Topic: Is Ripple a scam? Shocking Forbes article about XRP !!! (POLL ADDED) (Read 504 times)
March 14, 2019, 02:36:52 PM
There's a big difference between actual Forbes and a Forbes contributor, something anyone sign up and do.
March 14, 2019, 02:27:11 PM
I just though of something, after reading the article more carefully.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
To explain the Ripple business model, I have compiled the graph below.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.
Exactly that is why I wanted to ask the community for a second opinion.
Every day I see news about new companies are taking advantage of the Rippelnet network and other Ripple products.
This just can't be fake. Yesterday I read that SWIFT will use RippleNet. Is just overwhelming news.
March 12, 2019, 11:00:21 AM
I just though of something, after reading the article more carefully.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.
This guy and a lot of XRP haters are basing their statements on an issue that is common in every currency except metals, the fact that XRP was issued from thin air.
To explain the Ripple business model, I have compiled the graph below.
Oh yeah? And how are US Dollars being valued? How are Venezuelan bolívar being valued? What are their worth? What is Bitcoin's worth? It's electricity?
As long as Ripple is offering services based on the XRP coin and people "demand" it but the "supply" is limited, it's not a "worthless token" as they call it.
March 12, 2019, 10:47:23 AM
One of the 1st things one must do before taking an article seriously is to research its writer. I checked the history of the guy who is signing it and he seems to be at least sceptic over cryptocurrencies, not against it though.
He seems to be supporting JPMcoin and after the announcement of JPMcoin he's attacking Ripple... coincidence?
I'll make a wild guess (yes, a guess without any ground): "He's an investor of JPM and he's trying to shift people's opinions against Ripple and in favour of JPM."
Well... we can't for sure.
Wouldn't you say that XRP is more suited for microtransactions in POI though? Sure the little higher transaction fee BTC has in comparison to XRP isn't such a big of a deal right now, but the speed is very important when you're in a local shop. Can you imagine paying with your card and having to wait 5 to 20 minutes for the transaction to finalise?
I know, there's the lighting network, but until I see it I can't comment on it.
He seems to be supporting JPMcoin and after the announcement of JPMcoin he's attacking Ripple... coincidence?
I'll make a wild guess (yes, a guess without any ground): "He's an investor of JPM and he's trying to shift people's opinions against Ripple and in favour of JPM."
Well... we can't for sure.
I don't think Ripple or XRP is a scam, but I am not really interested in the cryptocurrency either. Given the large number of partnerships Ripple has gained, it appears financial leaders see value in the project. It seems XRP is more tailored to banks and financial institutions, whereas I see bitcoin and other cryptocurrencies for ordinary consumers and microtransactions.
Wouldn't you say that XRP is more suited for microtransactions in POI though? Sure the little higher transaction fee BTC has in comparison to XRP isn't such a big of a deal right now, but the speed is very important when you're in a local shop. Can you imagine paying with your card and having to wait 5 to 20 minutes for the transaction to finalise?
I know, there's the lighting network, but until I see it I can't comment on it.
March 09, 2019, 04:23:51 PM
Though I don't like ripple and I don't I would ever like their project.
I don't think ripple is a scam, this should not be a new news in the crypto space about calling a project scam even if it's obvious that it is never and can never be a scam project.
Bitcoin has been called scam so many times that we are even beginning to loss count, but up until now we haven't seen bitcoin turning out to be a scam, rather all those that called it a scam are not the top investors in the technology.
I don't think ripple is a scam, this should not be a new news in the crypto space about calling a project scam even if it's obvious that it is never and can never be a scam project.
Bitcoin has been called scam so many times that we are even beginning to loss count, but up until now we haven't seen bitcoin turning out to be a scam, rather all those that called it a scam are not the top investors in the technology.
March 09, 2019, 06:19:56 AM
Even this is fact I doubt ripple lab would let xrp price goes down further they would make a strong support to .3$ level and create more positive news and make the price pump to gain interest from investors. As a 3rd biggest crypto currency base on market cap this could not easily stumble down by FUD.
coins like XRP are on a downtrend and it is not avoidable because they are useless and also have a huge supply of them around that the company has been magically producing and dumping on the market for millions of dollars.
them pulling additional scams is just the cherry on top that helps them make more money otherwise everyone knows these types of coins have an expiration date.
March 09, 2019, 01:02:09 AM
Even this is fact I doubt ripple lab would let xrp price goes down further they would make a strong support to .3$ level and create more positive news and make the price pump to gain interest from investors. As a 3rd biggest crypto currency base on market cap this could not easily stumble down by FUD.
March 08, 2019, 09:00:09 PM
I don't think Ripple or XRP is a scam, but I am not really interested in the cryptocurrency either. Given the large number of partnerships Ripple has gained, it appears financial leaders see value in the project. It seems XRP is more tailored to banks and financial institutions, whereas I see bitcoin and other cryptocurrencies for ordinary consumers and microtransactions.
March 08, 2019, 08:43:45 PM
I can't say ripple is a scam, because it is already getting used by some banks around of the globe.
But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.
But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.
If you have read my post you have seen that the author of the article I have based on was full of doubts an accuses Ripple that he pays banks to be his customers.
Today I read that another big payments provider is using Ripplenet and is very happy because reduced costs for almost 80% in an established crypto news service.
Both magazines are good known and with a reliable reputation and both spreading different news. One says Rippel is a pump and dump and the other premises success of the Rippelnet network and new says that new clients emerging.
