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Author Topic: XRP is doomed...  (Read 1815 times)
Abiky (OP)
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November 09, 2024, 01:04:03 AM
 #1

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes

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November 09, 2024, 04:46:05 AM
 #2

We have to wait and see but I think generally speaking centralized shitcoins will have a better chance working with centralized authorities than decentralized cryptocurrencies. So I don't think Ripple with its centralization and option to freeze accounts and censor transactions is "doomed" per se even though it can be dumped if the government starts looking into their affairs a little bit.

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November 09, 2024, 05:48:33 AM
 #3

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately.

It’s not just $1 million but a total of $11.8 million... If Trump goes against Kamala’s donors, then XRP might have a problem since they still have a case pending with the SEC. Trump did say he’s pro-Bitcoin, and we all know that when Bitcoin is bullish, the altcoins usually follow suit - except XRP. Since that case started, it’s struggled to reach $1. But looking at the price now, it seems pretty stable.

Billionaire Ripple founder has given more than $11.8 million to Harris campaign

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November 09, 2024, 06:19:03 AM
 #4

I do not care if ripple is doomed or not because the coin has underperformed. Many of the old coins underperformed as investors are not going for the coins. So what will bear market be like if this coin is not increasing now? I hope this will not be the definition of a shit coin. See how the market is full of the bulls but XRP remain kind of a disappointing coin.

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November 09, 2024, 07:23:33 AM
 #5

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.
It was just a donation, so if Larsen has donated that money to Kamala Harris' presidential campaign, he's not at lost together with how Kamala lost the battle. Let's just set it afar that because these people of known projects donated to her cause and then she lost, they will also be at lost. That's the reason why they have donated because they are able and that money means nothing to them.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes
It has been on a dump for so long and don't move a lot.

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November 09, 2024, 07:36:11 AM
 #6

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes
It has been on a dump for so long and don't move a lot.

XRP is still a shit coin to me. And it doesn't matter if it has a slight dump or huge dump, I don't bother thinking much about such coins. You can check its market price, even during the recent global market spike after Trump was announced winner, it barely moved an inch in price.. I won't want to be wasting my time holding such shit and Centralized coin..

R


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November 09, 2024, 08:02:23 AM
 #7

XRP is planning to be a central bank reserve protocol, so their donation of 1 million joules will be part of the PR campaign, and it doesn't matter whether Camilla wins or not, and the amount is relatively small compared to their ambitions, so it's not considered a loss.

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November 09, 2024, 08:19:41 AM
Merited by NotATether (10)
 #8

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes

In theory, Ripple (XRP) should get a massive dump like you have in mind.

- Supporting Kamala Harris who eventually lost to Trump
- Trump who doesn't like CBDC or centralized things in crypto

Those 2 reasons are strong reasons to think that Ripple (XRP) will experience a massive dump, but we still don't know what the future will be like, prepare yourself if someone here is a Ripple (XRP) hodler, then wait and see.

R


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November 09, 2024, 08:54:41 AM
 #9

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes
It has been on a dump for so long and don't move a lot.

XRP is still a shit coin to me. And it doesn't matter if it has a slight dump or huge dump, I don't bother thinking much about such coins. You can check its market price, even during the recent global market spike after Trump was announced winner, it barely moved an inch in price.. I won't want to be wasting my time holding such shit and Centralized coin..
Many altcoins didn't moved but only Bitcoin and a few top altcoins when Trump was said to be the winner of the election. But XRP with or without those global known news, it didn't really moved a lot. If you will take a look back from the past when it has won against its case against SEC, still it didn't do that much. The chart and price was stagnant and when the majority thought that it will move in a skyrocketing manner, nothing has ever shown to it.

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November 09, 2024, 09:54:49 AM
Merited by NotATether (10)
 #10

Only XRP fans will be concerned after Trump winning the election. Most of us here for Bitcoin and oppertunity in crypto space to make some money. I personally don't care what happens to XRP but in the past Trump has said in his campaign that he wants the US to be a leader in cryptocurrency.

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November 09, 2024, 12:41:44 PM
 #11

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes

I remember during the election campaign there were too many positive predictions on the price of XRP when the bull run began to rally for Bitcoin.
I even read that it is possible for XRP to reach 200$ each during the bull run that will happen until next year.

Then now I can read it, because it turns out that XRP gave support to Harris, not Trump. So, it means that the hyped predictions they made for XRP will only happen as a dream,
and those who speculated on its price will not come true.

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November 09, 2024, 01:57:08 PM
Last edit: November 14, 2024, 01:32:31 PM by Zwei
Merited by NotATether (10)
 #12

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes

i never liked XRP, so i couldn't care less what happens to it to be honest. and it doesn't really matter who won for ripple, it's all just politics for them.
a price dump is very unlikely to happen, and if Larsen is smart he would do 180 and start supporting Trump, but you never know what could happen, but it's defently not doomed.

