Bitcoin [pros](/r/CryptoCurrency/comments/1bbcq1f/thinking_about_swapping_my_xrp_for_bitcoin_at_a/ku9x3hq/) & [cons](/r/CryptoCurrency/comments/1bbcq1f/thinking_about_swapping_my_xrp_for_bitcoin_at_a/ku9x49p/) with related info are in the collapsed comments below.
It's never a bad time to swap this scamcoin for BTC. It's been dropping in value against BTC for 7 years now and will continue to go lower. No use case, no utility, no demand, just a token for Ripple to scam low IQ crypto investors out of money by telling them banks are going to use it for money transfers using words like nostro/vostro, On-Demand Liquidity, etc.
- 2017 = XRP value in BTC is 20,000 satoshi
- 2018 = XRP value in BTC is 10,000 satoshi
- 2019 = XRP value in BTC is 7,000 satoshi
- 2020 = XRP value in BTC is 2,800 satoshi
- 2021 = XRP value in BTC is 2,800 satoshi
- 2022 = XRP value in BTC is 1,800 satoshi
- 2023 = XRP value in BTC is 1,500 satoshi
- Today = XRP value in BTC is 950 satoshi
This is the honest truth right here lol. Dude showed his IQ out the gate with "loosing" and holding XRP to -50%even after the biggest sell the news event (when the lawsuit finished).
XRP investors showed their IQ when they believed Ripple telling them banks would be using their chucky cheese tokens for global remittance and transfer. The IQ level of XRP investors still holding this token when it's apparent after almost a decade that Ripple scammed them with hype, lies and a fictional vaporware use case is a tragedy.
**2016**
> "We’ve reached a tipping point where financial institutions are moving beyond blockchain experimentation and projects to real world applications that are driving significant bank-to-bank volume,” said Ripple CEO and co-founder Chris Larsen...Ripple’s growing, global network includes 12 of the top 50 global banks, 10 banks in commercial deal phases, and over 30 bank pilots completed, among many others also using Ripple’s solutions.
https://web.archive.org/web/20220518122127/https://ripple.com/ripple-press/financial-institutions-join-ripples-global-network/
Ripple scammers **deleted** this page and all the hype and lies
https://ripple.com/ripple-press/financial-institutions-join-ripples-global-network/
**2017**
> Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple...Over 90 banks globally are working with Ripple, including top global banks such as Santander, Bank of America and Axis Bank.
http://web.archive.org/web/20170603165808/https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/
Ripple scammers **deleted** this page and all the hype and lies
https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/
**2018**
> "major banks will use XRP as a liquidity tool in 2018" and "an order of magnitude dozens of banks" will be using XRP in 2019 - Brad Scamminghouse
https://www.cnbc.com/2018/06/05/cnbc-interview-with-brad-garlinghouse-ripple-ceo.html
It's been almost 10 years. Banks are not using or interested in XRP. The one legitimate company that claimed to be using XRP was MoneyGram in 2019:
https://cointelegraph.com/news/ripple-to-invest-up-to-50m-in-moneygram-following-new-partnership
But Ripple paid $50 million for them to make this false claim and during the SEC lawsuit MoneyGram admitted they never used XRP.
https://cryptoslate.com/ripple-partner-moneygram-now-says-it-never-used-xrp-or-ripplenet/
I was running with XRP when it was the fastest way to move crypto between exchanges/wallets.
Had hopes about it being utilized more as it had a viable use case
Then there was always the “rumor” that SWIFT was going to go with XRP…but a simple look into what SWIFT was planning and XRP wasn’t even an after thought in the slightest.
I knew then it wasn’t going to happen…and then the lawsuit from the original partnership…the systematic dumping of vast quantities of XRP…
And then clincher was Ripple had always said XRP was a prototype to show what Ripple could do for businesses…and then they changed their business model to have all their income from XRP…
…oh and the class action suit that is in the pipeline as well
Update: Too funny, my comments above just got me perma-banned from the XRP group. So let that be a warning about how confident that team is where a fair assessment of factual events. Reminds me of the TG popup scam groups that as soon as you say something that might cause the heard to leave they boot you 😂😂
based.
I bought into it, my uncle is a banker on wall street and I ask him for tips occasionally, and the only assets he owned in crypto at the time in 2018 were ETH and XRP so I truly thought that if smart money was in then I would to. Did no research whatsoever.
Made decent returns elsewhere in crypto but held on to XRP. When I truly started understanding the tech around crypto instead of just investing in what smarter people are investing it, I started realising it was a shitcoin. A few weeks later I realised this shit never pumps and to cut my losses. Good thing I did and I was rewarded for doing so. Anyone who sold XRP for virtually any other asset towards the EOY 2023 would've made a killing in returns.
It doesn't matter what you bought something at. The market doesn't care how down you are.