I keep reading both kinds of news about Ripple lately and we can see clearly from this thread that the community is divided too. I think a pool would be a good solution here. I will try to add a poll with a simple yes-no answer to have a clear few.
March 08, 2019, 03:38:36 PM
I can't say ripple is a scam, because it is already getting used by some banks around of the globe.
But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.
But it is shady as hell. There are lots of red flags about it, so i always choose to avoid from it.
March 08, 2019, 12:48:00 PM
XRP no longer looks like a scam. Today you can see a very large number of scam projects that are already on the market. They today have a pronounced character. Today, they are very, very much. I think that they will constantly have a real chance of becoming more and more dangerous.
March 08, 2019, 10:15:07 AM
People have been saying the same thing for years yet all the new people or even some old people are shocked and some of them even deny this when told. Ripple is a company who made their capital from selling a fake ass coin that doesn't provide ANYTHING at all and preminted so they could have ALL the coins for themselves and sell whenever they need to and buy whenever the price goes a bit low.
They managed to convince rich people and big banks to use their platforms because they managed to sell millions of their coins to people who didn't know any better and used that money for marketing and sucking up on these people.
Ripple will be caught one day, I am betting 100% that one day IRS or FBI or whoever will arrest people at Ripple for fraud because pumping and dumping a coin constantly to make yourself richer could not be just considered a legal thing. They are as scammy and shady as it gets.
They managed to convince rich people and big banks to use their platforms because they managed to sell millions of their coins to people who didn't know any better and used that money for marketing and sucking up on these people.
Ripple will be caught one day, I am betting 100% that one day IRS or FBI or whoever will arrest people at Ripple for fraud because pumping and dumping a coin constantly to make yourself richer could not be just considered a legal thing. They are as scammy and shady as it gets.
March 08, 2019, 06:30:55 AM
Any company that gives its former owner millions to dump each month is a scam. Don't know why people invest in this coin
March 08, 2019, 05:36:17 AM
Here is the whole article: https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/#1593fc4679a4
I can understand what are they tolding us that article which you are mentioned.
But I don't think it is SCAM. It is manupilative, not decentralized and not good for me too but they are not SCAM! They are working well and they are trying to create a new method based on blockchain.
As far I know, Ripple coin used for banking transaction and i dont think its a scam because Ripple Network used by many banks in the world. Ripple is good coin and have big community with huge daily transaction volume, and i think its about our perspective on Ripple
Everybody is blindly repeating after Ripple executives that Baks are using RippleNet protocol and their additional products like xVia, Xcurrent.
Like the author said this is not confirmed and there is a suggestion in the article that Ripple pays them to do it.
I don't know what is the truth right now and that is why asked community for an opinion and discussion.
March 08, 2019, 05:01:11 AM
Here is the whole article: https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/#1593fc4679a4
I can understand what are they tolding us that article which you are mentioned.
But I don't think it is SCAM. It is manupilative, not decentralized and not good for me too but they are not SCAM! They are working well and they are trying to create a new method based on blockchain.
As far I know, Ripple coin used for banking transaction and i dont think its a scam because Ripple Network used by many banks in the world. Ripple is good coin and have big community with huge daily transaction volume, and i think its about our perspective on Ripple
March 08, 2019, 04:47:14 AM
Here is the whole article: https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/#1593fc4679a4
I can understand what are they tolding us that article which you are mentioned.
But I don't think it is SCAM. It is manupilative, not decentralized and not good for me too but they are not SCAM! They are working well and they are trying to create a new method based on blockchain.
March 08, 2019, 04:43:54 AM
I can't remember the last time I bought a ripple. the thing I remember is XRP made my money burn. too much manipulation for the XRP market, so I think this is a high-volume shitcoin. a lot of people lost because they held the ripple last year, you know when their prices rose slowly only in a sudden time the market was dumped
to be fair that has nothing to do with this topic and Ripple being scam or not. XRP is simply a pump and dump shitcoin which is why some people who are not familiar with pump and dumps or don't want to accept it, lose money because they end up getting on board with the pump too late or end up bag holding. if you improve your timing then you start making better profit too.
March 07, 2019, 11:25:11 PM
Ripple does look valuable, especially in capitalization in the third position, and not far from Eth. I just think that Ripple is still worthy of being a digital asset in a certain period of time or as desired. Can be used as a trading day that might indeed have a slight advantage.
March 07, 2019, 10:56:05 PM
haha, so much fiction happening in this thread. Here's another Forbes article to consider...
https://www.forbes.com/sites/thomassilkjaer/2019/03/07/14-common-misunderstandings-about-ripple-and-xrp/#ad4292371d0b
Don't believe everything you read and do your own research. Lots of other misunderstandings cleared up here:
https://fudbingo.com
https://www.forbes.com/sites/thomassilkjaer/2019/03/07/14-common-misunderstandings-about-ripple-and-xrp/#ad4292371d0b
Don't believe everything you read and do your own research. Lots of other misunderstandings cleared up here:
https://fudbingo.com
March 07, 2019, 10:02:14 PM
Ripple is not a scam and htey have a good price in the market.
Though i believe that the movement and the supply is being manipulated by its own team.
Have no proof but this is what i am thinking which made me decide to stay away from this one.
Though i believe that the movement and the supply is being manipulated by its own team.
Have no proof but this is what i am thinking which made me decide to stay away from this one.
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