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Red-Apple
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February 26, 2019, 10:39:27 AM |
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haha, it was a funny conspiracy theory.
but it is obviously not true. these things are only act as excuses for the whales to dump some altcoin (shorting it while they are doing it) so that they can make a huge amount of money. otherwise coins like XRP are too small for JPMorgan with their money and the level they are at.
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--signature space for rent; sent PM--
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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bartolo
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February 26, 2019, 11:00:43 AM |
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If they wanted to dump XRP price they would have many ways to do it, they would not create a coin for that purpose risking their reputation. There are many reasons for them to create their internal coin, dumping XRP is not one of them.
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posi
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February 26, 2019, 11:29:19 AM |
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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.
OP definitely misunderstand the concept behind the two mentioned coin creation cause XRP was created for the purpose of security(which is why some banks and company joined their network) and payment while JPM coin is a stable coin and it was created for the ease of JPM customers/users. However, OP was not the first person to assume . |
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suzanne5223
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February 26, 2019, 11:48:27 AM |
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Firstly, I really respect JP Morgan for the creation of their own crypto currency which was created aide instant international payments for corporate, uncoporate personal and effective services of the JPMorgan stores as said by the JP Morgan blockchain department.
Nevertheless, the reason why people think JP Morgan coin will destroy XRP was because JPM makes daily transfers of more than 6 trillion dollars worldwide while XRP network make max of 1.2million transaction per day and JPM coin could be the coin which amazon may use in the future.
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omone1
Member
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Activity: 843
Merit: 52
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February 26, 2019, 12:33:04 PM |
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No, only newbies who don't know Dimon Jamie's antecedent will believe him to be able to kill ripple and they will hurriedly sell off their coins. I am yet to see or read JPM coin whitepaper, before I can draw my conclusion. One really need to be-careful when a cruel banker is moving to a decentralized system that he is openly against.
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premiumproductss
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February 26, 2019, 01:06:52 PM |
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As Anthony Pompliano (big crypto influencer) said that JPM Coin is a coin created only for money laundering. And if you think about it, then it makes a sense.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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February 28, 2019, 09:38:16 PM |
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JP Morgan Coin only created to dump XRP price?
They made token to sell it to suckers. Yes same suckers that are buying XRP. There are plenty that have no ideas why decentralized internet money is so powerful invention and are just throwing their wealth to database tokens liek ripple and jp morgan coin. |
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Lumberjack1935
Member
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Activity: 105
Merit: 10
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February 28, 2019, 11:48:17 PM |
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JPM bought huge amounts of XRP? It's hard to really comment on the real interesting of this group, but I think XRP is ready for any situation, this coin community is extremely strong, you should not underestimate them.
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sweetbet
Full Member
Offline
Activity: 961
Merit: 110
SweetBet.com
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March 01, 2019, 12:22:29 AM |
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The JPM coin is only useful for the transfer of funds between JPM accounts. It cannot transfer funds between accounts in different institutions. XRP on the other had, may be used to transfer funds between accounts in different institutions.
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Farahtenan
Member
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Activity: 420
Merit: 10
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March 01, 2019, 08:34:57 AM |
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JPM bought huge amounts of XRP? It's hard to really comment on the real interesting of this group, but I think XRP is ready for any situation, this coin community is extremely strong, you should not underestimate them.
JPM is only a personal coin not for the public, ownership is limited and will not expand. I think XRP will not stop just because of JPM but will continue to develop well, XRP is better prepared and has a future. |
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neonshium
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March 03, 2019, 05:34:49 PM |
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With JP Morgans anything and everything is possible, I don't think this guys in the first place decided to create their coin because they now see what crypto holds and they don't want to miss out, but they created their coin because they know that the kind of influence they currently have in the world can actually get them to a stage where they can make a lot of profit from it. This are business man, they only care about how they make money.
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mdzahed134
Sr. Member
Offline
Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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March 03, 2019, 05:55:08 PM |
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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.
When JP Morgan officially announced he will be create own cryptocurrency that time i thinking after JPM coin entering in the crypto market it's absolutely right JPM coin manipulating other billion dollar marketcap coin like Ripple (XRP), EOS even Ethereum. But i have no idea why he want to buy large number of XRP coin what is the main reason in behind the scene. |
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sana54210
Legendary
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Activity: 3178
Merit: 1128
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March 03, 2019, 06:33:01 PM |
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JPM bought huge amounts of XRP? It's hard to really comment on the real interesting of this group, but I think XRP is ready for any situation, this coin community is extremely strong, you should not underestimate them.
