XRP - The 2nd Biggest Scam in Digital Currency History

[Zemomtum]

Is XRP really a scam? I will doubt that. The major concern of the crypto community is the centralization which goes against the norm of the blockchain revolution. let's see the end of this lawsuit before we conclude. Anything as of now will be hasty.

[IkonaDro4ku]

...

I agree with you, but the fact that the ripple is now so big I agree with you, but the ripple is now so big that it is now influenced by other laws. I mean the example "Steal a dollar and you are a criminal, steal a billion and you are no longer a criminal".

[Bitcoin_bullish]

To those who've been seeing XRP shills fill this board for years, in the comments and making threads, on social media and etc, just know that the vast majority of these accounts are manipulated bots and guerilla marketing teams that have been pumping their scam for years.

As you can see on display in this thread, the botnet and puppet network of XRP's marketing is in full-force mitigating the damage. 0 Rep, Spammy, New Accounts.  

Something similar happens today with Chainlink, also with Verge earlier and many times lately in politics. XRP shills were sometimes catching many idiots that followed these shills thinking this was doing good for their investments and grown this scam too much. Usually, you will find these shills right at the top price, when the whales or the devs that run this shitshow want to dump. I'm more interested in the total collapse of the centralized Ripple shitcoin that had a sole purpose to create a diversion from the real investment that is Bitcoin and made so many people lose their money and their focus which should have been Bitcoin.

While we all know that Ripple is not decentralized, we can say the same for most altcoins. I don't see the decentralization level of Bitcoin in anything and this is what powers it. Anyone that claims we shouldn't speak of Bitcoin being decentralized should know that all other centralized attempts are failures and just have Ripple as an example. The only centralized currency a government won't harm is the one they create. e-Gold was shut down. The reason was centralization. A government could shut it down just as they can with Ripple and XRP. The real power of Bitcoin is decentralization.

[Slow death]

the XRP army was reborn and the price went up again by 40%. as long as they have this army the people who let themselves be fooled by the wave will be the most affected and will accumulate a lot of losses and all because many people believe that one day the price of XRP will reach $5 and that now it is cheap, I already I saw a lot of comments about it

XRP price just surged 40% in a surprise relief rally — Here’s why

[Tash]

The fifth exchange stop trading now
https://twitter.com/Bitstamp/status/1342506058397474822

[Sebas.tian]

All is not lost yet which means it is not worth sinking the ship completely SEC will change the ripple and make them pay a fine and then everything will be fine, you will see

Do i hear you said if they are file they will pay and everything will be fine?, i don't think same becasue of the their offenses(operating illegal coin and called it cryptocurrency). If they are to be file Billions of dollars will they still go ahead with the project?, i mean on a long term. They may be trying their tricks as usual but within some time frame they will collapse completely IMO.

[Tash]

All is not lost yet which means it is not worth sinking the ship completely SEC will change the ripple and make them pay a fine and then everything will be fine, you will see

Do i hear you said if they are file they will pay and everything will be fine?, i don't think same becasue of the their offenses(operating illegal coin and called it cryptocurrency). If they are to be file Billions of dollars will they still go ahead with the project?, i mean on a long term. They may be trying their tricks as usual but within some time frame they will collapse completely IMO.

Purchasers could argue they purchased XRP under false pretenses and can demand refund if XRP is found to be a security.
If it is a security = bankruptcy.

[tvplus006]

The XRP dump we've been seeing over the past 7 days is not related to the Ponzi scheme allegations, but to the SEC's statement about the sale of unregistered securities in the form of XRP coins to Ripple and its management. It should be recalled that in 2015, the US Department of justice and the Treasury Department stated that XRP is not a security, but a "convertible virtual currency". I think that this opinion should be taken into account by the court when making a decision on this case.

[lunnatic]

this reminds me at Bitconnect, but I still can't say that Ripple is also a scammer,
yes even though they are investigated by the SEC, but Ripple still has the possibility to refute the allegations,
I'm sure XRP will win and the price bounce to $ 1 and more.

[Shasha80]

To be honest I still don't believe XRP will be in the situation it is now, I'm sure the XRP developers are under pressure right now. Because if
they lose in court I'm sure XRP will be delisted from many exchanges and this could turn XRP into dead coins. Therefore, I have never believed
that centralized coins like XRP, which are supported by many banks, will indeed be very prone to scams. Let's just wait for the results of the trial,
if the SEC succeeds in proving the charges, XRP is certain to die.

