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Author Topic: What are the benefits of buying XRP at present?  (Read 745 times)
bitkanu
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December 30, 2020, 09:22:42 AM
 #21

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.
The chance for XRP to win against SEC is relatively small compared with the chance for SEC to win against ripple. The future of ripple will be determined from this battle. I'm sure when ripple will be lose and all of XRP investors will be fucked up. Massive sell will happen and that will be driving the price to go down to the bottom price.

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Tash
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December 30, 2020, 10:37:04 AM
Last edit: December 30, 2020, 12:45:21 PM by Tash
 #22

Quote
What are the benefits of buying XRP at present?
None
SEC is just one legal front of trouble and not the only one, lets remember several court cases in action before SEC.
Also validator nodes transmitting money without a license, next leagal issue. Who will run a node if license is 6 figure sum and a note earns little.

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December 30, 2020, 11:07:35 AM
 #23

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
It will depend on what will be the verdict of the SEC regarding the case of XRP.

If the case will turn out to be in favor of XRP then expect those who bought at the bottom to have a big profit as it can be a reason for the token to rise again.
On the other hand, if they still lose unto this then the XRP's price will be a freefall. Investors who are holding it will be forced to sell their tokens at a loss. The token will be considered as worthless anymore and it can be another scam coin next to Bitconnect years ago.

Overall, buying now at the bottom in this case will be a gamble. High risk but high reward still.

 
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December 30, 2020, 04:24:37 PM
 #24

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

I notice that XRP is struggling, it was able to hype for a few months because of the airdrop but in just a short period of time the XRP prize are like dying.

I can see that it is pretty risky to ride the journey of XRP as of this moment even if their is a big chance that it can recover by next year if they can solve some issues in their side like SEC and etc. You can only benefit to XRP as of this moment if you will take the risk to buy more in this situation and hold it until the XRP price will recover someday.
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December 30, 2020, 04:35:56 PM
 #25

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Lowest possible value for any crypto currency is zero so you can't claim that current price of XRP is the lowest because the chances of prices will get further down is high due to the SEC restrictions. If you still consider there is any benefit of buying XRP now is you can become poor sooner than you expected. Tongue

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December 30, 2020, 05:54:53 PM
 #26

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
I think there are two options either they settle everything with SEC and second is after sec they should move to some crypto friendly region only then xrp could be back on track, the price is low but the risk is high so wait for more lower price if you want to take the risk.
I like your idea very much. Thank you for your valuable feedback
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December 30, 2020, 07:24:26 PM
 #27


I'd be surprise if someone still buys XRP at this time.
Everyone spread its a scam, they also have a case from SEC and the price just prove to be plummeting down.
If an investor still buys XRP, he must have inside information about its details that he expects profit in the end.
If you can read the statement given by XRP. A lot will become clear to you.

Our Statement On Recent Market Participant Activity

The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple. 

The SEC’s decision to file this action is not just about Ripple, it is an attack on the entire crypto industry here in the United States. We’ve always said that there is a dangerous lack of regulatory clarity for crypto in the U.S. — their lawsuit has already affected countless innocent XRP retail holders with no connection to Ripple. It has also needlessly muddied the waters for exchanges, market makers and traders. The SEC has introduced more uncertainty into the market, actively harming the community they’re supposed to protect. It’s no surprise that some market participants are reacting conservatively as a result.

In the meantime, Ripple will continue to operate and support all products and customers in the U.S. and globally. The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example. For eight years, we’ve built products that help hundreds of customers solve pain points around global payments — we will defend our company and look forward to settling this matter in court to finally get clarity for the U.S. crypto industry.

On a parallel note, we also look forward to working with all of the Commissioners and the SEC’s new leadership, once appointed. In all, the SEC Chair, six of his Directors from each SEC Division, the SEC’s Chief Economist and the SEC’s General Counsel have now departed (many left just last week). Our steadfast commitment to constructive regulatory engagement has not changed.

