The Ripple Thread

leavingirl · 29-12-2020 04:43PM

Lex Luthor wrote: »

I couldnt believe XRP was available again in the 25c range. Xmas came early for a lot of the hodlers..

How's that working out for you? XRP dropping like a stone.

endainoz · 29-12-2020 06:01PM

leavingirl wrote: »

How's that working out for you? XRP dropping like a stone.

Well educated and thought out post there.

mickdw · 29-12-2020 06:42PM

The way i see it, xrp is a complete gamble at this point.
I sold all out at 50c a few weeks back.
If it goes under 10c, its worth a mad gamble imo. Id certainly buy back in to where i was.

leavingirl · 29-12-2020 07:24PM

endainoz wrote: »

Well educated and thought out post there.

I wasn't asking you.

olestoepoke · 29-12-2020 07:49PM

leavingirl wrote: »

I wasn't asking you.

However you meant it your post did come across as if you were gloating in a childish condescending way.

endainoz · 29-12-2020 07:53PM

olestoepoke wrote: »

However you meant it your post did come across as if you were gloating in a childish condescending way.

I'm not sure are they worth replying to at all to be honest. No interest in engaging with someone that brings nothing to the conversation and just goes out of their way to provoke other posters. Best ignored.

Irish_rat · 30-12-2020 12:46AM

Whelo79 wrote: »

Vitalik is not too happy with Ripples defence.

https://twitter.com/VitalikButerin/status/1341219519545556992?s=19

Unprofessional of vitalik to call it a sh*t coin.

The statement about being Chinese controlled is correct especially for bitcoin. Look at all the mining pools.

Irish_rat · 30-12-2020 12:50AM

olestoepoke wrote: »

I'm new to this so please excuse my ignorance. I'm thinking of investing about 1,000e to start with. Long-term investment, as in leave it alone for at least 4 or 5 years see what happens. I've been reading up and it seems the boat has sailed on Bitcoin so what's the general advice? I was thinking diversity, as in a few Litecoin and ripple. Are there any others that you guys/gals recommend. Thanks in advance.

Stay away from both, buy btc and eth. Dollar cost average in, buy a small bit every week. Earn free crypto using nodes and brave browser. Use the Coinbase earn app to grab free crypto.

Slowly and steady wins the race

makeorbrake · 30-12-2020 05:31AM

Irish_rat wrote: »

Stay away from both, buy btc and eth. Dollar cost average in, buy a small bit every week. Earn free crypto using nodes and brave browser. Use the Coinbase earn app to grab free crypto.

Slowly and steady wins the race

That's good advice. Newcomers are inclined to buy far less proven coins but it's the opposite they should do until they've learned some basics about various projects. We seem to have lost our Dollar Cost Average champion - that's a vacancy to be filled.

Bob24 · 30-12-2020 09:45AM

Irish_rat wrote: »

Unprofessional of vitalik to call it a sh*t coin.

The statement about being Chinese controlled is correct especially for bitcoin. Look at all the mining pools.

The Chinese thing is just a political stunt from Ripple to try and ride the anti-China sentiment in the US as part of their defence (yes a lot of the mining power is in China, but this could change and in any case it doesn’t mean the Chinese government controls the network). Facebook tried to pull the same trick in the Libra hearings and it didn’t really work.

The funny thing is that while here they are portraying XRP as a way for the US to retain control over financial flows, if they were talking in other circumstances/countries they would portray it as a way to escape US control and sanctions (by bypassing Swift). If their defence argument here is that they are planing to be a geopolitical tool of the US in international conflicts, they are also rendering themselves unsuitable for many nations.

Mind you, I don't disagree with the fact that it is a good adea to keep on eye one who's controlling the code and hash power of decentralised crypto. But saying that XRP is the solution is rather disingenuous and I doubt it will help Ripple.

Lex Luthor · 30-12-2020 10:28AM

leavingirl wrote: »

How's that working out for you? XRP dropping like a stone.

and I'm sure there will be more buying in now in the 20c range

its called DCA'ing

for long term hodlers that price of 25c was a gift they never thought they would see again

and I'm sure if it drops to 15c and 10c they will still buy in

Bob24 · 31-12-2020 02:52PM

Just came across this link with a consolidated list of the entities which have taken or annouced actions with regards to the XRP lawsuit to date (being liquidating position or halting trading). Thought it might be of interest on this thread ...

https://finance.yahoo.com/news/ripple-xrp-sees-more-delistings-061128103.html?.tsrc=applewf

deathbomber · 31-12-2020 03:42PM

Bob24 wrote: »

Just came across this link with a consolidated list of the entities which have taken or annouced actions with regards to the XRP lawsuit to date (being liquidating position or halting trading). Thought it might be of interest on this thread ...

https://finance.yahoo.com/news/ripple-xrp-sees-more-delistings-061128103.html?.tsrc=applewf

wow, is this US only? if worldwide, it could be catastrophic, although in hindsight the actual token was or is barely used

Bob24 · 31-12-2020 03:49PM

deathbomber wrote: »

wow, is this US only? if worldwide, it could be catastrophic, although in hindsight the actual token was or is barely used

For most of them it is US only (some might be worldwide).

