panic selling will ensue until the SEC makes its latest statement about ripple. This case has huge implications for the future of Ripple, if the SEC wins their lawsuit this might be the end for Ripple. the ripple price could return to 0.1 or even below it. at worst they could be removed from the american market.
All of exchange sites could delist ripple. So many US exchange sites have prepared themselves to delist ripple if it's a security coin. These exchange sites are not wanna dealing with the illegal security coin like ripple that might put them all into the big risk caused by SEC can target those exchange sites. 
Topic: What will happen to XRP market now that SEC is suing Ripple? - page 2. (Read 652 times)
I just want to know your opinions with this news
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
I think the price of Ripple (XRP) will definitely continue to fall because SEC is suing Ripple and of course investor confidence will decrease, so many people will be afraid to invest in XRP for now until the problem is resolved and XRP gets a positive response again, then it will make investors return to invest in XRP and of course the price of XRP will also increase.
So far, the price of XRP continues to fall and big XRP holders are sharply selling their XRP and it is not known what will happen next with XRP, so at the moment it is better not to invest in XRP and it is possible that the SEC will be suing XRP for a long time and it is not known how it will all end, so it's better go past XRP.
panic selling will ensue until the SEC makes its latest statement about ripple. This case has huge implications for the future of Ripple, if the SEC wins their lawsuit this might be the end for Ripple. the ripple price could return to 0.1 or even below it. at worst they could be removed from the american market.
Ethereum is also unregistered security. I believe only coins with no pre-mine, no dev-fees, and use proof-of-work, cannot be sued by SEC.
IMO ICO/IEO, almost all are unregistered security.
Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.
yes you're right, the best way to get out of this problem is to admit mistakes and pay dendan. as long as the ripple network remains operational, there will be time to go back up. making a self defense will only make this problem drag on. this is not good for the ripple market. will only make this problem drag on. this is not good for the ripple market.IMO ICO/IEO, almost all are unregistered security.
Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.
I think panic selling will continue that will result in dumps untill major whales with extra holdings or people that just dont care are left and obviously there will be hardcore supporters that would keep holding in hopes of recovery and everything back to normal.
Well if things goes south with SEC doesn't matter how many hardcore supporter out there XRP gonna dumped to oblivion, even the most hardcore XRP supporters are seeking profit and if XRP got its death sentence its mean the end of XRP.Sadly though, most of people who have no clue about this news thinks it's the best time for buying XRP. well, if ripple could overcome this situation it might be is but I don't think we ever gonna see its normal price anytime soon.
I had a drawn-out debate with Joel Katz in the ripple forum back in the day that Ripple/X was centralised because you had to be invited on to the UNL.
Bitcoin (and crypto) is open to anyone who can hash.
It now seems the SEC has taken the same view, though in a tangential way.
The SEC has hooked onto this as they can see XRP/RIPPLE has officeholders and clearance house etc.
This is all a consequence of the UNL invite structure
Bitcoin (and crypto) is open to anyone who can hash.
It now seems the SEC has taken the same view, though in a tangential way.
The SEC has hooked onto this as they can see XRP/RIPPLE has officeholders and clearance house etc.
This is all a consequence of the UNL invite structure
YOU need to check what happens to other project that was attacked by SEC and determine the out come of XRP. according the news on ground. the sec has a court case with XRP and that does not means the project is a scam or dead. ripple might come up with a surprise and win the case. you never can tell. i strongly believed that ripple will pull out from this.
Ethereum is also unregistered security. I believe only coins with no pre-mine, no dev-fees, and use proof-of-work, cannot be sued by SEC.
IMO ICO/IEO, almost all are unregistered security.
Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.
IMO ICO/IEO, almost all are unregistered security.
Anyway, I think Ripple has to pay fines, just like EOS. As long as the network functionality is still up, I believe many people will still transact using XRP; thus, the value won't be zero.
I have more than 1k XRp and now the value has dropped more than 60% of the value that UI bought. It is really frightening to hold it and wait for the next hold. If I want to sell it nor for a cut loss I think that it is too late.
really really surprised with the very dump dump price of this coin.
really really surprised with the very dump dump price of this coin.
It looks like the dump is stopped and the XRP price has reached the bottom. If you decide to continue holding the coin, then you need to reduce the entry price by buying and selling at the rate of 10% of the total amount of your XRP. Given the volatility of this coin, you can get a profit of up to 30% on the transaction.
I believe it all depends on the community no matter what happens. From the first day of Ripple it was always obvious that there was a "company" behind ripple, which means that unlike bitcoin or ethereum or most other projects, ripple was something that was managed by some people, it could be the CEO or it could be workers but basically this was just a company and not really a decentralized currency, plus it was obvious that the blockchain they used that would make their coins worth something was different from the blockchain their coins used.
