Why are people still buying XRP? - page 5.

noahmikkel

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Quote from: TheBitcoineers on January 14, 2021, 12:45:35 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?

Ripple (XRP) is still worth buying to be honest, XRP bullish potential to $1.0 remains intact despite recent pullback and lot's of people are still buying XRP coz' if you really into it, you'll find out the current status of their lawsuit case against SEC and they're winning against that case.

Jordi129

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I'm also confused about why, after the SEC issue, other people are still buying XRP, because most exchanges have removed XRP from the list, so if people are constantly XR If you buy P, it will be a big risk. I think investors are trying to take advantage of the cheaper price of XRP, assuming that XRP can return its price if the wave solves this problem

Rana590

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It is natural that the price of a cryptocurrency may go up or down. But we need to buy at the right time and sell through good profit income. My biggest loss in 2018 was buying XRP.

slaman29

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Quote from: forexandcryptoauditor on February 03, 2021, 05:57:26 PM

Seems people still believe in XRP. Also seems there is no big deal for them with the current lawsuit. Another point that many traders and investors think that since its price is very less, it can be accumulated in huge numbers, and in the future, it may give good returns.
Let's see how it goes.

Speculators are speculators. Crypto people were investing in scam tokens knowing they were scams. Investing in ICOs they had no clue about. IEOs just because they were promoted everywhere.

Defi because they know they can get in early and make a killing.

XRP looks like that. Something cheap to buy to make a killing when the lawsuit is forgotten.

akirasendo17

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Quote from: TheBitcoineers on January 14, 2021, 12:45:35 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 believe in XRP (Ripple) even with a lawsuit because they face the same issue in the past but able to dodge it, at the same time maybe they believe that with XRP(Ripple) they will become a millionaire like what other holders of other currency like bitcoin, ethereum, etc., we have different beliefs in life, maybe they are just following their guts, that someday the clouds will be clear.

nomenclatur

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Quote from: TheBitcoineers on January 14, 2021, 12:45:35 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?

Because it was influenced by Fomo, many people were interested because Fomo made the price of ripple rise again so rapidly, no wonder that until now, ripple still survived because their large community and investors made the price of ripple still survive if was an investor out and maybe later the price of ripple would befalls and losses in cryptocurrency can all happen quickly.

xzone

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Quote from: blogclaim on February 04, 2021, 02:53:03 AM

XRP future is moon. I hope XRP price are going high, this the reason of people buying XRP. I also buy and hold XRP coin for future.

I would never have made such an investment. Do you know enough about XRP? It is not a good option to invest in the long term.
People who love bitcoin generally don't like XRP. It is far from the system we dream of.
It provides good opportunities for daily trade and enables you to earn money, but it is never a long term coin

geegaw

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Quote from: saffira on February 03, 2021, 06:57:01 PM

People still trust xrp regardless of bad issues. I also invest in xrp and in the past month I do not lose rather I doubled my investment because its price rise simultaneously with btc and eth. It only means that they are fixing the problem.

The first point that we need to think about this story is that we are in an opportunistic market, filled with fraud and ambiguous news, as long as we have certain loopholes in our mentality and decisions, whales and those who control this game will thoroughly use those factors to manipulate and make more money for them, Ripple is a prime example of manipulation. Therefore, people still believe that ripple is a wrong thought, people only believe in the chance that can happen, many people are afraid but they still buy simply because investing is buying when others panic

Yamifoud

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Quote from: ?? on ??

because xrp is still traded and it means that there will always be buying and selling, if it is no longer traded, xrp will die.
the bad news regarding sec is only temporary fud and now the news has disappeared and has been clarified.
the market will always have its own way of doing it.

I don't see any announcement that XRP has been cleared out from the SEC but it has to say that they were silent now and might the reason why people have the courage to invest and buy back again. They are in really good timing since the price is low, people can do bulk buying instead. The trading is still alive.
But for me, it didn't look like that, XRP still out of my consideration. If ever I have some XRP in the coming days, that could be just temporary and just passes by, I save it for the fees.

LogitechMouse

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Quote from: bryant.coleman on February 04, 2021, 01:07:39 AM

XRP is one of the most manipulated cryptocurrencies out there in the market. A dozen or so of the large holders own around 80% of all the XRP in circulation and therefore it is relatively easy to manipulate the exchange rates. On top of that, several users now regard XRP as underpriced, as a result of the crash which followed the SEC announcement. But the long term prospects look doubtful for me, with issues related to SEC not moving in the right direction.

I might agree with this after what happened few days ago Cheesy

.

There are many who got FOMO'ed with the recent pump and dump to Ripple. Many are hoping that the recent pump is the start of the new rise of Ripple but they are wrong thus many people are at a loss right now and those who are smart enough to know when to enter and exit are as usual the ones who gained the most profit.

