Bitcoin Forum

The day of reckoning has finally arrived and this is should be liberation for all legitimate cryptocurrency teams out there. Ripple set out to create a remittance platform under the pretense of being a "cryptocurrency" when in fact, XRP has never and will never be a cryptocurrency. It's a centralized ponzi scheme that has been reportedly going on for 7 years, since 2013. I and many others have been calling out this scam for years now. Anyone halfway serious and understands crypto, knew this day was eventually coming and should be rejoicing.

To those who've been seeing XRP shills fill this board for years, in the comments and making threads, on social media and etc, just know that the vast majority of these accounts are manipulated bots and guerilla marketing teams that have been pumping their scam for years.

Altcoin markets took a very short shock, but since have all but recovered and will quickly resume their pace with Bitcoin. XRP in fact, had an insignificant impact on the crypto markets and any markets impacted will soon recover. This is a day you shouldn't fear, but should rejoice at the cleansing of scam coins from the broader market.


The biggest scam, which will cause a shock to crypto markets (for better or worse, capital flight will fly to other stablecoins and or back to Bitcoin) is Tether, USDT. This is the next monstrosity that will be targeted in the near future and will have a direct impact on all crypto, but it's long overdue. Tether prints billions of dollars and is the single most obscure and least transparent of any stablecoin, even moreso in the last 2 years when it overthrew XRP for the top spot.
 








Nice list by Tash: https://bitcointalk.org/index.php?action=profile;u=477706

I would not call xrp a scam but I do agree with the criticism that they have been facing for years and unfortunately they have not taken any sort of action what so ever to solve the issues that were pointed out as a result of the criticism. I think even now if they somehow get clearance from SEC they should work on the resolution of the critical aspects.

The thing that i disliked about xrp was that team was holding billions in supply which was never a good thing for investors and holders because they can dump whenever they want and infact they had accepted ocassionally that they sold big chunks in the market. Now the situation ahs got worse for xrp and only time will tell if they will be able to survive from here or no.

Centralized means should not be trusted with our money, even though XRP is still standing I don't think there are people who are interested in holding that coin which can be realized with the current price even when the crypto market is in a bullish state for a very long time with its ATH.

Investors of this coin will not be happy with this current bitter situation with ripple, see how price of xrp has dump so hard, I really felt for those who bought high just because of the airdrop,
Many people always sees xrp as scam project and many don't believe (including myself) because it is hard to believe, being in top 3 on cmc is not a joke.

I'm not really into technical sides of the cryptocurrency but I was curious about the XRP to be called a scam I want to know how it became a centralize and the likes, I'm pretty aware though of the USDT honestly I didn't hold USDT longer than 24 hours since I'm a little paranoid about that coin.

7 years is such a long year for a project to get exposed, if XRP is going to go down, there will be cleaning up that is going to happen after XRP but definitely XRP is a big fish and this will send warning signs to new projects that are coming out, this will have a negative and positive effect on the community and this is a news worth following and let's see how it's going to impact the market.

That's incorrect. SEC has been cleaning up the scams and corruption for ICO's that launched in 2017-2019, since 2018-ish. Did that stifle innovation and startups? No, it helped legitimize the industry further. A lot of those scams disappeared entirely. The new breed of ICO is DeFi tokens, in which will equally get hit has hard as ICO's, but is significantly more tricky due to being highly decentralized.

XRP is a major exception. They have as much authority to go after Ethereum if they chose to, but this is virtually an impossibility. XRP is not a crypto, not a blockchain, it's one big manipulated scheme to fool user's and individuals into buying and investing into their centralized scamcoin, in which they hold billions of XRP. No accountability, no transparency no nothing.



Again, XRP being sued is nothing but positive news. Unfortunately, there are many who are tricked, fooled and misled into thinking otherwise.

xrp situation is very bad but we need to wait because xrp is the 3rd highest currency in crypto market we don't be panic in the situation and don't be blame too fast I personally believe xrp will recover herself very fast in the alts bull run in the next year

These are the classic XRP shills/botnet that have been spamming these forums and all outlets for years by the way. The single most intricate and aggressive marketing agencies & individuals of any crypto.

In the longer run it will probably turn out to be positive news for ripple as well. they will probably settle the dispute with the SEC, pay a hefty fine and move on...without a big cloud of uncertainty above them.

Yeah, I do agree, and with a case right now, it's just a matter of time before it would collapse due to the pressures. I'm a old school myself, never invest on this centralised bankers coins even during the height of it at 2017 as I know that it will soon be in the government's radar and sure it did.

I do not know how XRP can escape this one though, it's either they pay the fine in billions and then never recovered from that.

Lost 40% today already. It's insane.

Usecase for pump and dump only. Not a real crypto IMO

I am so glad that this is finally happening. It could not come fast enough it will cause correction but it is something the space has to go thru. Hopefully we see more of this where people start actually looking at the technology and not just the marketing.

There is no easy money, I've seen how someone earned bug because of XRP but also seen how he has lost everything he gained. XRP is more like a HYIP in the past few weeks, people got so overwhelmed by the sudden pump in price that it showed. I actually tried to buy but luckily sell it at peak, I tried it because its one of the supported coin in my local wallet that allows me to transact free. But I have this feeling that it will be a big scam, many have lost funds and still hoping they can recover.

From what i heard and learnt about XRP. It is been described as a centralized project controlled by banks and institution as a security token to outsmart bitcoin. the developers where said to be bankers and financial investors trying get a hold on cryptocurrency and never allow bitcoin to dominate. unfortunately, they failed to clear every papers outlined for them by SEC. so sorry they are passing tru shit.

