Why's ripple dumping?

[Anon No.23026251]

I've gone through google and read many articles about how much XRP is getting dumped. There's so much info out there discrediting Ripple. What would be a good reason for them to do this?

[Anonymous No.23026262]

>>23026251
cos its fucking worthless lmfao, literally made for dumping

[Anonymous No.23026290]

>>23026251
Because Ripple (the company) is in business to make..... MONEY. The plan was to have banks, institutions, etc. buy 55 billion ripple for them to use. That didn't happen. So do you actually think a business, whose sole existence is to make money, is going to burn the tokens instead? Or not sell them?

No. The XRP dumps is pretty much proof that it's a dead project to Ripple (the company). It might be a passion project to David, but they have a bottom line to increase profits. The hilarious thing is that it's going to go to less than 10c on release of Flare because not only will Ripple be dumping XRP, but they are going to be dumping Flare tokens too.

[Anonymous No.23026291]

>>23026251
Because the people writing the articles are focused on the market. They aren't considering the potential value of use

[Anonymous No.23026308]

>>23026290
>flare network is bad for xrp
Nice fud you guys are getting creative

[Anonymous No.23026325]

>>23026290
Yea hue hue! It's so dead SBI wants to pay their e sports team in XRP. Man imagine! Lol heres your 1 billion xrp salary /s idiot.

[Anonymous No.23026336]

>>23026262
lol exactly, no need to go deeper desu, its just shit

[Anonymous No.23026374]

Ripple CEO Brad Garlinghouse has said:
>“We would not be profitable or cash flow positive [without selling XRP].”

[Anonymous No.23026392]

>>23026290
>The hilarious thing is that it's going to go to less than 10c on release of Flare because not only will Ripple be dumping XRP, but they are going to be dumping Flare tokens too.
Seriously where the fuck did you get this from kek you’re retarded beyond psychological evaluation

[Anonymous No.23026794]

>>23026308
>>23026392
Do you think the price is going to double? When you give an airdrop to holders you see a massive dump. Bitcoin forks show this. Giving people another token in a 1 to 1 ratio causes devaluation.

Think about it. Who is buying the XRP? Do you think they are now going to spend x2 to buy both XRP and Flare? In order to keep the prices of XRP/Flare then they will need to spend x2 the amount to keep them both at 23 cents.

No, the market forces will stay the same which will devalue both XRP/Flare to 10c each. If you disagree please show me where the x2 customer base will be for people buying both XRP and Flare at 23c.

>>23026325
SBI wants to offload their XRP too. Are you fucking stupid? They are one of the few institutions to buy XRP and got left holding the bag. They are finding better ways to liquidate it.

[Anonymous No.23026826]

>>23026794
>In order to keep the prices of XRP/Flare then they will need to spend x2 the amount to keep them both at 23 cents.
Top ten dumbest takes

[Anonymous No.23026883]

>>23026794
You obviously don't know what flare does so just stop posting retard

[Anonymous No.23026921]

>>23026826
>>23026883
Feel free to explain to me how I'm wrong. You are effectively doubling the supply of XRP.

[Anonymous No.23026929]

>"ripple"

[Anonymous No.23026961]

kek

[Anonymous No.23026975]

>>23026794
>Giving people another token in a 1 to 1 ratio causes devaluation.
wrong

[Anonymous No.23027038]

>>23026921
XRP safely and trustlessly becomes FXRP, on Flare, secured by Flare's native token, Spark. XRP now effectively exists on a Turing complete network and once there, trustless interoperability with other networks is feasible, both through interoperability protocols such as Cosmos and Polkadot or with Ethereum via well defined bridge protocols. In short: Flare can be used as a smart contract platform for XRP or as a trustless pipeline for XRP to other networks. It's not a fork, you dork

[Anonymous No.23027114]

>>23026921
>Being this dumb

[Anonymous No.23027203]

>>23026794
Liquidate it? XD they are forcing use cases you dumbass. Also only idiots will sell flare. Its a voting token as well. So people will be selling their voting power share. Sounds good to me.

