Reddit Posts
Ripple Makes Strategic Hiring In Preparation For XRP ETF
Need advice on cashing out crypto to canadian dollars
Introducing Galleoncoin / GALE : PoW privacy coin with masternodes.
28.6B XRP Sell-off Spurs Debate on the Influence of Whale Activity in Crypto Markets
28.6B XRP Sell-off Spurs Debate on the Influence of Whale Activity in Crypto Markets
Why is Grayscale GDLC dumping 20%? "Digital Large Cap" - 67% BTC, 25% ETH, 3% SOL
Can you find every coin associated with a wallet armed only with the seed phrase?
Blockchain Quiz - Intermediate/Advanced Level
The Ripple Effect: How the 25B XRP Incident Fueled Veteran FOX Journalist's Online Mockery
The Ripple Effect: How the 25B XRP Incident Fueled Veteran FOX Journalist's Online Mockery
Hacker’s Attempt To Steal Over $15 Billion in XRP From Bitfinex Fails
The wallets I'm using to avoid exchanges and to stake
Crypto Consortium Removes XRP From Global Virtual Asset Index
XRP Exits, Solana Takes Center Stage in Hong Kong Indices Reshuffle
Analyst Predicts 39,000% Surge For XRP Price To Hit $220 by EOY
Analyst Predicts 39,000% Surge For XRP Price To Hit $220, Here's When | Bitcoinist.com
I’ve been trading crypto for 5 years and never seen this happen.
Altcoin season about to happen! The ETF approval was already price in for number one coin, but now the road is open for ETF's for other coins.
Altcoin season about to happen! The ETF approval was already price in for BTC, but now the road is open for ETF's for other coins.
SEC doing the polar opposite of what it is supposed to do.
Dogecoin and XRP Flood Binance, Robinhood & Other Popular Centralized Platforms As Crypto Whales Unload Millions
Indian Crypto Exchanges Benefit from Finance Ministry Notice | Funds Coming In From Foreign Crypto Exchanges | What Is This All About?
Asking for an Advice about BTC, ETH and Cold Wallets
Crypto Analyst Identifies XRP Bear Flag To Trigger A Massive Crash To $0.07
Insider Leak Reveals Huge BlackRock Bitcoin ETF Bazooka Will ‘Blow Expectations Out Of The Water’ After $1.6 Trillion Ethereum, XRP, Solana And Crypto Price Boom
Is it even worth sticking to older projects?
Where is the market heading? I’m buying the future!
Algorand will be the biggest utility Layer 1 in crypto
Plutus Fraud warning from FCA (UK Official Regulator)
Whale Alert: XRP and SHIB Experience Large-Scale Flipping Activity Upon Bitcoin’s Rally to $45,000
Whale Alert: XRP and SHIB Experience Large-Scale Flipping Activity Upon Bitcoin’s Rally to $45,000
BIXI $BIXI | Low Market Cap | XRP Rewards | LP Burned CA Renounced
BIXI $BIXI | Low Market Cap | XRP Rewards | LP Burned CA Renounced | Big Marketing Campaigns
BIXI $BIXI | Low Market Cap | XRP Rewards | LP Burned CA Renounced | Big Marketing Campaigns
BIXI $BIXI | Low Market Cap | XRP Rewards | LP Burned CA Renounced | Big Marketing Campaigns
With so many 'L1s' and 'L2s', how should we know which ones will succeed and which one's won't?
BlackRock ETF Leak Triggers Bitcoin Price Surge Past $45,000 After Goldman Sachs Issues Huge 2024 Ethereum, XRP, Solana And Crypto Prediction
Which CryptoCurrency would you get rid of in this portfolio?
Overall crypto market valuation/growth post ETF approval
How Top 10 Crypto of 2022 Performed in 2023
Turning $200 into $5M with memecoins, Now that the bullrun has unofficially started, what memecoins should we buy?
Is anybody else seeing these Deep Fake sponsored ads on YouTube?
XRP Price Prediction: Ripple Next Direction Analysed
Solana Overthrows XRP, Adding $5B Market Cap in a Single Day
Solana Overthrows XRP, Adding $5B Market Cap in a Single Day
On XRP and ADA's potential to break ATH
Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania
Youtube is pushing a "Doubling Money Scam" for over a month. When reported they responded "it does not Violate Google's policies" and they weren't going to remove it.
