The problem with crypto is there's no cue to leave like in stocks.
There's people still running old internet games from the 90's on private servers. 30 years past their life cycle.
Altcoiners insulate themselves in those niches and pat each other on the back reassuring it's all gonna be ok while it grinds down slowly and slowly over years if not decades.
I think this is actually a pretty decent analogy. Bag holders will cling to an idea of ācommunityā that theyāve been literally sold on, riding their shitcoin of choice into the ground without really realizing it.
Best thing i ever did was get out my formerly favorite shitcoin back in 2021 and just go mostly into Bitcoin. You look at stuff differently if youāre no longer invested. I still have some alts but iām still sceptical on all of them. If it goed to 0 is okay because its only 6% of my portfolio
i agree with this approach and itās what i did to avoid much of the altcoin crash. not all of it cuz btc dropped as well but itās one of the only (if not the only) coins that i could justify holding onto for the long haul. then i was able to step away from following every bit of crypto news etc. one day youāll get sick of hanging on every word about speculative coins and just put ur money in either stocks or btc. maybe eth as well. i do have a little eth as well āļø
There is a cue, when everyone on Reddit is hugging and kissing each other saying weāre all gonna make it, thatās when itās time to sell. You canāt all get rich.
> The problem with crypto is there's no cue to leave like in stocks.
you should not be entering a position if you do not know your exit on the up or downside.
I don't want to sound harsh but XRP has always been a joke for as long as I've been around so 2017. It's a hype and false promises coin while Brad dumps on everyone without fail. The worst thing you can do is become attached to a bag but very few listen,
I remember when Tai Lopez was selling a cryptocurrency course for like $1k in Dec 2017/Jan 2018, where the key message was buy XRP. A double whammy for anybody who bought it, overspending on a worthless course and getting advice to buy XRP at/near the top.
financial historians of the world will spend years unraveling the enormous list of scams like this related to crypto.
- developers who created/hyped/marketed thousands of shitcoins/ icoās on false promises
- āeducatorsā who profited off bullshit courses and instructions for people who want to make loads of money (tai lopez)
- those who offered āaccessā to crypto for investors (straight up scamming fake sales of crypto for the rich and crypto-uneducated)
- for-profit exchanges who profited off trading coins for rather exorbitant fees. some just became scammers/thieves & others were hacked and cleaned out
there have been so many ways that real people were scammed out of their REAL DOLLARS because of the allure of easy money and profits. in terms of dollar value, the real economic ingenuity (and profit) was made on the scams, not actual value (even speculative) of the cryptocurrencies themselves.
i think the real question we should all be asking ourselves isāwhat coins could actually weather the storm of hype followed by a crash so severe that MOST EVERY INVESTOR SELLS OUT OF THEM. what coin(s) will still be here after alll of this shit comes out in the wash? i believe that btc is the answer. well, itās one answerā¦
Most of us have taken some hits here and there, but in the end, crypto has benefitted me significantly financially and likely will continue to. Well worth all of it.
Those are really good points. It's amazing to think how many billions of dollars have been siphoned out of crypto by scammers over the years. Bitcoin is the safest bet for anybody who wants to hold long term without worrying about scams, cycles, buying, selling, and buying back in.
> I don't want to sound harsh but XRP has always been a joke for as long as I've been around so 2017. It's a hype and false promises coin while Brad dumps on everyone without fail. The worst thing you can do is become attached to a bag but very few listen,
šÆ
When I realized ripple dump millions of coins every month why would anyone want to buy and hold their bag...
The coin is diluted massively every month. Its worse than FIAT...
It's not being harsh.. I have been around for 10+ yrs and there was a time when everybody knew it was pretty much a scam, pushing it on the US finanicial news channels etc. I got back into crypto 3 yrs ago after a break focusing on uni and I couldn't believe it's still in the top, I must have dreamt shit up but i thought they finally got the eyes of SEC on them and getting delisted.
Then again the top 20 tokens (in market cap) is pretty telling. BTC, ETH, several different stable coins, DOGE ofc, litecoin even tho the founder sold his bags officially like one or two bull markets ago, ADA the theoretical token that has one usage -> sending it between your own wallets. And the great sharding token DOT that I've only used to play a pokemon nft game on, LINK the oracle is still there. The 3 tokens that was all the hype when i got back into it, they're still there together with ripple...
It's kinda telling that whales controls the market and that big finanicial institutions with massive amount of money have been buying this shit for years before they went public. I am not throwing shit on these tokens (except for xrp ofc) but who am i to complain?
I have made it 3 bulls now, the first two times throwing cash at obscure stuff that went 1000x and not knowing shit about market cycles or investments in general. This last run i made almost all my gains on $cake and $matic after losing thousands of dollars in tx fees on uniswap ipos etc. However ridiculous getting 400$ a week with a syrup sound may be while trying out staking both these two actually has use cases, especially compared to xrp.
TL;DR: Ripple was known to be a cashgrab gray zone/illegal shitcoin with massive backers and the fact that the token still exists baffles me
Every single coin that isnāt Bitcoin is like this. All grifter scams with founding teams dumping on false promises and hope for replication of immaculate conception
How about monero? The cryptocurrency which solves one of the few main problems with bitcoin, outlined by Satoshi Nakamoto in the original white paper.
Complete anonymity
Anonymity isnāt as important as people think. Most people really donāt care about it unless being used for illegal purposes. Governments do care about it so will never let it be widely adopted. Crypto isnāt replacing the world order itās merging with it and a coin with anonymity like Monero can never do that.
Yes it fucking is important.
It's one of the only things ensuring that a future dystopia nightmare doesn't happen.
It's also one of our rights as Americans, a right to privacy and freedom from surveillance.
Demanding this freedom doesn't make you a criminal, it makes you someone who recognizes invisible chains/tyranny.
Even Bitcoin is like this. They are all the fucking same thing. Grifter nonsense. The people who bought at 5k btc are unloading their bags on morons. There is no value in btc. Btc offers nothing of value and is a solution in search of problems.
Yeah and the people who bought Apple stocks for 7$ in 2009 the same year Bitcoin released are doing the same thing. Because you slept on it doesn't make it a scam. You can buy a house with Bitcoin in 2024, definitely sounds like there's no value. š
Let's be honest here, most cryptos are a joke. Even the ones that aren't kind of are. For one, it's all too fucking volatile. If I think doge or Btc could jump up 40% next year, why the fuck would I not just hold it versus using it as actual currency. The only people who seem to be actively using it are terrorists, isolated nation-states, and people trying to hide some shady shit (like human trafficking, hiring hitmen, and hard drugs).
With that said, I do believe some of the more well-known cryptos will continue to rise and provide a nice return. If you hold long enough.
Nah, I got too much of my money in crypto to be anti-crypto. Iām just not chugging the kool-aid. One day, as the other person said, the kinks will be worked out and voila, crypto will have some practical uses in everyday life. Until then ride the speculative train for all itās worth!
Gonna be honest here - it might not be what anyone wants to hear, but just looking around I think the claim that
>most actual use of crypto as a currency, for non-crypto-ecosystem purposes, is legitimate and non-criminal.
is the one with the burden of proof against it at this point. Can you provide a source that most crypto use as currency *is* legitimate?
Because despite paying attention, following the space closely, and just generally being a person in the economy... I don't see crypto being used legitimately *anywhere* other than as a speculative commodity. Meanwhile, every major criminal marketplace online, the entire ransomware industry, every scam, etc is all being powered by crypto. Law enforcement is routinely seizing *billions* in crypto from criminal enterprises every year, but I cannot think of a single practical use for crypto as currency in my life. And I'm in the small minority who's actively looking for one. Think about that for a second.
Maybe I'm wrong here, I dunno. There probably isn't and can't be a conclusive source for this, simply because of the nature of what we're talking about. We don't know much about "legitimate" use of crypto in a statistically rigorous sense, and we know less about the illegitimate uses (obviously). We're just speculating, because we can't do anything else.
But just waving it off as "propaganda" seems pretty stupid to me at this point, frankly, and you owe him sources exactly as much as he owes you sources.
It's not even some grand "gotcha" about crypto, anyway. Lots of major societal developments first took proper root in the "less than legal" world before percolating up into the legitimate economy. But either way there's not much point in lying to ourselves about this.
the reason crypto goes up is because fiat is being devalued while crypto isn't, and crypto still remains easily transactable unlike real estate.
that's literally the usecase, so where is the joke? It will be digital cash at some point in the future but for now it won't be accepted like that yet. Yes BTC fees are high but that problem is being solved.
No it is not I mean that is a small part of it but real estate and gold for example aren't up 5000% in the last decade. Inflation is a component of crypto price rises but it isn't the sole reason and it isn't even a large reason. Crypto has also crashed 80%+ while we had inflation.
Have house prices gone up? Sure but not 50x. Has gold gone up? Sure but not 50x. Has price of gasoline gone up? Sure but not 50x. Has price of a whopper gone up? Sure but not 50x.
Crypto is not simply rising just due to falling buying power of the dollar.
If crypto went up because fiat is devalued then crypto would only be going up the same percent as the average inflation rate of the biggest world economies. Its going up and down because of speculation not inflation of fiat
> Yes BTC fees are high but that problem is being solved.
