But they have a huge market on their hands.
They do, and the way they achieved it was to announce a 2/3rd supply lockup while giving time for whales to hop on and spread the news and explain why everyone should jump on based on what a supply cut should do to the price. In XRPâs case with the 2/3rd supply lockup, it pumped so much money into their coin after it was already going to be a guaranteed 3x gain after it happened, and became much more than that as it was well timed during the bull run + all of the people that received the news who got on. They then stole a spotlight from many other big cryptos with their manipulated upwards movement which also fueled the pump more with tons of FOMO in the coin.
Now, people think that since it has such a big cap, itâs too big to fail. Apparently this amount of hype and money in the coin just HAS to be successful, or even make it too big to fail in othersâ eyes. In my opinion, based on their actions during the length of time Iâve been keeping an eye on them showing me that theyâve got to be just the biggest scam of the space by misleading people away from crypto and into a controlled digital FIAT backed by banks. Theyâre led through many regulatory loopholes and shouldnât be classifying XRP as a cryptocurrency at all because it holds hardly any attributes of one.
They supply took no work from anyone else to create either. They owned 100% of the supply and sold a bunch of it themselves rather than coming up with any clever method of distribution allowing anyone to get involved in any way other than buying it from them. They couldnât just let anyone help participate in the creation of the coin so that it truly becomes better distributed, rather than owned by mega-whales who can badly affect the market at any point theyâd like and use mass amounts of it to manipulate prices to their benefit?
Ripple is also able to just hand out stakes to whoever they want that they think are important say for example to continue receiving good coverage, even from sources bashing Bitcoin and other cryptocurrencies in general. Yet, somehow they always speak so highly of XRP, the most centralized, manipulated, ââcryptocurrencyââ with a very money hungry team that uses celebrities with hardly any knowledge relaying misinformation to their investors, rather than developers that can explain the why, what, or hows of anything. Ripple doesnât answer to the people that are spreading these facts about them, because they canât deny them and wouldnât be able to win a debate about it. Even the co-founder of Ripple left because it was too centralized, and that co-founder is now the founder of Stellar XLM.
Rippleâs team are not who they seem, unless youâve done the research and seen they actions theyâve taken to pump the value of their coin. Thatâs all many young investors want in this space, is for the value to pump, so badly that they ask in Telegram chat, which Iâm sure youâve seen from time to time if youâre in the chats, for the team to do something that pumps the coin. Higher ups will support Ripple because they are the solution to helping the feds retain mass control of value as Ripple still keeps inflation on their coin. Even though they do burn bits of coins from each transaction, they did claim that theyâd still be using inflation as a tool to keep the coin stable.
Even Ripple keeps wanting to separate themselves from XRP because of the many illegitimate actions theyâve taken. They havenât conducted anything the right way for it to be a feasible currency to use. You donât just make up ALL of the supply yourself as one entity, and mass sell if for profits and create whales out of the only people that know about it that are stupid enough to support it long-term.
Nuuuuuuuuu myy Riplulll
We all know how nasty the first 3 letters of Crypto are
And first 3 letters of Ripple do not sound good at all
it is still a good buy until the rocket is on the floor