Arguments against XRP, the biggest shitcoin.

[Script3d]

I don't see xrp as a shit coin on my own. It is just centralized. I usually consider a coin as shitcoin if the developers and team abandon it and nothing much is heard about the coin or its project but xrp is always in the news.

It can be also classified as shitcoin, because of how the developers can just apply changes freely, they can just basically print money, and the fact they own 70% of the coins they can just bury the price to the ground, the purpose of the coin was basically to make the developers wealthy.

[enhu]

If you have been trading XRP though  you will see how its going to be a great coin to trade specially if you see how cheap the transaction is. And the volume is very much huge that you can sell the coins you hold to one bid alone. No matter how you want to bring down the holders of the coin, it always end up going to be traded well. If you have bought the coin while the price was 2 cents, you must have projected it from the start.

[voltesbit777]

I don't completely agree with your comments. If XRP is a shitcoin,  then why XRP is the third largest market capitalization. That's a fact. From the start a lot of crypto enthusiasts are not fan of XRP. Until now, why don't they just leave XRP alone and let the investors decide whether XRP is for real or not. Why some people keep on dragging something that is on top?

[Vishnu.Reang]

Many thanks for posting this thread. XRP is one of the largest threats that cryptocurrencies face right now. The banks knew that it is always easier to destroy crypto from the inside. That's why they created Ripple, which calls itself as a cryptocurrency, but in reality more of fiat than crypto. XRP continues to fool inexperienced crypto users with its inflated market cap and manipulated exchange volumes. I never had any XRP in my wallets and the situation will remain the same even if it is able to overtake BTC.

[StatesManG]

The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.
To be prepared it's also important to know the dangerous shitcoins and avoid them.

The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:

• XRP has not a decentralised blockchain, XRP is centralised and is often called the coin of banks. This is bad because the banks are keeping their centralisation + power and get even richer.
• XRP is 100% premined and that is part of the centralization problem.
• The team of Ripple own almost 70% of all XRP, which is unethical.
• The coin XRP is useless if Ripple decides to change the system (that's possile and can happen when Ripple has made enough profit for the team or the banks want it).
• The market and the media are manipulated by Ripple with fake news: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
  and a large number of user comments on the internet are not from normal users, it's paid from Ripple to manipulate the people. XRP marketing can be compared to BCash marketing spreading lies.

Please everyone, if you have more warnings to add, please comment!  

this could be your perspective and observations about ripple but yet many still buy into it, companies partners with them and make use of xrp as a payment options, traders still trades it. Let's see how it goes in the near future

[Herbert2020]

The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.

the best advice that i can give a newcomer is that only because some altcoin has a high rank in some list on a website (like coinmarketcap.com for example) it does NOT mean it is a good altcoin. in fact most of the top ranking altcoins are the worst coins that exist.

as for XRP i can add that they can control all the coins on the network. they have already done it once that i know of where they took the coins of someone (i think one of the devs) without needing him to consent or sign anything.

[jonahjonah]

The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.
To be prepared it's also important to know the dangerous shitcoins and avoid them.

The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:

• XRP has not a decentralised blockchain, XRP is centralised and is often called the coin of banks. This is bad because the banks are keeping their centralisation + power and get even richer.
• XRP is 100% premined and that is part of the centralization problem.
• The team of Ripple own almost 70% of all XRP, which is unethical.
• The coin XRP is useless if Ripple decides to change the system (that's possile and can happen when Ripple has made enough profit for the team or the banks want it).
• The market and the media are manipulated by Ripple with fake news: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
  and a large number of user comments on the internet are not from normal users, it's paid from Ripple to manipulate the people. XRP marketing can be compared to BCash marketing spreading lies.

Please everyone, if you have more warnings to add, please comment!  

I don't have any more warnings, but I totally agree with you. Glad to see like-minded people. Ripple is shitcoin!

[webtricks]

~

this could be your perspective and observations about ripple but yet many still buy into it, companies partners with them and make use of xrp as a payment options, traders still trades it. Let's see how it goes in the near future

Greed supersedes intelligence. All investors care for is short time profit. They hardly think about the core of the coin they investing in. I still remember back in 2017, Ripple was selling at the premium 20-25% in India because there was the rumor that XRP gonna surge triple-fold. While in international market XRP was around $2.5 but in India it was selling for $3.3-3.5 and the buyers were the people who don't even knew what blockchain was. They were buying just believing the words of mouth. This explains all.

