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2087457 No.2087457 [Reply] [Original]

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

LOCK UP IS OFFICIALLY CONFIRMED

https://twitter.com/Ripple/status/864512213289123840

IF YOU DIDNT BUY XRP YOU ARE FUCKED RIGHT NOW I CANT BELIEVE THIS IS HAPPENING

>> No.2087478

do not listen to those telling you to sell, this is the most potent moon mission yet

>> No.2087499

mind explaining to me wtf this means?

>> No.2087511

holy shit this is huge

>> No.2087512

>>2087499
the biggest concern with ripple was the amount of XRP held by the devs (55 BILLION) which has just been announced to be locked in an escrow by the end of 2017. Thus limiting the circulating supply to what it currently is.

>> No.2087514
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2087514

>>2087457
That doesn't mean it'll be that way forever, it just means that once one of those contracts are fulfilled or "certain conditions are met" they can and will release Ripple that'll flood the market.

This lock up means literally nothing and a ploy to sucker you in.

>> No.2087518

>tfw 300 xrp

How fucked will my emotions be?

>> No.2087525

>>2087499
>Devs have most XRP
>Devs swear they won't sell it.
>Likely will follow this considering they won't want to damage their reputation with all their institutional partners

>> No.2087528

>>2087512
still don't get it

>> No.2087530

>>2087518
I have 2k xrp and I'm platinum mad

>> No.2087970

If you want to play the Crypto Game on the next level, add me on skyle: CryptoAnna

>> No.2088021

>>2087514
>That doesn't mean it'll be that way forever, it just means that once one of those contracts are fulfilled or "certain conditions are met" they can and will release Ripple that'll flood the market.
>This lock up means literally nothing and a ploy to sucker you in.

I know, right. These XRP aren't "burned", they're put in the equivalent of a storage locker.

What these shills fail to explain or apparently understand is that none of this thin air XRP ever were in circulation. Ripple is not "buying back" XRP, taking it out of circulation.

Nothing is intrinsically gaining value due to any real scarcity.

But don't even try to explain this to euphorics

>> No.2088029

>>2088021
"Devs lock up $14 billion" which by the time they're able to take it out will be worth even more and be dumped even harder

>> No.2088040

>>2087970
you a grill?

>> No.2088055

>>2088021
>>2088021
/thread

>> No.2088130

i dont know whos the bigger retard

all these morons who cant wrap their head around ripple

or me for not going all in when I was buying for 16 cents a piece

>> No.2088268

>>2088130
you

>> No.2088442
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2088442

>>2087530