Will $XRP be safe for long term? - page 6.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Lasky366 on August 04, 2020, 03:29:36 PM

According to the Quarter Report Ripple company increased sales of XRP token to institutional investors from $1.75 mln to $32.55 mln.

Last month XRP looks alive as price increased by 60%. And firstly reached the mark of $0.30 since since February. However we have the Sentiment company data showing the decreasing of the average daily trading volume, more than $100 mln.

if the data is real then XRP really has a huge potential for over $ 1, if I may know, where did you get this data?
please share, this is very interesting information for me, because maybe in the future XRP will really be a hot again

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: CaVO32 on August 06, 2020, 07:57:27 PM

Quote from: bbc.reporter on August 05, 2020, 11:21:39 PM

Quote from: ?? on ??

XRP is great for the long term, but if you think about the supply of coins I still have a little doubt. But as long as it is in the top 10 of coin marketcap, I think it will still be profitable.

I disagree. XRP is not a longterm token for holding. Ripple can be ordered to be shutdown by the government. The company behind the platform controls 99% of the validators and anyone cannot be a validator without being included in their trust list.

Long term holding for XRP is quite a risk just like any other cryptocurrency out there. Since this coin is owned by private company, their fate will be dependent on the company behind it. To have a better perspective between bitcoin and ripple, you can take a quick read in the below article and gauge for yourself, which one will be of advantage in your part for long term holding.

https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/

Ripple is a very promising platform because of those companies collaborating with them, but one wrong move from one of its owners will make this network fall apart. Consider that if one day, one of its stakeholders wanted to cash out his large holdings or someone from their group exited without advising the group, what would be the future of their company? It is for you to decide how you are going to take that kind of scenario, and the possibility is always there.

Agreed if you are talking only about price. However, real decentralized cryptocoins do not hold a similar type of risk that a centralized cryptocoin holds. Ripple can be shutdown by the American government, real decentralized cryptocoins cannot be shutdown.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: bbc.reporter on August 05, 2020, 11:21:39 PM

Quote from: ?? on ??

XRP is great for the long term, but if you think about the supply of coins I still have a little doubt. But as long as it is in the top 10 of coin marketcap, I think it will still be profitable.

I disagree. XRP is not a longterm token for holding. Ripple can be ordered to be shutdown by the government. The company behind the platform controls 99% of the validators and anyone cannot be a validator without being included in their trust list.

Long term holding for XRP is quite a risk just like any other cryptocurrency out there. Since this coin is owned by private company, their fate will be dependent on the company behind it. To have a better perspective between bitcoin and ripple, you can take a quick read in the below article and gauge for yourself, which one will be of advantage in your part for long term holding.

https://www.investopedia.com/tech/whats-difference-between-bitcoin-and-ripple/

Ripple is a very promising platform because of those companies collaborating with them, but one wrong move from one of its owners will make this network fall apart. Consider that if one day, one of its stakeholders wanted to cash out his large holdings or someone from their group exited without advising the group, what would be the future of their company? It is for you to decide how you are going to take that kind of scenario, and the possibility is always there.

Eddyc

sr. member

Activity: 1020

Merit: 391

There are large institutions behind XRP and that, despite the fact that the market values themselves move downwards, the primodial value has a tendency to recover. We know that my statements are speculations but with this information we know that XRP prices tend to increase, correcting their market value with demand.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: ?? on ??

XRP is great for the long term, but if you think about the supply of coins I still have a little doubt. But as long as it is in the top 10 of coin marketcap, I think it will still be profitable.

I disagree. XRP is not a longterm token for holding. Ripple can be ordered to be shutdown by the government. The company behind the platform controls 99% of the validators and anyone cannot be a validator without being included in their trust list.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

If you want to feel safe, you don't need to invest in crypto because when you invest in crypto, you should understand that there will be a risk that you need to accept. But I think XRP is for a short term investment, and if XRP can increase in the long term, I think that will be happening in a short time, and the price can get down after touch the high price.

Wawa2013

sr. member

Activity: 1666

Merit: 267

With the support of many banks in the world and the increasing sale of Ripple tokens to institutional investors, it is certainly good news.
Seeing this, it can be concluded that XRP for long-term hold is very safe. If you see that the price of XRP in the market is also increasing,
because XRP trading volume is also increasing, there is no need to be afraid or hesitant to invest in XRP.

Pasutinmeur

full member

Activity: 302

Merit: 100

Quote from: ?? on ??

XRP is great for the long term, but if you think about the supply of coins I still have a little doubt. But as long as it is in the top 10 of coin marketcap, I think it will still be profitable.

The coin supply doesn't matter a lot as long as the supporters and buyers or ripple can even sell their house to buy ripple. This coin is still promising in long term but I didn't believe if this coin can go to the moon as soon as possible.

livingfree

hero member

Activity: 2884

Merit: 579

Quote from: Indymoney on August 05, 2020, 03:00:42 PM

Quote from: livingfree on August 05, 2020, 09:49:21 AM

Even before this news that I'm about to share, I don't think that XRP is a good option to hold for long term.

Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2

What do you think of it? I think it's not a good sign.

These are not good signs for this project as facing some serious troubles if they are not able to handle this all then surely this project is going to be another dead and thousands of investors will lost some good amount I feel before investment we have to wait for lawsuit and then give any comment about this project is good.

It's a top coin yet there are things like this that do happen.

This depends to the investors discretion if they find it bad or no effect as they invest to this coin. For transfers, people who are aware how quick it is will say no comment or praise it for being like it.

