CAN RIPPLE SURVIVE? - page 5. | Bitcointalksearch.org

doomloop

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Quote from: Miaallen on January 26, 2021, 01:36:19 PM

Another report came out a week ago that the UK treasury has classified XRP as non-security asset and this is different from the law suit by the US SEC filed against XRP.

Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?

We are not really sure if they are going to be surviving this, or do they plan on moving from the US to another location? Even that is going to affect them, because if they should leave the US and move to another country they are going to be affected since they will have start from the scratch.

Another problem they are having now is that a lot of exchanges including Coinbase, BitStamp, Okcoin and a lot of them have delisted XRP from their exchanges, a lot of investors are dumping their XRP tokens because of the fear of what will follow, the value has dropped heavily more than fifty percent.

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Quote from: msarro on January 29, 2021, 09:51:59 AM

Survive in what? even though the ripple was delisted to some known exchanges you can see its price right now that it will almost reach $0.3 for me I really think they already survive it. Well let's see what will happened in the next few weeks.

It will definitely find way soon to still survive in their situation, it may be hard now since they need to set their plan again on what to do next but there are still many who believes in it but since they were Delisted in many exchange some already lose hope, only those who really plan in long term can still managed to hold and bear the news and possible more delisting that about to happen.

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Quote from: FlashAlex on January 29, 2021, 10:08:52 AM

XRP can surely get out of their mess and bounceback strong given that they have one of the most dedicated fanbase in crypto. Some also prefer to use XRP for their usual crypto transactions I.E Withdrawal and Deposits for their speed.

KuCoin Exchange recently gave support for the coin by releasing a campaign that rewards users for Trading XRP

Tho westerners arent fond of XRP anymore, Asia seems to be a fitting market for it.

I am also feeling this will survive but this will take some long time because its not easy to handle this all if they will guilty then surely they have to face some big fines but most chances they will bounce back and try to improve issues which are creating problems for them if usa authorities ban this coin then still its good market available outside USA which is good for this coin specially few Asian based exchanges doing some positive for this coin which is good for his survival.

inanilujimi

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to be honest in crypto this is commonplace, I've also heard that in 2017 bitcoin was banned in China which caused bitcoin to collapse in the middle of the year and rose at the end of 2017 to break everything, as well as what happened to xrp, anything can happen in this market. if they finish well it is not impossible that they will get better trust.

FlashAlex

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XRP can surely get out of their mess and bounceback strong given that they have one of the most dedicated fanbase in crypto. Some also prefer to use XRP for their usual crypto transactions I.E Withdrawal and Deposits for their speed.

KuCoin Exchange recently gave support for the coin by releasing a campaign that rewards users for Trading XRP

Tho westerners arent fond of XRP anymore, Asia seems to be a fitting market for it.

msarro

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Survive in what? even though the ripple was delisted to some known exchanges you can see its price right now that it will almost reach $0.3 for me I really think they already survive it. Well let's see what will happened in the next few weeks.

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Quote from: rizkyalhabsy on January 29, 2021, 05:47:36 AM

I think XRP is a very strong coin, it can stabilize quickly when a dumping attack occurs. I'm sure he can return to their position, this is just my opinion

Strong for what? ripple can sustain just because it has a lot of premined coins that regularly dumped to the market to keep the company is alive.
Ripple can't sustain even longer again when SEC will be winning the case.
The only possible thing for ripple right now to return after SEC was losing the battle against this foundation. As long as the case is not yet finished and ripple will never see its future. So many times this foundation got accused by so many parties

hulla

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Quote from: rizkyalhabsy on January 29, 2021, 05:47:36 AM

I think XRP is a very strong coin, it can stabilize quickly when a dumping attack occurs. I'm sure he can return to their position, this is just my opinion