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November 09, 2024, 03:45:23 PM
 #13

I don’t own any XRP but I think it could still easily do well in the upcoming big bull market. I don’t think that as XRP bag holders think, it will be used by banks but it could still piggy back on Bitcoin’s coat tails & do well this bull run. Chris Larsen is a bit of a parasite, this is the same guy that paid Greenpeace millions to run an anti Bitcoin ad campaign.

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November 09, 2024, 08:13:36 PM
 #14

We have to wait and see but I think generally speaking centralized shitcoins will have a better chance working with centralized authorities than decentralized cryptocurrencies. So I don't think Ripple with its centralization and option to freeze accounts and censor transactions is "doomed" per se even though it can be dumped if the government starts looking into their affairs a little bit.
Fact that it a centralized shitcoins, Ripple is already doom because at anytime someone somewhere have the power to influence it regardless of who's wallet is seating in, freezing them is very easy, so for someone that value freedom and privacy, I think the doom day is birthed along with the coin.

Secondly I don't know what the connection between Ripple and Kamala could be, but we did not see in mainstream media were ripple is directly Linked to Kamala, so her losing election may not translate into Ripple losing our from the market., Despite it owner showing strong support during the campaign.

We are gone pass election now, now it time for governance a d Trump will be more concerned with that right now and not some shitcoin revenge Trip's.

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November 09, 2024, 10:27:13 PM
Merited by NotATether (10)
 #15

I do not care if ripple is doomed or not because the coin has underperformed. Many of the old coins underperformed as investors are not going for the coins. So what will bear market be like if this coin is not increasing now? I hope this will not be the definition of a shit coin. See how the market is full of the bulls but XRP remain kind of a disappointing coin.
Ripple is a old coin and is trying to recover a bit after having face the law case ( I can't completely give any results about this case whether win or lose) but we should know this project may not perform well anymore, because investors has already channel their efforts to a more better projects, especially to the current Ton network and other more interested memecoin. I think ripple is completely winding out from the market even though it's still trying to be seen on the face of crypto space.

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November 10, 2024, 01:57:52 AM
Merited by NotATether (10)
 #16

never ever thinking about XRP at all, in any case if that's true, then I guess people should rethink before investing in XRP.

the fact that BTC is having ATH and XRP just stays around $0.5 is enough to keep people from investing it, just see that it has only 6% for current month's gain and -14% for this year Grin.



even without being scrutinized it's already dumping so hard.

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November 10, 2024, 06:18:23 AM
 #17

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes
We should not judge that a shitcoin will be destroyed by the big correction that occurred several months ago. Shitcoins like XRP have huge upside potential once the correction passes. Recently Bitcoin reached the price of $70,000 again so the bullish market will start soon, I don't think that Xrp will be destroyed in the near future even though there are many movements happening in other shitcoins but I am still disappointed with the movement of Xrp, after several corrections I am no longer interested keeping up with Xrp and focusing more on new shitcoins is more fun.
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November 10, 2024, 06:49:51 AM
 #18

Well I do not think xrp is going to be doomed like this. XRP is still up more then 15 percent in just the last 7 days. I do think still it is a good coin to hodl in your portfolio.
Here is a 'bullish' article about xrp. It does say when Bitcoin does reach price of 100k then xrp can reach price of $2.2. And I do think Bitcoin will be this price.
https://www.binance.com/en/square/post/15966115380065

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November 10, 2024, 02:03:42 PM
Merited by NotATether (10)
 #19

XRP is doomed...
Yes. Most useless coin I ever owned and at the same time promises so much.  Grin

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November 10, 2024, 03:01:24 PM
 #20

Chris Larsen donated more than $1m to Kamala Harris' political campaign in XRP lately. However, the Democratic US presidential candidate lost against Republican contender Donald Trump. Considering Kamala's "embarrassing" loss, does this mean XRP lost too? After all, XRP was donated to her political campaign. Trump expressed his rejection of a US CBDC, so a centralized coin like XRP will be heavily-scrutinized in the upcoming administration.

I think a huge "dump" awaits for XRP soon. Don't you agree?  Roll Eyes
But you aren't explaining why it would dump? Who is doing the dumping because they disagree politically? Why didn't they dump it immediately? He didn't give a donation in because he would have expected a pump for it in the first place.

Aside the fact this was obviously about for continuum of US stability and her values, it was also for the fact that kamala said that she would encourage in innovations (including digital assets), and how those innovations could make USA vanguard of tech.

Versus Trump who has openly said that we should go back to coal power plants and old times; Literally back to 1798, in terms of political progress, and i am guessing that goes with tech as well. He doesn't believe even in electric cars, and he is promoting them now unwillingly, because elon basically owns him. And he doesn't understand crypto innovations either, so if they wouldn't benefit him directly, or wrong coin would make top of the coinmarketcap, he would say that everything but his coins are scam for criminals.

Values and expertise of a candidate are the reasons anyone should give donations anyway. Not because candidate's hype would pump your coin. And this is coming from a guy like me, who doesn't even like XPR.

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