XRP - The 2nd Biggest Scam in Digital Currency History

[bittick]

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

You should learn about the guidelines about issuing the security coin from SEC rather than try to talk BS about what you didn't understand about that. SEC was not blatantly suing any coin.
Bitcoin and ethereum will never be sued by SEC as it's fulfilling all of the requirements by SEC. It's not about controlling the market and that's a non sense thing.
You should visit SEC's site and learn more about that.

[LogitechMouse]

I know that behind all of the controversies that Ripple faced throughout the years, they still have a very large community supporting for them and the coin itself.

Now that they are facing a huge problem right now include also the fact that they owners are owning a huge majority of the supply of it, the trust to this coin will go low to the point that only the people who really really trusted this coin will be the one who will left. Is XRP a scam?? Too early to tell since they are still fighting for their problem right now but if they lose then we might say that it really is a scam. Same with Bitconnect but in a different way . A more professional way of scamming investors .

[Vishnu.Reang]

You can check the posts that I made about XRP many years ago. I have always tried to warn newbies about XRP. But the problem with scam projects such as XRP is that they are very good in spreading their propaganda through social media. It is easy to convince the new and inexperienced users to invest in such projects, promising sky high returns. Anyway, the results are there for everyone to see. The XRP prices have fallen from 3,600 Satoshis to around 800 Satoshis in just one month. I sympathize with everyone who lost their money in XRP, but you guys were warned.

[tbct_mt2]

I know that behind all of the controversies that Ripple faced throughout the years, they still have a very large community supporting for them and the coin itself.

Those communities were built up and grown to help the adoption, expansion and pumps and dumps of Ripple. I believe that everyone who were in crypto market in the 2017 or 2018 would never forget the exponential pumps of XRP. It is the days when everyone saw the potential of XRP but sadly that they mostly stucked at the all time high of XRP.

Weeks ago, after many weeks of gradual falls, the coin bounced back and created hope for their communities. The lawsuit were released and seeded to destroy all short-term gains of the coin.

You can check the posts that I made about XRP many years ago. I have always tried to warn newbies about XRP. But the problem with scam projects such as XRP is that they are very good in spreading their propaganda through social media. It is easy to convince the new and inexperienced users to invest in such projects, promising sky high returns. Anyway, the results are there for everyone to see. The XRP prices have fallen from 3,600 Satoshis to around 800 Satoshis in just one month. I sympathize with everyone who lost their money in XRP, but you guys were warned.

I think Ripple is risky as its centralization but to say the one is scam, I don't agree with you. You can call it as centralized cryptocurrency and consider their developers as liars if they seeded wrong term and usecases for their coin as the lawsuit pointed out. But they are not scammers in term of language and accusation, personally I think so.

[Tash]

You can check the posts that I made about XRP many years ago. I have always tried to warn newbies about XRP. But the problem with scam projects such as XRP is that they are very good in spreading their propaganda through social media. It is easy to convince the new and inexperienced users to invest in such projects, promising sky high returns. Anyway, the results are there for everyone to see. The XRP prices have fallen from 3,600 Satoshis to around 800 Satoshis in just one month. I sympathize with everyone who lost their money in XRP, but you guys were warned.

The issue no-one reads a post this days, everyone just "thinking". Checking 3 times cmc, yeh still there that's good enough. Not in a million years is that number reflecting the market value of xrp, pure junk and a scam to catch the easy fool.

[MCobian]

It is even more terrible to see the current condition of XRP, imagine that XRP has lost 70% of its market cap after the SEC accused XRP
that its security was not registered. Even Peter Schiff also commented on Twitter regarding the problems that XRP is facing, if XRP loses
in court it will end. Although I am not a supporter of XRP I am a little convinced that XRP is able to prove that their suspicions are wrong.
Because it is impossible for the XRP development team to let its 6 years of hard work go to waste, especially when XRP has the support of
many large banks.

[sangkler11]

The day of reckoning has finally arrived and this is should be liberation for all legitimate cryptocurrency teams out there. Ripple set out to create a remittance platform under the pretense of being a "cryptocurrency" when in fact, XRP has never and will never be a cryptocurrency. It's a centralized ponzi scheme that has been reportedly going on for 7 years, since 2013. I and many others have been calling out this scam for years now. Anyone halfway serious and understands crypto, knew this day was eventually coming and should be rejoicing.

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.

Altcoin markets took a very short shock, but since have all but recovered and will quickly resume their pace with Bitcoin. XRP in fact, had an insignificant impact on the crypto markets and any markets impacted will soon recover. This is a day you shouldn't fear, but should rejoice at the cleansing of scam coins from the broader market.


