Bitcoin Forum

Adamcochran: https://twitter.com/AdamScochran/status/1341893587865391105?s=19
Sources suggesting that Coinbase has already had discussions with counsel about the delisting of $XRP.

It seems two potential plans are forming, one which puts the delisting on Friday. Unclear which Coinbase products it will impact but most likely Coinbase and Pro.

Because A securities law violation as decided by the Securities and Exchange Commission
For more information about this: https://www.sec.gov/news/press-release/2020-338

I'm really concerned about this ripple case. Not because i care about ripple (never ever had even a 1$ invested, maybe daytraded it once or twice) but isn't it the first attack, which will then expand on all tokens behind which companies are standing and which have acquired capital in the form of ICO (f.e BNB, KCS, HB) or even all ICOs (including etherum)?

I know that there is no way to sue majority of ICO projects but it is possible to force exchanges registered in US to delist them. Can you imagine coinbase, bittrex without 99% of coins?

It looks like that will happen. I do believe if ripple can be considered as security coin and coinbase was in the watching situation. The coinbase is still watching ripple and another US based exchange site was also doing it dude.
SEC was putting their eyes since a few years ago towards ripple. I can't believe if jed as a former CTO of ripple became the rich man caused by he was dumping the premined coin only.

it is all rumor and rumor. it is not yet confirmed whether they will delist Ripple or Not and if they succeeded in delisting ripple, it think that will be the end of the business for them. i hope rippple come up with a solution to prevent further price dump. the alt coins has been affected with the XRP saga and the market is going down seriously.

I feel bad for ripple, with lots of testing and companies trying to use it, every year they are taking hit from both sides, and now it's getting serious, and its the toughest fight from all the lawsuit they have a deal in the past, with that price also been affected from .6 USD it's gone down to half, I'm not a holder of the coin but, things are not going their way here is the current price now: https://coinmarketcap.com/currencies/xrp/
not a good way to end the year.

oh shit...
it got even worse, Coinbase will remove XRP from their platform. This will be a tragedy, and will probably be followed by other US-based exchanges. I'm waiting for Ripple's statement on this problem, what solutions will they take to solve this problem. whether ripple will admit their mistake and pay a fine or make a defense. their every statement will determine their future.

I also saw on Twitter that XRP coins have been de-listed by Coinbase.
I don't know exactly.
If anyone knows, let them know if the news is true or false.
Because I held XRP.
And want to hold some more XRP.

I'm reading a lot about this case right now. Its not as bad as i thought (to other alts) but its bad AS for ripple. This is part of sue:

https://i.imgur.com/tT61IW1.png

https://i.imgur.com/YIa8IcX.png
link (https://twitter.com/stephendpalley/status/1341481715622146055)

I thought that this sue is because of collecting funds form ICO 8 years ago. Its not, its because they are constantly emitting coins, dumping on investors, misleading investors, use insider knowledge to manipulate etc.etc. They were warned by SEC and after that they decided to take a risk. Its completely different story compared to BNB (mentioned by me before) that collected only 15 mln $ from ICO and are now doing buyback. Ripple is constantly dumping shit load of XRP - already collected 1.8 billion $.

wow man? really! i saw the tweet right now and i must say that this will be a terrible information to hear by the lovers of XRP. It was just doing good and gathering alot of investors that dived in and bought it in the last days making a growth of more than 100% in a short period of time. I do care to learn more about the law violation and the updates, so sad for the community behind xrp.

Look like there is something very strange happening with this all or its going to be some tough stance against crypto by USA officials because if mostly they are going to crack down then US based exchanges takes very quickly decision's and done these type shits which hurt this crypto very badly in long run.

Coinbase will probably delist XRP. That is the next step US-based exchanges will probably make. It is either because they are afraid they will also get penalized for offering an illegal token for trading, or they are not in the best position to stick to a coin which is being sued no less than the SEC, or they also consider XRP an illegal security. Either way, Ripple is damned. XRP is going to fall if this will go on. It seems the end is near for XRP.

Yh, I agree with you. This mist be the beginning of a new problem extended to many Alts. However, in the case of XRP the case is different since the sue by the America SSC because they were found to operate illegally. This might  not be true for all 99.9% of alts but still it is a concern for the future of alts that you can't avoid at the moment.

the world largest cryptocurrency that ranked on 3 and now it gone lift down to number 4 the sudden fear is really gonna mess pretty but im sure it will surpass this whatever this is, i have a guts feeling that it will rise like break ath.

