Bitcoin Forum

After the tweet of Coinbase that they are going to suspend the trade of XRP. The price of XRP lost some instant value.
That made me think what is most of Ripple investors swapping their XRP for so this pic shows you when Coinbase announced their suspension and here is their aftermath on the chart
https://i.postimg.cc/xdnJZjqZ/Screenshot-20201229-113334-Crypto-Market-2.jpg

And at the same time both Cardano and Polkadot saw a small pump just after the XRP Dip
https://i.postimg.cc/RVbB34kH/Screenshot-20201229-113413-Crypto-Market-2.jpg
https://i.postimg.cc/VLhxf4t9/Screenshot-20201229-113431-Crypto-Market-2.jpg

This means that people think of those two currencies as an alternative for Ripple and and it's very likely to see their value grow even more if more bad news gets to XRP.

I do pity retail investors here, most of the whales have the private information that CoinBase is going to announce XRP trading suspension and have sold their stash already. If Asian exchanges start delisting XRP tokens then I don't know what is left for Ripple team, they have sold wind to people

If there is also country from Asian that will file a case against XRP like what SEC do This is the only reason it can be delisted there. and that will be the lost to  xrp because most of the supporters and users of XRP are from asian country and they use it as an alternative to remittances. So if something like that happen it will be the end of journey of XRP.

Drop on price does not start after Coinbase delist ing XRP. XRP pump hard before that announcement due to spark token airdrop hype. It slowly dumping after the airdrop distribution since its already overbought. Coinbase announcement just intensifies the dump pressure of XRP to the fullest.

XRP is taking a real beating at the moment, it’s hard to see how it will recover from here. If anybody is still holding I suggest you diversify into something else & very quickly. I don’t like to see anybody losing money.

it is certainly not a good moment for XRP, but I am on the sideline, do not want to jump to any conclusion that XRP will die or be distinct, SEC made their arguments, exchanges are taking the avoid risk approach and suspend or delist the token
if, and when, the situation around the process resolve, XRP could find final destination up or down, and will be good for buy, if the situation resolve positively, and good for trash, if the situation is negative, I am not sure what will be, and it is better to stay on the sideline and wait

I am thankful that I had already sold ny XRP, all of them for a fare amount of money. Im in need so I have been in a lucky position, not that I ended up using all the money. I bought some ADA and ETH and I am already at the winning side. Better for the other folks to think about selling it too, it's not too late to lose them all.

we can't really avoid that with the issue with XRP I really think they would recover from that, well as with the images posted by the OP, I really think that the POLKADOT is really good investment, I've been hearing that coin lately and I was thinking that it is a good investment aside from bitcoin.

I think that some of the investors will be rushing to buy Cardano, Ethereum, Nem and litecoin. These are the safest pairs and tokens / coins to buy at these moments. Especially Ethereum after that jump from 650$ to 740$. I am expecting Ethereum to be at 800+$ in the upcoming weeks which seems really getting achieved. You might invest now but try to spead your investment, never jump into one coin only.

Always been keeping an eye on Cardano/Stellar but can these really reach $1+ stable ?

I know Cardano has in 2017 for a short time but with their huge supply I feel they never will moon as much as others.

Where is the proof ~LOL

Come on, all other cryptocurrency value was also grown you can see on Ethereum and other cryptocurrency. It's the altcoin party time section baby! keep the bitcoin stable so we can drive the party to the moon.

This gain not from XRP.

There is no proof to it, its just him thinking the money is put to some other altcoins including Polkadot and ADA. Holders just shills the tokens they hold therefore he must have some of them. If he holds  CELSIUS, he would have mentioned it too.

I will just assume as well that they are putting it to BNB. Its easy to decide to put to BNB when youre in binance exchange.

You made the right decision selling all the Xrp you have before it's too late. After Coinbase deleted the Xrp list on their platform, it had a huge impact on the Xrp price drop in the last 24 hours. Xrp has currently been hit so as soon as possible among those of you who still have Xrp, then immediately replace it with another top coin.

It was to be expected after US SEC file a case against Ripple. US base exchanges will surely delist XRP, sadly XRP holders don't have any choice but to sell their XRP to minimize the possible losses.  I think 1 more major exchange delisting XRP will make its price crash even harder. 


Eh.. why not Bitcoin instead of those altcoins?  I think it is much safer to move their fund in Bitcoin, then buy altcoin after the Bitcoin bull market ends. 

Ripple's rise was due to spark airdrop and if you would have noticed that the value started to crumble post 12th December and it would be tough time for investors who were HODling ripple post 2018 bearish market as well as those who invested after the sudden surge due to spark airdrop. Most of the Ripple's investment will be transferred to Bitcoin as it's bullish and people can't think of any other option during this difficult situation. If other exchanges follow footstep of coinbase it would be worse for Ripple and investors.

