Topic: Arguments against XRP, the biggest shitcoin. (Read 835 times)
Ripple has been in crypto for years, and it is one of the biggest altcoins. Sometimes in its history as well as crypto history, Ripple even took over the second place of Ethereum on coinmarketcap's ranking. It's extremely ridiculous to call an altcoin that have ability to take over Ethereum positions and made flippenings (at least two times) is a big scam coin. I don't think that crypto enthusiasts really support the core ideas of centralized blockchain, from which Ripple started, and it should not be a trend or pattern in crypto. However, in general, I think it is inappropriately to judge Ripple as scam coin.
You're talking nonsense. XRP is a very strong coin with the support of giant financial corporations. Ripple and Bank Santander will provide this cryptocurrency with a great future and functionality.
Cryptocurrency always identic with decentralized system and as you may know Ripple is not decentralized coin but it is centralized coin. So, when Ripple has corporation with the giant financial such as bank and etc then it doesn't means everyone will assume that cryptocurrency has a function for their lives. Even most of them will give a negitive stare to cryptocurrency just because its system not centralized. Because for some people when they heard decentralized system let alone it something that related to money then they will ignore it even will assume that is the scam thing.
Honestly, I don't believe that the ripple is said to be the biggest shit coin. Indeed the ripple is still in centralized system power but I am sure that ripple is not a shit coin. Ripple is present in crypto currencies with the technology that benefits can be felt. For me, as long as a coin provides real benefits, the coin is not worthy of being called a shit coin. I hope that as a wise crypto currency player, we should not be affected and accept the news that is unclear.
You're talking nonsense. XRP is a very strong coin with the support of giant financial corporations. Ripple and Bank Santander will provide this cryptocurrency with a great future and functionality.
Peoples dont care if it centralized or not. To be a human being they just care on getting profits only. We cannot stop others to invest but we can make others to understand what is ripple truth thing. Me myself always avoid this coin because we all dont know when the team will dump this coin and it a very high risk as the team hold over 70% of the coin. What will happen if the team dump this coin.. Just think.
Of course we DO know when they will "dump" it, you just have to do some research
about XRP escrow and stuff
I agree to the fact been said that people wont really mind too much if its either centralized or decentralized ones as long it do gives out potential profit to them.
All coins other than Bitcoin is considered to be shit ones.
Here, now you know too:
https://ripple.com/dev-blog/explanation-ripples-xrp-escrow/
but don't tell anyone, let me and you alone take profit out of this super secret info
I don't know where you got all your facts, but still it isn't too objective. From your posts, it seems you have a bias against this coin.. Anyways, that not an issue. XRP is a coin that despite all the odds it has faced has continue to wax stronger. Personally, i believe nothing can stop this great coin in the future we behold in the crypto world.
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. 
From your speech, you can also confirm that the reason why you are keeping ripple is simply for investment, that is why you believe it will go higher, because if you also believe in what ripple has to offer technologically, you won’t just tie it achievement to its rising value. People you see holding ripple are doing so to just gamble with it and hoping it will increase in price and multiply whatever investment they have in it and not that they are holding it for the main reason why the centralized bank coin was created, this is why ripple may never grow in value, because every slight increase it gets, it is always being accompanied with dump.
Peoples dont care if it centralized or not. To be a human being they just care on getting profits only. We cannot stop others to invest but we can make others to understand what is ripple truth thing. Me myself always avoid this coin because we all dont know when the team will dump this coin and it a very high risk as the team hold over 70% of the coin. What will happen if the team dump this coin.. Just think.
Of course we DO know when they will "dump" it, you just have to do some research
about XRP escrow and stuff
I agree to the fact been said that people wont really mind too much if its either centralized or decentralized ones as long it do gives out potential profit to them.
All coins other than Bitcoin is considered to be shit ones.
Peoples dont care if it centralized or not. To be a human being they just care on getting profits only. We cannot stop others to invest but we can make others to understand what is ripple truth thing. Me myself always avoid this coin because we all dont know when the team will dump this coin and it a very high risk as the team hold over 70% of the coin. What will happen if the team dump this coin.. Just think.
Of course we DO know when they will "dump" it, you just have to do some research
about XRP escrow and stuff
Peoples dont care if it centralized or not. To be a human being they just care on getting profits only. We cannot stop others to invest but we can make others to understand what is ripple truth thing. Me myself always avoid this coin because we all dont know when the team will dump this coin and it a very high risk as the team hold over 70% of the coin. What will happen if the team dump this coin.. Just think.
I will agree with almost all of your arguments here, man. I still do not understand why usual people support Ripple so actively and why they are ready to invest almost all they have in this centralized currency.
Its easy, socialists invest in BTC because its centralized under state control (China), and libertarians believe in free market
and invest into company owned one (XRP)
https://news.bitcoin.com/chinese-mining-threatens-bitcoin/
I will agree with almost all of your arguments here, man. I still do not understand why usual people support Ripple so actively and why they are ready to invest almost all they have in this centralized currency.
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
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.