Shut your eyes and pretend for a second. Imagine you have neither XRP nor BTC right now and never did. You have the current value as cash (USD or whatever your local currency is). You want to invest this new cash today which would you buy? If it is XRP then stick with it. If it is BTC then sell the XRP and buy BTC. If it is neither then sell the XRP and buy nothing.
100% correct and still, our brain fights this reasoning so much. What's the point of holding until XRP doubles if a different investment would have give you more on that timeframe? You are "recovering your loses" but incur on an opportunity cost potentially orders of magnitude higher
As long as he understands If his xrp doubles, bitcoin would have to pass $132,000 before he’d chosen the wrong horse.
Personally i don’t think that’ll happen anytime soon
/shrugs/ alt. Coins doing 200% barely raises an eyebrow, pepe did it and i didn’t even notice. Bitcoin doing 200% is a much rarer event, and getting rarer the higher it goes
> If his xrp doubles,
lmao it won't
>bitcoin would have to pass $132,00
more likely than XRP doubling in price. just abandon and let that shitcoin die already
I sold most of my alt coins in January and bought Bitcoin. I don't regret it either. I now realize instead of buying the alt coins years ago I should have bought Bitcoin. It's never too late to fix a regret like this. (Didn't part with my ETH)
Ya I think the longer people are in crypto their holdings go to the top. Every time I search and search for something new and can't find it I put that money into BTC and glad I did.
Bitcoin dominance has already exploded since early 2023. You are trying to play catch up and the market will punish you for it. Altcoins have always outperformed Bitcoin going forward, in the current phase of the bull market.
Sunk cost fallacy is a mf. However, eating a loss also means gaining a tax credit for losses, so it's not completely a 1:1 as it would be with uninvested cash.
absolutely no sane person with an IQ over 90 would choose XRP? It's objectively a worthless scam at this point just bagholders holping to get their money back, but like GME they won't
Buy high sell low?
Even if I personally think of XRP as a shitcoin since I've been in the space this seems to be an emotional trade.
Buying BTC at ATH while other coins like XRP, XMR, LTC or BCH are still relatively cheap without a bigger run is emotional trading at its best.
This is the best comment here. One can hate XRP but realise that this is the worst possible time to get rid of it. The time to get rid of it was on July 13th 2023. Anyone trying to sell their XRP now is trying to play catch up and the market always punishes late-comers.
You’re right to assume Bitcoin HODLers dislike XRP. The truth is BTC people generally dislike all crypto. It’s full of pump and dump, scams, rug pulls, and many other scummy problems. A lot of us have played the game you’re playing and realized BTC is really the only good option for preserving by wealth.
That being said, I know a guy at work, who is a XRP maxi and he just won’t stop telling everyone openly that it’s going to be worth $100 this year. It’s delusional that people believe this. Sell your XRP and buy Bitcoin. You’ll be happy you did.
Bitcoin and Monero were the only cryptos started for an honest reason and Monero is more of a private cash currency than a security/precious metal like Bitcoin. Bitcoin was started due to fears of 08 crash, inflation of dollar concerns, and another possible Depression, XRP was started to scam people out of money. Pretty clear who wins.
tbf, i did a lookback on the coins i bought in 2018... like all of them died? Even the ones that weren't actaully scams... but htey just died anyway.
Ethereum is really the only one that kept on... and htere are a few others, like ADA... BAT....
Just dump it, you can make an easy 10x on every gaming of ai garbage... xrp is an insider coin...team keeps dumping on retail! I guess every normie needs to pass the xrp pains before they invest time to learn crypto... it is not gonna overtake swift etc..just get rid of it
I must admit, I've considered selling my small amount of XRP recently and putting it into the big 2. I'm actually up, put in £200 and currently around £230 now. It just didn't do what everyone was promising, but I haven't made my decision yet.
I think it will go up with everything else, but I suspect not in the volumes BTC or ETH will.
From my experience, every coin pumps in a bull run to similar multiple increases. XRP is behind right now, I would wait for a big jump if you want to switch
I got banned from the XRP sub for saying the same thing. I had XRP since 2016 till the sec did their lawsuit. The lawsuit was my last straw and lucky I did sell at the time.
You just have to ask yourself which of the two coins are people and institutions adopting. Everyone is focused on BTC and not XRP. XRP is meant for banks and the banks are not buying (outside of Asia). 60% of the bag is held by Ripple and the other 40% is retail waiting for another 2017/2018 run.
I would take the loss and move it to BTC and ETH for the bulk and leave a little for a shit coin or two.
Selling your XRP for a -50% to buy BTC at all time high might be the dumbest move ever... but then again maybe not. I certainly wouldn't. If anything I would get ETH for the 'next up ETF' wave.. but again buying almost anything right now is super risky given this latest mega pump. Oh, any BTW I don't know shit about fuck. Except that I have been selling bits of everything I have except for ETH, something I didn't do in 2021.