What will be the future of money locked in XRP right now? If Coinbase delists Ripple, it'll be harder for holders to cash out crypto. So the price predictably will go down.

if coinbase is going to delist XRP, this is a big disaster for XRP holders / investors, XRP prices pump significantly when there is an announcement of the spark airdrop program but after that the SEC lawsuit came, this makes the price of xrp dump hard.
many people think the spark airdrop is the last pump for XRP.

Ripple is taking a constant hit. Big investors are giving up their Ripple investments. Coinbase may eliminate Ripple off the list very soon. If this happens, Ripple will suffer tremendous damage  :(

It's just a suggestion but the decision will be made only when they lose the battle of SEC I think that's what coinbase is waiting the result of sue to them.


No I don't think big investors will easily lose their faith in XRP they will hold it even xrp got this bad news they can sell it but not in this price maybe they sold it already before the price decline or before sec officially announced it.

It is expected since Coinbase always wanted to be in compliance with US regulation.  With the ripple case, Coinbase doesn't want the possible damage if ever the case against ripple escalated.  So they will definitely design a plan that will let them avoid bad consequences to the point of delisting XRP.

That was the case before 2017, before the ICO boom and it was everything but bad.

I can Imagine it just fine and I hope it happens.


it is not a crypto currency. just a database.

Rumors itself already bring a huge impacts to the entire market, we are seeing a huge dumped following this another bad news to this

project, if coinbase consider this move then expect more CEX to follow. it will create more dumped as investors and traders will jumped

before the whole system collapse.

why will they panic when its not finalize . this is same as fud because fudsters want to bring down xrp and nervous xrp hodlers got carried away .

 if xrp gets de listed why will it impact other markets and why will other exchange follow ? some exchange can delist a coin but other exchange can retain the coin and continue its operations .

i dont see that as a huge problem . people are becoming paranoid , thats no good . they should stop having that feeling .

Damn.
If coinbase really delists XRP from their platform, other exchanges will probably also delist it. And this is just a matter of time when the exchanges will delist XRP.
Really too late to sell my XRP and still in my wallet LOL  ;D ;D

So, is this the end of XRP after this long time? In fact, regulation can really kill it  :D

Clearly, it will make XRP price dump a lot. As we have seen now, its price just continues to down and down even has passed the monthly candle which is in the last month the candle has formed a morobozu bullish and has indicated that the price can increase sharply. But a bad new come and seem like the problem can't be solved quickly, it will take a lot of time to face multiple trials.

To be honest, this is not good for XRP in any way, it can be considered as fud until it happens though, but as it stands, the price of XRP will be dealt with and it will dump even more with no one knowing what will become of it at the long run. The simple truth is that, fud or bad news whichever it is, have a very bad way of dealing with coin's price and now with XRP being one of the top altcoin, will likely be lossing a whole lot from its price, to investors and to users who believes in it.
Nevertheless, at this juncture, if I am a holder, I should be dumping by now because the price will only get worse if no solution is found sooner than later; then at the long run those who believes in it, can still buy back but for now, it is better to cut losses and be on the safer side.

It would not be a surprise for most of us here if coinbase goes on to delist xrp as many other exchanges are doing the same and even I read that many funds are also quitting xrp by selling their portfolios, so basically majority of the market seems to be losing the trust in xrp.

I guess this is mostly what will happen, platforms are starting to consider delist XRP to avoid any legal obligations if ever Ripple losses the lawsuit filed by SEC against them. I am wondering where will XRP go or what will happen to it knowing that it was sitting 3rd on the market cap. It involves a lot of money, and honestly XRP is one of my best choices when I am moving funds since it is really cheap and fast to use.

Ouch! So I guess the price is going to start tanking even more. That sucks for those who have been holding XRP. But, yeah they did know about the risks associated with centralized coins like XRP.
True, they can't sue majority of the coins or ICO projects and taking down 99% of coins is next to impossible. Don't want to offend anyone, but most of those altcoins don't even deserve to be listed. They have no real use cases. Would be better without those coins.
Even if they get delisted by exchanges registered in US, traders will move to other exchange which supports them.

Delisting XRP from coinbase can rip off the future of it for sure because many exchanges may follow it as well so it will take big effect on its prices immediately and since XRP isn't doing that much great in this bull run so it may end up the growth as well in long term.

Maybe you do not know what is happening to ripple now, big investors are already selling ripple, that is what plunges ripple price to a very low price. Not only investors that are selling ripple but some exchanges have delisted it already. It is very possible for more exchanges to still delist ripple because the coin and ripple company has no trust again. I for one will not recommend ripple because if we can check it very well, even ripple blockchain is not decentralized, nothing is decentralized about ripple at all. If exchanges like coinbase delist it, it will it be a surprise.