I think XRP or Ripple or whatever you want to call it will be dead soon, and we can one day talk with our grandkids about coins like bitconnect, ripple and others  :)

FYI this is not crypto but this is a quick rich scheme for Jed and his family.
This coin has no use case and so all of XRP executives are lying. This is an illegal security coin that must be taken down by SEC.

If SEC will be winning and XRP will be a illegal security coin and it might get 100% decrease and the price of ripple connect will be worth zero value.
Jed will be dumping his 200millions USD worth of ripple to the market soon. That's a scam. People should realize if ripple will be the next bitconnect.

I think xrp has pass the point of referring to it as quick rich project, this project was launched years ago and has always maintain a good rank on the cmc list, I thought the sec is investigating another project conducted from the ripple lab and not xrp, xrp as a project id not the problem here but ripple as a company is.

Being a scam is not a Ripple's purpose. I believe that they have a further strategy to develop not just the company but also the blockchain in order to make the world better. In the past, many banks decided to corporate with Ripple to find a better solution for online payment as well as improving the speed of transactions. They have so many advance which we can not deny in a day with such an enormous FUD. If ripple survives after this event, it will become an even stronger cryptocurrency

Well, maybe XRP is not scam, but I've never trusted them because of very centralized nature of their project.

A lot of people suffered massive losses after XRP price surged due to the recent airdrop snapshot hype. I've been seeing posts on social media about the news on SEC having XRP sued. I wonder what will happen to XRP since this had been the greatest threat that had hit it which could literally end its reign as one of the top coins in the market cap. I am still waiting how will XRP rebut on SEC's accusation or if it can even make a come back after this news came out and tarnished its reputation.

Damn! is this the reason? https://edition.cnn.com/2020/12/23/investing/ripple-sec-lawsuit-trnd/index.html

I think we've seen some projects in the past that was touched by sec and they never recover anymore.
Today I was surprise that XRP was the biggest loser in the market, currently down at 35%, and I think this is really huge, and it's trading volume is big, probably people are already panic selling.

What would happen if XRP will be erase in the market? Will it affect bitcoin negatively or not?

I think they're so much frustration out there. As per report, Several Crypto Exchanges are going to surge Delist XRP to avoid further legal troubles. Whether news is valid or not but definitely this sounds bad. It's a panic thing to all Hodlers, and this lead to make allegation over XRP I guess.

I was expecting this for sometime. It looks like the promoters are also dumping a lot of XRP in to the exchanges. If you check the 24-hour trade volume, you can see that this figure is around 175% of that of the total market cap of XRP. Now taking in to consideration the fact that 80% to 85% of the coins are being held by the promoters, it is clear that this much trade volume is possible only if they are dumping at least a part of their holdings.

Are you sure that it's a threat if team hold large supply of their coin or token? I believe that if XRP team let go of the percentage they are holding the value will go way down, even if I'm wrong it still doesn't change anything, there are many coins in crypto space that the team hold limited amount but the project still failed or turned scam

To me XRP isn't bad for some reasons

1. XRP have been criticised for many years and still alive today
2. It maintained it's position on coinmarketcap
3. XRP still brings good profits to all it's investors and that's all that matters
4. XRP is a old project

Whatever happens or whatever is going to happen to any project it's never going to be on a smooth road, challenges will arise and it's just XRP time to face another, this doesn't mean it's over, moreover I only invest what I can avoid to let go, that's the most important crypto investment rule  :)

XRP may be considered as cryptocurrency but its not typically decentralized - its more on as centralized crypto under the management of Ripple (the company behind it).

Well, i guess we wait for their response regarding the filed lawsuit against them. But, obviously with this negative news; price will soon to follow.

The Ripple is all around the news and many says scam I was thinking about your title you said 2nd Biggest Scam what could be the first? The USDT? well I think it's a matter of time before many people could see it.

It seems to be the true story in the future. What will be decide the future of ripple will be the result from the court. SEC was taking the ripple to the court and this will be a very big battle between billion dollars platform against the regulators.
With the goes of time and we will be seeing the result from this case. I will never try to hodl ripple and it looks like there are lots of people did the same too.

Why didn't you say this a long time ago? even though this XRP token has been in crypto for a long time, so if you say this when you have lost 40%, I think you are too late, because the pump and disposal of a token is because of the effects of others, not the cause of their own development team, because when token enthusiasts start to be afraid to hold it, people will immediately throw it away to avoid the risk they have to bear.

Any surprise that most of the shills and defenders of XRP are shitposters with zero merits?? Compare them with those who have been saying for a long time that XRP is basically the traitor of cryptocurrency and the big daddy founder of all that went wrong with crypto ecosystem. Those slick and devious salesmen on the helm have been selling XRP to the general public by paying exchanges to list them. Next they benefited by having retailers be conned by the "low price" bias.

Newbies jump into XRP thinking "ohh, so low". There are idiots who think that it will someday go to 100 or even 1000 dollars. All while never doing the research to realize that these people actively dissociate themselves from XRP by calling themselves as promoters of "Ripple platform". I am sure that as the lawsuit keeps rolling in, Garlinghouse and co. will simply say that XRP is not their main concern but their business is only about promoting the "platform".

This is because they have been selling XRP to partners for a long time making a killing (600 Million dollars). All while the idiotic shills buy into their scam.

When during November 18 - November 24 Ripples price went up from 30 cents to 70, why nobody spoke about Ripple being scam? I remember how topics with names “Ripple 1$” and other appeared. People were so happy about growth, spoke a lot about ATH. But now some of these people accuse Ripple of being scam due to sec price drop. Funny.

You didn't read the topic of the thread, you only read the clickbait title. FYI, you're commenting in this thread about something irrelevant.