The biggest scam, which will cause a shock to crypto markets (for better or worse, capital flight will fly to other stablecoins and or back to Bitcoin) is Tether, USDT. This is the next monstrosity that will be targeted in the near future and will have a direct impact on all crypto, but it's long overdue. Tether prints billions of dollars and is the single most obscure and least transparent of any stablecoin, even moreso in the last 2 years when it overthrew XRP for the top spot.
 

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.  

This is a really biggest scam in history, I saw a video about the XRP scam about 2 months ago, and it was true.
but why did the price of XRP not immediately drop to the bottom, why are there still people buying it ??

[Vishnu.Reang]

I think Ripple is risky as its centralization but to say the one is scam, I don't agree with you. You can call it as centralized cryptocurrency and consider their developers as liars if they seeded wrong term and usecases for their coin as the lawsuit pointed out. But they are not scammers in term of language and accusation, personally I think so.

In a strict sense, I may agree with you that it can't be classified as an all-out scam. But consider these facts - XRP had almost a 100% premine. The promoters still own somewhere between 80% and 90% of the circulating supply (either directly, or indirectly through firms such as the Ripple foundation). The promoters created an artificial scarcity, by keeping most of the tokens away from trading. This helped them to inflate the exchange rates, and the market cap. These practices would be illegal, if XRP was an equity and the trading was done through a stock exchange.

[FaucetKING]

Tk808, i must say loudly that i am proud of you!
I think that you can remember me, you gave me a couple of merits in the past that i really appreciated so much. I wanted to say that i had all these ideas you wrote in my mind since a long, very long period of time and what really drived me insane is their relations, they have powerful relationships and they even reached Moneygram, who the hell can get in touch with such a big money transfer association? That wasn't a normal move at all, they got a helping hand from that company that i always have hated it, Moneyshit.
These are giants, whales having thousands and thousands of united states dollars wanting to move them and make more money using their balances, so they went up and created Ripple, i used their system a couple of times in the past but what really made me scared is the trading graph back in 2017 and 2018, it moves insanely in the levels of 10 - 5 cents normally, they have a huge number of circulating shitty coins with alot of investors ready to grab a profit anytime that's what explaines the huge trading volumes and the huge price movements. I really never trusted Tether and the company behind it, they are the main reason why BTC is pumped so fast, they are not worth the trust too. Keep being safe guys and never, never, ever deposit alot of money to their system. Use them for low-fast transactions, be safe, please.
68% sell decisions in Coinbase for XRP, people are afraid! 

[Untomabur]

The day of reckoning has finally arrived and this is should be liberation for all legitimate cryptocurrency teams out there. Ripple set out to create a remittance platform under the pretense of being a "cryptocurrency" when in fact, XRP has never and will never be a cryptocurrency. It's a centralized ponzi scheme that has been reportedly going on for 7 years, since 2013. I and many others have been calling out this scam for years now. Anyone halfway serious and understands crypto, knew this day was eventually coming and should be rejoicing.

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.

Altcoin markets took a very short shock, but since have all but recovered and will quickly resume their pace with Bitcoin. XRP in fact, had an insignificant impact on the crypto markets and any markets impacted will soon recover. This is a day you shouldn't fear, but should rejoice at the cleansing of scam coins from the broader market.


The biggest scam, which will cause a shock to crypto markets (for better or worse, capital flight will fly to other stablecoins and or back to Bitcoin) is Tether, USDT. This is the next monstrosity that will be targeted in the near future and will have a direct impact on all crypto, but it's long overdue. Tether prints billions of dollars and is the single most obscure and least transparent of any stablecoin, even moreso in the last 2 years when it overthrew XRP for the top spot.
 

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.  

This is a really biggest scam in history, I saw a video about the XRP scam about 2 months ago, and it was true.
but why did the price of XRP not immediately drop to the bottom, why are there still people buying it ??

It's quite strange not to see the condition of ripple like this but there are still many people who buy it,
do these people not know about this news?
and for now I wonder what will happen to Ripple whether it will end like this or survive

[pungopete468]

They were able to rank in a good position in crypto world so I cannot fully say that they are scam base only to what you have written here, I am not trying to defend the XRP team as I didn't care much about them especially that their price is in bad position as of this moment and I am not that fan of XRP also.

What will be better is to disclose a valid and solid evidence that XRP is 100% scam and is a centralized ponzi scheme that is running for several years already so you can give a concrete allegation here that can be address to all the XRP holders and also to XRP team.

[Samayuki]

XRP is not a scam project, I will never believe such accusation, over many years now XRP maintained good value and with huge max supply too, if this is some new projects today the value would have dumped, also XRP won't make it to top 10 If it's that bad, whatever happens I hope this project will stand up again and surprised all the haters

[Rodeo02]

They were able to rank in a good position in crypto world so I cannot fully say that they are scam base only to what you have written here, I am not trying to defend the XRP team as I didn't care much about them especially that their price is in bad position as of this moment and I am not that fan of XRP also.

