Topic: Why are people still buying XRP? - page 2. (Read 408 times)
Those buying XRP dont read the news and have information that a major whales was dumping all of his portfolio on them. Maybe they saw a price dump in the coin, a supposed short altseason that comes also in bear with a short time relief for traders. XRP could be going to the last lap of existence in the market or it could change hand if an influencer got interested, a case similar to the meme coin bought by Elon musk
Anyone here buying XRP or even holding it? Am really curious as to know why.
I only buy XRP for funds transfer, since it confirms faster and has a lower fee. I am still hesitant to hold it but at the current market, it was down about 60%+ from its normal price range, so buying it right now is a good idea for medium-term investment (until the market becomes bullish). Probably with the said idea in mind, people are accumulating it for the possible dump when the market becomes bullish.
XRP is at position 7 on CoinMarketCap.People still invest enough in this coin. Once its price was very high due to market dumping XRP market has been dumped Now its price is 0.3667.If the market increases, the price of XRP will definitely increase.Coins in the top positions of coinmarketcap are always the most invested by people. Because even if the market increases a little, all these coins increase a lot.
Dude, xrp is 7th in marketcap, it's far from cheap. In case you don't know how that valuation works it's supply*coin value. But sure, there are people buying shiba inu as well because they don't understand how the value is compared to other coins/topken.
It's marketcap, not the coin price. Price and value are different, don't confuse it. Coin price is the price that you will pay to get the coin, while coin value is depend on the project vision, purpose, etc and has nothing to do with price.
XRP price is $0.38 while the value is shitcoin since it's centralized and doesn't have any purpose.
As I said before if the price increase $1 it will make the holders become rich since they've multiply 4x of their beginning capital.
Yeah, you were talking about a "cheap coin" and price of a one full coin has nothing to do with being cheap or valuable by itself. Value can be only compared to other coins by marketcap, that's why low marketcap coins are "cheap" while top marketcap coins are expensive. (Minus stable coins that are pegged to fiat currency). This is pretty basic stuff.
...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.
To be honest, im only using XRP for transfer purposes because it is the cheapest transaction fee among the coins listed in my country's local wallet other than that it was nothing even for a purpose, But before Im holding XRP Wayback in 2018 but now I'm avoiding it because it has an issue with the SEC so anything can happen with XRP and its parent company ripple labs. thats why it's uncertain and I don't want to gamble with it.
Over the years, there are always issue with Ripple (XRP). For me, these recent pumps and dumps on XRP are caused by manipulation.
I don't trust Ripple, especially with the issue they had with some lawsuits.
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.
Maybe it does but with those issues with the SEC, I don't think this could have an end. I don't trust Ripple, especially with the issue they had with some lawsuits.
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.
Though I don't invest Ripple fortunately, I'd use this for my withdrawal transaction because of its low fees. This it bought into my mind that even a lot of people hated this project but can't deny somehow that it also had some role in the market which is traders are still using this despite the said issue.
This is not typical coin for invest honestly but somehow good in another area.
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"
Anyone here buying XRP or even holding it? Am really curious as to know why.
For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
Anyone here buying XRP or even holding it? Am really curious as to know why.
I don't own any XRP myself and i also don't plan to buy any XRP in the future i am not an IT or even crypto expert but even i know that XRP stands for everything that crypto wanted to change in the first place: centralization and that governments and federal banks have the control over the wealth of ordinary people. To the question why XRP is up 15% in the last week, i think the answer to that is pretty obvious. First of all the traditional stock market is also recovering at the moment because of the news that the whole interest topic is slowing down. When the traditional stock markets grow the crypto market as a whole grows also and therefore almost every crypto project.
XRP (Ripple) up 15.5% this week... why?
Speculators are taking advantage of Ripple's "significant victory" over SEC when the federal judge ruled last week that the agency should release documents that seems vital fpr the case. It's about the statement of their former director that ETH is not a security. I'm assuming Ripple would use that as part of their defense since it also started out as an ICO.The case is not over yet but it seems this major roadblock will be cleared by next year in Ripple's favor. Who knows what's going to happen if they really win. It' s most likely that people buying now and holding until the case settlement will cash out with good profits.
I think it's just going with the market trend. For sure, it's not all about people who believe in it, but for the opportunity, it gives, like the sending of assets is cheap, like what yazher said. I know many people who use it just withdraw funds and then convert them back to local currencies.
It's just an instrument to buy more and profit more.
It's just an instrument to buy more and profit more.
Dude, xrp is 7th in marketcap, it's far from cheap. In case you don't know how that valuation works it's supply*coin value. But sure, there are people buying shiba inu as well because they don't understand how the value is compared to other coins/topken.
It's marketcap, not the coin price. Price and value are different, don't confuse it. Coin price is the price that you will pay to get the coin, while coin value is depend on the project vision, purpose, etc and has nothing to do with price.
XRP price is $0.38 while the value is shitcoin since it's centralized and doesn't have any purpose.
As I said before if the price increase $1 it will make the holders become rich since they've multiply 4x of their beginning capital.
If it is puzzling how dog shitcoins are being bought as if they're offering useful products and have better features, then it is less puzzling how XRP remains attractive to many. If Shiba Inu for example sells to many users, then why should XRP doesn't? XRP has been in the top for years now. It has been popular. So regardless of it being shitty and is facing cases, it remains within the choices of many innocent users.
I don't own XRP but if there's a reason why it remains an option to some fans, it must be ignorance, hype, fake prospects, etc.
