SEC Uncertainty on XRP Keeps Investors Jittery as Price Fall Fear Looms

[Guest]

Quote

The fear for XRP downward spiral is not fading away, in fact, even BTC’s stupendous run over the past week hasn’t been able to change sentiment for XRP. There is a constant fear looming the SEC may consider XRP as a security which many believe if it happens may offshoot a big dip in its market value.

 

https://coingape.com/sec-uncertainty-on-xrp-keeps-investors-jittery/

 

 

Edited July 24, 2018 by Guest

[Dario_o]

Just another crappy article about the Security "issue"

[Guest]

1 minute ago, Dario_o said:

Just another crappy article about the Security "issue"

Do you have no worry about SEC ruling? 

[Toroth]

Is there a deadline on when this announcement is to take place? Getting tired of hearing about this "looming decision".

[Dario_o]

1 minute ago, DjemDiamond said:

Do you have no worry about SEC ruling? 

 

 

Not at all

Edited July 24, 2018 by Dario_o

[Guest]

1 minute ago, Dario_o said:

 

 

Not at all

Well.

That's good for you than lol. 

[Men_of_coin]

Just now, DjemDiamond said:

Do you have no worry about SEC ruling? 

No I actually have zero worry, A) the company has been talking and working with regulators for months. B) they have on going legal disputes they have to deal with, the SEC just wants to let those hearings proceed as planned. They've hired a former SEC chairwomen to head the legal battle. The cases brought against ripple have no legal backing and are just more failed attempts at degrading the company and it's tech. 

[0083041]

1 minute ago, DjemDiamond said:

Do you have no worry about SEC ruling? 

Samsung isn't worried. The exchange I use (Bitstamp) isn't worried. 

 

So if better people than me aren't worried..... who are you to be worried? Let me see your credentials, please.

[Raz]

My thoughts are that WE may not be worried, but it doesn't mean that the article isn't correct.  I would think that based on the behavior or the market and XRP that in general the market has concerns.  What excites me the most is imagine how much XRP is going to explode if it isn't losing too much ground and the SEC declares it not a security?  TOO THE MOON I SAY!

[Danny]

30 minutes ago, Toroth said:

Is there a deadline on when this announcement is to take place? Getting tired of hearing about this "looming decision".

?

 

Edited July 24, 2018 by Danny

[invest2lose]

28 minutes ago, Men_of_coin said:

No I actually have zero worry, A) the company has been talking and working with regulators for months. they have on going legal disputes they have to deal with, the SEC just wants to let those hearings proceed as planned. They've hired a former SEC chairwomen to head the legal battle. The cases brought against ripple have no legal backing and are just more failed attempts at degrading the company and it's tech. 

Same but worries me is the market doesnt think like this and the more it drags the lower well go

[Danny]

This discussion starts to remind me of a scene of The Marathon Man where dentist Lawrence Olivier asks Dustin Hoffman if its safe.

 

Edited July 24, 2018 by Danny

[XRPonTheIronThrone]

"If XRP is declared as a security the value of XRP would tank in the short-term. But now is a security, it would now be traded by registered broker-dealers in the U.S, dealers that have access to institutional money and have control over trillions of dollars in assets under their management. The entry of these players into XRP which is now a ‘security’ that is changing face the global banking industry would see one ripple share price shoot up to maybe to four digit or five digits bringing it to the same league of Google and Amazon."

"On the other side, if the SEC declares XRP is not a security, the crypto community would be all over ripple (XRP). People would flock into XRP for the very same reason that they were to enter if XRP was declared a security, and that is its use case is changing the face of the global banking industry."

 

Gosh, both outcomes really suck.?

[0083041]

20 minutes ago, XRPonTheIronThrone said:

"If XRP is declared as a security the value of XRP would tank in the short-term. But now is a security, it would now be traded by registered broker-dealers in the U.S, dealers that have access to institutional money and have control over trillions of dollars in assets under their management. The entry of these players into XRP which is now a ‘security’ that is changing face the global banking industry would see one ripple share price shoot up to maybe to four digit or five digits bringing it to the same league of Google and Amazon."

"On the other side, if the SEC declares XRP is not a security, the crypto community would be all over ripple (XRP). People would flock into XRP for the very same reason that they were to enter if XRP was declared a security, and that is its use case is changing the face of the global banking industry."

 

Gosh, both outcomes really suck.?

To be honest, option 2 hasn't really panned out well so far. The crypto market is too trashy for that. I'm now curious to see something like #1 come to pass.

[Delectro]

I'm pretty confident that the team behind Ripple foreseen what was to come.  I too would have lawyers that would ensure my companies vision's with superior success.

The SEC will at sometime make a statement regarding XRP's status...

Relax...

Ripple has done everything right.

If you HODL, be patient.