[tytanhamon04]

The positive news about bitcoin will bring lots of newbies to crypto and they will look for interesting coins for investments. Let's give some useful advice that they don't make wrong decisions and we show them the best coins of crypto.
To be prepared it's also important to know the dangerous shitcoins and avoid them.

The biggest shitcoin is Ripple's XRP and here are the most important TOP 5 points you need to know why XRP is a terrible coin:

• XRP has not a decentralised blockchain, XRP is centralised and is often called the coin of banks. This is bad because the banks are keeping their centralisation + power and get even richer.
• XRP is 100% premined and that is part of the centralization problem.
• The team of Ripple own almost 70% of all XRP, which is unethical.
• The coin XRP is useless if Ripple decides to change the system (that's possile and can happen when Ripple has made enough profit for the team or the banks want it).
• The market and the media are manipulated by Ripple with fake news: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
  and a large number of user comments on the internet are not from normal users, it's paid from Ripple to manipulate the people. XRP marketing can be compared to BCash marketing spreading lies.

Please everyone, if you have more warnings to add, please comment!  

I agree that the Ripple does not have a positive future ! All people think that their growth provoked the demand for the coin, but I believe that this is not so as the main task of the developers is speculation ! I think that most people lost money than earned on growth !

[bitcoinmar]

What you say most people know from a long time ago. When the project was started, the fact that you said Ripple was manipulated with fake information is not true. The recognition of banks and organizations using Ripple's technology has been confirmed long ago

[hummer113]

A great post for beginners who will now begin to come to the forum, I want to add that this does not prevent people from making money on XRP trading.

[kindbtc]

Although there are a lot of arguments against xrp and i know it is not decentralized and is run like a corporate company but i would say that i still like it because it is one unique project and as its name says it has already created a ripple effect among the financial and banking system so i see its importance for the future as well.

[chocopapaya]

To make sense of what the op said consider these things:

-Ripple has all the coins premined AND they own the vast majority of them.
This means that they have the power to manipulate the price of the coin anytime they want.
In fact, this has been the case.  XRP regularly pumps then dumps.  It is the company Ripple unloading coins onto the market and cashing out.

-XRP is a centralized blockchain.
This means that it is not open source, distributed, or transparent.  If that's the case, there is no need for blockchain at all.
They are only using crypto as a fad to sell their product more when the core technology has no use since its centralized.

-Fake news
This one has been well documented.  Just google it.  All of the "major" partnerships they have with banks aren't real.
Their announcements are misleading.  Their market penetration is not anywhere what they claim it to be.

Put these all together and what you have is an unethical company you shouldn't deal with.
On top of that, the price of XRP is totally speculative.  It is not sustainable and will eventually crash spectacularly.

[rjp55]

XRP is really a shitcoin a centralized one.

It is speculative, have a very limited purpose and everything can happen without it, so it is basically shitcoin.

[Capt00]

If I'm not mistaken when I was first heard that XRP was manipulated by the government of India and it is a centralized coin.
I invested this coin way back in 2017 which is this coin is more profitable than now, unluckily I 've lost 40% from my investment because I sell it when I know that it was a centralized coin and at that time XRP price was continuously dropping out the price. I personally ignore this coin.

[sri.bima]

Maybe I have known for a long time about XRP which has no decentralized blockchain and centralized XRP. But I don't understand the reason the Market and the media are manipulated by Ripple with fake news. Will this continue until everyone is aware of XRP fans? Then why until now XRP is still popular? I am a little confused to understand the truth.

[Bitcoin Smith]

We cannot easily say this currency will not going to perform in the future well so in this time that Ripple also developing little by little so we cannot say this will be worth for investment and also we cannot say this will not had a bright future everything all about how investor making its useful things for his profit

[mrdeposit]

All your words are absolutely right. What interests me, most of us know about it, then how the price was increased so much. Already the price increase is over 40% and XRP is still in third. 

[zero714309]

The funny thing is when im reading this thread XRP price already raising by day to day and the price is increased. Even your word is right and even we say all altcoin is shitcoin we still (trader or investor) need altcoin to get profit.

[BlackFor3st]

You have a good information to consider XRP a biggest shitcoin. I wonder also if you have invested in XRP before or you are only a trader who wants to stop in trading shitcoins like XRP as you have mentioned.

Other traders and investors have different views, others just didn't care about the project structure as long as they earn. But I am pretty sure that your voice will be heard especially if this kind of monopoly will continue.