Arguments against XRP, the biggest shitcoin. - page 2.

kynaz

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Quote from: Enzo05 on May 17, 2019, 10:21:06 PM

Maybe others will consider ripple as one of that shitcoin it depends on how you trust the crypto. For me I still ripple can go higher there's always a fud out there even in bitcoin there's always a fud so let's just keep our ripple.

Ripple does not have much value in the crypto market and this coin is only considered an investment to make a profit in the short term. If you look at the analysis of top experts, it will be very difficult for Ripple to raise prices in the coming time. I believe that if investment demand does not improve during this period, it will surely return to the price of $0.1

Enzo05

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Maybe others will consider ripple as one of that shitcoin it depends on how you trust the crypto. For me I still ripple can go higher there's always a fud out there even in bitcoin there's always a fud so let's just keep our ripple.

chenille

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Quote from: Makkara on May 17, 2019, 01:35:04 PM

Reading replies to this thread is an excruciating pain, people just posting the same shit with different flavors just to make one more post for their signature campaign Roll Eyes

I think there are also quite a few very good posts. Maybe the title is a big provocative and people feel to underline the arguments I listed in my OP. But I feel it's necessary to show the investors how Ripple keeps lying to the people to sell off their crap token.
It's a long road to shut organized crime down and takes much effort. Investors are starting to realize and sell it off before it's too late.

Makkara

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Reading replies to this thread is an excruciating pain, people just posting the same shit with different flavors just to make one more post for their signature campaign Roll Eyes

Yalovtsev

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Firstly, I do not believe this project sitraina,because it really loanonline team,as well him a lot of money and connections,and even more so now they're implementing the system of the Banking sector,and then mostly already during 500 years,all the money is cool, so the project is strong,and the scope shakes a very powerful

el kaka22

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There is no argument here about XRP that could be made that wasn't made before. XRP is a coin that is such a waste that I can't believe it is so high in the market cap list. It should have been one of the lowest coins out there in the world instead of being in top 3 constantly and even getting the second spot sometimes. They are a "company" not a coin and they literally do business with banks to get those banks use their blockchain to move money from place to place with less cost and simply banks pay ripple the money and ripple pays that to wherever that money goes via using their own blockchain.

Now idea is great I agree but that has NOTHING to do with XRP, that is the coin not the company and since XRP holders are not getting dividends from the profits, they are just holding a coin that was intended for banks big moves and not them.

Woolles890

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Quote from: krisnajsadrak on May 17, 2019, 07:52:21 AM

Quote from: mustafayasinsenturk on May 16, 2019, 02:42:12 AM

I've heard from a lot of people that the Xrp team didn't increase in price because they released XRP on the market. Let's not forget the team has billions of xrp in hand.

thats why when the price is good enough, xrp team could sell it anytime
and this is maybe the main causes why a lot people saying to stay away from this xrp
but as a trader, i will buy xrp when the price is in good buy zone, then sell it in good price,
i never hodl xrp for long term investments Wink

XRP is still a short-term investment, indeed many people have a view if XRP is not crypto and can attract many investors.
This is indeed feasible to be traded daily, and many will get the opportunity to make a profit.

krisnajsadrak

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Quote from: mustafayasinsenturk on May 16, 2019, 02:42:12 AM

I've heard from a lot of people that the Xrp team didn't increase in price because they released XRP on the market. Let's not forget the team has billions of xrp in hand.

thats why when the price is good enough, xrp team could sell it anytime
and this is maybe the main causes why a lot people saying to stay away from this xrp
but as a trader, i will buy xrp when the price is in good buy zone, then sell it in good price,
i never hodl xrp for long term investments Wink

ricardobs

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Quote from: Script3d on May 15, 2019, 12:08:35 PM

Quote from: palle11 on May 15, 2019, 11:28:30 AM

I don't see xrp as a shit coin on my own. It is just centralized. I usually consider a coin as shitcoin if the developers and team abandon it and nothing much is heard about the coin or its project but xrp is always in the news.

It can be also classified as shitcoin, because of how the developers can just apply changes freely, they can just basically print money, and the fact they own 70% of the coins they can just bury the price to the ground, the purpose of the coin was basically to make the developers wealthy.