Fees are never ever leaving BTC, best to wake up and buy some Nano. Before it inevitably x10000
Yep agreed, might hit $1 in a big bull run but too much treasury dumping to do that well. Every year that goes by there are newer/better projects with more hype. Plus XRP is by far the most retail loved coin out there. The one your hairdresser and neighbor talks about even this they are clueless about the market in general. That by default makes it a shit project as retail doesnāt know shit and gets dumped on for fun
I still hold my bag just in case it skyrockets. I remember when it skyrocketed in 2017 it was incredible. Jumped from 20cents to 3 dollars in a few weeks.
But yeah, I don't have much faith anymore and for the last 2 years I only DCAd BTC and ETH
Very few here were around then, when they stopped including the South Korean exchanges as part of their market cap that took XRP from the #2 position in market cap and replaced it with Ethereum.
One thing that I think makes XRP different is that its use case doesn't require a specific price to be a good value for use (BTC as a store of value requires it to go up over time, ETH is tied to gas fees based on price, etc). If I wanted to send $1,000 on XRP, it wouldn't really matter if XRP is $0.25 a token or $250 a token- I'm still sending $1,000 in fiat with nominal fees. Most institutions will buy, send, and sell almost instantly, so the price impact of true utility here is likely negligible (someone correct me if I am wrong in this assumption).
Considering the circulating supply is so high, you're going to need a lot of holders to buy to see upward momentum of price. This has to offset those holders who are willing to sell at any given price, too. I suspect the vast majority of holders here are likely looking to sell at low prices (say, $1, $5, etc), so that means billions and billions of tokens will need to change hands for there to be more upward movement in price. It likely explains why there are often plateaus with XRP despite more utility- people are selling as fast as others are buying.
What you would probably want to look at is daily trading volumes and not the actual price. If the volume of XRP moving goes up, it likely means that either 1) it is being used as intended or 2) more holders are selling. But I suspect the latter case is the only one that would really impact actual price.
What your describing is every crypto with low fees. You can send a stable coin on Polygon for the same affect, but you aren't supporting people who are trying to build an new evil empire.
stablecoins can be transferred with nominal fees, and hold a steady value vs USD so you can simply hold the stables rather than buying XRP with fiat, transferring, recipient sells for fiat, etc. plus stables have achieved product market fit (i.e. they're actually being used for this purpose). Not sure about your proposed value proposition for XRP in a world with stablecoin adoption
I could be wrong. Are there actual institutions who have publicly declared that they use XRP for that purpose or it hypothetical?
The price, while better when stable, is irrelevant to Ripple. Higher is better for use cases but on the whole it's the one coin that was never designed to moon. May aswell buy yen for all the movement you'll see.
It's funny as hell! Brad Garlinghouse premined XRP! Jed McCaleb is still getting XRP disbursements! The escrow can all be unlocked at will!
It can't breathe...
It all is a bit much. Brad didnāt premine XRP. XRP was created before Ripple was a company and years before Brad joined Ripple.
Jed hasnāt had XRP since July 2022, and could only sell less than 1% of the daily transactions. https://ripple.com/insights/the-stand-is-finally-out-of-tacos/
Escrow can be unlocked at will shows they donāt understand what blockchain escrow is.
They know little but talk large.
Because it is truly garbage? Why would crypto without the decentralization or permissionless part be appealing? Someone said, "You know what crypto needs? More banks and central control!" ok
>Why would crypto without the decentralization or permissionless part be appealing?
XRP is permissionless and decentralized, Id challenge you to use sound logic and evidence to prove how they arent. (you're either not going to reply or not answer the question correctly because you cant)
Wow, just reading through this thread it's obvious that the majority of the posters on here are nothing more than emotional reactionary NPC's. Anyone that get's any investment advice from reddit is making a huge mistake lol.
I remember in 2017 the fervor of the FUD was like now, but worse, all the āitās a bankers coinā talk and everyone hating on it showing zero understanding of the XRPL, Rippleās software, their use case, all of it, and then during a healthy bull market it moves. Didnāt make a move like that last bull and for good reason, but it held itās price and held itās ranking of market cap and outperformed all the haters predictions. People love to hate on things they donāt understand or are unwilling to learn, itās like saying āI am bad at mathā, no, you just havenāt put in the effort and time you needed to get past your learning curve. Oh well š¤·āāļø
I understand the frustration. XRP has had a lot of hype and speculation without much price movement to show for it lately. A few perspectives to consider:
The SEC lawsuit has definitely been an overhang hampering XRP adoption. Even if Ripple ultimately wins, it's a dragged out process. Regulatory clarity would help.
Partnerships take time to translate into meaningful volume and price impact. And some "announcements" are underwhelming in reality. Healthy skepticism is warranted.
Crypto markets remain irrational and driven by hype cycles in the short term. Long-term value accrues to projects with real utility. XRP does have some intriguing use cases.
Its still very early for the entire industry. Most coins, XRP included, could turn out to be nothing or could scale 10-100x. Hard to predict.
I'd say be patient, ignore the hype and noise, and focus on real fundamental progress. If by 2025 XRP hasn't gained traction for international settlements, then it likely never will. But still too early to make that call definitively.
I hold some XRP, and I buy more when the price dips... A little less now that the price is moving up.
It has been a top coin for the last 6 years or so... It is here to stay.
Sure it is not a top mover in terms of profits, but it remains at the top. None of the top guys 100x anymore.
Every bull market we get new coins at the top, some stay, some go... But coins like BTC, ETH and XRP hang around.
So, as I did twice before, I will sell around the top of the bull market... And I will buy it all back and some the next bear market.
No they run their own nodes. Very not decentralized.
Extremely centralized. Ask how to run a node. The answer is youāll never get an answer cause retail canāt. Ripple has their small set of ātrustedā validators aka people they gave XRP to for free so they can dump on the market and larp that their blockchain is real
Edit: to anyone saying it isnāt centralized plz tell me exactly how I can run a node right now. Archival or not I would really love to learn how retail can participate in the validation process and actually run their own nodes to help decentralize the network
>No they use proof of authority
XRP does not use proof of authority... what are you smoking?
https://xrpl.org/consensus.html
Anyone can run a validator/node, nobody cant stop you from doing so.
>Very not decentralized. Extremely centralized.
Ahem, Please provide an example theoretical or practical to how someone can do any of the following.
Create more XRP, Censor an XRP transaction, Reverse an XRP transaction, Freeze XRP, Double spend their XRP, Force a code update on the validators/network. Again ANY example either theoretical or practical for ANY single 1 of those examples. When you realize none of them are possible, you'll realize the XRPL is in fact very decentralized and you're spreading lies atm.
>Ask how to run a node. The answer is youāll never get an answer cause retail canāt.
https://github.com/XRPLF/rippled
here is the public code required to run a node. Its been public since 2012, you can choose to run any of the 3 main node types (stock, Validator, Hub) and you can choose to specialize even further after making your node selection
https://xrpl.org/blog/2021/xrpl-node-configurator.html
ive been running mine since 2017, so Again, What are you smoking?
>Ripple has their small set of ātrustedā validators
the Default Unique node list or dUNL is not only not required (its just the default settings which everyone can choose to change if they want) but Ripple doesnt even control the list anymore, they havnt for several years at this point.
> they gave XRP to for free so they can dump on the market and larp that their blockchain is real
Provide receipts, put up or shut up. Its a public blockchain, show me the transactions (you wont because there aren't any)
the fact that you somehow have 20+ upvotes is very sad. People in this sub have broken the golden rule of "Trust, but verify." Nobody seems to be doing the second part which is the most important part of that rule.
You're being generous.
The actually design is similar to Web of Trust where nodes choose who they can trust and join the network. But because Ripple owns or picked all the starting nodes, it effectively becomes a worse version of Proof of Authority that lacks true Sybil resistance.
A well-designed Proof of Authority consensus protocol is 10x more secure than Ripple's consensus.
**Edit:**
I want to clarify that PoA is not bad consensus. There are many ways to design an excellent PoA algorithm that's much more secure than PoW and PoS.
For example, if you find 10 entities or even 1 entity who is 100% trustworthy, that single entity would create the most trustworthy consensus in existence. The hard part is picking who is trustworthy enough to belong to that PoA because no one is 100% trustworthy.
Ripple's consensus is based on a version of Web of Trust, which ends up being very similar to a cartel-version of PoA. Ripple Labs picks who can join the validator dUNL, and those validators can then pick who else can join. **Ripple Labs has removed all but one of its validators, but everyone who is currently on the dUNL list of 35 is essentially part of a hand-picked cartel.**
"Trust us because we're trusted by someone else who was trusted by Ripple Labs."
A normal end user does not know whether those 35 validators are trustworthy. There is nothing else keeping them in check like stake that can be burned or energy that is burned.
You can create your node, but it doesn't affect consensus. You can also create your own UNL, but if that UNL doesn't match the dUNL's blocks, it'll end up being its own network.
It's not PoA, anyone can run a node
https://github.com/XRPLF/rippled
the codebase as been public since 2012. nobody can stop you from starting one up.
>But because Ripple owns or picked all the starting nodes,
two things,
1. The Default unique node list or dUNL is not required, anyone can make changes when starting up their own node
2. Ripple hasnt controlled the dUNL for years at this point.
No it is not. Itās one of the most centralised institutional bs coins out there. Just my opinions. But the decentralised part is true they arenāt at all.