This type of careless posting is why the entire altcoin discussion section has turned into a sub-forum of useless spam (it was always spammy, but more than ever since about a year or two ago), with gem threads quickly getting buried by the same five subjects everyday. All to promote your signature that nobody will ever-click and so you can make an extra $0.50 per week.

I think ripple and xrp should be given a chance to present their stance and let them clear the company from the allegations if they can as this would be the best scenario for community and crypto market, otherwise it will damage many other projects as well and we would be seeing more such actions from SEC.

It took SEC seven years to file a case I believe it's airtight case, all these times they are just gathering evidence so they can pin them down Ripple could be out in a few months, and holders who are still holding should brace themselves for the worst and they should get updates on what's happening on their beloved coin.

There is a thing called as "sunk cost bias". Its understandable that people who have bet money on XRP will continue to keep hope. This hope serves the purpose that you can get out of XRP while there is still time. Once the exchanges start pulling the plug or start getting summoned to explain, the downfall would be quick.

For those saying that XRP should get to defend itself, give one argument as to how a 100 billion premine of a centralized coin, sold to gullible retail buyers by onboarding exchanges and false marketing is defensible?? Not even the shittiest of coins do that. Even they have these rules about only a percentage share going to founders (at least, on paper).

"This is a day you shouldn't be afraid of, but you should rejoice at getting scam coins from the wider market"

I really like this point. one by one we see that big projects can end in fraud.
and over the years we have been fooled by their project, without us knowing that this was a big case in the history of the crypto industry, where Big Project ended up being a Scam.

but I feel sorry for some holders who did not have time to sell XRP before this Scam was revealed, but there are also those who bought it when the price was low. while we know that XRP is in big trouble.

I want to see the latest updates of this project, I will continue to monitor and see how the CEO of Xrp responds to this issue  ::)

Yep, USDT will destroy the market if it gets shut down.

---

Anyway, if you check the market, XRP went up 30%! I don't think it's a dead cat bounce since the crypto market is so irrational. If the US Government is strong, theoretically, they could wipe scammy projects. But, they are in a bad situation right now, so we have to wait for the purge a little longer.

Is XRP really a scam? I will doubt that. The major concern of the crypto community is the centralization which goes against the norm of the blockchain revolution. let's see the end of this lawsuit before we conclude. Anything as of now will be hasty.

I agree with you, but the fact that the ripple is now so big I agree with you, but the ripple is now so big that it is now influenced by other laws. I mean the example "Steal a dollar and you are a criminal, steal a billion and you are no longer a criminal".

Something similar happens today with Chainlink, also with Verge earlier and many times lately in politics. XRP shills were sometimes catching many idiots that followed these shills thinking this was doing good for their investments and grown this scam too much. Usually, you will find these shills right at the top price, when the whales or the devs that run this shitshow want to dump. I'm more interested in the total collapse of the centralized Ripple shitcoin that had a sole purpose to create a diversion from the real investment that is Bitcoin and made so many people lose their money and their focus which should have been Bitcoin.

While we all know that Ripple is not decentralized, we can say the same for most altcoins. I don't see the decentralization level of Bitcoin in anything and this is what powers it. Anyone that claims we shouldn't speak of Bitcoin being decentralized should know that all other centralized attempts are failures and just have Ripple as an example. The only centralized currency a government won't harm is the one they create. e-Gold was shut down. The reason was centralization. A government could shut it down just as they can with Ripple and XRP. The real power of Bitcoin is decentralization.

the XRP army was reborn and the price went up again by 40%. as long as they have this army the people who let themselves be fooled by the wave will be the most affected and will accumulate a lot of losses and all because many people believe that one day the price of XRP will reach $5 and that now it is cheap, I already I saw a lot of comments about it

XRP price just surged 40% in a surprise relief rally — Here’s why (https://cointelegraph.com/news/xrp-price-just-surged-40-in-a-surprise-relief-rally-here-s-why)

The fifth exchange stop trading now
https://twitter.com/Bitstamp/status/1342506058397474822
https://i.imgur.com/Fz7l9As.jpg

Do i hear you said if they are file they will pay and everything will be fine?, i don't think same becasue of the their offenses(operating illegal coin and called it cryptocurrency). If they are to be file Billions of dollars will they still go ahead with the project?, i mean on a long term. They may be trying their tricks as usual but within some time frame they will collapse completely IMO.

Purchasers could argue they purchased XRP under false pretenses and can demand refund if XRP is found to be a security.
If it is a security = bankruptcy.

The XRP dump we've been seeing over the past 7 days is not related to the Ponzi scheme allegations, but to the SEC's statement about the sale of unregistered securities in the form of XRP coins to Ripple and its management. It should be recalled that in 2015, the US Department of justice and the Treasury Department stated that XRP is not a security, but a "convertible virtual currency". I think that this opinion should be taken into account by the court when making a decision on this case.

this reminds me at Bitconnect, but I still can't say that Ripple is also a scammer,
yes even though they are investigated by the SEC, but Ripple still has the possibility to refute the allegations,
I'm sure XRP will win and the price bounce to $ 1 and more.

To be honest I still don't believe XRP will be in the situation it is now, I'm sure the XRP developers are under pressure right now. Because if
they lose in court I'm sure XRP will be delisted from many exchanges and this could turn XRP into dead coins. Therefore, I have never believed
that centralized coins like XRP, which are supported by many banks, will indeed be very prone to scams. Let's just wait for the results of the trial,
if the SEC succeeds in proving the charges, XRP is certain to die.

https://twitter.com/coinbase/status/1343685626001039360


Coinbase will be suspending all of XRP trading on January 19. it's very good to see that the biggest scam in crypto industry will be dead. There will be a huge waves of dump come from the ripple holders.
Ripple will worth zero value soon. how do you guys feel about that? it seems to be a real thing.

