The Ripple Thread

stockshares · 10-01-2021 05:59PM

Ripple tried to settle with Sec before lawsuit
https://www.coindesk.com/ripple-tried-to-settle-with-sec-ahead-of-xrp-suit-ceo-says

endainoz · 30-01-2021 05:31PM

Nice surge on xrp today, with all this mainstream news coverage of stocks etc, it would surely mean there will be a large interest in crypto investment now?

Blowheads · 30-01-2021 06:16PM

endainoz wrote: »

Nice surge on xrp today, with all this mainstream news coverage of stocks etc, it would surely mean there will be a large interest in crypto investment now?

Ya, but what drove it 40% since yesterday
Be great if the Reddit lads decided to take a punt on it to FU the SEC

Bruno Mannheim · 30-01-2021 07:06PM

said it already here, it doesnt fulfill the criteria to be deemed a security on all counts

if you sold your XRP at support recently you are probably regretting it now

Blowheads · 30-01-2021 07:11PM

Bruno Mannheim wrote: »

said it already here, it doesnt fulfill the criteria to be deemed a security on all counts

if you sold your XRP at support recently you are probably regretting it now

I bought into it at 0.33 good while ago and might sell it if it hits €10 ðŸ˜

leavingirl · 31-01-2021 01:28AM

Big pump coming for XRP Feb 1. Get in now.

Rob2D · 31-01-2021 04:56AM

There's a big pump and dump going to happen on Feb 1st at 1:30pm our time. It's meant to be a pump and hold but I doubt it.

Many people have already been getting in over the last couple days. I'd say it's already too late. As soon as the price goes up at all, whales are gonna dump on any newcomers.

Try it if you want but I'd be very careful.

rapul · 31-01-2021 09:38AM

leavingirl wrote: »

Big pump coming for XRP Feb 1. Get in now.

Careful anyone hoppin on now, people shouldn't be advertising pump and dumps here anyway

Signore Fancy Pants · 31-01-2021 10:16AM

I have almost 600 odd XRP for the last few months, just incase it takes off in the future. This pump and dump is just a bunch of headbangers. If it hits $1 I might sell off and reinvest in the dip.

endainoz · 31-01-2021 10:51AM

I guess it's unlikely it'll go down before the pump tomorrow, will buy a few after the dump. Just out of interest, how do people know when this is going to happen?

Signore Fancy Pants · 31-01-2021 11:24AM

Lads, XRP is up to over $0.50c a share at this stage.

chases0102 · 31-01-2021 01:17PM

Would it be wise to buy in now, sell tomorrow and buy in again after dump?

endainoz · 31-01-2021 01:27PM

chases0102 wrote: »

Would it be wise to buy in now, sell tomorrow and buy in again after dump?

I'm going to wait myself, the price is a little high at the moment. Ideally I'd buy a bit of it around 25 cent or so.

I know nothing about this craic though, so I could be totally wrong!

Rob2D · 31-01-2021 02:58PM

endainoz wrote: »

Just out of interest, how do people know when this is going to happen?

I'm in a private patreon group and heard about it Friday night. Just keep your ear to the ground.

The whole thing is so ridiculous. It's supposed to be a big middle finger to the SEC and the lawsuit who are arguing that it's a security. But with this whole thing, people are just playing into their hands by treating XRP like a security. I think this only hurts the crypto space, will back fire in a big way and dump XRP to new lows.

It will be a pump but the dump doesn't come from those buyers it comes from the millionaires who are currently holding massive numbers of XRP who will sell when these simple brains boost the price to anything above 1 dollar.

This is nothing like GameStop and certainly isn't sticking it to the man in any way.

ToxicPaddy · 31-01-2021 03:01PM

A lot of the telegram message groups going crazy over this. No clue how this will actually work with the amount of Ripple actually hold, they can dump at any time and XRP will be back on its ass immediately.

Have 1200 xrp I've been sitting on for ages, bought below 22c a long time ago and just sat on them. At this stage I'll see what happens tomorrow and then decide.

Suppose whatever happens I'll make a few quid but hardly a life changing amount

Ideally I'd like to get my hands on around 25k of these and watch the markets for any decent raise then play around with then, even a 1c raise is a $250 profit return.

jonny_b · 31-01-2021 03:06PM

ToxicPaddy wrote: »

A lot of the telegram message groups going crazy over this. No clue how this will actually work with the amount of Ripple actually hold, they can dump at any time and XRP will be back on its ass immediately.

Have 1200 xrp I've been sitting on for ages, bought below 22c a long time ago and just sat on them. At this stage I'll see what happens tomorrow and then decide.

Suppose whatever happens I'll make a few quid but hardly a life changing amount

Ideally I'd like to get my hands on around 25k of these and watch the markets for any decent raise then play around with then, even a 1c raise is a $250 profit return.