[Anonymous No.23027214]

>>23027038
Chainlink is still better faggot.

[Anonymous No.23027264]

Its reverse dumping rn...

[Anonymous No.23027280]

>>23027214
You faggots don't understand a goddamn thing about the technology. Just fucking stop.

[Anonymous No.23027296]

>>23027280
Flare and XRP has nothing to do with ChainLink.. Its a fucking money grab.. How should this even compare to Chainlink

[Anonymous No.23027312]

He dump?
Bump it.

Spiked up drastically just now.
Almost like manipulation is happening or something.

[Anonymous No.23027314]

jed is contractually obligated to dump every first of the month this is normal. xrp moons eoy 2k buy the dip

[Anonymous No.23027328]

>>23027280
Tell us more about missing out on link

[Anonymous No.23027338]

>>23027114
Feel free to explain why.

>>23027038
I didn't say it was a fork. I know how all of that works even though you basically just made an entire word salad of no substance. I'm comparing it to a fork because it will generate massive amounts of new coin, similar to bitcoin forks.

Ripple is generating new tokens on a 1 to 1 ratio of XRP. 1 XRP corresponds to 1 Flare token. What do you think is going to happen to the Flare tokens? They are going to magically not be sold? No what will happen is exchanges that offer XRP will now offer Flare. People dumping XRP will also dump their Flare. What do you not understand about that?

>>23026975
Show me another time that hasn't caused a dump of the price.

>>23027203
>they are forcing use cases you dumbass.
SBI has XRP as they were one of the adopters of it. Almost no one else did. Them paying employees in it doesn't enforce the use case, they just need somewhere to offload it without sinking the price. Imagine this, they market sell XRP and get lower value. OR they could pay it as a salary and keep the price high (less XRP needed). It is a money saving strategy.

>Also only idiots will sell flare
So the creators of XRP, Ripple are all idiots? There is a reason why they are dumping it.

[Anonymous No.23027336]

>>23027296
>how should this compare
You're right they don't fucking compare you absolute degenerate moron. You faggots always come into threads about xrp and talk about chainlink being better when you already realise they don't compare at all.

[Anonymous No.23027359]

It broke the 0.24 barrier downwards,this shit is going to dump more than it was before the pump

[Anonymous No.23027378]

>>23027312
>Spiked up drastically just now.
>Almost like manipulation is happening or something.
Holy shit the IQ of you retards. XRP wasn't the only one that spikes. Almost the entire alt coin market all spiked up because of bots algorithmically trading.

[Anonymous No.23027438]

>>23027338
why would they create a XRP foundation? Why Would Jeb transfer his XRP to a fund? Maybe if you thought harder, you could schizo ur way into thinking Jeb will donate all his XRP locked, to the foundation.

[Anonymous No.23027451]

>>23027338
>Ripple is generating new tokens on a 1 to 1 ratio of XRP.
Ripple didn't make Flare. You know what bro, im done explaining shit to you. You're arguing from a standpoint that only happened in your head and hasn't been a real life event.

[Anonymous No.23027496]

>>23027336
AHA then fuck XRP, has nothing on Link. GTFO.

[Anonymous No.23027514]

>>23027496
they can both work together is what hes saying.. lol also ripple just won oracle based patent exchange in US.. XD who cares about Link.

[Anonymous No.23027602]

>>23027496
retard quit posting

[Anonymous No.23027744]

>>23027438
>why would they create a XRP foundation?
To make money. They attempted to get in on the Cryptocurrency boom and hoped to have institutional adoption. They are in the industry of financial technology.
>Why Would Jeb transfer his XRP to a fund?
Because institutions were not adopting. Very few did. It was not a success. Ripple needs a way to make money. So what else were they going to do with it? If they dumped all 55 billion ripple at once it would be seen as a rug pull and the price would go to zero. If they dump over time then they would make more profit.

>>23027451
>Ripple didn't make Flare
It doesn't matter who made it. XRP holders are about get double their holdings. Similar to what happened with BTC holders during the forks. The difference is that XRP/Flare are tied together, which will devalue them both by half.
Where are the customers going to come from that will buy both XRP and Flare at 25c~?

