Topic: Why XRP is going down??? - page 4. (Read 2362 times)
Basically what JanPaul said. All the Bankers at the conference said Ripple ledger is great but there is no demand for XRP, the banks can't use it because of regulation, if they use digital currencies it'll be their own token pegged to their national currency and if they ever start using.XRP it will be at least another 3 years out.
Also, maybe Ben Bernanke's soft-handed endorsement of Ripple is having a reverse effect that the team was hoping for?
I mean, Bernanke helped some of the biggest losers in the known universe (quite literally) keep their jobs. All the idiots he bailed out who are still sitting at their CEO positions have done nothing but continue to speed up the transfer of wealth from the poor to the rich. Bernanke's endorsement might be a bad thing, is what I am basically inferring.
I mean, Bernanke helped some of the biggest losers in the known universe (quite literally) keep their jobs. All the idiots he bailed out who are still sitting at their CEO positions have done nothing but continue to speed up the transfer of wealth from the poor to the rich. Bernanke's endorsement might be a bad thing, is what I am basically inferring.
XRP has been going down for a while now. I have read that XRP is not intended to be used by Big Banks as many believe. Only the technology will be used by Big Banks. XRP was created to fund the company "Ripple", they own about 60% of all XRP available. So whenever they need extra cash for development, hiring, bonuses etc. They will be selling some of their XRP and that can keep prices going down for a long time until they have sold most of their XRP and they are being traded with higher volumes. Most traders are not trading XRP becuase of the huge number of coins (99,994,608,423 XRP) that have been already created and no one can mine more coins except Ripple. This means for XRP price to be higher than $1 USD literally 89 Billion dollars need to be invested in XRP. If banks will not buy XRP, they I dont see this ammount of money going into XRP.
Ripple is a big company, and has a big community and investors, so it is not simple for ripple to crash easily without a serious problem. It is just about all market, all altcoins are crashing now.
All the altcoins are going lower because of current upwards trend on bitcoin. It will last little longer I suppose. Ripple has bad news surrounding them too. And its even overvalued. So just normal situation.
Swell doesn't seem to fail.
I don't believe it.
I don't believe it.
You need not worry. It isn't XRP but majority of cryptocurrencies falling currently. Reason is simple, a shift of investors towards Bitcoin prior to fork. But the fall is only significant if you measure in term of Bitcoin, else in terms of USD, they aren't much affected. So it depends on yourself how you ascertain your profits and investment value.
XRP is currently the only cryptocurrency seeking regulation & compliance with financial systems. This takes a long time, varies per country and sometimes per bank. This does however uniquely position XRP as a regulated cryptocurrency when clear laws are set for cryptocurrency regulation.User interaction with XRP is currently extremely low / non-existent. Other cryptocurrencies have plenty of wallets available for them, and tokens can easily be sent/received. XRP has few wallets and a huge barrier of entry with the 20 XRP reserve which heavily limits its network.This might cause XRP falling.
Swell doesn't seem to fail.
I don't believe it.
I don't believe it.
Not only XRP, as you can see all alts going down. They all have red color, all we need to do is to wait until the bitcoin is on a stable price, for now only bitcoin is rising, but don't worry guys,Our alt will rise again. Just wait and see.
You just wait for bitcoin to go down.
Every time XRP rises the staff puts their coins in to centralize the price that's why.
Its going down because bitcoin is going up.... same deal with most coins that are bought and sold using only BTC.
Not only Ripple (XRP) maximum alt coin go to falling down check this https://coinmarketcap.com also Monero (XMR) is big reduce.On the other hand Bitcoin is huge pumping.
Check out this article about Bitcoin (primarily) but also other currencies, and the manipulation that's going on: https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4
Here's a good article on the price:
https://coincodex.com/article/67/ripple-price-under-pressure-as-investors-left-unsatisfied-at-swell-conference/
https://coincodex.com/article/67/ripple-price-under-pressure-as-investors-left-unsatisfied-at-swell-conference/
XRP will never reach a high price because it has a too wide supply. It is the most inflationary of all cryptocoins... not by chance it is powered by banks.
Not only Ripple (XRP) maximum alt coin go to falling down check this https://coinmarketcap.com also Monero (XMR) is big reduce.On the other hand Bitcoin is huge pumping.
Swell doesn't seem to fail.
I don't believe it.
I don't believe it.
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