Is it worth buying Ripple for the XRP Spark token drop?

[Bergkampsballs]

Hi,

With the upcoming promotion whereby you are offered free Spark tokens on 12th December depending on how many XRP you own I was wondering if people here think this is worth buying into?

I have seen a lot of suggestions that XRP is going to take off recently and this token drop along with the potential regulation from the SEC have been stated as the main reasons.

https://flare.ghost.io/claiming-spark-faq/

Is anybody here going to be buying into this giveaway?

[masterrex]

Hi,

With the upcoming promotion whereby you are offered free Spark tokens on 12th December depending on how many XRP you own I was wondering if people here think this is worth buying into?

I have seen a lot of suggestions that XRP is going to take off recently and this token drop along with the potential regulation from the SEC have been stated as the main reasons.

https://flare.ghost.io/claiming-spark-faq/

Is anybody here going to be buying into this giveaway?

Mate it has no guarantee that those forks coins will be the same worth as the original coin, thats why dont use it as a reason to buy XRP because what if the XRP price will dump after the fork just like what happened in the BCH fork people are hurry to buy the coin BCH in order to receive the airdrop coins but before the forking event the BCH price fell down that ended losses to those who bought BCH at high price things like that is not impossible to happen so just make sure that you are aware of what you are doing.

[tvplus006]

Mate it has no guarantee that those forks coins will be the same worth as the original coin, thats why dont use it as a reason to buy XRP because what if the XRP price will dump after the fork just like what happened in the BCH fork people are hurry to buy the coin BCH in order to receive the airdrop coins but before the forking event the BCH price fell down that ended losses to those who bought BCH at high price things like that is not impossible to happen so just make sure that you are aware of what you are doing.

In recent days, XRP has shown a good upward trend. And if this trend continues until the airdrop is received, it will be a nice bonus to the profit received from the Ripple exchange rate. In this case, it does not matter the cost of a new Spark coin, if the main purpose of buying XRP is not to participate in the airdrop.

[DabsPoorVersion]

Is anybody here going to be buying into this giveaway?

I might consider buying xrp to be eligible to receive the spark token,

However, I am actually having this thought the same as what @masterrex said, the price of xrp might drop before or right after the day of the airdrop. We never know what will happen, maybe we will receive a drop with the same value as xrp or lower than xrp. No one can tell that's why I am still observing and looking if I will ocnsider to continue buying or not.

[Bergkampsballs]

So, it seems that buying XRP in bulk now ready to sell on the day before the drop would be a low risk strategy that is very likely to return a nice profit?

Do you think that would that seem like a better strategy than actually waiting and collecting the tokens or not?

[ethereumhunter]

I am not sure. But if you want to wait for Ripple's rise, you can buy Ripple and don't think about the XRP Spark token because you only want to make a profit from Ripple. And if somehow, you can get the token, that will be a bonus for you, so you can expect to make a double profit. But that is only if Ripple and the token can increase in the future.

[tsaroz]

Ripple has kept itself in the spotlight for quite some time and ripple is safely oscillating between prices. So we can safely say Ripple is a good coin to have in your portfolio. I would not recommend anyone to move to Ripple just because some coins are being airdropped if it isn't in your plan but if you are planning to have some ripple now or in the future than getting free coins just for the price of one coin is great.

[cotton ball]

It is necessary to remember that airdrops like this have a high risk of loss because they are full of drama coins will suddenly rise so high after the airdrop ends the price will fall and make losses for everyone who has bought this XRP have made announcements about hard forks and airdrops will occur of course this will make prices soar more and more.

[raidarksword]

You never know what you gonna get during that airdrop sponsored by spark tokens for xrp holders, it may turn good or in a disappointment but let's see this coming December 12. Still, it's a good way for xrp to pumped this time and it's been a while it trended so hoping for the best for people who did buy the trend. This spark token airdrop it did really ignited people to buy just to get that rewards and hopefully who bought will get what they deserved.

[MoreStamps.Global]

The similar situation - when there was NXT:IGNIS airdrop. Price went too far because of this airdrop but IGNIS didn't perform as expected. You shouldn't buy something just because of airdrop, I believe.

[Bergkampsballs]

The similar situation - when there was NXT:IGNIS airdrop. Price went too far because of this airdrop but IGNIS didn't perform as expected. You shouldn't buy something just because of airdrop, I believe.

I'm starting to think that this may be happening already as it's gone up over 30% in the last 24 hours. Luckily I moved about 35% of my Crypto from Bitcoin to XRP yesterday and today and have swallowed most of that rise.

I'm still new to Crypto investing though so am not sure about the best strategy. I could take profit now in case of a correction but I think the most sensible strategy would be to keep holding until a day or maybe 2 days before the airdrop and then assuming the price has risen a decent amount, I would cash out early. If it hasn't risen much further then I could hold on and take the tokens.

Does this seem like a reasonable strategy?

[Xxmodded]

Hi,

With the upcoming promotion whereby you are offered free Spark tokens on 12th December depending on how many XRP you own I was wondering if people here think this is worth buying into?

I have seen a lot of suggestions that XRP is going to take off recently and this token drop along with the potential regulation from the SEC have been stated as the main reasons.

https://flare.ghost.io/claiming-spark-faq/

Is anybody here going to be buying into this giveaway?

Maybe this news make Ripple or XRP today cross to higher price and up more than 10% from last day, how potential of spark token for the future and how many ration for XRP holding get new coin, could you give more details when snapshot begin because I think this very good coin with many investor buy and hold XRP how can see today with raise up for XRP price, I don't get anything news why make XRP look have some thing positive effect because today Ripple look have any planning with short time to make price up, more than one month ripple looks hard to touch on higher price, just tonight we can see what happen with ripple could back again above $1 or really touch above $4 like happen three years ago where ripple reach to higher price.

[Sendi blackspade team]

It is necessary to remember that airdrops like this have a high risk of loss because they are full of drama coins will suddenly rise so high after the airdrop ends the price will fall and make losses for everyone who has bought this XRP have made announcements about hard forks and airdrops will occur of course this will make prices soar more and more.

You are right, there are always people playing big bucks for such airdrops. we have seen it happen several times in the crypto market with different assets. I wouldn't say that the XRP plan is a bad thing. but a plan like that has the worst that can happen even you experience.

[meanwords]

It is necessary to remember that airdrops like this have a high risk of loss because they are full of drama coins will suddenly rise so high after the airdrop ends the price will fall and make losses for everyone who has bought this XRP have made announcements about hard forks and airdrops will occur of course this will make prices soar more and more.

You are right, there are always people playing big bucks for such airdrops. we have seen it happen several times in the crypto market with different assets. I wouldn't say that the XRP plan is a bad thing. but a plan like that has the worst that can happen even you experience.

That's why you should always be ahead of the competition. Even if it's risky, millionaires are willing to spend in XRP because they know that people are naive. They'll probably dump as soon as the hype died down or as soon as the airdrop is released then profit from holders. 

[TastyChillySauce00]

I personally will not try to deal with it consider ripple is overvalued right now. When you are buying ripple this time and you are putting yourself into the big risk by shorting the ripple price. That means you must go out as soon as possible before another participants will be dumping their ripple.
If you can deal with it and that's not a big problem. I think that everyone can do that as long as they can deal with any situation.

[cryptogod322]

Yes, I already bought Ripple earlier and am waiting for this distribution. But I think that after the balance shots are taken, the ripple will dump heavily, so I plan to sell it quickly.

[shinratensei_]

Can you get more details about this giveaway?
does this also apply if we store on a centralized exchange ?? and what exchanges support this?

You can and what you need to do to visit the link that has been giving by OP. In that link, you will find all of the details regarding how to claim the spark token airdrop and what will be the requirements to be able to claim your reward.
If the exchange sites have been supporting the flare airdrop and then you can also ask the team directly about that.
you must also ask the exchange site directly whether the exchange site was supporting the spark airdrop or not.

[manfredmann]

Yeah it is worth though the market price before of xrp ranges to 0.50 - 0.60 $ but after seeing now finally I think it could reach to that point. For now the current XRP rate is 0.45$ and it is near that it could go reach again to that market price or possibly beat the XRP ATH during 2017. Or it will depend on the market with XRP. Actually this crypto is good when you were able to buy XRP on its bottom market price. The current market price is still low compared to ATH recorded 3-4$ on 2017.

[Golftech]

I personally will not try to deal with it consider ripple is overvalued right now. When you are buying ripple this time and you are putting yourself into the big risk by shorting the ripple price. That means you must go out as soon as possible before another participants will be dumping their ripple.
If you can deal with it and that's not a big problem. I think that everyone can do that as long as they can deal with any situation.

There's a need of deeper review and assessment before jumping into any decision, there are potentials if you
know how to play well, but if you are just playing without any knowledge that's the big risk for sure, anyone can
easily throw their bag holdings and make the the value to dumped down, knowing that the nature of this coin is
centralized and manipulation are possible being performed to this project. Be very wise before investing your hard
earned money.

[Rowenta]

Hi,

With the upcoming promotion whereby you are offered free Spark tokens on 12th December depending on how many XRP you own I was wondering if people here think this is worth buying into?

I have seen a lot of suggestions that XRP is going to take off recently and this token drop along with the potential regulation from the SEC have been stated as the main reasons.

https://flare.ghost.io/claiming-spark-faq/

Is anybody here going to be buying into this giveaway?

At first I will like to say thank you for sharing this XRP airdrop because I don't know about it until now, my answer is you are aren't losing out because presently its a smart decision to buy XRP and hold for altcoin season, it's last ATH in 2017 was 3$, it will definitely be very profitable this time because many are adopting, whatever happens with the airdrop token will be an extra income