JPM is only a personal coin not for the public, ownership is limited and will not expand. I think XRP will not stop just because of JPM but will continue to develop well, XRP is better prepared and has a future. XRP team are quite strong and working hard to keep the project moving forward, so it will be quite hard for JPM to affect XRP permanently even though it is possible to see its little effect on it by forcing XRP to go on Bearish market since the author claim that J.P.Morgan has decided to come into XRP market as a whale but it is only a matter of time before XRP picks up. As a trader, I will still take advantage of both situations. |
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michael23
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March 03, 2019, 10:47:06 PM |
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I do not understand why this coin was created. Especially if she was already somehow involved in false statements about bitcoin. I don't think she's worth any attention at all.
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fullhdpixel
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March 04, 2019, 03:00:05 AM |
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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.
Well, even if he does, I don’t mean to be selfish, so many trader will still make money if eventually XRP go on a bearish trend and that is the sweetness of trading. I understand lots of investor that already has money in it are waiting for bullish trend while potential investors are waiting for the bearish trend but already existing investors can still take advantage of his strategies too if he eventually succeed. This is how an optimistic trader or an investor sees it. |
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Ziskinberg
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March 05, 2019, 08:29:43 AM |
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I do not understand why this coin was created.
It's a stable coin and they can used it on their transaction, transaction is faster with blockchain and that is why they are adopting to crypto. Especially if she was already somehow involved in false statements about bitcoin.
It's not a she, it's a he. That is not a false statement, it was his opinion and we just don't like it. I don't think she's worth any attention at all.
Maybe not for us but for banking purposes it's necessary and to their clients it could be useful. This is how the market progresses, we have a lot of players in the market, thus making the competition more bigger. |
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laurencef34
Newbie
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Activity: 28
Merit: 0
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March 05, 2019, 08:38:07 AM |
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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.
Immediately after the release of the launch of JP Morgan coin, many experts started the discussion of its adverse effect on XRP. Even one executive of Delphi Digital stated that this was a huge slap for XRP and it would make life difficult for XRP and SWIFT. But a recent report depicts that it is not an immediate threat to XRP. Firstly, JP Morgan coin is presently restricted to some internal clients. It is unlikely that other competitive organizations would use JP Morgan coin. On the other hand, the technology of Ripple has been built on superior XRP ledger and this makes it as readily acceptable by any organization. The second factor is the relative speeds of both the technologies. JP Morgan coin is based on Quorum which is capable to perform around dozens to hundreds of transactions in one second. This is relatively very low as compared to XRP. XRP in terms of scalability is more superior and efficient than Quorum. So, in conclusion, these two projects even though appear to work on the same domain, have different potential and focus. There is no presently overlapping of both JP Morgan coin and Ripple. It might clash in the future but for now, both are independent of each other in term of functionalities. Just my two cents on this. Better get going as I resume my live trading sessions. Best of luck! |
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Red-Apple
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March 05, 2019, 02:36:40 PM |
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people are missing the point of XRP which is why they come up with these types of theories and also why a lot of people are still comparing the two together which is wrong!
the whole point of XRP is a pump and dump premined altcoin that has been giving millions of dollars profit to the owners who are also making profit by selling their technology to banks.
nothing is threatening anything about this! XRP is still the same pump and dump shitcoin and they still own the 100 billion premine and they are still selling their services to banks and still make millions. where is the threat?
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--signature space for rent; sent PM--
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MemberBerries
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March 05, 2019, 08:50:13 PM |
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people are missing the point of XRP which is why they come up with these types of theories and also why a lot of people are still comparing the two together which is wrong!
the whole point of XRP is a pump and dump premined altcoin that has been giving millions of dollars profit to the owners who are also making profit by selling their technology to banks.
nothing is threatening anything about this! XRP is still the same pump and dump shitcoin and they still own the 100 billion premine and they are still selling their services to banks and still make millions. where is the threat?
Wow LMAO how much did they pay you for that shit? Or did they stop paying for the ripple bashing and you do it for free because you dont even know in the first place why you talk that shit lmao.  |
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SlimShadyMmp
Full Member
Offline
Activity: 1470
Merit: 103
COMBO 2.0
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March 08, 2019, 11:32:42 PM |
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This is merely a coin with that much value attached to it if you ask me i will tell you that is just meant for experimentation of blockchain once they have the basic number of users and it seems profitable for them they will make it more crypto related but for now is more like a dummy coin
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