A chain reaction Ensued after ripple lost more than half of its value. And the price doesn't stop falling. Crosstower, Beaxy, OSL also abandoned XRP. crosstower was the first to announce the removal of the Ripple token from its platform. Osl has only suspended trading so far.
Not good news

It will work in US base exchange not other major exchange   which is not located in US I don't see any reason for them to delist it if they are not from there.ripple even say that they only have 5% of XRP investors from US so I don't find a reason why it's dumped so hard  other than investors also looking for good entry  And it happen last day .

xRP team also announce that they have plan to migrate to other country even before the sec give them warning.

This will have two results;

-If xrp won the lawsuit crypto exchanges will not going to delist xrp and of course price will gonna have a great impact and expect another bullish price.

-If opposite happens and theyve lost then they exchanges will delist the xrp per regulation and xrp's price will of course gonna dump like hell.

No wonder the current XRP dump price, maybe this is the influence of the XRP delisting rumors that Coinbase will do. If true this will be
a big enough problem for XRP, I'm pretty sure all the crypto exchanges located in the US will follow in Coinbase's lead. Although many say
that there are not many XRP holders in the US and will not have a big impact on XRP, still it can cause panic for XRP holders outside the US too.

The XRP team should really have done something before this big blunder.
Exchanges will follow thru if top exchanges will start delisting XRP.
This will be a sad day to all XRP holders and users.
I am also using XRP for transfer purposes because they are one of those that has low tx fee.
Hopefully, the XRP team is doing something behind this hullabaloo.

Actually I'm not a fan of altcoin. Since holding Bitcoin is profitable, what is the rationale behind investing in altcoin!
For those who are caught investing in XRP today, it is a lesson for them to hold bitcoin without believing in altcoin.
I'm sorry for your losses, Only one thing I can say in support of you is that this SEC is against Ripple not for XRP, So, I don't think Coinbase will make such a decision.

I am pretty sure that it all depends on the decision. If XRP is found guilty, just like bitmex was found guilty, that would mean that coinbase has to delist it, there is no other way and any other American exchange will have to delist it as well.

USA has been going a bit tough of crypto, they made it legal and supported and all that but they are also making it as much paperwork as possible, now they are saying they want to know the owners of wallets as well, you heard of that right? And don't get me wrong, if Ripple just wanted to have XRP as their coin on their wallet and nothing more, that would mean nothing would have happened to them, but since they are also a business that tries to make endless amount of profit from XRP and use that as bait, they are constantly getting action for their business which SEC of course can't allow, hence when they ban it, all American companies will have to stop using it.

Ripple really falls apart and the possibility that coin base going to delist XRP might come to reality. Other US-based exchanges might experience this as well. Unfortunately, other exchanges are also making their move, Bitstamp just announced that they will halt XRP trading from US customers. This could be a domino effect if XRP loses their lawsuit unfortunately.
https://i.imgur.com/D55w9u4.png

This bad news has knocked XRP back down, which a few hours ago XRP started to rise. It really is really messy and a lot of altcoins seem to be impacted too. I hope the two sides between XRP and the SEC find a middle ground and that not many people will be harmed going forward.

Small exchange have done it first. And if it's coming from Coinbase, they're the biggest in the US then other exchanges that are operating inside US might follow this decision. Bitstamp has done their part but for the US residents only and it would gotten worst if they will start to take it as a whole thing in their platform. So this is very possible decision for Coinbase for the next coming days or weeks. When this is decided, there will be a massive dump that will for sure to happen and will make every XRP holder in panic.

As long as the delisting of XRP is not connected to exchanges that do not have American jurisdiction, the coin will be relatively safe. By banning American citizens from working with XRP, Bitstamp is seeking to avoid a potential conflict with the SEC. I expect that other exchanges will do the same.

I think that ripple will not fall apart in the end if the accused leaders are able to pay the penalties. It is quite obvious to me that the SEC will win this lawsuit, since the evidence of the alleged violations is fairly easy to collect and will be undeniable. However, in any case, the ripple's reputation has suffered serious damage.

There is a big chance that other exchanges will do the same. This is a big problem for Ripple, people will be in panic. Im pretty sure that XRP will face its all time low. We have seen how bitcoin have rise in the past days, I expect that Ripple along with other altcoins will do the same. When bitcoin happened to have a correction, it will be doom for XRP. It could be the biggest scam in crypto community.

There have some issues with Ripple coin at this moment, They team Ripple has charged by the coin market for violating some terms and condition at all but some of the issue is a way of solving. Nowadays, updated news is Ripple will not be out of coin listing. So, No worries.