[bittick]

https://twitter.com/coinbase/status/1343685626001039360


Coinbase will be suspending all of XRP trading on January 19. it's very good to see that the biggest scam in crypto industry will be dead. There will be a huge waves of dump come from the ripple holders.
Ripple will worth zero value soon. how do you guys feel about that? it seems to be a real thing.

[doctor877]

Sec had to come at exactly the right time. Even though alot of us aren't comfortable with the way it works. It's simply evident that xrp isn't a cryptocurrency. Am patiently waiting for more that will exposed.

[asriloni]

Lost 40% today already. It's insane.

Usecase for pump and dump only. Not a real crypto IMO

FYI this is not crypto but this is a quick rich scheme for Jed and his family.
This coin has no use case and so all of XRP executives are lying. This is an illegal security coin that must be taken down by SEC.

If SEC will be winning and XRP will be a illegal security coin and it might get 100% decrease and the price of ripple connect will be worth zero value.
Jed will be dumping his 200millions USD worth of ripple to the market soon. That's a scam. People should realize if ripple will be the next bitconnect.

I think xrp has pass the point of referring to it as quick rich project, this project was launched years ago and has always maintain a good rank on the cmc list, I thought the sec is investigating another project conducted from the ripple lab and not xrp, xrp as a project id not the problem here but ripple as a company is.

it's not only passed but this is a complete quick rich Ponzi scheme. Coinbase, bitstamp, crypto.com will be halting XRP trade. this coin will worth zero value. Sell now or regret it later and that's the only choices that owned by the XRP holders right now. The volume will be decreasing so hard.
Despite being called a security token and this coin offers nothing other than bullshit promises. All of the fund, profit and anything went somewhere that no one knows where was it going on. Jed's family was always creating some quick rich schemes.

[crwth]

I'm not sure what would happen to those custodial wallets that are accepting XRP as their currency. Like in my country, they accept it, and it seems to be still operational. I'm hoping that it wouldn't be the case that it goes to 0. I wouldn't hope for USDT as well to become unusable and no value. I hope that everything would come to great terms for everyone. Some people rely on it, but I guess it's just going to be their lesson once it happens.

Is there any statement from the banks that are linked to XRP?

[jademaxxiss012]

Before I do not believe that XRP is a scam for it was a good coin. But if you can see the market of XRP from the past having 4$ per XRP recorded as ATH way back on 2017 was really good. But the coins continuously fall down even if community pushes the coins up by continuing to invest in ripple. This centralized digital currency shows a good example of being a bad digital cryptocurrency.

[Pamadar]

Situation is getting more worse day to day. XRP turn out a well known bankers scam coin that's probably rekt with all other investments. The moment XRP sued by SEC things turn reverse in XRP market, and now Coinbase shut down all service following the months.

Totally wrecked after this new announcement coming from coinbase.

The declined with the value keeps on moving downwards and expect that this action from coinbase will follow by  other Centralized
exchange, investors are now risking their money if they choose to keep their assets and wait for another bounce back.

[sensimilia]

SEC can sue any coin and this not make it scam. We should just accept that fact that sec can control crypto market too. At least, they can affect the price

[Tash]

Situation is getting more worse day to day. XRP turn out a well known bankers scam coin that's probably rekt with all other investments. The moment XRP sued by SEC things turn reverse in XRP market, and now Coinbase shut down all service following the months.

They have no choice, same as bitstamp or any other exchange, if not they will face fines too.
That this known scam if finally dealt with was surprise christmas present.

[Eddyc]

In my opinion the big problem at the moment for altcoins is to prove their theories and prove why investors and supporters should invest in the Project. The SEC has carried out a major operation to check whether the XRP complies with regulations to maintain a healthy balance. I believe it's too early to fully define this type of situation, but the figures show how news like this affects large valuations.

[Psynthax]

SEC can sue any coin and this not make it scam. We should just accept that fact that sec can control crypto market too. At least, they can affect the price

The hate toward XRP has been around for quite the time but SEC suing XRP will let us know whether the accusation turns out to be true or not. SEC suing it doesnt mean it scam until proven but its a red flag for us and a clue to whether invest to it or not.