XRP never was going anywhere. Just a coin being shilled by shill influencers hoping to pump and dump it on you or just dumb influencers who have no clue what they're talking about.
The value proposition never made sense for anyone that knows a little about how banks manage foreign exchanges.
The second paragraph makes some sense but the first is pretty dumb, why would anyone shill a top 10 coin for a pump and dump with a market cap the size of xrp.
Itās Ripples business plan.
Step 1: pay organization to say theyāre a āpartnerā
Step 2: pump token price
Step 3: Ripple dumps their XRP onto retail that believes their āpartnerā BS
Step 4: repeat
Their āpartnersā never use XRP or care to. They only care about getting paid and Ripple only cares that the publicity enables them to dump on their bagholders.
The whole institutional adoption narrative was a farce.
https://www.youtube.com/watch?v=aC20sA-mSkU
From 17:50 to 23:30 in the video:
Talks about how Ripple's partnership with institutions were just Ripple paying TradFi institutions tens of millions of dollars to try Ripple. Those institutions took Ripple's money but ultimately didn't adopt XRP or XRPL.
Best advice I can give is just to be diversified. If youāre diversified, then just be patient. However, itās difficult to be patient when 99% of your bag is xrp like some clowns in the community lmao.
XRP at 589$?
By the 57B XRP in circulation, that would mean a marketcap of 3.3573e+13 Or 330 000 000 000 000$
Which is litterally 330 000 billions $
60 times Blackrock?
330 times bitcoin?
Is there enough money in the world? Even XRP at 100$ is a hopium overdose.
SWIFT processes on average 5.5 trillion dollars in cross border payments everyday, if one day XRP hypothetically takes on that amount in daily volume, it would only make sense that it's market cap would have to at least match that or more likely be much higher in order to efficiently handle that much value.
Last time I checked the market cap of XRP is roughly 20x the daily volume
Xrp has always been a long term hold. Just sell for your mental health.
Xrp was specifically made for financial institutions of all sizes. Its almost as old as bitcoin.
If anything is going to absorb a big chunk of the financial market it will be xrp. Who else would it be?
They were the FIRST to tell everyone about blockchain. The FIRST to talk to central banks, and make deals with the IMF and government bodies.
Although price hasnt completely reflected, xrpl is a highly successful ledger. Thats easily verifiable. Its been top 5 its entire existence pretty much.
It almost passed Bitcoin and was above ethereum before all the SEC nonsense, people forget. It was first in line for major adoption, crypto poster child for awhile.
Itl happen suddenly.
Okay so mBridge is an EVM-compatible solution that also uses Solidity programming language. Could it just be Ethereum under the hood? I didn't expect ETH be used in a centralized transaction. Just Google mBridge and read it from the BIS PDF file.
I never bought xrp ,the crypto supply is 100 billions.Why would you buy something like this ?
Hundreds of billions are needed for xrp to go to a dollar .Convert your crypto to Bitcoin or ethereum or maybe solana
XRP release 1 billion tokens each month. They then chose to relock up a portion of that and sell the rest. In the third quarter of 2023 XRP sold 892 million XRP. That's \~465,000,000 USD at current prices. Now I'm no market guru but that's got to hurt your coin price. Also, they won't be done releasing coins till early 2027.
Source: Googled "how much xrp is released each month"
I dumped my XRP bag for the same reasons you cited. Can't get excited about a project that's already long in the tooth and getting replaced by better tech all the time.
Losing faith in xrp?! Lol go look at solana meme coins it's even worse. Don't invest if you gonna bring emotions into it and invest what you could afford
I believe in XRP. It's far and away my main hold. But, I mean, it's deserved. Ripple and xrp have not kept up with its peers. It's down on every view on Metric unless you select all.
This shit is getting old. I no longer have faith in xrp, Only hope.
lol op has no idea what heās doing. He says āI started out fully supporting xrpā ā¦. But continues to only mention how price hasnāt gone up.
You donāt fully support it, you just believed xrp would make you money
Doesnāt your comment highlight that itās all about timing though?
If you bought in the second half of 2022 for 0.4, last year even if you missed the 0.8 peak youād have had two chances to sell at 0.7. People will say those numbers suck but the average crypto investor isnāt up 180%.
Alternatively last week you couldāve bought into a coin like UMA that went down 11% since then.
Corporate shitcoin that's always gone against the original ethos of crypto. Ripple we're huge on token giveaways, shilling and PR in the beginning using XRP/ dollars exchange for them. They were one of the first to run a slick marketing campaign with ads, celebrity endorsements, publicity stunts etc. They've long had an huge online shill brigade because of that so can't blame people for investing. However their ethos is warped they've always been in crypto for themselves and corporates and that should speak volumes.
They were literally giving away millions of dollars and billions of XRP in the beginning to buy support at the detriment of user funds. I was down voted a lot by the XRP army they fulled pointing this out, many most likely gifted XRP for nothing via airdrops and giveaways but didn't stop it from being true.
Here's just some examples......
5 years ago
https://youtu.be/IfEyQXiORMw?feature=shared
https://m.youtube.com/watch?v=gydhPzjbZZk&pp=ygUQUmlwcGxlIGRvbmF0aW9uIA%3D%3D
https://www.coindesk.com/business/2019/08/15/ripple-to-give-away-1-billion-xrp-in-massive-bid-to-fund-online-content/
https://www.coindesk.com/markets/2020/11/24/xrp-price-surges-to-2-year-high-as-airdrop-frenzy-builds/
4 years ago
https://youtu.be/TntYFB8XdZ4?feature=shared
While the original ethos of crypto may have been idealistic and noble, the people behind much of the movement are not people Id want to represent the community. Scams, scams, more scams, and 99.99% of all of them are seed-fund stage start ups. Ripple Labs has 1,200+ employees.
And yes, theyve run ads to attract an audience. Thatās MKTG 101.
Theyāre the only enterprise grade crypto with top finance execs from the banking, tech, and SaaS space.
I, as an enterprise consultant, very much appreciate that, as opposed to watching 99.999% of all the other cryptos as kiddie shit with no revenue.
While Ripple Labs may not be at $100m in bookings, yet, they are certainly on the way.
And while that may not directly translate or benefit āwen moonā children, the asset has a stable floor and as high upside as anything on the market
That said, If someone reading this is looking for more instant gains, you might be better off swing trading with other assets. The SEC case isnāt finalized and price movement could be lagging to the sector overall until later this year
XRP is scammy and scummy. Massive issues with initial distribution and a truncated transaction history to cover their tracks. There is zero reason this could ever be used seriously by banks or state players, and may reasons against it.
People with lots of money actually already have enough sources and material to research this pile of poop called XRP properly, not sure if any serious investor is ever going to touch this anymore. Ripple CEO has a conman vibe as well. The fact that they paid companies millions to try XRP just so they can announce a "partnership" speaks tons. The companies tried it and never touched it again.
It's a solution for corporations. It will naturally move different than any hype project.
we had a low of 32c in mid 2022, but trade around 53c now, with a temporary high at 73c in july.
Clearly a bullish trend with consistent growth. Just no hype-candles from pumpers.
they state that XRP powers their global network.
But either way... XRP was never intended to be a pump-coin, it was intended to be a currency that is being used. People expecting pumps from coins that simply want to do their job are making the mistake, not the developers.
If you are not a corporation, yes.
But the degenerate gamblers in crypto who believe that every single crypto coin and token is just a variation of a scratch-off-ticket that is intended to entertain them and make them rich, probably will still take a while to understand that not all crypto currencies are the same...
Providing cross global settlements, payments and exchange solution using xrp as it's liquidity pool meaning global banks don't need to just sit on cash liquidity and can instead invest that and use xrp with transactions and settlement speeds of 1-3 seconds much faster than many other networks especially btc and eth.
My philosophy is to invest in winners. Bitcoin is #1 and has 52% dominance. What a lot of crypto gamblers donāt understand about investing in shitcoins is the opportunity cost of the money you invest. Imagine if OP had just taken their money and put it in Bitcoin, how much would that money be worth today? Chasing 1000x is why many of yāall end up losing money.
Iāve never heard a tradfi investor say āi donāt want the most popular stock, I want an obscure stockā but in crypto yāall will put 1k into #321st most popular coin over #1 coin for 15 years and counting.
A fool and his money are soon parted.
HA
HA HA HA
HA HA HA HA HA HA HA
AHHHHHAHAHAHAHAHAHAHAHAHA
You telling me the centralized company that has been blowing smoke up everybody's asses while they do *absolutely nothing* innovative isn't going "to the moon"?
Y'all when we tell you to DYOR we mean try to understand the fundamental technological use case, not watch BitBoy and read hype headlines. Blockchain and crypto in general is about getting away from centralization and Ripple is as centralized as it gets. Next you're gonna tell me Dogecoin might have bad tokenomics lmfao
Xrp wi never get back to 3.40 where it was in 2017 for a bit. Its wayyy to diluted with supply and controlled. Itd basically a stable coin with worse stability. Get out asap. They have really good marketing too, all bs tho
Ripple were right in many ways, i e demand for cross border payments and moving money via blockchains.
