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Topic: 18% XRP Price Drop ! ~ Moon or Bust? - page 3. (Read 781 times)

legendary
Activity: 2534
Merit: 1338
September 14, 2020, 01:05:49 PM
#34
IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable. 
I am not trying to be too harsh but what kind of investor or trader can say something like this, the price is everything and XRP despite being a project that has been in the market for very long has not showed significant profits in years, who in his right mind is going to keep being invested in such coin when projects like bitcoin and ethereum have showed a significant better performance over the same time period, besides when you add that XRP is extremely centralized it is fair to ask us if it qualifies as a cryptocurrency when it has such important ties to banks and to me this makes XRP a project not to be trusted.
hero member
Activity: 2184
Merit: 531
September 10, 2020, 04:59:05 PM
#33
Xrp is my main Long term hold along with Ethereum .
Why?  Huh

I'll say reduce the amount of XRP you hold . The supply is too much with the Devs & Team and whatever roadmap they said with xCurrent and Xrapid  is yet to fulfill the purpose .

He made a big mistake of buying so much of this centralized shitcoin in the first place.

Position on market cap that relies only on the potential not real value of all coins in circulation should not make you want to hold the coin.
Always rely on utility and fundamental analysis not some promises of a CEO.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
September 10, 2020, 04:29:39 PM
#32
I believe the price of Ripple going down are just because of Bitcoin price, and it's not only affected to XRP, most of Altcoin are also affected because of Bitcoin price drop. Even Ethereum also dropping so much, like from $480 down to $330, and i think it's even more than 18%, which is quite bad. In my opinion all of this are simply just a correction, and most of them will recover at any point.

thats very right! not only xrp is at loss in the past few days, almost other alts as btc goes down. so when btc starts pulling up, and so these alts also, including xrp.
 and also for the OP, he might want to look other currencies to invest with not only xrp, and eth is a very good candidate right now. but whatever coin he will venture with, need to do his own risk assessment because it is only him that will be responsible to his own funds.
legendary
Activity: 2282
Merit: 1023
September 10, 2020, 04:18:53 PM
#31
Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.
Anyone invested in XRP is optimistic about its future and can dream about a centralized coin being the bridge to the global reserve currency and if you really think that it is the future and hence holding the coins more power to you. If the investors could get a good profit so be it but to call it the future of monetary system is a bit too much.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys
According to your above statement you classified XRP as the bridge to global reserve currency and if that is the case why would you need DeFi to be the push the XRP market needed  Roll Eyes.
hero member
Activity: 1260
Merit: 510
September 10, 2020, 03:46:20 PM
#30
I believe the price of Ripple going down are just because of Bitcoin price, and it's not only affected to XRP, most of Altcoin are also affected because of Bitcoin price drop. Even Ethereum also dropping so much, like from $480 down to $330, and i think it's even more than 18%, which is quite bad. In my opinion all of this are simply just a correction, and most of them will recover at any point.
jr. member
Activity: 154
Merit: 1
September 10, 2020, 12:43:25 PM
#29
The price decrease we're seeing in the cryptocurrency market is universal. Most tokens have experienced a recent decrease in value due to the reduction in the value of Bitcoin. Ripple was not left behind in the drop and had a free fall. In most cases, when we experience this level of decrease, its because of market correction and I know that the value would increase again very soon.
sr. member
Activity: 1414
Merit: 271
bitonator.tangled.com/join
September 10, 2020, 12:33:07 PM
#28
Ripple has been showing no signs of life for several months, and now with DeFi hype I think hardly interested. I know a lot of people who bought a lot of XRP back then and are now sitting with their tokens because the price has gone down rapidly and no one knows when it will go up again, if at all
legendary
Activity: 2576
Merit: 1043
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September 10, 2020, 04:50:20 AM
#27
Xrp is my main Long term hold along with Ethereum .
Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
I don't know but isn't it kinda weird that you are holding Ripple and Ethereum but you aren't holding Bitcoin for some reasons.
Anyway, your money so your decision but in the past few days the crypto market is in a short correction. No need to panic because there will be a time that coins will go up. Be patient and just accumulate more and more. Try to get some Bitcoin to Smiley.

I still think xrp will only do well in future because the xrp community but if this DeFi thing work out for them it might give them a needed life for sure . Share your opinions Guys
I'm not pessimistic on Ripple but with their reputation against the investors which is somewhat negative, I will not hold any XRP for long term and I'd rather hold BTC or ETH than XRP.
full member
Activity: 1820
Merit: 107
September 10, 2020, 04:27:09 AM
#26
IMO, I believe that XRP is a real deal it's not just a fly by night cryptocurrency because it is a working product of a duly registered company which is the Ripple, in that case, I believe that the XRP price today is not that important because its a long term project and if we compared XRP from other cryptocurrencies with the same supply level I think XRP price was far more stable. 
sr. member
Activity: 2324
Merit: 263
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September 10, 2020, 01:23:11 AM
#25
Ripple drop was not even surprising me at all. A shit token will be a shit token as the drop must be coming from it owner dumping their coin. I dont get it why peoples always see xrp as a good coin as we all know xrp is a centralized coin not a decentralized coin. What is so special being centralized and the infinite supply??
Categorically, Ripple is not a dirt token even though the supply is unlimited, because dirt tokens are unlikely to get a good position on the coinmarketcap and coingecko rankings, so this shows that Ripple is not a dirt token and regarding price reductions I think that's a common thing inside. crypto when market conditions are not good.
sr. member
Activity: 1330
Merit: 326
September 10, 2020, 01:01:35 AM
#24
Haven't you sold some of your hold xrp when it pump the last time? I sold mine but I still have some of it and I am still calm. 18% dump is usual.
Let's just hope that it will perform upward rebound movement.