In the same boat, bought in at 7c as long term investment. See what happens. Would sell if it hits €2

olestoepoke · 31-01-2021 03:07PM

Ive approx 1,000 XRP bought at around 20c. At what price do you guys reckon the dump will happen and how fast?

ToxicPaddy · 31-01-2021 03:20PM

olestoepoke wrote: »

Ive approx 1,000 XRP bought at around 20c. At what price do you guys reckon the dump will happen and how fast?

As said earlier, the larger holders will determine that, could be at 80c, could be a $2.. No clue really.

There are rumours abound that Ripple and the SEC have already come to some agreement and Monday will actually be an announcement of some kind, hence the pumping of XRP. But honestly no clue what's going to happen.

Kent Brockman · 31-01-2021 03:24PM

The telegram group had 28k members yesterday morning. It now has 150k and rising. They have set up a channel now because the max members in a group is 200k.
There's a big following and a lot of momentum also building on Reddit, youtube & twitter (#Buyandholdxrp)
The time of the proposed (impending!) pump is 8:30am EST Monday Feb1st tomorrow lunchtime here. They have maps up of the different timezones etc & have been telling everyone how and where to buy.

It certainly started out with longterm xrp holders trying to correct the price after the drop caused by the Sec interference but now it has every dog on the street on board!

It's going to be interesting, especially if the WallStreetBets crew from reddit get involved.

ToxicPaddy · 31-01-2021 03:39PM

Interesting, pm me that telegram group name please ?

makeorbrake · 31-01-2021 03:43PM

Rob2D wrote: »

I'm in a private patreon group and heard about it Friday night. Just keep your ear to the ground.

The whole thing is so ridiculous. It's supposed to be a big middle finger to the SEC and the lawsuit who are arguing that it's a security. But with this whole thing, people are just playing into their hands by treating XRP like a security. I think this only hurts the crypto space, will back fire in a big way and dump XRP to new lows.

It will be a pump but the dump doesn't come from those buyers it comes from the millionaires who are currently holding massive numbers of XRP who will sell when these simple brains boost the price to anything above 1 dollar.

This is nothing like GameStop and certainly isn't sticking it to the man in any way.

I agree. This is just moronic. Doge and now XRP. The former a meme coin and the latter may have a use case but whats the point when the promoters hold back a large swathe of tokens. Basically, there's no fall back - it's just a moronic pump and dump with the unfortunate left holding when the music stops.

ToxicPaddy · 31-01-2021 03:47PM

makeorbrake wrote: »

I agree. This is just moronic. Doge and now XRP. The former a meme coin and the latter may have a use case but whats the point when the promoters hold back a large swathe of tokens. Basically, there's no fall back - it's just a moronic pump and dump with the unfortunate left holding when the music stops.

Yep more than likely, but as many have said before, don't gamble with what you can't afford to lose.

Way too many gambling large sums on this and are going to hurt badly if it goes pear shaped. Tomorrow will be interesting.

Bruno Mannheim · 31-01-2021 03:50PM

Dont buy the pump folks

olestoepoke · 31-01-2021 03:54PM

Bruno Mannheim wrote: »

Dont buy the pump folks

what about selling before the dump?

ToxicPaddy · 31-01-2021 04:20PM

Bruno Mannheim wrote: »

Dont buy the pump folks

Unfortunately being a completely unregulated market, you can expect this regularly so very few are going to listen.

I've no intention of buying anymore at the moment but will be watching carefully to see what does happen tomorrow and in the coming days. If I can make a few quid from it, I will.

jonny_b · 31-01-2021 04:27PM

Looks like it's getting dumped hard already

endainoz · 31-01-2021 04:27PM

So there's little chance of it falling much lower now seen as so many are on the bandwagon for it? Would have liked to have bought 50 or so worth if it hit 25cent.

makeorbrake · 31-01-2021 04:33PM

ToxicPaddy wrote: »

Yep more than likely, but as many have said before, don't gamble with what you can't afford to lose.

Way too many gambling large sums on this and are going to hurt badly if it goes pear shaped. Tomorrow will be interesting.

Yeah, I'll pass! There's out and out gambling and there's taking a speculative position on something that has some form of potential. With Doge, I'm open to correction but there's nothing there at all insofar as I'm aware. Ripple for me has always been hamstrung by the fact that they've held back a gazillion tokens. Them selling off tranches of said tokens is also what has put them out in front of the SEC steamroller more so than other projects.

If I'm going to hold a bag of something then it may as well at least be genuine in its attempts at providing for a certain use case and attempting to see that through. Even if it falls completely on its face, at least there's a chance.

With these choreographed pumps, whomever mistimes it - coming in at the end - is going to get caught and suckered with no tangible project to fall back on.

olestoepoke · 31-01-2021 04:34PM

jonny_b wrote: »

Looks like it's getting dumped hard already

Would you call a 3c drop getting dumped hard?

Blowheads · 31-01-2021 05:21PM

It'll be interesting to see how high they could pump it

The Ripple Thread

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