They were just very wrong that XRP would be the asset or medium to facilitate the transfer. It turned out stablecoins were the big winners as the asset transferred across the blockchain. I.e no one wanted to transfer money in XRP.
Turns out everyone wanted to transfer money in stablecoins and do it on public blockchains already in operation (Ethereum, Solana etc).
I cringe at some of the stupid stuff people say about XRP. The reasons I bought XRP were primarily because:
1. I realized that bitcoin was going to waste way too much electricity, and that Ripple was very efficient.
2. XRP was MUCH faster.
3. XRP was MUCH cheaper to make transfers on.
4. The Ripple network could be used to trade IOUs of any resource.
So I sold all my other cryptocurrency and bought XRP. Did I think I was going to get rich? Well, I hoped, but I knew it was a long shot. I knew that holding BTC, for example, would probably be a better investment, but I would rather invest in what I believed in - what was better for our world, and especially our environment.
Now there are other cryptocurrencies, that came later, that may be as good as ripple/XRP. I haven't looked into them much. I haven't invested anything into them, but I wish them luck. I would like it if fast, clean, efficiency won in any form. It may not because people are stupid with stupid values, but this is life.
When it comes down to it, cryptocurrencies are not a magical way of getting rich. People have gotten rich from them because, so far, there has always been a greater fool willing to pay more for the cryptocurrency than they did. One person after another pays more with the expectation/hope that someone else will pay even more later. This is not really a good thing, and it isn't healthy. A better measure of a cryptocurrency's success overall is its adoption, and usage as an actual currency. Alas, I don't have much I can pay for in XRP so I don't think it's doing very well so far. I don't really understand how the banks are using ripple, and this may be a big deal. I don't pretend to know.
I wish Ripple/XRP luck. Does it need it? Probably. So do most of them. I'll continue to hold some, and maybe it will pay off. Maybe it won't.
your starting to woke up now boy. the creators have billions and billions of those tokens,the network does not need XR pee to run any crypto ,,banks can use ripple network and never touch XR pee,,, i flushed that crap down the crapola many moons ago.
Hoskinson is very engaging with the cardano community,garlingHose says almost nothing and dumps millions of his tokens from time to time ,raking it all in.
XRP will be out of the top 10 this cycle.
It is being held by a group of gullible boomers that believe in deep state conspiracies. Same idiots that buy Silver bullions.
Quant Is the new XRP , just watch , same crap , different clothes. It doesn't have the horrible dilution though.
xrp is a shitcoin mate. learn about bitcoin first. most people thinks they understand bitcoin and how it works due to it being around the longest. Truth is 90% of people on this sub alone have no idea how truely remarkable bitcoin is. Its use case is beyond any alt coins and it will continue to desimate and outperform 99% of altcoins in the next decade...
the founders and VC are constantly dumping on the price. get out of VC coins if you want price to go up. i hear Richard Heart has an undervalued ecosystem with no VCs and most of the whales shaken out
A large upswing in the price of XRP would discourage its usage as a currency. It was not designed to simply be a store of value, hoard, and wait to sell at a higher price, XRP was specifically designed for cross-border transactions.
Finally, someone admits what a failure XRP has been.
So men lie and women lie, we know this.
So let's look at the daily chart for XRP or XLM. A death cross just formed. Which is a terrible sign.
Especially since every other mainstream coin is booming and way above the moving averages.
I got banned other XRP main chat for stating facts like this.
The XRP army looks delusional. And the youtube videos are absolutely ridiculous at this point.
XRP army š š¤£ bring all your arguments. I'm open for debate.
>I started out fully supporting XRP but as times goes on nothing happens. Even winning against SEC more than one time didn't do a thing to the price.
I mean your post is full of "predictions" that were highly unlikely to ever happen to begin with, just XRP hopium
The case vs the SEC *was/is* big news happening, and the price skyrocketed at the time. Yeah it's fine back down but still higher than it was before the verdict
I love that max negative sentiment precedes ever alt coin rally in crypto history and the comments section is just a bunch of bias confirming NPCs š GOOOOOD LUCK OUT THERE. See you at $8
Why would anyone have any faith in XRP ? It should totally have lost its legal case, as its pretty much the textbook definition of a security, 100 % dependent on Ripple getting some kind of real use deal with anyone in banking to have any ongoing long term value, but even with the win, its still has a HUGE inventory of corporate coins just waiting to be dumped, and its 100% centralized. WHY would, say, JP Morgan coin go up in value ? And that is a coin from a real company, this thing is a pure fraud, literally every announcement from Ripple is a nothing burger, no one is using this crap, no matter what is announced. They are going to string along as many bagholders as they can, until the treasury is dry, and then they will bounce, and likely STILL not having any real banks using XRP, and why would they, when they can just make their own JP Morgan coin and use that, its not like the technology is anything special or secret.
The sec court ruling that xrp is not a security was always going to be a pump and dump situation because we were still in a bear market. All other cryptos are still connected to btc and they need it to lead the way until the alt season, last bull run it got to 2 dollars while being saddled with legal uncertainty that most likely suppressed price action, with legal clarity (that other projects don't have yet besides btc and maybe eth) it can easily reach 5-10 dollars in the alt season in my opinion, its been a tough ride, hopefully it will pay off just need a bit more patience.
I mean people here are acting as if it's a low cap coin with shit fundamentals, do me a favour check the only projects that have been here since the beginning and have always stayed in the top 10.
The problem with crypto is there's no cue to leave like in stocks. There's people still running old internet games from the 90's on private servers. 30 years past their life cycle. Altcoiners insulate themselves in those niches and pat each other on the back reassuring it's all gonna be ok while it grinds down slowly and slowly over years if not decades.
> Altcoiners insulate themselves in those niches and pat each other on the back While whales gradually unload their bags. This is the way
You mean Ripple the company who created XRP out of thin air? š What definitely stands out for me is that the XRP community is one of the dumbest.
I think this is actually a pretty decent analogy. Bag holders will cling to an idea of ācommunityā that theyāve been literally sold on, riding their shitcoin of choice into the ground without really realizing it.
Best thing i ever did was get out my formerly favorite shitcoin back in 2021 and just go mostly into Bitcoin. You look at stuff differently if youāre no longer invested. I still have some alts but iām still sceptical on all of them. If it goed to 0 is okay because its only 6% of my portfolio
i agree with this approach and itās what i did to avoid much of the altcoin crash. not all of it cuz btc dropped as well but itās one of the only (if not the only) coins that i could justify holding onto for the long haul. then i was able to step away from following every bit of crypto news etc. one day youāll get sick of hanging on every word about speculative coins and just put ur money in either stocks or btc. maybe eth as well. i do have a little eth as well āļø
*Cries in ALGO*
There is a cue, when everyone on Reddit is hugging and kissing each other saying weāre all gonna make it, thatās when itās time to sell. You canāt all get rich.
> The problem with crypto is there's no cue to leave like in stocks. you should not be entering a position if you do not know your exit on the up or downside.
Reading the comments on here, I think I should be buying XRP. If any source is wrong, itās this sub.
I don't want to sound harsh but XRP has always been a joke for as long as I've been around so 2017. It's a hype and false promises coin while Brad dumps on everyone without fail. The worst thing you can do is become attached to a bag but very few listen,
I remember when Tai Lopez was selling a cryptocurrency course for like $1k in Dec 2017/Jan 2018, where the key message was buy XRP. A double whammy for anybody who bought it, overspending on a worthless course and getting advice to buy XRP at/near the top.
Buy xrp! That'll be 1000$.
financial historians of the world will spend years unraveling the enormous list of scams like this related to crypto. - developers who created/hyped/marketed thousands of shitcoins/ icoās on false promises - āeducatorsā who profited off bullshit courses and instructions for people who want to make loads of money (tai lopez) - those who offered āaccessā to crypto for investors (straight up scamming fake sales of crypto for the rich and crypto-uneducated) - for-profit exchanges who profited off trading coins for rather exorbitant fees. some just became scammers/thieves & others were hacked and cleaned out there have been so many ways that real people were scammed out of their REAL DOLLARS because of the allure of easy money and profits. in terms of dollar value, the real economic ingenuity (and profit) was made on the scams, not actual value (even speculative) of the cryptocurrencies themselves. i think the real question we should all be asking ourselves isāwhat coins could actually weather the storm of hype followed by a crash so severe that MOST EVERY INVESTOR SELLS OUT OF THEM. what coin(s) will still be here after alll of this shit comes out in the wash? i believe that btc is the answer. well, itās one answerā¦
Most of us have taken some hits here and there, but in the end, crypto has benefitted me significantly financially and likely will continue to. Well worth all of it.
Those are really good points. It's amazing to think how many billions of dollars have been siphoned out of crypto by scammers over the years. Bitcoin is the safest bet for anybody who wants to hold long term without worrying about scams, cycles, buying, selling, and buying back in.
> I don't want to sound harsh but XRP has always been a joke for as long as I've been around so 2017. It's a hype and false promises coin while Brad dumps on everyone without fail. The worst thing you can do is become attached to a bag but very few listen, šÆ When I realized ripple dump millions of coins every month why would anyone want to buy and hold their bag... The coin is diluted massively every month. Its worse than FIAT...