FTX holdings got published - 15.445 mil SOL, 21K BTC, 113K ETH, 225 mil XRP, 23 mil APT
Solana’s BONK Memecoin Outperforms SHIB and XRP on Coinbase
How to get rid of Low Balance Coins?
BlackRock Has Quietly Opened The Door To A ‘Trillion-Dollar Plus’ Wall Street Game-Changer Amid The $700 Billion Bitcoin, Ethereum, XRP And Crypto Price Boom
Why did I fall into XRP? I should of fell more into Cardano or literally any other crypto
Golden age of crypto. 2025 or 2030, opinions ?
Take advantage of the current Bonus and Giveaway and buy your tokens at early presale stage prices! 3 DAYS LEFT!
Crypto comes out on top after yet another round of fear and doubt. Here's a look at just the last 18 "end of crypto" and "look out below" panics we had in the last couple years. And after all that, crypto is still no closer to vanishing.
Chimpzee Raises $2.5 Million to Help Save Planet! Presale Ends This Week!
Chimpzee Raises $2.5 Million to Help Save Planet! Presale Ends This Week!
Some information and facts about Stellar XLM and the SDex Decentralized Exchange
Kucoin's Leveraged Trading Tokens (XRP3L, BTC3L, ETH3L etc.. ) - How are fees calculated?
Roast me or toast me: I've gone and bought me a grab bag of alts for long term holdage.
Converting ADA (Cardano) to other assets.
Is it smart to invest Bi-weekly
China And The Fed To ‘Flood The World’ With Trillions—Traders Suddenly Braced For Extreme Predicted Bitcoin, Ethereum, XRP And Crypto Price Swings
Cardano founder clashes with XRP community again
Free crypto xrp worth 8000$
How do I reverse this peg XRP transaction that is not supported by binanceUS? PLEASE HELP
Official Chimpzee - LAST Chance to Take Advantage of the Presale!
What do you think Solana's chances are going to be in 2024?
Industry Expert Makes Strong Case For XRP Rocketing Past $9,000 Amid Global Banking System Overhaul
Whales Move $30 Million Worth Of XRP To Exchanges
Good old Gary Genlser thinks himself to be some God Damn hero.
What layer one protocols offer similar scalability to FBA?
Mentions
Since XRP won the case and is not an asset. Would I be on the hook for income tax when I decide to sell?
Should of Joined the XRP holders who joined the Ripple case against the SEC as Amicus curiae. or at least listened to us when we said the SEC wont stop with just us and we need to band together as a whole....
>I understand the case you sited and yes what you wrote about the criminal makes sense. However if illegal sales helped boost the XRP price by bringing in the big bank names which fueled investor speculation the Ripple benefited. ah ok so I see the area of concern(i think, maybe im wrong?) So when we're talking about disgorgement, which is essentially re-imbursement caused by harm/negligence. So in the terms of secondary market sales, those aren't/weren't illegal security offerings. Meaning that when I buy from Binance, it's a blind buy, Ripple may or may not be involved, so it doesnt involve a security transaction. I'm simply an investor who is A. Speculating the value will rise B. Want to utilize the token for some utility based purpose. These transactions cant have disgorgement applied to them. It's kinda like if I buy a used car from some guy, and then later I found out he stole it. I dont get to go to the manufacture or dealership where it came from and get my money back. My legal reach really only applies to the person who sold it to me in the first place. in terms of the Illegal sales effecting the value of XRP and benefitting ripple's XRP. Their holdings they owned before any of the sales and dont involve any illegal transactions so arent eligible for disgorgement because there is no direct tie to a victim. but some of these are related to the penalty/fee's Ripple will have to pay. IIRC the disgorgement value the SEC was seeking was like ~$986 Million and the penalty's/fees were also ~$986 Million. (people just round up to $2 Billion in total payouts)
So when the SEC doesn’t tell them to stop trading XRP, they do it anyway. But when the SEC tells them directly to stop trading certain cryptos, they disagree. Makes perfect sense.
It's unbelievable how much XRP has crabbed this run
No, the SEC have ‘sovereign immunity’ Also, so many folks were cheering on the SEC when they went after XRP and sued Ripple. And funny how only XRP gets delisted when the SEC claims it’s a security.
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I understand the case you sited and yes what you wrote about the criminal makes sense. However if illegal sales helped boost the XRP price by bringing in the big bank names which fueled investor speculation the Ripple benefited. Im just trying to understand as a layperson, you clearly have a better understanding of the law than me so most likely my worry isnt warranted.