Sec had to come at exactly the right time. Even though alot of us aren't comfortable with the way it works. It's simply evident that xrp isn't a cryptocurrency. Am patiently waiting for more that will exposed.

it's not only passed but this is a complete quick rich Ponzi scheme. Coinbase, bitstamp, crypto.com will be halting XRP trade. this coin will worth zero value. Sell now or regret it later and that's the only choices that owned by the XRP holders right now. The volume will be decreasing so hard.
Despite being called a security token and this coin offers nothing other than bullshit promises. All of the fund, profit and anything went somewhere that no one knows where was it going on. Jed's family was always creating some quick rich schemes.

I'm not sure what would happen to those custodial wallets that are accepting XRP as their currency. Like in my country, they accept it, and it seems to be still operational. I'm hoping that it wouldn't be the case that it goes to 0. I wouldn't hope for USDT as well to become unusable and no value. I hope that everything would come to great terms for everyone. Some people rely on it, but I guess it's just going to be their lesson once it happens.

Is there any statement from the banks that are linked to XRP?

Before I do not believe that XRP is a scam for it was a good coin. But if you can see the market of XRP from the past having 4$ per XRP recorded as ATH way back on 2017 was really good. But the coins continuously fall down even if community pushes the coins up by continuing to invest in ripple. This centralized digital currency shows a good example of being a bad digital cryptocurrency.

Totally wrecked after this new announcement coming from coinbase.

The declined with the value keeps on moving downwards and expect that this action from coinbase will follow by  other Centralized
exchange, investors are now risking their money if they choose to keep their assets and wait for another bounce back.

SEC can sue any coin and this not make it scam. We should just accept that fact that sec can control crypto market too. At least, they can affect the price

They have no choice, same as bitstamp or any other exchange, if not they will face fines too.
That this known scam if finally dealt with was surprise christmas present.

In my opinion the big problem at the moment for altcoins is to prove their theories and prove why investors and supporters should invest in the Project. The SEC has carried out a major operation to check whether the XRP complies with regulations to maintain a healthy balance. I believe it's too early to fully define this type of situation, but the figures show how news like this affects large valuations.

The hate toward XRP has been around for quite the time but SEC suing XRP will let us know whether the accusation turns out to be true or not. SEC suing it doesnt mean it scam until proven but its a red flag for us and a clue to whether invest to it or not.

You should learn about the guidelines about issuing the security coin from SEC rather than try to talk BS about what you didn't understand about that. SEC was not blatantly suing any coin.
Bitcoin and ethereum will never be sued by SEC as it's fulfilling all of the requirements by SEC. It's not about controlling the market and that's a non sense thing.
You should visit SEC's site and learn more about that.

I know that behind all of the controversies that Ripple faced throughout the years, they still have a very large community supporting for them and the coin itself.

Now that they are facing a huge problem right now include also the fact that they owners are owning a huge majority of the supply of it, the trust to this coin will go low to the point that only the people who really really trusted this coin will be the one who will left. Is XRP a scam?? Too early to tell since they are still fighting for their problem right now but if they lose then we might say that it really is a scam. Same with Bitconnect but in a different way :D. A more professional way of scamming investors :D.

You can check the posts that I made about XRP many years ago. I have always tried to warn newbies about XRP. But the problem with scam projects such as XRP is that they are very good in spreading their propaganda through social media. It is easy to convince the new and inexperienced users to invest in such projects, promising sky high returns. Anyway, the results are there for everyone to see. The XRP prices have fallen from 3,600 Satoshis to around 800 Satoshis in just one month. I sympathize with everyone who lost their money in XRP, but you guys were warned.

Those communities were built up and grown to help the adoption, expansion and pumps and dumps of Ripple. I believe that everyone who were in crypto market in the 2017 or 2018 would never forget the exponential pumps of XRP. It is the days when everyone saw the potential of XRP but sadly that they mostly stucked at the all time high of XRP.

Weeks ago, after many weeks of gradual falls, the coin bounced back and created hope for their communities. The lawsuit were released and seeded to destroy all short-term gains of the coin.

I think Ripple is risky as its centralization but to say the one is scam, I don't agree with you. You can call it as centralized cryptocurrency and consider their developers as liars if they seeded wrong term and usecases for their coin as the lawsuit pointed out. But they are not scammers in term of language and accusation, personally I think so.

The issue no-one reads a post this days, everyone just "thinking". Checking 3 times cmc, yeh still there that's good enough. Not in a million years is that number reflecting the market value of xrp, pure junk and a scam to catch the easy fool.

https://i.ibb.co/DLZ3zBN/Untitled.png (https://ibb.co/jHS7bCd)

It is even more terrible to see the current condition of XRP, imagine that XRP has lost 70% of its market cap after the SEC accused XRP
that its security was not registered. Even Peter Schiff also commented on Twitter regarding the problems that XRP is facing, if XRP loses
in court it will end. Although I am not a supporter of XRP I am a little convinced that XRP is able to prove that their suspicions are wrong.
Because it is impossible for the XRP development team to let its 6 years of hard work go to waste, especially when XRP has the support of
many large banks.

This is a really biggest scam in history, I saw a video about the XRP scam about 2 months ago, and it was true.
but why did the price of XRP not immediately drop to the bottom, why are there still people buying it ??

In a strict sense, I may agree with you that it can't be classified as an all-out scam. But consider these facts - XRP had almost a 100% premine. The promoters still own somewhere between 80% and 90% of the circulating supply (either directly, or indirectly through firms such as the Ripple foundation). The promoters created an artificial scarcity, by keeping most of the tokens away from trading. This helped them to inflate the exchange rates, and the market cap. These practices would be illegal, if XRP was an equity and the trading was done through a stock exchange.

