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Re: TruckingAngler post# 24109

Sunday, 01/31/2021 3:15:54 PM

Sunday, January 31, 2021 3:15:54 PM

Post# of 36149
You cannot buy XRP from a stock broker, because XRP is not a security. XRP is not a share of stock in any company, not even the company listed erroneously on the top of the page here. It is not a share of Ripple. Ripple is not a publicly traded company, nor does owning XRP get you IN, pre-IPO. (You can invest in Ripple if you are an accredited investor, i.e., a millionaire or high income earner, using a company like Linqto, about which you can get information if you sign up with Uphold.)

If you want to know the price of XRP in dollars, you can type XRPUSD in the Get Quote field here. But XRP is not Ripple. Other crypto currencies have a symbol and a name. XLM (made by the same guy who started XRP) stands for Stellar Lumens. But XRP does not stand for anything else. It is just XRP. Not Ripple. Not a piece of Ripple. The company called Ripple owns a little over half of all the XRP in existence, so that explains the confusion. By the way, most of that XRP is time-locked in over fifty escrow accounts that allows for a little bit of XRP to be injected into the market every month; usually only a small percentage of that does come into the market, sometimes none at all, and the rest goes back into escrow for another four and a half years. (XRP is a long play, not a flash mob play.) However, things do not work the other way around. Even though the fate of Ripple (the company who owns the most XRP) and the fate of the currency appear (understandably) intertwined, owning XRP does not give you ownership of even a fraction of the company called Ripple.

XRP is a crypto currency. That is why when this discussion makes the top 50 Hot Boards, all the columns about price, percentage change, and volume are blank. That is why there is no daily chart on the right side of these posts. Those are only for stocks that trade Monday through Friday when the STOCK market is open. The market in crypto currencies is NEVER closed (although your ability to access an online exchange may vary when volume is high and trading is volatile). Crypto currencies never sleep. And XRP is a crypto currency.

Case closed, SEC.


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