Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: imran102 on December 29, 2020, 09:06:01 PM



Title: What are the benefits of buying XRP at present?
Post by: imran102 on December 29, 2020, 09:06:01 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.


Title: Re: What are the benefits of buying XRP at present?
Post by: BigBoy89 on December 29, 2020, 10:27:31 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

None ;D

Even if SEC stops with the cases and Ripple regain some value, you will gain much more if you put your money into Bitcoin or Ether.

IMO Ripple is done. It will continue to exist as some niche corporate coin, and that's all.


Title: Re: What are the benefits of buying XRP at present?
Post by: qazgroup on December 29, 2020, 10:38:56 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
I think they will come out and survive out of this crisis eventually but it will take time so do not expect your high risk xrp purchase to really yield you gains anytime soon and watching all the delisting news daily I think buying below or around 10 cents could be good entry.


Title: Re: What are the benefits of buying XRP at present?
Post by: chanler on December 29, 2020, 10:56:17 PM
XRP is still on trouble, it still as many negative news around here. One f them is about the SEC and also delisting from some exchanges more likely Coinbase. Of course it will infleunce the makret of XRPitself. In ths case, I will prefer to ot to buy the coin for this recent time.


Title: Re: What are the benefits of buying XRP at present?
Post by: dothebeats on December 29, 2020, 11:02:05 PM
You'll have a bag of history on you and that's about it.

Even if the SEC's decision regarding the matter favors Ripple, people would have already strayed away from the cryptocurrency given the general negative sentiment towards it. Also, Ripple is a centralized coin, and its creators are pretty much not addressing some concerns and questions regarding the coins centralization.

You can still try to toss XRP around if things are really that desperate for you, or you believe that it can still bounce back as normal. But most of us here think otherwise, with or without SEC's say on the matter.


Title: Re: What are the benefits of buying XRP at present?
Post by: TimeTeller on December 29, 2020, 11:03:34 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
I think they will come out and survive out of this crisis eventually but it will take time so do not expect your high risk xrp purchase to really yield you gains anytime soon and watching all the delisting news daily I think buying below or around 10 cents could be good entry.

It seems that XRP will still go below 20 cents, if more and more exchanges will delist XRP.
If that will happen, you need to assess if you can take the high risk of investing into a coin, where future is very hazy.
We don't know what the XRP team is doing to rectify the situation they are in.
And how long can you wait, if in case XRP will get back to its feet? Are you willing to wait for months or even a year?
Lawsuit is not easily closed or resolved. It would take time, now, it is up to the XRP team how they will go with this matter.


Title: Re: What are the benefits of buying XRP at present?
Post by: tabas on December 29, 2020, 11:35:23 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
There is a chance that you will profit. But you need to take care and watch the market carefully. There will be sudden pumps and dumps of it following the lawsuit and for sure just like what happened. It surged and then followed by a crash.
If you want to invest on it, do it with precaution because you're aware of the situation for this coin. But if you cannot, with your money, buy bitcoin!


Title: Re: What are the benefits of buying XRP at present?
Post by: btc-facebook on December 29, 2020, 11:57:22 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
There is so much speculation about XRP,
There is speculation that this is just the drama the whales do to get the price down and the whales have the opportunity to buy them cheaply. If this is true then now is a great time to buy XRP and make a big profit.
But there is other speculation if this is the end of XRP because we can see if so many exchanges delist XRP that it is possible that XRP will lose a lot of investor support. And if this is true XRP price will return to its lowest price.


Title: Re: What are the benefits of buying XRP at present?
Post by: arabianhorse on December 30, 2020, 04:12:50 AM
I don't think profit can be expected by buying xrp at present. Because there's just bad news going around xrp. The effects of this bad news will have to be borne by xrp for many days. If usa accepts xrp then it can pump xrp again.
BREAKING: Grayscale has increased their $XRP position by 8.5% after prices plunge to a 6 month low


Title: Re: What are the benefits of buying XRP at present?
Post by: khiholangkang on December 30, 2020, 04:30:18 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.