Investors are aware about that immense volatility of such coin, thus if xrp dumps even at 20% below the immense gains will still definitely achieved when it bounced up.

According here;

Quote
XRP may have bottomed out, ready to retest $0.27

No need to panic.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
September 10, 2020, 12:33:36 AM
#23
With the founder of XRP, Jed McCaleb, dumping $75 million worth of XRP, that's a lot, and regardless of its value today, it's going to take a big stack. According to this article:

However, Whale Reports believes that McCaleb’s settlement agreement with Ripple will end in 2020, and that the restrictions regarding how much XRP he can sell daily/yearly/monthly will be lifted.

So I think it's quite near that it is going to be less valued from now knowing that Jed is going to dump all at once. I think he is just waiting for this moment and dump it all.
sr. member
Activity: 1183
Merit: 251
September 10, 2020, 12:10:54 AM
#22
Even the XRP community didn't feel good with the dump that has already made by the company and former of ripple founder (jed). How do you think that possible for ripple? i remember when community of ripple has already made a petition for the company to add more vesting period for the premined coin.

Defi is much more better than ripple in term of the usability and remember XRP never offered a utility usage to its holders. I never sen the XRP holders get advantage from holding their coins.

You must see the defi users can earn interest from the defi service while ripple gives nothing for sure. I doubt ripple can't defend its position to be the top 4 of crypto based on MCAP.
newbie
Activity: 3
Merit: 0
September 10, 2020, 12:09:28 AM
#21
When it really comes down to it, XRP correlates with BTC. However, I'm not saying once Bitcoin hits it's ATH that XRP will as well because XRP has lost much of it's base since then and it's pump was partially due to it's introduction to Coinbase and South Korean investor access at the time. When Bitcoin reaches 20k again, I truly believe XRP could potentially see 1 USD, which is huge for the people who've been collecting an holding since it's crash 3 years ago. But the longer it takes Bitcoin to pump back to 20K, the more XRP's correlation decreases as people continue to lose interest. It's market cap still makes it 3rd behind ETH and BTC, which gives me hope. But coins like LINK have begun to rapidly fill in the gap beneath the top 3 while Defi is still a major unknown factor to "traditional" crypto..
full member
Activity: 826
Merit: 105
September 09, 2020, 11:08:01 PM
#20
Ripple's technology is good, but investing in XRP is not necessarily good. We are always hyping the payments project for technology, but Ripple's capitalization is too high and has no potential. Furthermore, in online forms of payment, Ripple cannot surpass Bitcoin and Tether.
Currently, the Ripple project owner owns the rest of XRP, which is hindering XRP's price increase.
full member
Activity: 346
Merit: 100
September 09, 2020, 09:40:16 PM
#19
Ripple drop was not even surprising me at all. A shit token will be a shit token as the drop must be coming from it owner dumping their coin. I dont get it why peoples always see xrp as a good coin as we all know xrp is a centralized coin not a decentralized coin. What is so special being centralized and the infinite supply??
hero member
Activity: 2632
Merit: 833
September 09, 2020, 09:12:03 PM
#18
I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market

They have been in the market for too long, and that is why they have a good position in coinmarketcap.

And they have a lot of projects, unfortunately, it's not enough though as the price can't even get to the next barrier, wherein ETH has broken $400 many times already, while XRP remains in the $.20 range. Chainlink has proven it already and so is DOT, so I'm not surprised that the rankings on many altcoins might switch places again once we got on a full blown bull run next year.
hero member
Activity: 2884
Merit: 579
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September 09, 2020, 05:55:16 PM
#17
XRP hasn't performed good with all of those pumps that we've seen for bitcoin and ethereum.

It's one of the altcoins that didn't moved that much during those runs. 18% could be that much for you to cut loss but you still have chance to think about it.

Having bitcoin in portfolio is a big life saver.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
September 09, 2020, 05:41:50 PM
#16

Almost 20% dump ! Xrp needs a bit of patience IMO breakout coming. According to IMF and World bank , XRP
be the bridge to the Global Reserve Currency.
How can you sure  about XRP to be the bridge to the global currency while it has no chance to compete with mastercard?

https://cointelegraph.com/news/mastercard-launches-virtual-testing-environment-for-central-bank-currencies

The IMF or even world bank will actually use CDBC instead of ripple. This foundation is also rarely generating the profit and that means the burning portion to be used for the various things like marketing, development, etc is much greater rather than its margin profit.
legendary
Activity: 2534
Merit: 1338
September 09, 2020, 04:17:19 PM
#15
I don't think this token (XRP) justify its position on the coinmarketcap. This coin is against everything this space is all about, it is too centralised and have done nothing for the space rather the team keeps dumping their tokens on the market. I have a feeling it is going to lose its spot in the top 5 in this bull market
Taking into account that most people are moved not by ideologies but by their greed this is going to take a while, I agree when you say the fourth position in the market is undeserved but which coin can take its place? LINK or DOT? I do not think so because those projects will lose a lot of market power once the DeFi hype disappears for good, a bunch of bitcoin copies? Not in a million years, a stable coin? Tether already displaced XRP, so when you really think about it there are not really that many candidates that can replace XRP at the moment.
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