Tk808, i must say loudly that i am proud of you!
I think that you can remember me, you gave me a couple of merits in the past that i really appreciated so much. I wanted to say that i had all these ideas you wrote in my mind since a long, very long period of time and what really drived me insane is their relations, they have powerful relationships and they even reached Moneygram, who the hell can get in touch with such a big money transfer association? That wasn't a normal move at all, they got a helping hand from that company that i always have hated it, Moneyshit.
These are giants, whales having thousands and thousands of united states dollars wanting to move them and make more money using their balances, so they went up and created Ripple, i used their system a couple of times in the past but what really made me scared is the trading graph back in 2017 and 2018, it moves insanely in the levels of 10 - 5 cents normally, they have a huge number of circulating shitty coins with alot of investors ready to grab a profit anytime that's what explaines the huge trading volumes and the huge price movements. I really never trusted Tether and the company behind it, they are the main reason why BTC is pumped so fast, they are not worth the trust too. Keep being safe guys and never, never, ever deposit alot of money to their system. Use them for low-fast transactions, be safe, please.
68% sell decisions in Coinbase for XRP, people are afraid!  ::)

It's quite strange not to see the condition of ripple like this but there are still many people who buy it,
do these people not know about this news?
and for now I wonder what will happen to Ripple whether it will end like this or survive

They were able to rank in a good position in crypto world so I cannot fully say that they are scam base only to what you have written here, I am not trying to defend the XRP team as I didn't care much about them especially that their price is in bad position as of this moment and I am not that fan of XRP also.

What will be better is to disclose a valid and solid evidence that XRP is 100% scam and is a centralized ponzi scheme that is running for several years already so you can give a concrete allegation here that can be address to all the XRP holders and also to XRP team.

XRP is not a scam project, I will never believe such accusation, over many years now XRP maintained good value and with huge max supply too, if this is some new projects today the value would have dumped, also XRP won't make it to top 10 If it's that bad, whatever happens I hope this project will stand up again and surprised all the haters

If they are scam they will not have a good partnership with many remittances around the globe such as MoneyGram Western Union and many other company they have even have different partners from Japan so I don't know the reason why they end it like this when other country that like technology use it already. It's not the end we can see bright future of it if they will move to other country and forget about US investors .

You mean, all centralized exchange platform must not be patronize? how about Binance, Kucoin, and more that are asking KYC,  those are centralized platform isn't that right? And As far as I heard about in XRP where up to now still they are facing some issues, in which I think its not good to buy or hold for the long term about this coin of Ripple it was really not a goo time for it, probably when the issues is done, perhaps I could say they can continue invest in it again.

It will be wrong to compare cryptocurrencies with exchanges. With exchanges, you always have a choice in using the Dex sites and P2P platforms. All that said, investing in XRP doesn't look a wise decision now. When investing in cryptocurrency, I always respect one of the golden rules - don't try to catch the falling knife. It's price has fallen from 4,200 Satoshis to less than 700 Satoshis in a matter of few days. It will go down even further in the coming days. You are going to regret, if you make an investment at this point.

I lost count of all exchanges closing  or running away with other peoples money.
Not your keys not your property.
KYC another scam before sending anyone all kinds of personal data it needs to be established who will get to see it and have access to. Also any new person needs to be approved first.
Know who you deal with is first step. A legal contract requires at least two willing parties.

XRP price is pure fictual, not atached to anything, as only one company is selling they sell at what ever the can get away with. The few million coins in traders hand dont matter.

Bad news for XRP after investigating by SEC and know ripple position on coinamrket cap take by litecoin, I think waiting few days later for ripple delist from all exchange market and become bad reputation for ripple have good position on exchange market should delist. Many investigating with ripple project become how this coin not recommended to buy right now because almost exchange have stop working for this coin for deposit, withdraw and trade, just waiting when available your ripple coin could be sell and you should sell all.

As you can see from the prices of the altcoins, you could definitely understand that people do not lose hope from altcoins, thye just lose hope from XRP and that's it. All other alts have gone up in recent days while only XRP goes down, which is enough proof that alts are still in a bull season and increasing like crazy while XRP goes down. Which means people finally realized that XRP is a centralized and bad project and they should stay away from that while they still love crypto and what it stands for.

I hope that they do not end up losing a lot of money with the other centralized currencies because there are a few that they invest into, but I believe it is not going to be something they will acknowledge themselves before something major happens like it did on XRP. I said XRP was too dangerous to invest way before this happened but nobody cared, now they see what I was talking about. Crypto is good, centralization is not.

Well the only good thing to say about XRP is that they understand the best way to make a cryptocurrency scalable is to give the middle finger to decentrality and trustlessness.

Thanks for the good laugh. XRP and scaling, it just proves you are as clueless as they come or swallowed the xrp turd hook, line and sinker.

https://bittrex.zendesk.com/hc/en-us/articles/360054838991-XRP-Market-Removal-January-15-2021

"Bittrex will remove XRP markets on Friday, January 15th, 2021 at 4PM (PST).

The following markets will be removed:
• BTC-XRP
• ETH-XRP
• USDT-XRP
• USD-XRP"

"Thus, at the time of writing, the following companies have imposed restrictions on XRP trading or suspended support for a digital asset:

Bitstamp;
Coinbase;
OKCoin;
Simplex;
Galaxy Digital;
Jump Trading;
Coinmama;
OSL;
Beaxy Exchange;
CrossTower;
Bitwise;
B2C2;
21Shares."

https://xrp-buy.ru/kriptobirzhi/izvestnye-birzhi-prodolzhajut-priostanavlivat-torgovlju-xrp-no-est-i-polozhitelnyj-moment/

His word holds truth but it's definitely wrong for centralized exchange. These centralized exchange obeys the law and providing us services meanwhile crypto that's supposed to be our "new" currency shouldn't be owned by anyone. Just imagine if bitcoin was owned by satoshi and he could creates btc out of thin air, do you think btc will be this relevant like it is right now?