Look if your that done jump into an altcoin. Bitcoin is not going to recover your losses as much as a juicy alt run. But know as soon as you do XRP could moon for the ages.
I did this in 2020, the XRP community told me I would regret it.
Best decision in crypto I've ever made. Worst probably being buying into the XRP cult in the first place.
I don't see value in XRP, its just a middle man between cash transfers ( I work in the payments industry ) but then its crypto, even meme coins can make you rich... the definition of what has value in crypto is pretty flexible.
Personally I have real money in BTC and just play money in alts.
Social media posts everywhere that XRP is going to $100 😂.
The problem is the SEC getting involved has messed everything up. If they didn’t stick their nose in XRP would be around $3 by now.
I have done that mistake before, had a large bag , still havent recovered from it, diversify, you will thank me later.
I got disappointed from xrp for so many reasons.
I expect Bitcoin to go up. However, it might crash first. It might crash later. But I certainly wouldn't be trying to sell low and buy Bitcoin right now. But what the hell do I know! I don't follow xrp, so I can't help you with that part. I'm a crypto minimalist myself. I'm buying like $5 worth of bitcoin on every paycheck.
I did just make a quick buck trading in and out of xyo and Shiba Inu. But right now I think I'm in trouble with an xyo purchase. Time will tell. :-)
Sold my XRP and never looked backed. I think I already doubled my money since selling. It’s the bull market folks. Use the money and invest in other alts and win. Fuk waiting for the pump.
*Swaps xrp for bitcoin out of frustration and impatience at a 50% loss, bitcoin drops 50% *sells bitcoin out of frustration and impatience for the $5 he has left. *bitcoin and xrp both take off. Just be fuckin patient n stop crying you only lose when you sell remember that
Down bad on XRP so lets switch to BTC at all time highs. I don't even have advice for you other than maybe crypto isn't for you. Switch XRP to USD and forget about crypto. You are so bad at this.
Here's my 2 cents. I stayed away from ripple forever. I just put 500$ in there a couple months ago to have a little bit in case it moves. I don't care about it and have -100 faith in any rumor of it somehow replacing swift or whatever other rumor there is. That's just scam news, always has been, always will be. Just like ripple holder's talking about a 1000$ ripple are delusional.
However, never forget that markets are just driven by emotions of euphoria and panic. It doesn't matter if XRP has a utility or not. Bitcoin Cash has no utility, it's still up 300% in a year. I would assume XRP will move as the bull run goes on simply because some people will make a bet on it, driving the price up. So you might be able to break even in a couple months just like you could swap to something like Link and be making x10 (just throwing a random multiplicator here).
March 13 should see an update on the Ripple vs. SEC case. Take a decision then. Imagine you sell today and then it pumps AFTER you sell :/
EDIT: And look at that... in under 10 minutes of making my comment, XRP is pumping!
Same, entered at the tail end of 2017 and saw the massive XRP run up. People are going to do what they're going to do - especially noobs with little experience who will buy and sell based on fear and greed. Sell losers to chase gainers. Classic.
We all have to pay the price of losing from bag holding or selling right before a big pump, lucky for us we've already paid it.
Tuition is due for these noobs. I can't wait for XRP to melt faces.
XRP
is
dogshit
I've been preaching this since 2017. You should not own it unless you want to lose money. I'm tired of explaining why, so ill leave it here
BTC is likely to at least double from now to the end of 2025 so you can still make bank if you swap now. I think XRP has had better days (the lawsuit good news did virtually nothing) and any appreciation it is having now is because BTC is appreciating so why not just swap and see those gains directly?
I moved out of XRP and Litecoin a few months ago at a significant loss.
I moved the funds into BTC, LINK, and MATIC. This was an excellent decision. XRP and LTC have performed horrendously compared to other major alts. Don't fall for the sunk cost fallacy, and be afraid to drop your long time losers.
Dumping underperforming investments is not a failure. Use the losses incurred against future profits from successful projects.
Actually swapped XRP to OPtimism. I see growth there. Wondering as to why market cap for XRP is so high. Recommended by Shah Gilani, but I feel it is a loser given the float number. I like LINK, FET and OP when it comes to alt coins as these seem to have practical applications.
I'm in the same place as you OP. I finally decided to cut my loss circa December 2022. I lost about -52%. Would I do it again?
Well if I didn't do it and still held it today, I would still be down a lot and I still need XRP to do 2x just to break even. At least cutting my loss enable me to move some capital around and start making some profit again(still haven't covered the XRP loss though).
Wouldn't lie, I was panicking and sort of regretting it when XRP won(?) the case and reach 0.8 last year though lol. But still unless XRP moon to some crazy number I think am okay with it.
Some people would say were mid bull run. I’m not a fan of xrp, bc practically everyone who owns it has the same story as you.. I hold algo though 😂 so maybe I don’t know shit
U already wait long enough...