Title: Re: What are the benefits of buying XRP at present?
Post by: bryant.coleman on December 30, 2020, 04:33:25 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

From what I have seen during my 8+ years of association with cryptocurrency is that investing in XRP at this point will be a loss making exercise. Once an altcoin goes down by 70% or 80% in a short duration, the chances are that it will never recover. It will be interesting to see the reaction from the XRP promoters. If Brad Garlinghouse and Chris Larsen are quietly dumping their tokens, then it is a massive red flag.


Title: Re: What are the benefits of buying XRP at present?
Post by: cabron on December 30, 2020, 05:01:03 AM

I'd be surprise if someone still buys XRP at this time.
Everyone spread its a scam, they also have a case from SEC and the price just prove to be plummeting down.
If an investor still buys XRP, he must have inside information about its details that he expects profit in the end.


Title: Re: What are the benefits of buying XRP at present?
Post by: ralle14 on December 30, 2020, 05:11:37 AM
If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.
That's a big if and from the looks of it the damage is already done so even if they do win it's going to take a lot of time before XRP could recover. Tbh I don't know if they could even recover from this and most traders likely won't go back to buying XRP now that it caused a lot of loss to their portfolio.

There is speculation that this is just the drama the whales do to get the price down and the whales have the opportunity to buy them cheaply. If this is true then now is a great time to buy XRP and make a big profit.
This is more like a bait so that the whales could pull out at better prices since XRP is going downhill for almost 2 weeks.


Title: Re: What are the benefits of buying XRP at present?
Post by: w0lf0. on December 30, 2020, 05:36:37 AM
Unfortunately this news of the SEC is really heavy, I had a bit of ripple aside and I'am very sorry also for those who had invested in it, probably ripple is destined to die unless sensational further evolutions. Most exchanges are blocking ripple trading to avoid future trouble probably, really a disaster. I was holding some and I really don't know whether to sell everything or hope for good news even if the situation is now dramatic   :(


Title: Re: What are the benefits of buying XRP at present?
Post by: irixo10 on December 30, 2020, 08:03:51 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

Are you really serious now? Aren't you aware of what XRP is facing? Let me indulge you, first the SEC is onto XRP and that has caused more exchanges to start delisting XRP, of course this is what caused the price dump and it doesn't looks like it is slowing down or stopping anytime soon, therefore buying XRP now is only a bad idea because you don't know what will become of the price tomorrow or in the near future. So at this juncture the best thing to do, is to look towards other potential coins like Ethereum and make your investment, at least you would be sure of profit on the long run.


Title: Re: What are the benefits of buying XRP at present?
Post by: VDraci on December 30, 2020, 08:06:57 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Yes the price is low but buying is too risky because SEC is on XRP ass as we speak, even if XRP manage to defeat SEC one way or the other the profit won't be much compare to other coins like Ethereum, ETC, LTC, XMR, BTC, if XRP team know what's good for them they will change location once they are done with SEC


Title: Re: What are the benefits of buying XRP at present?
Post by: shoreno on December 30, 2020, 08:28:23 AM
the main benefits would be obtaining them in a cheaper price compare to when the price of xrp before when there is no issues on it .

since the price drop , does not mean itl continue but majority is expecting the same and if these people do that with action , the price can really drop so the posibility of earning a profit after buying right now is i think at 30 percent something only but you can take the risk and change your goals and expectation with xrp at long term as the posibilty of earning a profit is greater .


Title: Re: What are the benefits of buying XRP at present?
Post by: darkphoenix2610 on December 30, 2020, 08:40:31 AM
Well. obviously buying Ripple (XRP) at this time will surely be a profit for you when Ripple (XRP) price will start to pump since it is in the most dip price now. The question is till when you will hold it? Anyway holding it longer won't be the issue anymore since it is for long-term investment.


Title: Re: What are the benefits of buying XRP at present?
Post by: cryptoaddictchie on December 30, 2020, 08:49:00 AM
Well. obviously buying Ripple (XRP) at this time will surely be a profit for you when Ripple (XRP) price will start to pump since it is in the most dip price now.
If they can win on the SEC case. Buying xrp now is likely will be a big gamble. Those who will buy will likely lose if the Ripple company wouldn't be able to escape the SEC against their platform. But if they can trumph, the delisting of many exchanges will be nothing and go back to the same routine where xrp could be traded again and if lucky reach the ATH once more.


