Why are people still buying XRP?

[TheBitcoineers]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

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[dothebeats]

Possibly trying to convince themselves that Ripple Labs will turn these lawsuits around and be some sort of a fairy tale ending wherein everyone holding XRP will get handsome profits. Seriously, with all those exchanges delisting XRP on their indices, it’s unwise to really push your luck into trading these coins since you’re left out with platforms that are relatively new and unproven when it comes to reliability and integrity. Also you’ll be facing liquidity issues since a lot has already dropped their XRP due to the news. At this point, only the delusional will have faith in XRP, and that’s no exaggeration.

[enhu]

There can be 2 main reasons for people still buying xrp:
1) Hardcore supporters that still have hope that xrp will come back stronger and its SEC issues will be resolved.
2) The traders especially those that trade on technical signals think that xrp price is cheap and at longterm support price so for them this is an attractive entry for them.

Traders somehow always think they are tricked and that the lawsuit is just part of the fud. After all, XRP still is working. Its technology didn't stop all because there is a lawsuit though. I tried using it many times since last wee as well. Withdrawing and cashing out XRP is just the cheapest option and while it looks stable, it should be useful. Many still will use it despite the case and it got alliances too.

[DarkDays]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Right, that's a good question. Why would people pay money to buy XRP after all the lawsuit and exchange disqualifications???

I'm puzzled just like you, and I can't say that people don't yet know about it, the lawsuit was covered by all media. Honestly, XRP turned out to be just a drag

[Kong Hey Pakboy]

I am also confused about why other people are still currently buying XRP, after the SEC issue because most exchanges have delisted XRP, so it will be huge risk if people will continuously buy XRP. I think investors are trying to take advantage on the cheap price of XRP, assuming XRP can recover it's price back if Ripple will resolve it's issue.

[bttmember]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Why they should not? Xrp is perhaps the most undervalued coin in the top 20 list so definitely it is attractive for investors, secondly do not forget that xrp has a big community and despite the panic and negativity it is still the 3rd largest crypto coin so i believe it is here to stay.

[MishaSER]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Perhaps people have the hope that they will win the court, if for a moment think about what will happen if everything goes in favor of xrp, then this is the most ingenious plan.

[bitmover]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Well, you got disinterested for the wrong reasons.

This 20 XRP is a required deposit to avoid the creating of millions of wallet that would be considered a spam or malicius usage of the network

Ripple ledger uses 20 XRP unspendable balance as a restriction measure to prevent the shared global ledger from growing excessively large as the result of spam or malicious usage.

https://support.atomicwallet.io/article/43-why-20-xrp-is-an-unspendable-balance#:~:text=Why%20Ripple%20Ledger%20has%20this,in%20the%20shared%20global%20ledger.

This is, by itself not bad. How much have you ever paid your bank or Visa in fees? You know that visa fee is about 2-5% of each transaction.

The problem with Ripple, which is basically the same of all other altcoins, is taht is it centralized.

As banks own a lot of XRP, i think it still have an upward potential. But after SEC investigation, that upward potential is considerable smalle.r..

[tycsols]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

Why do you think that xrp and ripple are done and dusted, if you follow them you will know they are working and it is business as usual for them so unless there is a serious ruling against them the project is here and what i see is that the majority of market players are still hopeful that the issues will get cleared soon.

[20kevin20]

Because people care about profit more than anything else. Crypto is used more as an investment than anything else, and we have to accept that. XRP is probably doomed and I hope it is out for good, considering the damage it's done to the markets mutliple times in a row.

[ScamViruS]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

People are buying XRP because they are probably expecting from the current state of XRP, the verdict in favor of XRP will be through the courts. All investors want to make a profit, the investors who are now buying XRP may have recently increased their holdings due to the huge dump of XRP.

[serjent05]

There can be 2 main reasons for people still buying xrp:
1) Hardcore supporters that still have hope that xrp will come back stronger and its SEC issues will be resolved.
2) The traders especially those that trade on technical signals think that xrp price is cheap and at longterm support price so for them this is an attractive entry for them.

