Why I would never buy XRP

[ivandu]

thats reason not happen to me.because i am trader that take advantages for each opportunity from each token / coins.no reason to refuse every single opportunity to gain profit

[Branko]

Well if you ar XRP mod why don't you answer this guys question about why it costs almost $40 to open an XRP wallet?

https://www.reddit.com/r/XRP/comments/7mugth/activate_ripple_desktop_wallet_which_i_downloaded/


"Unlike Bitcoin wallets which are free, Ripple wallets require you to have 20XRP to book your wallet address.

So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).

Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses."

Are you saying every XRP wallet cost about the same as sending bitcoin ONCE from one wallet to another one?

What could be the reason for that? Why are XRP transactions almost free then, compared to BTC?

If BTC wallet are free, I'd expect BTC to promote that kind of freedom everywhere, even when sending

BTC from one (free) wallet to another (free) wallet

[Cart]

XRP they have pledged to keep their coins in escrow and keep them locked away. This is a big point for keeping the price stable

[karel88l]

Little offtopic: What is your opinion on cryptos which are somewhat tied with government i mean Waves (Russia) and Neo (China) ?

[admiralmutiny]

XRP they have pledged to keep their coins in escrow and keep them locked away. This is a big point for keeping the price stable

Isn't this the problem? A private company now controls 40% of the supply. They are free to manipulate the market just like big central banks.

[pogpog10]

You made great explanations there friend and i totally agree with your. I don't wanna put my money into centralized projects. I don't trust them anymore. We should support decentralized coins because that's how crypto should work.

[Icey47]

No matter the negative comments towards XRP, I would still definitely invest in it as I have done my own research and will definitely observe proper risk management.

[stantpro]

XRP has recorded a staggering 163.5-fold increase in value. In crypto, think in market cap. Not price per coin. Market cap gives an estimate of the potential growth. Price per coin doesn’t mean anything as the supply for each altcoin differs.

[TheBTCpost]

Thanks Pal for this significant information to us, this would be a great help to me and a big warning in investing in the XRP.

I got in on ripple about 5 or 6 months ago after a supoman video recommendation and just held still holding. I can’t shit on it as I have seen huge gains but I don’t use it or fully understand the concept. I know it’s a payment gateway for banks but is it successfully and who they are working with in the banking industry not too sure. I’m not sure when to cash out into btc either. Feels like a good time but this altcoins boom feels like it can go on further for ripple

[zorranco]

USDT coverd by FIAT?

Muhahahahaahahahahahahhaahahahaha

[cryptocommoner]

Looks like it's on its way to the moon! 

[AVAMONEY]

Thanks for the details warning explained. I was wondering how this XRP was increasing so much in recent few weeks. With centralized by bank, this coins are could be manipulated and any chance to be freeze in later. By now, there only short-time investment if we need to gain profit from trading it, else way by long-term investing i will not advise it.

[Georgi Tsankov]

Ripple is way to centralized to be used for long term investment, it can be manipulated at any time. I will much rather invest in anything else than ripple. The only case for it is short term speculation. Nothing more.

[Zakhal]

Apart from this single bump & dump Ripple has been one of the worst performing coins (or should I say tokens) I have had since the summer. As an investor I dont see any value in it. I can instantly think of 20 other coins that give better profit and are not fully controlled by single company.  

[Barao de Ipanema]

Ripple was made for banks 

[bbc.reporter]

I reckon, Ripple labeled as not a real cryptocoin is wrong. It might be better to label it as a different flavor of a cryptocoin. It also is backed by the maths.

But what I do not like about it are the missing transactions at the beginning of its ledger. That should be investigated.

[leopard2]

I did buy a few Ripple, and I don't mind about it. Even if they freeze Ripple anytime soon, I don't regret buying a few. The growth is slow but steady.

If they manipulate us for their gain, I would treat XRP like I'm donating for a good cause. I'm still grateful for owning a few Ripples though, even if I lost them in the dust I don't really care.

Cryptocurrencies are unpredictable, especially Ripple.

Yes for having fun and speculating a bit, it is great.

Trouble is, some people have bought it very low, and they are shilling it all over the place having dollar signs in their eyes. But sure enough they forget to mention that it is not a cryptocurrency but a token in a corporate payment network

Paypal or Visa could issue a token, too, but at least then people would understand.

[antsin]

Well good that I am already out of this coin. Its just looks like repeat of XVG on a better coin.