Title: Re: What are the benefits of buying XRP at present?
Post by: Mpamaegbu on December 30, 2020, 08:51:16 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Your last sentence (bolded by me for emphasis) sounds more like a declarative rather than a question which you made the title look like. If you had already concluded that the outcome of buying Ripple will be a total loss, then you shouldn't be making attempts to buy in. For me, I would rather stay out of Ripple until the dust settles. Doing otherwise is taking an unmitigated risk, and knowingly so. It's not the best way to approach investments.


Title: Re: What are the benefits of buying XRP at present?
Post by: bitkanu on December 30, 2020, 09:22:42 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.
The chance for XRP to win against SEC is relatively small compared with the chance for SEC to win against ripple. The future of ripple will be determined from this battle. I'm sure when ripple will be lose and all of XRP investors will be fucked up. Massive sell will happen and that will be driving the price to go down to the bottom price.


Title: Re: What are the benefits of buying XRP at present?
Post by: Tash on December 30, 2020, 10:37:04 AM
Quote
What are the benefits of buying XRP at present?
None
SEC is just one legal front of trouble and not the only one, lets remember several court cases in action before SEC.
Also validator nodes transmitting money without a license, next leagal issue. Who will run a node if license is 6 figure sum and a note earns little.


Title: Re: What are the benefits of buying XRP at present?
Post by: LogitechMouse on December 30, 2020, 11:07:35 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
It will depend on what will be the verdict of the SEC regarding the case of XRP.

If the case will turn out to be in favor of XRP then expect those who bought at the bottom to have a big profit as it can be a reason for the token to rise again.
On the other hand, if they still lose unto this then the XRP's price will be a freefall. Investors who are holding it will be forced to sell their tokens at a loss. The token will be considered as worthless anymore and it can be another scam coin next to Bitconnect years ago.

Overall, buying now at the bottom in this case will be a gamble. High risk but high reward still.


Title: Re: What are the benefits of buying XRP at present?
Post by: lebregone on December 30, 2020, 04:24:37 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

I notice that XRP is struggling, it was able to hype for a few months because of the airdrop but in just a short period of time the XRP prize are like dying.

I can see that it is pretty risky to ride the journey of XRP as of this moment even if their is a big chance that it can recover by next year if they can solve some issues in their side like SEC and etc. You can only benefit to XRP as of this moment if you will take the risk to buy more in this situation and hold it until the XRP price will recover someday.


Title: Re: What are the benefits of buying XRP at present?
Post by: jrrsparkles on December 30, 2020, 04:35:56 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Lowest possible value for any crypto currency is zero so you can't claim that current price of XRP is the lowest because the chances of prices will get further down is high due to the SEC restrictions. If you still consider there is any benefit of buying XRP now is you can become poor sooner than you expected. :P


Title: Re: What are the benefits of buying XRP at present?
Post by: imran102 on December 30, 2020, 05:54:53 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
I think there are two options either they settle everything with SEC and second is after sec they should move to some crypto friendly region only then xrp could be back on track, the price is low but the risk is high so wait for more lower price if you want to take the risk.
I like your idea very much. Thank you for your valuable feedback


Title: Re: What are the benefits of buying XRP at present?
Post by: imran102 on December 30, 2020, 07:24:26 PM

I'd be surprise if someone still buys XRP at this time.
Everyone spread its a scam, they also have a case from SEC and the price just prove to be plummeting down.
If an investor still buys XRP, he must have inside information about its details that he expects profit in the end.
If you can read the statement given by XRP. A lot will become clear to you.

Our Statement On Recent Market Participant Activity

The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple. 

The SEC’s decision to file this action is not just about Ripple, it is an attack on the entire crypto industry here in the United States. We’ve always said that there is a dangerous lack of regulatory clarity for crypto in the U.S. — their lawsuit has already affected countless innocent XRP retail holders with no connection to Ripple. It has also needlessly muddied the waters for exchanges, market makers and traders. The SEC has introduced more uncertainty into the market, actively harming the community they’re supposed to protect. It’s no surprise that some market participants are reacting conservatively as a result.

