/biz/ - Business & Finance

>>25318536
never underestimate the power of collective cope

>>25318536
>-70% monthly
Do you retards ever zoom out?

https://markets.businessinsider.com/currencies/news/sec-says-ripples-xrp-crypto-is-13-billion-unregistered-offering-2020-12-1029916414

"Other major branches of the U.S. government, including the Justice Department and the Treasury Department's FinCen, have already determined that XRP is a currency."

>>25318658
>still higher than YTD low
do you?

>>25318658
30% too low

>>25318681
i read the lawsuit and xrp is fucked in the asshole
has no one actually bothered to read the damn thing? They have some pretty devastating stuff in there

https://youtu.be/7V6trGcAMzE

>>25318536
why the yellow glasses bobo?

>>25318960
mmmmmmmmm, no, u didnt

>>25318536
It's dumping rn. Best of luck with your short

>>25318536
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their XRP will continue its 30% monthly price increase.

Nocoiners, and anybody born in a future generation, will not be able to afford a $10,000,000 XRP token in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

>>25318985
its to protect my eyes from blue light since i sit all day in front of the computer
>>25319017
have a read of the lawsuit for yourself
>https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf
if you really are holding xrp you should seriously be getting this info on your own and not trusting what you hear from others

>>25318536
have some patience

and now they are trying to leech on to the rest of crypto and make this a US regulators vs crypto case when xrp IS NOT A CRYPTO
they are just trying to suck the blood of the crypto community how the fuck do people fall for this shit...

>>25318960
Never underestimate the power of high priced (((lawyers)))

>>25319382
they're going to buttfuck xrp to scare the rest of the crypto world but in reality they have no power over any truly decentralized coin

>>25319462
xrp deserves to be buttfucked its a literal scam
they are a sinking ship and they are tying their ropes around all of crypto trying to bring them down with them. It's really sad im not usually a proponent of government regulation but now that the sec has made the case they better close it out strong...

>>25319157
>https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf

LOL how anyone can read this and not think this is a literal wolf of wall street scam.

>>25319879
71 pages? Get outtttta here

Not a FUDer, just asking for some honest responses. IMO, there are three "levels" of crypto:

1. Legit. Either no-premine or a 100% honest (public, on-chain) contract for premine and/or an unevenly distributed revenue. Potentially valuable. Always a potential for an ATH.

2. Assumed scamcoin/abandoned. Bitcointalk is littered with the corpses of many. Usually pre-mined or centralized. Valueless except for novelty. Will never again reach its heydey.

3. Proven scamcoin, with at least one exposed avenue of fraud. AFAIK, XRP was the first crypto to achieve this status.

Yet, I am somehow supposed to be convinced that a level 3 coin will outperform a level 2 or even a level 1 coin. Even if you believe that the SEC will lose its case (a 39% possibility, historically), it does not undo the damage of the other fraud exposed by Ripple's "partners."

The crypto world has gone through these shenanigans many times. These coins bleed out to nothing. I know this is a little bit different because XRP had such a high market cap to begin with but as each day passes and its cap drops, that distinction will eventually fade too.

And honestly, the best thing for tier 1 crypto is to get these players out of the market as quickly as possible so that value can be shifted to better projects or stores of value.

If any XRP truthers can clue me in on the reasoning that it might ever correct upwards (other than small shakeouts to kill the margins), I'd love to hear it. Even riding the waves is too risky IMO as the bottom could drop out at any moment.

>>25320024
nice copy pasta

>>25320067
>can't refute

>>25319879
even if someone has zero vested interest in xrp its a pretty interesting read to see how these scams manipulate the markets
though im sure all types of coins manipulate the markets to make their coins more valuable

>>25320024
XRP has not been declared a security yet. Don't act like you are a lawyer. The lawsuit hasn't happened yet.

>>25320806
even if it hasn't (historically the SEC has a 61% win rate and even higher than that in the big news cases), the allegations themselves from entities that were supposedly "partners" is quite damning

>>25319390
Without doubt, highly paid, oops I mean priced "lawyers" can overturn anything they feel like and finding a reason is child's play to them. That's why I loaded up on XRP, not because I give a fuck about Ripple but because it's going to 10x after this. Just be careful who SEC decides to make an example out of afterwards so they don't look toothless and keep up their facade.

16 cents EOD

>>25321605
im curious, did you actually read the suit?
I understand your take and its entirely possible that its a smart play but im just curious if you took that take after reading the suit or what

>>25320984
SEC's track record means nothing, i bet you do TA on fiat pairs as well

>>25318536
jews

>>25318536
That’s my question too, OP.

My other question is why would any foreign bank trust ripple now that it’s been shown that the American government can stop the show. Idk man.