joeyjojoshb
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Activity: 42
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May 26, 2017, 02:42:59 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell This is huge. They do a 1/4 Trillion dollars of money PER DAY. This is the BANK OF CANADA. This is basically a country trying the technology and saying NO. NOT GOOD. SELL SELL SELL SELL |
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streamliner
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Activity: 21
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May 26, 2017, 03:00:10 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell This is huge. They do a 1/4 Trillion dollars of money PER DAY. This is the BANK OF CANADA. This is basically a country trying the technology and saying NO. NOT GOOD. SELL SELL SELL SELL How long does it take to send and receive money from Canada to say Malaysia and vice-versa? If it takes longer than 5 seconds, the need will still be there that XRP can solve. Also, although it will be nice to have banks' support, there is also the general population that can use XRP without banks. So demand for XRP will still be there. If your logic of a bank not accepting the technology (yet) is a call to sell, then you should sell all your other cryptocurrency holdings as well for the same reason. |
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negomarkett
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Activity: 78
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May 26, 2017, 03:03:04 AM |
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XRP = 12K NICE  |
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groko271
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May 26, 2017, 03:03:57 AM |
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this bad news just resulted in a 18% jump........ hope there's more bad news soon. or perhaps I could keep ignoring the haters and hypers  |
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blackhawk101
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May 26, 2017, 03:04:26 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell This is huge. They do a 1/4 Trillion dollars of money PER DAY. This is the BANK OF CANADA. This is basically a country trying the technology and saying NO. NOT GOOD. SELL SELL SELL SELL
HMMM... MAYBE THEY NEED TO TRY RIPPLE?
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vanhalendlrband
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May 26, 2017, 04:08:13 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell If you're Canadian you know this is how typical Canadian government runs. Nothing not even life-saving medications are approved first go around with Canadian governments. The Bank Of Canada is also the center of a lot of controversy and like most Canadian government organization they're very slow and behind the times always. Guaranteed they will adopt it at one point. This is always how it works here. Not at all a shocker to me. I'm sure they let everyone know by telegraph too. |
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streamliner
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Activity: 21
Merit: 1
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May 26, 2017, 04:35:33 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell If you're Canadian you know this is how typical Canadian government runs. Nothing not even life-saving medications are approved first go around with Canadian governments. The Bank Of Canada is also the center of a lot of controversy and like most Canadian government organization they're very slow and behind the times always. Guaranteed they will adopt it at one point. This is always how it works here. Not at all a shocker to me. I'm sure they let everyone know by telegraph too. Thanks for the insight for those who have not been to or does not know much about the Canadian way of doing things. This is really helpful. I was kind of asking the question in the back of my head: How come Japan says it can work but Canada says it can't.. surely it would be possible for Canada too.. |
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Pzest1
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Activity: 89
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May 26, 2017, 05:33:29 AM |
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Oh thats bad news ripplers! other banks will still take interest in the news. Take advantage of the slight pump today and sell sell sell! others will be! All alts are up due to bitcoins drop so dont be silly this time around, pick your point and then SELL SELL SELL, especially on the back of that news!!...its already starting to take a downward tumble  |
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Mrpumperitis
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Merit: 1075
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May 26, 2017, 05:39:13 AM |
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was wondering where you were..you took your time didnt you...as usual captain H one bank saying they wont use blockchain tech doesnt mean xrp is over lol if it does dump....ill be buying as i just see this as fud. |
Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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Pzest1
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Activity: 89
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May 26, 2017, 06:25:55 AM |
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hmm why will all banks take notice when another looks at ripple but when its one major bank that doesnt no others will take interest. Like it or not, Canada is not small and other banks will keep a keen eye on it.
The smart people will cash in now and ride BTC back up, i told them they should of done that over a week ago and they could have doubled their XRP supply for this ride. The ride is nothing more than what we see each time BTC dips, so be careful especially when there is no positive news and any news they threw at it did nothing for a week so be very careful of that building bubble!
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bitcoinsay
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Activity: 434
Merit: 255
Presale starts on 28th of April!
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May 26, 2017, 06:43:12 AM |
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ETH/BTC is rising Ripple of thought. Is There always such a proportion ?
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vanhalendlrband
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May 26, 2017, 07:08:23 AM |
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hmm why will all banks take notice when another looks at ripple but when its one major bank that doesnt no others will take interest. Like it or not, Canada is not small and other banks will keep a keen eye on it.
The smart people will cash in now and ride BTC back up, i told them they should of done that over a week ago and they could have doubled their XRP supply for this ride. The ride is nothing more than what we see each time BTC dips, so be careful especially when there is no positive news and any news they threw at it did nothing for a week so be very careful of that building bubble!