In the meantime, Ripple will continue to operate and support all products and customers in the U.S. and globally. The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example. For eight years, we’ve built products that help hundreds of customers solve pain points around global payments — we will defend our company and look forward to settling this matter in court to finally get clarity for the U.S. crypto industry.

On a parallel note, we also look forward to working with all of the Commissioners and the SEC’s new leadership, once appointed. In all, the SEC Chair, six of his Directors from each SEC Division, the SEC’s Chief Economist and the SEC’s General Counsel have now departed (many left just last week). Our steadfast commitment to constructive regulatory engagement has not changed.

Source: XRP Twitter


Title: Re: What are the benefits of buying XRP at present?
Post by: imran102 on December 30, 2020, 07:31:09 PM
it's not a good decision, although buying at a low price is a good way to take advantage when the coin increases. but xrp is currently being hit and very risky if you take part in it. My advice is to invest in Eth or some of the top altcoins but not Xrp.
My analysis is that there is good news about the way XRP is coming in the market right now. It is possible to get a good profit out of here in a few days.


Title: Re: What are the benefits of buying XRP at present?
Post by: Tash on December 30, 2020, 07:36:19 PM
it's not a good decision, although buying at a low price is a good way to take advantage when the coin increases. but xrp is currently being hit and very risky if you take part in it. My advice is to invest in Eth or some of the top altcoins but not Xrp.
My analysis is that there is good news about the way XRP is coming in the market right now. It is possible to get a good profit out of here in a few days.
My analysis it will crash soon,  on 1.1.2020 xrp it was $0,192667  now it is $0.226129 recently some very bad news that Ripple is selling an unregistred security. On top of this notes operating without money transmitting license, the next leagal issue to deal with.


Title: Re: What are the benefits of buying XRP at present?
Post by: Equate on December 30, 2020, 07:52:23 PM
This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.


Title: Re: What are the benefits of buying XRP at present?
Post by: jahepahit on December 30, 2020, 09:28:22 PM
It's a wrong call at this time. People are done with ripple and I don't thing iT can have any further positive impact in the cryptocurrency world. No benefit if you buy now, you will only be wasting your money.


Title: Re: What are the benefits of buying XRP at present?
Post by: TopTort777 on December 30, 2020, 09:38:20 PM
This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.

I think you dont understand why Ripple price went down. It is not because the market is unstable, it is due to SEC charges against Ripple (https://www.sec.gov/news/press-release/2020-338). Current market is in good shape, grows everyday. What kind of stability you wait for? Stagnation? Why you think Ripple price will rise? Why not go down? I think opposite - Ripples price will continue to drop. Then the price will collapse and will recover a bit (if Ripple pays that fine) or not if Ripple to react. Convince me why it "will rise".


Title: Re: What are the benefits of buying XRP at present?
Post by: maxreish on December 31, 2020, 08:24:41 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

Look, it is not advisable to buy xrp right now. Even you think that this is the right time because xrp's price is at the dip but the issue is giving the coin a no value right now. More exchanges are announcing the suspension of any xrp transactions like trading but the fact that the issue will lead to the delisting of the coin so buying it now would be useless.


Title: Re: What are the benefits of buying XRP at present?
Post by: Genemind on December 31, 2020, 08:47:52 AM
With the present issue XRP is facing, I think it would be difficult for it to go higher in the market. A lot of people had lost a lot of money from it especially whales who are holding a huge chunk of XRP. Bad news keeps coming as time goes by, and even some platforms are suspending XRP pairs.


Title: Re: What are the benefits of buying XRP at present?
Post by: rhomelmabini on December 31, 2020, 09:09:54 AM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Well the thing is we don't know if it will go away or when will it go away, so, better we stay away, it's that simple.

This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.
That's a risky trade calling you but I think it will be much safer if Ripple Labs has already been out of the lawsuit rather just thinking it's in the bottom of every technical analysis. You may have a overbought signal on the technical side but the fundamentals isn't that on the bright side.