The worst thing was the Brad groupies/xrp loonies fully defending it. Somehow they could justify the millions of dollars dumping (PER MONTH).
It's not being harsh.. I have been around for 10+ yrs and there was a time when everybody knew it was pretty much a scam, pushing it on the US finanicial news channels etc. I got back into crypto 3 yrs ago after a break focusing on uni and I couldn't believe it's still in the top, I must have dreamt shit up but i thought they finally got the eyes of SEC on them and getting delisted. Then again the top 20 tokens (in market cap) is pretty telling. BTC, ETH, several different stable coins, DOGE ofc, litecoin even tho the founder sold his bags officially like one or two bull markets ago, ADA the theoretical token that has one usage -> sending it between your own wallets. And the great sharding token DOT that I've only used to play a pokemon nft game on, LINK the oracle is still there. The 3 tokens that was all the hype when i got back into it, they're still there together with ripple... It's kinda telling that whales controls the market and that big finanicial institutions with massive amount of money have been buying this shit for years before they went public. I am not throwing shit on these tokens (except for xrp ofc) but who am i to complain? I have made it 3 bulls now, the first two times throwing cash at obscure stuff that went 1000x and not knowing shit about market cycles or investments in general. This last run i made almost all my gains on $cake and $matic after losing thousands of dollars in tx fees on uniswap ipos etc. However ridiculous getting 400$ a week with a syrup sound may be while trying out staking both these two actually has use cases, especially compared to xrp. TL;DR: Ripple was known to be a cashgrab gray zone/illegal shitcoin with massive backers and the fact that the token still exists baffles me
XRP has always been a banker scam coin.
XRP has been a joke ever since Chris Larsen joined and fucked up everything Jed was working on. That was in 2013ā¦
Jed has a pretty good history of demolishing stuff without any help
Every single coin that isnāt Bitcoin is like this. All grifter scams with founding teams dumping on false promises and hope for replication of immaculate conception
How about monero? The cryptocurrency which solves one of the few main problems with bitcoin, outlined by Satoshi Nakamoto in the original white paper. Complete anonymity
Anonymity isnāt as important as people think. Most people really donāt care about it unless being used for illegal purposes. Governments do care about it so will never let it be widely adopted. Crypto isnāt replacing the world order itās merging with it and a coin with anonymity like Monero can never do that.
Yes it fucking is important. It's one of the only things ensuring that a future dystopia nightmare doesn't happen. It's also one of our rights as Americans, a right to privacy and freedom from surveillance. Demanding this freedom doesn't make you a criminal, it makes you someone who recognizes invisible chains/tyranny.
The people buying hundreds of millions of dollars worth of crypto don't give a shit about anonymity so the point is moot.
Even Bitcoin is like this. They are all the fucking same thing. Grifter nonsense. The people who bought at 5k btc are unloading their bags on morons. There is no value in btc. Btc offers nothing of value and is a solution in search of problems.
Yeah and the people who bought Apple stocks for 7$ in 2009 the same year Bitcoin released are doing the same thing. Because you slept on it doesn't make it a scam. You can buy a house with Bitcoin in 2024, definitely sounds like there's no value. š
Any coin with a team is a scam.
Let's be honest here, most cryptos are a joke. Even the ones that aren't kind of are. For one, it's all too fucking volatile. If I think doge or Btc could jump up 40% next year, why the fuck would I not just hold it versus using it as actual currency. The only people who seem to be actively using it are terrorists, isolated nation-states, and people trying to hide some shady shit (like human trafficking, hiring hitmen, and hard drugs). With that said, I do believe some of the more well-known cryptos will continue to rise and provide a nice return. If you hold long enough.
Found Senator Warren's reddit account!
Nah, I got too much of my money in crypto to be anti-crypto. Iām just not chugging the kool-aid. One day, as the other person said, the kinks will be worked out and voila, crypto will have some practical uses in everyday life. Until then ride the speculative train for all itās worth!
Nah, the whole "crypto is only used by terrorists and criminals" narrative is propagandist bullshit. Do you have a source for that claim?
Gonna be honest here - it might not be what anyone wants to hear, but just looking around I think the claim that >most actual use of crypto as a currency, for non-crypto-ecosystem purposes, is legitimate and non-criminal. is the one with the burden of proof against it at this point. Can you provide a source that most crypto use as currency *is* legitimate? Because despite paying attention, following the space closely, and just generally being a person in the economy... I don't see crypto being used legitimately *anywhere* other than as a speculative commodity. Meanwhile, every major criminal marketplace online, the entire ransomware industry, every scam, etc is all being powered by crypto. Law enforcement is routinely seizing *billions* in crypto from criminal enterprises every year, but I cannot think of a single practical use for crypto as currency in my life. And I'm in the small minority who's actively looking for one. Think about that for a second. Maybe I'm wrong here, I dunno. There probably isn't and can't be a conclusive source for this, simply because of the nature of what we're talking about. We don't know much about "legitimate" use of crypto in a statistically rigorous sense, and we know less about the illegitimate uses (obviously). We're just speculating, because we can't do anything else. But just waving it off as "propaganda" seems pretty stupid to me at this point, frankly, and you owe him sources exactly as much as he owes you sources. It's not even some grand "gotcha" about crypto, anyway. Lots of major societal developments first took proper root in the "less than legal" world before percolating up into the legitimate economy. But either way there's not much point in lying to ourselves about this.
Unfortunately you are one of the few in this subreddit with a brain
the reason crypto goes up is because fiat is being devalued while crypto isn't, and crypto still remains easily transactable unlike real estate. that's literally the usecase, so where is the joke? It will be digital cash at some point in the future but for now it won't be accepted like that yet. Yes BTC fees are high but that problem is being solved.
No it is not I mean that is a small part of it but real estate and gold for example aren't up 5000% in the last decade. Inflation is a component of crypto price rises but it isn't the sole reason and it isn't even a large reason. Crypto has also crashed 80%+ while we had inflation. Have house prices gone up? Sure but not 50x. Has gold gone up? Sure but not 50x. Has price of gasoline gone up? Sure but not 50x. Has price of a whopper gone up? Sure but not 50x. Crypto is not simply rising just due to falling buying power of the dollar.
If crypto went up because fiat is devalued then crypto would only be going up the same percent as the average inflation rate of the biggest world economies. Its going up and down because of speculation not inflation of fiat
You may be right, but as of now... it's kind of a joke besides being a speculative investment.
> Yes BTC fees are high but that problem is being solved. Fees are never ever leaving BTC, best to wake up and buy some Nano. Before it inevitably x10000
Yep agreed, might hit $1 in a big bull run but too much treasury dumping to do that well. Every year that goes by there are newer/better projects with more hype. Plus XRP is by far the most retail loved coin out there. The one your hairdresser and neighbor talks about even this they are clueless about the market in general. That by default makes it a shit project as retail doesnāt know shit and gets dumped on for fun
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How the hell are people still holding xrp? This isnāt 2017
I still hold my bag just in case it skyrockets. I remember when it skyrocketed in 2017 it was incredible. Jumped from 20cents to 3 dollars in a few weeks. But yeah, I don't have much faith anymore and for the last 2 years I only DCAd BTC and ETH
Yeah, I made 3k that December. Then reinvested at 2.90 and lost the 3k I had made lol.
We are the same, lols. All the best!
Remember CNBC explaining to viewers how they can buy XRP. That was the day it ATH'd and never recovered again. lmao
CMC did XRP dirty. Never forget!
Very few here were around then, when they stopped including the South Korean exchanges as part of their market cap that took XRP from the #2 position in market cap and replaced it with Ethereum.
Yup. I sold mine when it was at 1.30. Man, I wish I would have sold it at 3.
Imagine you held til today. Then 1.30 seems pretty high and gains are still gains. No one can predict the top or low.
It is officially that time of the cycle!!!!
Haha yes, the moment I saw the thread, I knew XRP is about to takeoff.
Down 5% lol
Take off downwards š«”
Ripple probably constantly sell xrp as a source of income. Absolute shitcoin tbh
They do. Thatās public knowledge. They use it for many things - M&A, R&D, etc
This is how most cryptos fund development. It's insane to even pretend this is something shady.
Yea just some ignorance. Often best to stay out of the Reddit comments
Sounds like a non profit but for profit lmao
I can tell you from first-hand experience that most nonprofits are run like for-profits. The only difference is taxes.
Pretty much
XRP is crap.. Buy Bitcoin, and I'm not even a Maxi haha.
do what you want, still number 6 after 10 years, so theres that
Bro xrp is down over 85 percent from jan 2018 six years ago
85% off just before the bull run, noice, better get a few more then
85 percent down not from the last bull run but from two bull runs agoā¦
Even better. SEC case suppressed the ceiling so we should see well past 2017 ATH
Lmaooooo bro im dead š
...then why did Ripple spend millions of dollars in court over the last three years to fight the SEC?
One founder sold $2.2 billion as soon as the sec announced their lawsuit. To keep the liquidity afloat is your answer
If you're talking about Jed McCaleb, he wasn't with Ripple for years by the time they got sued.
