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Re: XRP - Post Lawsuit Possible Outcomes & Thoughts

Maz7

on 12/02/2021, 15:44:41 UTC

Quote from: FanEagle on February 11, 2021, 05:26:25 PM

Quote from: Maz7 on February 10, 2021, 11:37:46 PM

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

I guess the fact is that they are centralized and they are managed by a company tells you that XRP is not really a good coin anyway, so you should probably stay away from it no matter what and this whole situation shows you why you should not buy it, and if this is not a warning for you and you are still interested in XRP I can't help you anymore and just tell you to not be sad when you lose your money because you wanted it.

But if you must insist, I guess if Ripple somehow manages to win the lawsuit that would mean they are free and they would of course be out of the woods, which would of course have a huge spike on XRP price in a short term. However considering that there are 4 ways it could lose in the long term versus 1 way it could make a profit in a very short term, it doesn't make any sense to just hope for that 1 and be present and sell at the exact time.

You're not wrong at all. The pro's/cons are pretty eye opening.
I'm not expecting this thing to go to $10+ . If it pops, a couple bucks, I'd look to sell.

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Re: XRP - Post Lawsuit Possible Outcomes & Thoughts

Maz7

on 11/02/2021, 14:27:08 UTC

Some good items pointed out here.Seems the more I read articles around the internet the more negative the feedback is. So I certainly appreciate the insight provided here.

Reading through some excerpts from the lawsuit through the site and they are pinning it a bit more saying the SEC has a much stronger case than initially thought.
Appears there was negligence on the accord of Larsen and co. by not actually going to the SEC to confirm if they would be a security back in 2013.

https://www.coinbureau.com/analysis/sec-ripple-lawsuit/

I guess time will tell. Hoping for a positive outcome as I hold quite a bit of the position.
I think even a settlement and being not deemed a security would still be a positive as opposed to entirely shut down.

Thanks again!

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XRP - Post Lawsuit Possible Outcomes & Thoughts

Maz7

on 10/02/2021, 23:37:46 UTC

Hi Everyone,

New here but learning more and more about a variety of coins.

Reason for the post is I understand XRP is not a decentralized coin and the negative feedback around it. With the SEC lawsuit pending claiming Ripple is a currency, I'm looking for insights on the aftermath.

Ultimately, I think we can assume if the SEC does win their suit, 2 things can happen: XRP could be deemed untradeable and/or Larsen & Garlinghouse are hit with fines/penalties etc which could diminish the company/coin but possible they stay afloat.

My question for everyone is if they do win their suit, does the coin soar? I do believe there are technological advantages provided by XRP with the transfer of assets and the ability to partner with banks.

Ideally, I'd just like additional information of what this could potentially mean in either facet.

Thanks!