Are you saying that it might be that my first dive into crypto is going never come up to surface?
I just bought XRP for 50EUR :D
If all what you say it's true, I won't be sorry as I really think 50EUR as self training in crypto and trading it will worth!
I would have loved to buy BTC but not at today's price...

My local exchange have begin announcement for delist ripple and become almost exchange have giving schedule for listing this coin, last announcement from Bittrex have update will delist ripple coin on 15th January, I think almost coin only Binance exchange keep waiting what happen between SEC and ripple for clearly problem delist or not for ripple coin. Many people have ready loss much money after investing with ripple and look not get good news after investigating by SEC.

I can convert it anytime in different crypto, I'm still in learning phase so it's not a regret having such purpose in mine.
My long term holding will be BTC once it'll drop at a convenient price.

the mistakes you do you can accept as lessons in the future. it is like that sometimes in investing, we must be really prepared if this has happened. Plus nowadays many exchanges announce that XRP will be deleted like bittrex and make prices dump, you should immediately secure your funds before it's too late.

Speculators of this coin won't be content with this current severe circumstance with swell, perceive how cost of xrp has dump so hard, I truly felt for the individuals who purchased high on account of the airdrop,Many public consistently observes XRP as trick project and many don't think since it is difficult to think, being in top 3 on cmc isn't a joke.

I think I just made my first earning! I just converted now the XRP I bought earlier today to USDT and I see about $1 profit...it's kinda funny as I have the feeling is pure gambling :))

If it's true, whatever you are saying then it should be rejoicing in the cleansing of scam coins from the broader market. This coin will be a step as soon as possible about their coin in regards of huge investors. At this critical moment the coinbase has published an article in it's social network and Ripple has clarified some instruction about XRP transaction. So, I hope everything will be finished by the happy ending.

The thing with XRP is that they started illegally as claimed by US SEC.  They represent themselves as security yet they did not register on SEC reason why they are being sued.  How can you differentiate fraud and scam? 

For a long time it was possible to make money on investments in XRP, but unfortunately this time has passed and now the price of XRP is falling and falling and soon XRP will not be traded on any top exchange and perhaps this is the end for XRP, or perhaps not, so we need to wait a while and it will already be visible there.

Its obvious you have an agenda. Did you lose big on XRP at some point? Can you explain to me HOW XRP is a scam coin? All I hear is scam this scam that but nobody presents any evidence. You do know that the UK and all other countries accept that XRP is a currency and not a security yes?

You are too early saying this. It is a top coin, I don't think XRP will too easily become a dead coin. Someone ever said that XRP is still can be alive even it has no owner. Also, it very possible if Ripple to be acquired by a new owner and he fixes all the current problems in Ripple. So, don't judge too early, mate! We are better to wait and monitor first what to happen in XRP (Ripple).

>All I hear is scam this scam that but nobody presents any evidence
>>100% premined coin.

IS THERE ANYTHING ELSE SIR

edit:  USDT is also a major scam, my memory is rusty but exchanges/services run by somewhat shady people ( in the eyes of the gov ) were cut off from international finance and their shady bank accounts in shady banks.  Therefore they created/used tether as a substitute to actual USD and thus imagined themselves free from all those above problems.  IF people cannot withdraw and deposit "real" money then how can you pump and dump?  You cant.  So they literally pumped the market with imaginary USD.  

>Tether admitted that some of their "cash equivalent" reserves included holdings of bitcoin.  They have also put out garbage statements about reserves that, in legal terms, say absolutely nothing.

Do I actually need to continue

I am not a big fan of XRP but i will not call them a scam but it was an experiment and the product was successful as it was able to attract investors which was evident when the price started rallying and when you hear a verdict by the SEC you cannot come to a conclusion that it was a scam as majority of the projects in existence was an experiment of some sorts.

Lets look at some of the facts of this piece of crypto junk
    • Ripple Inc sued by xrp investors and process ongoing
    • Ripple Inc in trouble with SEC
    • Ripple Inc have previously been fined
    • XRP validator operating nodes transmitting money without a license (will have legal issues at some stage)
    • Marketcap is wrong, the real Marketcap is the sold XRP for which tax has been paid for
    • xrp genesis ledger is Number 32570 and not 0 like any proper coin
    • Ripple Inc has contingency plan to become a software company if xrp fails
    • Contract agreements only affect Ripple and have nothing to do with xrp.
    • From  technical perspective a single xrp works as well as 100 000 000 000
    • It is 100% centralized as one company and only one company sells and controls all supply
    • Banks have and will make the own tokens (Banks dont pay fees...they collect)
    • Only a handful of people hold third of all XRP
    • Ripple gifts XRP's or bribes “partners”, crackpots sent money to get some
    • Circulating supply has decreased from time to time, what a joke
    • Out of thousands of coins only 2 have ever been hacked (XRP, XLM)
    • Dev was gifted 1 Billion XRP for loosing part of the database (ledger 1-32569)
    • XRP cant scale (the hardware just simple is not up to it)
    • Ripple manages are a massive financial burden (overhead)
    • Ripple INC investors and XRP gamblers are at opposite ends, (one provides the money for the others luxurious lifestyle)
    • Hostile takeover, yes possible with Ripple Inc
    • 50% of circulating supply got released on a single day August 2014
    • Genesis time stamp 1.1.2013 (can we have a giggle)
    • How much does it cost to make a XRP (the real price of a product)
  