Otherwise, being an investment, they can also keep quiet or say anything they want.

optimisticcm

member

Activity: 210

Merit: 10

Sovryn - Brings DeFi to Bitcoin

Xrp and ripple are absolutely safe for longterm and they are the top choice for longterm holding because if you analyse last bull run you will see that xrp produced way higher returns than the top 2 coins like btc and eth so potential for xrp is legitly big.

yohananaomi

sr. member

Activity: 2394

Merit: 267

Vave.com - Crypto Casino

Quote from: Indymoney on August 05, 2020, 03:00:42 PM

Quote from: livingfree on August 05, 2020, 09:49:21 AM

Even before this news that I'm about to share, I don't think that XRP is a good option to hold for long term.

Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2

What do you think of it? I think it's not a good sign.

These are not good signs for this project as facing some serious troubles if they are not able to handle this all then surely this project is going to be another dead and thousands of investors will lost some good amount I feel before investment we have to wait for lawsuit and then give any comment about this project is good.

It is difficult to determine that a token is not good for long term investment and good only for short term. Likewise with the analysis that you build that xrp is not good for long-term investment, even though we know that in crypto everything can happen and no doubt there can be significant changes. if xrp and the team want to try to improve the performance that has been built so far so as not to repeat things that make xrp continue to fall because of the wrong actions of xrp itself.

obviously xrp is a good token and can be proud to be used as an investment, although in the way xrp is difficult to move towards improvement due to mistakes made by xrp itself, if xrp's performance can be changed then it is not impossible that there will be an increase along with the increase of bitcoin.

electronicash

legendary

Activity: 3178

Merit: 1054

we know its centralize coin but seem like the price had gone up from 0.20$ to $0.30, it may still be a good investment at least if you are a long term holder. just put it this way, if you bought XRP when its price was 20 cents and keep it up to this day, you already profited 10 cents each which you can already dump for profit and just imagine if you bought 500K of it. thats a huge profit. but no. i take that back, this coin is a scam Grin

Indymoney

full member

Activity: 896

Merit: 236

Quote from: livingfree on August 05, 2020, 09:49:21 AM

Even before this news that I'm about to share, I don't think that XRP is a good option to hold for long term.

Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2

What do you think of it? I think it's not a good sign.

These are not good signs for this project as facing some serious troubles if they are not able to handle this all then surely this project is going to be another dead and thousands of investors will lost some good amount I feel before investment we have to wait for lawsuit and then give any comment about this project is good.

ryzaadit

legendary

Activity: 2450

Merit: 1225

Generate Coin By Them Self 2.0

They can create/mining their own coin, so basically al the circulation on the market was controlled by them as the one who holding the biggest coin on their supply. Now, when someone/company have a full power to control all the supply and network. Did it was really safe for everyone? I guest not, the company could be selling and make the pressure for the price. That's what's make is not really to good at all for save the coins.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

Quote from: articlecity on August 04, 2020, 03:41:48 PM

Ripple is great project and its coin xrp has already proven its worth. Do you remember that even last time it was called scam and centralized coins still it skyrocketted to more than $3 per xrp this time expectations are even bigger.

How do you think this time XRP will be able to surpass 3$ ? Bitcoin has risen to 12k $ but XRP has only risen more than 10% in the past, and it's too bad for a leading altcoin in this market.

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: livingfree on August 05, 2020, 09:49:21 AM

Even before this news that I'm about to share, I don't think that XRP is a good option to hold for long term.

Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2

What do you think of it? I think it's not a good sign.

They are doing this in every quarter of every year! It's not a good sign and I don't think that XRP will be able to recover
to higher prices! I hold some XRP, but as I said a couple of times before, it's my only investment I regret about. In some
moments I was thinking to sell and forget about it, but I still hold it. I don't hope for anything, I will be lucky if I recover
my initial investment!

livingfree

hero member

Activity: 2884

Merit: 579

Even before this news that I'm about to share, I don't think that XRP is a good option to hold for long term.

Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2

What do you think of it? I think it's not a good sign.

Eternad

hero member

Activity: 1260

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: aprilnot on August 05, 2020, 09:25:01 AM

no, XRP is not a coin for the long term. It might look profitable, but there are a lot of risks if you want to hold it for the long term. I've had a few more losses while holding this coin because the situation changed suddenly even without news. this keeps on repeating, you will regret if you hold xrp for too long. it's better to sell if it's already profitable.

Maybe you buy it during the price peak or near it but considering the current price which is over sold if we view it in long time frame like daily and weekly. There is a chance for more profit if you hold it for long time. The only thing you should consider is setting the stop loss or take profit order to manage your profit/loss. XRP whales are increasing which is a good sign that investors are already on boarding. Hype will follow soon.

aprilnot

full member

Activity: 1204

Merit: 102

no, XRP is not a coin for the long term. It might look profitable, but there are a lot of risks if you want to hold it for the long term. I've had a few more losses while holding this coin because the situation changed suddenly even without news. this keeps on repeating, you will regret if you hold xrp for too long. it's better to sell if it's already profitable.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Since the owner won't give up, we can make trust in it.
XRP has been existed for quite long and it already builds trust for the investors. Until crypto still alive and usable to the market, we can be safe by then. But don't get surprised that XRP will never do the rally and we don't expect that because it was controlled by someone.

Quote from: judaspriest on August 04, 2020, 06:49:50 PM

in my opinion XLM is very safe, this project has clearly proven that their team is very strong, fundamentals are very good and a solid community, just hold! 5 years ahead XLM will be amazing

not XLM (Lumen), it is XRP (Ripple), maybe you are wrong.
Anyway, 5 years to keep waiting, it is not the hardest thing to do if you know how worthy it is. XRP has that potential even though many people didn't see it.

Topic: Will $XRP be safe for long term? - page 6. (Read 1025 times)