Topic: What are the benefits of buying XRP at present? - page 2. (Read 726 times)

Look, it is not advisable to buy xrp right now. Even you think that this is the right time because xrp's price is at the dip but the issue is giving the coin a no value right now. More exchanges are announcing the suspension of any xrp transactions like trading but the fact that the issue will lead to the delisting of the coin so buying it now would be useless.

I think you dont understand why Ripple price went down. It is not because the market is unstable, it is due to SEC charges against Ripple. Current market is in good shape, grows everyday. What kind of stability you wait for? Stagnation? Why you think Ripple price will rise? Why not go down? I think opposite - Ripples price will continue to drop. Then the price will collapse and will recover a bit (if Ripple pays that fine) or not if Ripple to react. Convince me why it "will rise".

It's a wrong call at this time. People are done with ripple and I don't thing iT can have any further positive impact in the cryptocurrency world. No benefit if you buy now, you will only be wasting your money.

This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.

My analysis it will crash soon,  on 1.1.2020 xrp it was $0,192667  now it is $0.226129 recently some very bad news that Ripple is selling an unregistred security. On top of this notes operating without money transmitting license, the next leagal issue to deal with.

My analysis is that there is good news about the way XRP is coming in the market right now. It is possible to get a good profit out of here in a few days.

If you can read the statement given by XRP. A lot will become clear to you.

Our Statement On Recent Market Participant Activity

The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple. 

The SEC’s decision to file this action is not just about Ripple, it is an attack on the entire crypto industry here in the United States. We’ve always said that there is a dangerous lack of regulatory clarity for crypto in the U.S. — their lawsuit has already affected countless innocent XRP retail holders with no connection to Ripple. It has also needlessly muddied the waters for exchanges, market makers and traders. The SEC has introduced more uncertainty into the market, actively harming the community they’re supposed to protect. It’s no surprise that some market participants are reacting conservatively as a result.

In the meantime, Ripple will continue to operate and support all products and customers in the U.S. and globally. The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example. For eight years, we’ve built products that help hundreds of customers solve pain points around global payments — we will defend our company and look forward to settling this matter in court to finally get clarity for the U.S. crypto industry.

On a parallel note, we also look forward to working with all of the Commissioners and the SEC’s new leadership, once appointed. In all, the SEC Chair, six of his Directors from each SEC Division, the SEC’s Chief Economist and the SEC’s General Counsel have now departed (many left just last week). Our steadfast commitment to constructive regulatory engagement has not changed.

Source: XRP Twitter

I like your idea very much. Thank you for your valuable feedback

Lowest possible value for any crypto currency is zero so you can't claim that current price of XRP is the lowest because the chances of prices will get further down is high due to the SEC restrictions. If you still consider there is any benefit of buying XRP now is you can become poor sooner than you expected.

I notice that XRP is struggling, it was able to hype for a few months because of the airdrop but in just a short period of time the XRP prize are like dying.

I can see that it is pretty risky to ride the journey of XRP as of this moment even if their is a big chance that it can recover by next year if they can solve some issues in their side like SEC and etc. You can only benefit to XRP as of this moment if you will take the risk to buy more in this situation and hold it until the XRP price will recover someday.

It will depend on what will be the verdict of the SEC regarding the case of XRP.

If the case will turn out to be in favor of XRP then expect those who bought at the bottom to have a big profit as it can be a reason for the token to rise again.
On the other hand, if they still lose unto this then the XRP's price will be a freefall. Investors who are holding it will be forced to sell their tokens at a loss. The token will be considered as worthless anymore and it can be another scam coin next to Bitconnect years ago.

Overall, buying now at the bottom in this case will be a gamble. High risk but high reward still.

None
SEC is just one legal front of trouble and not the only one, lets remember several court cases in action before SEC.
Also validator nodes transmitting money without a license, next leagal issue. Who will run a node if license is 6 figure sum and a note earns little.

The chance for XRP to win against SEC is relatively small compared with the chance for SEC to win against ripple. The future of ripple will be determined from this battle. I'm sure when ripple will be lose and all of XRP investors will be fucked up. Massive sell will happen and that will be driving the price to go down to the bottom price.

Your last sentence (bolded by me for emphasis) sounds more like a declarative rather than a question which you made the title look like. If you had already concluded that the outcome of buying Ripple will be a total loss, then you shouldn't be making attempts to buy in. For me, I would rather stay out of Ripple until the dust settles. Doing otherwise is taking an unmitigated risk, and knowingly so. It's not the best way to approach investments.

If they can win on the SEC case. Buying xrp now is likely will be a big gamble. Those who will buy will likely lose if the Ripple company wouldn't be able to escape the SEC against their platform. But if they can trumph, the delisting of many exchanges will be nothing and go back to the same routine where xrp could be traded again and if lucky reach the ATH once more.

Well. obviously buying Ripple (XRP) at this time will surely be a profit for you when Ripple (XRP) price will start to pump since it is in the most dip price now. The question is till when you will hold it? Anyway holding it longer won't be the issue anymore since it is for long-term investment.

the main benefits would be obtaining them in a cheaper price compare to when the price of xrp before when there is no issues on it .

since the price drop , does not mean itl continue but majority is expecting the same and if these people do that with action , the price can really drop so the posibility of earning a profit after buying right now is i think at 30 percent something only but you can take the risk and change your goals and expectation with xrp at long term as the posibilty of earning a profit is greater .

Yes the price is low but buying is too risky because SEC is on XRP ass as we speak, even if XRP manage to defeat SEC one way or the other the profit won't be much compare to other coins like Ethereum, ETC, LTC, XMR, BTC, if XRP team know what's good for them they will change location once they are done with SEC

Are you really serious now? Aren't you aware of what XRP is facing? Let me indulge you, first the SEC is onto XRP and that has caused more exchanges to start delisting XRP, of course this is what caused the price dump and it doesn't looks like it is slowing down or stopping anytime soon, therefore buying XRP now is only a bad idea because you don't know what will become of the price tomorrow or in the near future. So at this juncture the best thing to do, is to look towards other potential coins like Ethereum and make your investment, at least you would be sure of profit on the long run.

Unfortunately this news of the SEC is really heavy, I had a bit of ripple aside and I'am very sorry also for those who had invested in it, probably ripple is destined to die unless sensational further evolutions. Most exchanges are blocking ripple trading to avoid future trouble probably, really a disaster. I was holding some and I really don't know whether to sell everything or hope for good news even if the situation is now dramatic