Arguments against XRP, the biggest shitcoin. - page 3.

shesheboy

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Quote from: RapTarX on May 16, 2019, 02:48:09 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 .

ZloiRediska

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I can't understand why there's so much negativity towards Ripple... Regarding centralization and relations with banks, I want to say that most of the projects have a similar situation. I think it's all black PR.

Mpamaegbu

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Quote from: chenille on May 13, 2019, 07:30:26 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.

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

If we warn the Noobs, how is FOMO going to be possible to drag up the shitcoins? Shocked

On a serious note, I don't know why investors and hodlers still look the way of XRP as a viable coin. A coin that only rose above $3+ as ATH since its creation in 2013? That coin should've long been death if not for all the positive reviews on it (though these reviews haven't translated to positive price movement.) Ripple is one of the coins with huge volume I don't ever wish to hodl.

RapTarX

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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.

lionheart78

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Quote from: masulum on May 15, 2019, 02:19:09 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.

For now yes it is not a shitcoin but 70% of token supply is owned by the Ripple team, when they decided to exit.. that will be the time it will become a shitcoin.

Quote from: RapTarX on May 16, 2019, 02:48:09 AM

It doesn't fit to be called as a cryptocurrency.

It is fit but does not belong to decentralized cryptocurrency.

Samboo

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I think anyone can have their view about anything. All of us are free to argue about coins. But there are a large section of the people who are supporting the coin and its development. I am one of them not just because I have some connection to it or I have invested in it. Just because I am a strong believer in Ethereum and bitcoin, I like it. And I do believe in it as it has been every much active and doing hard to make the project a success. It has been forging partnerships with different banks and big organizations across the globe. It is not scamming the people.

mustafayasinsenturk

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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.

SirLancelot

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Quote from: masulum on May 15, 2019, 02:19:09 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.

I didn't say xrp is a shitcoin and I would never refer to it as that because I know they have a working project with potentials, the only problem I have with xrp is that their platform is very much centralized which is against the rule of the blockchain that satoshi intends for us, what we need in the crypto space is not a centralized system but a decentralized and distributed system like bitcoin, I believe no matter the project that is being created in the crypto space, it is expedient to follow the pattern laid by the founder.

BlackFor3st

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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.

zero714309

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The funny thing is when im reading this thread XRP price already raising by day to day and the price is increased. Even your word is right and even we say all altcoin is shitcoin we still (trader or investor) need altcoin to get profit.

mrdeposit

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All your words are absolutely right. What interests me, most of us know about it, then how the price was increased so much. Already the price increase is over 40% and XRP is still in third. Huh

Bitcoin Smith

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We cannot easily say this currency will not going to perform in the future well so in this time that Ripple also developing little by little so we cannot say this will be worth for investment and also we cannot say this will not had a bright future everything all about how investor making its useful things for his profit

sri.bima

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Maybe I have known for a long time about XRP which has no decentralized blockchain and centralized XRP. But I don't understand the reason the Market and the media are manipulated by Ripple with fake news. Will this continue until everyone is aware of XRP fans? Then why until now XRP is still popular? I am a little confused to understand the truth.

Capt00

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If I'm not mistaken when I was first heard that XRP was manipulated by the government of India and it is a centralized coin.
I invested this coin way back in 2017 which is this coin is more profitable than now, unluckily I 've lost 40% from my investment because I sell it when I know that it was a centralized coin and at that time XRP price was continuously dropping out the price. I personally ignore this coin.

rjp55

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XRP is really a shitcoin a centralized one.

It is speculative, have a very limited purpose and everything can happen without it, so it is basically shitcoin.

chocopapaya

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To make sense of what the op said consider these things:

-Ripple has all the coins premined AND they own the vast majority of them.
This means that they have the power to manipulate the price of the coin anytime they want.
In fact, this has been the case. XRP regularly pumps then dumps. It is the company Ripple unloading coins onto the market and cashing out.

-XRP is a centralized blockchain.
This means that it is not open source, distributed, or transparent. If that's the case, there is no need for blockchain at all.
They are only using crypto as a fad to sell their product more when the core technology has no use since its centralized.

-Fake news
This one has been well documented. Just google it. All of the "major" partnerships they have with banks aren't real.
Their announcements are misleading. Their market penetration is not anywhere what they claim it to be.

Put these all together and what you have is an unethical company you shouldn't deal with.
On top of that, the price of XRP is totally speculative. It is not sustainable and will eventually crash spectacularly.

kindbtc

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Although there are a lot of arguments against xrp and i know it is not decentralized and is run like a corporate company but i would say that i still like it because it is one unique project and as its name says it has already created a ripple effect among the financial and banking system so i see its importance for the future as well.

hummer113

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A great post for beginners who will now begin to come to the forum, I want to add that this does not prevent people from making money on XRP trading.

bitcoinmar

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What you say most people know from a long time ago. When the project was started, the fact that you said Ripple was manipulated with fake information is not true. The recognition of banks and organizations using Ripple's technology has been confirmed long ago

tytanhamon04

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Quote from: chenille on May 13, 2019, 07:30:26 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!

I agree that the Ripple does not have a positive future ! All people think that their growth provoked the demand for the coin, but I believe that this is not so as the main task of the developers is speculation ! I think that most people lost money than earned on growth !

Topic: Arguments against XRP, the biggest shitcoin. - page 3. (Read 861 times)