Thank God, XRP Ripple going to crap

[DustyRah]

I am very happy to see XRP Ripple getting sued by the SEC and going to crap. It was basically a closed system owned by a few people used to milk money out of everyone.

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

[1714272038]

1714272038

[1714272038]

1714272038

[1714272038]

1714272038

[1714272038]

1714272038

[1714272038]

1714272038

[JimboToronto]

I can't believe that some people lump together Bitcoin with scamcoins like Ripple just because they use a blockchain.

Yes, Bitcoin may have initiated blockchain technology but it's not the important thing. Decentralization, limited supply, peer-to-peer networking, proof of work, and total lack of any company or other organization are far more important.

Ripple is a fail on all counts.

[Torque]

Can they now dump Ethereum please?

[electronicash]

if it was just another altcoin, the price could have dived to $0.01 already. if XRP suddenly turn this tide, i may just be buying some but will just wait til i see clearer view.

SEC suddenly sees them now when it should have been done way back before 2017. but would regular users see this to be too big to fail if price not taking a dive below $0.10?

[exstasie]

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

Down the slide right into BTC and traditional altcoins.

They still haven't made clear what the boundaries are. I would love to see this case decided at trial so we have clear precedent set. Multiple SEC officials (including Jay Clayton) said ETH is not a security even though it was launched as an ICO where the developers and Foundation pocketed 16.67% of the premine.

Can they now dump Ethereum please?

Fat chance. The SEC likes Ethereum. They've made it pretty clear they aren't coming after them.

With 2.0 coming, I'm expecting the opposite. Like DASH proved, hybrid POS will create massive incentives to accumulate ETH and remove it from the market. It's going sky high in the next bubble.

[thecodebear]

Yeah this was bound to happen. SEC regulated ICOs out of existence, at least in the form they were in 2017, and XRP is no different. It was always clearly just a fundraising token for Ripple, which is exactly what a security is. XRP crashing and burning is great for the market, though obviously I feel bad for anyone holding this shit coin, but holding XRP was always one of the riskiest crypto investments. It's always been absurd to have XRP among the top coins. The only surprising thing is that the SEC didn't do this back in 2018 when they started going after ICOs and after XRP and Ripple blew up the year before.

Only way I see XRP or Ripple surviving this is if SEC decides to be lenient on them to allow them to at least keep operating their business, and only charge them some big fine (and probably dumping all the XRP the company and founders still hold) but allows them to continue doing business, that would at least allow the business to continue, but it still might kill off XRP, and I don't know how dependent on getting money from XRP the company is to keep their operations going.

[thecodebear]

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

Down the slide right into BTC and traditional altcoins.

They still haven't made clear what the boundaries are. I would love to see this case decided at trial so we have clear precedent set. Multiple SEC officials (including Jay Clayton) said ETH is not a security even though it was launched as an ICO where the developers and Foundation pocketed 16.67% of the premine.

Can they now dump Ethereum please?

Fat chance. The SEC likes Ethereum. They've made it pretty clear they aren't coming after them.

With 2.0 coming, I'm expecting the opposite. Like DASH proved, hybrid POS will create massive incentives to accumulate ETH and remove it from the market. It's going sky high in the next bubble.

Yeah US Government needs to get more clear on, well, everything crypto haha.

Agreed ETH is gonna appreciate massively in the future. Bitcoin has all that institutional money coming in, and for ETH staking and 2.0 will drive ecosystem expansion plus locking up supply. Plus ETH will probably start getting a little bit more of that institutional money as well. Everything else is well, altcions, try to catch the boom and avoid the inevitable bust.  I dunno how big ETH will get this next year or whatever for this market cycle, since 2.0 will be only partway through its transition, but in 5 years there's no doubt ETH over $10k.

[cAPSLOCK]

It took us just a few posts to end up @ "But muh <fav-alt>".

Disclaimer.  I too have a fav-alt, lol.

[DustyRah]

Waiting to see it tube below $0.16 so Litecoin gets ranks above it. I hope they remove it altogether from all exchanges and CMC.

[maxreish]

They have some issues with SEC that is why there are rumours that xrp aill going to be delisted with some exchanges. If they couldn't settle this issue this may possibly going to be down at unvaluable price.

Seems these huge dump affected by that news. Those who holds xrp until now should make a sincere decision whether they continue to hold or not.

[JimboToronto]

It took us just a few posts to end up @ "But muh <fav-alt>".

Disclaimer.  I too have a fav-alt, lol.

Not all altcoins are total corporate crap.

How about the original altcoin, Litecoin?

Decentralization, limited supply, peer-to-peer networking, proof of work, and total lack of any company or other organization, no pre-mining?

Yep. No problem. It's still not Bitcoin though.

Ethereum? Halfway there. It may not be totally corporate, but it is premined and unlimited and when it goes from POW to POS it becomes a complete POS.

[cAPSLOCK]

It took us just a few posts to end up @ "But muh <fav-alt>".

Disclaimer.  I too have a fav-alt, lol.

Not all altcoins are total corporate crap.

How about the original altcoin, Litecoin?

Decentralization, limited supply, peer-to-peer networking, proof of work, and total lack of any company or other organization, no pre-mining?

Yep. No problem. It's still not Bitcoin though.

