Akovo Posted December 24, 2020 Share Posted December 24, 2020 7 minutes ago, doz said: Too much risk at this point IMO. I don't think it should be delisted unless it's proven in court that it is a security. That said, it doesn't mean the big boys won't delist it. If CB drops XRP, that will be big and there will be a large sell-off again. Too risky. I am not saying I won't get back in and take a chance, but for now, I'll stay away. I think there will be a lot of swings and money to be made but at anytime, CB can delist and it will plunge immediately. Why should they delist it when the court has yet not decided if it's security or not? Link to comment Share on other sites More sharing options...
Troote Posted December 24, 2020 Share Posted December 24, 2020 (edited) 10 minutes ago, Akovo said: Why should they delist it when the court has yet not decided if it's security or not? Because if the SEC sticks to its principles and says XRP is a security, they can sue US exchanges that are not treating XRP as a security. Especially now that everybody knows that the SEC thinks XRP is a security. The SEC doesn't need to wait for a judgement on the Ripple case to sue someone else for similar reasons. Edited December 24, 2020 by Troote LetHerRip 1 Link to comment Share on other sites More sharing options...
Akovo Posted December 24, 2020 Share Posted December 24, 2020 7 minutes ago, Troote said: Because if the SEC sticks to its principles and says XRP is a security, they can sue US exchanges that are not treating XRP as a security. Especially now that everybody knows that the SEC thinks XRP is a security. The SEC doesn't need to wait for a judgement on the Ripple case to sue someone else for similar reasons. You can't really sue someone over something that is not written in law, can you? Link to comment Share on other sites More sharing options...
Troote Posted December 24, 2020 Share Posted December 24, 2020 (edited) 4 minutes ago, Akovo said: You can't really sue someone over something that is not written in law, can you? Of course you can. That is called a landmark law case. The outcome of the lawsuit becomes law. Edited December 24, 2020 by Troote Link to comment Share on other sites More sharing options...
xrp-nuke Posted December 24, 2020 Share Posted December 24, 2020 13 minutes ago, Troote said: Because if the SEC sticks to its principles and says XRP is a security, they can sue US exchanges that are not treating XRP as a security. Especially now that everybody knows that the SEC thinks XRP is a security. The SEC doesn't need to wait for a judgement on the Ripple case to sue someone else for similar reasons. I thought we already discussed this "assumption" but you keep itentionally ignore and pave it your factless way. Link to comment Share on other sites More sharing options...
xrp-nuke Posted December 24, 2020 Share Posted December 24, 2020 4 minutes ago, Troote said: Of course you can. That is called a landmark law case. The outcome of the lawsuit becomes law. The law has dates e.g. from. Link to comment Share on other sites More sharing options...
Akovo Posted December 24, 2020 Share Posted December 24, 2020 1 minute ago, Troote said: Of course you can. That is called a landmark law case. The outcome of the lawsuit becomes law. I mean for someone as SEC to go after exchanges feels unlogical at this moment before the fate of xrp has full clarity. Sorry for the language barrier, english is not my first language 🙂 Troote 1 Link to comment Share on other sites More sharing options...
AgamemnonUA Posted December 24, 2020 Share Posted December 24, 2020 Is XRP the only coin to pump on bad news? Gambaard 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted December 24, 2020 Share Posted December 24, 2020 3 hours ago, 2ndtimearound said: This is it. My feelings are the SEC are going to be quiet for the months ahead. They are an arm of the government. They absolutely want to control the cryptospace. I hope I am wrong and the new chair will be warm to crypto and even dismiss the Ripple case (wishful thinking, but I hope) and we can live in a normal market of open price discovery and XRP can survive/fail based on its own merits. Away from that fantasy, the SEC can remain irrational longer than you can remain sane/composed in this market. This court case might take 18 to 24 months or longer to resolve. That's 18 to 24 months of zero institutional investment in XRP in that time while BTC and ETH consolidate as institutional "safe" tokens to buy. XRP's price is going to slowly bleed away...save some out-of-the-blue news of an out-of-court settlement...which is still at least 2 weeks away (after Christmas/New Year) - where is the price going in the meantime? I hate to be the bear but we have to be realistic. Well, there are no realism here as this case is unique and important for crypto, not all actors get it so far, they focused on how deep XRP can sink, not on how deep US gov/reg can chain your business and industry. Sotong 1 Link to comment Share on other sites More sharing options...
Troote Posted December 24, 2020 Share Posted December 24, 2020 1 minute ago, AgamemnonUA said: Is XRP the only coin to pump on bad news? Asia is waking up and doesn't care about US politics. Link to comment Share on other sites More sharing options...
Troote Posted December 24, 2020 Share Posted December 24, 2020 7 minutes ago, xrp-nuke said: I thought we already discussed this "assumption" but you keep itentionally ignore and pave it your factless way. Tell that to these guys: https://www.coindesk.com/coinbase-delist-xrp-exchanges-dilemma I am no lawyer. Never claimed I was. Link to comment Share on other sites More sharing options...
retep Posted December 24, 2020 Share Posted December 24, 2020 (edited) And xrp is above 30 cents again. Who knows it recovers waaaaaaaaaaaaaay faster than anyone here would expect. Edited December 24, 2020 by retep Link to comment Share on other sites More sharing options...
Baka Posted December 24, 2020 Share Posted December 24, 2020 3 minutes ago, Troote said: Asia is waking up and doesn't care about US politics. did you rebuy ? Link to comment Share on other sites More sharing options...
doz Posted December 24, 2020 Share Posted December 24, 2020 Be interesting. I’d say it’s a time to make money quick in and quick out. Maybe I’m wrong. Just don’t get stuck if it gets delisted, get our quick. Long term you may be ok, but why get killed. I think xrp will be highly manipulated for a bit. Violent swings for the time being. Time will tell. Link to comment Share on other sites More sharing options...
Ramforinkas Posted December 24, 2020 Share Posted December 24, 2020 It's hard to justify the drop we saw from just the SEC news (US only). That drop was mostly panic/frustration based with bots/traders jumping in. I mean, we fell a crazy percentage (60-70 percent?) within hours, but welcome to crypto. Lets see if we can hold .305 now, that would be very optimistic. That alone could fuel us back into the .4's. LetHerRip and Sotong 1 1 Link to comment Share on other sites More sharing options...
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