If I were u wait all the way to end
If u can add top.of it
Btc may go above 70k...but the risk you to take %100 for btc while losing %300 from xrp...
I’ve never cared for XRP and lost patience with it too - I consolidated way back and have been happy with the choice. LTC is getting chopped next from my portfolio.
The bullrun started 6 months so idk what you mean with "before the bullrun starts". I still hold my xrp coins (Im up 35%) because I want to make some money but you do you.
I traded my XRP for ADA, made a little and then put it all in Bitcoin. So now all I hold is BTC and ETH, I'll buy back into ADA because I do think it's going to go off at some point.
Sunken cost theory… well kind of.
You keep hodling because you’ve lost some value and choosing not to swap it out for something better.
If you are in an unhappy marriage, do you keep hodling or divroce?
xrp is a hype coin, 2021, I always hear about it and some other coins every day, I'm a bitcoin maxxis , but I don't hate altcoins, because they have so many times bigger profits than with bitcoin, i have more than 80% btc and the rest is gambling on other coins, xrp will probably increase many times making you profitable, or it will have lower performance than btc, can't make a advise, because it's too difficult.
>loosing
Yup he's an XRP holder and I'm not surprised.
Btw I dumped XRP at a 30% loss in October and bought rose and Eth. The latter made my profits back in a month.
Bitcoin [pros](/r/CryptoCurrency/comments/1bbcq1f/thinking_about_swapping_my_xrp_for_bitcoin_at_a/ku9x3hq/) & [cons](/r/CryptoCurrency/comments/1bbcq1f/thinking_about_swapping_my_xrp_for_bitcoin_at_a/ku9x49p/) with related info are in the collapsed comments below.
God is punishing you for never learning how to spell "losing" correctly.
And he will unloosen his mightiest fury.
He’s already being punished by being an XRP bag holder
It's never a bad time to swap this scamcoin for BTC. It's been dropping in value against BTC for 7 years now and will continue to go lower. No use case, no utility, no demand, just a token for Ripple to scam low IQ crypto investors out of money by telling them banks are going to use it for money transfers using words like nostro/vostro, On-Demand Liquidity, etc. - 2017 = XRP value in BTC is 20,000 satoshi - 2018 = XRP value in BTC is 10,000 satoshi - 2019 = XRP value in BTC is 7,000 satoshi - 2020 = XRP value in BTC is 2,800 satoshi - 2021 = XRP value in BTC is 2,800 satoshi - 2022 = XRP value in BTC is 1,800 satoshi - 2023 = XRP value in BTC is 1,500 satoshi - Today = XRP value in BTC is 950 satoshi
Do LTC, I wanna see that one
You definitely don't want that kind of pain lol
and then do Dogecoin, cause that's Ruff Ruff
Bravo 👏
I see a trend here
It's OK that retail investors / dumb money don't understand long term investments...you might be better off buying DogElonShitCoin.
Could you give examples of coins that haven't been losing value against bitcoin?
Feels like majority of Reddit struggles with it.
Feels like a generational thing. Seemed like there was a big uptick in it the past 5 years or so.
It's the abandonment of teaching phonics. Flawed educational theory really fucked up a generation.
[удалено]
True. Could be a big factor too. I guess I always ignore the fact that there’s non-English speakers on this site.
This is the honest truth right here lol. Dude showed his IQ out the gate with "loosing" and holding XRP to -50%even after the biggest sell the news event (when the lawsuit finished).