XRP is definitely not a strong coin but a manipulated coin that was supported by the Japanese investors so the company can possibly move their business to Japan when the legal suit against them is settled. However, I will advise you not to trust the price growth this coin provided because the CEO hold 45-70% of the coin so that it easy for him to manipulate the coin price as he wants.
Having said that, the coin will survive the US SEC lawsuit but will lose its reputation and people will see it just like how they see LTC

Novatech8

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XRP have another issue with lawsuits in florida, this is new compares to the one on ground weeks ago now, this can be a big problem for this project, I just hope they end up standing strong like they always do, this space without XRP will sucks cos it's one of my favorite altcoin for trading

rizkyalhabsy

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I think XRP is a very strong coin, it can stabilize quickly when a dumping attack occurs. I'm sure he can return to their position, this is just my opinion

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Quote from: tippytoes on January 28, 2021, 04:41:22 PM

Quote from: ?? on ??

I think ripple will Survive because 90% of xrp trading is done outside US.
WHATEVER the SEC says only effects xrp for US users.
But if u think about Investing in this coin better u don't do that and find another stable coin.

Reading the forecasts of analysts, I am more and more convinced that Ripple will face a long litigation. I would not waste my time on a notoriously losing project. Moreover, there are many really promising alternative coins on the market now. Therefore, it is better to switch to more reliable options.

I also believe that this situation will not be a good time to invest on XRP. As we don't know what may happen on their SEC's lawsuit, it is like your funds are in hostage position if you will invest now on this coin. Though there may be possibility that they can get out of this mess, but I think it is better to invest in XRP once you see some light at the end of the tunnel. But right now, it is very risky, as SEC can totally shutdown their operations if they can't manage to come up with terms mandated by SEC.

SEC shutdown Ripple's operations? remember, Ripple is not a small project, this is a big project,
it will be very difficult for the SEC to stop the operation of Ripple, especially since this project has collaborated with several banks around the world,
the SEC will not be easy to fight Ripple, look at the current market situation, there are still many who believe in XRP,
because XRP will explode in the future after this.

tippytoes

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Quote from: ?? on ??

I think ripple will Survive because 90% of xrp trading is done outside US.
WHATEVER the SEC says only effects xrp for US users.
But if u think about Investing in this coin better u don't do that and find another stable coin.

Reading the forecasts of analysts, I am more and more convinced that Ripple will face a long litigation. I would not waste my time on a notoriously losing project. Moreover, there are many really promising alternative coins on the market now. Therefore, it is better to switch to more reliable options.

I also believe that this situation will not be a good time to invest on XRP. As we don't know what may happen on their SEC's lawsuit, it is like your funds are in hostage position if you will invest now on this coin. Though there may be possibility that they can get out of this mess, but I think it is better to invest in XRP once you see some light at the end of the tunnel. But right now, it is very risky, as SEC can totally shutdown their operations if they can't manage to come up with terms mandated by SEC.

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Quote from: Miaallen on January 26, 2021, 01:36:19 PM

Ripple (XRP) has been suffering series of hindrances from regulatory body (The US SEC) since late last year. The attack led to a litigation in a US court leading to panic sales of XRP from majority of their investors. The litigation in the US saw the co-founder of XRP who happens to be the CEO of Stellar XLM sold his XRP. This created more fear among the investors before XRP started to gain the market loss back in January.

Another report came out a week ago that the UK treasury has classified XRP as non-security asset and this is different from the law suit by the US SEC filed against XRP.

Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?

I am suprised Ripple has survived as long as it did. The community was always split on Ripple. Already years ago it was under suspicion to be a Trojan horse of the banks. Then it is centralized and the token supply is not really limited. What can Ripple do that other projects cannot do better? There is a lot of better places to put your money if you want to bet on CEFI and DEFI connecting like Chainlink, Allianceblock or Ocean Protocol.

Ronny29

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I think such a scenario is possible only after SEC comes off XRP.

