$Ripple (XRP.CC)$ broke 2.25.. i expect bitcoin to sweep liq...
$Ripple (XRP.CC)$ broke 2.25.. i expect bitcoin to sweep liquity at 90k which will push us to $2 or slightly below. very suprised the upside wasnt taken but make no mistake it will. and it will be explosive. maybe DEC 1st QE is the catalyst.
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Kevin Chen15 : Unless they halt this policy, even loose monetary conditions would be unable to absorb the impact of their monthly dumping of 1 billion XRP tokens.
jr2004237 OP Kevin Chen15 : thats a misconception. every month 70-80% goes back into escrow. its not the full 1billion coins.
Kevin Chen15 jr2004237 OP : This also indicates that as much as 70-80% of XRP remains unused. With such a high issuance volume and poor monthly utilization, how can the price be sustained?