So all of that aside, I could easily say that from day one of operation, ripple was already known to be a dangerous thing. What happened? People still used it and loved it and promoted it everyone, even went as far as saying bitcoin was worse and ripple was better. So I am not sure what will happen, maybe people can still love it even after Sec sues them, who knows what people can believe in.
i think the reason why people still use it its because ripple is fast coin and they brag its speed compare to other crypto especially to slower coins like bitcoin . many people already call xrp a scam, not a real crypto , centralized coin , etc . they can throw any negative words they can think of but at the end there are still users left for ripple that serves as its community .So all of that aside, I could easily say that from day one of operation, ripple was already known to be a dangerous thing. What happened? People still used it and loved it and promoted it everyone, even went as far as saying bitcoin was worse and ripple was better. So I am not sure what will happen, maybe people can still love it even after Sec sues them, who knows what people can believe in.
they wont care to this news as long as the performance of ripple isnt affected they will continue to use ripple untill the end .
An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency.
Agreed. Ripple has always been a major scam. Just like Tether is.
Both of them should go down to zero because they make crypto look terrible.
I am glad that the other cryptocurrencies are not much affected by the SEC lawsuit. And regarding XRP, this was something that was waiting to happen. The XRP market cap was always inflated, thanks to the promoters who kept away most of the tokens from the trading platforms. XRP has the potential to become one of the biggest scams in the history of cryptocurrency.
It was not a question if but how soon the sale of magic fairy dust will come to a hold. Name one private company issuing money who did not get shut down. Liberty Reseve was founded in 2006 and dissolved in May 2013 after legal issues.Bitcoin on other hand is legal, miners do mathematical work for which someone pays them. If someone does some work he excepts payment.
Miners do not transmit money only validating a transaction took place, different to Ripples node operators who do transmit and will face legal issues.
I believe it all depends on the community no matter what happens. From the first day of Ripple it was always obvious that there was a "company" behind ripple, which means that unlike bitcoin or ethereum or most other projects, ripple was something that was managed by some people, it could be the CEO or it could be workers but basically this was just a company and not really a decentralized currency, plus it was obvious that the blockchain they used that would make their coins worth something was different from the blockchain their coins used.
So all of that aside, I could easily say that from day one of operation, ripple was already known to be a dangerous thing. What happened? People still used it and loved it and promoted it everyone, even went as far as saying bitcoin was worse and ripple was better. So I am not sure what will happen, maybe people can still love it even after Sec sues them, who knows what people can believe in.
So all of that aside, I could easily say that from day one of operation, ripple was already known to be a dangerous thing. What happened? People still used it and loved it and promoted it everyone, even went as far as saying bitcoin was worse and ripple was better. So I am not sure what will happen, maybe people can still love it even after Sec sues them, who knows what people can believe in.
whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.
Yeah! it will be dropped as we've never seen before. The price will likely get its new all-time low if they don't fix this problem soon and that would be impossible too since they caught red-handed. People are starting to dump the price up to the point they never care if they get some huge loss when they first bought it. this is a catastrophe for Ripples right now. I hope this is the last bad news we witness this year.
They've bring a good pumped before this incident take place.
A lots of possibilities incase the team unable to things that might prevent permanent dumped coming from every holders and traders who are still holding this coin. This news really affects the market for this project, tough call for now to every people both holders and those who are planning to take part or still trying to short this up.
whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.
Yeah! it will be dropped as we've never seen before. The price will likely get its new all-time low if they don't fix this problem soon and that would be impossible too since they caught red-handed. People are starting to dump the price up to the point they never care if they get some huge loss when they first bought it. this is a catastrophe for Ripples right now. I hope this is the last bad news we witness this year.
I am glad that the other cryptocurrencies are not much affected by the SEC lawsuit. And regarding XRP, this was something that was waiting to happen. The XRP market cap was always inflated, thanks to the promoters who kept away most of the tokens from the trading platforms. XRP has the potential to become one of the biggest scams in the history of cryptocurrency.
I just want to know your opinions with this news
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
XRP is really shacking very strong with this lawsuit. Many investors and investment funds in America are selling off because they are afraid to involve to legal. But in my opinion, with very big Altcoin like XRP, it is very difficult to be delisted completely. And in the other side, this is the end time of the year, so this may be a must job to do of SEC to sum up one year and when beginning the new year, everything will be dealed.
But its not impossible for XRP to be delisted all. Whats your opinion if that happened? its must be very impactful to our crypto world
I just want to know your opinions with this news
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/
XRP is really shacking very strong with this lawsuit. Many investors and investment funds in America are selling off because they are afraid to involve to legal. But in my opinion, with very big Altcoin like XRP, it is very difficult to be delisted completely. And in the other side, this is the end time of the year, so this may be a must job to do of SEC to sum up one year and when beginning the new year, everything will be dealed.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
whenever there is negative news there is bound to be a sell-off, and I'm sure this applies to ripple as well. today the ripple has dropped below 0.5$ and this will probably get worse. You have ripple on your portfolio, Better sell it before it's too late. this could be a huge dump if the problem hasn't found a solution.
what you said came true, currently the price of XRP has fallen very deep. today the price of XRP is below 0.3 $, lucky I sold it while the price was still around 0.5 $. this will probably continue, until next year.
So many eyes are still watching ripple right now
Jump to: