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Author Topic: Arguments against XRP, the biggest shitcoin.  (Read 551 times)
chenille
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May 14, 2019, 12:30:26 AM
Last edit: May 14, 2019, 12:46:45 AM by chenille
 #1

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!  Smiley

~chenille~
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May 14, 2019, 12:31:03 AM
Last edit: May 19, 2019, 06:12:13 PM by chenille
 #2

Further information:

Ripple fake news got busted: https://www.cryptonewsz.com/the-army-of-xrp-is-a-pack-of-bots-finds-out-an-analyst/11873/
Ripple keeps selling their bags: https://ambcrypto.com/ripple-releases-1-billion-xrp-from-escrow-wallet-as-new-month-dawns/
Ripple is pre mined: https://coinmarketcap.com/de/currencies/ripple/

~chenille~
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May 15, 2019, 06:15:47 AM
 #3

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!  Smiley
I am just so happy that people are seeing with me what I have been saying about xrp and no longer interested in the project no matter what they have been doing to make sure that their project remains a success, one thing I know in the Crypto space is that you can't force your way to prominence but you can only do it by creating a project that everyone loves and want to be a part of, xrp needs to understand this obviously.
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May 15, 2019, 07:19:09 AM
 #4

Maybe for some people XRP is shitcoin, but community and trader still receive XRP as one of blockchain currency even they are centralized. I dont think if XRP is shitcoin, because their technology adopted by enterprise.

 
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May 15, 2019, 11:09:53 AM
 #5

Nothing new about Ripple I think anyone who has enough brains can see what a bad investment Ripple is if you are thinking of the long term. Probably what people do not understand is that even with all the 200 banks of the Ripple network, XRP cannot really grow because none of these guys are actually transacting in XRP. So until XRP is used by these big guys, no price action.

But,,, I do believe XRP will recover to 1 dollar. Temporarily maybe but for sure.

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May 15, 2019, 11:37:51 AM
 #6

I don't think I completely agree with your assessment.
Ripple was always very forthcoming with the fact that they were centralized, they've also been very open that they were in control of the XRP supply.

The fact that they're not centralized doesn't make it a shitcoin, that's just your personal definition you're giving it.

They have completely different business model than other forms of cryptocurrency, but that doesn't automatically make it a bad coin.
It has different use-cases, sure, I kinda view it as a link between banks and cryptocurrency.

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May 15, 2019, 12:01:22 PM
 #7

I appreciate your opinion about XRP because you review in detail to give an opinion like that even though I disagree completely. I don't think XRP is shitcoin because their development team is doing enough




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May 15, 2019, 12:07:49 PM
 #8

I appreciate your opinion about XRP because you review in detail to give an opinion like that even though I disagree completely. I don't think XRP is shitcoin because their development team is doing enough
Ripple has got a good development team which is the one that has made the cryptocurrency to get listed to the top. Quite often we get an statement that ripple is a centralized platform, though it is centralized there is not much of manipulations. The continued partnering of ripple with different financial ventures keep the value of ripple grow further apart from its centralization which is termed as a flaw in cryptocurrency.

 
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May 15, 2019, 12:11:17 PM
 #9

It's true that XRP is a centralized coin, which the founder own the biggest bag and they can decide to dump big on the market whenever they feel like doing so, but they won't want to kill the project. A guy in my group has been about telling group members to keep buying XRP, I asked members to be-careful of bankers. I will buy some ripple if I had the money and take profit at any slight pump not totally a shitcoin until the team announces otherwise.

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May 15, 2019, 12:15:14 PM
 #10

There is no real long term future in Ripple. Some people are using it just to make some money by speculation. I have seen many newbies using holding it. It could be that it appeals to them that it is connected to the banking system. Banks probably instill confidence in newbies. The other advantage newbies may see in Ripple is its low nominal value, so they think they can amass a lot of XRP hoping for a 10 times gains. I have never had any XRP, never will.
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May 15, 2019, 12:29:03 PM
 #11

Yes XRP is centralized but don't forget it's one of the oldest coins (since 2013) still existing after going through numerous controversial attacks both from the community and the media that other altcoin won't survive if they were to go through what XRP have gone through, that's to prove irrespective of what you think of XRP they have one of the strongest team in the altcoin-ecosystem and have proven themselves trustworthy over the years unlike some Altcoin that dies off due to the smallest bear market period. Put that in mind when you decide to invest in any Altcoins, XRP have better chances of succeeding and less risk of scamming you than some exit scam shitcoin you're about to invest in.

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May 15, 2019, 01:28:35 PM
 #12

Just because Ripple is crypto centralized, then you don't have to think that bad about ripple. Today XRP is in the top 5 to defeat other decentralized crypto, meaning this coin is really well developed. I better choose XRP than shitcoin.


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May 15, 2019, 02:48:54 PM
 #13

hey chenille you might like to read my thread i posted a few weeks ago about ripple https://bitcointalk.org/index.php?topic=5128696.0
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May 15, 2019, 02:56:31 PM
 #14

Not everyone will share the same idea with you about ripple, we know for fact that ripple is the banker's coin and is highly centralized but even at that some traders prefer ripple to some other coins in the market. It all depends on the experience of individuals on the trading ground but even at that we can judge from the price and it chart movement.

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May 15, 2019, 02:59:34 PM
 #15

No more points needed,when something is centralized it just remembers the same of banking money system we are here because we don't want that to be in future as well so XRP is just a shit coin.

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Adriano2010
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May 15, 2019, 03:05:34 PM
 #16

Indeed i also think xrp is not a good coin to invest, better choose another coins which is not centralized, and i think the price of xrp will drop over time and is not good to invest on.

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May 15, 2019, 03:28:30 PM
 #17

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.

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May 15, 2019, 03:35:01 PM
 #18

Personally, I would never own XRP, I don't really have a problem with it besides the fact that it seems to be the anticrypto crypto.  When I first started getting into blockchain and cryptocurrency I was reading about XRP and I was a little excited about it.  Then as I started to dig in and realized it was being created by and for the big banks that most cryptos are trying to free themselves from, I lost pretty much all interest.  Please feel free to educate me if I didn't understand it correctly.  I know a lot of people have been doing really well for themselves trading and holding XRP. Personally, I just can't do it though.
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May 15, 2019, 03:45:30 PM
 #19

I don't like XRP, to me it is nothing more than a centralized bankers coin that gets pumped every now and then with flashy news and whatnot and not because of actual development or demand. But, I wouldn't stop people from trying to "invest" in it. Like I said before, XRP gets pumped with dumb news and potential partnerships that end up being lies, but if you're smart, you can actually make some decent profits off of it. Just look at what happened yesterday, just because of a simple tweet from Coinbase, XRP went up by 20% in satoshi levels.

What OP listed is pretty much basic stuff that any long-term holder should know before investing in this coin (the fact that the devs hold 70% of XRP is a big red flag for the long-term). But anyone not worrying about fundamentals who's looking to make some profits in the short-term, this coin might be a decent choice at least compared to way bigger PnD shitcoins/scamcoins that are running wild in the market.

Just remember that, like any other altcoin, investing in XRP is a big gamble, but I'd say it's a safer bet than trying to invest in 'small market caps/under $1 shitcoins vaporware projects'.

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May 15, 2019, 03:47:10 PM
 #20

And do not forget that Ripple doesn´t mean XRP. XRP is a token created by Ripple, but they do not promise any use of this token on its “financial platform“.

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