I don't own XRP but if there's a reason why it remains an option to some fans, it must be ignorance, hype, fake prospects, etc.
Since XRP is still a top altcoin in the market,people still believe it will make a short term gain if the bull run start.There are still many people who didn't get out on time in november 2021.Maybe when the price is rising again,people will start to dump their alts and wait till the market stabilized.
For me, I am only using XRP for some reason like choosing it before I send my funds to our local wallet because of the low transaction fees and also one of the fastest transactions you could ever have especially when you tried the other altcoins in their congestion moments where the transactions stuck for hours and sometimes days before sent success.
OK thats true. I have this same wallet, even though they do not let US citizens transact in XRP, even though it is an America-based coin..
Firstly, welcome back I did see you lately OP.
Thanks!
XRP has still an advantage that some of us use XRP not only on investment but the true utility of this coin, I mean it uses for payment system.
Here is my summary of the pros of this coin.
Here is my summary of the pros of this coin.
- Fast settlement of transaction, like 5-10 seconds, your transaction was done.
- A very low fee per transaction which is very cheap.
- Ripple network not only process XRP but it's also processed fiat transaction.
OK I suppose that all makes sense. Ethereum and all its tokens are still relatively expensive to transact, so XRP is suitable for moving around value. Suppose I get it now. I've converted to BCH for that reason, although it takes at least 2 hours for those transactions to settle, yikes.
Anyone here buying XRP or even holding it? Am really curious as to know why.
for now i only hold XRP coins from 2019 till now but not big amount just 1000 coins only. i don't have any reason to hold XRP until now it's just that i like to hold some coins that i think are good for the future.but before XRP got the bad news, i used to trade short term for daily profit and it wasn't very long. after the bad news about XRP surfaced and some market delists of the coin i decided to hold on to a small amount. although later the coin costs $0 i consider it unlucky. but if XRP to the moon i consider a bonus from holding the coin
I also buy XRP only for my daily trading or for short term investment. because after all the trading volume of XRP is very easy to analyze so for day traders like me it is still a good land to make profits in XRP trading.
but in fact I myself do not dare to hold XRP for the long term. So I became curious about the people who hold it for the long term. is there a specific reason that I don't know. so lately even XRP is showing a fairly stable and measurable increase. shows the level of buying continues to increase slowly and the holding back is also increasing slowly.
although I've actually read pretty good stuff about XRP too. but I'm not sure.
I will quote a little here from the source directly. and please read in full from the sources I listed
but in fact I myself do not dare to hold XRP for the long term. So I became curious about the people who hold it for the long term. is there a specific reason that I don't know. so lately even XRP is showing a fairly stable and measurable increase. shows the level of buying continues to increase slowly and the holding back is also increasing slowly.
although I've actually read pretty good stuff about XRP too. but I'm not sure.
I will quote a little here from the source directly. and please read in full from the sources I listed
Quote
An eight-year dumping spree has come to a long-overdue end.
Just days ago, on-chain data showed that Jed McCaleb’s wallet held around 2.77 million XRP tokens. However, his ‘tacostand’ wallet currently shows just 46.7 XRP worth circa $20 left.
The former founder of Ripple sent out his final transfer of 1.1 million XRP, worth $394,742.18, at 6:31 AM UTC on Sunday, according to blockchain explorer XRP Scan.
Sourch Link : https://zycrypto.com/jed-mccaleb-finally-offloads-9-billion-xrp-stash-xrp-on-cusp-of-monster-bull-run/ Just days ago, on-chain data showed that Jed McCaleb’s wallet held around 2.77 million XRP tokens. However, his ‘tacostand’ wallet currently shows just 46.7 XRP worth circa $20 left.
The former founder of Ripple sent out his final transfer of 1.1 million XRP, worth $394,742.18, at 6:31 AM UTC on Sunday, according to blockchain explorer XRP Scan.
Over the years, there are always issue with Ripple (XRP). For me, these recent pumps and dumps on XRP are caused by manipulation.
I don't trust Ripple, especially with the issue they had with some lawsuits.
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.
I don't trust Ripple, especially with the issue they had with some lawsuits.
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.
Firstly, welcome back I did see you lately OP.
XRP has still an advantage that some of us use XRP not only on investment but the true utility of this coin, I mean it uses for payment system.
Here is my summary of the pros of this coin.
Ripple and SEC have been fighting for years and it seems Ripple has always been in favor. If you believe that Ripple will win against the SEC and continue taking over as good in a payment system, then it's worth investing XRP with the amount that you can afford to lose or buying XRP for the purpose of the payment system since it has very low fees.
XRP has still an advantage that some of us use XRP not only on investment but the true utility of this coin, I mean it uses for payment system.
Here is my summary of the pros of this coin.
- Fast settlement of transaction, like 5-10 seconds, your transaction was done.
- A very low fee per transaction which is very cheap.
- Ripple network not only process XRP but it's also processed fiat transaction.
Ripple and SEC have been fighting for years and it seems Ripple has always been in favor. If you believe that Ripple will win against the SEC and continue taking over as good in a payment system, then it's worth investing XRP with the amount that you can afford to lose or buying XRP for the purpose of the payment system since it has very low fees.
Anyone here buying XRP or even holding it? Am really curious as to know why.
I really don't find a reason for its pump but likely there are huge buys that happen in them, probably whales.
xrp is in court and most people believe it will win its case and comes back stronger and better and maybe kick some coins ass and overtake them but personally I think the oudated issue you mentioned worries me a little My thoughts are how is it going to keep up with all the smart contact portion in other project interchains and so many other things
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