>>23027514
>also ripple just won oracle based patent exchange in US
The person who submitted the patent no longer works at Ripple.
https://www.crypto-news-flash.com/ripple-labs-obtains-patent-for-smart-oracle-system/
Did you actually read the patent anon?
https://uspto.report/patent/grant/10,789,068#D00001
It has nothing about incentivizing good data. It has nothing about node operations. It has nothing about cross chain data operations. They are very behind on solving the Oracle problem.

[Anonymous No.23027812]

>>23027514
Oracle use Chainlink fag

[Anonymous No.23028864]

>>23027744
So where do you put your money?

[Anonymous No.23028908]

>>23027338
Feel free to get off this board

[Anonymous No.23029103]

>>23027744
Based anon providing logic and reason

[Anonymous No.23029173]

>>23028864
GHST. If the game works it can easily hit $10. I say that because if you're looking at XRP then you're probably looking at other cheapo coins. ALGO imo is another XRP. They are doing all the same things, but less dumping. Institutions are not ready for XRP/ALGO. You can argue that they are ahead of their time, but that doesn't matter to the investors. What matters is making money.

XRP has never x2 after the crash. It at best did a 1.5x.

[Anonymous No.23029216]

>>23028908
No. Actually think about why XRP is sub 30c. Ripple isn't using XRP for their products, they are using other payment technologies.

[Anonymous No.23029397]

haul 16k
whaddya get
another day older and deeper in debt

[Anonymous No.23029452]

>>23026290
High iq post!

[Anonymous No.23029480]

>>23027744
>Ripple needs a way to make money. So what else were they going to do

the whole purpose of spark is to let ripple (or anyone) lend capital against their xrp holdings. post-drop their only incentive other than staying solvent will be to increase xrp price.

[Anonymous No.23029515]

>>23029216

Imagine identifying an asset whose market price is being artificially suppressed and telling yourself that it will stay that way forever

[Anonymous No.23029538]

>>23029515
Right? XD xrp is useless (as it stays top 4 forever) lol.

[Anonymous No.23029571]

>>23029173
Thanks for sharing some counterpoints. I hold a ton of XRP but the confirmation bias in these threads gets old fast. I want other perspectives and to be told I’m wrong instead of constantly hearing WAGMI.

[Anonymous No.23030131]

>>23027744
As a long time lurker I'm royally pissed I have to comment on this, but I guess xrp moonboys embrace the fud and dont address it anymore because they know just how bullish it really is.

I'm not doing this for you anon, I would have rather left you on groundfloor at the curry factory.

>they created a XRP foundation
To make money. Dumping over time to cover a rugpull.

I think you have confused your dumping over time to cover a rugpull's with your mom pulling her indian rug to cover a dump. This is a legitimate company making legitimate progress.


>The project was not a success very few institutions adopted

Lol. You are saying the project has already failed by misunderstanding the timeline. This year they are shaking hands with the US treasury secutary in the whitehouse. This year they are partnered with R3 corda (not that you would know what that is rajeet). This year they have actively encouraged, negotiated and defined blockchain legislation. This year they are in bed with the world economic fourm. Thats not just a name.


>Flare is going to devalue xrp
Flare is not ripple. With your logic you could crash any crypto simply by making anoter token with a usecase and holding an airdrop. Who is holding xrp? People who would want to keep flare. Did uni dump or go up?

>Patent fuding

Did YOU even read the patent anon?

It's about fucking Settling Derivatives And Oil Contracts. Were not going to any moon we're going to titan.

[Anonymous No.23030179]

>>23030131
No xrp is not link. It doesnt need to be.

[when you have KET TOKEN why go(...) No.23030229]

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>Look at $KET a pretty strong compared and committed to many of the scams that mooned during that time period, so it has already set itself apart in that respect.
> I just have to say I don't see any other projects getting this much actual usage.
> With ETH adoption growing more and more will want to move to $KET project…

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[Anonymous No.23030266]

>>23030229

>market is spooked
>volatility at 12 month low

kek

[Anonymous No.23030295]

>>23026251
ripple is up 3.3%

[Anonymous No.23030726]

Still makes me kek retards bought literal garbage, not-equity, thinking it would actually appreciate in value. Hope your bagholder class-action works out kiddos. You got scammed lmao.

