NOT Financial Advice, But a Freedom Fighter Caution
After holding Bitcoin for a few weeks it might begin to burn a hole in your online wallet. You may begin to look around to see if you can ride some other coin up.
In your search, you might come across Ripple.
“Ripple is the banks’ method for pulling the value resident in Bitcoin.” That’s what a trusted friend who understands finance much better than I do said about Ripple.
The point of cryptos is to draw our resources OUT FROM UNDER the control of the big banks, yes? If so, why would we place those resources in Ripple? Sure, you might make a couple bucks. But the same players who have stolen the fruits of your labor via interest rates, the IRS and inflation – not to mention the banking crisis of 2008 & other banking fiascos – are backing Ripple. They will very likely serve up their financial chaos to crypto users via Ripple.
To gain some understanding you can scan these tweets (language caution on a few, though I feel the language is justified):
I think this article is part of the reason why Ripple has pumped.https://t.co/Ms8k3ImV20
— Frank (@BitcoinFrank) December 30, 2017
— Peter Fessel (@Lepetere) December 27, 2017
What you should know about Ripple $XRP: 😳⚠️
It's NOT decentralized.
It's NOT a privacy coin.
It was created for big banks and they love it.
It's anti-libertarian, anti-freedom, anti-liberty and everything the libertarian crypto movement stands for.
— Bastos | Crypto Growth Specialist | $ENG (@lifewithbastos) December 30, 2017
Fk ripple Big Banks are the devil. Fucking thieves. Gtfo. I wish you would educate people on fractional banking and then see if they still wanted to put their trust in them or their lackies(ripple).
— Cesar Rene Garcia (@xC35412x) January 2, 2018
The rise #Bitcoin and anti-Bitcoin Ripple simultaneously shows utter disgust – trillions of dollars feel about current fractional reserve, fiat dumpster fire that is neo-liberalism. Prediction: Crypto tops $2 tr in 2018. $USD crashes hard. pic.twitter.com/ETFFowvjwS
— Max Keiser (@maxkeiser) January 1, 2018
— Crypto Investor (@TylerWitt77) January 2, 2018
Rumor of a pump and dump coming for #xrp #ripple Don’t try to day trade if it happens. Just let it happen and then we will carry on. It will go up for you all on its own so you don’t need to try and play day trader with the wolves. They will slaughter you. Just kick back.
— Crypto (@JCryptoAccount) January 2, 2018
Ripple is a centralised "coin" with a manipulated low liquidity. We have seen this Ripple pump and dump 4 times within the last years. Guess what will come next? pic.twitter.com/7mH3oFWbEk
— Oliver Crypto [LTC] (@OliverCrypto) January 2, 2018
People seem to have a problem w/ using Total Supply for MCap, Why?
1. #Ripple is a Centralized Token Created by 3 guys. There is NOTHING preventing them from selling all to exit scam.
2. Satoshi's #Bitcoin r way less likely to ever Trade + Lost Coins, but yet they count in MCap?
— Tone Vays [#Bitcoin] (@ToneVays) December 30, 2017