Shit coin is not a term that is used to express despise about a coin. Actually coins other than Bitcoin are called shit coins (Altcoin) and this is a normal term used to refer to altcoin. Yeah altcoin have not been really growing in the bear market so far. They are though good have been growing slowly and gaining small values. Despite this all, there is profit. Ripple as its owner had said is a joke but it has still gotten its market cap in Billions.

Shatterlean22

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Well I'm not a fan of ripple and if xrp is a shitcoin as you states why still in top 10? Why lots of loves for this xrp when more people are buying ? Even traders can't do without it ,am I missing something? If the support is alive and kicking why called its a shitcoin? Its not to me

Pffrt

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Quote from: shesheboy on May 16, 2019, 04:09:52 AM

Quote from: RapTarX on May 16, 2019, 03:48:09 AM

XRP is centralized controlling by a bank. It doesn't fit to be called as a cryptocurrency. Anytime, bank can controll the coin's market, price or everything they want. So, it's better to stay away from XRP.

Its called a cryptocurrency because the coin is being traded on the crypto market . and coins that are not centralized and not backed by banks can also be controlled by banks if they want . that is called manipulation and manipulation is normal on any market not only on crypto . xrp for me is not a shit coin because xrp is a verry useful coin but i still dont know why alot of users call xrp a shit coin ? Where there are lots of real shit coins out there .

Read some of the above post why it is a shitcoin. XRP developer is owning a vast amount of coin. Who is here to guarantee that they will not destroy the market after having their personal benefit/gaining.
Leave it, it's centralized and I am sure none of crypto enthusiastic guy will love it.

Irvinn

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I judge a ripple coin in terms of its utility. This coin greatly facilitates the work of the banking system. Therefore, it has the right to exist. The banking system is centralized and therefore, most likely, should work on the same centralized coin.
In addition, the ripple coin itself is also very popular in some countries as a type of cryptocurrency, and sometimes this popularity is even greater than that of Bitcoin.

lionheart78

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Quote from: zhengqi on May 16, 2019, 07:15:25 AM

I have been an investor in Ripple for a long time and managed to make money on this crypto currency many times, so why should I consider a coin a shitcoin?

Shitcoins had made some a millionaire but it does not removed the fact that they are shitcoins. It is not whether you profit or loss to determine if the coin is shitcoin. It is how they are created, setup and distributed and of course their use case. There had been several lies about XRP, and the first one of it is the one stated by Virtual miner .

Quote from: Virtual miner on May 16, 2019, 04:22:12 AM

Great post by you and you have touched upon some great facts. Let me bring in knowledge some more facts that highlight even more deceptiveness of the creators of this coin.

It is known that around 32570 initial blocks of the ripple blockchain are missing from the ledger. So the nodes are never able to retrieve the data from these starting 32570 nodes which makes it quite fishy as one would never know what transactions happened in these blocks therefore technically making this chain un-auditable forever.
The coin started to create a P2P lending network which would be based merely on trust however the trust network are known to be un-reliable. Because only a few banks have stood up to tied with ripple which automatically makes it pretty centralized. So until lots and lots of banks join in with their capital as a trust network this coin can't be decentralized.
Another point to note is that XRP transaction fees is paid by burning XRP. Which means getting it out of supply and naturally increasing the price at a very low scale. For eg. if 0.5% of the total XRP you sent have got burned in fees the remaining 99.5% will now automatically increase in value by some proportion simply due to law of price & supply. This doesn't looks as a big issue now but surely mass adoption and widespread usage will make it look worse as it will be an ever inflating currency.

It is still debatable whether XRP is really a shitcoin but I would be cautious to any project that holds 70% of its supply due to the fact that it may turn ugly at the end.

zhengqi

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I believe that if you do not have facts that can prove in court the fact that the project is a scam and shitcoin, then do not mislead others. I have been an investor in Ripple for a long time and managed to make money on this crypto currency many times, so why should I consider a coin a shitcoin?

leea-1334

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Quote from: BlackFor3st on May 15, 2019, 06:30:53 PM

You have a good information to consider XRP a biggest shitcoin. I wonder also if you have invested in XRP before or you are only a trader who wants to stop in trading shitcoins like XRP as you have mentioned.

Other traders and investors have different views, others just didn't care about the project structure as long as they earn. But I am pretty sure that your voice will be heard especially if this kind of monopoly will continue.

