XRP - yes or no? - page 21. | Bitcointalksearch.org

traderethereum

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I think @OP is confused about whether to invest in XRP or choose other coins after he read our suggestions Grin

Maybe I can only give advice to buy XRP with the money you can afford because we don't know whether XRP will have a chance to increase again or if investors will abandon it.
If you were willing to spend $50 to invest in XRP, that would be fine too but to increase its price by 15x or more over the current price would be tough for XRP.
If you can accept the risks after buying XRP, you can buy it right away but if not, you better wait to see how it goes.

Silberman

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Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.

With a market cap of $21m already, how high can this really go if all goes well?

Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.

Are you for or against XRP?

A growth of 15x implies a new all time high for XRP and it would come close to almost doubling it, could it happen? Maybe but I would not count on it, XRP has been losing popularity for years now and I fail to see how this has changed, now if you are completely convinced about investing in this coin then that is your decision but do not invest a large amount in it, that way in the case you were right you will make some money, and if you are wrong then you can recover your money by just holding bitcoin for some time.

Baofeng

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I believe Ripple and the SEC will ultimately strike an agreement, which might result in some minor profits. But, as always, do your own homework and remain up to date on the legal status of XRP and any other cryptocurrency you're considering investing in.

I'm not sure what middle ground or agreement will they have, it's either a win or a big L for them, not concessions whatever from SEC. It used to be a good project, and I will say that I have been a holder and earn a lot during those times wherein they still don't have this lawsuit filed on them.

But know it's different, all time high is 2018, which means it didn't have any push in 2020-2021 massive bull run.

Which shows that investors are staying away until we know what is the score with SEC.

wheelz1200

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With the way it was originally distributed how can you be for it? Isn't this one of the most centralized coins out there. Only enriching the select few. I don't know the entire story I haven't followed xrp for awhile now but don't think anything has changed.

cryptomaniac_xxx

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Quote from: hugeblack on February 03, 2023, 10:51:18 AM

You can count on them as an agent that will give you a one-time gain in the short term, which is investing in them, if you know that their legal status in Ripple v. The SEC^[1] is good, though I don't expect any legal gains to happen.

Therefore, the DCA strategy will not be sufficient, but follow-up on the details of the case, and if you feel the possibility of them winning, then invest one and sell after achieving reasonable profits (10% to 20%)

Otherwise, long-term investment will not achieve much gain because the goal of this currency is not crazy gains due to the unlimited supply it has.

Overall, I expect Ripple and the SEC to reach a settlement to avoid further appeals, and thus hikes of 5% to 10%.

[1] Ripple v. SEC court case update as of January 30, 2023

Yes, this is the only hindrance maybe for the majority who want to invest on XRP or have been holding XRP for a while now. Of course, if they technically won and the court declared it in their favor, for sure they will jump on price. This is the mindset of one investors I know who have been holding XRP since 2018. But not sure if he still has it or just sold every thing last bull run.

It will take a lot of patience, and then you don't know what will happen to the said court case against SEC.

So for me, I will say No, until everything settled down.

goaldigger

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That’s still a big issue against them, if there’s still no verdict you can’t expect XRP to pump even if the whole market is already on their peak. They have to settle this if they want to retain their investors, there’s still a chance but with their SEC issues, they can’t move that much. Just set a percentage to hold with XRP is you really want to take the risk and you’re expecting for a good pump if there’s already a result with their SEC pending case, just don’t do DCA with XRP for long term, its too risky.

Ozero

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Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.

With a market cap of $21m already, how high can this really go if all goes well?

Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.

Are you for or against XRP?

Now it is possible to invest in ripple, because after the current general price drop, this is one of the top coins that will continue to grow in price. Especially if, as expected, Ripple Labs wins the lawsuit filed against it by the SEC. However, then you need to track this project again and make decisions, since very often the price of this coin practically does not grow for a long time. Too much centralization of this coin often scares off investors.

crzy

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I’m not against XRP, i just don’t feel getting involve on this
XRP will never win the case against SEC, all they can do is to settle this issue which I think can still influence the price of XRP. x15 might only be possible if they already settled this issue and if Bitcoin is already on its peak. DCA is a good strategy but of course be mindful with the risk and be ready for that.

serjent05

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It is a yes for me, I used to hate XRP but then their still here while the project I like and trusted had all gone bankrupt or dead, and others even scam their supporters. I don't care much about SEC, I believe they are just making an issue to milk some money from XRP. At the end of the day, it is my money I am spending so whether I gain or lose, only I can bear Grin

At the current state of XRP market, I would say it is a good investment for a possible one time bigtime if XRP proved itself against the SEC accusation. A small amount of money to DCA is a good approach, IMO.

BIT-BENDER

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XRP ripple is one Altcoin with rich history, although I haven’t bought this coin but it’s amongst the few Altcoin that has actually use case and not just an investment opportunity.

