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29992983 No.29992983 [Reply] [Original]

New to crypto, can anyone give me a dummed down explanation what happened to XRP? what's the law suit about?

>> No.29993084
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29993084

>>29992983

>> No.29993141
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29993141

>>29992983
Hey'a mister! Welcome to four channel, do you wanna play with my army men toy soldiers? We can also do Indian and Cowboy

>> No.29993170

SEC just flexing

>> No.29993197
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29993197

>>29993084
Based Schizo

>> No.29993268
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29993268

>>29992983

>> No.29993322
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29993322

>>29993084
kek saved.
>>29992983
It's the schizo coin. Make of that what you will.

>> No.29993394
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29993394

500 is comf
1000 is suicide stack
2000 is make it stack

Too much to explain just get it however you can and protect / hold it. You WILL make it fren

>> No.29993519

I'm also smoothbrain someone pls explain

>> No.29993815

The sec stirring up bullshit despite knowing about and working with Ripple for years, probably a cash grab. There is speculation the sec will give regulation to it and crypto as a whole from this case. They're calling Xrp a security, which it could be considered, but it may be it's own kind of security, and there is precedent that something can go from being a security to a currency. Even if Xrp was decided to be security it wouldn't be a death sentence, even if it was permanently delisted in us which coinbase and many have said 'suspension" specifically for a reason, us only makes up 5% of their business

>> No.29993925

>>29992983
Imagine unironically giving a shit about XRP

>> No.29993985

>>29992983
Buy it and hold till 2k
simple as

>> No.29994225

>>29992983

All you need to know for the next ten years is: Buy at 0.20 and sell at 0.60, repeat.

>> No.29994320

>>29993815
Not a FUDer, just asking for some honest responses. IMO, there are four "levels" of crypto:
1. Legit. Either no-premine or a 100% honest (public, on-chain) contract for premine and/or 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 possibility), 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 faithers 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 risky IMO.

>> No.29994361

>>29993268
>WORD MAKE ME ANGRY. GIB MONEI NOW.
Niggers aren't people

>> No.29995955

>>29992983
its a scam and people realized its a scam, as all altcoins are.

next question.