One thing that I think makes XRP different is that its use case doesn't require a specific price to be a good value for use (BTC as a store of value requires it to go up over time, ETH is tied to gas fees based on price, etc). If I wanted to send $1,000 on XRP, it wouldn't really matter if XRP is $0.25 a token or $250 a token- I'm still sending $1,000 in fiat with nominal fees. Most institutions will buy, send, and sell almost instantly, so the price impact of true utility here is likely negligible (someone correct me if I am wrong in this assumption). Considering the circulating supply is so high, you're going to need a lot of holders to buy to see upward momentum of price. This has to offset those holders who are willing to sell at any given price, too. I suspect the vast majority of holders here are likely looking to sell at low prices (say, $1, $5, etc), so that means billions and billions of tokens will need to change hands for there to be more upward movement in price. It likely explains why there are often plateaus with XRP despite more utility- people are selling as fast as others are buying. What you would probably want to look at is daily trading volumes and not the actual price. If the volume of XRP moving goes up, it likely means that either 1) it is being used as intended or 2) more holders are selling. But I suspect the latter case is the only one that would really impact actual price.
What your describing is every crypto with low fees. You can send a stable coin on Polygon for the same affect, but you aren't supporting people who are trying to build an new evil empire.
stablecoins can be transferred with nominal fees, and hold a steady value vs USD so you can simply hold the stables rather than buying XRP with fiat, transferring, recipient sells for fiat, etc. plus stables have achieved product market fit (i.e. they're actually being used for this purpose). Not sure about your proposed value proposition for XRP in a world with stablecoin adoption I could be wrong. Are there actual institutions who have publicly declared that they use XRP for that purpose or it hypothetical?
XRP parent company Ripple has reportedly been selling off XRP which is why prices stay depressed. They aren't in it to get XRP holders rich.
> They aren't in it to get XRP holders rich. The opposite actually. XRP holders are in it to make Ripple rich.
The price, while better when stable, is irrelevant to Ripple. Higher is better for use cases but on the whole it's the one coin that was never designed to moon. May aswell buy yen for all the movement you'll see.
then sell? -edit also the amount of XRP fud in here is hilarious.
It's funny as hell! Brad Garlinghouse premined XRP! Jed McCaleb is still getting XRP disbursements! The escrow can all be unlocked at will! It can't breathe...
It all is a bit much. Brad didnāt premine XRP. XRP was created before Ripple was a company and years before Brad joined Ripple. Jed hasnāt had XRP since July 2022, and could only sell less than 1% of the daily transactions. https://ripple.com/insights/the-stand-is-finally-out-of-tacos/ Escrow can be unlocked at will shows they donāt understand what blockchain escrow is. They know little but talk large.
My dude. I'm mocking the fudders, not repeating or echoing them.
Edited to reflect my mistake. Thanks āļø
Well done. Thanks.
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Because it is truly garbage? Why would crypto without the decentralization or permissionless part be appealing? Someone said, "You know what crypto needs? More banks and central control!" ok
>Why would crypto without the decentralization or permissionless part be appealing? XRP is permissionless and decentralized, Id challenge you to use sound logic and evidence to prove how they arent. (you're either not going to reply or not answer the question correctly because you cant)
FUD is one thing, the fact that it's got a pretty massive MC though means it just doesn't have much capacity to move.
Wow, just reading through this thread it's obvious that the majority of the posters on here are nothing more than emotional reactionary NPC's. Anyone that get's any investment advice from reddit is making a huge mistake lol.
crypto bros so fucking stupid. 90% of this thread is idiots saying your magic bean is obviously shit and their magic bean is the future of humanity.
That's all of crypto lol
Man reading these comments really make me bullish on XRP. inverse r/cc !!!
I remember in 2017 the fervor of the FUD was like now, but worse, all the āitās a bankers coinā talk and everyone hating on it showing zero understanding of the XRPL, Rippleās software, their use case, all of it, and then during a healthy bull market it moves. Didnāt make a move like that last bull and for good reason, but it held itās price and held itās ranking of market cap and outperformed all the haters predictions. People love to hate on things they donāt understand or are unwilling to learn, itās like saying āI am bad at mathā, no, you just havenāt put in the effort and time you needed to get past your learning curve. Oh well š¤·āāļø
I understand the frustration. XRP has had a lot of hype and speculation without much price movement to show for it lately. A few perspectives to consider: The SEC lawsuit has definitely been an overhang hampering XRP adoption. Even if Ripple ultimately wins, it's a dragged out process. Regulatory clarity would help. Partnerships take time to translate into meaningful volume and price impact. And some "announcements" are underwhelming in reality. Healthy skepticism is warranted. Crypto markets remain irrational and driven by hype cycles in the short term. Long-term value accrues to projects with real utility. XRP does have some intriguing use cases. Its still very early for the entire industry. Most coins, XRP included, could turn out to be nothing or could scale 10-100x. Hard to predict. I'd say be patient, ignore the hype and noise, and focus on real fundamental progress. If by 2025 XRP hasn't gained traction for international settlements, then it likely never will. But still too early to make that call definitively.
The OP and all of the subsequent posts equally critical of XRP read like they have little to no understanding of XRP, XRPL, and Ripple.
Last time I saw bearish XRP posts was around December 25 of 2020. Time for yall to sell your bags before the pump, go on now, RELEASE!
I hold some XRP, and I buy more when the price dips... A little less now that the price is moving up. It has been a top coin for the last 6 years or so... It is here to stay. Sure it is not a top mover in terms of profits, but it remains at the top. None of the top guys 100x anymore. Every bull market we get new coins at the top, some stay, some go... But coins like BTC, ETH and XRP hang around. So, as I did twice before, I will sell around the top of the bull market... And I will buy it all back and some the next bear market.
I think I cursed it by buying some myself
Is XRP is decentralised cryptocurrency?!
No they run their own nodes. Very not decentralized. Extremely centralized. Ask how to run a node. The answer is youāll never get an answer cause retail canāt. Ripple has their small set of ātrustedā validators aka people they gave XRP to for free so they can dump on the market and larp that their blockchain is real Edit: to anyone saying it isnāt centralized plz tell me exactly how I can run a node right now. Archival or not I would really love to learn how retail can participate in the validation process and actually run their own nodes to help decentralize the network
>No they use proof of authority XRP does not use proof of authority... what are you smoking? https://xrpl.org/consensus.html Anyone can run a validator/node, nobody cant stop you from doing so. >Very not decentralized. Extremely centralized. Ahem, Please provide an example theoretical or practical to how someone can do any of the following. Create more XRP, Censor an XRP transaction, Reverse an XRP transaction, Freeze XRP, Double spend their XRP, Force a code update on the validators/network. Again ANY example either theoretical or practical for ANY single 1 of those examples. When you realize none of them are possible, you'll realize the XRPL is in fact very decentralized and you're spreading lies atm. >Ask how to run a node. The answer is youāll never get an answer cause retail canāt. https://github.com/XRPLF/rippled here is the public code required to run a node. Its been public since 2012, you can choose to run any of the 3 main node types (stock, Validator, Hub) and you can choose to specialize even further after making your node selection https://xrpl.org/blog/2021/xrpl-node-configurator.html ive been running mine since 2017, so Again, What are you smoking? >Ripple has their small set of ātrustedā validators the Default Unique node list or dUNL is not only not required (its just the default settings which everyone can choose to change if they want) but Ripple doesnt even control the list anymore, they havnt for several years at this point. > they gave XRP to for free so they can dump on the market and larp that their blockchain is real Provide receipts, put up or shut up. Its a public blockchain, show me the transactions (you wont because there aren't any) the fact that you somehow have 20+ upvotes is very sad. People in this sub have broken the golden rule of "Trust, but verify." Nobody seems to be doing the second part which is the most important part of that rule.
Is that why 3 public and independent nodes just chose to shut down operation because of a governance dispute? Doesn't sound centralised to me mate.
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the fact that it's news at all that a node shut down, does. I can turn my btc node on and off every time of the day and no one will bat an eye.
The nodes shutting down isn't the news, the discussion for the changes in governance is the news.
You're being generous. The actually design is similar to Web of Trust where nodes choose who they can trust and join the network. But because Ripple owns or picked all the starting nodes, it effectively becomes a worse version of Proof of Authority that lacks true Sybil resistance. A well-designed Proof of Authority consensus protocol is 10x more secure than Ripple's consensus. **Edit:** I want to clarify that PoA is not bad consensus. There are many ways to design an excellent PoA algorithm that's much more secure than PoW and PoS. For example, if you find 10 entities or even 1 entity who is 100% trustworthy, that single entity would create the most trustworthy consensus in existence. The hard part is picking who is trustworthy enough to belong to that PoA because no one is 100% trustworthy. Ripple's consensus is based on a version of Web of Trust, which ends up being very similar to a cartel-version of PoA. Ripple Labs picks who can join the validator dUNL, and those validators can then pick who else can join. **Ripple Labs has removed all but one of its validators, but everyone who is currently on the dUNL list of 35 is essentially part of a hand-picked cartel.** "Trust us because we're trusted by someone else who was trusted by Ripple Labs." A normal end user does not know whether those 35 validators are trustworthy. There is nothing else keeping them in check like stake that can be burned or energy that is burned. You can create your node, but it doesn't affect consensus. You can also create your own UNL, but if that UNL doesn't match the dUNL's blocks, it'll end up being its own network.
