XRP did mistake!

[yonkii 3205]

I've read a lot about XRP during Christmas holidays. The SEC was very strict but in my opinion they made a correct decision judging by the facts. Ripple was exploiting XRP and constantly selling to make more in dollar terms and didn't proceed at all in what should have been expansion of the XRP ecosystem. I disagree with all of that and while I was initially looking to invest in XRP I felt very bothered by these facts that were ready for all investors after doing research.

[selfmade 7]

Their mistake here is been centralized, which means laws applies to them, coins that are not centralized like bitcoin there is no law which can touch them.

This same mistake is what Facebook coin is experiencing.

Edited December 27, 2020 by selfmade

[Camilah15! 663]

On 12/24/2020 at 11:59 AM, Brushless4500KV said:

Yesterday, I made a big mistake to buy some XRP because I saw it has crashed heavily and thought that it is a good time to invest in it but after my purchase I read in the news that XRP has been accused with offering securities without registration. Ripple has to defend XRP in the courts and will have a hard time to save the coin. I don't know what will happen to XRP in the next few weeks. I bought it at $0.36 and it is now about $0.28! I have already lost about 7% of my capital. I have two options. 1 - To wait until it rises again. 2 - To convert it to another coin to compensate for losses. What is your suggestion? I want to get out of XRP with the least damage.

Am sowie about this, it's quite sad. My only advise would be to wait for it's price to appreciate and then sell off and invest in a new currency. I would love to really know how to convert to different currency on yobit. Like how to convert talk tokens to bitcoin. Thanks.

[Brushless4500KV 4214]

8 hours ago, Camilah15! said:

Am sowie about this, it's quite sad. My only advise would be to wait for it's price to appreciate and then sell off and invest in a new currency. I would love to really know how to convert to different currency on yobit. Like how to convert talk tokens to bitcoin. Thanks.

Converting between different currencies is quite easy on Yobit. You just have to choose your favorite currencies from the list on the left side of the page. Then you have to choose the second currency in the pair from the blue row on the page. It is as easy as this. Regarding XRP, I have to say I sold it and invested my capital in bitcoin. Fortunately, I didn't buy XRP at a high price and my losses were not high.

[nykas 2812]

XRP continue its fall despite on the bull market trend. XRP was always a risky coin for me and I have never had it in my in invest portfolio. Maybe XRP will return to the old positions, but I don't recommend to buy it now 

[Sykkuno 2887]

Bellow 20 cents now and it can go lower as Coinbase will delist and the rest exchanges in the USA will follow, it is all bad for Ripple but most of us that took time to do our research we gave warnings all the time about this asset which is now an unregistered security and the SEC has filed a lawsuit on Ripple and the executives.

[Dorjoy12 8962]

1 hour ago, Zinat08 said:

I think xrp will be raised again. It is not a matter of price decreasing or increasing. Because cryptocurrency, their price always goes up and down.  And we have to work on that basis. And in this combination of ups and downs, I can say that XRP will go back to its previous position again.

 This is really hard for xrp to raise up again which you need to know..  Today usa based exchange site coinbase already said that they will suspended the xrp trading on 17 January 2021 and from now they will set up a xrp trading limit..   In this case, its really hard for xrp to raise up again ..       

[velasco19 1753]

Honestly considered that it is not going to rise in the short term because that demand to sell its own assets generates concern for its investors, that is, the capitalization of the currency will decrease.
I also just read that Coinbase joins the exchanges that plan to delist it and it is another hard blow.

[Haley 832]

On 12/23/2020 at 9:17 PM, Dorjoy12 said:

Xrp or Ripple is the top ten ranked  crypto currency  in crypto world  but now It's  look like that it had a bad future  due to some mistake..   Wednesday,  the Hong Kong exchange  site OSL suspended  the xrp trading  because xrp  violating federal securities laws via sales of XRP to retail consumers...  In this case, OSL exchange  site taken this decision  which lead xrp price  drop to 33 cents... 

 

So guys  do you think xrp will raise up again from this situation?

Ripple was ranked third in cryptocurrencies before this blunder. It was expected that its future is safe but after this issue it seems like it will not come to this rank again. But, new year will bring fluctuations in cryptocurrencies so lets wait for the surprise. 