Yes,,, this is the point to remember that for as long as there are markets offering these coins for trading, there are majority of traders who are speculators. And speculators do not care about technology or structure. This is why XRP is a beauty for them, they know it is controlled and can be even more controlled by the founders and their foundations. They want to ride that wave, not stay away!

Lakai01

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As an XRP-investor you have to keep in mind that Ripples main market is the banking sector, if they fail to convince financial institutes to use XRP, Ripple as a company fails, too. There is a strong competition in this market, on the one hand XLM with the backing of IBM (which still offers the hardware 90% of all banks use) and on the other hand the JPM-coin released last year. The latter gets already adopted by big banks as an easy way to tranfser money in no time due to the fact its not available to the masses and therefore the price is stable. A bank will never use any currency which may lose its value in the blink of an eye

crwth

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I haven't thought about it that way but I know that it's a centralized coin and are controlled. Most of the points that I wanted to know is already on your post so since it's like that, what's so wrong about it? It's not that I'm in for the centralization but I'm in for the fact that it's changing how the people transact. Maybe there are a lot of people that could be exposed to XRP coin then shift to Bitcoin or another "better" coin that you say (if you are comparing it to XRP because you say it's a shitcoin)

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Quote from: masulum on May 15, 2019, 03:19:09 AM

Maybe for some people XRP is shitcoin, but community and trader still receive XRP as one of blockchain currency even they are centralized. I dont think if XRP is shitcoin, because their technology adopted by enterprise.

Its true, if we are looking on daily transaction volume, XRP Coin never traded below $1 millions per day. This coin traded in many big exchangers and i think XRP is not a shitcoin. I am not like XRP but i dont think XRP is bad investment

setialovers

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As basic facts, when extremely negative news, or topics on Ripple appear, the coin takes off. It is the basic rule not only for Ripple, but also for bitcoin and other altcoins. I agreed that it is not good with centralization and 100% premined (same as most of shit proof-of-stake / masternode coins that don't have Proof-of-Work phase) but Ripple actually has its use-case, and widely accepted. So maybe it is reasons why people overvalued it in 2017, and regularly turn into FOMO with Ripple. Today, and next few days, please enjoy the bull run of Ripple rather than complaint about it. It has risen nearly 40% since its bottom around 4000 satoshis days ago.

Even i am agree with OP, but i am agree that XRP widely accepted and have partnertship with a lot banks in the world. I dont have investment on XRP but i think Ripple have big community

Virtual miner

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Quote from: chenille on May 13, 2019, 08:30:26 PM

The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.
To be prepared it's also important to know the dangerous shitcoins and avoid them.

The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:

XRP has not a decentralised blockchain, XRP is centralised and is often called the coin of banks. This is bad because the banks are keeping their centralisation + power and get even richer.
XRP is 100% premined and that is part of the centralization problem.
The team of Ripple own almost 70% of all XRP, which is unethical.
The coin XRP is useless if Ripple decides to change the system (that's possile and can happen when Ripple has made enough profit for the team or the banks want it).
The market and the media are manipulated by Ripple with fake news: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
and a large number of user comments on the internet are not from normal users, it's paid from Ripple to manipulate the people. XRP marketing can be compared to BCash marketing spreading lies.

Please everyone, if you have more warnings to add, please comment!

Great post by you and you have touched upon some great facts. Let me bring in knowledge some more facts that highlight even more deceptiveness of the creators of this coin.

It is known that around 32570 initial blocks of the ripple blockchain are missing from the ledger. So the nodes are never able to retrieve the data from these starting 32570 nodes which makes it quite fishy as one would never know what transactions happened in these blocks therefore technically making this chain un-auditable forever.
The coin started to create a P2P lending network which would be based merely on trust however the trust network are known to be un-reliable. Because only a few banks have stood up to tied with ripple which automatically makes it pretty centralized. So until lots and lots of banks join in with their capital as a trust network this coin can't be decentralized.
Another point to note is that XRP transaction fees is paid by burning XRP. Which means getting it out of supply and naturally increasing the price at a very low scale. For eg. if 0.5% of the total XRP you sent have got burned in fees the remaining 99.5% will now automatically increase in value by some proportion simply due to law of price & supply. This doesn't looks as a big issue now but surely mass adoption and widespread usage will make it look worse as it will be an ever inflating currency.

Topic: Arguments against XRP, the biggest shitcoin. - page 2. (Read 835 times)