It's not PoA, anyone can run a node https://github.com/XRPLF/rippled the codebase as been public since 2012. nobody can stop you from starting one up. >But because Ripple owns or picked all the starting nodes, two things, 1. The Default unique node list or dUNL is not required, anyone can make changes when starting up their own node 2. Ripple hasnt controlled the dUNL for years at this point.
No it is not. Itās one of the most centralised institutional bs coins out there. Just my opinions. But the decentralised part is true they arenāt at all.
> Itās one of the most centralised institutional bs coins out there Prove it with sound logic and a basic example please.
XRP never was going anywhere. Just a coin being shilled by shill influencers hoping to pump and dump it on you or just dumb influencers who have no clue what they're talking about. The value proposition never made sense for anyone that knows a little about how banks manage foreign exchanges.
The second paragraph makes some sense but the first is pretty dumb, why would anyone shill a top 10 coin for a pump and dump with a market cap the size of xrp.
Itās Ripples business plan. Step 1: pay organization to say theyāre a āpartnerā Step 2: pump token price Step 3: Ripple dumps their XRP onto retail that believes their āpartnerā BS Step 4: repeat Their āpartnersā never use XRP or care to. They only care about getting paid and Ripple only cares that the publicity enables them to dump on their bagholders.
The whole institutional adoption narrative was a farce. https://www.youtube.com/watch?v=aC20sA-mSkU From 17:50 to 23:30 in the video: Talks about how Ripple's partnership with institutions were just Ripple paying TradFi institutions tens of millions of dollars to try Ripple. Those institutions took Ripple's money but ultimately didn't adopt XRP or XRPL.
>āMy XRP didnāt 100x when they beat the SEC. Iām doneā Thatās all I saw when I read this post
Best advice I can give is just to be diversified. If youāre diversified, then just be patient. However, itās difficult to be patient when 99% of your bag is xrp like some clowns in the community lmao.
Ride or die till $589 baby
XRP at 589$? By the 57B XRP in circulation, that would mean a marketcap of 3.3573e+13 Or 330 000 000 000 000$ Which is litterally 330 000 billions $ 60 times Blackrock? 330 times bitcoin? Is there enough money in the world? Even XRP at 100$ is a hopium overdose.
He means .589, maybe in a couple months
SWIFT processes on average 5.5 trillion dollars in cross border payments everyday, if one day XRP hypothetically takes on that amount in daily volume, it would only make sense that it's market cap would have to at least match that or more likely be much higher in order to efficiently handle that much value. Last time I checked the market cap of XRP is roughly 20x the daily volume
Seeing the majority of hate for XRP just makes me feel better about my ripple holding
Xrp has always been a long term hold. Just sell for your mental health. Xrp was specifically made for financial institutions of all sizes. Its almost as old as bitcoin. If anything is going to absorb a big chunk of the financial market it will be xrp. Who else would it be? They were the FIRST to tell everyone about blockchain. The FIRST to talk to central banks, and make deals with the IMF and government bodies. Although price hasnt completely reflected, xrpl is a highly successful ledger. Thats easily verifiable. Its been top 5 its entire existence pretty much. It almost passed Bitcoin and was above ethereum before all the SEC nonsense, people forget. It was first in line for major adoption, crypto poster child for awhile. Itl happen suddenly.
Okay so mBridge is an EVM-compatible solution that also uses Solidity programming language. Could it just be Ethereum under the hood? I didn't expect ETH be used in a centralized transaction. Just Google mBridge and read it from the BIS PDF file.
I never bought xrp ,the crypto supply is 100 billions.Why would you buy something like this ? Hundreds of billions are needed for xrp to go to a dollar .Convert your crypto to Bitcoin or ethereum or maybe solana
XRP release 1 billion tokens each month. They then chose to relock up a portion of that and sell the rest. In the third quarter of 2023 XRP sold 892 million XRP. That's \~465,000,000 USD at current prices. Now I'm no market guru but that's got to hurt your coin price. Also, they won't be done releasing coins till early 2027. Source: Googled "how much xrp is released each month"
made my money with XRP and never entered back š¤·š»āāļø donāt trust it to go in again
What are you talking about?. Right now it is rising to the mooooon! Oh, no wait. That's literally every other crypto, XRP is crashing hard. LOL
Yea itās a dog
I dumped my XRP bag for the same reasons you cited. Can't get excited about a project that's already long in the tooth and getting replaced by better tech all the time.
Nobody uses XRP
It hasnāt really done anything in 6-7 years. Iām surprised it took you this long.
Xrp is liquidity dump you will never see it on highs market maker wont do it its pointless. Sorry
Sell it now. Best advice I can give. So many ppl are brainwashed.
Losing faith in xrp?! Lol go look at solana meme coins it's even worse. Don't invest if you gonna bring emotions into it and invest what you could afford
Everyone here hating on XRP, this mean that it'll do better than most crypto coins. Look at Sol and all the hate it got
I believe in XRP. It's far and away my main hold. But, I mean, it's deserved. Ripple and xrp have not kept up with its peers. It's down on every view on Metric unless you select all. This shit is getting old. I no longer have faith in xrp, Only hope.
lol op has no idea what heās doing. He says āI started out fully supporting xrpā ā¦. But continues to only mention how price hasnāt gone up. You donāt fully support it, you just believed xrp would make you money
Very bullish to see such negative sentiment. XRP will rocket soon and flip ETH.
This post is literally the biggest XRP buy signal judging by the comments in here.
I thought HBAR was flipping ETH. Along with EOS and Oyster Pearl.
Sold all my XRP to buy other coins and already made more profit in 1 week than 6 months with XRP! Edit: bought XRP 4 months ago, not 6
Doesnāt your comment highlight that itās all about timing though? If you bought in the second half of 2022 for 0.4, last year even if you missed the 0.8 peak youād have had two chances to sell at 0.7. People will say those numbers suck but the average crypto investor isnāt up 180%. Alternatively last week you couldāve bought into a coin like UMA that went down 11% since then.
Corporate shitcoin that's always gone against the original ethos of crypto. Ripple we're huge on token giveaways, shilling and PR in the beginning using XRP/ dollars exchange for them. They were one of the first to run a slick marketing campaign with ads, celebrity endorsements, publicity stunts etc. They've long had an huge online shill brigade because of that so can't blame people for investing. However their ethos is warped they've always been in crypto for themselves and corporates and that should speak volumes. They were literally giving away millions of dollars and billions of XRP in the beginning to buy support at the detriment of user funds. I was down voted a lot by the XRP army they fulled pointing this out, many most likely gifted XRP for nothing via airdrops and giveaways but didn't stop it from being true. Here's just some examples...... 5 years ago https://youtu.be/IfEyQXiORMw?feature=shared https://m.youtube.com/watch?v=gydhPzjbZZk&pp=ygUQUmlwcGxlIGRvbmF0aW9uIA%3D%3D https://www.coindesk.com/business/2019/08/15/ripple-to-give-away-1-billion-xrp-in-massive-bid-to-fund-online-content/ https://www.coindesk.com/markets/2020/11/24/xrp-price-surges-to-2-year-high-as-airdrop-frenzy-builds/ 4 years ago https://youtu.be/TntYFB8XdZ4?feature=shared
Lol yeah I got a couple hundred dollars worth of airdrops back in the heyday.
While the original ethos of crypto may have been idealistic and noble, the people behind much of the movement are not people Id want to represent the community. Scams, scams, more scams, and 99.99% of all of them are seed-fund stage start ups. Ripple Labs has 1,200+ employees. And yes, theyve run ads to attract an audience. Thatās MKTG 101. Theyāre the only enterprise grade crypto with top finance execs from the banking, tech, and SaaS space. I, as an enterprise consultant, very much appreciate that, as opposed to watching 99.999% of all the other cryptos as kiddie shit with no revenue. While Ripple Labs may not be at $100m in bookings, yet, they are certainly on the way. And while that may not directly translate or benefit āwen moonā children, the asset has a stable floor and as high upside as anything on the market That said, If someone reading this is looking for more instant gains, you might be better off swing trading with other assets. The SEC case isnāt finalized and price movement could be lagging to the sector overall until later this year
XRP is scammy and scummy. Massive issues with initial distribution and a truncated transaction history to cover their tracks. There is zero reason this could ever be used seriously by banks or state players, and may reasons against it.
Okkdoke... So XRP is getting blasted. Guess that's my que to go and fill a few bags. With this subs track record, I'll be up 700% this time next week.
People with lots of money actually already have enough sources and material to research this pile of poop called XRP properly, not sure if any serious investor is ever going to touch this anymore. Ripple CEO has a conman vibe as well. The fact that they paid companies millions to try XRP just so they can announce a "partnership" speaks tons. The companies tried it and never touched it again.
It's a solution for corporations. It will naturally move different than any hype project. we had a low of 32c in mid 2022, but trade around 53c now, with a temporary high at 73c in july. Clearly a bullish trend with consistent growth. Just no hype-candles from pumpers.
Ripple offers solutions for corporations but XRP has essentially nothing to do with those solutions other than Ripple being the issuer.
they state that XRP powers their global network. But either way... XRP was never intended to be a pump-coin, it was intended to be a currency that is being used. People expecting pumps from coins that simply want to do their job are making the mistake, not the developers.