I explained this a couple posts above. I'm from Canada. Canadian government will most likely keep testing this until they approve it. They always reject things at first even life-saving medications as I said above even if its passed in the states Canadian Government feels they are more strict than American. And that goes for this too. Give it another year or so when all the other banks are on board and someone blasts them in some article about being behind the times...again, then we will see them get on board. We are talking about a country here that makes sure radio stations play x% of Canadian content as well as Canadian TV channels. Canadian government is very controlling, we are still fighting for the ability to pick and choose our TV channels outside of a pre-picked package by the cable companies. Also because of current laws we currently have the most expensive internet and phone data plans on earth due to how behind the times our government is here. A common data plan around here is 500 megabytes, not even kidding and don't ever go over that 500 megabytes or you get dinged several hundred dollars on your bill. The CRTC most recently passed a motion that Canadian Networks could no longer play their own commercials during the Super Bowl (mostly because imo they just rebroadcast another networks show and rake in the advertising which most Canadian channels do for every American TV show which is some pretty easy money). Think about that for a second thought in regards to blockchain. How controlling and strict as well as bein always behind the curve. They control everything down to what commercials are played and not played. Not to mention several American channels are never able to be approved unless an overwhelming amount of people request the channel (and that's for all cable companies they can only carry certain channels, for example no company could start up and offer all American channels and no Canadian ones) This is no surprise at all they will be behind the curve as well when it comes to blockchain. They will keep testing it and as soon as they see other people do it and it starts making them look like idiots THEN they will adopt it. Watch it will happen. |
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vanhalendlrband
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May 26, 2017, 07:11:38 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell This is huge. They do a 1/4 Trillion dollars of money PER DAY. This is the BANK OF CANADA. This is basically a country trying the technology and saying NO. NOT GOOD. SELL SELL SELL SELL Its all politics here after giving this another read over. Bank of Canada doesn't want things to become decentralized. That would render them useless. They are after all a CENTRAL BANK. lol the thing is soon they won't have a choice. And that's what usually happens with Canadian government as well. Pushed until they don't have a choice. When they realize they're wasting money they will come crawling back |
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AmarO
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May 26, 2017, 07:19:01 AM |
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Sell
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Pzest1
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Activity: 89
Merit: 10
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May 26, 2017, 08:02:35 AM |
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yup, regardless what the long term holders and believers think of me i hope there is some people that listen. They have thrown good news at it for a week and it did nothing but go down. Suddenly BTC drops and XRP goes up, thats NOT what you want to rely on for a coin and is dangerous to buy in in that case unless you plan to get out quickly.
Now XRP dropping while BTC is going up, if thats not a sign of whats happening and that you can jump on BTC and ride it up and make more. Hell even if you want to jump back on XRP after you have made more than do that but you can be making money or more XRP by dumping XRP before it drops back to where it was and ride BTC back up!! Sell Sell Sell!!
Holders are great but those that make moves daily are the winners....
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vsyc
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May 26, 2017, 08:12:55 AM |
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I am lil fucker that buys XRP!!!
Yee lil troll! |
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vsyc
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May 26, 2017, 08:20:50 AM |
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daaaamnnnn may need to delay left for time being... i just saw this a few min ago https://www.reddit.com/r/Ripple/new/https://ca.investing.com/news/stock-market-news/bank-of-canada-says-won't-use-blockchain-for-interbank-payment-system-126381By Solarina Ho TORONTO, May 25 (Reuters) - The Bank of Canada said on Thursday that its experiment with blockchain, or distributed ledger technology, showed it is currently not compatible with operating the country's centralized interbank payment systems. The Bank's conclusion, published in a column in The Globe and Mail newspaper, comes after a year-long experiment in partnership with Payments Canada, which is responsible for the country's clearing and settlement infrastructure, and Canada's largest banks. "The bottom line is that a stand-alone DLT wholesale system is unlikely to match the efficiency and net benefits of a centralized system," wrote Carolyn Wilkins, senior deputy governor of the Bank of Canada, and Gerry Gaetz, Payments Canada president. "At its heart, there exists a fundamental inconsistency or tension between a centralized wholesale interbank payment system, as we have now, and the decentralization inherent in DLT." Payments Canada clears a daily average of more than C$175 billion ($130.42 billion) through the wholesale interbank payment system, which is overseen by the Bank of Canada. Blockchain, the technology that underpins digital currencies such as bitcoin, is a distributed record of data or transactions maintained by a network of computers without the need for approval from a central authority. this isnt the end...its just one bank saying they wont use blockchain for time being... again research and decide your next move carefully guys... hopefully some good news will come aswell Has nothing to do with XRP as such and its not like we were expecting them to do that any time soon, do not see why should impact on price. |
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vsyc
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May 26, 2017, 08:24:40 AM |
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it will be a good sign if we get into 11-11.5k satoshi in 8 hours
Any explanation about this mate? Is there any movements that will happen if in case we past that amount within 8hrs im just curios to know whether there would be another pumped to happen after breaking that margin. There was resistance, and graphs were showing support to go up, also market capacity fell 15B which was a sign that some traders going to re-distribute their fiat. Moreover, trolls were silent! |
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vsyc
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May 26, 2017, 08:27:26 AM |
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Back to 0.30, lets see if can keep support and go to 0.32 some time this evening tomorrow morning.
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nelson4lov
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May 26, 2017, 08:53:54 AM |
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Back to 0.30, lets see if can keep support and go to 0.32 some time this evening tomorrow morning.
Not bad for a Coin that went from a $1.5B marketcap to a $17B marketcap & currently sitting at $11B Marketcap. Ripple will go up again soon as there is still room for growth. Although I'm a bit skeptical about Ripple because of the number of coins in circulation and those in reserves. |
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