Title: Re: What are the benefits of buying XRP at present?
Post by: FaucetKING on December 31, 2020, 09:33:56 AM
Well, i think that XRP will get some spikes before it dies or even before the SEC's final decision. I know alot about these traders shilling XRP, they love it because it brings them alot of profit, i'm nearly sure that they will try to pump it at any moment. It's weird that people still hodls their bags in XRP after that slight death in price, you can't expect people's movements or reactions and the most important part is that you must not follow their movements in the risky periods.


Title: Re: What are the benefits of buying XRP at present?
Post by: yurez on December 31, 2020, 09:46:47 AM

If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.

You are right the situation is now 50-50. It is very risky to buy XRP right now despite a good fall.  Technical analysis will not work while XRP is under pressure from the SEC.


Title: Re: What are the benefits of buying XRP at present?
Post by: cilgindansci on December 31, 2020, 10:24:46 AM
I think it's too early to buy Ripple. The bad news about Ripple is still not over. Ripple prices could see sharp declines. You should set yourself a target price and I think that target should be at least $ 0.2  ;)


Title: Re: What are the benefits of buying XRP at present?
Post by: kaya11 on December 31, 2020, 12:26:55 PM
Too much doubt about XRP right now. It's better for you to stay away for now, the hype of BTC is just starting and also there are other coins too that are slowly following. You may choose other than XRP, better be secure than risking too much.


Title: Re: What are the benefits of buying XRP at present?
Post by: Blitzboy on December 31, 2020, 12:34:55 PM
High return, i guess? But nothing guarantee that xrp wont continue to fall after such big scancal. SEC is really a coin killer. However, they do that just to protect the investors sfter shady activities of Ripple

In my opinion, ripple still have a change to regain its value. The team need to understand their extremely awful situation so as to drive the train to its correct path.


Title: Re: What are the benefits of buying XRP at present?
Post by: kevinzxz on December 31, 2020, 12:56:13 PM
Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

My advice for now is not to buy or invest in XRP, because in my opinion it is very risky and of course it can make your money disappear, so if you want to invest in XRP then you better wait until XRP and SEC problem are resolved, because that will allow you to invest in XRP safely.


Title: Re: What are the benefits of buying XRP at present?
Post by: CashbackLover on December 31, 2020, 01:21:16 PM
Too risky, XRP may find it very hard to recover after SEC, buying now can bring further losses later if people decide to still dump, it's better to look for other altcoin to invest money on or try investing very little amount of money on XRP


Title: Re: What are the benefits of buying XRP at present?
Post by: Houdini76 on December 31, 2020, 05:08:34 PM
You'll have a bag of history on you and that's about it.

Even if the SEC's decision regarding the matter favors Ripple, people would have already strayed away from the cryptocurrency given the general negative sentiment towards it. Also, Ripple is a centralized coin, and its creators are pretty much not addressing some concerns and questions regarding the coins centralization.

You can still try to toss XRP around if things are really that desperate for you, or you believe that it can still bounce back as normal. But most of us here think otherwise, with or without SEC's say on the matter.

Apple, Microsoft, General Electric, AIG and Amazon all investigated by the SEC - do people have a negative sentiment towards those companies? No in fact they have excelled.


Title: Re: What are the benefits of buying XRP at present?
Post by: Houdini76 on December 31, 2020, 05:11:06 PM
Too risky, XRP may find it very hard to recover after SEC, buying now can bring further losses later if people decide to still dump, it's better to look for other altcoin to invest money on or try investing very little amount of money on XRP

What happens when XRP wins the case, is rubber stamped as a currency and they start to partner with powerful financial institutions. This is the plan and it will happen I believe.