If there is advantage to trade on the exchange you are holding the coin at the moment just sell for any price. More exchanges are announcing date of delisting the coin. There is fear for more regulation in coming year especially for Teams with fraudulent past yet among the top 100 coin on the market cap. Regulation has its advantage on confidence in new investors .

it's not a proof is just a speculation of what is the direction of most of the XRP investors that are currently trying to sell their tokens and they will most likely to buy a coin in the top 10 in the market and aside of Bitcoin and Ethereum there is only Litecoin ,Cardano and Polkadot with the last two been a more scalable coins that have potential to progress more.

Cardano is considered a Ethereum killer (it's not yet there but they are seeing progress)
Polkadot is the new hot thing on the block that have been co-founded by Gavin Wood whom was a co-founder of Ethereum.

If we have to judge with the increase in price of coins in recent days then we can say that the money from xrp has significantly flown into dot, eth, ltc, bch and ada and in coming weeks we can see a sharp surge in more alts.

We can speculate that way as traders will keep finding potential coins to recover from this failed investment, those who invested from the last time pump.

They are potentially moving their coin to another alts, coins that they can invest in and try earned in a small way, there are many projects but what we've seen there are several coins that moving along with bitcoin.

This kind of action are normal divert in your quest of trying to earn out from your
investment.

There are so many fishes on the ocean why settle for something that will collapse soon. For those who got rekt, that's part of trading they must cut their losses unless there is a miracle happened here and ripple win this case against sec. Surely there will be a massive buybqck when this happened. But most will fall on panic selling with such delisting happening on different exchange is quite a really worry some feeling.

Cardano and polkadot are both good alternative but I'm thinking on staying on eth instead.

I moved into Cardano and ETH and liquidated XRP at .55.  I just fear that XRP is just the start of the delist "era."  I moved out of TRON as well, my thoughts are that it could be next.

It's better if you are seeing what happened with ripple before try to argue it. ripple was facing a big problem that can kill the company anytime. It's not about the airdrop or profit taking.
People are massively moving their XRP into the better coin like ethereum or even bitcoin. Some legit coins below ripple have been getting the pump due to the migration by XRP holders to the new coins.
Im not getting any surprise to see that consider so many people were accusing ripple too.

Most of the holders are transferring their XRP into BTC you can check that out by looking at the current chart in the crypto market. as of today, it rises up 2.63% and 16.55% in the last 7 days. Now the price of XRP is drastically moving down dramatically, there is always a bearish market for every cryptocurrency out there but this one doesn't have a chance to recover its original price because of its current situation.

SEC should go easy on XRP,  many people including whales depends on this coin for many years now, moreover this project was built to be a better payment solution and it works very well, why all this lawsuit right now? I do hope that XRP win this and make a good come back, it hurts to see a top altcoin going down because of lawsuit, all the best XRP team

What XRP holders are selling to could extend to other coins they find more better and holds the potential to give them more profit as they lost through holding XRP, in as much as you are right, there could still be other coins like BTC and ETH they swapped to. Nevertheless, one can only but think on what the future of XRP will be from now, what will be the aftermath of XRP platform after the case is solved if at all in the favour of XRP, asking all these questions will only make most people to sell even more as the future of XRP is totally unclear. Lastly, there is every tendency more bad news will come, remember it is exchanges we are referring to here, and once other exchanges think it is better for them to delist XRP, then that will cause more selling pressure and more drop in price.

Yes, Bitcoin also will be targeted by these investors, i wanted to talk about the altcoins first because we all know that these funds will directly move toward Bitcoin because of these investors who are just rushing to dump their XRP bags. Of course some of them are going to save their balances in Bitcoin but in general i know that those are altcoins lovers so it's logical that they will urge to altcoins again, i really can't expect that they will stay for too long hodling Bitcoin cuz they are here for the fast profits.

Obviously, the big coins, Bitcoin and Ethereum and then perhaps ADA and LTC as well. In the last couple of days, bitcoin already sets all time high, while ETH goes above $700 for the first time since 2018, while LTC and ADA continue to rise. So for me majority of XRP dumpers are shifting their funds to this big 4 crypto. Maybe some on smaller altcoins, but the capital might take to long to grow.

I don't think it's because coinbase announced that it will remove Ripple (XRP) (there may be an impact but only slightly), but what had a big impact on the price of Ripple (XRP) going down and getting a lot of people to swap Ripple (XRP) for other cryptocurrency was because SEC sued Ripple, so many people are afraid to invest in Ripple (XRP) for now and prefer to be safe.

I guess you're right most people might swapping their XRP with those two coins. What a huge dump caused by Coinbase news that really hurt for investors. It might continue to go down, we don't know what will be the bottom price of XRP but seeing this price right now I'm thinking the big whales are ready to get into XRP.