XRP - The 2nd Biggest Scam in Digital Currency History

[zasad@]

https://bittrex.zendesk.com/hc/en-us/articles/360054838991-XRP-Market-Removal-January-15-2021

"Bittrex will remove XRP markets on Friday, January 15th, 2021 at 4PM (PST).

The following markets will be removed:
• BTC-XRP
• ETH-XRP
• USDT-XRP
• USD-XRP"

"Thus, at the time of writing, the following companies have imposed restrictions on XRP trading or suspended support for a digital asset:

Bitstamp;
Coinbase;
OKCoin;
Simplex;
Galaxy Digital;
Jump Trading;
Coinmama;
OSL;
Beaxy Exchange;
CrossTower;
Bitwise;
B2C2;
21Shares."

https://xrp-buy.ru/kriptobirzhi/izvestnye-birzhi-prodolzhajut-priostanavlivat-torgovlju-xrp-no-est-i-polozhitelnyj-moment/

[poodle63]

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.

His word holds truth but it's definitely wrong for centralized exchange. These centralized exchange obeys the law and providing us services meanwhile crypto that's supposed to be our "new" currency shouldn't be owned by anyone. Just imagine if bitcoin was owned by satoshi and he could creates btc out of thin air, do you think btc will be this relevant like it is right now?

[btcb3g1nn3r]

Are you saying that it might be that my first dive into crypto is going never come up to surface?
I just bought XRP for 50EUR
If all what you say it's true, I won't be sorry as I really think 50EUR as self training in crypto and trading it will worth!
I would have loved to buy BTC but not at today's price...

[Oneandpure]

My local exchange have begin announcement for delist ripple and become almost exchange have giving schedule for listing this coin, last announcement from Bittrex have update will delist ripple coin on 15th January, I think almost coin only Binance exchange keep waiting what happen between SEC and ripple for clearly problem delist or not for ripple coin. Many people have ready loss much money after investing with ripple and look not get good news after investigating by SEC.

[btcb3g1nn3r]

I can convert it anytime in different crypto, I'm still in learning phase so it's not a regret having such purpose in mine.
My long term holding will be BTC once it'll drop at a convenient price.

[naira]

Are you saying that it might be that my first dive into crypto is going never come up to surface?
I just bought XRP for 50EUR
If all what you say it's true, I won't be sorry as I really think 50EUR as self training in crypto and trading it will worth!
I would have loved to buy BTC but not at today's price...

the mistakes you do you can accept as lessons in the future. it is like that sometimes in investing, we must be really prepared if this has happened. Plus nowadays many exchanges announce that XRP will be deleted like bittrex and make prices dump, you should immediately secure your funds before it's too late.

[oprahwindfury]

Speculators of this coin won't be content with this current severe circumstance with swell, perceive how cost of xrp has dump so hard, I truly felt for the individuals who purchased high on account of the airdrop,Many public consistently observes XRP as trick project and many don't think since it is difficult to think, being in top 3 on cmc isn't a joke.

[btcb3g1nn3r]

Are you saying that it might be that my first dive into crypto is going never come up to surface?
I just bought XRP for 50EUR
If all what you say it's true, I won't be sorry as I really think 50EUR as self training in crypto and trading it will worth!
I would have loved to buy BTC but not at today's price...

the mistakes you do you can accept as lessons in the future. it is like that sometimes in investing, we must be really prepared if this has happened. Plus nowadays many exchanges announce that XRP will be deleted like bittrex and make prices dump, you should immediately secure your funds before it's too late.

I think I just made my first earning! I just converted now the XRP I bought earlier today to USDT and I see about $1 profit...it's kinda funny as I have the feeling is pure gambling )

[ReliabilityAlert222]

If it's true, whatever you are saying then it should be rejoicing in the cleansing of scam coins from the broader market. This coin will be a step as soon as possible about their coin in regards of huge investors. At this critical moment the coinbase has published an article in it's social network and Ripple has clarified some instruction about XRP transaction. So, I hope everything will be finished by the happy ending.

