Why are people still buying XRP? - page 11.

Bitstar_coin

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Quote from: mu_enrico on January 15, 2021, 07:01:14 AM

As I said, the Crypto market is irrational and highly manipulated. It doesn't matter if the coin was hacked, useless, scam, etc., as long as whales still hold it tight and the bot's algorithm is still function, we won't see the epic dump.

But, it will go to zero just like Bitconnect if the SEC gives its final decision to ban XRP.

very irrational and full of surprises but i know this won't linger for a long time, even if the whales are manipulating and trying to put up a front, it won't last long, i think the price of xrp is still moving up or down because the final verdict have not been passed just as you said, if i where investors of this coin, i will wait it out and hear what the final verdict will be before any kind of investment, they could be buying time with this strategy, just saying Lips sealed

Imran232

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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?

It is a decision for expert traders what i think. People are leaving xrp because they are very afraid for suspend some biggest us based exchange but its not mean that xrp will be gone or it has no power to get back. Some of exchange suspend it for us not for world but it still in lots of biggest exchange. Now the expert trader see the potential and they know that it is in deep but the price will be high Again. That is why they take this chance to buy the coin in this deep price that is called another secret method in crypto market. That is why people still bying xrp.

mu_enrico

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As I said, the Crypto market is irrational and highly manipulated. It doesn't matter if the coin was hacked, useless, scam, etc., as long as whales still hold it tight and the bot's algorithm is still function, we won't see the epic dump.

But, it will go to zero just like Bitconnect if the SEC gives its final decision to ban XRP.

cilgindansci

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US President is now Biden. He selects new competents for institutions in the country. One of these appointments will be SEC related.
We will follow the new SEC President's attitude towards cryptocurrencies. I think the new SEC President will have very good results for Ripple.

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Quote from: Gunday_07 on January 15, 2021, 04:16:29 AM

To make more profits, idiots are those who believe that SEC is a project killer when there is no prove that SEC has killed a top project before, it's true that some projects never remain the same after SEC bounced on them but come on this is XRP for crying out loud, I doubt SEC will have bad effect on this project

It is something to consider because you don't know the extent to which the sec law suit will go and what damage it might likely cause to the project, this are some of the things people where consider when they decided to dump or sell their holdings when the issue started,
it is not easy to fight against the law especially when the offense is high, but if that company has a solid backing probably it will be able to withstand any pressure and survive.

Gunday_07

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To make more profits, idiots are those who believe that SEC is a project killer when there is no prove that SEC has killed a top project before, it's true that some projects never remain the same after SEC bounced on them but come on this is XRP for crying out loud, I doubt SEC will have bad effect on this project

LogitechMouse

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Profits.

Lets face it, many traders gained a lot with XRP when it fell at around $0.20. Many people gained easy profit with Ripple and as a contrarian, I also bought some Ripple too at the $0.20 too and now at a profit. I'm not holding it for long term but I just bought them for short term and that is already an easy profit knowing that it already fell too much. I know that there is a risk on buying it but I took the risk and now I got rewarded and many traders took the risk too.

Botnake

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There's a volume still in the daily transaction, but we could not verify if there are a lot of investors who are buying Ripple. Actually this is a big coin, it will not easily fall but those who are buying it are really taking the big risk that their investment could go worthless once Ripple executives are proven guilty of a big violation.

Psynthax

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Some people don't really care about the circumstance XRP is in and what they want to do is just buying the dip (they think XRP is undervalued) and that happens to a lot of people who like to speculate but don't want to get updated on the coin's condition and upcoming update or even news.
People not gonna buy XRP anymore when it got delisted massively so as logn as XRP still in the market someone gonna buy it.

shoreno

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you mean some xrp wallets that you have used requires a 20 xrp minimum balance for you to continue using the wallet? or it is a fee because you wont be able to use it again but that was the worst rule for a wallet that i ever heard of .

i use xrp and xrp wallet last year but it didnt requires me to do the same . you need to stop using a wallet like that and search for another xrp wallet . that shouldnt stop you to use xrp but not for the last two reasons thar you have stated because those were already serious

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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?