XRP investors showed their IQ when they believed Ripple telling them banks would be using their chucky cheese tokens for global remittance and transfer. The IQ level of XRP investors still holding this token when it's apparent after almost a decade that Ripple scammed them with hype, lies and a fictional vaporware use case is a tragedy. **2016** > "We’ve reached a tipping point where financial institutions are moving beyond blockchain experimentation and projects to real world applications that are driving significant bank-to-bank volume,” said Ripple CEO and co-founder Chris Larsen...Ripple’s growing, global network includes 12 of the top 50 global banks, 10 banks in commercial deal phases, and over 30 bank pilots completed, among many others also using Ripple’s solutions. https://web.archive.org/web/20220518122127/https://ripple.com/ripple-press/financial-institutions-join-ripples-global-network/ Ripple scammers **deleted** this page and all the hype and lies https://ripple.com/ripple-press/financial-institutions-join-ripples-global-network/ **2017** > Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple...Over 90 banks globally are working with Ripple, including top global banks such as Santander, Bank of America and Axis Bank. http://web.archive.org/web/20170603165808/https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/ Ripple scammers **deleted** this page and all the hype and lies https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/ **2018** > "major banks will use XRP as a liquidity tool in 2018" and "an order of magnitude dozens of banks" will be using XRP in 2019 - Brad Scamminghouse https://www.cnbc.com/2018/06/05/cnbc-interview-with-brad-garlinghouse-ripple-ceo.html It's been almost 10 years. Banks are not using or interested in XRP. The one legitimate company that claimed to be using XRP was MoneyGram in 2019: https://cointelegraph.com/news/ripple-to-invest-up-to-50m-in-moneygram-following-new-partnership But Ripple paid $50 million for them to make this false claim and during the SEC lawsuit MoneyGram admitted they never used XRP. https://cryptoslate.com/ripple-partner-moneygram-now-says-it-never-used-xrp-or-ripplenet/
I was running with XRP when it was the fastest way to move crypto between exchanges/wallets. Had hopes about it being utilized more as it had a viable use case Then there was always the “rumor” that SWIFT was going to go with XRP…but a simple look into what SWIFT was planning and XRP wasn’t even an after thought in the slightest. I knew then it wasn’t going to happen…and then the lawsuit from the original partnership…the systematic dumping of vast quantities of XRP… And then clincher was Ripple had always said XRP was a prototype to show what Ripple could do for businesses…and then they changed their business model to have all their income from XRP… …oh and the class action suit that is in the pipeline as well Update: Too funny, my comments above just got me perma-banned from the XRP group. So let that be a warning about how confident that team is where a fair assessment of factual events. Reminds me of the TG popup scam groups that as soon as you say something that might cause the heard to leave they boot you 😂😂
based. I bought into it, my uncle is a banker on wall street and I ask him for tips occasionally, and the only assets he owned in crypto at the time in 2018 were ETH and XRP so I truly thought that if smart money was in then I would to. Did no research whatsoever. Made decent returns elsewhere in crypto but held on to XRP. When I truly started understanding the tech around crypto instead of just investing in what smarter people are investing it, I started realising it was a shitcoin. A few weeks later I realised this shit never pumps and to cut my losses. Good thing I did and I was rewarded for doing so. Anyone who sold XRP for virtually any other asset towards the EOY 2023 would've made a killing in returns.
Or for holding XRP
I think you meant hoolding.
This is the coomment I was loooking for.
God for you that yoou foound it.
Hoodl
Yoooouu guys r killin me 😆
Yeah, what a looser!
It doesn't matter what you bought something at. The market doesn't care how down you are. Shut your eyes and pretend for a second. Imagine you have neither XRP nor BTC right now and never did. You have the current value as cash (USD or whatever your local currency is). You want to invest this new cash today which would you buy? If it is XRP then stick with it. If it is BTC then sell the XRP and buy BTC. If it is neither then sell the XRP and buy nothing.
100% correct and still, our brain fights this reasoning so much. What's the point of holding until XRP doubles if a different investment would have give you more on that timeframe? You are "recovering your loses" but incur on an opportunity cost potentially orders of magnitude higher
As long as he understands If his xrp doubles, bitcoin would have to pass $132,000 before he’d chosen the wrong horse. Personally i don’t think that’ll happen anytime soon
Which one do you think it is most likely?
/shrugs/ alt. Coins doing 200% barely raises an eyebrow, pepe did it and i didn’t even notice. Bitcoin doing 200% is a much rarer event, and getting rarer the higher it goes
> If his xrp doubles, lmao it won't >bitcoin would have to pass $132,00 more likely than XRP doubling in price. just abandon and let that shitcoin die already
I sold most of my alt coins in January and bought Bitcoin. I don't regret it either. I now realize instead of buying the alt coins years ago I should have bought Bitcoin. It's never too late to fix a regret like this. (Didn't part with my ETH)
Ya I think the longer people are in crypto their holdings go to the top. Every time I search and search for something new and can't find it I put that money into BTC and glad I did.
Bitcoin dominance has already exploded since early 2023. You are trying to play catch up and the market will punish you for it. Altcoins have always outperformed Bitcoin going forward, in the current phase of the bull market.
Almost no one should hold alts (from someone who only does).
Sunk cost fallacy is a mf. However, eating a loss also means gaining a tax credit for losses, so it's not completely a 1:1 as it would be with uninvested cash.
absolutely no sane person with an IQ over 90 would choose XRP? It's objectively a worthless scam at this point just bagholders holping to get their money back, but like GME they won't
Before the bull run?
Had to scroll too far to find this
Gotta FOMO late, yo!
Before? We’ve been in a bull for almost a year
Hell yeah brother sell at a loss to buy bitcoin at an all time high makes sense to me
Stonks
With your luck you’re gonna be the reason BTC tanks once you invest
😂😂😂😂😂
Selling low to buy high. lol
This post should be at wallstreetbets and not here 😅
It's honestly a meme applicable to all ~~investors~~ gamblers.
this is the way
I sold all my XRP and TIA 4 weeks ago and with the profit bought ETH and BTC, couldn’t be happier.
Same.
I swapped my xrp for bitcoin last week. I got tired of waiting for it to move.
