Sell Ripple Now?

[flinty69]

Good luck making the CEO and those who own 66% of all the XRP rich.

who own 66% of XRP?

If you do really believe in crypto and want to capitalize gains on XRP, please use fiat in buying such and keep your precious BTC and ETH from the bankers. Have a great day!

can you explian why? I don't really understand the difference between buy with FIAT and BTC/ETH ~

Did you know the Ripple company has the large majority of all XRP in circulation? Which means that a $2 XRP implies XRP being the #1 Cryptocurrency in the world based on Market Cap (ahead of Bitcoin).

That's obviously ridiculous, and the only reason XRP price went up was due to taking XRP out of circulation. The partnerships are just rumors until we actually see something being used.

so basically, since the CEO owns most of the XRP, you are making him rich when he can decide to dump a ton of it on the market (as it gradually gets released from escrow).

That's the reason I will never trust XRP - not until the 60+ billion XRPs gets released onto the public. Until then, XRP is only a pump+dump coin - ride it up, and then sell it off.

1. Ripple has more partnerships with trillion dollar financial sectors than any other coin that I know of. These partnerships are not rumours but fact and with XRp they are closer to a working 'ripple is standard' platform than any other platform currently available.

2. Most coins and platforms have a CEO or directorate who own a majority stake in their coin or platform. It's not unique to Ripple. People like to try and use this as a negative against XRP but it's not unusual.

They will use the XRP platform, but XRP itself is not going to be used in anything. It has not been used in a single transaction, since banks will create their own platforms.

Just hold on and think for a second... if XRP's TRUE value is $2, then it means that the CEO and the group owning XRP are worth 120+ BILLION DOLLARS.

Jeff Bezos of Amazon, richest man in the world, doesn't even have a net worth of that amount.

And personally, I don't know any coin that has that much in reserve for its holders.

Are you claiming that Ripple founder is currently one of wealthiest people in the entire world?

I'm saying that XRP is way overvalued at $2, because it would make the guy incredibly rich.

Remember also that XRP was 0.25 until they pulled the "escrow" trick, spiking up prices. It didn't really have anything to do with partnerships - they had some of those all along.


Invest at your own risk! Personally, I just chose to invest in XRP-index XLM, which I dumped a few days ago.

Almost everything you just tried to reason could also be applied to any other coin or platform in the top marketcap. XRP is both a cryptocurrency and a platform. Many other cryptos listed are the same or are platforms and not currency. Most of them are overvalued because they don't have working projects. XRP is one of the few projects that actually does have something going for it. Most coins are overvalued but nobody seems to are about those. It's just the FUDders that want to try and pull apart XRP because it's not decentralised and they don't like the ethics (lol) behind that concept. I got news.... a lot of this doesn't make sense or is strictly right or ethical but people still invest. Why? Because they know they can make profit from investing in the coins they do. I know I would rather be piutting my money in a project which is getting mass media attention and and the support of hundreds of finanical partnerships that deal with trillions of dollars every day. As long as there is that prospect of profit ...all the FUD in the world isn't going to stop the market increasing (including XRP). By the way, I also own bags of XLM. If you dumped at it's $0.85 then you did well... if not then it will still do well.. just need to wait. Every coin will have it's turn. Why? Because that's the crazy world of crypto trading.

Well.. no, it can't be applied... what other currency has 66% of it locked up by a CEO? Virtually none of them.

No other crypto has a CEO and associates whose combined net worth would be 120 billion if XRP price was accurate. If XRP goes to 5 dollars, the CEO of XRP will be the richest man in the world for something that hasn't even been used once by one of the "trillion dollar" financial institutions (which one of them are trillion dollars BTW? JP Morgan is only multi-billion, and it's one of the largest that's not even using XRP. All the "trillion dollars" financial institutions are exaggerated).

It's not about the ethics really - all I'm saying is that XRP is a pump+dump coin (and yes, it can make a lot of money! I agree), because sooner or later 60 billion XRP will come into the market and dilute everything.

But ethically I don't believe in it either, but that's not why it's a pump+dump.

