Post
Topic
Board Altcoin Discussion
Re: Ripple (XRP) goes up, Bitcoin stays flat or even lose value
by
Chainsmokers
on 29/09/2022, 15:30:25 UTC
...Just look it this way, this is the first time that the SEC will lost a case against crypto projects, so this will set a precedence, "A Ripple effect" across. SEC can't file any more cases against projects and says that they are security or any projects for that matter.
You're starting to celebrate Ripple victory over the SEC too soon. Until we see the decision of the federal court in this case, we cannot claim that Ripple has won over the SEC, because we may see a completely unpredictable decision. But in any case, this decision will be used as a precedent in the future.
There is a curtain in front of the eyes of a person who is a fan of a token or a coin. XRP fans are too much involved with the coin and this blocks them from seeing the risks, well there are risks with almost every coin, except maybe bitcoin.

However, XRP has some legal ones, not just risk of what they would do but literally what SEC would do to them, which is something that is not up to XRP to decide, and that means we could see it crash without doing anything, and that's a risk that people should realize. In these cases, I always assume that the risk doesn't worth it, and if you invest into something else it would be a lot easier solution.
We can't blame them since they are a hardcore fan of XRP. Maybe they earned a significant amount of profit from shilling XRP that's why they are still doing it today. Risk is there but I think XRP fans are hoping to make there supported coin rise it's price by having their support. One thing is for sure, XRP community is strong and never fazed even with the issues it faced before.
I admit that the XRP community is indeed the best, because they are really loyal to the Ripple project,
even though the worst bad news on XRP is the delisting on top exchanges like Coinbase and Binance,
but it has been proven by Ripple that they still deserve to be there, and as a result XRP is still there. traded on Binance and still ranks 6th on Coinmarketcap,
of course that's still pretty amazing for a project that's really having problems.