The fact that it has been ruled a security and this caused the price to go up is beyond insane. This is a bad thing, not a good thing and the fact that it's 65%+ higher because it is ruled a security is insane. People should be selling all the XRP they have instead of keep it, and the fact that it has gone up and passed beyond BNB is just not normal.
I understand some people may like it, but the fact that this many people put in this many billions of dollars into it is just a proof that people don't know what they are buying. XRP literally has right to print 100+ million more of it and sell it at market, that's the type of power owners have and you still want to invest into it? That doesn't make sense at all and never did, I think it's a big mistake.
I get your point. Many are confused by XRP's market surge. Lets reflect. Its surprising? Despite being a security, it surged? However, the crypto market has its own rhythm and sometimes dances to melodies most people dont understand.
Im not defending XRP, but its important to understand that when something is legitimised (like being ruled a security), many people view it as a seal of approval. Do they understand the consequences completely? Maybe not. An yes, XRP's willingness to add 100+ million coins is worrisome. But keep in mind that not everything in the world of investments makes sense.
For XRP investors, the problem may be: "Are you jumping in because of the hype, or do you genuinely believe in its value proposition?"
