Topic: Why are people still buying XRP? - page 8. (Read 2650 times)
XRP is a TOP altcoin, that's enough for many to still believe that SEC isn't enough to bring down this wonderful project, if XRP manages to accomplish it goals it's value will never remains the same again, many powerful organizations are eyeing XRP, that's a certainty
Who are buying the dips? It's simple they are traders or investors who are looking to buy now that the price is kinda low and expect it to pump later on in the future, so they can make some profits 
, Ripple has a good community support cause even with the law suit, its still among the top 10 cryptocurrency chart, even though it dipped in terms of price and marketcap, I honestly thought with this lawsuit alot of bad things where going to happen like XRP loosing it's spot to Litecoin, but some how it managed to stay on top.
There are always very low chances to pump any risky coin, but there must be high profits. Once Ripple took second place in the coinmarketcap even though I didn't support the Ripple coin. Rather, I would like to buy a Ripple coin instant when Ripple recovers this law suit. From this coin I don't expect high profits because of top altcoins. , Ripple has a good community support cause even with the law suit, its still among the top 10 cryptocurrency chart, even though it dipped in terms of price and marketcap, I honestly thought with this lawsuit alot of bad things where going to happen like XRP loosing it's spot to Litecoin, but some how it managed to stay on top. 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?
Most crypto users love XRP's existence. The facto, I am also very interested in Ripple. But this goes back to the individual investor. XRP is indeed experiencing problems with the SEC lawsuit, but there are most countries that are ready to accept the existence of XRP, so that XRP transactions will continue to run well.
Maybe they believe that it will recover soon because it was already in the bottomed price so I guess for them this is the right time to buy a cheap XRP but I don't think if it is good to hold for long term, maybe for short term you will earn profit for sure. I don't expect XRP hitting $1 price seems it's difficult for XRP to reach it.
Same with ETH, some will definitely still support Ripple, and by saying some I meant a lot, there's still hope for sure that XRP would make a comeback, just like what also happened in ETH, but if it does not and continues to plunge into the bottom, then I'd say we bid goodbye to Ripple.
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.
Perhaps you meant investors, not traders. I don't think traders give a hoot about the longterm. They just buy and exit trades once there's a signal to cash out. This can be done within a day. Those who hold trades longer than a week looking for longterm resistance could be doing so from investors' perspective. Again, I think those who are still buying Ripple are banking on a miracle happening so they could be reaping a great ROI. This may happen or may not happen. It's a risk. Those buying Ripple should know that and be prepared to face the merit or demerit of their decision. It is simply because people have the trust in XRP and hoping that it will come back on top again in the near future. Remember that it is still in top ranking cryptocurrencies in the coinmarket, so it is not bad to invest on but still be cautious enough.
Yes, in terms of ranking it can still be said to be very good because the XRP token is still in the top five in the list of coins, so it is still worth choosing as an investment token even though it is not suitable for the long term, but for the short term I think it is still very suitable.now that they follow our advice of buying top coins and xrp is among it , why are we now complaining ? but i know , complaints arent going to be stopped .
the only way to stop buyers buying xrp is to remove xrp from the top ranks and that is currently in the making ,
polkadot already surpasses xrp and next potential coin that are going to surpass xrp is cardano and the list goes on .
A few days ago, I was doing consolidation some of my coins, then I need to send it from one exchange to another. XRP had by far the lowest withdrawal fee, 0.1XRP which is ~$0.025 at the moment. Listed probably on all major exchange, low spread, easy to sell, transaction executed almost instantly.
So why not to buy and use XRP?
So why not to buy and use XRP?
because there are still many who give confidence in the ripple, that is why when ripple is still active on the listed exchanges. and most people today buy ripple to hold it long enough to make a big profit. besides that, I think that currently Ripple is still holding out until it is delisted on the exchange.
Who are buying the dips? It's simple they are traders or investors who are looking to buy now that the price is kinda low and expect it to pump later on in the future, so they can make some profits , Ripple has a good community support cause even with the law suit, its still among the top 10 cryptocurrency chart, even though it dipped in terms of price and marketcap, I honestly thought with this lawsuit alot of bad things where going to happen like XRP loosing it's spot to Litecoin, but some how it managed to stay on top.
, Ripple has a good community support cause even with the law suit, its still among the top 10 cryptocurrency chart, even though it dipped in terms of price and marketcap, I honestly thought with this lawsuit alot of bad things where going to happen like XRP loosing it's spot to Litecoin, but some how it managed to stay on top.