What do you mean 20 xrp minimum? Oh, or perhaps you are talking about some requirements of other non custodial wallets. 20 minimum should be stored to do some transactions. It doesn't matter to me, in fact I comply with their TOS.

On the other hand, am one of those who still bougjt xrp. As you know, even delisting and SEC suit issues were very noisy this past few weeks. As long as they are not yet official announcement from their own company then xrp will still be active and price will still flactuate and we can still trade it in some exchanges. As long as they are still buying this coin because they still believe that xrp will going to win this case, then it will still be a good buy.

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Quote from: Banulit on January 14, 2021, 07:40:41 PM

The reason why people still buying XRP is because they are seeing that the price of it is very manageable and undervalue as of the moment. Also, even though ripple is having a lawsuit case they still believed that XRP will win and overcome this trials and once again rise up which will definitely give them a much better profit.

it's still over valued at this moment.

Ripple is still waiting for the new enforcement director to come and we will see whether ripple can still be used by SEC or not. The ripple holders were believing if the new director will have different perspective to the ripple.
It's the thing that being used by ripple holders to still bet into the ripple coin at this moment.
https://cointelegraph.com/news/xrp-price-fails-to-ignite-recovery-as-sec-enforcement-director-leaves-post

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The reason why people still buying XRP is because they are seeing that the price of it is very manageable and undervalue as of the moment. Also, even though ripple is having a lawsuit case they still believed that XRP will win and overcome this trials and once again rise up which will definitely give them a much better profit.

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Quote from: bittick on January 14, 2021, 07:20:08 PM

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?

people are buying it consider about the profit that they can from it from there. RIpple traded at the bottom price and the short term traders were using it as a new bet to gain the profit from the bounce that can happen anytime. It looks like the price of ripple is going down again and the short term traders are leaving it for DOT.

i believe a lot are still interested especially those scalpers that are still getting profit from this market. i dont think most of them are thinking of long time hodling. the future of xrp is hazy at the moment, so holding it, is really quite dangerous. so i believe, most of these traders are just here for short term profits.

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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?

people are buying it consider about the profit that they can from it from there. RIpple traded at the bottom price and the short term traders were using it as a new bet to gain the profit from the bounce that can happen anytime. It looks like the price of ripple is going down again and the short term traders are leaving it for DOT.

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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?

BUY LOW SELL HIGH!
This had been the common reason because no matter how bad the news is, you cant really remove on someones mind not to take out actions on buying out while its still cheap
or there are bloods on the streets.People do usually get hesitant into these kind of times on where they thought that it would really die but eventually the price had
climbed up a week ago as far as i remember which is really a profit making opportunity to those who risk out on buying while its still cheap but of course at this
moment we are seeing that it is really dumping once again. Dead cat bounce?

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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.

The 20 XRP wallet balance isn't that much way back then and I don't mind having it on a wallet. It's like a safety deposit which will be landed to the wallets and won't be claimed anymore, forever.

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

But now, with the giant lawsuit, why are people still buying?

As long as it's purchasable through several exchanges that have it, you can't stop people to buy it. You even see people buy shitcoins.

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There can be 2 main reasons for people still buying xrp:
1) Hardcore supporters that still have hope that xrp will come back stronger and its SEC issues will be resolved.
2) The traders especially those that trade on technical signals think that xrp price is cheap and at longterm support price so for them this is an attractive entry for them.

Or it is possible that the ones buying hard are the developers themselves. They have the fund from the long time monthly selling of their stash to keep the price and possibly pump them. They are doing this to convince bystanders and observers that the XRP price won't be affected even though there is a lawsuit against them. Which if successful will make the XRP market neglect and forget the current lawsuit against them.

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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?

People are buying XRP because they are probably expecting from the current state of XRP, the verdict in favor of XRP will be through the courts. All investors want to make a profit, the investors who are now buying XRP may have recently increased their holdings due to the huge dump of XRP.

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Because people care about profit more than anything else. Crypto is used more as an investment than anything else, and we have to accept that. XRP is probably doomed and I hope it is out for good, considering the damage it's done to the markets mutliple times in a row.

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