Ripple - SEC END! | Bitcointalksearch.org

Abiky

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Quote from: JamesDaniel90 on August 16, 2024, 04:51:30 AM

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

I think the problem is the huge number of tokens in circulation. Aside from the fact that Ripple (the company) controls a large portion of the circulating supply, and the XRP Ledger itself is utterly-centralized. That's what is holding XRP back. Ripple should sell its holdings OTC, to save the cryptocurrency itself. By leaving everything in the hands of the community, the project will flourish like never before. Developers can decide to burn XRP per transaction to further boost its price. Or they could simply reduce inflation on the protocol.

I'm yet to see if XRP will have success with American regulators further down the road. The SEC may have backed down, but that doesn't mean it will be "reds and roses" from now on. What if Kamala Harris and her team win in November? Then, XRP and the rest of the crypto industry will experience more pain in the long run. The future can't be predicted, so lets hope for the best.

mich

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Well and now there is possible chance this case is not coming to a end. The top lawyer for Ripple named Stuart Alderoty did say it is not a surprise for him if the sec does want to appeal the decision for $125 Million.

And the sec has 60 days if it wants to appeal the decision. https://u.today/ripples-top-lawyer-wont-be-surprised-if-sec-appeals

bitgolden

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Quote from: el kaka22 on August 15, 2024, 02:12:22 PM

I still do not think that we are going to end up with a good price for Ripple at all, it is going to be quite tough and we are going to end up with a bad result. This should be very dangerous for people who keeps on investing into this and that can't be good for any investor. If you keep thinking that they are out and they can be finally free, you are not realizing what just happened. This is 125 million dollar fine, which they are going to pay from the money they made from you, nothing further than that. I think it is going to be not that easy to handle and we can't really consider that as a good thing, we can't make it work any other way.

So, we should probably consider that it is going to be tough to handle, and we can't really make it work if we keep trusting the people who take your money and gets sued. They may end up doing the same, do something illegal, and pay fines with your money and you shouldn't be doing that at all. We should consider that as reality.

There is no doubt that they will not grow faster than the market, that much is known. The main reason is that they are a 10+ year old project with absolutely nothing new that is good, and the risks are just keep growing. Their only point was "lets use blockchain tech as fintech and move money around very cheaply" and that's what they did, that's it, nothing more. Which we all know is just a way for them to make money, and they are using us, so that much is for sure.

I think it's clear that we are going to face some issues, and a lot of people do not know what they are going to do about this, they hope for the best but we all know that it will not happen that easily. So, we need to be careful about these people, they still look quite shady. If they keep on doing these risky stuff then they are going to end up with a lot more problems and with that in mind that means it will also be prevented once again like you said. So I stay away from it and won't ever invest.

betswift

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Quote from: JamesDaniel90 on August 16, 2024, 05:03:11 AM

Quote from: betswift on August 16, 2024, 05:00:18 AM

Quote from: JamesDaniel90 on August 16, 2024, 04:51:30 AM

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see Grin

I hope you will reach your goal.

XRP and Bitcoin are the only two I will hold long term, the rest I will take profits and sell over the next 12 months.

I know I am in the minority believing in XRP but I just have a feeling it will be big in a few years so I am just buying a small amount each month while price remains below $1.

Everybody has coins and tokens to believe, and it's okay as long everybody is happy with what they get, in my opinion Grin

They are good, bad, the ugly, and everybody has their own opinion of each of them. Fingers crossed, you will stick to your plan and get what you intended to get.

JamesDaniel90

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Quote from: betswift on August 16, 2024, 05:00:18 AM

Quote from: JamesDaniel90 on August 16, 2024, 04:51:30 AM

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see Grin

I hope you will reach your goal.

XRP and Bitcoin are the only two I will hold long term, the rest I will take profits and sell over the next 12 months.

