Why are people still buying XRP? - page 10.

so98nn

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Quote from: dothebeats on January 14, 2021, 02:07:26 PM

Possibly trying to convince themselves that Ripple Labs will turn these lawsuits around and be some sort of a fairy tale ending wherein everyone holding XRP will get handsome profits. Seriously, with all those exchanges delisting XRP on their indices, it’s unwise to really push your luck into trading these coins since you’re left out with platforms that are relatively new and unproven when it comes to reliability and integrity. Also you’ll be facing liquidity issues since a lot has already dropped their XRP due to the news. At this point, only the delusional will have faith in XRP, and that’s no exaggeration.

"Delusional", I like this concept and most of the people are into it right now. I mean you have whole ocean of profits around you (ex. btc, eth,) then why would anyone have belief in the lawsuit claimed company? It's like entering into market which has put up all its money at stake and there is no guarantee they will have recovery for this at all (?)

If anyone is putting money into XRP right now then they are literally flooding the money into companies law department to run the case. Grin

It's a wake up call really for everyone who think XRP will have throwback in the fuutre.

yazher

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You own the pen

I think what they're doing right now is trying to create a pump and dump situation where they put some of their money in XRP to make it look like they don't really care about the lawsuit they have done that just for bait and when those ignorant people think the other way and convert most of their money into XRP, that's when they get back their money but this time with a high amount of returns. because when those ignorant people invested the price of course has increased. that's why you need to be careful guys, the XRP today is not like we used to now.

asriloni

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Quote from: LittleJadiel on January 15, 2021, 09:01:45 PM

Probably those who want to stay loyal, praying that Ripple can turn things around with this SEC issue so they could brag about it in the future in case it does happen.

True, people who still bought this garbage coin just its loyal supporters and no mo. I'm still waiting for the action that will be taken by the new director of SEC(Jay Clinton) to the XRP's case.
I do believe if he will continue the case. We will see that in the next months and probably the court will start the case to take the judgement for ripple to be classified as a security or not.

inanilujimi

sr. member

Activity: 1876

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I personally do not dare to buy XRP for now, but the reason some people buy is because of the trade which of course can generate profits in the near future with some say that if XRP manages to win in this case it can make the price continue to increase, and a miracle that people believe hold xrp will pay off.

jademaxsuy

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XRP is still doing good and only few people are leaving XRP making its market price falls down a little bit. However, I do not believe that XRP can get to end for many crypto users still believing in XRP.

This is why in some of my previous post chosing an altcoin may be gain huge profit but too risky. So, the most reliable form of investment in cryptocurrency is to invest in bitcoin. No other crypto can do better in investment and assurance to earn except bitcoin. This is way better than chosing altcoins.

krisnajsadrak

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Quote from: BitindaHouse on January 15, 2021, 01:50:48 PM

People buy XRP BECAUSE every coin has the ability to grow. Of course, it can fall, but as practice shows, then all coins will rise in value many times, I'm sure of that. !!!!!!!!!!!!!!!!!!!!!

but now the rank of xrp in coinmarketcap down and polkadot replace it position buddy
seems this is a big sign if xrp can't hold its positions in coinmarketcap and maybe this is only the beginning, then xrp will go outside from the TOP 10 coins in cmc soon or later

sgenuine

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Ripple company has already said that they will not get involved in litigation and if the opportunity presents itself, they will simply pay a fine.
The most interesting thing is that in the legislation of the UK,Japan, Switzerland, Singapore ,Australia, Ripples are not considered violators.

shinratensei_

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Quote from: BitindaHouse on January 15, 2021, 01:50:48 PM

People buy XRP BECAUSE every coin has the ability to grow. Of course, it can fall, but as practice shows, then all coins will rise in value many times, I'm sure of that. !!!!!!!!!!!!!!!!!!!!!

What? it's only for the speculators but when you are talking about the fundamental of the project and this coin has no good fundamentals consider it can be burned to the hell by SEC anytime.
The different cases will be happening when the accusation was coming from the regulators.
You will be only getting two results from the battle with the regulators. You are winning the game or dead.

LittleJadiel

newbie

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Probably those who want to stay loyal, praying that Ripple can turn things around with this SEC issue so they could brag about it in the future in case it does happen.

