- Fiat currency allows central banks to print money.
- Cryptocurrencies allow anyone to create new units of currency.
- Bitcoin, on the other hand, has a fixed supply, which means that no one can create new units of the currency.
fixed supply is a myth.
control today 51% of hashpower and you can add any supply you want.
from 2025 PoW will be ilegal in EU so it will be even easier to manipulate bitcoin
Interesting, what are your short/mid/long term price predictions regarding XRP?
Don't get me wrong i'm not a fan of XRP at all.
Charts basicly say from today we will see a x10 in XRP in next 4-12 months
Knowing that CBDC's will be announced arround october it makes full sense as XRP is going to be used high probably as blockchain for these CBDC's for many countries like singapore.
However it will fail because thats the plan.
There will be 2 monetary changes.
First one we will go to CBDC's which will be backed by nothing and which can be inflated unlimited.
Once this ones fail (3-5years) after implementation they implement a second final new monetary system.
Which will be virtual money provided by IWF via SDR linked to gold so the minting is limited and with high negative interrest rates.
It will be a completly new monetary system which will switch from inflationary to deflationary.
Thanks to that system saving money will be much much more difficult and thats the reason why gold will explode in the end because you can't put negative interrest rates on physical gold.
Yah, being biased due to that is often the case. xrp is not alone with that trend either. Most if not all altcoins trend this exact same way.
well, ripple the company might be ok and could be an interesting play. But the tokens are worthless, they represent nothing, no stake, no right to ownership of the company, no dividends etc, no binding voting rights (sometimes you can vote like in arbi, but the vote doesnt count) are just a way to create exit liquidity for the insider team.
ripple had a very long accumulation phase and its basicly done deal for being blockchain of some CBDC's.
Same with algorand thats why its votality is so extremly high and its price even under 1/5 of ito price.
But you are fully correct these coins represents nothing in reality.Won't change the fact people will hype it up.Same as dogecoin and every other shitcoin
Remember banks see it as a good way for quick income.
And what does banks do when they bring something to the market.They hype it to the moon to distrubute it and take profits from buyers at high prices.