[BitcoinPanther]

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 .

The thing with XRP is that they started illegally as claimed by US SEC.  They represent themselves as security yet they did not register on SEC reason why they are being sued.  How can you differentiate fraud and scam? 

[trauchot]

For a long time it was possible to make money on investments in XRP, but unfortunately this time has passed and now the price of XRP is falling and falling and soon XRP will not be traded on any top exchange and perhaps this is the end for XRP, or perhaps not, so we need to wait a while and it will already be visible there.

[Houdini76]

xrp situation is very bad but we need to wait because xrp is the 3rd highest currency in crypto market we don't be panic in the situation and don't be blame too fast I personally believe xrp will recover herself very fast in the alts bull run in the next year

These are the classic XRP shills/botnet that have been spamming these forums and all outlets for years by the way. The single most intricate and aggressive marketing agencies & individuals of any crypto.

Its obvious you have an agenda. Did you lose big on XRP at some point? Can you explain to me HOW XRP is a scam coin? All I hear is scam this scam that but nobody presents any evidence. You do know that the UK and all other countries accept that XRP is a currency and not a security yes?

[kawetsriyanto]

I think XRP or Ripple or whatever you want to call it will be dead soon,

You are too early saying this. It is a top coin, I don't think XRP will too easily become a dead coin. Someone ever said that XRP is still can be alive even it has no owner. Also, it very possible if Ripple to be acquired by a new owner and he fixes all the current problems in Ripple. So, don't judge too early, mate! We are better to wait and monitor first what to happen in XRP (Ripple).

[fr4nkthetank]

>All I hear is scam this scam that but nobody presents any evidence
>>100% premined coin.

IS THERE ANYTHING ELSE SIR

edit:  USDT is also a major scam, my memory is rusty but exchanges/services run by somewhat shady people ( in the eyes of the gov ) were cut off from international finance and their shady bank accounts in shady banks.  Therefore they created/used tether as a substitute to actual USD and thus imagined themselves free from all those above problems.  IF people cannot withdraw and deposit "real" money then how can you pump and dump?  You cant.  So they literally pumped the market with imaginary USD.  

>Tether admitted that some of their "cash equivalent" reserves included holdings of bitcoin.  They have also put out garbage statements about reserves that, in legal terms, say absolutely nothing.

Do I actually need to continue

[ene1980]

I am not a big fan of XRP but i will not call them a scam but it was an experiment and the product was successful as it was able to attract investors which was evident when the price started rallying and when you hear a verdict by the SEC you cannot come to a conclusion that it was a scam as majority of the projects in existence was an experiment of some sorts.

[Tash]

Lets look at some of the facts of this piece of crypto junk
    • Ripple Inc sued by xrp investors and process ongoing
    • Ripple Inc in trouble with SEC
    • Ripple Inc have previously been fined
    • XRP validator operating nodes transmitting money without a license (will have legal issues at some stage)
    • Marketcap is wrong, the real Marketcap is the sold XRP for which tax has been paid for
    • xrp genesis ledger is Number 32570 and not 0 like any proper coin
    • Ripple Inc has contingency plan to become a software company if xrp fails
    • Contract agreements only affect Ripple and have nothing to do with xrp.
    • From  technical perspective a single xrp works as well as 100 000 000 000
    • It is 100% centralized as one company and only one company sells and controls all supply
    • Banks have and will make the own tokens (Banks dont pay fees...they collect)
    • Only a handful of people hold third of all XRP
    • Ripple gifts XRP's or bribes “partners”, crackpots sent money to get some
    • Circulating supply has decreased from time to time, what a joke
    • Out of thousands of coins only 2 have ever been hacked (XRP, XLM)
    • Dev was gifted 1 Billion XRP for loosing part of the database (ledger 1-32569)
    • XRP cant scale (the hardware just simple is not up to it)
    • Ripple manages are a massive financial burden (overhead)
    • Ripple INC investors and XRP gamblers are at opposite ends, (one provides the money for the others luxurious lifestyle)
    • Hostile takeover, yes possible with Ripple Inc
    • 50% of circulating supply got released on a single day August 2014
    • Genesis time stamp 1.1.2013 (can we have a giggle)
    • How much does it cost to make a XRP (the real price of a product)
  