ADA and XRP are shitcoins too.
newbie here (3 months in) Bought a bag an willing to hold long; ETH, SHIBA, DOGE and XRP. would like to buy another crypto to diverse my portfolio.. all advice welcome !
Get screamed at for holding memecoins while people are out here shilling ADA and XRP.
XRP is in a death spiral. Ripple will ultimately switch to a stable coin for remittance. ADA desperately needs USDC to improve it's starving ecosystem, but at least there's a chance of that. XRP has no chance
XRP vs ADA, which one should i avoid if i have to buy one of them
Ripple partners MFS Africa. The partnership will allow MFS Africa to make use of Ripple’s on-demand liquidity to streamline real-time mobile payments for customers in 35 countries. In contrast to a legacy payment infrastructure that’s prone to errors and needs an average of 3 to 5 days to settle international transactions that involve multiple parties, ODL leverages Ripple’s XRP token to act as a bridge between two fiat currencies. This allows the system to ultimately settle payments in local currency at the payment destination in a matter of seconds. ODL corridors now exist in Europe, the Philippines, Australia, Japan and Africa thanks to its recent partnership with MFS Africa. https://thepaypers.com/mobile-payments/ripple-partners-mfs-africa-to-streamline-real-time-mobile-payments--1259214
Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021. https://cointelegraph.com/news/sbi-holdings-subsidiary-continues-xrp-benefit-program
Ripple has announced a partnership with FINCI, the Lithuanian online international money transfer provider, to deliver instant and cost-effective retail remittances and business to business (B2B) payments via RippleNet’s On-Demand Liquidity (ODL), which leverages XRP for crypto-enabled cross border payments. https://www.businesswire.com/news/home/20220518005134/en/Ripple-and-FINCI-Introduce-the-Benefits-of-On-Demand-Liquidity-to-Lithuania
Ripple has launched RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, the first bank in Latin America to utilize ODL. Travelex is the first bank registered and approved by the Central Bank of Brazil to operate exclusively in foreign exchange. By utilizing XRP, a digital asset ideal for payments, Ripple’s ODL solution allows customers to send money across borders instantly with very low-cost settlement and without the need to hold pre-funded capital in the destination market. https://www.businesswire.com/news/home/20220818005147/en/Ripple-Launches-Crypto-enabled-Enterprise-Payments-in-Brazil-With-Travelex-Bank
Ripple the leading provider of enterprise blockchain and cryptocurrency solutions for global payments, announced today the launch of RippleNet’s first live On-Demand Liquidity (ODL) service implementation in Japan, in collaboration with SBI Remit Co., Ltd, the largest money transfer provider in Japan. With ODL now available in Japan, RippleNet customers can leverage the digital asset XRP to eliminate pre-funding and reduce operational costs, unlocking capital and fuel the expansion of their payments businesses. https://www.businesswire.com/news/home/20210727006246/en/Ripple-Launches-On-Demand-Liquidity-with-SBI-Remit-to-Accelerate-and-Grow-Cross-Border-Payments-from-Japan
LuLu Exchange, Ripple’s business partner based in the UAE, has formed a strategic alliance with (Mbank), the acclaimed first fully integrated virtual bank in the United Arab Emirates. LuLu is an early adopter of XRP, implementing business solutions via Ripple’s On-Demand Liquidity (ODL) service (now Ripple Payments). In a previous press statement, the Managing Director of LuLu Financial Holdings, Adeeb Ahamed, disclosed that Ripple’s ODL facility played a pivotal role in enhancing its fund management capabilities within the APAC region, all while adhering to the established regulatory guidelines. https://thecryptobasic.com/2023/11/02/uaes-al-maryah-bank-selects-ripple-odl-partner-for-cross-border-transfer/
Here are a few banks and payment companies that are using XRP that have all partnered with Ripple since the SEC sued Ripple in 2020, they all say XRP is being used in the articles. SBI Remit said that it had expanded its services using Ripple’s XRP to bank accounts in the Philippines, Vietnam and Indonesia. By leveraging XRP as a bridge currency and partnering with its affiliate SBI VC Trade, SBI Remit aims for faster and cheaper money transfers that can boost adoption of XRP in target markets. SBI Remit and Ripple are eyeing these Southeast Asian markets because of their growing remittance flows. https://www.kapronasia.com/blockchain-research-menu-item/sbi-leans-further-into-digital-assets.html
If by investors you mean Ripple clients who have upgraded their RipplePayments to use On Demand Liquidity using XRP from a pre-funded XRP wallet that Ripple owns and then sends an invoice to those clients for the XRP used, ok. Liquidity is KING of all markets and if Ripple was not increasing the liquidity of XRP in the markets then that would be signaling Ripple is done with XRP, the increasing of liquidity is important for many reasons.