But still, even though someone in Ireland isn’t that much impacted in terms of their ability to trade, the list is getting long enough to start being worrying (and the impact on liquidity is not fully effective yet as most of them will start enforcing the restrictions throughout January - unless of course they situation with XRP changes).

deathbomber · 31-12-2020 04:30PM

Bob24 wrote: »

For most of them it is US only (some might be worldwide).

But still, even though someone in Ireland isn’t that much impacted in terms of their ability to trade, the list is getting long enough to start being worrying (and the impact on liquidity is not fully effective yet as most of them will start enforcing the restrictions throughout January - unless of course they situation with XRP changes).

agreed, although Ripple said they could easily settle this lawsuit with a payment but were confident in taking on the lawsuit so it may well change, could be a while though. I have no interest in XRP, i did invest near the start and done very well from it but have since avoided:pac:

brooksrunner · 05-01-2021 02:00AM

Where are people trading XRP now after the 19th? Coinbase halting trading and revoluts email doesn't give much confidence

Daithi40 · 05-01-2021 02:05AM

brooksrunner wrote: »

Where are people trading XRP now after the 19th? Coinbase halting trading and revoluts email doesn't give much confidence

kraken...in fact I bought €15 worth more today

olestoepoke · 05-01-2021 11:19AM

I've 1,000 xrp, what should I do lads, its sitting a a bit of a loss but not too bad. Sell or hang on?

grindle · 05-01-2021 11:30AM

Hang on. This case is just Ripple stupidly wishing to be found a non-security and missing out on a bit of a bullrun. They'll pay a fine, trading will resume, nothing will have changed.

Daithi40 · 05-01-2021 11:42AM

grindle wrote: »

Hang on. This case is just Ripple stupidly wishing to be found a non-security and missing out on a bit of a bullrun. They'll pay a fine, trading will resume, nothing will have changed.

I agree - I've a bag of XRP and I'll be hanging on

Bob24 · 05-01-2021 03:57PM

Not so great news coming from Grayscale: https://cointelegraph.com/news/grayscale-dumps-xrp-here-s-where-it-s-putting-the-cash

If Grayscale doesn’t want to touch XRP, it means a lot of the institutional money which could have poured into is is gone.

stockshares · 05-01-2021 08:48PM

More bad news
https://www.theblockcrypto.com/amp/post/90135/ripple-series-c-lead-investor-tetragon-sues-the-company?__twitter_impression=true

Ripple's Series C lead investor Tetragon sues the company after SEC's lawsuit

Bandara · 05-01-2021 09:46PM

Bought 5k yesterday. Just going to sit on it and if it wins it wins.

Agree that Eth & BTC are the only ones at the races imo. And even Eth has a history of being flakey.

Bruno Mannheim · 06-01-2021 07:30PM

olestoepoke wrote: »

I've 1,000 xrp, what should I do lads, its sitting a a bit of a loss but not too bad. Sell or hang on?

if they were mine I would hold them

XRP does not fulfill the 4 criteria it needs to be classed as a security

Bruno Mannheim · 06-01-2021 08:46PM

Bob24 wrote: »

Not so great news coming from Grayscale: https://cointelegraph.com/news/grayscale-dumps-xrp-here-s-where-it-s-putting-the-cash

If Grayscale doesn’t want to touch XRP, it means a lot of the institutional money which could have poured into is is gone.

Grayscale are answerable to their investors and are just minimising risk in the eventuality it might be defined as a security
if they didnt sell now and it was, they would be in trouble

Bob24 · 06-01-2021 09:05PM

Bruno Mannheim wrote: »

Grayscale are answerable to their investors and are just minimising risk in the eventuality it might be defined as a security
if they didnt sell now and it was, they would be in trouble

Yes and all institutional money has to exercise the same level of caution.

That was actually my point, until there is clarity on this, the XRP price won’t benefit from that flow of institutional money.

Cryptonovice · 07-01-2021 02:35AM

olestoepoke wrote: »

I've 1,000 xrp, what should I do lads, its sitting a a bit of a loss but not too bad. Sell or hang on?

Swap them for Chilliz (CHZ). Potentially a very profitable coin..has to do with sports...look into it..all top football clubs have partnered with it..PSG, Barcelona, Juventus etc...with more to come..that's what I did anyways..can be bought directly from binance exchange.best of luck.

sparrowcar · 07-01-2021 09:14AM

Huge jump overnight

masterboy123 · 07-01-2021 01:08PM

I have suffered loss after exchanging XRP to LiteCoin last night!:(

sparrowcar wrote: »

Huge jump overnight

Bruno Mannheim · 07-01-2021 06:35PM

sparrowcar wrote: »

Huge jump overnight

I had a feeling it would, XRP is not dead by any means

The Ripple Thread

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