Bitcoin & Crypto Currencies

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Financially Market. The ‘Pump and Hold XRP’ group On Saturday, a telegram group was created with the sole purpose of encouraging its following to buy and hold ...XRPas opposed to buying it and dumping it on the market (although this is likely just semantics). Within 24 hours, the amassed 200,000 members, reaching Telegram’s limit. This led to creation of a second group that now has 95,000 followerswhere the pumping continues. The focus appears to be on pushing the coin on today’s date, even though the coin started rising over the weekend. The organizer of the Telegram channel, known as The XRP Bully, posted a video on Saturday, with the title implying that today will be the main focus of the pump. February 1 will be an amazing date! It’s a worldwide initiative, and it’s interesting to see what people as a community can do, he said. The organiser added some disclosures, including that crypto is a risky investment and people should be accepting the whole responsibility for potential losses. The person in the video stressed that there will be no XRP dump. Instead, his plan is to boost the asset’s price by purchasing as many tokens as possible and holding them. Although it’s unclear how many followers will be able to resist the urge to sell at unexpected price highs. The XRP Bully also stressed that there can be no value in just price performance: the true value derives from the developers creating things. With so many unbanked people in the world, we need a community of XRP developers to create apps on the XRP ledger. That’s how the value will come. XRP offers a superb use case, and this a golden opportunity.

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