🔴 2015 - You missed $XRP 🔴 2016 - You missed $ETH 🔴 2017 - You missed $ADA 🔴 2018 - You missed $BNB 🔴 2019 - You missed $LINK 🔴 2020 - You missed $DOT 🔴 2021 - You missed $SHIB 🔴 2022 - You missed $GMX 🔴 2023 - You missed $BONK 🟢 In 2024, don't miss $POWSCHE
>R4ID, thanks for that very detailed and incredible post, I'm very thankful that there is someone like you who really gets into the depth of what's going on there. I read your post last night and it was a lot to read so I waited until this morning with a fresh cup of coffee to read it again and absorb it all and am glad I did. Thanks for the updates too, I'm sure this will help many who are curious about XRP. NP, im usually around to answer crypto or XRP/Ripple specific questions. >When I first heard about the 2 Billion fine that the SEC was proposing, I right away wondered how they came to that amount and it really looks like they just pulled it out of thin air. The way this case has been going, whatever the Judges says, it appears more than likely that the SEC is going to appeal it anyway so this could easily drag out another year or so which makes everything possibly hang on the Coinbase case as you mentioned. Yea, the SEC needs to be careful tho if they appeal without a lot of "good facts" they will set bad caselaw president which will screw them in the future with not just the Ripple case but every future case.
R4ID, thanks for that very detailed and incredible post, I'm very thankful that there is someone like you who really gets into the depth of what's going on there. I read your post last night and it was a lot to read so I waited until this morning with a fresh cup of coffee to read it again and absorb it all and am glad I did. Thanks for the updates too, I'm sure this will help many who are curious about XRP. When I first heard about the 2 Billion fine that the SEC was proposing, I right away wondered how they came to that amount and it really looks like they just pulled it out of thin air. The way this case has been going, whatever the Judges says, it appears more than likely that the SEC is going to appeal it anyway so this could easily drag out another year or so which makes everything possibly hang on the Coinbase case as you mentioned. The way the SEC has latched onto Ripple and won't let go is almost unprecedented. I sometimes feel Ripple has been fighting for all of crypto. Hopefully this ends well sooner than later.
Example? One example is XRP would play a role in the banking ecosystem would be acting as an exchange mechanism that would reduce friction (time and fees) in the current financial system. You claim I’m just tapping but that’s yet another thing you clearly lacked the research in looking up because you rather stay ignorant and not learn how to expand your mind
Reminder that the SEC failed to prove that XRP is a security when it obviously is one.
It’s really surprising that Ripple CEO thinks that XRP isn’t security. He better not taking ETH in his mouth, it doesn’t help anyone.
XRP is a sinking ship. And most of it’s investors play the role of captain.
- XRP - Banks will one day use it for money transfers so I'll keep it in my wallet until it goes up. - ADA - Africa is starting to embed digital identity and Ethiopia is starting to track Coffee beans on Cardano. With this success, Wakanda will surely adopt ADA so I'll keep it in my wallet until it goes up. The difference between Doge and ADA and XRP is that Doge doesn't have scam hype tech narratives. It has also been merge mined for like 10 years instead of the entire supply being created out of thin air and gifted to the founders.
I fail to see how if one is or isn't a security, how then any other could be different. If ETH isn't a security, than neither are any other crypto currencies. If XRP is a security, then they all have to be too.
Hilarious that XRP and ADA are put in the same category as absolute dogshit compared to DOGE
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Because XRP isn’t going anywhere. Just give up already
"wallet growth" is a metric used against XRP since it literally costs money to own an active wallet on the XRPL. so im not surprised they chose that metric.