What will be better is to disclose a valid and solid evidence that XRP is 100% scam and is a centralized ponzi scheme that is running for several years already so you can give a concrete allegation here that can be address to all the XRP holders and also to XRP team.

If they are scam they will not have a good partnership with many remittances around the globe such as MoneyGram Western Union and many other company they have even have different partners from Japan so I don't know the reason why they end it like this when other country that like technology use it already. It's not the end we can see bright future of it if they will move to other country and forget about US investors .

[kram31]

Centralized means should not be trusted with our money, even though XRP is still standing I don't think there are people who are interested in holding that coin which can be realized with the current price even when the crypto market is in a bullish state for a very long time with its ATH.

You mean, all centralized exchange platform must not be patronize? how about Binance, Kucoin, and more that are asking KYC,  those are centralized platform isn't that right? And As far as I heard about in XRP where up to now still they are facing some issues, in which I think its not good to buy or hold for the long term about this coin of Ripple it was really not a goo time for it, probably when the issues is done, perhaps I could say they can continue invest in it again.

[Vishnu.Reang]

You mean, all centralized exchange platform must not be patronize? how about Binance, Kucoin, and more that are asking KYC,  those are centralized platform isn't that right? And As far as I heard about in XRP where up to now still they are facing some issues, in which I think its not good to buy or hold for the long term about this coin of Ripple it was really not a goo time for it, probably when the issues is done, perhaps I could say they can continue invest in it again.

It will be wrong to compare cryptocurrencies with exchanges. With exchanges, you always have a choice in using the Dex sites and P2P platforms. All that said, investing in XRP doesn't look a wise decision now. When investing in cryptocurrency, I always respect one of the golden rules - don't try to catch the falling knife. It's price has fallen from 4,200 Satoshis to less than 700 Satoshis in a matter of few days. It will go down even further in the coming days. You are going to regret, if you make an investment at this point.

[Tash]

Centralized means should not be trusted with our money, even though XRP is still standing I don't think there are people who are interested in holding that coin which can be realized with the current price even when the crypto market is in a bullish state for a very long time with its ATH.

You mean, all centralized exchange platform must not be patronize? how about Binance, Kucoin, and more that are asking KYC,  those are centralized platform isn't that right? And As far as I heard about in XRP where up to now still they are facing some issues, in which I think its not good to buy or hold for the long term about this coin of Ripple it was really not a goo time for it, probably when the issues is done, perhaps I could say they can continue invest in it again.

I lost count of all exchanges closing  or running away with other peoples money.
Not your keys not your property.
KYC another scam before sending anyone all kinds of personal data it needs to be established who will get to see it and have access to. Also any new person needs to be approved first.
Know who you deal with is first step. A legal contract requires at least two willing parties.

XRP price is pure fictual, not atached to anything, as only one company is selling they sell at what ever the can get away with. The few million coins in traders hand dont matter.

[Oneandpure]

Bad news for XRP after investigating by SEC and know ripple position on coinamrket cap take by litecoin, I think waiting few days later for ripple delist from all exchange market and become bad reputation for ripple have good position on exchange market should delist. Many investigating with ripple project become how this coin not recommended to buy right now because almost exchange have stop working for this coin for deposit, withdraw and trade, just waiting when available your ripple coin could be sell and you should sell all.

[jaberwock]

If XRP will fall, I don't expect investors will still go for altcoins, they might loss some trust on altcoins, instead they'll invest on bitcoin and that will make the dominant rate of bitcoin to increase even more. Imagine how big the money coming from XRP if people will panic to invest in other coins.

As you can see from the prices of the altcoins, you could definitely understand that people do not lose hope from altcoins, thye just lose hope from XRP and that's it. All other alts have gone up in recent days while only XRP goes down, which is enough proof that alts are still in a bull season and increasing like crazy while XRP goes down. Which means people finally realized that XRP is a centralized and bad project and they should stay away from that while they still love crypto and what it stands for.

I hope that they do not end up losing a lot of money with the other centralized currencies because there are a few that they invest into, but I believe it is not going to be something they will acknowledge themselves before something major happens like it did on XRP. I said XRP was too dangerous to invest way before this happened but nobody cared, now they see what I was talking about. Crypto is good, centralization is not.

[Jamesdila1]

Well the only good thing to say about XRP is that they understand the best way to make a cryptocurrency scalable is to give the middle finger to decentrality and trustlessness.

[Tash]

Well the only good thing to say about XRP is that they understand the best way to make a cryptocurrency scalable is to give the middle finger to decentrality and trustlessness.

Thanks for the good laugh. XRP and scaling, it just proves you are as clueless as they come or swallowed the xrp turd hook, line and sinker.