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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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Quote:
Originally Posted by biosurfer1
Maybe for some crypto currency, but this couldn't be more untrue of Ripple. Ripple has created a way for banks, financial institutions, Western Union, anyone really, to transfer money in real time for a fraction of the cost of typical means. Over 100 banks are currently testing it or using it.
Just like pump and dump penny stocks don't mean the entire stock market is a scam, not everything in the crypto world is a scam either.
It's funny how people think Ripple's CEO being one of the richest people in the world is BS, yet accept that Warren Buffet is. Buffet is on record saying his "net worth" is meaningless. He has already earmarked his stock to various charities, and even if he didn't, he couldn't sell all his shares at the current BRK price. It would crash the stock price before he got 1/10th the way through. Same with Bill Gates, and Jeff Bezos, etc etc.
It's a joke to say ANY person is worth $xxx billions if it's all linked stock that is practically unsellable. No different that these new crypto billionaires.
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This is priceless LoL
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