Ethereum? Halfway there. It may not be totally corporate, but it is premined and unlimited and when it goes from POW to POS it becomes a complete POS.

Yup I hold trivial (as a percentage of my hoard) amount of Litecoin.  But it is in a distant spot 3 behind Monero the only coin I hold a significant amount of aside from BTC.

We all have our pets.  But Ripple was and is a terrible stain on the entire sector.  It is an abomination.  And even the Libertarian in me kind of hopes that the scammers behind it go to jail.  Hmm... I suppose that is the statist in me rather than the libertarian.  Although I think it is possible to make a fairly good argument that what the Ripple people did was a criminal attack on unsavvy people even without getting into whether or not individuals should be able to print money.

People have been prosecuted for much much less than what Garlighouse and McCaleb and the rest of these scammers have done.  I hope they get strung up by their toenails.  Seriously I would be pleased to see jail time.  Billions of it.

[log2exp]

Ethereum has been riding on bitcoin's coat tail for too long, time to cut that crap also.

[stompix]

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history.

There will be no 10 billion just how at the end of November there weren't 30 billion in this shitcoin, if "investors" will be able to pull even 1 single billion before this failure of a coin goes where it belongs it's going to be a miracle.
Also, volume manipulation much?


Anyhow, Christmas came early, who's next? Imagine the popcorn if they go after Binance and the fireworks if USDT (highly unlikely) will follow.

Not all altcoins are total corporate crap.
How about the original altcoin, Litecoin?
Decentralization, limited supply, peer-to-peer networking, proof of work, and total lack of any company or other organization, no pre-mining?

Doge does all of this much better, many features, such wow!  
Oh, and seriously speaking, I would say Doge is far better than almost all of the top30 coins that are outranking it in terms of market cap.

Fat chance. The SEC likes Ethereum. They've made it pretty clear they aren't coming after them.

The former SEC! William Hinman who was somewhat of an advocate for ETH left, Clayton is next, I have a bad feeling on who is going to take over.

[fortunecrypto]

I am very happy to see XRP Ripple getting sued by the SEC and going to crap. It was basically a closed system owned by a few people used to milk money out of everyone.

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

It's happening right now just yesterday the price was 50 cents now it's only 23 cents and keeps going down, what happens to Bitcoin when news of the pandemic broke out is now happening to Ripple, so where are the people who say that Ripple will beat Bitcoin, this could be the end for them if there is no good news coming from Ripple or SEC we will see Bitcoin going down to 1 cent, and maybe out of the top 5

[Ken_terrance]

I am very happy to see XRP Ripple getting sued by the SEC and going to crap. It was basically a closed system owned by a few people used to milk money out of everyone.

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

I'm sure people like you will prefer DeFi projects over XRP, you know what? I will sacrifice every other DeFi projects for XRP, if XRP is what you said it is I wonder what keep the project alive for many years now, many new projects can't even deliver the half success that XRP have delivered in the past years, why the hate?

[suchmoon]

I'm sure people like you will prefer DeFi projects over XRP, you know what? I will sacrifice every other DeFi projects for XRP, if XRP is what you said it is I wonder what keep the project alive for many years now, many new projects can't even deliver the half success that XRP have delivered in the past years, why the hate?

Nice strawman, but now that you mention DeFi - it's about time for some law enforcement agency to look into those scams too.

Success XRP "delivered" LOL... well, getting sued by the SEC is quite an achievement, I'll give you that. Most shitcoins don't even get on the SEC's radar.

[JimboToronto]

I am very happy to see XRP Ripple getting sued by the SEC and going to crap. It was basically a closed system owned by a few people used to milk money out of everyone.

I hope everyone sells off their XRP and the entire 10 billion goes down the slide into history. This will also set a precedent to any private businesses not to try and create a 'currency' which they own all of it as it starts off and try to sell it and milk money out of it.

I'm sure people like you will prefer DeFi projects over XRP, you know what? I will sacrifice every other DeFi projects for XRP, if XRP is what you said it is I wonder what keep the project alive for many years now, many new projects can't even deliver the half success that XRP have delivered in the past years, why the hate?

Defi? Ripple? All crap.

Pre-mined, corporate, centralized, unlimited supply garbage.

Anyone gambling their money on that trash instead investing in real Bitcoin deserves their poverty.

[Samayuki]

How many of you guys are using crypto for their main purposes? 99% of you guys are here to make money and where that money will come from doesn't matter, I've seen few crazy niggas making the best ROI from projects you'd called shitcoins, every one has their own strategies


SEC of XRP ass doesn't mean it's the end for XRP, is XRP the only project that SEC was after? Of cos not, and again those past projects that SEC targeted, are they all dead right now because of SEC involvement? I'm laughing right now simply because too many people hates Ripple

[moderator's note: consecutive posts merged]

[suchmoon]

How many of you guys are using crypto for their main purposes? 99% of you guys are here to make money and where that money will come from doesn't matter, I've seen few crazy niggas making the best ROI from projects you'd called shitcoins, every one has their own strategies

Sounds like Bitconnect sales pitch.

There are also people who "make money" by scamming old ladies. That doesn't make it right. And for every "successful" shitcoiner there are thousands of broke bagholders.