XRP ripple has also had a fair share of the spot light as it has once came second on the Crypto-currency top coin list ahead of Ethereum. I don’t know if it has had good market record creating millionaires but it’s a coin that has been consistent in the coin market cap top list so I would say I am neither for it or against it.

SUPERSAIAN

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I think even the most loyal XRP investors no longer support this coin. The biggest reason was the endless litigation adventure. Of course, you can allocate a very small portion of your total basket, if everything goes well, the lottery will be hit, but this is very risky. I think it would be more accurate to allocate a small percentage as it is very risky.

dothebeats

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I only use XRP to transfer funds due to its cheap transaction fees and its fast confirmation times. I haven't really thought about buying XRP for investment purposes, as it's a centralized coin controlled by a company and every aspect of its development is highly influenced by those within the company. Ripple Labs doesn't really listen to a lot of suggestions from its community, and that's scary because the community is the one responsible for posting value to the said coin.

bittraffic

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I used to have XRP, they are one of the oldest by far but even in the last bull run, it didn't touch the old ATH. And the SEC is constantly tailing them so it's not worth the anxiety to see your investment just going sideways for a long time and instead of seeing gain after years you are losing. I do hope they win against SEC though. But in the long run, it's not worth it. You can however use the XRP in exiting from an exchange and cash out which is a quick process.

o48o

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Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.

I haven't sen XRP producing anything particularly interesting or new to this space. I used to use it to transfer money between exchanges before there were cheaper methods.

Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

With a market cap of $21m already, how high can this really go if all goes well?

It's billions, not millions, so it's not going far.

Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.

You do you, good luck with that. I don't see the possibility of 15x being even worth my time.

Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Are you for or against XRP?

Do i have to have a stand? I think it's worthless and uninteresting but i don't have to be against it to say so and i know people who got rich with it so it worked for someone in that area.

masulum

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hmph..

Quote from: ryzaadit on February 03, 2023, 11:55:53 AM

They cannot make a new all time high, meanwhile other crypto can reached to next level. This is just came from basic speculation.

I think this happened because of the case that hit XRP vs SEC. This has already been mentioned by @hugeblack. IMO, traders and whales may not want to take the risk if one day the SEC wins the case. Thats why XRP trading activity was not that strong when BTC reached a new ATH. I also agree, for now and in the future bullish period, it is likely that this weak XRP bullish event will still occur, if the case is still not resolved. Also, XRP need another "McAffee" to pump their coins. I remember, XVG and XRP getting pumped 2017 because of him Grin

ryzaadit

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My advice is don't take it for the bag.

I think based on the price history movement from 2 Bullish Moments. In 2017 and 2021, they reached all-time high 3$ (2017) with Bitcoin ATH 20,000$ meanwhile on 2021 they only reached 1,8$ with Bitcoin ATH 60,000$.

They cannot make a new all time high, meanwhile other crypto can reached to next level. This is just came from basic speculation.

tabas

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Quote from: JamesDaniel90 on February 03, 2023, 03:01:47 AM

Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.

With a market cap of $21m already, how high can this really go if all goes well?

Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.

Are you for or against XRP?

It has already been on its ATH before but another bull run has came but didn't go back there. Yeah, the case might be one reason why it didn't go up again.
But for some reasons, many investors are avoiding it until the case is clear but for me even if they will be cleared and win the case still, there won't be that much difference from the current side that it has got right now. It's known for being centralized but many likes its cheap and fast transfer so we'll see.

DeathAngel

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I think it’s a good idea to risk a small % of your available capital yes. The case against the SEC caused a lot of FUD so most people have steered away from XRP. The fundamentals are the same though, it is a good investment with good utility. It has the potential to bring massive profits. For this reason I would be happy to buy now & wait, in the hope that XRP wins the court case & goes on a big run.

hugeblack

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You can count on them as an agent that will give you a one-time gain in the short term, which is investing in them, if you know that their legal status in Ripple v. The SEC^[1] is good, though I don't expect any legal gains to happen.

Therefore, the DCA strategy will not be sufficient, but follow-up on the details of the case, and if you feel the possibility of them winning, then invest one and sell after achieving reasonable profits (10% to 20%)

Otherwise, long-term investment will not achieve much gain because the goal of this currency is not crazy gains due to the unlimited supply it has.

Overall, I expect Ripple and the SEC to reach a settlement to avoid further appeals, and thus hikes of 5% to 10%.

[1] Ripple v. SEC court case update as of January 30, 2023

JamesDaniel90

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Up until now I have not really thought about getting involved with XRP however have been doing more research and if they win the case feel it could really do well.

With a market cap of $21m already, how high can this really go if all goes well?

Think I may start to DCA into it and if it does win the case then who knows how high it can go, wouldn’t be surprised if it still did a 15x or more from current price.

Are you for or against XRP?

Topic: XRP - yes or no? - page 21. (Read 3993 times)