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Quote from: Finestream on January 28, 2021, 06:22:50 AM

^[snip]

Quote

Will this mean the XRP might be back to it's position in the Cryptocurrency community soon?

The damage has been done, climbing back to the spot where XRP was rank before is hard, unless US would change their view.

Well I agree with you on this, but I worried if there is someone who will manipulate the price, as we know Ripple is a centralized project. I don't see the potential of this coin, that is why I sold them early. Indeed, the damage has been done, and the XRP coin will exist because even though the price is drop. Investors don't lose hope and they still holding some of their XRP because they believed that this is the right time to accumulate more XRP.

adzino

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Who knows.. The lawsuit may take years to settle. In the mean time everyone will be stuck in this "limbo". But people are believing that ripple will be able to fight back and has an upper hand to win the lawsuit. Or the SEC will eventually drop it. Hence, they are buying as much as they can during this dip to maximize the profit. No doubt, if people don't lose their confidence and ripple does win the lawsuit, the price of XRP will skyrocket.
But once again, this is all speculation and the opposite might also happen.

bonjouros

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I am also very curious about this topic because XRP is keep on decreasing right now starting from it's rank, market capital, price and exchanges where it can be exchange.

I cannot blame those investors who are selling XRP as they are only doing what they think is right but base on what I see in the market, there is a big chance that XRP can still recover or survive in the future.

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Quote from: Gozie51 on January 26, 2021, 04:48:16 PM

Ripple in a long time may prove strong by coming back but at the meantime with the law suit still hanging on their neck, I don't see a magic happening and the issue is made difficult because of the sale of the coins of the cofound. Many whales will also follow up by selling their coins. This can cause panic selling and the price may drop more

I hate to see that really. I have been a long time user of Ripple and they have one of the fastest transactions compared to almost any altcoin. As a trader I do not understand why there is so much panic among people just because SEC finds a reason to toast them. I mean Ripple is running for years and still the coin itself has no problems apart from the outside pressure.

Quote from: Twinkledoe on January 26, 2021, 05:25:42 PM

I think they will survive, but they will pay hefty amount to get back in the game. If they violated big time, then, it is time to pay what is owed to the government. But I don't think XRP team will let this platform dies, as there are so many stakeholders or partnerships already. I hope they will rectify this very soon.

Don't think there is a way back even after paying money because what they have lost is reputation and their image among investors which is not recoverable and I am not sure why they are being looked down but the truth is, they indeed are being looked down by everyone. Not going to buy any Ripple but what coins I hold I am not going to panic sell them either because I do not hold too many.

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Quote from: ?? on ??

Quote from: Flowzer on January 26, 2021, 05:31:32 PM

Its logic, but i dont think they can win in the court against SEC. And if its happen, XRP may cant survive anymore. Also if theres opportunity ripple can win against SEC, many exchange already decided to delist XRP, and maybe it will take time to list it back and make XRP price recovery.

it is indeed difficult to win the court, maybe if xrp is guilty their price will fall even worse, I am also waiting for a decision from the SEC and hope there will be a bright spot later, I'm also not sure xrp can win the court, but there's no harm in hoping

Money can talk, for sure if the team are interested enough to create pressures to bail them out from this problem anything still possible since this project are mostly use by banks.

Banks always understand how business works, if they'll see good advantage it will not be hard for them to work this
things out and support the team to resolve this problem.

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Quote from: Tstar on January 26, 2021, 02:48:25 PM

Ripple will survive as it's adopted in too many corporate services and integrated into many eco-systems. So it could be cheaper to keep it alive than rewrite everything. But Ripple will never win the hearts of the crypto community.

Agreed with your opinion, there are more adoption of this ripple coin with cooperate organizations even when it was sued by the US SEC, this shows that ripple will come back to fight for it rightful place soonest. Somewhere in Brazil, ripple coin is been accepted for good and services which means it adoption still growing. I wouldn't say the company won't win back the community but it will definitely take more time to do so.

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