I want to also emphasize that most of XRP partnerships are with institutions that no one has ever heard of - many of them are "banks" from third world countries.

There is also no entity on Earth that deals with "trillions of dollars" every day.

But still, don't let me stop you. Not FUD, but facts. FUD would be talking about how XRP is shady and stuff. A fact is that the XRP CEO cannot possibly be the richest man alive.

How do you know other currencies don't have a large percentage of coins locked up? Just because Brad CEO has been transparent about business practices doesn't mean other CEOs and directors  aren't doing the same or worse? It's naive to think they are not. Also comsider, Mark Zuckerberg, 5th richest man in the world with a product that has not yet shown relative financial value. At least this sector deals with trillions of dollars...now this is where you mistook what I said. I never said specific companies were trillion dollar companies. I implied that if you take the sum of electronic transfers that happen every day around the world you can easily get to that sector being a trillion dollar industry of which ripple could play an integral role.

Partnerships with companies no one has ever heard of? Now you are being ridiiculous. LOL! Moneygram, American Express, Santander, Spain, Santander, UK, Canadian Imperial BoC, Unicredit, ...I can go on? I certainly don't consider, Spain, Canada, America or the UK as 3rd world.

What coin isn't a pump and dump? They are all pumped at one time or another and then dumped. That is the nature of trading!

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[Enjel]

^I'm not going to quote due to space.

It is well known that no other coin has the kind of distribution that XRP has, where its creators have all the supply, and can make the XRP market value whatever they want it to be. That's just a fact.

It's again, a fact that you don't dispute, that the current XRP valuation would make the XRP creators the richest people in the world by net worth.

Zuckerburg has a product that creates social value, which is more important than financial value. Life is not about money first and foremost. But that's a different story...

The banks that you mention are only testing out XRP technology - they will not be using XRP tokens in their transaction, but will rather just copy and create something similar or better than XRP.

The XRP creators will be paid a lot of money for the adoption, and the banks will issue their own tokens. Then XRP becomes worthless, because it isn't used for anything. At least Bitcoin is "the original" cryptocurrency, small supply and has name-brand value, making it viable as "digital gold".

I don't understand why people think XRP will be widely adopted? Why would a bank use XRP when they can just make their own network?

Again, I just say: "Invest at your own risk".

If you are confident that I am wrong, and that XRP will be widely adopted, then go ahead, hold some. I'm not stopping you.

(BTW, by pump+dump, I don't mean like going up 40%, then down 30%. I believe the true value of XRP, considering the stored supply, to be less than $1 per XRP, which would mean a massive plummet from the ATH. That's what I mean by pump+dump).

[flinty69]

^I'm not going to quote due to space.

It is well known that no other coin has the kind of distribution that XRP has, where its creators have all the supply, and can make the XRP market value whatever they want it to be. That's just a fact.

It's again, a fact that you don't dispute, that the current XRP valuation would make the XRP creators the richest people in the world by net worth.

Zuckerburg has a product that creates social value, which is more important than financial value. Life is not about money first and foremost. But that's a different story...

The banks that you mention are only testing out XRP technology - they will not be using XRP tokens in their transaction, but will rather just copy and create something similar or better than XRP.

The XRP creators will be paid a lot of money for the adoption, and the banks will issue their own tokens. Then XRP becomes worthless, because it isn't used for anything. At least Bitcoin is "the original" cryptocurrency, small supply and has name-brand value, making it viable as "digital gold".

I don't understand why people think XRP will be widely adopted? Why would a bank use XRP when they can just make their own network?

Again, I just say: "Invest at your own risk".

If you are confident that I am wrong, and that XRP will be widely adopted, then go ahead, hold some. I'm not stopping you.

well known or well rumoured with regards to XRP cicrculation. Cardano, NEM, Tron all have similar or larger circulations. You don't think Justin Sun has his hands on a good chunk of Tronix? Social versus financial...lol Nothing makes more money than the worlds financial industry. It's a beast. I can;t believe I'm having to explain this!

I'm sure ripple would win plenty of lucrative lawsuits should any of their banks try to steal their propietary technology. Let's face it, if Ripple are as rich as you say they are then they will be a dominant force to be reckoned with. Again though, this argument is not an issue for XRP alone but the whole crypto industry.