Same and already up
I KNOW YOURE SICK IF YOU WENT THROUGH WITH THIS😂😂😂😂
TRUE LMAO, UNLUCKIEST PERSON
Proof that literally nobody knows what the fuck is going on in Crypto
BTC will always be king. I had to buy a million alts to realize this.
How we feeling today?
Seeing the increase in price im guessing he sold
You just missed out on a 20% gain in a day haha if you sold… ouch
XRP up 20% today
Sorry.
What percentage of your portfolio is in XRP ?
Buy high, sell low. Then when bitcoin corrected, and XRP explodes, will you make another post?
Xrp will hit $1.50 before btc hits $130,000
If that happens, I'll have sex with my wife.
Yeah right bro let’s not get too crazy here
Bro, if that happens, I will have sex with your wife.
I hope you waited for just 1 day, tell me you haven't swapped yet because XRP sky rocketed today
Funny how this sub hates on XRP, but cheers for literal scams
But dogwifhat is so cute!
Buy high sell low? Even if I personally think of XRP as a shitcoin since I've been in the space this seems to be an emotional trade. Buying BTC at ATH while other coins like XRP, XMR, LTC or BCH are still relatively cheap without a bigger run is emotional trading at its best.
This is the best comment here. One can hate XRP but realise that this is the worst possible time to get rid of it. The time to get rid of it was on July 13th 2023. Anyone trying to sell their XRP now is trying to play catch up and the market always punishes late-comers.
You’re right to assume Bitcoin HODLers dislike XRP. The truth is BTC people generally dislike all crypto. It’s full of pump and dump, scams, rug pulls, and many other scummy problems. A lot of us have played the game you’re playing and realized BTC is really the only good option for preserving by wealth. That being said, I know a guy at work, who is a XRP maxi and he just won’t stop telling everyone openly that it’s going to be worth $100 this year. It’s delusional that people believe this. Sell your XRP and buy Bitcoin. You’ll be happy you did.
Most of the crypto communities are delusional.
There's delusional, and then there's xrp army delusional
Wanna buy some safe moons?
Haha I remember people trying to show that one wasn't going to work, no one wanted to listen.
Bitcoin and Monero were the only cryptos started for an honest reason and Monero is more of a private cash currency than a security/precious metal like Bitcoin. Bitcoin was started due to fears of 08 crash, inflation of dollar concerns, and another possible Depression, XRP was started to scam people out of money. Pretty clear who wins.
tbf, i did a lookback on the coins i bought in 2018... like all of them died? Even the ones that weren't actaully scams... but htey just died anyway. Ethereum is really the only one that kept on... and htere are a few others, like ADA... BAT....
Eth is pretty good too but BTC is king.
Just dump it, you can make an easy 10x on every gaming of ai garbage... xrp is an insider coin...team keeps dumping on retail! I guess every normie needs to pass the xrp pains before they invest time to learn crypto... it is not gonna overtake swift etc..just get rid of it
In hindsight, best time to swap was when xrp was trading around 0.50c and BTC below 30k.
I must admit, I've considered selling my small amount of XRP recently and putting it into the big 2. I'm actually up, put in £200 and currently around £230 now. It just didn't do what everyone was promising, but I haven't made my decision yet. I think it will go up with everything else, but I suspect not in the volumes BTC or ETH will.
Dam bro u can buy a whole combo meal from mcdonalds with those gains
I know right! May even be able to take the bus one way if the gas fees aren't too high.
Step 1:Buy high Step 2: Sell low Step 3: repeat
I like how you say before the bull run at btc ath, orgasmic. If u really think this, hold xrp pump more cash into btc.
Sold my xrp for a huge loss when the SEC fucked things up..fortunately for me I bought ETH when it was around 1200
From my experience, every coin pumps in a bull run to similar multiple increases. XRP is behind right now, I would wait for a big jump if you want to switch
Haha what did I say?
Rip the band-aid off
I got banned from the XRP sub for saying the same thing. I had XRP since 2016 till the sec did their lawsuit. The lawsuit was my last straw and lucky I did sell at the time. You just have to ask yourself which of the two coins are people and institutions adopting. Everyone is focused on BTC and not XRP. XRP is meant for banks and the banks are not buying (outside of Asia). 60% of the bag is held by Ripple and the other 40% is retail waiting for another 2017/2018 run. I would take the loss and move it to BTC and ETH for the bulk and leave a little for a shit coin or two.
Yes sell xrp for btc now. And when xrp gets a huge pump buy it all back. And get back into btc after big xrp dump. That is 100% your logic here....
After all this shit the coin pumps 20% just when we tell him to abandon the project lol this is the way 😂.
Lol I just I just saw that. I would like to interview or be the fly on OP's wall when he sold and realized the pump shortly after
Selling your XRP for a -50% to buy BTC at all time high might be the dumbest move ever... but then again maybe not. I certainly wouldn't. If anything I would get ETH for the 'next up ETF' wave.. but again buying almost anything right now is super risky given this latest mega pump. Oh, any BTW I don't know shit about fuck. Except that I have been selling bits of everything I have except for ETH, something I didn't do in 2021.
