Post
Topic
Board Altcoin Discussion
Re: Why are people still buying XRP?
by
m2017
on 19/07/2022, 15:01:24 UTC
XRP (Ripple) up 15.5% this week... why?

For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"

But are they really?? Who? Which ones?

Its tech has to be really outdated by this point. It was always centralized and lacked poor distribution.

Anyone here buying XRP or even holding it? Am really curious as to know why.
During the hype of 2017, I succumbed to this phenomenon and also bought xrp. Quite a bit, like a few hundred coins. At that moment, I knew absolutely nothing about all the shortcomings of the xrp, and in general, my knowledge of the cryptocurrency was also extremely superficial. My choice in favor of xrp was due to the fact that the project "has potential" or something like that, as such shitcoins are usually praised. Now, this all seems very naive to me and I would never buy a xrp.

I have no idea why the xrp price has risen this week. One thing is clear to me, it means that someone has shown interest in this coin and is buying. The reasons for their behavior are not clear to me, for I am not one of them. And I wouldn't want to be one of them.