XRP might turn into liability to better to be careful with that and don’t go all in because the issues with XRP is still there and we don’t know what will happen even if XRP already settle the issue with SEC, FUD can still be there.
If you want an asset that has a potential to pump higher then go with Bitcoin nothing more because BTC is the best choice above all so don’t compare it with the altcoins.
Topic: Is this asset or security (Read 96 times)
XRP and asset haha XRP is the dead project nothing more than that. The founder of XRP destroyed its own reputation. I remember there was a time when xrp was considered as 3rd or 4th most valuable altcoin in the market and people use to grab each and every small opportunity to join the community but now I see XRP worse than Dogecoin.
Please dont even use to compare the BTC with any altcoin.
BTC >>>> Whole altcoin market.
Please dont even use to compare the BTC with any altcoin.
BTC >>>> Whole altcoin market.
Well it depends on your perspective, XRP is a tradable coin and also has good market value making it an asset for some people. It is also a security based coin due to its origins.
I have seen some privacy based coin that even allows it’s users send anonymous transactions and still And asset that aren’t Doing badly in the market
I have seen some privacy based coin that even allows it’s users send anonymous transactions and still And asset that aren’t Doing badly in the market
Bitcoin is a commodity & every other crypto asset is a security. It’s just the way it is, it’s not a bad thing. You can still make a lot of money in altcoins, it’s just they are mostly all centralised. You can make higher returns in alts than bitcoin so don’t be put off by them being securities.
That's what I find weird with XRP. It has the qualities of both an asset and a security, but it is neither of them. I just treat it as your normal cryptocurrency wherein I can buy and sell it, or hold it in hopes of getting price appreciation in the coming years. The company behind it, Ripple Labs, doesn't really do much about it anyway. They just push updates and that's it, not like some kind of a central bank that decreases or increases the amount of XRP circulating in the market.
It is indeed weird that XRP has the qualities of both security and asset. This is the reason why I said it because XRP is centralized which is why it is a security where they can stop all transactions just like what happen with binance and an asset because of low transaction fees and very the same as other cryptocurrency. I may be wrong about all of it so feel free to correct my mistakes. I always use XRP when I transfer from an exchange to my wallet before I sell it to fiat and also when I deposit to a casino that accept XRP. 
XRP is issued by a company Ripple making the XRP centralized and so it's considered Security by the SEC.
That's how the SEC categorizes assets. Sec Gensler already has said over and over that XRP is a security. The majority of cryptocurrencies are security and only BTC is a commodity. Bitcoin is generated by mining just like Gold.
It's why XRP had been battling issues with SEC for a long time. If XRP loses, I think the rest of the tokens will also lose.
This one, and that is why we have these legal battles, and most probably SEC will have the final say here as they consider it as a security. So it's a bit complicated for some crypto enthusiast as it involved legality already, so the better approach is just to way for the official documents and how this case will turn out later.
I will stir away from watching youtube though, each and every influence has it's narrative for it.
https://cointelegraph.com/cryptocurrency-regulation-for-beginners/the-sec-vs-ripple-lawsuit-everything-you-need-to-know
XRP is issued by a company Ripple making the XRP centralized and so it's considered Security by the SEC.
That's how the SEC categorizes assets. Sec Gensler already has said over and over that XRP is a security. The majority of cryptocurrencies are security and only BTC is a commodity. Bitcoin is generated by mining just like Gold.
It's why XRP had been battling issues with SEC for a long time. If XRP loses, I think the rest of the tokens will also lose.
That's what I find weird with XRP. It has the qualities of both an asset and a security, but it is neither of them. I just treat it as your normal cryptocurrency wherein I can buy and sell it, or hold it in hopes of getting price appreciation in the coming years. The company behind it, Ripple Labs, doesn't really do much about it anyway. They just push updates and that's it, not like some kind of a central bank that decreases or increases the amount of XRP circulating in the market.
Personally, I am not sure, I'm 60% convinced that XRP is a security since it is backed by a company (which could be profiting from it).
The word security in finance, refers to something that can be traded and produce gains to a company (e.g, stocks).
XRP is not to be even compared with Bitcoin in both limited supply and in security. As a newbie in the crypto space, don't consider Altcoins, Bitcoin is safe to invest if you know you don't want to loss money in Altcoins.
The OP does not refer "security" as it seems you define it. The word security in finance, refers to something that can be traded and produce gains to a company (e.g, stocks).
I'm bit confused to decide that XRP is security or asset like BTCBTC
For asset : XRP have limited supply of 100 billion tokens
For security : it's security because it's a company,
I am confused by watching this, the link is at that time : https://youtu.be/RI4xEHI7tGg
Help me to decide please,
For asset : XRP have limited supply of 100 billion tokens
For security : it's security because it's a company,
I am confused by watching this, the link is at that time : https://youtu.be/RI4xEHI7tGg
Help me to decide please,
For me, XRP is not an asset. The simple reason is that it has a company backing it up so they closely control it's supply in the market. So it has less volatility and also they are focused on cross border payment business where they have already got multiple clients. XRP is very centralized in nature and not comparable with bitcoin in any way.
So I won't consider it as an asset.
I believe every assets are securities. We could say XRP coins are shares of the company which created them, so you as an investor acquire those shares in form of assets or securities expecting future profits through the sale of the coins or through staking them for passive income, that could be compared to the regular payments shareholders receive from the companies they hold assets in traditional markets.
Most people are gonna to say.
XRP is security, you want to know why? Because XRP is being control by XRP Foundation, since they're really fully Centralized and being control by them. It's make a lot assumption from other people they're security.
Even, there has some filed against them they're security because have centralized ecosystem.
XRP is security, you want to know why? Because XRP is being control by XRP Foundation, since they're really fully Centralized and being control by them. It's make a lot assumption from other people they're security.
Even, there has some filed against them they're security because have centralized ecosystem.
You have the resources to decide does XRP is a security or not based on the video, and you know where you live which you can refer to any regulation that acknowledges and applies in your country. It is absurd to let others influence and set a stand for the XRP category when you should have known better about it.
When you say you are confused, you should elaborate what is the point of your concern, instead of blindly letting others dictate your decision.
When you say you are confused, you should elaborate what is the point of your concern, instead of blindly letting others dictate your decision.
XRP is not to be even compared with Bitcoin in both limited supply and in security. As a newbie in the crypto space, don't consider Altcoins, Bitcoin is safe to invest if you know you don't want to loss money in Altcoins.
I'm bit confused to decide that XRP is security or asset like BTCBTC
For asset : XRP have limited supply of 100 billion tokens
For security : it's security because it's a company,
I am confused by watching this, the link is at that time : https://youtu.be/RI4xEHI7tGg
Help me to decide please,
For asset : XRP have limited supply of 100 billion tokens
For security : it's security because it's a company,
I am confused by watching this, the link is at that time : https://youtu.be/RI4xEHI7tGg
Help me to decide please,
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