Rengga Jati

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Many XRP holders still believe that XRP still can grow and develop. And after if XRP wins the problem, the price will pump again as what happened before this case. I am personally still holding some XRP. And not willing to sell it off right now or even cut loss, just let it be in my wallet although that is not a small amount Grin

Oasisman

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Quote from: adzino on January 15, 2021, 04:16:15 PM

Due to this lawsuit, the price has fallen significantly. People are now buying at this low price. They believe that if somehow ripple manages to defend themselves, the price of XRP might skyrocket. So they are taking the chances. I would say really risky, but yeah without risk there are no profits.
What if even after defending themselves, "most" people loses confident and the price no longer goes up? Or it might be the opposite, who knows. So, yeah they are risking it to get the maximum profit!

I guess that's the highest form of risk tolerance but yeah that's the idea behind this reality about the people who still buy XRP, and this Idea ain't far-fetched. Ripple has still a chance to turn this lawsuit around. I mean whenever Ripple successful defend themselves, then who doesn't want to buy a very cheap crypto asset who had a history of producing a huge amount of profit. Or It could be the other way around for these risk takers.

didzi

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Hodlers Network

Quote from: TheBitcoineers on January 14, 2021, 01:45:35 PM

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

simple reason, because people who buying xrp still believe if xrp will grow my friend
as you can see now, even this coin has a lawsuit issue, but this coin still stand in the TOP list of cryptocurrency right ?

adzino

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Due to this lawsuit, the price has fallen significantly. People are now buying at this low price. They believe that if somehow ripple manages to defend themselves, the price of XRP might skyrocket. So they are taking the chances. I would say really risky, but yeah without risk there are no profits.
What if even after defending themselves, "most" people loses confident and the price no longer goes up? Or it might be the opposite, who knows. So, yeah they are risking it to get the maximum profit!

trauchot

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Many people see that the XRP price has dropped very much and therefore people hope that everything will be fine with XRP and people hope that all courts with SEC will end in favor for XRP and after all this people think that the XRP price will start to rise, most likely people are counting on this.

tvplus006

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To the Moon

It is obvious that not all countries share the position of the SEC in relation to XRP. Accordingly, it will not matter for all countries what decision the court makes in this case. So a few days ago, "UK Treasury officially equated XRP Ripple to cryptocurrencies along with Bitcoin and Ethereum, stating that it is not a security": https://atozmarkets.com/news/uk-treasury-classifies-xrp-exchange-token-not-security

magneto

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Quote from: TheBitcoineers on January 14, 2021, 01:45:35 PM

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

I actually got turned off XRP for exactly the same reasons as you.

The team doesn't seem to care about lowering the 20 XRP minimum, which should be the most logical thing to do after their coin went on a price hike for the ages. And although their main selling point was that they are a coin with real, fiat-world sponsors, that is really a double edged sword - it also means that their coin is totally centralised and really no different to fiat-economy financial services.

But it actually makes sense that people are buying. You have to take into account the price at which they are buying at, which is a huge discount compared to the highs of 2017. The majority are simply speculators looking to time a rebound, and/or hoping for some regulatory changes.

You have to understand that even the worst altcoins can be a bargain at a certain price.

BitindaHouse

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People buy XRP BECAUSE every coin has the ability to grow. Of course, it can fall, but as practice shows, then all coins will rise in value many times, I'm sure of that. !!!!!!!!!!!!!!!!!!!!!

Shasha80

sr. member

Activity: 1876

Merit: 318

A very interesting question, with a lot of bad news happening on XRP why are there still investors interested in buying XRP. Even XRP is still in
the top 4 cryptocurrencies, this actually confused me at first. But after I did my investigation, It turns out that there are still many investors who
believe XRP will provide big profits after solving the problem of the SEC accusations. But I think it's very difficult to beat the SEC in court, so I better
avoid investing in XRP right now. Until there is clarity of the final court ruling regarding the SEC's suit against XRP.

Deddyhoku

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They just want to earn money on it, speculations and nothing more. Im not sure that there are enough real supporters in the internet

kevinzxz

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Quote from: TheBitcoineers on January 14, 2021, 01:45:35 PM

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

if I think they want to gamble by investing in XRP, because the price of XRP has fallen very far and of course if the price of XRP increases very high in the future (maybe there is something or news that could make the price of XRP rise very high) then they will get a lot of profit, but of course they must be prepared with a big risk, because it is possible that the price of XRP may not increase and instead go down.

Topic: Why are people still buying XRP? - page 10. (Read 2603 times)