I know I am in the minority believing in XRP but I just have a feeling it will be big in a few years so I am just buying a small amount each month while price remains below $1.

betswift

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Quote from: JamesDaniel90 on August 16, 2024, 04:51:30 AM

Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

Hello! Going deep into the trenches of hodl, as I see Grin

I hope you will reach your goal.

JamesDaniel90

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Have been investing in XRP just over a year now and to be honest I expected more price action from this news.

This was supposed to be a massive news, those who have been investing in XRP for over 4 or 5 years had been waiting for this news for years and it hardly went up at all.

I will continue to hold my XRP for the long term as feel the real price action will come in the next bull run in 2028/29.

I think it could potentially reach $3-5 in the next 12 months but that's not enough for me to sell I want $20+ and I think that will come in 4 years or so.

betswift

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Quote from: mich on August 16, 2024, 12:50:57 AM

Well we now know Ripple will pay $125 Million in fines from the ruling of the sec. But there is alot of things that is going to happen now.

https://www.coindesk.com/opinion/2024/08/16/whats-next-in-sec-v-ripple/

Yeah, I like this mainly about this situation: "It's a key loss for the SEC because it takes the wind out of the SEC's sails in other cases where tokens are trading on exchanges, especially if they've been trading there for years".

mich

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Well we now know Ripple will pay $125 Million in fines from the ruling of the sec. But there is alot of things that is going to happen now.

https://www.coindesk.com/opinion/2024/08/16/whats-next-in-sec-v-ripple/

Abiky

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Quote from: Webetcoins on August 14, 2024, 09:53:45 AM

I think I've heard a user earlier which states that Trump is a big scam. I think he was referring on him and his promises about cryptos and Bitcoins. Imagine if he won and if it's true? That could cause a massive disappointment from the crypto community. That was also their fault anyways because they immediately believed on the guy despite knowing that he is involved on some anomalies before. With that being said, imagine if he also put a ban in cryptos?

Though it must not be a global one, rather it is only effective on the same country he is living. That would be a total disaster.

XRP on the other hand is a coin made by a bank, so no wonder why many banks warmly supports this coin. Despite of it, I don't think XRP can replace SWIFT because it is more established than it and we must not forget that XRP is still a crypto, I mean maybe some operations which are essential may not really be possible because of that fact.

If what you only want is a boom, then there are still cryptos which can possibly do that. It's not SEC that decides to give up on their agendas but it was XRP who courageously fought its battle and it's worth it because they finally won at the end.

Of course. We can never know for sure until Trump wins the election. If he backs down, the crypto community will vote for Democrats. As simple as that. I don't think he wants that to happen. Right? Crypto-friendly regulations would certainly benefit XRP in the long term. With the SEC backing down, the road is clear for XRP to reach new heights.

The most exciting thing would be the launch of a new stablecoin. Ripple (the company) could position itself as the leader in the stablecoins industry. Perhaps, this will become America's new CBDC? The stablecoin + the XRPL replacing SWIFT would result in higher market prices for the "cryptocurrency" over the long term. It would be the preferred coin of banks worldwide. Who knows what surprises we'll find in the future?

el kaka22

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I still do not think that we are going to end up with a good price for Ripple at all, it is going to be quite tough and we are going to end up with a bad result. This should be very dangerous for people who keeps on investing into this and that can't be good for any investor. If you keep thinking that they are out and they can be finally free, you are not realizing what just happened. This is 125 million dollar fine, which they are going to pay from the money they made from you, nothing further than that. I think it is going to be not that easy to handle and we can't really consider that as a good thing, we can't make it work any other way.

So, we should probably consider that it is going to be tough to handle, and we can't really make it work if we keep trusting the people who take your money and gets sued. They may end up doing the same, do something illegal, and pay fines with your money and you shouldn't be doing that at all. We should consider that as reality.

Sayeds56

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Quote from: Abiky on August 08, 2024, 08:31:18 PM

Quote from: ASCDO21 on August 08, 2024, 01:20:52 AM

The news says that the trial is over, Ripple needs to pay a fine of 125 million.
What are the prospects for Ripple in the future?

