Let me figure this one out, and please jump in if you will: XRP was created out of thin air to be Ripple's coin. The "value" being that it will be used in RippleNet to revolutionize the banking industry wrt fast, cheap cross border payments etc.
So can we say that effectively it would be like Nvidia selling a digital chip that you can buy, saying it's value comes from the utilization of the chips, but still you won't own a chip nor will you own a stock or any piece of anything for that matter.
On top of that, Nvidia holds and owns all digital chips.
RIGHT. NOW, keep in mind that the gaming industry buys THE ACTUAL HARD CHIP, not the digital one, because they have no use for it. YOU, however, buy the DIGITAL CHIP. Being convinced that it has "real utilization and value" and is related by being a reflection of the actual hard chip.
Now back to ripple- every time they need to fund a project (or become billionaires), they simply sell bunches of xrp whilst telling everyone else to hodl. As the creator of ADA and the SEC pointed out. Basically stealing or "creative entrepreneurship", as ceo of ada calls it. (Check it out on his twatter page, he released a 20min video about it).
Then at a point, the community (those with brains) starts realizing and complaining. And so escrow is created and Brad promises to buy back in order to encourage the price. This is nice, thanks Brad. But should the XRPCommunity forget and forgive years of extreme market manipulation because you said "sorry, I'll stop" ? He even hired Elon Musk for a day to help XRP get TO THE MOON. Not kidding, this really happened.
Furthermore.. the SEC should have stopped this YEARS ago. Why now, when you were all having Hennessy together at the World Economic Forum meeting? And note that ONLY Brad was there. Not ada, not eth, just ripple. In fact, Brad is on the board of directors at the World Economic Forum. So the guy's got contacts and he's all the way up. That leaves 3 options :
1) XRP will crash to 0 and the Flare airdrop was investor's remuneration, Jay Clayton is helping Brad achieve this
2) JC is simply assisting with even further xrp manipulation to create a beautiful entry point for extremely greedy whales
3) Everything is peachy- there is no such thing as greedy mongrels' or market makers and JC is picking on poor ripple because they are so awesome and they are a threat to banks.
(NOTE that Ripple is a partner with the WEF, so that is automatically ruled out). And if you don't want to believe the the IMF has anything to do with the WEF, just look at who attended the meeting and the topics discussed. The WEF is NOT doing ANYTING out of line with he plans that the IMF has.
This is my fundamental analysis. All of the above said - you have to come to your own conclusion. Investing in an unregulated market is beyond risky. I'm open to a factual discussion about points above mentioned. I am mere mortal and might have missed something.
Attached was an idea a posted a while ago about the value I believed XRP had/has
BONUS SECTION
It has been noted that there's been repeated editing on Ripple CEO Brad Garlinghouse’s Wikipedia page to remove some "less positive" aspects. The "Controversies" section includes the fact that CEO Brad claimed multiple times that the published error rate for SWIFT messaging was at least six per cent (a claim that has been proven to be false), the fact that he’d been personally named in a group of class actions against Ripple, claiming the company breached various securities laws, AND the fact that he admitted, without sales of the XRP cryptocurrency, Ripple would be making losses.
credits - FT Alphaville
_________________________________
This is not financial advise. No one pays me to say or post anything.
Currently I hold 20% of my original bag bought at 56c. Got lucky and sold 80% at 6% profit prior to the SEC news.
So can we say that effectively it would be like Nvidia selling a digital chip that you can buy, saying it's value comes from the utilization of the chips, but still you won't own a chip nor will you own a stock or any piece of anything for that matter.
On top of that, Nvidia holds and owns all digital chips.
RIGHT. NOW, keep in mind that the gaming industry buys THE ACTUAL HARD CHIP, not the digital one, because they have no use for it. YOU, however, buy the DIGITAL CHIP. Being convinced that it has "real utilization and value" and is related by being a reflection of the actual hard chip.
Now back to ripple- every time they need to fund a project (or become billionaires), they simply sell bunches of xrp whilst telling everyone else to hodl. As the creator of ADA and the SEC pointed out. Basically stealing or "creative entrepreneurship", as ceo of ada calls it. (Check it out on his twatter page, he released a 20min video about it).
Then at a point, the community (those with brains) starts realizing and complaining. And so escrow is created and Brad promises to buy back in order to encourage the price. This is nice, thanks Brad. But should the XRPCommunity forget and forgive years of extreme market manipulation because you said "sorry, I'll stop" ? He even hired Elon Musk for a day to help XRP get TO THE MOON. Not kidding, this really happened.
Furthermore.. the SEC should have stopped this YEARS ago. Why now, when you were all having Hennessy together at the World Economic Forum meeting? And note that ONLY Brad was there. Not ada, not eth, just ripple. In fact, Brad is on the board of directors at the World Economic Forum. So the guy's got contacts and he's all the way up. That leaves 3 options :
1) XRP will crash to 0 and the Flare airdrop was investor's remuneration, Jay Clayton is helping Brad achieve this
2) JC is simply assisting with even further xrp manipulation to create a beautiful entry point for extremely greedy whales
3) Everything is peachy- there is no such thing as greedy mongrels' or market makers and JC is picking on poor ripple because they are so awesome and they are a threat to banks.
(NOTE that Ripple is a partner with the WEF, so that is automatically ruled out). And if you don't want to believe the the IMF has anything to do with the WEF, just look at who attended the meeting and the topics discussed. The WEF is NOT doing ANYTING out of line with he plans that the IMF has.
This is my fundamental analysis. All of the above said - you have to come to your own conclusion. Investing in an unregulated market is beyond risky. I'm open to a factual discussion about points above mentioned. I am mere mortal and might have missed something.
Attached was an idea a posted a while ago about the value I believed XRP had/has
BONUS SECTION
It has been noted that there's been repeated editing on Ripple CEO Brad Garlinghouse’s Wikipedia page to remove some "less positive" aspects. The "Controversies" section includes the fact that CEO Brad claimed multiple times that the published error rate for SWIFT messaging was at least six per cent (a claim that has been proven to be false), the fact that he’d been personally named in a group of class actions against Ripple, claiming the company breached various securities laws, AND the fact that he admitted, without sales of the XRP cryptocurrency, Ripple would be making losses.
credits - FT Alphaville
_________________________________
This is not financial advise. No one pays me to say or post anything.
Currently I hold 20% of my original bag bought at 56c. Got lucky and sold 80% at 6% profit prior to the SEC news.