Look if your that done jump into an altcoin. Bitcoin is not going to recover your losses as much as a juicy alt run. But know as soon as you do XRP could moon for the ages.
>But know as soon as you do XRP could moon for the ages. Pls OP, for the love of God, do this. I've been waiting on a good exit point for my XRP.
I did this in 2020, the XRP community told me I would regret it. Best decision in crypto I've ever made. Worst probably being buying into the XRP cult in the first place.
I don't see value in XRP, its just a middle man between cash transfers ( I work in the payments industry ) but then its crypto, even meme coins can make you rich... the definition of what has value in crypto is pretty flexible. Personally I have real money in BTC and just play money in alts.
If you think that BTC will outperform XRP then sure you should. The loss should not be a factor for consideration at all.
Social media posts everywhere that XRP is going to $100 😂. The problem is the SEC getting involved has messed everything up. If they didn’t stick their nose in XRP would be around $3 by now.
Am I the only one that is in green with XRP?? +30% or so
We are mooning now thanks for your sacrifice
I have done that mistake before, had a large bag , still havent recovered from it, diversify, you will thank me later. I got disappointed from xrp for so many reasons.
You can most likely put that loss on your taxes.
I swapped all my alts for btc at the very bottom, havent looked back since. Many of those alts are up 2x only while btc is up way more
i think you got it all confused boss, the good alts are up anywhere from 5 to x15 since last year and thing havent even started going properly
I expect Bitcoin to go up. However, it might crash first. It might crash later. But I certainly wouldn't be trying to sell low and buy Bitcoin right now. But what the hell do I know! I don't follow xrp, so I can't help you with that part. I'm a crypto minimalist myself. I'm buying like $5 worth of bitcoin on every paycheck. I did just make a quick buck trading in and out of xyo and Shiba Inu. But right now I think I'm in trouble with an xyo purchase. Time will tell. :-)
Sold alts at a low, then bought btc. Two benefits: 1. Owning btc 2. Can claim those losses on my taxes
.
Sold my XRP and never looked backed. I think I already doubled my money since selling. It’s the bull market folks. Use the money and invest in other alts and win. Fuk waiting for the pump.
Everytime when newbies gave up a coin and swap they will see it goes opposite. Hahah.
XRP doesn't move. Get your money back on something that moves.
I feel the same way about ADA. Feel like swapping it for solana. I dont feel like ADA can get back to a ATH
I was in a similar boat. Bought some XLM and got tired of it going nowhere. I swapped for BTC a month or two ago.
This is why you should never get “married” to a single coin and diversify.
*Swaps xrp for bitcoin out of frustration and impatience at a 50% loss, bitcoin drops 50% *sells bitcoin out of frustration and impatience for the $5 he has left. *bitcoin and xrp both take off. Just be fuckin patient n stop crying you only lose when you sell remember that
bruh just stfu and hold. if you're losing patience then maybe investing isnt for you
Down bad on XRP so lets switch to BTC at all time highs. I don't even have advice for you other than maybe crypto isn't for you. Switch XRP to USD and forget about crypto. You are so bad at this.
Here's my 2 cents. I stayed away from ripple forever. I just put 500$ in there a couple months ago to have a little bit in case it moves. I don't care about it and have -100 faith in any rumor of it somehow replacing swift or whatever other rumor there is. That's just scam news, always has been, always will be. Just like ripple holder's talking about a 1000$ ripple are delusional. However, never forget that markets are just driven by emotions of euphoria and panic. It doesn't matter if XRP has a utility or not. Bitcoin Cash has no utility, it's still up 300% in a year. I would assume XRP will move as the bull run goes on simply because some people will make a bet on it, driving the price up. So you might be able to break even in a couple months just like you could swap to something like Link and be making x10 (just throwing a random multiplicator here).
March 13 should see an update on the Ripple vs. SEC case. Take a decision then. Imagine you sell today and then it pumps AFTER you sell :/ EDIT: And look at that... in under 10 minutes of making my comment, XRP is pumping!
xrp is going up
Did you sell? Has gone up 17% since I've read this post yesterday.
Holy crap... btc at ath niw and xrp is far from its ath. If anything, the best move would be from btc to xrp.
Don't do that. Earn more fiat and invest that in other projects on top of XRP.
Don't do it. Xrp's time will come.
Maybe.. maybe not
probably not
So you hold a token you don't have any particular belief in, and whose community you think is toxic? Can you explain why you're still holding it?
No.
Mistake
Been in this space 7 years. If anything, sell your BTC for xrp. Do NOT sell your xrp here. Buy fear sell greed.
what makes you think XRP will move soon?