I think the future is bright. Especially when the SEC has given up on crypto. The agency even dropped its case against Binance's Paxos-issued BUSD stablecoin. ETH got lucky too. My guess is that Ripple (the company) will pay the fine using the stash of tokens it holds in its wallet. Market prices will drop temporarily, but things should be able to get better in the long-term (even though I'm not a fan of XRP's centralized nature).

Perhaps, now that the road is clear for XRP, Ripple will proceed with its ambitions of replacing SWIFT for global payments? One can only imagine. The future is unpredictable, so we can only hope for the best.

Certainly, the future should be bright now as all legal issue of XRP have been resolved with SEC. I have been investing and trading XRP since 2017 and it made nits all time high in 2018 (ATH) at $4 approximately, unfortunately it never went even close to this price again despite bullish markets of 2021 and 2024.

The news of its settlement with SEC should have triggered surge in its price but yet it is trading at 0.5742 which is disappoint for XRP holders. Let's watch and wait how it performs in coming days and weeks.

Webetcoins

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Quote from: Abiky on August 09, 2024, 08:37:22 PM

With a pro-crypto President like Donald Trump, it's likely XRP will reach new heights. The coin already has the backing of several prominent banks worldwide. Would you imagine an scenario where XRP replaces SWIFT for global transactions? Market prices will boom like never before. I guess the SEC decided to give up on crypto. Nothing should stop XRP from going to the moon now.

I think I've heard a user earlier which states that Trump is a big scam. I think he was referring on him and his promises about cryptos and Bitcoins. Imagine if he won and if it's true? That could cause a massive disappointment from the crypto community. That was also their fault anyways because they immediately believed on the guy despite knowing that he is involved on some anomalies before. With that being said, imagine if he also put a ban in cryptos?

Though it must not be a global one, rather it is only effective on the same country he is living. That would be a total disaster.

XRP on the other hand is a coin made by a bank, so no wonder why many banks warmly supports this coin. Despite of it, I don't think XRP can replace SWIFT because it is more established than it and we must not forget that XRP is still a crypto, I mean maybe some operations which are essential may not really be possible because of that fact.

If what you only want is a boom, then there are still cryptos which can possibly do that. It's not SEC that decides to give up on their agendas but it was XRP who courageously fought its battle and it's worth it because they finally won at the end.

Kavelj22

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Let's not forget that these cases occur exclusively in the United States since the companies are headquartered there and are therefore subject to American law, and also because their activity includes the American market. Some companies that find themselves subject to continuous restrictions resort to moving their headquarters outside the United States and stopping their activity in the American market. Binance, for example, was forced to do so despite its compliance with all sanctions and even after it was forced to change its board of directors and impose more supervision on it. I know that it is not easy for any company to do this, especially with the facilities that the American market provides to emerging companies compared to other countries before the UAE entered this market as an incubator center, which explains the choice of some of the largest stock exchanges to open their headquarters in both Abu Dhabi and Dubai.

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Quote from: Kavelj22 on August 09, 2024, 03:51:43 PM

Quote from: o48o on August 09, 2024, 11:38:35 AM

Quote

The decision ends the SEC’s case against Ripple, however, it is expected that the agency will appeal.

So it might not be over, because there's more to this?

The absence of a legal regulatory framework for this type of company services is what opens the way for both parties to act freely without relying on any reference. This means that Ripple can issue currencies and dispose of them in unregulated ways, which will often serve profitable interests, and the regulatory bodies, in turn, strive to align their decisions with any of the financial laws in force to try to prove the conviction.

Therefore, the US SEC or other regulatory bodies cannot be convicted at all, and the evidence for this is that in their pursuit of other companies, they succeeded in proving the conviction. The same is the case now with Ripple, since the case has been pending for years, which explains the problems of monitoring, diagnosis, and proving the conviction, i.e. the length of the litigation procedures.

