Thread: Money Bitcoin Take?
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Old 12-29-2017, 10:29 PM   #1075
Taco John Taco John is offline
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Join Date: Jun 2001
Casino cash: $617937
Quote:
Originally Posted by Jewish Rabbi View Post
The biggest innovation of Ripple is the supply being so large that the unit price stays cheap. Tricks all the dumb money to buy in.
Ripple owns 60 percent of the supply. That's 60 billion dollars. Correction, now it's 120 billion after this weekend. I don't know this for sure, but my business partner and I think that they are going for a 1 Trillion dollar valuation for that pile of coins and be the whale in the market that keeps it stable.

I don't expect it will happen overnight because they need stability in their system. It will happen in progressive increments on Fridays and holiday weekends like what happened today.

(just my opinion. Not financial advice)
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