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Originally Posted by LVpokerPRO
Just bought 50 lite and 10,000 xrp
I kind of liked xrp when I used it. It was different. I don't like the whole agreement they made with their past owner Jed, and the fact they have 30 odd billion in circulation, yet hold 60 billion themselves. They had the same amount in circulation years ago. At what point are they going to put more into circulation? XRP has had a history of bubbling and busting, don't see why this time would be any different. It has no liquidity which is why it bubbles so easy. With volumes up, Jed gets to sell more on a daily basis, I think him alone will be enough to keep XRP from running to the upside then people will get bored with it and it will begin it's run back to the ground as Jed continues to sell his max allowed each day.
They should have just let him unload along time ago, now they've made him millions and millions of dollars by making him hold.. WTF?
As for litecoin, I don't like the high 10% inflation rate for the next 3 years. Then it will halve, but all the other coins will still have lower inflation rates. Bitcoin will be down to 1.7%. Who wants a high inflation coin? I don't see it going anywhere, another bubble and bust.