I would have bought Tron but not offered by bittrex.
And all 3 of the coins, Ripple, Stellar and Cardano are double digit gainers today. I have nothing to complain about.