XRP future
So I have a small position on XRP, and so far I have lost an amount of a couple Macbook 16inches worth of money. I have been holding Ethereum for a while, and I am thinking of transitioning from Ether to XRP. Coinbase is suspending XRP (I am assuming that they are doing it because they want to be compliant with SEC as their IPO is around the corner). Other exchanges have suspended or will suspend XRP trading as well. This is catastrophic news for XRP holders. I believe that Ripple the company will survive because they have the RippleNet that banks rely on. But I also think that Ripple is not a truly "decentralized" entity since there is no "mining" and Ripple is a for-profit company that follows rules enforced by authorities. I feel that even if XRP no longer exists, Ripple the company will do well. Anyways, what are your thoughts on Ripple XRP? Is it bad to buy more? Or should I run away as fast as possible?
I'm trying to figure out who the hell was buying xrp at this point. I dumped it at a small loss. Converted it to BTC. Anyone buying xrp now has a mental disorder.
I would dump immediately and ride the btc gravy train
XRPBEAR 3x leverage short that bith
Crypto prices have never been about utility, the only project that has meaningful adoption has been ethereum’s defi. It’s all about market conditions, I first bought xrp in 2016 and realized pretty early on the 1 billion that was released from escrow every month was essentially a never ending IPO. That being said, I really don’t care about “the tech” and that’s why I bought xrp over other coins. Unlike other coins, you have a centeralized team of highly incentivized, well capitalized and well connected people doing everything in their power to raise the price of Xrp (including buying a large stake in money gram) I still haven’t sold a single coin and believe there will be a large increase in the next few months, due to xrp principles asking partner banks (namely SBI) to pump the price and cause “fomo” as all people that would have sold already have after the SEC news Also, people have an extremely short memory, the SEC news will be forgotten in a month and a majority of Xrp trading is done outside of the US where for the most part it’s been deemed a currency. Tesla was sued by the SEC and came out strong because of it
Hope is one hell of a drug
Hopium