Because it's hype "Ripple are growing, let's buy it!". At least a half of trades in cryptoworld are made for this reasons: somebody start screaming and the herd is bringing their money to the traders.
Agreed. So how the world goes, the same situation are happening at the real market of shares and stakes. It's always about a hype nowadays and it's sad.
History is littered with pyramid / ponzi schemes.
The perversion of the world of Altcoin is a perfect example.
Few if any of these people are aware of past scams.
MLM's and various other schemes were huge far before this crap came along.
Whats sad and stupid is the idiots here don't know and don't care even when they are told their ponzi pushers.
They simply count their money and say hey, i got cash so it can't be bad.
WRONG.
Idiots in crypto are oblivious to the fact that Bitcoin was created precisely to avoid scammy garbage just like Ripple.
And buying XRP coins for BTC profit is the same as SUPPORT.
"Crypto" is dead.
It's a joke.
It's a shell of what it once was no matter how many more people show up pushing BTC higher in FIAT price.
The whole who cares buy anything to get more profits attitude killed it dead.
There is no going back once the greedy bottle was opened.
Crypto proved nothing more than the undesirables will flock in taking it over.
People started this over ideology and that was shot and pissed on to further support for shit coins.. and FIAT.
The question being answered on this topic here shouldn't be why is the price high..
The question i am wondering is why the fuck would you all care ?
If it's bad then it should die.. but it doesn't does it ?
You all line up to bad mouth it.. then tell us all how much money you made off it.
