Arguments against XRP, the biggest shitcoin. - page 4.

webtricks

legendary

Activity: 1918

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Quote from: StatesManG on May 15, 2019, 11:28:45 AM

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

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this could be your perspective and observations about ripple but yet many still buy into it, companies partners with them and make use of xrp as a payment options, traders still trades it. Let's see how it goes in the near future

Greed supersedes intelligence. All investors care for is short time profit. They hardly think about the core of the coin they investing in. I still remember back in 2017, Ripple was selling at the premium 20-25% in India because there was the rumor that XRP gonna surge triple-fold. While in international market XRP was around $2.5 but in India it was selling for $3.3-3.5 and the buyers were the people who don't even knew what blockchain was. They were buying just believing the words of mouth. This explains all.

jonahjonah

newbie

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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 don't have any more warnings, but I totally agree with you. Glad to see like-minded people. Ripple is shitcoin! Cheesy

Herbert2020

legendary

Activity: 1946

Merit: 1137

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.

the best advice that i can give a newcomer is that only because some altcoin has a high rank in some list on a website (like coinmarketcap.com for example) it does NOT mean it is a good altcoin. in fact most of the top ranking altcoins are the worst coins that exist.

as for XRP i can add that they can control all the coins on the network. they have already done it once that i know of where they took the coins of someone (i think one of the devs) without needing him to consent or sign anything.

StatesManG

copper member

Activity: 462

Merit: 10

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!

this could be your perspective and observations about ripple but yet many still buy into it, companies partners with them and make use of xrp as a payment options, traders still trades it. Let's see how it goes in the near future

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Many thanks for posting this thread. XRP is one of the largest threats that cryptocurrencies face right now. The banks knew that it is always easier to destroy crypto from the inside. That's why they created Ripple, which calls itself as a cryptocurrency, but in reality more of fiat than crypto. XRP continues to fool inexperienced crypto users with its inflated market cap and manipulated exchange volumes. I never had any XRP in my wallets and the situation will remain the same even if it is able to overtake BTC.

voltesbit777

sr. member

Activity: 910

Merit: 251

I don't completely agree with your comments. If XRP is a shitcoin, then why XRP is the third largest market capitalization. That's a fact. From the start a lot of crypto enthusiasts are not fan of XRP. Until now, why don't they just leave XRP alone and let the investors decide whether XRP is for real or not. Why some people keep on dragging something that is on top?

enhu

legendary

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If you have been trading XRP though you will see how its going to be a great coin to trade specially if you see how cheap the transaction is. And the volume is very much huge that you can sell the coins you hold to one bid alone. No matter how you want to bring down the holders of the coin, it always end up going to be traded well. If you have bought the coin while the price was 2 cents, you must have projected it from the start.

Script3d

hero member

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Quote from: palle11 on May 15, 2019, 10:28:30 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.

premiumproductss

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And do not forget that Ripple doesn´t mean XRP. XRP is a token created by Ripple, but they do not promise any use of this token on its “financial platform“.

tomahawk9

hero member

Activity: 2086

Merit: 994

Cats on Mars

I don't like XRP, to me it is nothing more than a centralized bankers coin that gets pumped every now and then with flashy news and whatnot and not because of actual development or demand. But, I wouldn't stop people from trying to "invest" in it. Like I said before, XRP gets pumped with dumb news and potential partnerships that end up being lies, but if you're smart, you can actually make some decent profits off of it. Just look at what happened yesterday, just because of a simple tweet from Coinbase, XRP went up by 20% in satoshi levels.

What OP listed is pretty much basic stuff that any long-term holder should know before investing in this coin (the fact that the devs hold 70% of XRP is a big red flag for the long-term). But anyone not worrying about fundamentals who's looking to make some profits in the short-term, this coin might be a decent choice at least compared to way bigger PnD shitcoins/scamcoins that are running wild in the market.

Just remember that, like any other altcoin, investing in XRP is a big gamble, but I'd say it's a safer bet than trying to invest in 'small market caps/under $1 shitcoins vaporware projects'.

bozzy

jr. member

Activity: 47

Merit: 10

Personally, I would never own XRP, I don't really have a problem with it besides the fact that it seems to be the anticrypto crypto. When I first started getting into blockchain and cryptocurrency I was reading about XRP and I was a little excited about it. Then as I started to dig in and realized it was being created by and for the big banks that most cryptos are trying to free themselves from, I lost pretty much all interest. Please feel free to educate me if I didn't understand it correctly. I know a lot of people have been doing really well for themselves trading and holding XRP. Personally, I just can't do it though.

palle11

sr. member

Activity: 2366

Merit: 332

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.

Adriano2010

hero member

Activity: 1414

Merit: 516

Indeed i also think xrp is not a good coin to invest, better choose another coins which is not centralized, and i think the price of xrp will drop over time and is not good to invest on.

bonker

hero member

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No more points needed,when something is centralized it just remembers the same of banking money system we are here because we don't want that to be in future as well so XRP is just a shit coin.

okala

full member

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Not everyone will share the same idea with you about ripple, we know for fact that ripple is the banker's coin and is highly centralized but even at that some traders prefer ripple to some other coins in the market. It all depends on the experience of individuals on the trading ground but even at that we can judge from the price and it chart movement.

anticonformist

newbie

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hey chenille you might like to read my thread i posted a few weeks ago about ripple https://bitcointalksearch.org/topic/ripple-is-a-trojan-horse-5128696

maldini

sr. member

Activity: 952

Merit: 308

Just because Ripple is crypto centralized, then you don't have to think that bad about ripple. Today XRP is in the top 5 to defeat other decentralized crypto, meaning this coin is really well developed. I better choose XRP than shitcoin.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Yes XRP is centralized but don't forget it's one of the oldest coins (since 2013) still existing after going through numerous controversial attacks both from the community and the media that other altcoin won't survive if they were to go through what XRP have gone through, that's to prove irrespective of what you think of XRP they have one of the strongest team in the altcoin-ecosystem and have proven themselves trustworthy over the years unlike some Altcoin that dies off due to the smallest bear market period. Put that in mind when you decide to invest in any Altcoins, XRP have better chances of succeeding and less risk of scamming you than some exit scam shitcoin you're about to invest in.

Awesomus Maximus

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There is no real long term future in Ripple. Some people are using it just to make some money by speculation. I have seen many newbies using holding it. It could be that it appeals to them that it is connected to the banking system. Banks probably instill confidence in newbies. The other advantage newbies may see in Ripple is its low nominal value, so they think they can amass a lot of XRP hoping for a 10 times gains. I have never had any XRP, never will.

Leonardo7

member

Activity: 686

Merit: 15

It's true that XRP is a centralized coin, which the founder own the biggest bag and they can decide to dump big on the market whenever they feel like doing so, but they won't want to kill the project. A guy in my group has been about telling group members to keep buying XRP, I asked members to be-careful of bankers. I will buy some ripple if I had the money and take profit at any slight pump not totally a shitcoin until the team announces otherwise.

Topic: Arguments against XRP, the biggest shitcoin. - page 4. (Read 861 times)