Ripple announces XRP lockup, locking up as many as 88% of its current XRP.

[smartbitcoininvestor]

Is it a good time to sell XRP?

[andyatcrux]

Is it a good time to sell XRP?

Look, XRP could go to 500 Billion marketcap. It is centrally controlled and can be manipulated to great heights. But the higher it goes the more likely FinCEN or the SEC steps in. Ripple already got in trouble with FinCEN and may be violating their agreement. The bottom could drop out any time. Aside from that XRP holds no real value. It isn't even being used by Ripple anymore. https://ripple.com/files/ripple_solutions_guide.pdf

It is sucking the capital out of decentralized projects and it is doing a fantastic job of it. So is it a good time to sell XRP? In my opinion, yes. You may then be able to live up to your "smartbitcoininvestor" namesake. If you stay in XRP maybe you will make a lot more money than you can rename yourself "luckyshitcoingambler"   

In the end only you can decide what's best for you. Good luck.

[xFiber]

This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.

This is hilarious.  

A centralized entity ..a corporation says that and you think it's good ? WOW  

Since they decided to do what ever they want when ever they want.. what is stopping them from uhh
Doing what ever they want when ever they want ? ahhahahhahaha

In other words taking their word for things or trusting them is utterly pointless beyond comprehension.

Bruh.. This was sarcastic as f*ck. I really do dislike ripple and I advise people to stay away from it. Ripple is just the banks adapting to crypto something we should avoid at all costs.

[NaXxow]

It is a well planned strategy, it is easy for them to make such announcement and make another steps in order to win. They already surpassed ETH in just couple of days. I think they scheming something, I hope it is for the better.

[mobnepal]

Is it a good time to sell XRP?

I have already sold half so that i will not be late to grab all my profit but still holding half of it because despite all the fud around xrp I think it will grow little more before crashing. Charts still looks promising and we may see few more pumps before a  series of massive dump.

[Geenstijl]

Founder of Stellar owns 5.3 billion XRP. Very nice coin! Not centralized whatsoever.

https://steemit.com/altcoin/@moneyfornothing/jed-mccaleb-richer-than-satoshi

Feel free to share!

[bbc.reporter]

This also shows the centralization of Ripple. They have just decided how to release the rest of the coins and have shown the they have full control without the need to ask for anyone's suggestions. No community discussion was done. That might be bad because in a worst case scenario they will be able to change the transaction history with out your consent.

[Spoetnik]

This news is a smart play by them.
Will arm the fanboys with something to argue about.
Now that it's already pumped they don't care.. they will freeze it for a while.
Then if the change their mind later.. they can.

They hold all the cards and make all the rules and get all the money.

I am surprised they managed to climb out of the bad rep they started with.
It took them years though with a few new generations coming in to do it.
Luckily for them each new generation that comes in cares less and less about ideology
and more and more about ROI'z.

Which is playing out exactly how Ethereum did.

And so far i have seen the ETH shills come after Ripple.
So we have two horrible bullshit ICO shitcoins battling it out here now.
For greedy profiteer day trader money.

What will happen i have no idea (market price wise) ..it will be amusing i bet though.
There has to be some dumping obviously but how much i don't know.

I would advise traders to be smart.
Don't get greedy.. dump before those whales do (on you)

[shyliar]

They have released 2302277383 more ripple since Christmas, likely taking in over 40 million dollars.

December 25, 2016:

http://coinmarketcap.com/historical/20161225/

Today:

http://coinmarketcap.com/

They are keeping 12 percent unlocked representing  well over 7 billion ripple that could be released next week. The locks expire regularly with over 1 billion more ripple eligible for release at each unlocking.


Not sure why anyone thinks this is great news.

[olubams]

All these strategies from what I can see is a means of desperation and even an open declaration of the manipulation of price which is what is geared towards. If XRP is living up to the hype then controlling the market so openly is not the right way to go and its even a means of short term cushion effect which means I could just decide to dump everything I have own since the artificial scarcity will increase the price per unit.

[bbc.reporter]

Is the Ripple platform really adequate enough to handle the majority of the banks' transactions? I saw a video on youtube.com that featured Peter Todd, one of the popular contributors in developing bitcoin, say that Ripple has technical limitations and cannot reach consensus efficiently. I will post the video in another thread so that we could all discuss it there.

[PanneKopp]

Ripple can produce XRP out of thin air,
last time they did it,
was 333 Mil. tokens in january,
so why shouldn´t they "lock" them,
to drive the price up.

 

[God27]

Ripple can produce XRP out of thin air,
last time they did it,
was 333 Mil. tokens in january,
so why shouldn´t they "lock" them,
to drive the price up.

 

Hahaha the last time they "did it" was this week. And it's going to happen again next week, and the week after that. Maybe a lil extra the week of Christmas. You know for some tax writeoffs.

This old and drawnout topic about ripple's distribution of its 100 billion XRP created at the genesis ledger by Jed is  like having the birds and the bees conversation with a new kid every day.

Don't ask me for the genesis ledger, i don't have it.

[bbc.reporter]

Ripple can produce XRP out of thin air,
last time they did it,
was 333 Mil. tokens in january,
so why shouldn´t they "lock" them,
to drive the price up.

 

Get your information and details straight. Ripple cannot produce XRP out of thin air. They already created 100 billion XRP from the beginning and released 1/3 of them. If they decide to release more then it will come from the 100 billion they already created not from thin air.