[sinseoul 0]

So this is why Ripples is crashing so hard right now. I thought it is just a dump season for XRP, but it wasn't and it is something more serious. But if they managed to fix this, then XRP will be having a run and I will be there when it happens.

[MrSpasybo 1049]

It can be said that Ripple & XRP are experiencing their worst times when they are subject to prosecution from the SEC as well as a request from community to burn tokens they are holding. Exchanges delisting, investment funds stop buying XRP tokens, token sell-off team members causing investor confidence to decline, everything is driving the price of XRP to fall 50% in a week. I don't think Ripple can find a really effective solution to overcome this situation. Everything will depend on the SEC lawsuit, if Ripple is lucky, they can start all over again thanks to the partnerships with major banks around the world.

[Dorjoy12 8962]

15 hours ago, Haley said:

Ripple was ranked third in cryptocurrencies before this blunder. It was expected that its future is safe but after this issue it seems like it will not come to this rank again. But, new year will bring fluctuations in cryptocurrencies so lets wait for the surprise. 

 There has more bad news around xrp coin you know and in this case there has very low chance xrp can back into its position..  Because famous exchange site, coinbase, bittrex, osl already suspended it you know..  So usually investor fear to invest on xrp now..   But i heard that kucoin exchange site offer user to trade xrp there..             

[Obliv0n 333]

It all depends on the outcome of the lawsuit processed by the SEC, if ripple wins the case, the price of the currency will recover before March, however if it loses and is fined, it is possible that more exchanges eliminate the currency and end  dying or falling at an exaggeratedly low price.

[tienda 8776]

Sincerely the XRP situation surprised me! It is one of the best coin and always we find it on the top list coin in all website exchanges. I thought will be one of the future bright coin, because of the popularity who invested on it, but unfortunately right now lost its confidentiality and credibility.

[Whited35 15285]

It is not fully confirmed yet. Ripple still has the chances to prove that they were not running the illegal activities to sell XRP. If the SEC's claiming eventually got proved, it will be the dead end of XRP and no one will be holding XRP anymore. Price is repeatedly crashing and XRP has already lost its value from $0.52 to $0.21 now. It has also affected other altcoins. 

Edited December 31, 2020 by Whited35

[Dorjoy12 8962]

7 hours ago, Whited35 said:

It is not fully confirmed yet. Ripple still has the chances to prove that they were not running the illegal activities to sell XRP.

If xrp leading team can prove out about they didnt break down the lawsuit  then its cool for them to back their past position in crypto market..  Xrp was always the best coin in crypto market..  Also for xrp dump  xlm going to down too as it xrp fork..  Did you notice?      

[Whited35 15285]

12 hours ago, Dorjoy12 said:

Xrp was always the best coin in crypto market..  Also for xrp dump  xlm going to down too as it xrp fork..  Did you notice?      

Huh? Did you mean XLM is the Fork of Ripple ? XLM is evolved from the completely different codes and you might understand it as the utterly modified fork of XRP. Both of them has the different blockchain networks to carry out the transactions. Regarding the price decrease of altcoins, yes XRP dump has also played a vital role but the effect won't last for a long time. 

[Jromz 2158]

Well, it seems the game is over for XRP, at least in the US, after exchanges like Coinbase and Binance announced its coming delisting, which seems has even worsened the situation for this cryptocurrency. Hopefully, the situation may be resolved for the benefit of all XRP hodlers out there. I honestly made some profits from this crash, both during the dump and when the price bounced at $0.27 and more recently at $0.17. The price is now nearer to the previous bottom of March this year ($0.10).

[Jhujhu 62]

The XRP has continued its decline despite the bull market trend.  XRP has always been a risky currency for me and it has never been in my investment portfolio.  Probably XRP is cheaper now, so if we buy it now, we can get a good Kiso payment.

[GanBin 705]

If the lawsuit against ripple CEO is true, that is a very big selfish mistake on order to use recognized coin to steal from people. Ripple is a bit centralized and can not be trusted. 

[Froshk 1828]

 nobody is above mistake and it is a known fact that xrp actually made a grievous mistake although the courts pronouncements has not been made public as to whether they are guilty or not

[kryptonick 2659]

It still has some strong support from the Japanese partners and the SBI bank. The bull run also helps XRP not to be disappeared as it should have been, and there is this long line of internet shill accounts having some kind of AI bot mechanism. I really wonder if there is one single real account in twitter posting positive remarks about XRP.