Personally, I do not trust Ripple and consider XRP a centralized currency par excellence that benefits from blockchain technology and encryption while maintaining the central character.

I don't get what you are saying at all. This was about ripple's insitutional sales, nothing about ripple issuing new tokens or god forbit "currencies". And there's already a regulatory framework in usa, and in EU there's MiCA Regulation.

And what would SEC be convicted for? They are just regulatory oversight, that makes sure that regulations are being followed. If they step over their line, it won't hold up in court.

Yamane_Keto

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Quote from: Akbarkoe on August 09, 2024, 11:11:19 AM

What amazes me is that Ripple is in big trouble and the problem is so very long but still survives in the top 10 in CMC, it shows that how strong their holders are until at this moment the trial is over and the decision is final it gives a fresh scent to XRP holders.

The large supply of cryptocurrency is what makes it in the TOP 10 CRYPTO but it can be replaced if there is a good alternative and good alternatives are not available in the cryptocurrency market. Monero XMR is number 28 and PEPE is number 24 despite the big difference between the two projects.

Abiky

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Quote from: Plaguedeath on August 09, 2024, 04:57:44 AM

The future is bright for XRP since most people don't care with centralization and Ripple is supported by banks, which I think banks will not die since it's supported by government. We all live in a country where we have president that control all the citizen, so expecting there would be a decentralized country is like an impossible dream.

XRP might not be the best investment, but it will survive.

With a pro-crypto President like Donald Trump, it's likely XRP will reach new heights. The coin already has the backing of several prominent banks worldwide. Would you imagine an scenario where XRP replaces SWIFT for global transactions? Market prices will boom like never before. I guess the SEC decided to give up on crypto. Nothing should stop XRP from going to the moon now.

I'm yet to see what real use cases the XRP blockchain will provide. It's been speculative since day one. Rival chain Stellar (XLM) is more decentralized and versatile. There are plenty of decentralized solutions built on it (DEXs, smart contracts, etc). I know banks won't find XLM appealing, but that's okay. If you're concerned about getting your funds frozen by the XRP team (yes, they froze Jed McCaleb's XRP holdings in the past), I'd suggest you give Stellar (XLM) a try. Who knows what the future of XRP will be?

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Quote from: ASCDO21 on August 08, 2024, 01:20:52 AM

The news says that the trial is over, Ripple needs to pay a fine of 125 million.
What are the prospects for Ripple in the future?

Are their guilty if yes then Ripple team should fine a way to pay that fine and still continue with their project goals and expansion and if their have anything goog to offer the industry, their will definitely fine they bearing to hold on and progress again, although this action may effect their short term growth and the price of their coin may suffer a little set backs
But in the near future, everything is going to work out fine if the pursue the development with a clear good intentions, and have their community supports, there is going to be a lot of crisis in all of this but definitely their will keep being around the market.
Although they can still chose a payment option that can see the total 125 million fine splinted to include and accepts installmental payments.

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Quote from: ASCDO21 on August 08, 2024, 01:20:52 AM

The news says that the trial is over, Ripple needs to pay a fine of 125 million.
What are the prospects for Ripple in the future?

with a positive ripple seems to be better in the future, after facing a verdict in its legal case with the SEC despite a significant fine, I think the crypto market sees this verdict as a positive resolution, and provides clarity for the company to continue to grow, for the future, with the potential growth and influence of ripple in the global financial system, in this case hindering ripple's strategic goals in the payment messaging market system, in this case regulations can affect the rapidly growing crypto industry at this time.

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If the SEC required ripple to pay $125m then fine they don't mind since the case is against them but one thing possible is that there are lot of people who would dump their bags ready to make another reload of the coin again. I believe after this payment case close right and they continue with their normal operation? Good then within 1 year to 3 years I bet you wouldn't know the price of it because I know there may be a token burned after raising about $125m sec in order to recover fully they implement token burn to recover the price list since lot of people can't afford seeing their coin dump that much.

Topic: Ripple - SEC END! (Read 299 times)