For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
Honestly, you're spot on with that catch phrase the promoters adopted. During my early days in cryptos that expression used to perplex me because I knew the sing song here at that time was the banking sector being against cryptos. So, if banks were against cryptos how then would it be that Ripple (as it was called then) would be their darling? It was a conflict. XRP remains about the only top 10 crypto that I haven't come around to buying for the sake of hodling, at least for once. I don't like the dynamics behind it. Its supply is huge for me. 
Topic: Why are people still buying XRP? (Read 408 times)
People still buy Ripple, because of Ripple past glory. Buyers believe that Ripple will again cost more than $3 and they can get rich quickly, they believe Ripple again will take top3 place in CMC. Some buy it just because of Ripple popularity. But from my point of view, the fate of Ripple is already known - death. Still havent replaced SWIFT, still isnt used by majority of banks, still have SEC claims, havent updated ATH when everyone else did.
XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .
Is there a reference if it's true that xrp has won from the SEC?Xrp really has a strong foundation and it's proven that the price continues to follow where bitcoin is going. although xrp can't be as good as doge in the 2021 bullrun, xrp continues to follow market movements even though it's still under SEC pressure. what if the problem with the SEC is resolved I'm sure the price will increase rapidly.
US securities regulator moves to bar XRP holders from helping Ripple in court
https://coingeek.com/us-securities-regulator-moves-to-bar-xrp-holders-from-helping-ripple-in-court/
XRP (Ripple) up 15.5% this week... why?
For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
But are they really?? Who? Which ones? ...
Its only the System called RippleNet that Financial Instituions and Banks use. They use the Ripple XCurrent Messaging system which is a competitor to SWIFT.For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
But are they really?? Who? Which ones? ...
It is completely seperated from the Token and those financial instituitions pay to use Ripple XCurrent. The XRP token has just been a money-grab for The company behind ripple to line their pockets from people that don't understand this. I first read up on RippleNet and its separation from XRP in 2018 and found this out, nothing has changed.
https://www.mycryptopedia.com/ripplenet-and-ripple-xcurrent-explained/
XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago...
No, the SEC lawsuit against Ripple is not over yet, so it's too early to talk about it. Such processes can last for years and it is this circumstance that prevents the price of XRP from updating its ATH. But if the court decides in favor of Ripple, then there is no doubt that the price of the coin will rise rapidly, even if the market is bearish.
There are a lot of XRP haters on this board but it has the most real world partnerships out of any chain. Now that smart contracts are being added to XRP, only a couple chains can compete with it tech wise, namely Solana and CNDL chain.
Can you name a few? What "partnerships" exactly? I'd really like to know.
XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .
There are a lot of XRP haters on this board but it has the most real world partnerships out of any chain. Now that smart contracts are being added to XRP, only a couple chains can compete with it tech wise, namely Solana and CNDL chain. 
Don't forget most people doesn't care with decentralized, centralized or privacy stuffs.
For me, people who are buying Ripple are most newbies or people who are lured by the hypes especially some influencers who are just being paid to advertise.
Agree. People sometimes do not really care about something behind the coins. As long as they think there is an opportunity to gain profits from that coins, they simply buy the coins whether for holding or trading. It happens on XRP, people know it has a bad issue related to the lawsuit but people ignore it as they are influenced by sweet rumors spreading by XRP lovers/armies. However, most people easily influenced should be newbies or people who are careless with XRP cases.
XRP is a coin that has a strong foundation and capital, they have won a lawsuit that occurred 2 years ago, and this proves that the future of XRP will continue to shine, I have also invested in XRP 5 years ago and deserve to be the next 100x .
I used to buy the hype that XRP will be used by banks. In 2016 I bought thousands of it because I will be making huge profit if happen. And then 2018 where all lawsuits and SEC hits them.Nothing was change after it. Garlinghouse has nothing to say anymore. I dont see it happening either, it must be true that its tech is outdated.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
Compared to other stable coins, XRP is really a good option to save fees in crypto transactions. Maybe that's one of the main reasons why people prefer buying it during this season and since it's still functional in most transactions, investors still see it as a good investment. We can't deny the fact that despite its past issues, XRP still strikes up during the bull market.
However, I'd just admired the stronghold of this project that is still able to survive despite the SEC issues been throwing at them.
Even after that, why invest into something that hasn't shown any improvement during the last bull market? Think about it, everything broke its ATH during that period and XRP still has its ATH sitting in 2018. This should be good enough reason to realize that you are not going to get anything good out of this.
I understand that it is a coin that has been around for a long long time and that is why people are investing into it, because they trust the history of it. But currently, there are much better coins and you should start checking them out. Trusting a company and two guys to make you rich makes no sense to me, it is the worst possible way to invest in a decentralized market filled with decentralized projects.