I don't see XRP as an altcoin for short-term investment. Those who invest in it find it very strong before the market dump (or pump). One thing I learned is that it is always behind the market, it currently only increases by 30-40% compared to the price at the beginning of the year. With the current recovery market, it will rise to $ 1 not far away
Always? I didn't have feeling it was behind in 2017...this picture suggest otherwise
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
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.
I don't see XRP as an altcoin for short-term investment. Those who invest in it find it very strong before the market dump (or pump). One thing I learned is that it is always behind the market, it currently only increases by 30-40% compared to the price at the beginning of the year. With the current recovery market, it will rise to $ 1 not far away
XRP is the best coin if you want to earn some merit fast on this forum.
Just start therad like this
It doesn't really matter if its based on 100X debunked info
Just start therad like this
It doesn't really matter if its based on 100X debunked info
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
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.
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 $0.1I dont think Ripple worthless because if we are looking on daily transaction volume, it seem many investor trade this coin. Many people dont like Ripple but many believers on ripple and i think its normal in any investment field. But i am respect with Ripple achievement because this coin listed in many big exchanger and third coin with biggest market cap value
According to everyone's statement. And from my own parallel experience, we can say that the XRP is an investment currency just like a normal token. However, prices are rising due to market conditions. But it is not a good token.
You are just promoting xrp to people with such posts, irrespective of your points it's survived more than 6 years, they sure have something that's why it has survived.
I agree with the author, I don't see any point in XRP other than the fact that manipulators make money with this coin.
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 
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.
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 
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.
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
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
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.
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.
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
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.
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
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.
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
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 .
Leave it, it's centralized and I am sure none of crypto enthusiastic guy will love it.
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.
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.
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 .
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.
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?
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.
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!
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
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)
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
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
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:
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. 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!
- 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.
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 .
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.
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? Please everyone, if you have more warnings to add, please comment!
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.
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.
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.
It doesn't fit to be called as a cryptocurrency.
It is fit but does not belong to decentralized cryptocurrency.
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.
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.
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. 
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.
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.
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.
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. 
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
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.
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.
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.
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.
It is speculative, have a very limited purpose and everything can happen without it, so it is basically shitcoin.
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.
-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.
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.
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.
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
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:
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 ! 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 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.
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:
Please everyone, if you have more warnings to add, please comment!
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!
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.
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:
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 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!
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.
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?
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.
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. 
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“.
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'.
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'.
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.
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.
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.
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.
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.
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
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.
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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.
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.
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.
I appreciate your opinion about XRP because you review in detail to give an opinion like that even though I disagree completely. I don't think XRP is shitcoin because their development team is doing enough
Ripple has got a good development team which is the one that has made the cryptocurrency to get listed to the top. Quite often we get an statement that ripple is a centralized platform, though it is centralized there is not much of manipulations. The continued partnering of ripple with different financial ventures keep the value of ripple grow further apart from its centralization which is termed as a flaw in cryptocurrency.
I appreciate your opinion about XRP because you review in detail to give an opinion like that even though I disagree completely. I don't think XRP is shitcoin because their development team is doing enough
I don't think I completely agree with your assessment.
Ripple was always very forthcoming with the fact that they were centralized, they've also been very open that they were in control of the XRP supply.
The fact that they're not centralized doesn't make it a shitcoin, that's just your personal definition you're giving it.
They have completely different business model than other forms of cryptocurrency, but that doesn't automatically make it a bad coin.
It has different use-cases, sure, I kinda view it as a link between banks and cryptocurrency.
Ripple was always very forthcoming with the fact that they were centralized, they've also been very open that they were in control of the XRP supply.
The fact that they're not centralized doesn't make it a shitcoin, that's just your personal definition you're giving it.
They have completely different business model than other forms of cryptocurrency, but that doesn't automatically make it a bad coin.
It has different use-cases, sure, I kinda view it as a link between banks and cryptocurrency.
Nothing new about Ripple I think anyone who has enough brains can see what a bad investment Ripple is if you are thinking of the long term. Probably what people do not understand is that even with all the 200 banks of the Ripple network, XRP cannot really grow because none of these guys are actually transacting in XRP. So until XRP is used by these big guys, no price action.
But,,, I do believe XRP will recover to 1 dollar. Temporarily maybe but for sure.
But,,, I do believe XRP will recover to 1 dollar. Temporarily maybe but for sure.
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.
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:
Please everyone, if you have more warnings to add, please comment!
I am just so happy that people are seeing with me what I have been saying about xrp and no longer interested in the project no matter what they have been doing to make sure that their project remains a success, one thing I know in the Crypto space is that you can't force your way to prominence but you can only do it by creating a project that everyone loves and want to be a part of, xrp needs to understand this obviously. 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!
Further information:
Ripple fake news got busted: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
Ripple keeps selling their bags: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Ripple is pre mined: https://coinmarketcap.com/de/currencies/ripple/
Ripple fake news got busted: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
Ripple keeps selling their bags: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Ripple is pre mined: https://coinmarketcap.com/de/currencies/ripple/
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:
Please everyone, if you have more warnings to add, please comment!
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!
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