Ripple definitely has a lot of red flags. I wouldn't touch this with a 10 foot pole. Hopefully this is a gateway into better coins. I think we are starting to see dumb money enter the market. Keep your eye on the good projects.
Agreed. It is not a crypto-currency. It is a token issued by a company and it has no association with company's valuation. I hope people understand before getting burnt.
Right on @bitcoinflood. Originally I was thinking it was more of a smaller group of investors putting together backing the surge in value, but the more and I more I think about it is 10-12 heavyweights that are buying into this, running it up, hoping there will be a flood in and re-evaluating whether to be monster holders or casual flippers. A lot of Wall St/establishment backing this run too. I too worry that this becomes centralized in the least bit. Great comment @bitcoinflood!
I agree. Bum also wondering what will happen when people realize there are 60 billion more coins locked up that are not being taken into account for in the total market cap. Also what happens when they decide to unload all those coins? They say they will only release a few at a time but what if they change their minds?
Exacly, its the total opposition of the whole cryptoworld idea. It just shows that people dont totaly understand what cryptocurrencys are trying to achive. They just see some profit...
If you want to invest and learn Crypto's?
@haejin and/ or https://www.cryptosclass.com/
Ripple definitely has a lot of red flags. I wouldn't touch this with a 10 foot pole. Hopefully this is a gateway into better coins. I think we are starting to see dumb money enter the market. Keep your eye on the good projects.
https://steemit.com/steem-network/@bigcripin144/thank-you-steemit-to-all-who-love-steem-hit-upvote-why-just-steemit
Agreed. It is not a crypto-currency. It is a token issued by a company and it has no association with company's valuation. I hope people understand before getting burnt.
Right on @bitcoinflood. Originally I was thinking it was more of a smaller group of investors putting together backing the surge in value, but the more and I more I think about it is 10-12 heavyweights that are buying into this, running it up, hoping there will be a flood in and re-evaluating whether to be monster holders or casual flippers. A lot of Wall St/establishment backing this run too. I too worry that this becomes centralized in the least bit. Great comment @bitcoinflood!
https://steemit.com/steem-network/@bigcripin144/thank-you-steemit-to-all-who-love-steem-hit-upvote-why-just-steemit
I agree. Bum also wondering what will happen when people realize there are 60 billion more coins locked up that are not being taken into account for in the total market cap. Also what happens when they decide to unload all those coins? They say they will only release a few at a time but what if they change their minds?
Exacly, its the total opposition of the whole cryptoworld idea. It just shows that people dont totaly understand what cryptocurrencys are trying to achive. They just see some profit...