Yeah, you can’t value it at the price as of the date of loss, you value it at the price the date you acquired it I say acquired because sometimes investments come into your possession via paths other than purchase For example, if you received a security token (eg: XRP?) as payment for work you did. You would pay income tax on the value of the security token the day you received it, and from there if you lose it your loss would be that same value you had paid income tax on
tldr; Over the past six months, Dogecoin has seen a significant 27% increase in nonempty wallets, reaching 6.6 million, outpacing the growth of XRP and ADA. This growth indicates rising user adoption and market activity for Dogecoin. Analyst Ali Martinez predicts a bullish future for Dogecoin, citing historical data and pattern breaks that suggest potential surges. The data, provided by Santiment, highlights Dogecoin's growing popularity and investor confidence compared to other major cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Don't start with memecoins and stay away from new projects. Go to binance, open an acount and buy and hold any of the top 10 on coinmarketcap. BTC, ETH, XRP, BNB, are all worth investing in. Don't buy and sell, don't try trading. Just buy and hold.
you can google it yourself for XRP. also, http://isethereumasecurity.com
underlying assets can't be securities based on XRP ruling.
> So, my question is .......since institutional sales of XRP were deemed illegal, how would Ripple go about their business in using XRP as the cross border bridge currency that they keep talking about if they can't sell it to the banks and all the financial companies that need to use it siince according to the Judge, those sales were illegal? Only Ripples Past sales to institutions were deemed illegal, the SEC is seeking 3 things, an injunction against further violations(which is silly since Ripple only sells via ODL now), disgorgement and a penalty fee (just shy of a $2 Billion Total) the injunction would obviously cause a problem with Ripples current ODL sales because currently the judge has lumped ODL and institutional sales together. Ripple replied in their brief explaining that theses ODL sales should have a caveat/should be except and should be excluded from the other illegal instructional sales (ripple wrote a full page talking about their ODL contracts in the reply brief to the judge) to answer your question, a ruling from a higher court at the end of October last year, in SEC v Govil happened. This case caused a big problem for the SEC, This problem is that the SEC has failed to show any disgorgement (aka Nobody was harmed, the SEC has no "victims" it is claiming to protect) So who is the Disgorgement for?(Its Ripples current position/logic) The Govil's case ruling essentially made it so that an investor is not a "victim" for equitable purposes if he suffered no pecuniary harm. (meaning the SEC needs to show that people who used ODL suffered harm) which will be very hard since most ODL transactions take place in mere seconds and people are using it to help their business process transactions/payments at a cheaper, faster, more secure rate. The SEC is going to have a hard time arguing people who bought XRP at a lower price over the last few years (when compared to todays price) somehow suffered losses/damages after only holding XRP for 3-5 seconds. The SEC's current argument after that update (this happened a few weeks ago) is that Some customers "Potentially suffered" damage because Ripple gave discounts to specific companies in some cases, and doesn't disclose the discount amount. This means different buyers had different prices. That argument is pretty speculative and doesnt hold much water in court to be honest which is why they have to say "Potentially". https://law.justia.com/cases/federal/appellate-courts/ca2/22-1658/22-1658-2023-10-31.html Ripples reply brief because of this ruling allows Ripple to summarize the total "penalty/fees" should be closer to $10 million (instead of the SEC's demand for $2 Billion) Govil also allows Ripple to argue that there should be No injunction on ODL sales because no one was harmed and the SEC cant prove any harm. > until the big financial institutions get all their cards in order and use their own coin on their own rails This doesnt solve the same problem XRP solves. it simply would digitize the current problems.
Lmao mate, someone will read this and go all in on XRP. Tbf, I actually feel bad for XRP holders because I think it actually has *some* credibility but it just can't shake the stink now after years in the doldrums. The whole SEC thing completely fucked it (along with other factors of course).
It’s a whole bunch of bullshit. The SEC’s entire argument makes absolutely no sense if you have a solid understanding of the case law. Specifically, how can the underlying asset of an investment contract be the security? That’s never been the case. It can’t be the case. What’s important to understand about Howey is that it’s an analysis of the way something is sold, the “scheme.” It’s not the thing itself. Anything can be the subject of an investment contract. I can sell bottles of wine, gold bars, breeding beavers, etc. and if I sold them in a way that means the elements of Howey, then that sale would constitute an investment contract. But the wine, gold bars, beavers would not be securities. So XRP sold to institutional investors was of course an investment contract, however secondary sales, where you don’t even know who you’re really buying from, blind bid, cannot be an investment contract because there’s no common enterprise or expectation of profit. Rakoff is a highly respected judge, but I just can’t understand how he even entertained that ruling in Terraform. Some Judge just needs to stand up and say, wait you want people to register the underlying asset? What?