They keep investing because it's a top project, if XRP is ranked 200 on coinmarketcap and SEC comes along like they did right now people will surely stop adopting the project but for the fact that XRP is a big project it won't die easily, I believe this challenge is an opportunity
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 guess people still do believe that SEC will just let XRP go without any questions asked at all. Do you really think SEC will allow Ripple to get away for free without letting them know we need to be exposed? Ripple will be forced to find a way to let SEC know every single person who owns XRP, obviously only in USA but every single place who trades with XRP will have to use KYC and every person will be forced to say how much they have and which address is theirs, otherwise nobody can have XRP and if they do, it will be illegal.Why would SEC allow one company to do whatever it pleases, print their own money and sell it and get hundreds of millions of dollars profit from it while maybe laundering money for bad people? They will most absolutely get whatever they want from Ripple and all the people who expect this to be soon over and price going up are wrong on the "over" part (price may go up, that's irrelevant).
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?
You are making points against some cryptocurrency lovers. We all have some favorite coins, we don't accept any bad comments on our favorite coin. I don't support Ripple so much, but Ripple supporters still believe XRP will overcome this problem. Maybe investors are thinking XRP could return high profit after this problem, but smart investors never do that. If each people need to keep atleast 20xrp in wallet, then huge amount of xrp will be freezed and they easily stoke investors money forever.i already sold my xrp after those SEC & Delisting issue but lots of people are getting interested on it cause they think, they could earn some percent of profit by taking such kind of risk.and that's true cause xrp already raised around 35% from its last drop around 0.22$
Those people who take the risk are good players ho understand the sentiments of investors.
Though not all are such kind as there are still other newcomers who thinksthat this coin still good for long term as the project still
inside the top 10 of CMC, not realizing that the case from SEC is well enough to put this coin down. It's very risky and if you don't have
any good experienced riding with the wave then better to stay away and find other project to invest your money.
If each people need to keep atleast 20xrp in wallet, then huge amount of xrp will be freezed and they easily stoke investors money forever.i already sold my xrp after those SEC & Delisting issue but lots of people are getting interested on it cause they think, they could earn some percent of profit by taking such kind of risk.and that's true cause xrp already raised around 35% from its last drop around 0.22$
The reason why XRP recovers is because they are countering it with shill post that XRP really don't have any charges from SEC to hype again XRP holders.I can't find anymore the exact article but it was published on news platform and this article is been circulating on social media since last week.
Soon this coin will be totally dead once SEC force them to halt trading due to Security Token issue just like Airfox and Paragon.
If each people need to keep atleast 20xrp in wallet, then huge amount of xrp will be freezed and they easily stoke investors money forever.i already sold my xrp after those SEC & Delisting issue but lots of people are getting interested on it cause they think, they could earn some percent of profit by taking such kind of risk.and that's true cause xrp already raised around 35% from its last drop around 0.22$
I can't understand why people still buying xrp because most of top exchange already delisting xrp coin. If you want buy xrp then i can recommend you it has been huge risk. There are many top altcoins so better you can got them and avoid xrp at this time.
Its price still recovers as bitcoin price grows. You can still earn few percents on this ups and down. Or you can arbitrage ripple on several exchanges.
There are still people who thinks that ripple can get away from sec claims (lol) and buy “cheap” ripple now.
Any altcoin in the market does really correlate with bitcoins price its never been dependent or reliable thing for you to depend when making up investment decisions.
In the question on why people do still buy inspite of the situation where XRP is facing then there are people which can really play with fire and taking up
some risk to buy even though they are full aware on whats happening around with XRP. If we have observed after the dip of its price, it did really eventually
have some recovery which means that was an easy money for those who do took risk on buying it while its still on deep red.
I can't understand why people still buying xrp because most of top exchange already delisting xrp coin. If you want buy xrp then i can recommend you it has been huge risk. There are many top altcoins so better you can got them and avoid xrp at this time.
Its price still recovers as bitcoin price grows. You can still earn few percents on this ups and down. Or you can arbitrage ripple on several exchanges.
There are still people who thinks that ripple can get away from sec claims (lol) and buy “cheap” ripple now.
I can't understand why people still buying xrp because most of top exchange already delisting xrp coin. If you want buy xrp then i can recommend you it has been huge risk. There are many top altcoins so better you can got them and avoid xrp at this time.
I bet there are still plenty of people out there that trade XRP and haven't even heard about the lawsuit. Others might think this is a good R:R trade if Ripple Labs manages to somehow win the case which is very unlikely. Others are just purebred gamblers haha
But I believe all of the xrp trader have heard about the lawsuit. Even a newbie investor might heard about it. Cause xrp price have fallen down sharply while whole crypto market was moving forward. Probably everyone searched for the reason when it happened. So the matter shouldn't be unknown to any traders. Maybe few people believing that ripple will win the case in court. Or they are purebred gamblers as you said. And taking the risk by investing in xrp. Most likely, they think XRP prices will hit the moon as the SEC lawsuit closes in favor of Ripple.
That is a good reason. but I have more reason, covid - 19 - the banking chains of most countries stall and cash is gradually being limited is to reduce covid -19 infection problems. They buy xrp and it's completely free to use and transfer money.Good sign when the xrp value drops and just waits for the report to be removed from the SEC.
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