Satoshi more than a century ago https://bitcointalk.org/index.php?topic=57.msg415#msg415

"the price of any commodity tends to gravitate toward the production cost" and "in later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around".

Selling an ordinary apple for $100 is a scam


Legal analysis about why XRP is in serious trouble:
https://howeyfeeling.medium.com/what-the-ripple-complaint-tells-us-about-ico-tokens-afe3c36f100f


Edit:
Yearly inflation (Technicaly it is not, but its a endless sell)

Date		Supply		Increase		Inflation
2013-12-29		7 817 889 792
2014-12-28		30 978 075 200		23 160 185 408		296,25%
2015-12-27		33 537 439 933		2 559 364 733		8,26%
2016-12-25		36 003 596 482		2 466 156 549		7,35%
2017-12-31		38 739 144 847		2 735 548 365		7,60%
2018-12-30		40 794 121 066		2 054 976 219		5,30%
2019-12-29		43 319 477 613		2 525 356 547		6,19%
2020-12-27		45 404 028 640		2 084 551 027		4,81%

Average last 6 years is 6.59%

[Roidz]

I am not a big fan of XRP but i will not call them a scam but it was an experiment and the product was successful as it was able to attract investors which was evident when the price started rallying and when you hear a verdict by the SEC you cannot come to a conclusion that it was a scam as majority of the projects in existence was an experiment of some sorts.

In this case I agree with you that in fact XRP is not a coin scam, but the current demands of the SEC seem clear that the two CEOs of Ripple, Larsen and Garlinghouse, are storing and selling unregistered private XRP for a total of around US $ 600 million and of course This violates securities regulations and in the SEC lawsuit says that Ripple has raised more than US $ 1.3 billion through digital asset securities offerings and it is these many scandals that will make XRP sink faster.

[Banulit]

I dont think the xrp should be called scam however the CEOs of it must answer all the intrigues and accusation about them to clear things for ripple because of the fact that these two CEOs are selling xrp which are unregistered that makes ripple in the midst of scandal. But I do believe that after this SEC lawsuit xrp will rise once again.

[litepool.ru]

I dont think the xrp should be called scam however the CEOs of it must answer all the intrigues and accusation about them to clear things for ripple because of the fact that these two CEOs are selling xrp which are unregistered that makes ripple in the midst of scandal. But I do believe that after this SEC lawsuit xrp will rise once again.

yepp, they're not a scam, and what they've done to this market is getting a lot of attention. Through this incident, most people have blamed ripple but i think they are doing everything to stay in this market. Anyway, iam not happy with the events that happened in the past, it cost me a lot of money.

[Coin_trader]

I dont think the xrp should be called scam however the CEOs of it must answer all the intrigues and accusation about them to clear things for ripple because of the fact that these two CEOs are selling xrp which are unregistered that makes ripple in the midst of scandal. But I do believe that after this SEC lawsuit xrp will rise once again.

yepp, they're not a scam, and what they've done to this market is getting a lot of attention. Through this incident, most people have blamed ripple but i think they are doing everything to stay in this market. Anyway, iam not happy with the events that happened in the past, it cost me a lot of money.

They are not a proven scammer as of now since there is an ongoing lawsuit against them but it doesn't mean that they didn't commit a fraud. Stop being a solid fanboy or fangirl and look at the facts available. Ripple clearly violates the law that's why SEC is attacking them, If they are really clear of violations, They should not facing this trouble at the first place. Think straight and trade safe. Its better to avoid XRP for now..