Satoshi more than a century ago https://bitcointalk.org/index.php?topic=57.msg415#msg415

Selling an ordinary apple for $100 is a scam


Legal analysis about why XRP is in serious trouble:
https://howeyfeeling.medium.com/what-the-ripple-complaint-tells-us-about-ico-tokens-afe3c36f100f


Edit:
Yearly inflation (Technicaly it is not, but its a endless sell)

Date		Supply		Increase		Inflation
2013-12-29		7 817 889 792
2014-12-28		30 978 075 200		23 160 185 408		296,25%
2015-12-27		33 537 439 933		2 559 364 733		8,26%
2016-12-25		36 003 596 482		2 466 156 549		7,35%
2017-12-31		38 739 144 847		2 735 548 365		7,60%
2018-12-30		40 794 121 066		2 054 976 219		5,30%
2019-12-29		43 319 477 613		2 525 356 547		6,19%
2020-12-27		45 404 028 640		2 084 551 027		4,81%

Average last 6 years is 6.59%

In this case I agree with you that in fact XRP is not a coin scam, but the current demands of the SEC seem clear that the two CEOs of Ripple, Larsen and Garlinghouse, are storing and selling unregistered private XRP for a total of around US $ 600 million and of course This violates securities regulations and in the SEC lawsuit says that Ripple has raised more than US $ 1.3 billion through digital asset securities offerings and it is these many scandals that will make XRP sink faster.

I dont think the xrp should be called scam however the CEOs of it must answer all the intrigues and accusation about them to clear things for ripple because of the fact that these two CEOs are selling xrp which are unregistered that makes ripple in the midst of scandal. But I do believe that after this SEC lawsuit xrp will rise once again.

yepp, they're not a scam, and what they've done to this market is getting a lot of attention. Through this incident, most people have blamed ripple but i think they are doing everything to stay in this market. Anyway, iam not happy with the events that happened in the past, it cost me a lot of money.

They are not a proven scammer as of now since there is an ongoing lawsuit against them but it doesn't mean that they didn't commit a fraud. Stop being a solid fanboy or fangirl and look at the facts available. Ripple clearly violates the law that's why SEC is attacking them, If they are really clear of violations, They should not facing this trouble at the first place. Think straight and trade safe. Its better to avoid XRP for now..

Currency? seriously, are you joking or what? I never heard that before. Despite to be called as a currency but ripple is claimed itself to be the next payment channel system like VISA or MC.
XRP was running an illegal securitu token offering and that's clearly stated by SEC. You should watch the document that already published by SEC. FYI it's on US and it's not in JAPAN, UK or another country.

Even though I am not a supporter of XRP, I don't call it a scam as long as there is no official decision from the court. But it is better to
temporarily avoid trading using XRP, this is a safe step to take. Hopefully the court results regarding the charges from the SEC against
XRP can come out soon, so that there is clarity regarding XRP. What's interesting is that if it turns out the SEC failed to prove its allegations
in court, this could make XRP prices skyrocket. No wonder there are some people in a situation like now buying XRP, even though there are
enormous risks.

No Im not joking:

From Brad Garlinghouse himself at 2.28
https://www.youtube.com/watch?v=KKmjGV6T4IY (https://www.youtube.com/watch?v=KKmjGV6T4IY)

"XRP was running an illegal securitu token offering and that's clearly stated by SEC." in their opinion which has yet to be tested in court so no one can say XRP is a scam or a security until all the facts have been presented in court.

Also the DOJ and the DOT in the US view XRP as a currency.

Morons everywhere, its like interviewing a bank robber if he did rob the bank. Media totaly useless nothing more than propaganda outlet.
XRP is nothing like Bitcoin or even Ethereum for that matter. For starters there is not a single miner providing all coins.
Bitcoin or other crypto is none of this ether, the sooner this junk is dealt with the better for crypto and everyone.
https://bitcointalk.org/index.php?topic=5302931.msg55993973#msg55993973

No, it is not a scam coin. SEC stated it is a scam coin because they break the rules, but we know that a crypto coin is a decentralized coin. It means basically crypto coin doesn't need to be regulated by SEC. The problem is the response from the owner of XRP seems not really clear. That makes too many speculations now.

yes that's why it makes me confused.
take a look, now many exchanges are planning to suspend trading for XRP such as coinbase, bittrex, binance.us and others.
Currently buying XRP is very risky, we'll see what happens in the future.

Well said! Finally, XRP is a dead coin and people should get out asap.
Garlinghouse is a greedy retard and luckily for everyone else, nobody doing legitimate business will work with him again. He has lost his credibility (to be accurate, he has lost it long ago but people still partnered with him for own profit).

I hope people start reviewing coins more carefully, a large part of the crypto community called out Ripple's shitcoin frequently, the list provided by Tash (https://bitcointalk.org/index.php?topic=5302931.msg55993973#msg55993973) above is very useful.

And don't get fooled by Rippletards shilling XRP even after Ripple Labs has failed completely.  ;)

I actually sympathize with the average XRP shiller. He is generally one of those from smaller countries who bought into XRP thinking they are the only legitimate business in crypto. Mainstream media played a role by always showing XRP besides Bitcoin. Yet, those in the community have warned about this for long. Like @1miau so eloquently stated:


Garlinghouse basically saw this huge opportunity to sell the soul of crypto with this terrible bastardization that claimed to cater to "Banks". While crypto was being hailed as power to the common man and as a tool to make governments, corporations and central banks reconsider themselves, people like Garlinghouse were busy taking advantage of it. He is amongst the first of the slick business-people to have afflicted bitcoin and crypto in general with their greed and short sightedness.