Or it is possible that the ones buying hard are the developers themselves.  They have the fund from the long time monthly selling of their stash to keep the price and possibly pump them.  They are doing this to convince bystanders and observers that the XRP price won't be affected even though there is a lawsuit against them.  Which if successful will make the XRP market neglect and forget the current lawsuit against them. 

[blockman]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized.

The 20 XRP wallet balance isn't that much way back then and I don't mind having it on a wallet. It's like a safety deposit which will be landed to the wallets and won't be claimed anymore, forever.

But now, with the giant lawsuit, why are people still buying?

As long as it's purchasable through several exchanges that have it, you can't stop people to buy it. You even see people buy shitcoins.

[Quidat]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

BUY LOW SELL HIGH!
This had been the common reason because no matter how bad the news is, you cant really remove on someones mind not to take out actions on buying out while its still cheap
or there are bloods on the streets.People do usually get hesitant into these kind of times on where they thought that it would really die but eventually the price had
climbed up a week ago as far as i remember which is really a profit making opportunity to those who risk out on buying while its still cheap but of course at this
moment we are seeing that it is really dumping once again. Dead cat bounce?

[bittick]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

people are buying it consider about the profit that they can from it from there. RIpple traded at the bottom price and the short term traders were using it as a new bet to gain the profit from the bounce that can happen anytime. It looks like the price of ripple is going down again and the short term traders are leaving it for DOT.

[AmoreJaz]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

people are buying it consider about the profit that they can from it from there. RIpple traded at the bottom price and the short term traders were using it as a new bet to gain the profit from the bounce that can happen anytime. It looks like the price of ripple is going down again and the short term traders are leaving it for DOT.

i believe a lot are still interested especially those scalpers that are still getting profit from this market. i dont think most of them are thinking of long time hodling. the future of xrp is hazy at the moment, so holding it, is really quite dangerous. so i believe, most of these traders are just here for short term profits.

[Banulit]

The reason why people still buying XRP is because they are seeing that the price of it is very manageable and undervalue as of the moment. Also, even though ripple is having a lawsuit case they still believed that XRP will win and overcome this trials and once again rise up which will definitely give them a much better profit.

[asriloni]

The reason why people still buying XRP is because they are seeing that the price of it is very manageable and undervalue as of the moment. Also, even though ripple is having a lawsuit case they still believed that XRP will win and overcome this trials and once again rise up which will definitely give them a much better profit.

it's still over valued at this moment.

Ripple is still waiting for the new enforcement director to come and we will see whether ripple can still be used by SEC or not. The ripple holders were believing if the new director will have different perspective to the ripple.
It's the thing that being used by ripple holders to still bet into the ripple coin at this moment.
https://cointelegraph.com/news/xrp-price-fails-to-ignite-recovery-as-sec-enforcement-director-leaves-post

[maxreish]

I got disinterested in XRP back in March 2020 when I learned about the 20 XRP wallet minimum. That was a deal breaker for me because it requires people to invest some money that they will never be able to access again. Also, I did not like how XRP is centralized. But now, with the giant lawsuit, why are people still buying?

What do you mean 20 xrp minimum? Oh, or perhaps you are talking about some requirements of other non custodial wallets. 20 minimum should be stored to do some transactions. It doesn't matter to me, in fact I comply with their TOS.

On the other hand, am one of those who still bougjt xrp. As you know, even delisting and SEC suit issues were very noisy this past few weeks. As long as they are not yet official announcement from their own company then xrp will still be active and price will still flactuate and we can still trade it in some exchanges. As long as they are still buying this coin because they still believe that xrp will going to win this case, then it will still be a good buy.

[shoreno]

you mean some xrp wallets that you have used requires a 20 xrp minimum balance for you to continue using the wallet?  or it is a fee because you wont be able to use it again but that was the worst rule for a wallet that i ever heard of .

 i use xrp and xrp wallet last year but it didnt requires me to do the same . you need to stop using a wallet like that and search for another xrp wallet . that shouldnt stop you to use xrp but not for the last two reasons thar you have stated because those were already serious