Why are people still buying XRP?

[Botnake]

There's a volume still in the daily transaction, but we could not verify if there are a lot of investors who are buying Ripple.  Actually this is a big coin, it will not easily fall but those who are buying it are really taking the big risk that their investment could go worthless once Ripple executives are proven guilty of a big violation.

[LogitechMouse]

Profits.

Lets face it, many traders gained a lot with XRP when it fell at around $0.20. Many people gained easy profit with Ripple and as a contrarian, I also bought some Ripple too at the $0.20 too and now at a profit. I'm not holding it for long term but I just bought them for short term and that is already an easy profit knowing that it already fell too much. I know that there is a risk on buying it but I took the risk and now I got rewarded and many traders took the risk too.

[Gunday_07]

To make more profits, idiots are those who believe that SEC is a project killer when there is no prove that SEC has killed a top project before, it's true that some projects never remain the same after SEC bounced on them but come on this is XRP for crying out loud, I doubt SEC will have bad effect on this project

[Anonylz]

To make more profits, idiots are those who believe that SEC is a project killer when there is no prove that SEC has killed a top project before, it's true that some projects never remain the same after SEC bounced on them but come on this is XRP for crying out loud, I doubt SEC will have bad effect on this project

It is something to consider because you don't know the extent to which the sec law suit will go and what damage it might likely cause to the project, this are some of the things people where consider when they decided to dump or sell their holdings when the issue started,
it is not easy to fight against the law especially when the offense is high, but if that company has a solid backing probably it will be able to withstand any pressure and survive.

[cilgindansci]

US President is now Biden. He selects new competents for institutions in the country. One of these appointments will be SEC related.
We will follow the new SEC President's attitude towards cryptocurrencies. I think the new SEC President will have very good results for Ripple.

[mu_enrico]

As I said, the Crypto market is irrational and highly manipulated. It doesn't matter if the coin was hacked, useless, scam, etc., as long as whales still hold it tight and the bot's algorithm is still function, we won't see the epic dump.

But, it will go to zero just like Bitconnect if the SEC gives its final decision to ban XRP.

[Imran232]

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?

It is a decision for expert traders what i think. People are leaving xrp because they are very afraid for suspend some biggest us based exchange but its not mean that xrp will be gone or it has no power to get back. Some of exchange suspend it for us not for world but it still in lots of biggest exchange. Now the expert trader see the potential and they know that it is in deep but the price will be high Again. That is why they take this chance to buy the coin in this deep price that is called another secret method in crypto market. That is why people still bying xrp.

[Bitstar_coin]

As I said, the Crypto market is irrational and highly manipulated. It doesn't matter if the coin was hacked, useless, scam, etc., as long as whales still hold it tight and the bot's algorithm is still function, we won't see the epic dump.

But, it will go to zero just like Bitconnect if the SEC gives its final decision to ban XRP.

very irrational and full of surprises but i know this won't linger for a long time, even if the whales are manipulating and trying to put up a front, it won't last long, i think the price of xrp is still moving up or down because the final verdict have not been passed just as you said, if i where investors of this coin, i will wait it out and hear what the final verdict will be before any kind of investment, they could be buying time with this strategy, just saying  

[kevinzxz]

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?

if I think they want to gamble by investing in XRP, because the price of XRP has fallen very far and of course if the price of XRP increases very high in the future (maybe there is something or news that could make the price of XRP rise very high) then they will get a lot of profit, but of course they must be prepared with a big risk, because it is possible that the price of XRP may not increase and instead go down.

[Deddyhoku]

They just want to earn money on it, speculations and nothing more. Im not sure that there are enough real supporters in the internet

[Shasha80]

A very interesting question, with a lot of bad news happening on XRP why are there still investors interested in buying XRP. Even XRP is still in
the top 4 cryptocurrencies, this actually confused me at first. But after I did my investigation, It turns out that there are still many investors who
believe XRP will provide big profits after solving the problem of the SEC accusations. But I think it's very difficult to beat the SEC in court, so I better
avoid investing in XRP right now. Until there is clarity of the final court ruling regarding the SEC's suit against XRP.

[BitindaHouse]

People buy XRP BECAUSE every coin has the ability to grow. Of course, it can fall, but as practice shows, then all coins will rise in value many times, I'm sure of that. !!!!!!!!!!!!!!!!!!!!!

[magneto]

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?

I actually got turned off XRP for exactly the same reasons as you.

The team doesn't seem to care about lowering the 20 XRP minimum, which should be the most logical thing to do after their coin went on a price hike for the ages. And although their main selling point was that they are a coin with real, fiat-world sponsors, that is really a double edged sword - it also means that their coin is totally centralised and really no different to fiat-economy financial services.

But it actually makes sense that people are buying. You have to take into account the price at which they are buying at, which is a huge discount compared to the highs of 2017. The majority are simply speculators looking to time a rebound, and/or hoping for some regulatory changes.

You have to understand that even the worst altcoins can be a bargain at a certain price.

[tvplus006]

It is obvious that not all countries share the position of the SEC in relation to XRP. Accordingly, it will not matter for all countries what decision the court makes in this case. So a few days ago, "UK Treasury officially equated XRP Ripple to cryptocurrencies along with Bitcoin and Ethereum, stating that it is not a security": https://atozmarkets.com/news/uk-treasury-classifies-xrp-exchange-token-not-security

[trauchot]

Many people see that the XRP price has dropped very much and therefore people hope that everything will be fine with XRP and people hope that all courts with SEC will end in favor for XRP and after all this people think that the XRP price will start to rise, most likely people are counting on this.

[adzino]

Due to this lawsuit, the price has fallen significantly. People are now buying at this low price. They believe that if somehow ripple manages to defend themselves, the price of XRP might skyrocket. So they are taking the chances. I would say really risky, but yeah without risk there are no profits.
What if even after defending themselves, "most" people loses confident and the price no longer goes up? Or it might be the opposite, who knows. So, yeah they are risking it to get the maximum profit!

[didzi]

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?

simple reason, because people who buying xrp still believe if xrp will grow my friend
as you can see now, even this coin has a lawsuit issue, but this coin still stand in the TOP list of cryptocurrency right ?

[Oasisman]

Due to this lawsuit, the price has fallen significantly. People are now buying at this low price. They believe that if somehow ripple manages to defend themselves, the price of XRP might skyrocket. So they are taking the chances. I would say really risky, but yeah without risk there are no profits.
What if even after defending themselves, "most" people loses confident and the price no longer goes up? Or it might be the opposite, who knows. So, yeah they are risking it to get the maximum profit!

I guess that's the highest form of risk tolerance but yeah that's the idea behind this reality about the people who still buy XRP, and this Idea ain't far-fetched. Ripple has still a chance to turn this lawsuit around. I mean whenever Ripple successful defend themselves, then who doesn't want to buy a very cheap crypto asset who had a history of producing a huge amount of profit. Or It could be the other way around for these risk takers.

[Rengga Jati]

Many XRP holders still believe that XRP still can grow and develop. And after if XRP wins the problem, the price will pump again as what happened before this case. I am personally still holding some XRP. And not willing to sell it off right now or even cut loss, just let it be in my wallet although that is not a small amount 

[LittleJadiel]

Probably those who want to stay loyal, praying that Ripple can turn things around with this SEC issue so they could brag about it in the future in case it does happen.