The basic question isn't just about whether XRP is a security or not, the SEC has made public the dealings that founders had to sell an unlimited supply of XRP they controller to "investors" (which were exchanges to begin with).

For those of you still holding on to it, sell and exit before it gets delisted from every possible exchange. Don't rely on Binance. CZ is the kind who will sell and let it trade till he can collect the fees. He doesn't need to comply to US regulations but he will not lift a finger to save any of you poor sods who regularly buy his shills.

Tether is another one that a lot of people have been talking about. It’s quite strange how these scammers keep mingling themselves among the originals. And it’s quite sad that a lot of people are not aware of how bad these coins are, and I wouldn’t even blame those people who mention them, it’s not all of them that are bots or paid guerrilla marketing teams, some people usually think that any coin that is on the top positions like the top tens or twenty are a good options, so they are rushing into these scams without knowing it at all. That’s very bad. The one of Tether is the one I know very will that will hit the cryptocurrency market badly.

Your post immediately caught my attention because I had already read it on the forum. And as it turned out, I was not mistaken, it was your re-publication of your message, which was posted earlier in another thread: https://bitcointalk.org/index.php?topic=5303069.msg55976167#msg55976167 (Archived: https://archive.is/zKyq3). Double: https://archive.is/1tcRN You do not need to do this, because it is a violation of clause 12 of the forum rules.

And where is there a duplicate post? Different posts link to one post to you know how many ṕost link to satoshi quotes
For crypto to move forward it must free itself from known scams. A bad apple....

That thread should be locked anyway: https://bitcointalk.org/index.php?topic=5303069 (no post in 10 days)

Grayscale says it will dissolve XRP Trust, citing market reaction to SEC lawsuit

Digital asset investment firm Grayscale is moving to dissolve the XRP Trust — a move that comes days after it announced the liquidation of XRP positions from its Digital Large Cap Fund.

In a press statement circulated Wednesday, Grayscale cited the decision by the Securities and Exchange Commission to file suit against Ripple last month, in which it argued that the digital asset XRP is a security under U.S. law.

"In response to the SEC’s action, certain significant market participants have announced measures, including the delisting of XRP from major digital asset trading platforms, resulting in the Sponsor’s conclusion that it is likely to be increasingly difficult for U.S. investors, including the Trust, to convert XRP into U.S. dollars, and therefore continue the Trust’s operations," Grayscale said Wednesday

https://www.theblockcrypto.com/linked/91085/grayscale-xrp-trust-dissolution

Here's our legal analysis about why XRP is in serious trouble:

https://howeyfeeling.medium.com/what-the-ripple-complaint-tells-us-about-ico-tokens-afe3c36f100f

XLM, NEO,Dash..... lots of coins to look at

looking at the current price of Ripple is indeed very dump, but maybe this could be a game for big investors who make the token go down out of control. but if we can put a capital maybe around 100 $ and buy it now in the future I'm sure the price will be back to normal.

Of course, ripple can be a fraudulent project, but at the same time it is a hype and highly volatile instrument, I think you can risk a small amount in ripple if suddenly they no longer have problems with SEC and the coin is propelled

We can even analyze the news about the legal actions against XRP but when analyzing the XRP market it has the third biggest strength and with a daily volume of 5 Billion and has a tendency to increase and fall but this is relative. The big question is why don't the market and offer values drop permanently? Why are there strong hands holding XRP?

Something to reflect on.

what actually happened to XRP, why is this. can anyone explain why this happened? I always find out what made this project fall, even though judging from its age and long journey why it could make many investors who joined this project lose big. I hope something like this doesn't happen to other altcoins again!

Chances that whales knows something behind, it's really interesting to know what are those information that keeps this big bag holders to continue buying nd holding this coin despite of SEC issue.


The tendency that the team is capable in resolving the problem is very possible, if money will flow there's no issue  can't be solve if working hands takeover.

It's a matter of how willing you are to take the risk riding with those investors who continue to
trust this project and still hoping for a much bigger bounce up.

It goes a little bit over the top to call xrp as a scam Inna single word.
He they have done some bad practices but that is a nothing unseen. I am not supporting the bad practices in any way but you just can't simply call it a scan.

Selling a ordinary apple for $100 is a scam in most peoples book, that is exactly what Ripple is doing with xrp.
Years ago before they had investors they did it directly as it is illegal they now do it with the middleman (Ripple investors)

I will not tag XRP as a scam. XRP is still in top 5. XRP is still fighting in the market even the price little bit recover after lawsuit file by SEC even some of the exchanges delist XRP and we have seen the impact on XRP value but I hope XRP will fight back and we should wait for the court final order.

Nothing will stop xrp army, they like xrp just because they hope that it will moon and make x10-20. Im not sure that there are a lot of big tech fans of it as technology

Ether gets the green cheque because mining distributed it enough (was security at beginning)
https://youtu.be/KqyLTXHZGt4

More info (Howey Test and such)
https://bitcointalk.org/index.php?topic=5302931.msg55993973#msg55993973

They have already achieved that price before, it's ATH was $4 if I'm not mistaken, so investors have already made profit from this project, and if it will dump, some are already that they made money from XRP and happy to transfer to other coins for their investment.

The market is big, one coin down does not make the whole market down.

If someone can not instantly recognizes two of the errors of this so called blockchain he is part of the scam.
(1 massive hole from genesis to aug 13 and to move up on marketcap by inflating supply from less then 10% available to almost 30% with no noticeable) volume or price change, A Miracle.
Every product has a base price from that everything is added (transport, speculation, good bad season....) How much does it cost to make 10 xrp?
https://i.ibb.co/rx3kJ98/xrp-scam.jpg (https://ibb.co/T41c5yj)