Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Quantum X on January 04, 2021, 10:21:23 AM
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
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NO. You see, this is about XRP being accused by US SEC as a security. Don't buy the BS conspiracy theories being fed by XRP army. It's not some kind of FUD that's being thrown at bitcoin like used for money laundering, illegal gambling, etc. Besides, why would banks even bother accumulating XRP when they can issue their own token or coin? Several banks are already testing/developing digital currencies if you're not yet aware. They could also just open up a crypto custodial services and earn from it without doing anything else.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
Yes we all know ripple is bank coin, Ripple has been supported by banks..I agree with you, next time we can only buy crypto from the bank. But I think especially the ripple. I hope other crypto will have the same future. Let's see
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I laughed out loud after reading this thread.
Impossible. It is impossible for a bank to provide cryptocurrency because the bank remains a bank with its very strict and centralized conditions.
Cryptocurrency is a digital asset and will not be centralized, even if there is one that is centralized it must be a stable coin like USDT.
Ripple cannot possibly work together to make all crypto buy from banks.
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This is true that soon the crypto market is famous in all over the world and it is legal at that time and peoples will buy the coins and sell the coins through bank becasue almost banks are involve i this business but they are not show it and soon the Bitcoin and also other crypto currencies will withdraw through ATM,s in future.
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I agree with your notes but maybe there will be a lot of regulations applied.
Example:
OK, maybe ATM machines can easily store or withdraw crypto, but if the cryptocurrency is unstable then it will feel heavy to apply.
This note is where this cryptocurrency must be a stable coin or only a stable coin in an ATM machine to get the money.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
Not. We know that the ripple's price drop was due to the SEC lawsuit and its content shows that it has been preparing for a long time. Therefore, it cannot be tweaked by the banking system. Anyone who read at least the whole of this claim could conclude that ripple's difficulties are temporary, since the SEC did not present a claim regarding the issue or circulation of this coin.
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All is just an assumption and even we don't exactly what's happening but one thing is for sure xrp will always live and will rush it price to $1 to $2 4fter the end of the year. And probably even sec is part if holders and waiters for the high peak of its price.
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The Ripple crisis that occurred was not due to the Bank's strategy to fill their pockets, but there had been major problems with the SEC in addition to the delisting of XRP coins on various cryptocurrency exchanges. And if we can also buy Cryptocurrency at the Bank, then what are the advantages of this? Because previously we could buy Crypto easily on many exchanges.
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in my opinion it makes sense that your theory is quite correct, that in my country, sending different banks will be subject to a large fee if there is a ripple fee, tx between banks will be cheaper
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In my opinion, buying Ripple coins from a bank is impossible because Ripple can change its price quickly, especially if Ripple gets FUD then the Ripple price can happen a Dump.
Maybe more precisely Ripple can be a merchandise from the Bank with the best features that the Bank produces.
You can say that Ripple is also a gift symbol from a bank or Ripple is a digital asset that banks around the world are collaborating with for the Cryptocurrency market.
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I don't think it will be like that. Why should people buy xrp from banks while the stock markets stop. In order for such a thing to happen, it must be delisted from all exchanges. If this happens, the value of xrp will already be at the garbage level.
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I think everything depends on how team going to response in this bad season. But i also think it can not be possible from banks as it is decentralized and bank policy can not control it. So let's see what's will happen in next.
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This time in almost all over the world the crypto market is ban and we buy the coins from the exchanges but i hope soon we can buy the coins through banks becasue the crypto market is going to legal soon and its true.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
I think anything can happen at the coming future .. We will buy crypto at bank only, It is possible when all countries support the crypto currency. But I think It is difficult , because several countries still blocked crypto currency
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Thank you so much for creating a beautiful and informative post. Because I had no idea about it but you have given a lot of ideas. I hope all the members like us will benefit from this valuable post. And I hope you will share more posts like this among us.
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Still the banks are not interested to work in the crypto but in future it would be possible and we can make good money in the market at that time easily to buy the coins from the bank and sell on the exchanges when the price is high.
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Still the banks are not interested to work in the crypto but in future it would be possible and we can make good money in the market at that time easily to buy the coins from the bank and sell on the exchanges when the price is high.
Yes, I think anything can happen at the coming future.I see crypto currencies are more popular now, I believe crypto will gain the popularity with the time..I believe it. So maybe we can buy crypto at bank, at the future.
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In my country there is already a bank (BBVA) that is studying a Bitcoin custody service, they want to implement it and put it into operation during this year. It wouldn't surprise me at all if they also offer the sale of Bitcoin and other cryptocurrencies through some of their banking products. As a curious anecdote I tell you that BBVA bought 5,000 Bitcoins in 2013.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
Ripple is bank coin that has been supported by bank. So, I think I agree with this , maybe at the coming future We could buy ripple at the bank.. I hope It will happen soon at my country, But I don't think so.It will need legalize
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@DAMKAR I don't think that will ever happen, if XRP (or any other cryptocurrency) could only be sold and bought in a bank, its capitalization would completely collapse reaching practically 0. As an investor, I would not be willing to buy something from a bank that I could previously buy on dozens of exchanges without having to give my personal information to anyone, and I'm sure I'm not the only one who thinks like this.