They can't sell them, that's it. If they wanted to use them for business, they'll have to buy them from the market and use them. Same for their customers. No more gifting XRP to get a partnership. At least that's my take or interpretation.
The ICO would be the security, which they can't pursue anyway due to statute of limitations. Assets by themselves can't be securities, as shown by XRP ruling. Even if they could, it doesn't meet "an expectation of profit, derived from the efforts of others"; holders don't get profits, and validators like myself "do work", maintaining hardware, electricity, internet, client updates, etc. Cope harder
>You are getting overly emotional. Where I did I get emotional, I made bullet points stating the reason doge is not a good long term investment. And no it's not in a long term uptrend when the amount being minted continues to exceed the rate of the market cap increasing. But of course someone with XRP in their name is on here giving terrible advice lol.
CFTC declared ETH a commodity long time ago. Just recently, they once more reaffirmed their position." - [link](https://www.theblock.co/post/284856/cftc-ether-is-commodity-kucoin-lawsuit) If Gensler declares it security it means he is getting in conflict with CFTC and going against them. Even more, there are old videos of him, before getting the SEC job, where he is saying that ETH is not a security. On top of that Coinbase said in Twitter that if this happens they gonna sue SEC straight away. Gensler doesn't want another case lost and getting humiliated again, and this case is harder for him to win than the XRP one. Saylor is Bitcoin maxi so I expect nothing less of him.
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“Unreliable Source” Read the SEC lawsuit you troglodyte. They’ve been doing this shit for YEARS. This is how Ripple makes their MONEY. They sell XRP in bulk to “investors” at a HEAVY discount that is a far cry from the open market price. The “investors” then dump it on the CEXs. This. Shit. Has. Been. Going. On. For. Literally. Almost. A. Decade. It’s one of the reasons the SEC keyed in on them from the get go. But it’s not illegal! Read the lawsuit. How do you think Ripple (the company) keeps the lights on or pays their employees? Could you tell me what product they are selling to people? Who’s using their “cross border solutions”? How much do they pay them? Answer: they ain’t making shit off anything but dumping XRP in bulk. Oh and heaven forbid you look up Chris Larsen’s history, just fucking icing on the cake at this point.
XRP is a stable coin, that is it.
tldr; XRP's struggle to reach a $0.60 price target is hindered by crypto whales transferring large amounts of XRP to exchanges like Binance, potentially for sale. This activity increases the supply on exchanges, creating downward pressure on the price. Despite these challenges, XRP has shown some resilience, managing minor gains and maintaining support levels above $0.50. However, the frequent large deposits by whales suggest a possible sell-off, complicating the recovery to the $0.60 level. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Alrighty here’s the problem with your analysis. Generally speaking, alt coins don’t repeat performance. Look at XRP last cycle. If you take it further there’s usually a few “darling” alt coin that takes off each cycle that wasn’t there previously. So last cycle we had (just spitballing here this list is not conclusive) we had LINK, matic, ADA, Doge etc, BUT there’s no guarantee that those alts are going to pop off this cycle. Source: I’ve made this exact mistake in a previous cycle, and when I looked back at what I was doing and just stacked blue chip BTC and ETH I would have been retired. Everyone makes this mistake when they get into cryptocurrencies and they all get warned but nobody listens, it’s a lesson you have to learn the hard way.
The first post I opened this morning was on r/XRP and this guy was convinced XRP would price in the THOUSANDS (USD). Some levels of dumbness can't be helped.
As far as alt coins go every dog has its day. I fear XRP has had its day.
Exactly. BTC fell to 12ish K a few years ago and no one bought lolol. XRP was between .04-.05, insane scoops.
ADA and XRP might not be the best choices. Explore other options on Netcoins with a wide range of choices
Was surprised not to see kendu mentioned earlier. I'm XRP/KENDU.
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I’m so glad I’m out of crypto. Nothing against it just not for me. I made money on ETH but lost on XRP. It was kinda a wash though and basically broke even. Props to all who get it right.
Cardano is dead. Ripple does not need XRP to thrive as a company and Ethereum is under hella scrutiny from the SEC now which is limiting its ability to create an ETF. Eth is still the only one of the three I trust
And avoid garbage like XRP like the plague
XRP is not shitty enough. ANKR, IOTX, JASMY, MOBILE. Thank me later.
Do not buy XRP, seriously.
Wanna sell ADA and LTC, but I'm red. I also wanna buy some XRP. I know you'll all hate me and think I'm crazy.
For the record, i do think this dip is normal, considering the macro outlook and BTC cycles, past trends, we are holding just fine. But i want to hear your opinion on this one: It looks like the SEC is about to take a shit on the altcoin season (ETH will get attacked, but every alt could suffer imo), we have XRP as an example, it doesnt matter if ETH wins in 2-3 years, the altcoin season has passed and you will have to wait 5 years to see any kind of relevant price action. The ETH ETF could be approved and it wouldnt mean shit if ETH ends up being a security (wich im 60/40 on it being one), but chances are it gets denied, and we see much lower prices on ETH, short term. Whats the upside to holding ETH compared to just moving back to BTC? i dont see it, at least not being worth the risk right now.. That being said, my current portfolio is 35% BTC 35% ETH and the rest in alts (SOL, LINK, AVAX, NEAR and FTM), so nothing too crazy. Im thinking of 2 options really, 50% BTC 20%ETH and rest in altcoins, or 60% BTC 40% Alts, and waiting a few month to hear more about the next 2 ETH big news and buy back in. I love ETH to death, it was my first crypto lol, but i just cant see the upside right now. Nothing good comes out of SEC suing Consensys and getting those ETF denied (short term).
> Is there? I'll admit I've only heard about the XRP decision on secondary market sales. Do you have any examples? Of course. Look up the decision in Coinbase where it was explicitly rejected (or else the case would have been tossed at summary judgment), or in Terraform which outright disagreed with Torres, and was referenced in the request for interlocutory appeal. >The reason I'm so emphatic on these points is because I think the argument against ETH the coin being a security is very strong There are things which are true that mean nothing. While ETH itself may not "be" a security, that doesn't mean that ETH isn't being "issued as" a security - thus there is no safety or actionable meaning we can draw from a determination that ETH (the digital thing) is not itself a security. As I said, this stuff is complicated.
Wow. Not many XRP believers around anymore.
> and XRP Still a security for institutional buyers.
>First, you said you heard it on a podcast. I'm just responding to what you said. Sure, but your sarcastic response was basically what I said isn't worth shit because it was on a podcast. Which fair enough, I don't have the primary source to quote from, so as far as you know I could be making it up. I was more just trying to make you aware there's a specific reason why ETH futures being live bars the SEC from now deciding it's a security without either its being a retcon on thier original stance, or at worst gross negligence on the behalf of the SEC to not act as such from the beginning. >Third, the statute of limitations does not alter facts. It just bars claims. Therefore, ETH may in fact represent an unregistered security (from the premine). It is certain that because of SOL expiry there is no legal basis to prosecute those who issued it. Back then. Fair point. And again, I agree that the premine very much smells like a securities offering. >It's very important to be far less emphatic on these things than you are being so far. A fair enough point as well. The reason I'm so emphatic on these points is because I think the argument against ETH the coin being a security is very strong and there are several lawsuits against the SEC right now to make it such in the court of law. (Like Consensys) Nuance is lost when typing on reddit between phone calls at work - I'm very confident it is not but it's not a forgone conclusion, sure. >There is an open argument on transfer in the secondary market, and courts have ruled both ways on this. Is there? I'll admit I've only heard about the XRP decision on secondary market sales. Do you have any examples? >it is quite likely that fractional staking (and liquid staking) is a straight-up violation of US securities laws. I agree with you here. I think liquid staking derivative tokens like rETH or stETH are securities - it's an investment of an asset with expectation of returns generated by the work of others.
>t's just a point I heard on one of the bankless podcasts from one of the groups of interest that is suing the SEC to force them to declare ETH not a security You heard it on a podcast? Well... that seals it then. /s There's a reason cases are tried by a judge in a courtroom, and not in the court of public opinion. Securities law is massively complicated. XRP (the token) is not a security, and yet Ripple has been found to have issued Securities. ETH is not, itself per-se, a security. That does not mean it is not being (or has not been) issued as a security - e.g. in the premine, or even in the transition to ETH2. There are many things that are not securities but are issued coincident to a securities offering. Oranges, trees and plots of land are not securities either... but the sale of such in the case of the W.J. Howey Co. led to the infamous Howey Test.
I have no idea what’s happening with XRP lol. I never payed any attention to it since its inception… since. It’s a centralized bankers coin.. and the point of crypto is decentralization lol
That’s exactly what it is, just a sheep herd. Some people still shill XRP, if you ask me, this is ridiculous.
So far the only crypto that are not securities are BTC and XRP - the rest are possibly securities. ETH had an ICO and said they would use the investment to build the network and that would give early investors a return on investment. That is pretty much the definition of a security. That they haven’t already been blocked is because of the corrupt activity from the ETH foundation
Yeah XRP is biggest inflated dog shit out there, I keep it as a souvenir on my cold wallet 😀
Meanwhile XRP sub is full of sadness, sorrow and regret! Their moderators are banning anyone who mentions it was their biggest mistake to invest in XRP. Had those people invested in BTC, in 7 years they would have 10X their investments!
No SEC can’t even take down XRP let alone ETH
You’re on the SEC’s side against XRP?
>but premine I believe is long past statute of limitations. at worst, I'd expect if I'm wrong on the above line, they'd declare the initial selling of ETH via ICO as a unregistered security event, while ETH itself is not a security, like how they ruled with XRP. With XRP already in the case law, that only makes it more likely. I don't think saying the initial eth sale was a security event would even be that controversial. Most figureheads in the space agree, and I don't think it would really affect anything going forward. The whole reason ICO mania got replaced with points is to avoid the security dicussion
Probably saying it was a security at one period in time, not necessarily today. Like a coupon for a dry cleaners could be a security, depending on how it was sold. The Ripple case was the same deal. The SEC wasn't really taking on Ripple and XRP today, because they've been pretty careful since 2018. They were after them for the early days where it was more wild west.
I’m a stacker to the gills, looking at XRP feed back??I also live at home
The Solana shilling in the crypto subs is hilarious. Everyone from the BTC maxims, Eth boys, XRP survivalist, ADA gang, AVAX Hopefuls, etc are looking at Solana like "Yea....clearly a VC pump. The billionaires behind it joked about on camera about the rug pull and leaving the bags on retail." Retail shill: "You know guys....Solana is the only crypto with real private sector potential and utility...." *Meanwhile, the network crashes again...*
What about XRP any response from people who know what is going on?
> Go take down XRP first for what? lol
Which is even worse. Lock that clown up. He is responsible for potentially ruining the financial futures of a lot of US citizens. I say potentially because there's a chance that many ETH holders will just hold on until they turn the tables, which they had already done with XRP.
How far down the list would we put LTC, XRP, or MATIC (used to think these were top 3 contenders)?
BTC, ETH, ADA, Nano, XRP. Store of value, a smart contract, payment coins with low fees and speed.
The markets are a mess right now. They are very unpredictable. Ripple's XRP is going to go bullish with a Ram as a backup. People aren't paying attention to it much but it's going to happen. XLM is another one to research.
Helium mobile, Jasmy, XRP
Nope, being a listed security is a death sentence. However that wont happen, it'll be like XRP the trading of the token mightve been a security. Such as staking pools and/or during the change over period to PoS.
Right just like the smashed down the XRP walls, now they’re going to bust an even bigger giant wide open as they build momentum from all their W’s So basically instead of focusing on all the scams taking place and all the FTXs of the world (which they screwed up), they’re going to stay hell bent on Elizabeth Warren’s agenda. Got it.
Go home SEC you’re drunk again Go take down XRP first
If it were the most useful case these blockchains wouldn’t have died off. The high volatility of the assets also make the payments use case difficult. Which is why we are seeing a take off in stablecoin payments as opposed to XRP or XLM payments.
No users. Cardano and XRP will see the same this cycle
When the SEC file a lawsuit claiming ETH is a security, there will be a big drop for alts. Especially if exchanges delist, but I doubt they will. Only XRP gets that treatment. Because XRP is special. And, it turns out, not a security.
As much as I want to believe this, I was there when nano was XRP when I think it was on bitgrail or whatever it was called. Then also during the last pump. Both times nano experienced outages due to high transactions and not even spam. They would disable transactions etc... granted, I still think it's a great crypto and amazingly fast and free!
* Relevant Cointest topics: [USD Coin](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_usd_coin), [XRP](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ripple), [Stellar](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_stellar), [CBDC](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cbdc). * Relevant subreddits: r/Tether, r/Coinbase, r/XRP, r/Stellar. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/1cfdht4/tether_seeks_to_boost_peertopeer_payments_on/?sort=controversial). Doesn't work on mobile.
XRP, XDC, XLM. Faster time settlement, less CO2 emissions, cheaper fees then BTC and Visa