RE: RIPPLE (XRP): Don't Confuse the Trees for the Forest!! Target $4.11!!!
It just flies in the face of logic, though, does it not? Sell 1%, pocket the profits, and crash the value of your remaining 99%. Remember - they're inside the banking fraternity, so the Ripple team can almost certainly borrow fiat against their XRP holdings, any time they like. Crash the value of their holdings, and their ability to borrow is instantly reduced.
I accept they MIGHT do this, in a very small way, very occasionally (though I struggle to see why) and this MIGHT cause a dip in price, but every crypto - indeed, every asset - goes through peaks and troughs. It's just part of the game, so where's the difference?
For me, this coin has a strong use case, with powerful backers, and an end result of lower transaction costs for trans-national banks. They face regulatory hurdles, but for a strong enough case, regulators bend to what banks want anyway.
I like ripple , only reason i am not in it ,is because it is centralized .
Btw banks wont use this coin . They only want to use the network .
You're right - the banks are only using the underlying network and protocols