It is true that when we see ripple as just an investment it has shown terrible performance as you could have obtained way more profits with other coins, so I can only think of two possibilities about why people are still investing in the coin, the first one is that people are expecting the investigation against ripple is going to end up favorably and if that is the case they are expecting a massive jump in the price.I understand that it is a coin that has been around for a long long time and that is why people are investing into it, because they trust the history of it. But currently, there are much better coins and you should start checking them out. Trusting a company and two guys to make you rich makes no sense to me, it is the worst possible way to invest in a decentralized market filled with decentralized projects.
The second reason could be that investors are simply not ready to accept the massive losses they are having in terms of bitcoin and they are throwing more and more money into ripple thinking that at some point they can breakeven, however I think it is very unlikely this is going to happen and all of those people are going to suffer even greater losses than if they just sold their coins already.
Even after that, why invest into something that hasn't shown any improvement during the last bull market? Think about it, everything broke its ATH during that period and XRP still has its ATH sitting in 2018. This should be good enough reason to realize that you are not going to get anything good out of this....
Nevertheless, the benefits of XRP are obvious to everyone. And as a result, this coin has a real use by banks and other international financial institutions. It is possible that it is precisely the fact that this coin has not surpassed its ATH, the reason for which is precisely the lawsuit, that attracts investors to buy XRP. After all, in the event of the end of the trial and given the fact that the former technical director of Ripple, Jed McCaleb, has finished selling coins belonging to him, may push the price of XRP to the moon.
I used to buy the hype that XRP will be used by banks. In 2016 I bought thousands of it because I will be making huge profit if happen. And then 2018 where all lawsuits and SEC hits them.Nothing was change after it. Garlinghouse has nothing to say anymore. I dont see it happening either, it must be true that its tech is outdated.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
Compared to other stable coins, XRP is really a good option to save fees in crypto transactions. Maybe that's one of the main reasons why people prefer buying it during this season and since it's still functional in most transactions, investors still see it as a good investment. We can't deny the fact that despite its past issues, XRP still strikes up during the bull market.
This coin has it's position in the top 100 coins but for some reasons I don't pay attention to XRP. I think that it still keeps up because of it's past glory and nothing else.
I used to buy the hype that XRP will be used by banks. In 2016 I bought thousands of it because I will be making huge profit if happen. And then 2018 where all lawsuits and SEC hits them.Nothing was change after it. Garlinghouse has nothing to say anymore. I dont see it happening either, it must be true that its tech is outdated.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
Only reason people uses it still is the cheap transaction from exchnage to exchange rather than using stablecoin.
...It has been popular. So regardless of it being shitty and is facing cases, it remains within the choices of many innocent users.
Until the judicial investigation is completed, a large investor will refrain from buying this coin. Those who buy XRP now expect a quick profit or are confident that the judicial investigation will end in favor of the issuer of XRP tokens. In this case, it is necessary to take into account the fact that this trial can last for years.I understand that it is a coin that has been around for a long long time and that is why people are investing into it, because they trust the history of it. But currently, there are much better coins and you should start checking them out. Trusting a company and two guys to make you rich makes no sense to me, it is the worst possible way to invest in a decentralized market filled with decentralized projects.
There are plenty reasons to use and purchase XRP. It offers sub 3 second transaction speeds, fees are a fraction of a penny, and even remaining cheap with exchange withdrawal fees on top. It effectively serves its purpose as a money transfer blockchain. There blockchain is constantly being updated and grown since its open source, and projects which will enable smart contracts native onto the blockchain are being developed and in open beta such as Evernode. Instead of asking why people are buying XRP, we should be asking why are people still choosing to build and develop on the XRP Ledger.
If you want to learn a little more about XRP try the XRP Podcast out, on spotify, apple music, or yt. https://www.youtube.com/watch?v=lo4wS5P_Q9U
If you want to learn a little more about XRP try the XRP Podcast out, on spotify, apple music, or yt. https://www.youtube.com/watch?v=lo4wS5P_Q9U
...It has been popular. So regardless of it being shitty and is facing cases, it remains within the choices of many innocent users.
Until the judicial investigation is completed, a large investor will refrain from buying this coin. Those who buy XRP now expect a quick profit or are confident that the judicial investigation will end in favor of the issuer of XRP tokens. In this case, it is necessary to take into account the fact that this trial can last for years.
It actually surprised me earlier when the SEC filed a suit against Ripple and XRP didn't fall from the top. They remained as one of the leading altcoins. I thought it would cause a huge dump but it didn't.
Recently, Ripple scored a little win over the SEC. This was perhaps one of the reasons why XRP's price made some recoveries. The overall outlook of the case suddenly became optimistic on Ripple's side.
xrp is still actively used by banks. With a little research, you can see which banks use it. It also offers a very convenient fee option between exchange platforms or between wallets. That's why people continue to use it. Also, considering that it offers very fast transfer opportunities between platforms, I think it will continue to be used. Despite the problems they experienced, the team did not leave the project and is trying to solve the problems.
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