Why does everyone hate Ripple XRP?
Since I got into buying crypto, I've noticed that most people in the community have a pretty strong stance on Ripple. They're either behind it or they hate it. I came into the game when Ripple was sitting at .24 USD (I know I should be thinking satoshis), they told me "don't touch it" and now it rose right up to $1USD before dropping back to around .90 USD. Even in rising over 4X , all I would hear is "about to sell now", "probably going to sell soon", etc. With Ripple being a bank backed blockchain solution for global payments, why would everyone bet against it? What is so unreasonable about Ripple and a possible rise to much higher price?
Also.....Should I sell?
Its because Ripple is different from any other cryptocurrency in the market. It is a closed blockchain. Ripple is a blockchain mainly for banks. They have majority of the control over the XRP.
But I believe they have great potential and is expected to rise above US$5 in the next year!
I didnt realize it was a closed blockchain, nor that they control the majority of the coins in circulation.
Thank You!! Fingers crossed!
Congratulations @badtaste! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP