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I just bought some numbers of ripples from luno, and with the negative comments I just read about this coin, I think it would do me lots of good to sell them off now, in other not to regret later.
Ok sire, experience is the best teacher, xrp is a coin I don't really understand the rize and and fall, it's actually a dull coin and it's also stagnant for a while and I don't see any future for the coin. So am not waisting my time on it.I think it's a gamble. If XRP rises against all odds then the price will soar. If not then it's going to be a huge load. I'm not cashing in it though, I'm willing to see how it goes.
If ripple can still be revolving around this value till despite the move by some Exchange platforms to delist it , there is still a strong hope that ripple may survive it and return above $0.65 all time high.Yeah when XRP was sued by lawsuit, it started to fall drastically from about 0.65$ to 0.35$ within about 1 day. And currently it's roaming around 0.2$-0.25$ for last 1 week, and if this continues XRP may die soon.
Already many exchanger platforms have halted the transaction that has to do with Ripple coin (XRP) exchanger platforms such as coinbase, binance, huobi, kraken, trustwallet etc. Have suspended Ripple (XRP) transactions via their platform.The Ripple company is currently facing scrutiny that is caused by a lawsuit that was filed by the SEC against the company. The lawsuit is accusing the Ripple company of misleading investors, stating that the value of the currency will rise, however this has not happened and the currency has been decreasing in value since. However, it is a very popular crypto due to the fact that there is low transaction fees that are associated with it, making it very attractive. If the SEC wins the lawsuit, XRP may become un-tradeable, in which case it is likely to remove the coin from many exchanges. What are your thoughts on this? Do you think this is possible?
The Ripple company is currently facing scrutiny that is caused by a lawsuit that was filed by the SEC against the company. The lawsuit is accusing the Ripple company of misleading investors, stating that the value of the currency will rise, however this has not happened and the currency has been decreasing in value since. However, it is a very popular crypto due to the fact that there is low transaction fees that are associated with it, making it very attractive. If the SEC wins the lawsuit, XRP may become un-tradeable, in which case it is likely to remove the coin from many exchanges. What are your thoughts on this? Do you think this is possible?
Whilst this may be true in terms of the US traders being affected, in my opinion of this had to happen, it would decrease the confidence that many have in the coin, globally. AS a result he demand for the coin may start to decrease which will in turn lower its value substantially. Furthermore, if you look at the value of the ripple it coin, it might also decline if ripple had to liquidate a lot of its assets, as a way in which to pay the lawsuit settlement or the claim from teh lawsuit and this will also cause the price to decrease which could ultimately lead to a dead coin.Ripple can not just disappear in 2021 because of the lawsuit. Even though many exchanges are delisting ripple because of the lawsuit, I felt that can't be a good reason for ripple disappearing shortly because the lawsuit might affect only the US ripple traders.
I believe things will really go tough with really management if the lawsuit goes against them. But one thing l know is that in the past years the management of ripple did a lot of hard work just to make ripple more valuable until this incident gets in and that l still believe whatever the they just can't let get easily like that and prevent their good visions they had with the coin.Whilst this may be true in terms of the US traders being affected, in my opinion of this had to happen, it would decrease the confidence that many have in the coin, globally. AS a result he demand for the coin may start to decrease which will in turn lower its value substantially. Furthermore, if you look at the value of the ripple it coin, it might also decline if ripple had to liquidate a lot of its assets, as a way in which to pay the lawsuit settlement or the claim from teh lawsuit and this will also cause the price to decrease which could ultimately lead to a dead coin.
I agree with you there. Ripple has developed quite a large follower base and as such they have been continuously growing whilst also planning for the future such as the new airdrop that we saw recently before the lawsuit. I think that recovering may be a long road ahead despite the outcome of the lawsuit, however as you have said the management needs to be good. Furthermore, the delisting of exchanges with ripple as well needs to be addressed by ripple during the lawsuit, with some sort of guarantee to try to perhaps minimize the losses incurred over this time.I believe things will really go tough with really management if the lawsuit goes against them. But one thing l know is that in the past years the management of ripple did a lot of hard work just to make ripple more valuable until this incident gets in and that l still believe whatever the they just can't let get easily like that and prevent their good visions they had with the coin.
I am so sad about hearing this for Ripple currency, I am hoping well the SEC with act with Ripple with rules and regulations. It is much alarming that Ripple currency can be untradable for the investors of Ripples.The Ripple company is currently facing scrutiny that is caused by a lawsuit that was filed by the SEC against the company. The lawsuit is accusing the Ripple company of misleading investors, stating that the value of the currency will rise, however this has not happened and the currency has been decreasing in value since. However, it is a very popular crypto due to the fact that there is low transaction fees that are associated with it, making it very attractive. If the SEC wins the lawsuit, XRP may become un-tradeable, in which case it is likely to remove the coin from many exchanges. What are your thoughts on this? Do you think this is possible?