Don't worry I'm holding plenty and have made plenty from XRP and will continue to do so but thank you for the back and forth. Veyr enjoyable!

[jackjackfly]

You can sell ripple it won't hit more I think. It will always be a small coin. You can buy another coin for ripple

[Gabmot]

I don't think it will worth the glory if anyone should sell off his Xrp coins now. One shouldn't just hurriedly give out his coins because of a dip in price now. It's just a common occurrence in the cryptos world. The fact that any coin drops in price doesn't mean it will not rise again. No body knows what can happen before the next day. That just one of the unanswered mystery of the world we are. Thus, i wouldn't advice anyone to sell off his or her Ripple now. I believe strongly in the price sky rocketing in the coming days, months

[OgNasty]

Hello Everyone,

Ripple started to drop since Coinbase declared not to add any crypto's anymore.

Is this the moment to get rid of the Ripple we own, or does Ripple still have a bright future?

Thanks!

That depends why you bought it I guess.  If you bought it to use it, then this shouldn't be a concern.  If you bought it only hoping to resell it to someone else later for more, fully embracing the greater fool theory, then you should probably sell.

[Veseloff]

Hello Everyone,

Ripple started to drop since Coinbase declared not to add any crypto's anymore.

Is this the moment to get rid of the Ripple we own, or does Ripple still have a bright future?

Thanks!

That depends why you bought it I guess.  If you bought it to use it, then this shouldn't be a concern.  If you bought it only hoping to resell it to someone else later for more, fully embracing the greater fool theory, then you should probably sell.

Clearly here 99% of people who took a coin only for speculation, that to earn on it X's and I think have already earned, from this price and began to fall, as many began to drain

[osasshem]

Hello Everyone,

Ripple started to drop since Coinbase declared not to add any crypto's anymore.

Is this the moment to get rid of the Ripple we own, or does Ripple still have a bright future?

Thanks!

XRP will rise, all coins at most times always rise, it's just a matter of how long can you hold for you to get your gain. XRP is among the popular coins cause of its relationship with banks and all that...., which will make it to rise no matter the dip.

[aeternus]

Why would any one want to sell ripple just because one coinbase refuses to add it to her kitty. Even if the price drops more, it will definitely rise again.

Your strategy determines everything, if you are a short term trader then you could have sold some time ago and get bitcoin in return, however if you believe in ripple as a long term project that has good prospects in the future then you are free to keep your money there for the long term, I personally do not like ripple due to their associations with banks but to each his own.

[qendrimi12]

Things can change a lot in markets with pump and dump of coins.. But now that price is low is good way to but xrp and hold them till the end of year and see future of xrp and their project, it can hit 5-10dollar by end of 2018 so buy 0.5$ and sell at 5 it would be a good profit.

[5ensei]

Most people already bought ripple for pennies so they are still dumping now and making a profit. Those who bought over a dollar will have to cut their losses and invest elsewhere. Ripple is overly pumped, just take a look at the supply quantities and you will see if it's worth $2. After several years, no banks are using this coin and never will. It is too volatile, imagine if they used it 6 weeks ago and kept a supply. Now it is worth less than 50%, banks are not so foolish to risk money like this.

[donte872]

The whole market is falling very deep, if you sell the ripple now no different than you are giving away your fortune to whales waiting to buy the low price. Ripple has great potential so you should not sell out at the moment, that's my advice. I am also keeping a lot of altcoin on the rebound but I decided to keep the market going to recover in March. Have fun enjoying this time and do not worry about market fluctuations.

[BitProCoin]

Now is the time to buy because its price is down. So selling ripple now is a bad idea.

[Dpat]

The selling time of the Ripple has already gone. This is the time for accumulating more and more. Also, some other coin like DIMCOIN also. So, whatever you have remained in your wallet just keep it for another 6 months.

[breeze170]

Ripple took biggest hit when cryptomarkets were crashed. I think you already lost chance of dumping your ripple. Its better to hold & wait until market corrects prices yet again to higher levels.