JP Morgan Coin only created to dump XRP price?

[jameshugo17]

The name JP Morgan goes through a lot of manipulation. I'm being careful. Xrp has made a lot of deals recently. I think it will come at higher prices.

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[moonblocks]

This sounds more like a conspiracy theory rather than anything based on fact because JPM coin is using a private blockchain designed for a similar purpose to Ripple's but aimed at a different market, and there's no real competition between it and the XRP currency so it's unlikely this was the reason

[vixcious]

consider the following:

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

Tin foil hat posts are allowed in this thread - don't forget JPM spread lies about Bitcoin in the past.

I think this strategy will not affect the price of XRP too much. All such FUDs have happened too much and the investors have experienced this.
XRP has been around for a long time in the crypto market and JPM is just a new altcoin. It needs a big community before it wants to fight XRP.

[pamsugas]

This sounds more like a conspiracy theory rather than anything based on fact because JPM coin is using a private blockchain designed for a similar purpose to Ripple's but aimed at a different market, and there's no real competition between it and the XRP currency so it's unlikely this was the reason

yes i agree with you ..
jpmcoin was created using the own blockchain  so there is no competition between jpmcoin and XRP. I think jpmcoin will be easy to develop and can be equivalent to XRP

[zhekinsp]

This sounds more like a conspiracy theory rather than anything based on fact because JPM coin is using a private blockchain designed for a similar purpose to Ripple's but aimed at a different market, and there's no real competition between it and the XRP currency so it's unlikely this was the reason

yes i agree with you ..
jpmcoin was created using the own blockchain  so there is no competition between jpmcoin and XRP. I think jpmcoin will be easy to develop and can be equivalent to XRP

So when we have both coin with the same capabilities it will result us to be in loss with one coin right so that conspiracy theory looks acceptable as well.

[Vit83]

IMHO JP Morgan don't need XRP at all. If they will create a real coin with their real user base, this can make XRP useless. They don't need to own XRP to make a short trade in margin section) 

[Febo]

JP Morgan want to buy a large amount of XRP. To make more profit JPM first "created" the JPM Coin and spread FUD (JPM Coin = XRP Killer) so that XRP price goes down and JPM can buy XRP for a cheaper price. The JPM Coin only has this purpose...

thoughts?

No one wants to buy XRP. Everyone that got it for free just want to sell it.

With this speculation from people, I am still not seeing a negative effect on XRP.
Instead, it's stable now and still hold a good ranking in the market, we might not like XRP but it has proven to be worthy to invest in this coin.

How can be worth to put money in something worthless that will cost nothing?