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.
Topic: What will happen to XRP market now that SEC is suing Ripple? - page 3. (Read 703 times)
An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency.
Cryptocurrency doesn't really have any value here since it is not a definitional term that is relevant from a regulatory point of view. this is relevant for the whole industry because it will evoke a definition of "security" as to be applied to the crypto sector. If XRP gets classified as a security then a lot of other cryptos will be as well.
Check out Chris Hoskinson's latest videos on the topic. He is saying the same thing. People saying that this is a good day for crypto do not grasp the significance of this event.
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.
I don't see any point in selling XRP now that the coin has reached another support. It was necessary to either put a stop loss earlier, so as not to get such a loss from the price drop, or now put a stop loss at the level of 29 cents, in case this support does not keep the fall.
Outcome of the case will decide future of Ripple as it might even go zero if SEC is successful but if the outcome is in the favour of Ripple then it will bounce back by providing huge return to those who have invested today but those who have already invested in Ripple when it was at ATH for the year will be at losing end so it's going to be a sleepless night for them whether to cashout or Ripple will bounce back. It's better to cashout of Ripple or else need to stay upto date by setting a red line for cashing out.
The market will experience a tumble no doubt, as you can already see that the price has dipping alot since the lawsuit began, investors are not sure of the future of the project, they panic sell their bags, nobody wants to stay in a sinking ship, better to sell now and buy back latter when things are back to normal.
This news has created panic among the investors and the result is seen in the market price. No one can say when this panic sell will end. As everyone is more interested in selling their hodl xrp after this news, this attitude of traders in the hope of buying at a lower price later is having an effect on the market. I hope this condition of xrp will end soon and investors will be able to cover their losses.
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/
We all know what is going to happen. In fact it is already happening. The price is already tanking down like crazy. Not sure what's going on, but it looks like there is going to be a huge legal battle before everything settles. And you know how people reacts to such negative news - "Dump every XRP they are holding".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/
Another reason why centralized coins are so fragile and shouldn't be bought as investment.
The market will experience a tumble no doubt, as you can already see that the price has dipping alot since the lawsuit began, investors are not sure of the future of the project, they panic sell their bags, nobody wants to stay in a sinking ship, better to sell now and buy back latter when things are back to normal.
To tell the truth, I am perplexed. The SEC seems to be going after the centralized coins with links to the mainstream banking sector, such as XRP and Libra/Diem. I was thinking that the SEC would first target the decentralized coins which would be difficult to trace back to the users. Is there any reason why they are targeting the centralized cryptocurrencies?
I had the same thought. I figured that Ripple would actually benefit from being centralized and used by financial institutions, but instead they got targeted.
Reading about the suit, it sounds like the SEC is targeting them on the basis of XRP representing an investment contract. I suppose a centralized exchange like Ripple made it easier for them to pursue legal action. I'll be curious to see how this plays out and what the implications are for the crypto industry. I imagine more scrutiny and legislation will be coming in the following years.
The attack on XRP is an attack to all. This is why some other altcoin as are dumping as well because they knew, they could also be sued the same way as SEC did to Ripple.
Now that SEC saw what could happen to prices, they will be doing this to all altcoins they possibly can.
Why now is just interesting because XRP had been awhile and are being listed just about anywhere.
An attack on XRP is not an attack on any crypto, XRP is not a cryptocurrency. Altcoins will recover from the small shock as it's clear that XRP had very negligible impact on legitimate cryptos.
XRP is the biggest scam in digital currency history and anyone halfway serious about cryptos understands this. This is a week of victory for crypto enthusiasts.
The attack on XRP is an attack to all. This is why some other altcoin as are dumping as well because they knew, they could also be sued the same way as SEC did to Ripple.
Now that SEC saw what could happen to prices, they will be doing this to all altcoins they possibly can.
Why now is just interesting because XRP had been awhile and are being listed just about anywhere.
It will get to worst situation if sec successfully suing them, however ripple will fight sec back. I dont understand why sec allow ripple did the wrong thing for 7 years and after many investor put a lot of money on this project they suing them. Its not fair and can harm investor.
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/
24 hours after the news broke out Rippler is down 10% the dump is continuing it could go down to 10 cents again or even 5 cents, and some exchange might even delist it, Ripple should do something about it, they should issue an immediate announcement and find a way to calm down investors to avoid continuous dumping.
[1] The SEC’s Attack on Crypto in the United States
As the price is constantly declining, which deteriorates the market condition of XRP, and investors had no option but to sell it. Consequently, the complaint made a substantial implication to Ripple. Thus, they will probably struggle in rebuilding the trust of investors and recover.
Well, you can see for yourself here https://www.coingecko.com/en/coins/xrp/usd
As you can see, XRP is not doing well right now. Best case scenario - they're going to get away with little to no money lost but reputation damaged and worst case scenario - exchanges delist them, to be honest, I expect the latter. I'm not going to be surprised if that really happen.
As you can see, XRP is not doing well right now. Best case scenario - they're going to get away with little to no money lost but reputation damaged and worst case scenario - exchanges delist them, to be honest, I expect the latter. I'm not going to be surprised if that really happen.
Well, it is a negative news and can also be seen as fud, and everyone in the crypto space knows that, once there is a negative news targeted towards a particular coin, panic will set in and emotions will take over and thus users will be forced to sell. With users selling in large amount, the price of the coin will suffer terribly. Therefore, bringing this idea to the case of Ripple, nobody knows how it will pan out but considering how big Ripple (XRP) platform is, there will likely be only penalties and how long this lingers will continue affecting the price until it is sorted out. Therefore in all ramifications, the price will keep dumping until something is done and since it is by SEC even top holders of XRP might be shaken.
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/
24 hours after the news broke out Rippler is down 10% the dump is continuing it could go down to 10 cents again or even 5 cents, and some exchange might even delist it, Ripple should do something about it, they should issue an immediate announcement and find a way to calm down investors to avoid continuous dumping.
What I can say is if Ripple goes down, DEFI tokens are next. Btw the number of small XRP addresses being created have not skipped a beat since yesterday's Ripple lawsuit announcement. However the number of larger tier addresses are shrinking with 18 less addresses with 10M+ tokens since the news broke.
As always negative news really affects the market and holders intended to dump their xrp because of the SEC issues and that's created a wave of negative reactions to everyone else and other holders selling it quick before it hit down hard under. I hope all well to people who bought it high and hoping they can recover all the FUD news lately.
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/
The big question is why now it should be earlier it is obviously a security token because of it's centralized nature, this could force XRP out of business as you can see price is going down, it's only a charge if they cannot defend themselves well this is disaster for their business, now there is a hanging Damocles on XRP and holders will now have second thought if they still want to HODL Ripple.
It might be a very bad thing for ripple holders as their coins will become worthless.
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/
Thats true, It is already affecting the XRP price now Brad Garlinghouse of Ripple should leave the US if they want freedom, SEC was waging war against cryptocurrencies in their territory, I believe that the XRP price will be affected much by this problem, I'm glad that all my XRP holdings were sold already $0.60 cents I have a peace of mind now.
To tell the truth, I am perplexed. The SEC seems to be going after the centralized coins with links to the mainstream banking sector, such as XRP and Libra/Diem. I was thinking that the SEC would first target the decentralized coins which would be difficult to trace back to the users. Is there any reason why they are targeting the centralized cryptocurrencies?
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