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Why would I invest in crypto if thru bank? there's a lot of crypto in fee markets no need to buy XRP if ever in a bank, I think many investors will not support it if this will become real may will dump this coin, so I think this will not happen even in the nearest future.
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Why would I invest in crypto if thru bank? there's a lot of crypto in fee markets no need to buy XRP if ever in a bank, I think many investors will not support it if this will become real may will dump this coin, so I think this will not happen even in the nearest future.
That is precisely what I think. If banks believe they can sell cryptocurrencies to the masses, they don't know how wrong they are. The cryptocurrency investor already knows perfectly where and how to buy, he does not need banks that will only inflate the price with commissions, so if banks try, it's no wonder it's a huge failure.
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There is a possible we can buy crypto into a bank because of the situation now all over the countries stands a pandemic crisis and I know the blockchain hoping there works as a easy way in terms of banking transactions by buying a coins.
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Yes you are right every one buy crypto from bank in future loot coins will connect with banks like ripple is connect with loot of banks am still holding my coins and also holding since 1 year about 20k ripple i will sell them price 10$ It will touch in moth easily.
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It may be difficult to achieve this desire because now cryptocurrency is still underestimated by Conventional Banks.
It may take a while for the Bank to provide the opportunity for Ripple to be available at the Bank and in trade there because the Bank also does not want to take risks due to the decline and the spontaneous increase in the price of Ripple coins.
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It may be difficult to achieve this desire because now cryptocurrency is still underestimated by Conventional Banks.
It may take a while for the Bank to provide the opportunity for Ripple to be available at the Bank and in trade there because the Bank also does not want to take risks due to the decline and the spontaneous increase in the price of Ripple coins.
That's true mate, banks still underestimate crypto currency. But we all see there is ceypro that been supported by bank like ripple.I hope bank will addopt cyrpto technology and create new coin. I think It will be a good idea.. Crypto currency world will be more popular.
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Crypto should be tradeable in the market that investors and traders can buy any time they wanted to avail. Ripple is a bank coin but not limited just for banks. Today and forever Ripple cam be seen in cryptocurrency market even it is suspended in other exchanges. Ripple is for all not limited to banks.
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On second thought, if we could only buy cryptocurrencies through banks, I really believe that most cryptocurrencies would die in a short space of time. We would lose the freedom to buy and sell wherever we wanted, and that I think is the fundamental pillar of cryptocurrencies, freedom. The banks do not have the ability to control everything fortunately.
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Crypto currency is digital as well as virtual currency. Most of the country do not allow crypto currency for their money transection. But some developed countries have approved it's for their financial transection. As the whole world is being digitalized the demand of crypto currency will be increased. However if the crypto currency is come under the Banking system , there will be needed maintain some rules and regulations. Then the crypto currency can gain legitimacy by the Banking authority.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
I don't think about that. Because almost all banks didn't accept crypto currency. Maybe bank support of ripple. It can be. But for other crypto currency ,I don't believe it will happen. We will never buy crypto from the bank. I think
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Cryptocurrency has made it easy for us if we want to have it, only one condition, namely a smartphone and the Internet. So we don't need banks to buy Crypto coins, and I also think that banks will not accept Crypto let alone trade it, because in theory Crypto and conventional banks are rivals.
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Do you think there is a possibility that the current crisis of ripple is just one of the greatest strategy of the bank in order to fill their bags while it is at low cost. And when the time comes they will be the top institutions earning big from it?
Impossible to buy only from banks. I couldn't reconcile the exchanges that so active on xrp trading with high daily volume.
Though, my response seems late. Ripple already pump hard although without official announcement the favor from Sec.
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Crypto currency is digital as well as virtual currency. Now physical currency is only transected in the banks in the whole world maintaining many regulations. At this time there is no controlling authority to regulate crypto market. Apart from this there are many barriers for crypto currency to introduce in the banking system .As many banks have adopted ripple technology for easy and speedy transection ; it may be occurred that; in future crypto currency may be introduced in the banking system.
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Seriously? Does it mean that there will be no crypto exchanges anymore? I don't think this will happen. Binance, Kraken, COinbase, Hotbitand many more top exchanges will also not allow this kind of regulation and I am sure that most people will not like to be centralized with the banks
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Soon the crypto market we saw in the banks becasue soon the crypto market is going to be legal in all over the world and the banks will start work with this great market and we buy the coins from the banks at that time.