Why are people still buying XRP? - page 9.

tvplus006

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Quote from: Novatech8 on January 18, 2021, 11:17:32 AM

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?

The higher the risk the higher the reward, lawsuits my foot, what makes crypto a fun place to be is the risks involved, XRP is a top altcoin project and it's the first that SEC will go after, there hasn't be any top project that SEC went after, what makes you think that XRP won't be victorious here?

Now, many countries are opposed to the SEC's requirements, which will be happy to see the Ripple campaign in their jurisdiction. I'm not a fan of XRP, but I see this lawsuit story as a good opportunity to make a profit. And those who managed to navigate correctly, bought coins for 17 cents and now hold XRP coins with a small profit by setting a stop loss.

Novatech8

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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?

The higher the risk the higher the reward, lawsuits my foot, what makes crypto a fun place to be is the risks involved, XRP is a top altcoin project and it's the first that SEC will go after, there hasn't be any top project that SEC went after, what makes you think that XRP won't be victorious here?

Coinsfera

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Most likely, they think XRP prices will hit the moon as the SEC lawsuit closes in favor of Ripple.

pinggoki

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yes because Ripple is still a part of cryptocurrency, even though they have bad rumors and are still being investigated by the SEC, Ripple still has a strong community, dumps can happen because of the outflow of market capital by traders, but investors still believe in Ripple until everything resolved by the SEC

The thing is that why people are still buying xrp although the xrp will be suspended by January 19 in some exchangers? And also it will be suspended in coinbase. The depositing and withdrawal of xrp will be suspended, why people are still buying xrp? This is not because xrp or ripple is still part of cryptocurrency but the people are looking it as an major and long term investment. I thought that this would be probably the main reason why people are still buying xrp although it will be suspended soon.

makishart

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Quote from: Congyang on January 17, 2021, 03:34:20 PM

it looks like that person is the type of person who still hopes with xrp or a beginner who doesn't know about xrp in detail. So for anyone who already knows XRP and is not interested, my advice is don't buy and allocate assets for other tokens that have the potential or you won't get a profit

The majority of them are still the longterm supporters of XRP. That being said if the loyal supporters of XRP are not moving yet to the another altcoins.
They will be moving when the price of ripple will touch zero value. When the new SEC chainman will be continue to suing it again and i do believe these loyal supporters will be slowly liquidating their XRP.

seleme

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It seems people believe in XRP and thinks XRP can be one of the best altcoins in the future. l think there is a really good chance for XRP to be among the best altcoins. But people who want to buy XRP for making good money should wait for a bit long time. That is why XRP is a good choice but for long term investing. It will take a long time for XRP to get a good price. XRP and SEC issues can go longer than 5 years if the court doesn't solve this quickly. The issues will remain for a year and this problem will not let the XRP investors pump the altcoin to old ATH. Unless bulls get aggressive on market, the $0.5 will be a dream for XRP investors and the trades will go underwater, in my opinion.

Congyang

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it looks like that person is the type of person who still hopes with xrp or a beginner who doesn't know about xrp in detail. So for anyone who already knows XRP and is not interested, my advice is don't buy and allocate assets for other tokens that have the potential or you won't get a profit

ChrisPop

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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

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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?

They are buying it from same reason as they did a month ago. To sell it at higher price. Speculation. That is why XRP was made in first place. Well to make owners of Ripple rich and for others to speculate on its price. That is its sole usecase.

Handsome Boy

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Quote from: ?? on ??

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.

I want to add the points that you have made,
3) New investors want to start investing in cryptocurrency, so he wanted to invest in a safe cryptocurrency (top 10 on coinmarketcap) and of course with the price of XRP is falling (far from its ATH price), so he is interested to investing in XRP and hope that the price of XRP increases very high (reaches its ATH price), although he didn't know that XRP was in trouble (SEC sued Ripple).

tvplus006

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XRP has issues with SEC. Already price of XRP dumped more than 100% with the news in the last December. Still not solved the problem. CEO of XRP already said to solve issues. Many exchanges start delisting XRP from their exchanges. It's bad time for XRP. I won't recommend to buy XRP in this situation.

It will be possible to talk about the fate of XRP only after the court makes its decision. Until then, all purchases of XRP at the dumping price will be risky. But at the same time, it may be the best investment that will bring more profit, if the court rules in favor of Ripple.

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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?

Asking why people still buying XRP is like asking why people are investing in cryptos, isn't it all about money making? Most people don't even invest for what the project is all about or how useful the project can be, it's all about doubling their money in no time

chikading2016

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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?

Everyone of has an own sigth with regards to the coin that we invested, if you dont like the coin example the XRP,XLM,etc, there are still people that like it and still invest into it because we have different understanding about the different coin, i believe that those people who still invest on xrp knows what they are doing, maybe they have a feeling that xrp will soon rise.

rainingbitcoins

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I think most people who buy ripple for now are lure from them to trade and play the price and I think ripple is currently not optimal for now if it is used as a long-term investment because the volume on the market is decreasing. but what I wonder why is it still listed on the exchange? doesn't that mean that Ripple itself is not a scam.

maye5104

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Maybe some inexperienced investors believe Ripple will win the lawsuit and succeed in the future. If the suit gets dropped, XRP will literally moon.

Dr.Osh

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I don't know, after hearing the news from the SEC, I stopped following XRP's developments because I was pretty sure that the price was going to fall. however, until now, the price is still quite stable, and it is still going on, in fact, some people still really believe in the development of XRP, so because of that, they are still buying XRP until now.

JeffBrad12

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Quote from: buriks on January 17, 2021, 12:59:14 AM

if at this time there are still many who sell or buy ripple because many of them are investors who may still hope to return the capital they have invested. and see how many are buying it because many small investors are expecting a profit while there is still a chance. because in my opinion ripple is falling for now, but it doesn't matter if we trade with not too large capital on the exchange.

As said by so many members if those are only betting and they are not investing. They are betting on the decision that will be taken by the court in the future. This is likely when you are betting with something that's not yet clear whether it will be considered as a security coin or not. People are losing their mind to get the short term profit. They are risking themselves to shorting the ripple market.
They are very ambitious caused by the possibility to get instant profit.

buriks

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if at this time there are still many who sell or buy ripple because many of them are investors who may still hope to return the capital they have invested. and see how many are buying it because many small investors are expecting a profit while there is still a chance. because in my opinion ripple is falling for now, but it doesn't matter if we trade with not too large capital on the exchange.

raidarksword

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People still buying xrp because they believed that lawsuit was only a FUD to them and with that effect it escalated panic selling that's why xrp fanatics are buying the dip for future assessments after the issues that xrp are facing right now. I still using xrp for withdrawal purposes because for me it has low fees and fast transactions no matter if it's centralized I still have benefits on them for now.

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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?

The main reason for this might be that , it’s holders still think that the SEC issue with the coin will be solved very sooner.
But they aren’t aware of what is the scenario outside their imagination.
I have also heard that many people still holding it due to it’s low price.
And according to them, they had strong belief that the coin will be back recovering,
And they will earn huge profit from it.

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