In general, what happened in the last few days. I came across XRP, thought it was cool and all that. Then I searched and studied other crypto and realized that it was interesting. I registered on Binance.
I bought 10USDT via P2P. I looked at it for a long time, thought about it, and bought ALGO for $3, VeChain for $4, and with the last crumbs I bought XRP and some other nonsense. I bought XRP at $2.59, watched it from time to time and realized that if you look at money for too long, it will drive you crazy.
XRP fell, panic started, I managed to sell it at the lowest price - $2.29. I got rid of Iris Coin because I found out that Binance was liquidating it from the market.
I realized that XRP is a real scam. And all crypto is like that, speculation after all. XRP is more of a bankers' project than a crypto. Other coins can be bought from users or mined yourself. And XRP... It's a deflationary toy for bankers who own most of the coins.
At launch, 100 billion coins were "printed", of which about 80% belong to Ripple Labs. The result is that they squandered $1. Most of the XRP fans, in my opinion, are a bit "that" - crazy. Although, if you think about it, big profits can also drive you crazy. In any case, it reminds me of crazy people around financial bubbles. #xrp $XRP
share your opinion on which currencies you invest in, how you trade long-term or short-term, maybe scalping? I believe that besides a couple of altcoins, most have a tendency to fall, as many do not have any functionality, sometimes they provide gains and spikes, sharp growth, after which they fall. When choosing a currency for long-term investments, you should pay attention to the project's usefulness, the team's work, and a number of other factors. What do you think? #BTC #ETH #Altcoins
Well, it seems like some kind of Standard Chartered Bank that has shareholders like BlackRock and Vanguard Group. Really questionable thing, XRP #xrp
AntiSkam
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By investing money in projects like XRP, people jeopardize the entire concept of the crypto market.
1. To start, let's break down the goal of XRP — to become a mediator for fast, cheap, and efficient cross-border payments, providing liquidity between different currencies and facilitating interactions between banks and financial institutions. In other words, it was created to improve the already EXISTING BANKING SYSTEM, it does not bring anything new.