Source: XRP Twitter
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December 30, 2020, 07:31:09 PM
 #28

it's not a good decision, although buying at a low price is a good way to take advantage when the coin increases. but xrp is currently being hit and very risky if you take part in it. My advice is to invest in Eth or some of the top altcoins but not Xrp.
My analysis is that there is good news about the way XRP is coming in the market right now. It is possible to get a good profit out of here in a few days.
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December 30, 2020, 07:36:19 PM
 #29

it's not a good decision, although buying at a low price is a good way to take advantage when the coin increases. but xrp is currently being hit and very risky if you take part in it. My advice is to invest in Eth or some of the top altcoins but not Xrp.
My analysis is that there is good news about the way XRP is coming in the market right now. It is possible to get a good profit out of here in a few days.
My analysis it will crash soon,  on 1.1.2020 xrp it was $0,192667  now it is $0.226129 recently some very bad news that Ripple is selling an unregistred security. On top of this notes operating without money transmitting license, the next leagal issue to deal with.

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December 30, 2020, 07:52:23 PM
 #30

This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.
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December 30, 2020, 09:28:22 PM
 #31

It's a wrong call at this time. People are done with ripple and I don't thing iT can have any further positive impact in the cryptocurrency world. No benefit if you buy now, you will only be wasting your money.

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December 30, 2020, 09:38:20 PM
 #32

This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.

I think you dont understand why Ripple price went down. It is not because the market is unstable, it is due to SEC charges against Ripple. Current market is in good shape, grows everyday. What kind of stability you wait for? Stagnation? Why you think Ripple price will rise? Why not go down? I think opposite - Ripples price will continue to drop. Then the price will collapse and will recover a bit (if Ripple pays that fine) or not if Ripple to react. Convince me why it "will rise".

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December 31, 2020, 08:24:41 AM
 #33

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.

Look, it is not advisable to buy xrp right now. Even you think that this is the right time because xrp's price is at the dip but the issue is giving the coin a no value right now. More exchanges are announcing the suspension of any xrp transactions like trading but the fact that the issue will lead to the delisting of the coin so buying it now would be useless.
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December 31, 2020, 08:47:52 AM
 #34

With the present issue XRP is facing, I think it would be difficult for it to go higher in the market. A lot of people had lost a lot of money from it especially whales who are holding a huge chunk of XRP. Bad news keeps coming as time goes by, and even some platforms are suspending XRP pairs.
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December 31, 2020, 09:09:54 AM
 #35

Since the price of XRP is the lowest at the present time, what is the possibility of profit if I buy it at the present time? This project will not be in the market and will go away.
Well the thing is we don't know if it will go away or when will it go away, so, better we stay away, it's that simple.

This is the right time to buy as the price already fell down a lot and when the market becomes stable the price of XRP will rise and the panic sell time has already been over.
That's a risky trade calling you but I think it will be much safer if Ripple Labs has already been out of the lawsuit rather just thinking it's in the bottom of every technical analysis. You may have a overbought signal on the technical side but the fundamentals isn't that on the bright side.

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December 31, 2020, 09:33:56 AM
 #36

Well, i think that XRP will get some spikes before it dies or even before the SEC's final decision. I know alot about these traders shilling XRP, they love it because it brings them alot of profit, i'm nearly sure that they will try to pump it at any moment. It's weird that people still hodls their bags in XRP after that slight death in price, you can't expect people's movements or reactions and the most important part is that you must not follow their movements in the risky periods.
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December 31, 2020, 09:46:47 AM
 #37


If XRP can win against the SEC, the price will go up again and many exchanges will add XRP back, but if XRP loses. What you are saying is true XRP will go away.

You are right the situation is now 50-50. It is very risky to buy XRP right now despite a good fall.  Technical analysis will not work while XRP is under pressure from the SEC.
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December 31, 2020, 10:24:46 AM
 #38

I think it's too early to buy Ripple. The bad news about Ripple is still not over. Ripple prices could see sharp declines. You should set yourself a target price and I think that target should be at least $ 0.2  Wink

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December 31, 2020, 12:26:55 PM
 #39

Too much doubt about XRP right now. It's better for you to stay away for now, the hype of BTC is just starting and also there are other coins too that are slowly following. You may choose other than XRP, better be secure than risking too much.

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December 31, 2020, 12:34:55 PM
 #40

High return, i guess? But nothing guarantee that xrp wont continue to fall after such big scancal. SEC is really a coin killer. However, they do that just to protect the investors sfter shady activities of Ripple

In my opinion, ripple still have a change to regain its value. The team need to understand their extremely awful situation so as to drive the train to its correct path.

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