Short

Updated

Inflationary coin

Massive dilution at the ready.

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First hard support reached, next up is the main spring board level that started the pump... .00007442. XRP longs transferring their bitcoin to me, hand over fist in hopes that this rebounds. What you longs don't understand is that the decentralized purists totally reject this inflationary, one man (or few) holds all the cards, bend over for banks, pos coin. Read their statement (pledge)... then READ IT AGAIN!!...

"To help give potential future XRP owners certainty that the market won't be flooded with this trove of cryptocurrecy, Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.

As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit."
coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

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Did you get that?.... No, hasn't sunken in yet?.... let me highlight...

**** "Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.

As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit." ****

...THAT'S 1 BILLION XRP EVERY MONTH FOR 54 MONTHS!!!!!!.... POSSIBLY DUMPED INTO THE MARKET AS RIPPLE SEES FIT....

Let that bounce around your brain for a few, then after you come to your senses, I'll respond to your posts below.

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Well... you know what they say about fools and their money?... in this case it's fools and their bitcoins. Lol!

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There is currently NO catalyst, thesis nor reason (that I see) for this to move up or rally. I expect this to continue to deflate, back under 00005710. Next time... research and don't be a herd buyer. Enjoy!

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.00007442 .... .00005710

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61% of xrp is sitting in a wheel barrel at the edge of a cliff. At the other side of this cliff is the xrp markets. There's ONE man holding the handles of this wheel barrel. Does he tip it over and dump HIS 61% of xrp into the market, cashing in on BILLIONS!?... or does he not tip it over, because he concerned about the speculative losses of gamblers disguised as investors?..... what would you do?.... LOL!!!

DILUTION COMETH!

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Told you all. Complete and utter wasteland. While quality coins continue to rise this flounders in the abyss. This is what happens when the emphasis of the coin itself is more about trading thru unsavory exchanges with their margin accounts, and market makers who sit on BILLIONS of coins given to them by ripple in order to "bring liquidity to the xrp market". Their bringing liquidity alright.... LOL!

This is essentially the easiest short of ALL crypto's, hands down!... xrp is the otc/pink sheet coin of crypto's

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Posted this on 5/29/30....
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Here you go...

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Trade active

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Perfection!!!...

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Look at where the the big red bar landed folks. Could't have script this any better!
So where have all the xrp lovers/pumpers gone?'
Totally vanished!

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Don't fall for the proven fake outs...

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Easiest short in crypto's. Provides continuous income using margin. It's overpriced for its purpose. If banks aim to use it, you can sure as hell bet it will move exponentially downward! Right now though it's nothing more than a prop for market makers and their exchanges to play ping pong with...

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streetgainer

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streetgainer