People are buying XRP still because of 2 reasons. Short term profit or trust. There are people who are buying XRP because of short term profits like me who bought it at $0.21 and I got my initial investment doubled thanks to that pump and dump that happened few days ago. There are some people though that are buying it because they believe that it will come back into its past highs. Whatever the reason is, Ripple will still be on top whatever happens.

aryana42

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Quote from: JNR on February 03, 2021, 04:07:58 PM

i think now you understand why people still buying xrp, because they want to make profit by investing in xrp, but mabye in short term
because i think, in long term its too risky by investing on xrp

It is true, for the short term it is not wrong to choose XRP, because the current position of the XRP token has also begun to be good again even though their problem has not been completely resolved, meaning that the XRP token is still in the category of a good token to choose in the short term.

blogclaim

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XRP future is moon. I hope XRP price are going high, this the reason of people buying XRP. I also buy and hold XRP coin for future.

bryant.coleman

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XRP is one of the most manipulated cryptocurrencies out there in the market. A dozen or so of the large holders own around 80% of all the XRP in circulation and therefore it is relatively easy to manipulate the exchange rates. On top of that, several users now regard XRP as underpriced, as a result of the crash which followed the SEC announcement. But the long term prospects look doubtful for me, with issues related to SEC not moving in the right direction.

b1boy

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For me personally i have actually always like XRP because it has one of the cheapest sending fees and also really fast but since the lawsuit happened we can see it affected the price a little bit and most people already cashed out their invest but XRP is still standing which is to show the standard of the coin and hopefully in the nearest future it can get back on its feet and most exchange would relist it

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Quote from: kawetsriyanto on February 03, 2021, 06:48:25 PM

Quote from: pixie85 on February 03, 2021, 04:52:27 PM

XRP is a bad coin that's what you should learn from this situation. The SEC action should be a warning to investors.

Do you really understand what is the SEC issue exactly? It is not about the quality of the XRP token but another case. I don't think you can easily state XRP as a bad coin only from the current case of the lawsuit. If XRP is a bad coin, it won't survive a long time as the top 5 crypto coins in the world. People aren't stupid, they won't invest their money on bad coins. Please don't spread more FUDs! Just wait for the result of the SEC case. Be wise!!

aside from that, there are actually a lot of stakeholders in xrp. they forged a lot of partnerships already. look at japan, they keep supporting the xrp project. so if this is a shit coin, dont think many entities will continue trusting them.
xrp should resolve their sec prob as soon as possible. and yes being in the top 5 is a big deal. if youre a bad coin, you wont stay that long in that list.
people are still buying because they believe xrp team can get out of this mess. i think they will, unless one or majority of their key people will give up and sell his stake.

saffira

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People still trust xrp regardless of bad issues. I also invest in xrp and in the past month I do not lose rather I doubled my investment because its price rise simultaneously with btc and eth. It only means that they are fixing the problem.

kawetsriyanto

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Quote from: pixie85 on February 03, 2021, 04:52:27 PM

XRP is a bad coin that's what you should learn from this situation. The SEC action should be a warning to investors.

Do you really understand what is the SEC issue exactly? It is not about the quality of the XRP token but another case. I don't think you can easily state XRP as a bad coin only from the current case of the lawsuit. If XRP is a bad coin, it won't survive a long time as the top 5 crypto coins in the world. People aren't stupid, they won't invest their money on bad coins. Please don't spread more FUDs! Just wait for the result of the SEC case. Be wise!!

santiPOGI

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Quote from: TheBitcoineers on January 14, 2021, 12:45:35 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 ever there are still people hold Ripple, that is because in their mind it could recover the issues in the future then will rise again.
So, you can't blame them especially if they have a huge amount of holding in XRP. Besides, there are still other exchange were they're not delisting Ripple so far and yet it is still tradeable.

blockman

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Quote from: bluelogic on February 03, 2021, 04:00:07 PM

Even if it was FUD it is still a bet that the SEC will just fine XRP and that will be the end.

It is not a FUD but it is an actual lawsuit that the execs are facing plus the actual company too. I doubt that the SEC will have it settle and just take the fine with a penalty.
If you have an idea what did SEC has done to the other project companies before, they've really tracked them down and did almost the same without showing any settlement to them.

Distinctin

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Quote from: forexandcryptoauditor on February 03, 2021, 05:57:26 PM

Seems people still believe in XRP. Also seems there is no big deal for them with the current lawsuit. Another point that many traders and investors think that since its price is very less, it can be accumulated in huge numbers, and in the future, it may give good returns.
Let's see how it goes.

They are fooled by the pump happening this time attracting people to invest but for those who know more about XRP, I don't think they will take the bait. I'm holding XRP before but as the issue rises, decided to sell.

I understand that they are trying to catch the uprising trend of XRP but I'm not confident if the surge will reaching its ATH and make these people paid off from their investment. I'm worried about if the dump will come once the SEC finally announcing the result of their issue.

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