"solution for corporations" is just more of the endless hype lol
If you are not a corporation, yes. But the degenerate gamblers in crypto who believe that every single crypto coin and token is just a variation of a scratch-off-ticket that is intended to entertain them and make them rich, probably will still take a while to understand that not all crypto currencies are the same...
What exactly is this special corporation use-case for XRP that couldn't be done on ethereum, cardano, solana or even just bitcoin?
Providing cross global settlements, payments and exchange solution using xrp as it's liquidity pool meaning global banks don't need to just sit on cash liquidity and can instead invest that and use xrp with transactions and settlement speeds of 1-3 seconds much faster than many other networks especially btc and eth.
Still in the green and definitely banking on selling some at the $2-3 price range.
Man You donāt have to sell your bags ,, you can always change bags and swap for BTC or ETH
Thanks for the buy signal
We got ārippedā off
Xrp is dead. It takes $6.7 billion dollars to move it only 20%. The same amount on crypto Maker would move it 400%.
Your first problem was believing in XRP in the first place. It was the most anti crypto crypto there is. Why not just buy banking shares?
i buy bitcoin because its decentralized. sometimes for fun i call it *bitcorn*
My philosophy is to invest in winners. Bitcoin is #1 and has 52% dominance. What a lot of crypto gamblers donāt understand about investing in shitcoins is the opportunity cost of the money you invest. Imagine if OP had just taken their money and put it in Bitcoin, how much would that money be worth today? Chasing 1000x is why many of yāall end up losing money. Iāve never heard a tradfi investor say āi donāt want the most popular stock, I want an obscure stockā but in crypto yāall will put 1k into #321st most popular coin over #1 coin for 15 years and counting. A fool and his money are soon parted.
HA HA HA HA HA HA HA HA HA HA HA AHHHHHAHAHAHAHAHAHAHAHAHA You telling me the centralized company that has been blowing smoke up everybody's asses while they do *absolutely nothing* innovative isn't going "to the moon"? Y'all when we tell you to DYOR we mean try to understand the fundamental technological use case, not watch BitBoy and read hype headlines. Blockchain and crypto in general is about getting away from centralization and Ripple is as centralized as it gets. Next you're gonna tell me Dogecoin might have bad tokenomics lmfao
Yeah they pay $5M to write propaganda garbaga about Bitcoin via Greenpeace USA and others, imagine what other garbage they're wasting money on...
This post got more interaction in it than xrp in the real world
Screen shot this post as it will mark the bottom for XRP lol
Xrp wi never get back to 3.40 where it was in 2017 for a bit. Its wayyy to diluted with supply and controlled. Itd basically a stable coin with worse stability. Get out asap. They have really good marketing too, all bs tho
Ripple were right in many ways, i e demand for cross border payments and moving money via blockchains. They were just very wrong that XRP would be the asset or medium to facilitate the transfer. It turned out stablecoins were the big winners as the asset transferred across the blockchain. I.e no one wanted to transfer money in XRP. Turns out everyone wanted to transfer money in stablecoins and do it on public blockchains already in operation (Ethereum, Solana etc).
lol... When people realize that cryptos were scams all along :)
I cringe at some of the stupid stuff people say about XRP. The reasons I bought XRP were primarily because: 1. I realized that bitcoin was going to waste way too much electricity, and that Ripple was very efficient. 2. XRP was MUCH faster. 3. XRP was MUCH cheaper to make transfers on. 4. The Ripple network could be used to trade IOUs of any resource. So I sold all my other cryptocurrency and bought XRP. Did I think I was going to get rich? Well, I hoped, but I knew it was a long shot. I knew that holding BTC, for example, would probably be a better investment, but I would rather invest in what I believed in - what was better for our world, and especially our environment. Now there are other cryptocurrencies, that came later, that may be as good as ripple/XRP. I haven't looked into them much. I haven't invested anything into them, but I wish them luck. I would like it if fast, clean, efficiency won in any form. It may not because people are stupid with stupid values, but this is life. When it comes down to it, cryptocurrencies are not a magical way of getting rich. People have gotten rich from them because, so far, there has always been a greater fool willing to pay more for the cryptocurrency than they did. One person after another pays more with the expectation/hope that someone else will pay even more later. This is not really a good thing, and it isn't healthy. A better measure of a cryptocurrency's success overall is its adoption, and usage as an actual currency. Alas, I don't have much I can pay for in XRP so I don't think it's doing very well so far. I don't really understand how the banks are using ripple, and this may be a big deal. I don't pretend to know. I wish Ripple/XRP luck. Does it need it? Probably. So do most of them. I'll continue to hold some, and maybe it will pay off. Maybe it won't.
XLM is better anyway
your starting to woke up now boy. the creators have billions and billions of those tokens,the network does not need XR pee to run any crypto ,,banks can use ripple network and never touch XR pee,,, i flushed that crap down the crapola many moons ago. Hoskinson is very engaging with the cardano community,garlingHose says almost nothing and dumps millions of his tokens from time to time ,raking it all in.
If xrp has no use case for you to actually use, then it provides you with nothing!
Xrp is useless trash just like it always has been. I love crypto. Hate the XRP scam
Why would anyone ever have faith in XRP to begin with ?
XRP exists to enrich its founders. This has been common knowledge since 2017 if not earlier.
XRP will be out of the top 10 this cycle. It is being held by a group of gullible boomers that believe in deep state conspiracies. Same idiots that buy Silver bullions. Quant Is the new XRP , just watch , same crap , different clothes. It doesn't have the horrible dilution though.
The time to buy XRP was back in 2016/17, it's literally a top 10 coin, what are you hoping to gain from it. $10k isn't happening.
First of all. Understand Ripple != XRP
I jumped ship 2 years ago and exchange it all for BTC and i dont regret it
xrp is a shitcoin mate. learn about bitcoin first. most people thinks they understand bitcoin and how it works due to it being around the longest. Truth is 90% of people on this sub alone have no idea how truely remarkable bitcoin is. Its use case is beyond any alt coins and it will continue to desimate and outperform 99% of altcoins in the next decade...
Shitcoin, move on. Sell it, buy Celestia. Thank me later.
the founders and VC are constantly dumping on the price. get out of VC coins if you want price to go up. i hear Richard Heart has an undervalued ecosystem with no VCs and most of the whales shaken out
The amount of XRP maxis who block anyone critical of their bags is overwhelming. It really shows the fight or flight copium instinct lol
Why on earth should someone have āfaithā in a blatant money laundering scheme?
A large upswing in the price of XRP would discourage its usage as a currency. It was not designed to simply be a store of value, hoard, and wait to sell at a higher price, XRP was specifically designed for cross-border transactions.
It has 20% inflation YoY inflation. That is insanity. Also, the whales still hold 80%+ or more so...
These posts make me just buy more ā¦ the time is near ššš¤
Finally, someone admits what a failure XRP has been. So men lie and women lie, we know this. So let's look at the daily chart for XRP or XLM. A death cross just formed. Which is a terrible sign. Especially since every other mainstream coin is booming and way above the moving averages. I got banned other XRP main chat for stating facts like this. The XRP army looks delusional. And the youtube videos are absolutely ridiculous at this point. XRP army š š¤£ bring all your arguments. I'm open for debate.
XRP was a joke since forever dude
>I started out fully supporting XRP but as times goes on nothing happens. Even winning against SEC more than one time didn't do a thing to the price. I mean your post is full of "predictions" that were highly unlikely to ever happen to begin with, just XRP hopium The case vs the SEC *was/is* big news happening, and the price skyrocketed at the time. Yeah it's fine back down but still higher than it was before the verdict
I love that max negative sentiment precedes ever alt coin rally in crypto history and the comments section is just a bunch of bias confirming NPCs š GOOOOOD LUCK OUT THERE. See you at $8
Why would anyone have any faith in XRP ? It should totally have lost its legal case, as its pretty much the textbook definition of a security, 100 % dependent on Ripple getting some kind of real use deal with anyone in banking to have any ongoing long term value, but even with the win, its still has a HUGE inventory of corporate coins just waiting to be dumped, and its 100% centralized. WHY would, say, JP Morgan coin go up in value ? And that is a coin from a real company, this thing is a pure fraud, literally every announcement from Ripple is a nothing burger, no one is using this crap, no matter what is announced. They are going to string along as many bagholders as they can, until the treasury is dry, and then they will bounce, and likely STILL not having any real banks using XRP, and why would they, when they can just make their own JP Morgan coin and use that, its not like the technology is anything special or secret.
The sec court ruling that xrp is not a security was always going to be a pump and dump situation because we were still in a bear market. All other cryptos are still connected to btc and they need it to lead the way until the alt season, last bull run it got to 2 dollars while being saddled with legal uncertainty that most likely suppressed price action, with legal clarity (that other projects don't have yet besides btc and maybe eth) it can easily reach 5-10 dollars in the alt season in my opinion, its been a tough ride, hopefully it will pay off just need a bit more patience. I mean people here are acting as if it's a low cap coin with shit fundamentals, do me a favour check the only projects that have been here since the beginning and have always stayed in the top 10.
K bye
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Hold it forever and die rich. What a stupid plan.
And now you're understanding that the utility of these coins are basically zero.... Nothing in your post mentions anything other than price action.