[The Garlicman No.23030841]

>>23030179
cope, too few link in circ. to facillitate mondial derivatives collateral

[Anonymous No.23031408]

>>23029515
>being artificially suppressed
Chainlink has a massive amount of LINK being dumped too. The difference is that they care about their project. ALGO did the same thing.
Ripple is one of the worst companies that treat their adopters like shit. They have not done a single buyback. They have done nothing to support adopters.

>>23029480
Yes, I know it's trying to go after Smart Contracts, DeFi, etc. That doesn't matter when they dump and have zero customers using it. Can you name a single DeFi project that has dumps like that? They don't because it would crash the price even harder. FTM/YFI isn't doing it.

>>23030131
>because they know just how bullish it really is.
I'm sure XRP is going to explode! Just wait another 10 years or so.

>This is a legitimate company making legitimate progress.
Where is it? Next to zero adoption. Zero customers. The only thing they make progress on is dumping their bags. XRP has had 3 years. Where are the results?

>You are saying the project has already failed by misunderstanding the timeline.
In what timeline do you live where XRP was a success? Partnerships don't matter if customers aren't buying.

>With your logic you could crash any crypto simply by making anoter token with a usecase and holding an airdrop
That is true if they are closely tied together. You don't get to make money out of nothing. Do you think a customer base for Flare is going to appear out of nowhere? You will need twice the current customer size to support the price of XRP and Flare both being at 24c~

>Did YOU even read the patent anon?
Yes I did, they used derivatives and oil contracts as an abstract EXAMPLE - it's not actually about that. Show me where in the patent do they talk about incentivizing good data and punishing bad data (a requirement for oracles to work). Show me how they plan to operate the oracles. At best this is a rough idea of an oracle system. If they really have an oracle system, where is it?

[Anonymous No.23031968]

It's gonna moon bros

[Anonymous No.23032100]

>>23031408
>They have done nothing to support adopters.

they have maintained a high degree of stability in the most volatile market year in more than a decade. stability is the most attractive feature a token can have imo.

[Anonymous No.23032270]

>>23026921
I love how FUDsters always get BTFO in these threads. None of them have done their research. Once you do the research and required reading, you become impervious to all this shit fud. Every time I see one of these jabronis come in I get even more bullish on XRP.

[Anonymous No.23032306]

>>23027338
>Ripple is generating new tokens on a 1 to 1 ratio of XRP
Flare isn't Ripple you moron

[Anonymous No.23032453]

>>23032270
Yeah it's pretty obvious that they don't know what they're on about. That's why most if them just stick to
>muh link

[Anonymous No.23033410]

>>23032100
>they have maintained a high degree of stability
What reality are you living in? Daily fluctuations of 5% don't happen to stable coins. It has dropped enormously from ATH, and even after the crash it has never gotten back to 44c.

>>23032306
Ripple in combination with Flare Networks is doing this, not just Flare you fucking retard. They are partners to achieve this. You've made a logical error in thinking that FN isn't somehow answering to Ripple.

I am going to laugh so hard when not only do they dump 55 Million XRP on you, but also 55 Million Flare tokens too. I hope your bank account is big enough to double your monthly purchases because otherwise it's going to tank.

[Anonymous No.23033433]

>>23033410
Oh I'm sorry, it's not million, it's billions lmao.

[Anonymous No.23033591]

Flare is going to be a bridge for XRP. Garlinghouse confirmed this August.

[Anonymous No.23033683]

>>23033410

still preferable to fiat where the numbers being dumped annually are in the trillions.

you see that 55bn as an axe waiting to fall simply because you don't understand the market fundamentals. the axe existing keeps the price low, but that is not the only thing it does.

[Anonymous No.23034022]

>>23026251
>There's so much info out there discrediting Ripple.
Retard.

[Anonymous No.23034565]

Sure is climbing fast bros