Bitcoin in 2019 regarding a cryptocurrency investigation  Look at the headlines:

"Bitcoin prices have been dropping steadily after news broke that the Securities and Exchange Commission had launched an investigation of cryptocurrency-related tech companies and advisors this week"

https://www.investopedia.com/news/bitcoin-price-sinks-amid-sec-cryptocurrency-investigation/




Title: Re: What are the benefits of buying XRP at present?
Post by: leea-1334 on December 31, 2020, 05:32:34 PM
I think it's too early to buy Ripple. The bad news about Ripple is still not over. Ripple prices could see sharp declines. You should set yourself a target price and I think that target should be at least $ 0.2  ;)

And this just happened already yesterday/today I guess. I cannot believe Ripple tricked me into thinking we could actually hit $1 again,,, this SEC news really hit hard but you know what? If I had a lot of money and was willing to wait for another few years for next rally, I would definitely be getting into this dip hehe


Title: Re: What are the benefits of buying XRP at present?
Post by: IkonaDro4ku on December 31, 2020, 06:15:30 PM
Buying ripple now is a very bad idea. It's worth understanding that the market is bullish now and the price of the ripple is only falling. The trial has not yet passed. Price will be about 5 cents soon...


Title: Re: What are the benefits of buying XRP at present?
Post by: Tash on December 31, 2020, 06:26:27 PM
And good news keep rolling in
https://u.today/breaking-coinbase-sued-over-illegal-xrp-sales


Title: Re: What are the benefits of buying XRP at present?
Post by: imstillthebest on December 31, 2020, 06:41:09 PM
And good news keep rolling in
https://u.today/breaking-coinbase-sued-over-illegal-xrp-sales
good news ? lol .
 good news for the haters of coinbase but coinbase is big and it can be nothing for them because they can always pay it with their money but they will be forced to drop the connection with xrp and xrp is still endangered .
 so many bad news all coming with xrp and someone still ask if what is the benefit that he can get when buying and hodling xrp .
 i wouldnt call that benefits , if i were him i will wait if all xrp problems settles and if xrp came back to work


Title: Re: What are the benefits of buying XRP at present?
Post by: BITCOIN4X on December 31, 2020, 06:41:36 PM
I did not expect anything from XRP and I will not buy it again because of the negative sentiment directed at them. Buying for some time and trading it on a small scale as a day trader activity in my opinion is not a high risk thing as long as there are many traders who do it on the exchange. But it may no longer be suitable for long term investment. Let's think realistically that there are plenty of other altcoin options that have potential advantages at the moment.

I don't want to advise you on how you should use your money and investment, it's entirely your right because profit and loss on this activity is entirely your responsibility. Consider the risks.


Title: Re: What are the benefits of buying XRP at present?
Post by: Tash on December 31, 2020, 07:00:09 PM
I did not expect anything from XRP and I will not buy it again because of the negative sentiment directed at them. Buying for some time and trading it on a small scale as a day trader activity in my opinion is not a high risk thing as long as there are many traders who do it on the exchange. But it may no longer be suitable for long term investment. Let's think realistically that there are plenty of other altcoin options that have potential advantages at the moment.

I don't want to advise you on how you should use your money and investment, it's entirely your right because profit and loss on this activity is entirely your responsibility. Consider the risks.
It was never suitable for long term "investment" with over 2% inflation (purchase power loss) fiat is at 2.3% (on average)


Title: Re: What are the benefits of buying XRP at present?
Post by: hahay on December 31, 2020, 07:07:15 PM
I don't know any more about XRP with its existing problems but even so, I haven't had a chance to sell it until recently and am aware of the problem there is. With the events and problems that have befallen XRP it is clear that there will be a lot of support leaving but I personally am still hesitant to sell now as this is a big project and with the loss of multiple sources it is clear that it is already affecting its presence in the market.


Title: Re: What are the benefits of buying XRP at present?
Post by: smoolae on December 31, 2020, 07:11:13 PM
To be honest I would stay far away from Ripple. The token itself is not needed to transfer funds inside RippleNet but people often buy XRP in hopes that this will be used as the main token in the network.

Also the team controls a big supply of tokens that they can sell when they feel like it.



Title: Re: What are the benefits of buying XRP at present?
Post by: bitcon on January 01, 2021, 06:55:03 PM
What advantages can we talk about? The company is in the worst and most uncomfortable position possible. Ripple won't bring any positive news anytime soon. Coins are devalued every day, exchanges refuse to cooperate, and you are waiting for an advantage?