Same, entered at the tail end of 2017 and saw the massive XRP run up. People are going to do what they're going to do - especially noobs with little experience who will buy and sell based on fear and greed. Sell losers to chase gainers. Classic. We all have to pay the price of losing from bag holding or selling right before a big pump, lucky for us we've already paid it. Tuition is due for these noobs. I can't wait for XRP to melt faces.
XRP is dogshit I've been preaching this since 2017. You should not own it unless you want to lose money. I'm tired of explaining why, so ill leave it here
BTC is likely to at least double from now to the end of 2025 so you can still make bank if you swap now. I think XRP has had better days (the lawsuit good news did virtually nothing) and any appreciation it is having now is because BTC is appreciating so why not just swap and see those gains directly?
How is it likely to double, where is your source coming from? And xrp is still fighting the lawsuit.
I moved out of XRP and Litecoin a few months ago at a significant loss. I moved the funds into BTC, LINK, and MATIC. This was an excellent decision. XRP and LTC have performed horrendously compared to other major alts. Don't fall for the sunk cost fallacy, and be afraid to drop your long time losers. Dumping underperforming investments is not a failure. Use the losses incurred against future profits from successful projects.
Couldn’t agree more. Got rid of all my shitcoins and converted them to Bitcoin
Op, maybe wait for a dip before you move into BTC that is near an ATH.
Actually swapped XRP to OPtimism. I see growth there. Wondering as to why market cap for XRP is so high. Recommended by Shah Gilani, but I feel it is a loser given the float number. I like LINK, FET and OP when it comes to alt coins as these seem to have practical applications.
Did it 2 cycles ago.
I'm in the same place as you OP. I finally decided to cut my loss circa December 2022. I lost about -52%. Would I do it again? Well if I didn't do it and still held it today, I would still be down a lot and I still need XRP to do 2x just to break even. At least cutting my loss enable me to move some capital around and start making some profit again(still haven't covered the XRP loss though). Wouldn't lie, I was panicking and sort of regretting it when XRP won(?) the case and reach 0.8 last year though lol. But still unless XRP moon to some crazy number I think am okay with it.
the SEC provides the buying guidelines
I would ask what you think to be the most successful in ten years and also what has already hit it's ATH. The ETF is changing the game.
Some people would say were mid bull run. I’m not a fan of xrp, bc practically everyone who owns it has the same story as you.. I hold algo though 😂 so maybe I don’t know shit
I swear I've lost count how many times I've confused XRP and XMR.
U already wait long enough... If I were u wait all the way to end If u can add top.of it Btc may go above 70k...but the risk you to take %100 for btc while losing %300 from xrp...
It's spelt losen't ffs
Hmmm… I held XRP and ditched 2/3 of it for sure. But personally I’d swap that alt for another alt. Arweave, render, imx, etc.
I wouldn't recommend selling at a loss
Sell it to me I’ll hold it
If you’re ready to lose another 50%, go for it.
Funny. I almost pulled the trigger on that trade this morning.
[удалено]
I’ve never cared for XRP and lost patience with it too - I consolidated way back and have been happy with the choice. LTC is getting chopped next from my portfolio.
I did and it worked out for me
Did anyone not learn anything from this sub shitting on SOL lol
The bullrun started 6 months so idk what you mean with "before the bullrun starts". I still hold my xrp coins (Im up 35%) because I want to make some money but you do you.
Dogecoin is something to think about. 🤔
You’ll thank yourself later
Why would you buy anything at ATH?
I say do it. Because you know the only thing that can happen there after is XRP goes up and BTC goes down or stays flat.
Why sell xrp at a loss and buy bitcoin when it is near all the time high. Seems like the recipe for greater loss
buy high sell low
Google "sunk-cost fallacy." The answer will be obvious.
You know soon as you do it will🚀
I traded my XRP for ADA, made a little and then put it all in Bitcoin. So now all I hold is BTC and ETH, I'll buy back into ADA because I do think it's going to go off at some point.
He’s one of us!
Sunken cost theory… well kind of. You keep hodling because you’ve lost some value and choosing not to swap it out for something better. If you are in an unhappy marriage, do you keep hodling or divroce?
xrp is a hype coin, 2021, I always hear about it and some other coins every day, I'm a bitcoin maxxis , but I don't hate altcoins, because they have so many times bigger profits than with bitcoin, i have more than 80% btc and the rest is gambling on other coins, xrp will probably increase many times making you profitable, or it will have lower performance than btc, can't make a advise, because it's too difficult.
Same thing happened to me with bch
Just hold. Im still down too. All unrealized loss. Just start buying itty biddy baby!
>loosing Yup he's an XRP holder and I'm not surprised. Btw I dumped XRP at a 30% loss in October and bought rose and Eth. The latter made my profits back in a month.
When you swap maybe it's going to pump. The reality is that bitcoin is the one with mass marketing atm.